Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 10/1/2018 16:31

EIA only reports 4.9mbo draw. EIA never agrees with API so next week I would expect a big draw from EIA by which time the US will be in the grip of the next cold blast, so looks like things will remain bullish for oil in the coming weeks.

[philmac56] 10/1/2018 15:49

Bones...thanks for the info

[whiskeyinthejar] 10/1/2018 15:33

I think so Mark. Id like them to put out the average bopd monthly. I doubt BOD would be up for it, but if opec countries can do it, why not Trinity?

Anyway, Trinity doubled the work program in H2 compared to H1, taking on extra rigs, so bopd should have risen sharply.

[mark10101] 10/1/2018 15:08

Thanks WITJ, I have adjusted them, it was wrecking the board. What do you think, with West Coast assets we can’t be far of 3000 bopd now?

[whiskeyinthejar] 10/1/2018 14:37

Mark, up to you, but you can resize images.

You tell browser how to resize image by putting value for width in before closing bracket.

Ive put:

width="40%">

So:

[mark10101] 10/1/2018 13:51

I think they raised it to 16p area after they exhausted the 15p region and just working the same method.

[phowdo] 10/1/2018 13:43

Small (few thousand shares or so) sells after any larger buy.
Gives the impression there is frequent selling...

[mark10101] 10/1/2018 13:40

Something similar was posted by Warwick on Twitter if I remember correctly. Bruce was keen to emphasise slide 8 of the recent presentation where steady growth is being achieved by the workovers. I have crudely played around and if the same rate of growth has been achieved we should be close to 3000bopd already. Just conjecture and nothing is as simply as a straight line on a graph.....

[bones] 10/1/2018 12:58

rossannan, yes indeed 2018. I was still working in 2017 head mode!

[mark10101] 10/1/2018 12:55

Yes and we know we are on an upward production trajectory due to the workovers and the last reported production was 2750 in October so I think we will be a lot closer now to 3000 BOPD

[bones] 10/1/2018 12:19

philmac, it is in the 2600 - 2800 range currently, aiming for 3k sometime next year.

[philmac56] 10/1/2018 12:13

Please...how many bopd...do Trin currently produce??

[mark10101] 10/1/2018 12:06

WITJ, absolutely, this period, as back in the summer, is does not appear to be normal trading based on the fundamental, it is a jostling for a position in TRIN prior to what I believe will be a transformational year.

GO posted a very good end of year analysis for TRIN on LSE with oil at $62. We should be debt free by the end of the year with a forward PE for 2019 of approx 2.5PE.

My personal beliefs is oil will average highter than $62 this year, but happy to take a cautious analysis. The US average PE ratio for the oil and gas sector is 25, I would say we have sufficient room for growth once the seats have been taken. The only problem is, like the summer where it looks like there was a big buy being processed the number of sellers are scarce and take months to be flushed out of their positions so we may have to wait a little longer before we challenge a fairer value. Like most on here happy to wait and see.

[whiskeyinthejar] 10/1/2018 11:51

After the peak in March, we bottomed at 10p. This time around after peaking we've bottomed about 15p. Rising bottoms. Id rather we were surging over 30p, but chart is bullish imo.

IIRC the last big rise was when Jennings bought in.

Bruce said next thing was to bring in institutional investors. I think maybe with Whitmans PR, they should be able to find IIs willing to take a stake.

[che7win] 10/1/2018 11:34

It is undervalued so don't know why it isn't rising, but personally I sold 25k yesterday bought at 14.5p.I like the company and hold a lot for me, but I think TXP will be much quicker off the mark this year.

[marvelman] 10/1/2018 11:29

What on earth is going on here. CERN up 12% (output 500 bopd)and other oilers breaking out and yet here we sit flat as we have been virtually for months.

[spellbrook] 10/1/2018 09:57

Kepner

We wait until February update

Maybe a west Coast update before ?

[kepner] 10/1/2018 09:47

Something to enjoy whilst we wait :

[mark10101] 09/1/2018 22:54

I think tomorrow could be a day TRIN cannot be ignored at the current price with oil surging.

[mark10101] 09/1/2018 22:21

Well the weather models proved very helpful in predicting the 11.16m draw in crude against the 3.9m expected (who made that number up....)



The weather models indicated the severe weather they have just had back on the 20th December. They have just predicted another bout of cold starting this weekend.

[mark10101] 09/1/2018 17:37

Maybe oil is reacting the latest weather models that after a bit of warming for the US in the next few days it goes very cold by the weekend and into the future.