Trinity Exploration & Pr... Share Discussion Threads

[shrewdmole] 19/6/2018 10:39

Any news from Agm?

[mount teide] 19/6/2018 00:52

The ongoing depletion of existing non-shale oil output is directly the result of a lack of investment in new projects over recent years - it will ultimately, i.e. within a couple of years, trump whatever production increases US shale and OPEC can come up with.

Even if non-shale oil sector investment surged from tomorrow, which it will not, it would take at least 3-5 years for the production benefits from such investment to be realised.

Major oil supply shortages and much higher oil prices over the coming years are unavoidable now, as are major copper market deficits and much higher copper prices for exactly the same reason.

[bones] 18/6/2018 13:48

Trend channel remains intact for those interested in these things. I'll call this illustration:

"The only way is up!"


free stock charts from uk.advfn.com

[bones] 18/6/2018 12:53

This is silly. Available at 21p so I've added a further 50k!

[bones] 18/6/2018 10:01

Likewise, just added 70k @ 21.3p ahead of AGM tomorrow. I was hoping to go but work commitments prevent this!

[mount teide] 18/6/2018 09:59

Added a further 60K @ 21.2p - huge over-reaction to what is a very small impact on TRIN's profitability between oil being at $70 and $64.

[whiskeyinthejar] 15/6/2018 09:37

I think there should be a bit more interest next week.

I noticed quite a few mini trades recently. So maybe less than 10 shares bought.

I assume this is at least partly to do with next weeks AGM and there's some institutions buying a few shares in order to attend. I think AGM being in London, rather than Edinburgh like last year, might also be in response to greater interest.

The trading update I think will come with a new presentation as well as update on usual stuff. Cash flow and debt repayments should be a highlight IMO with oil price doing better this year. Drilling is new in 2018 though and I think an update on strategy is due.

[marvelman] 14/6/2018 14:39

This is another instance I have noticed that when TXP has a sudden rise there is a sell off in TRIN

[spellbrook] 10/6/2018 18:20

Finance Minister reiterates ‘brighter day’ ahead for Trinidad and Tobago
CMC,
Added 08 June 2018

[oilandgas1] 10/6/2018 16:06

With the AgM in 19jun.. what can we expect

1. An update on production figure .. nearly 3000bopd?
2. Debt cleared off: CLNs paid off? 5p on SP?
3. An update on West Coast Assets ( I would prefer to keep them) sale 4.5m 264bopd ?
4.workover programme: The Company is planning to implement a further 14 RCPs and 93 workovers/reactivations this year

[fidra] 10/6/2018 11:14

Also the agm a week on Tuesday .I am expecting an update then on future plans.

[spellbrook] 09/6/2018 15:51

ready and waiting for the next leg up..

August will soon be upon us for the next batch of figures and debt repayment

[mark10101] 07/6/2018 22:11

Wow, this is very big. Makes sense why Trump rang opec asking for another 1 mbopd. That will only replace the oil lost in Venezuela recently.

“The problems for Venezuela continue to mount, and the news that it is considering force majeure points to a more catastrophic decline in production and exports. PDVSA "in the best case only has about 695,000 b/d of crude supply available for export in June," a marketing division executive within the company told Argus Media.”

[whiskeyinthejar] 07/6/2018 08:48

The London Stock Exchange Group Plc said it will resume trading shortly, after its opening auction was delayed in a rare outage for the stock market.

It’s set to commence trading at 9 a.m. U.K. time. A spokeswoman for the exchange on Thursday couldn’t immediately provide more information. The group operates one of Europe’s largest cash equity markets. The bourse’s main cash equity market and Alternative Investment Market are among those affected.

[mark10101] 06/6/2018 09:27

Phowdo, spot to on. Also interesting how WTI is where the price has fallen most, quite lucky really given this is what the US is most interested in....

[phowdo] 06/6/2018 09:21

This pullback playing perfectly into OPECs hands.
Why would OPEC increase production 5% only to see oil prices fall 20% - that makes no sense for a cartel. Spot prices falling gets Trump off their back and sets them up for increasing by say 300kbpd to cover some of Venezuela.

Look at the futures strip. Far end prices are not falling, only spot prices are coming off - the froth is coming off.

[mark10101] 06/6/2018 09:12

Trump looking desperate.... First he tweets the oil market is manipulated with high price and the world is awash with oil with tankers full of the stufff, now he rings OPEC and asks for another 1m bopd.

How the oil market has interpreted this as bearish is crazy....