Trinity Exploration & Pr... Share Discussion Threads

[nocents] 19/1/2019 10:56

Yes I noticed rig count. 53 dollars is only breakeven for most shale and that is assuming tier 2 and 3 strata are not more expensive than the easy tier one drills in a well!
Winter means heavier inventory draws. Very cold in central and midwest ( down to -28 atm). NY cold too. Distillates up but that was on previous cheap Xmas oil. Trump will prob backtrack on Iran and allow exemptions but Opec et al are determined.Rightly so. If we get near-term shale-fail that should support WTI. Longer term shale is controversial..some analysts supporting growth and some not.
Next 6 months should see WTI rally to $60. Many banks see sixties as 2019 average.
Much rests on demand in China. India is curiously ignored and is “ the new China” re. demand allegedly.
All controversial and short-term media as usual!
Well done to all those still in Trin and newcomers. We are sound and will recover well enough. Opec production results 12th Feb will be interesting. Media coverage promised before FY results April.
Still so cheap to buy in the fourteens! Giveaway. Brokers’ 6 months targets remain at 38p !!

[quemaster] 19/1/2019 01:50

Can't see shale production increasing much after the latest rig count figures,

"Drillers pulled 21 oil rigs from U.S. fields last week, bringing the national rig count to 852, the lowest since last May."

[nocents] 18/1/2019 22:46

Last article very interesting. Shows oil is on a dynamic changing path. Demand could rocket....and decaying demand in China helps no-one. Not even Trump who may be instigating it. Oil ( WTI) could easily be back in the sixtirs very soon.

[mark10101] 18/1/2019 15:47

WTI punching on, hang in their Nocents. With stronger oil and TRINS performance demonstrated in this weeks update buying strength will come.

[nocents] 18/1/2019 10:22

Mark. Exactly. Orchestrated shakeout and mm’s wanting cheap shares before elevating price.
I bought back in too early but profoundly believe that this buy price at 14.7.. is still a total steal for new investors. Trin will be picking up PR and buying volume sure to happen.
Profit taking shakes out cheap buyers from 12-13 p and allows us to re-set. A normal orchestrated drop which panics some into selling. Thus allowing new or old investors to buy at ridiculously cheap price.

[mark10101] 18/1/2019 09:25

with that update buying will come but who can blame anyone watching letting the MM drop TRIN 15% on ridiculously low volume before buying....

[lexus880] 18/1/2019 09:25

This is painful to watch, reminds me of FTO I held for years full of promise, in the end, the BOD brought out for a song and I know others just the same.

[ffp] 17/1/2019 22:52

Time for bed

[nocents] 17/1/2019 22:48

I get that!

[ffp] 17/1/2019 19:42

No we are just bored!!

[nocents] 17/1/2019 19:17

What no comments at all or has my website frozen??

[spellbrook] 16/1/2019 17:22

438,265 sell imo

[spellbrook] 16/1/2019 09:56

nice to see some leaving us and some joining us this morning

When you look at the base production chart at the top of this thread you can see how
Trinity Exploration & Production are achieving projections with more to come

[spellbrook] 16/1/2019 07:46

Oil Markets Could See Deficit In 2019



By Nick Cunningham - Jan 15, 2019, 6:00 PM


The oil supply surplus is “starting to reverse,” according to a new report from Bank of America Merrill Lynch.

The investment bank noted that oil prices had collapsed in late 2018 not only because of an oversupply problem, but also because of other “non-fundamental factors,” including the selloff of long positions by hedge funds and other market managers, as well as by fear and uncertainty in broader financial markets. Still, the bottom line was that the oil market saw a glut once again emerge in the fourth quarter.

However, “now the 1.3mn b/d surplus in 4Q18 is starting to reverse,” Bank of America Merrill Lynch analysts wrote in a January 10 note. In fact, the bank says that the OPEC+ cuts could translate into a “slight deficit” for 2019. “With investor positioning reflecting a bearish set-up, Brent prices have already bounced back above $60/bbl, and we retain our $70/bbl average forecast for 2019,” BofAML wrote.

