Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 17/4/2018 12:28

Chartwise this is looking very promising. The traders will be making their mind up atm as to weather to buy now or wait until 20p is properly breached and open sky beckons, but once it goes it will move quick.

[mark10101] 17/4/2018 12:26

Yes Permian is the only game in town atm, bottlenecks in pipelines, sand, water and fracking rigs. Yes with Venezuala crashing it flatered the OPEC numbers but they are still BOPD that need replacing at some point.

[filterwest] 17/4/2018 11:51

This going to move soon.

[mark10101] 17/4/2018 11:08

WITJ, I have been reading bottlenecks in the pipeline is a real risk to the Shale miracle.

This article mentions it along with a statement that in March Opec was 163% compliant! As GO has posted it makes me wonder if OPEC really can switch the taps back on when needed.



I hope you don’t mind but I will add your guide to adding a picture to the header as I am always struggling to find it.

[whiskeyinthejar] 17/4/2018 11:01

Gabriel the data is a bit out of date, but don't think much has changed except discount in Permian is much worse. I suppose people who run pipeline companies have to eat too. If anyone is interested in the data they can google 'WTI Midland' I guess.

Posting graphics is just $img src='Http://Yourfunkypicture.jpg'$

But replace the $ with opening and closing <> brackets. Note you always have to capitalise the Http to stop advfn removing the link.

Test thread here;

[mark10101] 17/4/2018 10:50

Ross, we all need to look for the risks so definately don’t want this board to become unbalanced and if any new risks arise then we need to share them as many of us regulars are very heavy weight in TRIN! I have always been a Tigger as far TRIN is concerned and good we have our Christopher Robin and Eyeore presents to form balance.

Very much looking forward to seeing how the rest of the year pans out. I think your targets are sensible and achievable in the time frames which will be a good result for all.

[whiskeyinthejar] 17/4/2018 09:53

Gabriel- Petrotrin dont publish the oil prices they pay, but it's not such a problem imo because we don't have to pay transport costs like other oil companies and countries.

In fact Bruce said in a recent presentation that he is free to sell the offshore oil to anyone, but they chose not to because they can't do better than Petrotrin.

I was quite surprised how much it costs shale companies to transport oil to cushing when I came across graphic below. Even by pipeline. wti is the price at cushing of course. But oil price paid in the Permian (which trades as wti midland) has recently been as much as much as $10 dollars lower than wti cushing because pipelines are hitting capacity.

[spellbrook] 17/4/2018 09:29

Another notch on that HUGE TRIN BOWL FORMATION

[return_of_the_apeman] 17/4/2018 09:09

No hope required imo, just stick with the maths you have been doing. Every passing month derisks this further and shr price reacting accordingly.

[melody9999] 17/4/2018 08:25

Still a few sellers at 20p.

Ross 130 - thanks for clarification - for 'bear' read 'contrarian' if you wish.

[mark10101] 17/4/2018 08:04

Great open, is today the day we finally move on from 20p, it is not a significant mile stone regarding MCAP/valuation but has been a tough nut to crack. The market is clearly seeing the valuation gap we have been banging on about and the solid progress made by management is paying off.

[mark10101] 17/4/2018 07:42

Ross even if GO is out by $5m (as you say either way!) then we would have $4m in the bank. At $65 oil TRIN is receiving $5.8m in oil revenue each month (GO’s $1.2m is pure profit), so that cash gives significant wriggle room to pay anythng urgent, survive on etc. Currently with more money in the bank than needed for full repayment and 7 months of profit to come in I am sleeping easier than last year and I think the share price is demonstrating that also.

[spellbrook] 17/4/2018 07:23

rota

That could well be a possibility in a few years time

[return_of_the_apeman] 17/4/2018 02:51

"Because having a large lump sum sitting in the bank isn't a good use of cash imo."

Ahem, may I be so bold as to suggest a dividend, cough, cough

:-)

[whiskeyinthejar] 17/4/2018 01:33

Trinity already has the cash to pay off the debt with $2m to spare. Tweaking Gabriels spreadsheet can't change that.

But it's true a random negative event can hit any company at any time. What would the BOD do if it needed to raise an extra $5m? Well, the board would still use the existing cash to pay off the CLNs. No difference. And then if cash coming in for the rest of year wasn't enough it would look for funding in the usual ways. So no 'egregious CLN dilution' even then.

