Trinity Exploration & Pr... Share Discussion Threads

[astorcourt] 20/4/2018 08:09

We also have a secret weapon in SPELLBROOK, who tweets all the daily rags on a continuous basis.

[wwick] 20/4/2018 08:08

24 today to round the week off would be welcome

[astorcourt] 20/4/2018 07:48

Agreed Mark, with momentum building it could happen.
Mr Dingwell mentioned that 40% of shares were held with family and friends, assuming there are some longer term investors holding 10%, then any institution wanting in with a 5% stake may find it difficult at current levels.

Some funds will now be getting alerted, now trinity is over the 60m mark.
Oil sector has been starved of investment, so tide could be turning soon.

Exciting times ahead.

[mark10101] 20/4/2018 07:22

Astorcourt, excellent summary and very much my stance. I have watched companies that received followings and market caps far beyond their potential. I posted here many times I am not waiting for fair value but when TRIN becomes overvalued and with over excitement taking over. We are still a way from fair value as GO points out. With a current PE of 5 and heading for completely debt free status, if we only hit the US average for oil producers and explorers of 20 PE that gets us on the way to £1, which I think is possible in the next 18 months (I have held for a lot longer than that so happy to wait).

[astorcourt] 20/4/2018 06:33

Trinity sitting on a market cap of 60m

UKOG and PANR, both below 60m now, but quite recently had market caps in excess of 250m.

Neither has any worthwhile production or cash, only problematic plays.

Now TRIN has current production of nearly 3000bpd, with the much understated beast GALEOTA hidden and out of view, but soon to be unleashed.

Throw in all the added extras, asset sale, SPT reform, farm out, reserves upgrade, Bruce Dingwell a trinidad national and all that implies, etc, etc.

Now is their chance to get to 250m market cap ahead of time? If UKOG and PANR can do it, then why not TRINITY.

[mark10101] 19/4/2018 17:59

35p is less than £100mcap, with higher oil prices and some good moves by the management that will still look cheap.

[mark10101] 19/4/2018 12:58

GO, that could be a tricky on but see if I can find the raw data needed.

[spellbrook] 19/4/2018 12:33

sm would certainly make sense and will certainly show the progress and future to come, with or without the "BEAST" "GALEOTA"

[spellbrook] 19/4/2018 12:32

Oil Rallies to More Than 3-Year High as Stocks Tighten

By Sarah McFarlane
Oil prices hit their highest level in more than three years on Thursday, extending gains on tightening U.S. inventories. The rally comes ahead of a meeting between major producers on Friday, where oil exporting countries are expected to renew their commitment to draining global inventories.

Brent crude, the global oil benchmark, was up 0.9% to $74.15 a barrel on London's ICE Futures exchange having earlier reached $74.44, their highest level since November 2014. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.9% at $69.07 a barrel, having earlier touched $69.27, its highest point in over three years.

Oil markets shot up on Wednesday after the U.S. Energy Information Administration reported crude and product stocks had fallen in the week ended April 13, indicating healthy demand is helping a global glut continue to recede.

"The fact that the gasoline inventory reduction was more pronounced than anticipated was due to record-high gasoline demand, which is extremely unusual outside the summer driving season," said Commerzbank in a note.

Analysts said expectations that a meeting of the Organization of the Petroleum Exporting Countries in Saudi Arabia tomorrow will yield a reiteration of their commitment to reducing global inventories added to the bullish sentiment.

"It's normally the case that the market moves ahead of the news, it's pricing in a continued positive rhetoric from this meeting," said Bjornar Tonhaugen, vice president of oil markets at consultancy Rystad Energy.

The cartel, along with other oil producers including Russia, has curbed output since January 2017 in an effort to stabilize prices and reduce stocks.

Geopolitical tensions continued to support prices, with investors monitoring the U.S. stance on the nuclear agreement with Iran, due for review next month. A reinstatement of sanctions could risk hitting oil production.

"If sanctions are imposed again on companies dealing with Iran, maybe as much as 1 million barrels a day in the worst case scenario could be at risk," said Mr. Tonhaugen.

Nymex reformulated gasoline blendstock--the benchmark gasoline contract--rose 0.3% to $2.07 a gallon. ICE gasoil changed hands at $646.50 a metric ton, up $7.25 from the previous settlement.

Write to Sarah McFarlane at [e-mail]

[shrewdmole] 19/4/2018 12:31

Spell

I'm almost certain they said they were doing city rounds early May!!

[spellbrook] 19/4/2018 12:29

go

a fair nit pick, but i see it playing out a fair bit, it was hammered with the falling oil price on the way down..

Im hoping team TRIN organise some roadshows and Investors meetings after the May Results & Update

[mark10101] 19/4/2018 11:16

SB, always been my view once 20p goes we head to high 20’s low 30’s. Happy to put the 5 year chart in. It was not a normal option, if anyone knows the code to put it in I will.

[spellbrook] 19/4/2018 10:55

Mark 25p coming

Once it does i may have to request the 5 year chart in the header so we can see the "HUGE BOWL FORMATION" coming in to play

[mount teide] 19/4/2018 10:48

L2 - 4 mm's knocked off the top of the offer in one move

[spellbrook] 19/4/2018 10:41

do we now start to catch the attention of an Institution or 2

[mount teide] 19/4/2018 10:21

Beautiful chart - this and the POO is starting to draw in the momentum traders like mackerel to feathers.

[return_of_the_apeman] 19/4/2018 09:57

21p paid, blue sky now and breakout should renain intact

[return_of_the_apeman] 19/4/2018 09:50

Actual spread is currently 20.603 to sell and 20.697 to buy

Shouldnt take much for this to make good ground today :-)