Trinity Exploration & Pr... Share Discussion Threads

[whiskeyinthejar] 08/5/2018 19:31

So there you go. Trump withdraws from nuke deal. Announces "maximum sanctions".

[whiskeyinthejar] 08/5/2018 19:03

Live Stream of Trump Iran deal announcement ...starting 7pm/soon.

[mark10101] 08/5/2018 10:15

There may be a decent pop soon, the chart looks fantastic.

[spellbrook] 08/5/2018 10:02

looking good

[mark10101] 08/5/2018 09:41

True WITJ, Venezuela is not resource based but politically based so take your point. Either way $70 oil may be a short lived range.

[whiskeyinthejar] 08/5/2018 09:14

Supply and demand is politics though Mark.

Iran has already been complaining that it cant export all the oil it's able to produce because of creaking infrastructure that they can't get upgraded because companies don't want to sign anything new with Iran now.

The difference is about 700k bopd IIRC, so just threat of sanctions is keeping that off the market.

[mark10101] 08/5/2018 08:57

Yes, it could get interesting tonight, can’t see how Trump can back away now. However like Ross I am quite happy for the supply and demand side of the equation to be the battle ground for oil, as I feel it is strongly in a favour now.

[whiskeyinthejar] 08/5/2018 08:54

There's a fair chance oil could jump tonight i think. Trump says on Twitter he's announcing decision on the Iran Deal today from the White House.

When Trump signed the waivers, he didnt make a big speech live on TV. Speech, means talking to his base, and he promised to exit Iran deal during campaign.

Lee Saks@Lee_Saks 4h4 hours ago
EU DIPLOMATS SAY THEY HAVE FAILED TO CONVINCE TRUMP ON #IRAN DEAL, SAY TRUMP EXPECTED TO WITHDRAW: NYT.

[shrewdmole] 08/5/2018 08:21

Shorecap on the bid so looking good

[wwick] 08/5/2018 08:14

A repeat of the last 3 weeks please TRIN 😀

[mark10101] 08/5/2018 07:53

With oil above $70, contra mascot MT1 posting we should have a strong start to the week.

[marvelman] 08/5/2018 07:39

For this money tree it appears to be forever autumn

[moneytree1] 08/5/2018 07:20

This doesn't matter. I believe you when you say TRIN goes up of oil goes up and Trin goes up if oil goes down.

[deeppockets] 08/5/2018 07:18

When's the update?

[whiskeyinthejar] 08/5/2018 02:04

Just for fun- comparison of Trinity, Genel and Soco.

Operationally this year, all three have been delivering to management guidance (no big surprises as far as Im aware).

But if Trinity had responded to oil price as well as Genel over last 3 months, it'd be at 35p, if it had Socos performance, we'd be on 15p:



All three are highly profitable and have low costs. All three are oil producers, with not much gas production. None of them have much exploration going on.


But Genel has significant debt and significant political risk, whereas Soco has no debt and little political risk.

Unsurprisingly, though, the difference I think is valuations. Soco,Trinity and Genel will all benefit from increased cashflow from rising oil. However IMO Genel and Trinity shares benefit more because rising oil is the catalyst for their value to be recognised. Soco PE is about 8, Genels is half that. And Socos license on its only producing asset runs out in 8 years so it's value is declining.

If Soco had took on debt and bought a production asset when oil was depressed I think it's share price would be doing better this year. Instead they are still looking, and if they want to buy Trinity or similar they'll have to pay rather more now than last year.

[spellbrook] 07/5/2018 20:09

Should have been debt soon to be paid off, as the growth story unfolds

[bones] 07/5/2018 14:53

Spellbrook, you say "no debt" but you really mean "no net debt" (debt less cash) so you can't say everything drops to the bottom line as TRIN still pays plenty of interest on the CLNs and the govt repayments.The strength we have is the strong oil price enabling good cash flows and therefore the ability to get these debts paid off, first to govt (hopefully cleared by autumn?) then, crucially, the CLNs.

[spellbrook] 07/5/2018 14:16

Bruce is on his yacht in Trinidad thinking those 35p options will buy me an even bigger yacht , lol

[spellbrook] 07/5/2018 14:13

Sitting in Lisbon airport oil looks perky, more TRIn $$$$$$$$$

[spellbrook] 07/5/2018 11:45

With TRINs low cost oil production we enjoy the fruits more than others and with no debt all going on the bottom line.....with such a great, conservative and knowledgeable bod we can enjoy riding this wave