Trinity Exploration & Pr... Share Discussion Threads

[spellbrook] 12/9/2018 06:56

The U.S. Energy Information Administration report on crude oil inventories is due to be released on Wednesday at 11:30a.m. EDT.

[spellbrook] 12/9/2018 06:55

Oil Prices Leap Higher After API Reports Huge Crude Draw

By Julianne Geiger - Sep 11, 2018, 3:55 PM CDT

[spellbrook] 12/9/2018 06:54

FFP

I know it was, but not for someone else, 500,000 @ 20p = £100,000

[ffp] 11/9/2018 22:34

Try my best...LOL!!

[spellbrook] 11/9/2018 22:00

FFP

Can you buy another 500,000 shares tomorrow

[spellbrook] 11/9/2018 21:39

You don’t purchase 500,000 shares and spend £100,000 just on a whim...

[makingmillions] 11/9/2018 17:56

Sorry that was directed to diseasx

[makingmillions] 11/9/2018 17:55

Sorry spellbrook. Was referring to the likelihood of being a director purchase.

[spellbrook] 11/9/2018 17:31

Why oil prices will not cool down, but only go up

[spellbrook] 11/9/2018 17:24

Hurricane Danger Lifts Oil Prices


By Irina Slav - Sep 11, 2018, 11:00 AM CDT




Hurricane Florence, which is moving towards the U.S. Gulf Coast, helped push prices higher today and will continue to act as a tailwind for West Texas Intermediate until at least Thursday, based on the latest updates from the National Hurricane Center.

The NHC said that the hurricane might strengthen further, reaching Category 5 before making landfall, and warned that “A life-threatening storm surge is likely along portions of the
coastlines of South Carolina, North Carolina, and Virginia, and a Storm Surge Watch will likely be issued for some of these areas by Tuesday morning.”

Another two storms are developing in the Atlantic—hurricane Helene and tropical storm Isaac—but are yet to make an entrance near the U.S. coast.

Last week, tropical storm Gordon shut in oil production amounting to 160,000 bpd for several days as it passed through the Gulf of Mexico. That represented about one-tenth of total oil production in the GOM.

Unlike the 2017 hurricane season that caused serious production outages in the Gulf of Mexico and at Gulf Coast refineries, this year’s hurricanes are thought to be fewer and weaker. Colorado State University recently revised its forecast for the number of named storms this season to 11 from 14, as per a Bloomberg report from July.
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Still, any hurricane approaching the U.S. coast will affect prices in the current supervolatile state of the market, with demand concerns adding to the already high geopolitical risk premium.

On the headwind side are the sanctions on Iran, which are scheduled to enter into effect in early November and are already pulling oil prices higher as market players continue to doubt that other producers’ capacity will be able to make up for all the lost supply from Iran.

On the other side, there are those who are worried that demand for crude may be approaching a seasonal slowdown after the end of summer driving season and the beginning of refinery maintenance season.

By Irina Slav for Oilprice.com

[diseasex] 11/9/2018 17:08

makingmillions if you are going short term then it might be.

[makingmillions] 11/9/2018 16:21

Is that likely in run up to results.?

[spellbrook] 11/9/2018 16:21

Plenty of confidence with that £100,000 purchase

[spellbrook] 11/9/2018 16:15

500,000 purchase @ 20p

Directors purchase ????

sneaky mm`s played it

[spellbrook] 11/9/2018 15:36

Trump's sanctions on Iran could push oil prices above $100 per barrel



If U.S. sanctions end up cutting off Iranian oil supply completely, oil prices will likely hit $100 per barrel, said Fereidun Fesharaki, founder and chairman of consultancy FACTS Global Energy.
What's currently holding back oil prices from moving higher is the ongoing trade friction between the U.S. and China, Fesharaki said.


Yen Nee Lee
Published 7 Hours Ago

[diseasex] 11/9/2018 13:23

No , I pushed the share price by talking

... :P

[dunderheed] 11/9/2018 13:19

mark, agree buddy.
Marvel, thanks for measured polite response plus thanks for probably pushing the share price up a little!!

EDIT: Oh christ - missed the round number post as well - reserved for pram and Saul Goodman.

[mark10101] 11/9/2018 12:50

On the move finally, such solid core value any of the T&T events will be a bonus.

[marvelman] 11/9/2018 12:49

Added 60,000 at 19.4 not showing yet

[marvelman] 11/9/2018 12:46

DH.....Yes qualified and the "business synergies" I referred to reflect mostly the value of the Acquisition premium calculation you refer to although individual circumstances may (and have)warranted further valuation.

[dunderheed] 11/9/2018 12:40

mark - I was expecting £75 mm now but probably going up to £90 mm plus when we get a better view of "soon to crystallise" projects?

[mark10101] 11/9/2018 12:38

Really just trying to add to the value case the cash now brings. In the summer we had an approx EV of £77m as our net debt was $0.1m and we reached a MCAP of £77m. I personally believe the recent updates and clearing of debt makes us much more attractive than when we were last at £77m MCAP. Current cash is hard to call and probably worth waiting for the update for but whichever metric used TRIN is attractive.