The CLNs were taken out during restructuring when obtaining cheap debt would've been difficult. However, CLNs are secured debt so they carry a far lower rate of interest, just like mortgage debt. But with Trin thriving, I actually doubt theyd now have much problems borrowing $5m on friendly terms should the need arise. Banks love to lend to profitable companies.

In fact I'd guess they'll look for a borrowing facility at the same time they clear the debt, unused but there for a rainy day. Because having a large lump sum sitting in the bank isn't a good use of cash imo.

[spellbrook] 16/4/2018 22:53

Energy talks commence in London



The Trinidad and Tobago delegation arrived in London this morning (Monday 16 April, 2018) and almost immediately commenced official engagements.

Prime Minister Dr the Honourable Keith Rowley along with Minister of Energy and Energy Industries, the Honourable Franklin Khan and Minister in the Office of the Prime Minister and the Ministry of the Attorney General and Legal Affairs, the Honourable Stuart Young held a briefing session with a team from the Ministry of Energy and Energy Industries and the National Gas Company at the Hilton Green Park in London in the afternoon. Those in attendance included Mr. Mark Loquan, President of NGC, Mr. Leroy Mayers, Ms. Heidi Wong and Mr. Richard Jeremie, Advisors, Ministry of Energy and Energy Industries.

Following this meeting the delegation went on to meet with top level Shell executives at the Shell Center in St James Park London. Shell was represented by Mr. Maarten Wetselaar, Integrated Gas and New Energies Director, Mr. De La Rey Venter, Executive Vice President, Integrated Gas Ventures, Mr. Derek Hudson, Vice President and Country Chairman, Trinidad Tobago and Mr. Anders Ekval, Business Opportunity Manager, Atlantic LNG.

This meeting was a continuation of the conversations between the Government and high-level executives of the major energy companies operating in Trinidad and Tobago to discuss the governing principles for discussions and negotiations going forward.

The Honourable Prime Minister continues to focus substantial personal effort towards strengthening Trinidad and Tobago’s relationships with multinationals in the energy sector. In this regard, the Government is determined to achieve better returns for its citizens and both Shell and BP have indicated their willingness to hold negotiations and discussions with the Government.

A joint statement from both parties (Government and Shell) will follow.

Dr Rowley and the delegation will meet with high-level executives of BP tomorrow for similar talks.

[spellbrook] 16/4/2018 22:51

Government and Shell moving toward agreements by September 2018



Prime Minister Dr the Honourable Keith Rowley led a delegation of energy experts to meet with Shell executives in London today (April 16, 2018).

The Government’s delegation included: Minister of Energy and Energy Industries, the Honourable Franklin Khan, Minister in the Office of the Prime Minister and the Ministry of the Attorney General and Legal Affairs, the Honourable Stuart Young, Mr. Mark Loquan, President of National Gas Company, Mr. Leroy Mayers, Ms. Heidi Wong and Mr. Richard Jeremie, Advisors, Ministry of Energy and Energy Industries.

Shell’s delegation included Mr. Maarten Wetselaar, Integrated Gas and New Energies Director, Mr. De La Rey Venter, Executive Vice President, Integrated Gas Ventures, Mr. Derek Hudson, Vice President and Country Chairman, Trinidad Tobago and Mr. Anders Ekval, Business Opportunity Manager, Atlantic LNG.

The parties agreed to establish empowered negotiating teams that will meet from the second half of May 2018.

These teams will work on a priority basis, on a number of matters including, but not limited to, Atlantic LNG and the socio- economic contribution of the LNG business to Trinidad and Tobago, extensions of various upstream Production Sharing Contracts (PSC), Venezuelan initiatives and new domestic gas arrangements.

It is expected that the negotiating teams will report back to their principals with agreements by September 2018.

The parties agreed that they are working towards the securing of the long-term future of the gas industry in Trinidad and Tobago.

[shrewdmole] 16/4/2018 22:43

Spell

Shame that link had the tag at the end for trinity mirror not trinity.

All in all a good summary though.

Melody there's always a risk and negative, world politics are either or both but where else do you find a company that's about to be debt free and churning cash out.
And with off shore prizes.

I'm not an ultra bull here despite my holding but for now on current knowledge it's quite undervalued.

Witj summise that the price will rerate ahead of actual debt/cln clearance and the market is usually a few months ahead so let's see what happens.

S