Trinity Exploration & Pr... Share Discussion Threads

[shrewdmole] 10/2/2018 11:59

Oil

It's been missed by many that they are throwing off serious cash and debt and cln should be gone in next few months.

Board are doing city rounds next month plus imminent inclusion in malcys it's.

Add in potential off increased production, spt reform and higher impact galeota s entry hard to find a downside when break even is below $30.

[oilandgas1] 10/2/2018 11:41

Hi mark101,

Thanks, any idea at what date this was disclosed for the CLN at $6.55m and can trin pay it down anytime ?

With oil around 60$ , trin could be debt free by apr18..and have a cash balance above 10$m

[mark10101] 09/2/2018 20:49

Hi Oilandgas, the CLN is $6.55m but we have a 7% interest rate also so that needs to be factored in depending when it is paid off.

I am not sure when the CPR is due, as you say that conversion will be a big boost and one of the many possitve news events that we still have in the bag.

[oilandgas1] 09/2/2018 19:47

Also anyone know when the next CPR set of results are due for TRIn?

As a further boost we also have discoveries totalling a further 19.8 mmbs awaiting development classified as 2C but will move to the 2P category. The hard work has already been done as this oil has been found by drilling.

[oilandgas1] 09/2/2018 19:45

Yes the valuation looks very low for the cashflow.. anyone know the value of the CLNs which have to be paid off?

Debt at jun17 9.7m$ must be around 3m$ now (imho) depending on capex in 2017 H2. In Apr18 we could expect it to be paid off.

[mark10101] 09/2/2018 18:58

Oil at $58, looks like Goldmans call right of the top of the market was perfectly timed again. Suspect they are loading up right now. $80 this year is possible and they could eventually be right, but only after this raid.

TRIN had a pretty good week considering how it would have performed in the past, shows the management are getting on top of things. That recent oil boost has done wonders to the financials.

[mark10101] 09/2/2018 14:44

Was going to post the same. Malcy said he was working the updated bucket list 2 days ago and he said inclusion was a formality. Would be great to be included.

[shrewdmole] 09/2/2018 14:29

Relax guys

Imminent inclusion in malcys list
Ii presos

We're making money every day and in troubled times cash is king.

[nafafa] 09/2/2018 14:08

Precisely, and it is the persistent low price sellers who loose out!

[nafafa] 09/2/2018 14:04

Precisely, and it is the persistent low price sellers who loose out!

[marvelman] 09/2/2018 13:23

So two posters claiming to have made profits trading this within the range 15.7 to 17.5. Not knocking it but does illustrate the ease at which TRIN can and is traded within such narrow ranges particularly as there is no Stamp Duty to pay.

[mark10101] 09/2/2018 13:17

Really good to see buying the dip holding up, TRIN looking a lot stronger than it has for years.

[markth126] 09/2/2018 12:39

Added another 65k at these levels - scary big holding now but believe will come good in time

[nafafa] 09/2/2018 12:22

So frustrating, might as well take advantage! Sold a few days ago at 17.5p and just bought the 32k back at 15.7p. Make the most of the 15-18p doldrums!

[mark10101] 09/2/2018 11:53

Yes, just posted on LSE that it looks like the buy the dippers are back. It is encouraging to see in TRIN which is holding out pretty well given general market conditions.

[phowdo] 09/2/2018 11:51

Dearth of buyers due to market anxiety.
A few sells cause stops to be hit and you get a waterfall until the bargain hunters reappear. Its happening across the board not just TRIN.

(nice trade basem1)

[basem1] 09/2/2018 11:47

Ha ha - just bought my 35000 back that I sold at 17.23....a nice £500 turn. A traders paradise at present.

[shrewdmole] 09/2/2018 11:43

I know ig virtually doubled the margin on Trin last weekend.

[deeppockets] 09/2/2018 11:31

Oil down little but we are getting hammered - odd? Just volatility getting people to sell stocks, some possibly trimming profits to pay margin calls?

[mark10101] 08/2/2018 10:51

Yes volatility is still high but I am hoping these are just after tremors of this event. Fundamentally the markets are now very vulnerable to this very rapid sell off. General market tracking ETF’s look a big structural worry to me and I have been expecting this weeks events for a while. But ETLF looked to have been another layer I missed and what is causing the extra volatility.



Having said that it is why I own TRIN, as Warren Buffet says own stock where you would be happy to own them for several years if the market was suddenly closed on you. A good way of thinking about it.

[bones] 08/2/2018 09:39

Hope so Mark but I keep an eye on the VIX. If that persists above 20, it's usually a sign of continued gyrations and a bit of fear about the place. It will only take another minor interest rate scare to set the hares running again.

[mark10101] 08/2/2018 09:03

Bones very true, if it did not happen this month it could have been any month going forward. Hopefully this cleanses things for now and things can rebuild from here.

[bones] 08/2/2018 08:52

Oil does not operate in a vacuum. The recent market puke cleaned out some big players caught on the wrong side of volatility and that was a market where virtually all bets were short VIX and the like. Plus most margined positions in the stock market were long. Even Bitcoin was a large situation. When a massive wave of margined positions are called, all holdings get sold in a panic to cover the calls. Oil is no exception.Make no mistake when VIX rests above 20 and spikes to 40 as it did, that signals some big damage to major bets in the markets.