Trinity Exploration & Pr... Share Discussion Threads

[nocents] 31/10/2018 11:04

MT. Do you hold any Trinity shares?

[mount teide] 31/10/2018 10:36

11,000 share traded in the first three hours

L2: 1 v 3 / 15.0p v 16.0p

In this 24hrs new generating world Trinity's management style of keeping their cards very close to their chests and giving only irregular updates (albeit usually reasonably detailed) is not what the increasingly short term trading investment approach much of the small cap equity investment community now follows, wants or expects.

[talkman2] 31/10/2018 08:52

How can Angus Energy ( which produces a mere few hundred barrels per day )now have the same market cap as Trin which is producing 3,000 barrels a day , is debt free and has net cash of well over £10 million ? Go figure

That's is how insane this market currently is.

[marvelman] 31/10/2018 08:34

….thanks... and appreciation for your reply nocents

[mark10101] 31/10/2018 07:59

Markets looking happier, oil looking happier, let’s hope TRIN starts to look happier.

[nocents] 30/10/2018 22:16

MM. Ee. 250k buy. I can’t elucidate
There are confidentiality reasons. But I know of the buyer. .

[mark10101] 30/10/2018 16:57

Thanks Spellbrook, here is the image on twitter.

[spellbrook] 30/10/2018 16:22

Interesting tweet




theinvstr
‏

@theinvstr
25m25 minutes ago
More
With a position also now re-taken in #TRIN here are my thoughts on the state of play

[marvelman] 30/10/2018 14:33

nocents...why do you think the 250k was a buy rather than a sell?

[mark10101] 30/10/2018 14:21

Encouraging such large chunks are being mopped up without really impacting the share price. It seems someone is happy to have the chance at buying at the placing price in volume. It is healthy for TRIN to have cleansed itself at the placing price, it is a bit like a gap in chart where the price will head towards. with that behind us would be nice for some of these broker report price targets to been challenged!

[spellbrook] 30/10/2018 14:13

And theres todays 250k sell

[mark10101] 29/10/2018 15:29

MT absolutely, TRIN is in the driving seat for taking advantage but if the right opportunities arrive I am sure TXP will go to the market, as Paul suggested in the interview and try and partake. Just glad to have been through the pain of dilution already. Interesting times ahead for T&T.

[mount teide] 29/10/2018 15:12

In an interview Paul Baay gave today he mentioned that Petrotrin's E&P assets have been capital starved for "20 years" and that there could be some very interesting opportunities there next year.

If Petrotrin's 'management' of the Point Fortin refinery is a reliably guide ( the Union Representatives make Labour's Momentum thugs look to the right of New Labour), the Petrotrin E&P capital starved assets may offer some very interesting opportunities for both TRIN and TXP.

[nocents] 29/10/2018 13:22

250k is actually a buy. Believe it or not.

[mark10101] 29/10/2018 12:21

www.proactiveinvestors.co.uk/companies/stocktube/11019/touchstone-exploration-looks-ahead-to-game-changing-2019-plans-11019.html

Paul Baay interview, interesting bit about Petrotrin joint ventures, I know which company I would rather been in atm to take advantage of any Petrotrin restructuring. Not to say TXP don't have excellent prospects going forward (hoping to head off a MT deramp of TRIN). With TRINS debt paid off and already being capitalised there are no others better positioned.

[spellbrook] 29/10/2018 10:49

250k sell, someone still dumping

[mark10101] 29/10/2018 08:43

Core value way north of 20p, throw in some nice moves by Bruce and the recent buying opertunity will look like the others we have had over the last year. However this time with debt and financing dealt with a pull back of the size we have just seen may not present themselves again.

[imjustdandy] 29/10/2018 08:18

This pull back has been overdone . Should be way over 20p based on last update

[nocents] 28/10/2018 22:11

I give up spologising for i-typos.
I’ll just log out instead

[nocents] 28/10/2018 22:10

All a game. All games have a finite play period. Thisxwill come to an wnd at some stage....who knows when. Not soon ok I believe. But not soon enough.

[mark10101] 27/10/2018 23:28

We compete against these guys... How long can it continue? The good news is we can compete and in spades until reality returns.



Pioneer spent $1.36 billion in the second half of 2017 to increase its Permian shale oil production by 30,232 barrels per day (bopd) compared to $1.7 billion in the first half of 2018 which only resulted in an additional 10,832 bopd.

[nocents] 27/10/2018 10:19

Sorry..US . Typo

[nocents] 27/10/2018 10:19

Saudi’s oil offerings are barely enough to fulfil Iran’s sanctioned production. No spare capacity. Also depletes their own reserve back-up. And demand is much much higher than 2008. Especially for distillates which are under - supplied. US inventory was not all real...had 1.5 m artificially transferred. And winter is coming. More imprtantly I would not trust anything whatsoever about the Saudis one way or another. Whether Kashoggi or Yemen are proofs. They will say what suits them at that time. They are ( forgive me) over a barrel re. Kashoggi tapes in Turkey and US now. So they will probably say anything the IS want them to before mid-term election. Ultimately believe Assad/Khameini/Fahd/and western politicians at your peril. Politics is the art of deceipt.

[quemaster] 27/10/2018 02:24

The USA questioned the Saudi's ability to increase production significantly in 2008 after a request from G W Bush for an increase was declined, I'm sure we can take their word on reserves and spare capacity in 2018 even though nobody is allowed to check. :-)