Oil price forecasts vary quite a bit, but a dozen or so investment banks largely agree that the selloff in late December, which pushed Brent down to $50 per barrel, had gone too far. BofAML is betting that Brent rises back to $70 per barrel.

However, the investment bank issued a rather significant caveat. This assessment is based on the assumption that the global economy does not take a turn for the worse. BofAML analysts said that Brent could plunge as low as $35 per barrel if global GDP growth slows from 3.5 percent to 2 percent.

At this point, it is anybody’s guess if the global economy slows by that much, but there is a growing number of indicators that at least suggests such a deceleration is possible. The recent data from China showing a shocking slowdown in both imports and exports is discouraging. Exports fell 4.4 percent in December from a year earlier, while imports crashed by 7.6 percent, suggesting that the world’s second largest economy is starting to weaken a bit.

[nocents] 15/1/2019 23:09

Malcy. Cenkos. Cantor Fitzgerald. Investors Chronicle. All say the same thing. Most undervalued share on Cenkos’ books !! Deeply undervaluedaccording to Malcy and Cenkos today and yesterday. CF target 38p. If it hadn’t been for the manipulated oil slump we would probably be close right now.
Buy when cheap.

[talkman2] 15/1/2019 22:31

Trin still crazily cheap . Surprised it’s not significantly re -rating

[nocents] 15/1/2019 22:29

They just can’t agree can they. API/EIA. What’s the point?

[spellbrook] 15/1/2019 22:20

Oil Prices Stabilize After API Reports Minor Crude Draw




By Julianne Geiger - Jan 15, 2019, 4:14 PM CST


The American Petroleum Institute (API) reported a crude oil inventory draw of 650,000 barrels for the week ending Jan 11, compared to analyst expectations that we would see a draw in crude oil inventories of at least 2.5 million barrels.

Last week, the API reported a surprise crude draw of 6.127 million barrels. A day later, the EIA showed that inventories had drawn down 1.7 million barrels from the previous week.

Leading up to today’s data release from the API, crude oil prices were trading up on the day after a rough start to the week, as traders strengthening faith in OPEC and its allies that it will do whatever it takes to keep the markets balanced, and in a de-escalation of the trade war between China and the United States.

At 1:41pm EST on Tuesday, WTI was trading up on the day $1.32 (+2.61%) per barrel at $51.83—a rise of more than $2 since the last API report. Brent crude was trading up $1.33 (+2.25%) at $60.32—a near $2 increase from this time last week.

Inventories in the Cushing, Oklahoma facility this week fell by 796,000 barrels.

The API this week reported another large build in gasoline inventories for week ending January 11 in the amount of 5.99 million barrels.

US crude oil production as estimated by the Energy Information Administration showed that production for the week ending January 4—the latest information available--stayed at 11.7 million bpd for the third week in a row.

Distillate inventories increased this week by 3.214 million barrels, much less than last week’s 10+ million barrels build

The U.S. Energy Information Administration report on crude oil inventories is due to be released on Wednesday at 10:30a.m. EST.

By 5:11pm CST, WTI was trading up at $52.07 and Brent was trading up at $60.60.

[nocents] 15/1/2019 21:21

Cookie. You hit nail on the head. RRL is struggling. TXP shout loud but have debt to service. Cerp is a mix. There are other small companies. And There is a consistent bid round for both on and offshore well licences. Those with cash can buy outright and not owe govt. Govt already blocked RRL’s acquisition of Trin west coast asset due to debt. Yes that is the exciting statement.
Investors who don’t get in at tgis price gonna lose out. But that’s their issue. Trin has places to go whether looking at charts or fundamentals or assets. NO DEBT . HIGH CASH RESERVE. Use that cash...on acquisition /partering new drilling/Offshore TGAL devt....... what’s more...tge govt. owes Trin this time . ( $5.1m)
Turnaround.
Malcy’s always bullish about Trin.
But he’s npt wrong. Especially now. BUY