Trinity Exploration & Pr... Share Discussion Threads

[fidra] 22/6/2018 12:00

A p/e of 3.02 and eps of 6.83p in the last year.

On a decent drilling programme 3 wells late this year or early next I can see the share being over a quid at this oil price in 24 months.

[fidra] 22/6/2018 12:00

I think the market would like an update on the plan and drilling.We are obviously debt free as cash in bank is above debt and cln redemptions which are the only outstanding issues really here.

I would also like to see the new tax regime put in place which could benefit the company.


Personally I would like to see some bank borrowings put in place to finance the drilling programmme which could be very lucrative for the company.

[phowdo] 22/6/2018 11:43

Look at the chart.
It rallies X amount.
It then retraces X/2 over several months.
Then it repeats.

Its close to that X/2 retrace now (around 20p, half of the 15p to 25p move)

[whiskeyinthejar] 22/6/2018 11:03

Im suprised there was no agm RNS update, as its the usual thing. I assume they had nothing material to say. Production steady, debt payments continuing to plan

But the last retrace was about 50% I calculate.

This time rise was roughly from 15p to 27 p= 12 p.

So 50% retrace is about 21p.

IMO you can't be exact about charting TRIN because of the spread and liquidity. But 21/20p seems like a likely bottom. 20p would be nice round bottom. Everyone likes a round bottom.

Next week after opec there should be more certainty in poo. There's either going to be small increase that everyone agrees on or a small increase that everyone except Iran agrees on. But Saudis always increase production in summer heat to feed demand for air conditioning.

[dunderheed] 22/6/2018 11:00

All very well, but wtf is happening to share price here, bloody frustrating!

[mount teide] 22/6/2018 10:54

Libya's National Oil Company has announced force majeure on crude oil loadings from its Ras Lanuf and Es Sider port terminals.

The NOC says the damage at its Ras Lanuf terminal is “catastrophic", after rebels took over control of the terminals and set three huge oil storage tanks on fire.

S&P Platts reports that the country’s oil production has been slashed from 950,000 bpd in May to less than half a million barrels in June.

Oil production in the Opec Nations of Venezuela, Libya, Syria, Angola and Iraq is certain to continue falling for months, possibly years, making the proposed increase in Opec production wanted by Saudia Arabia and Russia, likely at best to barely offset the rapidly falling output elsewhere across Opec.

The ageing infrastructure and lack of capital investment and maintenance over recent years at the oil production, storage and export faculties in many Opec Nations will make any turnaround of the current situation over the next few years extremely problematic at best.

[deeppockets] 22/6/2018 10:18

Seems mad that the Trin price is dropping when they have only put out good news recently. We need evidence that debt has gone and production still climbing.

[mount teide] 21/6/2018 11:38

According to Bloomberg, Goldman Sachs estimates that the OPEC+ group could only bring a maximum of 1.3 mb/d of output online over the next 12 months - OilPrice.com

'That would leave the oil market dangerously thin on spare capacity. “If we see any further disruptions in the market, OPEC will have used their supply bullets and find themselves short of spare capacity, setting the stage for much higher prices,” said Bastien Declercq, head of CSC Commodities.....

....The problem is that the disruptions seem to be multiplying. We have known for a while about the rapid declines in Venezuela, plus the market is already baking in some losses from Iran. But around 400,000 bpd just went offline in Libya because of militant attacks. The duration of the outage is still unknown, but it has yet to be priced into the market. If the disruption is sustained for a lengthy period of time, it would wipe out a significant portion of the increases that OPEC+ is considering.

Meanwhile, even as the additional supply satiates the market in the near-term, the reduction of spare capacity to historically low levels would only put more pressure on 2019 and beyond. “The reduction in spare capacity will trigger more volatility in oil prices,” Antoine Rostand, president of Paris-based oil data company Kayrros, told the Wall Street Journal. “Any disruptions such as Libya will push up spot prices immediately.”

The result could be a return to contango, in which near-term prices trade at a discount to longer-dated futures. “The lack of spare capacity could push oil into contango in the longer-term as contracts further out jump,” Richard Fullarton, founder of the hedge fund Matilda Capital Management Ltd., said in a Bloomberg interview. “Stronger demand and potentially higher costs of U.S. production may also support the curve.”

The Wall Street Journal reported that Saudi Arabia was shopping a 500,000-bpd increase to fellow OPEC members this week - barely be enough to offset the reduction in output expected in Venezuela between now and the end of 2018 - although, a figure likely to be accepted by most of Opec, who other than Russia have no spare capacity.

[otemple3] 21/6/2018 08:26

Ha ha ha! Brilliant bit of comedy to start the day....

[moneytree1] 21/6/2018 08:22

happy to have called this right.

may have helped some newbies. gl

[uapatel] 19/6/2018 22:13

rossannan,

Thanks, looking forward to some positive news then. Hopefully we might start seeing the share price move back up again soon. Also nice to see further confirmation that they are getting the debt and CLNs done this year too.

Good luck all holders

[lw425] 19/6/2018 19:54

I did not attend the AGM.

therefore may I ask, did Bruce mention the CLN's?

[astorcourt] 19/6/2018 17:48

Courtesy SR S69 on LSE

Went AGM earlier, only a few there, got to speak to all the board 1 on 1 over a coffee before and after, nothing new really, production circa 2800 bopd, more debt paid off, everything going to plan as far as I could see, Bruce did mention Perenco as a possible partner for TGAL project. And Bruce doing the rounds drumming up more interest, overall very confident

[uapatel] 19/6/2018 16:54

rossannan,

The Q1 update was on the 16th of April, so theoretically we should get an update 3months on, say Mid July?

[shrewdmole] 19/6/2018 13:40

General market is playing on aim.

There's real value here so ride it out and add if you can.

Must be due an update soon with debt lower and comments on cln and production.

S

[bones] 19/6/2018 13:11

BIGFELLA, it's all "what-ifs" of course but I would see holding above 20p (previous resistance) as a good sign, better than losing it to 19p, but ultimately we are all holding here on the fundamentals and the mid-30-40 targets that the brokers seem set on!

I doubled up at 21p yesterday, so I know where my money is :)

[sleveen] 19/6/2018 13:08

That's the theory, so about 19p?

[the big fella] 19/6/2018 12:43

Bones - so based on that chart we will eventually hit the bottom of the rising channel and that will be the time to load up so long as oil stays at these levels.