Trinity Exploration & Pr... Share Discussion Threads

[diseasex] 03/9/2018 15:56

what 50k seller? You can't beat the market though

[spellbrook] 03/9/2018 15:37

Lovely volume

given the 50k seller a chance to keep off loading

[mark10101] 03/9/2018 15:11

Over 3M volume today, lets hope the article brings in a stream of new and solid investors, going to be an interesting run into Christmas.

[diseasex] 03/9/2018 14:02

can you tell them to shift it into 3 digits?

[dunderheed] 03/9/2018 13:52

Which will be likely toward end of September when I think excellent production profiles plus profits will be a coming?
Best of luck all.

[mirabeau] 03/9/2018 13:45

ST can shift a market mate. I can't think of anyone else who can do that. Maybe the SCSW and even its influence appears to have diminished somewhat. And of course he always updates in the future which provides a double boost when that update happens

[dunderheed] 03/9/2018 13:37

Mirabeau thanks very much for clarification.
I think we can assume recent upticks specifically related to the ST PDF issuance!?

Trin mgt issue positive RNS's - f all reaction.
ST from IC issues - nice spike lol!!

[diseasex] 03/9/2018 13:29

ladies and gents looks like we have an uptrend now. Hold now and wait...

[mirabeau] 03/9/2018 13:08

About an hour ago fella

In fact, it's not even an article it's a full blown PDF file with about 15 pages worth of analysis - I can't copy it over though - copyright etc - suffice to say it's very positive

And ST is very popular and keenly followed

The PDF's title is -

'Resurrection points to strong recovery'

[dunderheed] 03/9/2018 13:04

Thanks very much Mirabeau, when was that article issued please?

[mirabeau] 03/9/2018 12:49

Tipped by ST in the IC

[dunderheed] 03/9/2018 12:07

Aye aye bit of an uptick?

[spellbrook] 03/9/2018 12:06

Price Targets:
Whitman Howard 32p

[mark10101] 03/9/2018 11:33

Ah sorry, that requires a little more thought!

[diseasex] 03/9/2018 11:09

No Mark, I'm asking whether anyone have any estimates what numbers to expect and to compare against.

[mark10101] 03/9/2018 09:00

Hmmm, interesting MT. I wonder if there is a link to the pulled sale of TRINS West Coast assets. Interesting times ahead.

[mount teide] 03/9/2018 08:07

T&T PM Speech on restructuring of Petrotrin yesterday evening:

'As the com­pa­ny now fo­cus­es on sig­nif­i­cant ex­pan­sion of ex­plo­ration and pro­duc­tion ac­tiv­i­;ties, this will pos­i­tive­ly im­pact the com­mu­ni­ties of the south west­ern penin­su­la. It will be a sig­nif­i­cant re-in­vig­o­ra­tion of the oil econ­o­my in these ar­eas bring­ing much new or ex­pand­ed busi­ness not just for Petrotrin but op­por­tu­ni­ties for the many ser­vice com­pa­nies which will be as­so­ci­;at­ed with this new busi­ness mod­el.

In the com­ing weeks the Gov­ern­ment will take part in the an­nounce­ment and par­tic­i­pa­tion in at least two sig­nif­i­cant in­dus­tri­al projects in the south­west­ern penin­su­la. Ini­tia­tives like these will cer­tain­ly con­tribute to the new be­gin­ning that we are work­ing to­wards.

In­creased drilling and pro­duc­tion works, both on land and off­shore, are to be ex­pect­ed in the new busi­ness mod­el.

Trinidad and To­ba­go con­sumes less than 25,000 bar­rels of re­fined prod­ucts a day (gaso­line, diesel, jet fu­el, etc.). The de­tailed eco­nom­ic analy­ses have shown that it makes far more sense for us to ex­port the 40,000 bar­rels of oil that we cur­rent­ly pro­duce and im­port the fu­el we need. The com­pa­ny will now fo­cus on in­creas­ing the pro­duc­tion of bar­rels of oil and each bar­rel will be sold ex­ter­nal­ly on the open mar­ket.'

Incredibly, Petrotrin management have not been passing on to Government the taxes they collect from other oil production companies - they have been spending(wasting) it on their own massively loss making refinery business to keep the management and employee tax payer funded gravy train running !

[mark10101] 02/9/2018 22:53

It was 25th Sept last year so I would expect around then.

[diseasex] 02/9/2018 22:37

Any educated predictions as to half year results coming ?

[mark10101] 02/9/2018 16:30

The PM addresses the T&T nation tonight 7:30 PM their time. With Petrotrin's restructuring underway it clears the way for fiscal reform.

PWC was comisioned in April to produce a report on the proposals and it was said it was going to be released in the summer. I suspect like all things government related things are taking more time than planned, but things feel iminent now.

[mark10101] 02/9/2018 16:18

SB, where was that from? I agree though. I am looking forward for the funding being put into context given the opertunities T&T may offer a debt free loyal T&T company that has spent the last 4 years dealing with historical debt derived from a poorly constructed fiscal reigime.

[spellbrook] 02/9/2018 09:12

Whitman’s top pick (M&A and new licence awards ????)


Trinity Exploration #TRIN $TRIN named a top pick by Whitman Howard, highlighting re-rating opportunities: i) A revised FDP for East Galeota ii) Possible SPT reform iii) quarterly production updates iv) M&A and new licence awards v) sale of WC assets vi) reserves upgrades

[marvelman] 02/9/2018 09:06

That last paragraph is most intriguing...and here we are in September.