Trinity Exploration & Pr... Share Discussion Threads

[lexus880] 30/1/2019 15:27

its really not like is it??

[mark10101] 30/1/2019 10:31

Oil perfectly poised for the next leg up from a technical point of view, throw in some positive fundamentals the traders can latch onto and I expect the rise in February to be as steep as the decline in November.

[spellbrook] 30/1/2019 10:08

Malcys words

Oil price
Oil rallied yesterday, trade talks between the USA and China resume today amid a growing feeling that something may be done, indeed Mnuchin actually said ‘anything is possible’. On the Venezuela front the increased sanctions on PDVSA will do harm and also to US refiners who are dependent on whatever crude that they can get from the country.

Finally the weather is very cold in the US and expect to see some alteration in product levels, the API stats showed a much smaller crude build than expected but also modest increases in gasoline and distillates. EIA numbers tonight will firm up the situation.

[spellbrook] 29/1/2019 22:37

The American Petroleum Institute (API) reported a crude oil inventory build of 2.098 million barrels for the week ending Jan 25, compared to analyst expectations that we would see a much larger buildup in crude oil inventories to the tune of 7.97 million barrels.

[mark10101] 29/1/2019 14:39

Nice retest of $60 brent yesterday hopefully clears the way for the next leg up in oil.

[nocents] 26/1/2019 19:37

Never said otherwise. Don’t think Trump is only one with issues evidently.
My comment was perfectly valid and referred to the artificially induced oil-glut in October. Problem with that?

[lexus880] 26/1/2019 13:50

nocents: Predictable. Trump dug own grave.

explain?

Unlike all politicians, the elected President of the USA has and is still attempting to fulfill his election promise to the people that voted for him, just like this Country the establishment(deep throat)(the swamp) do not want to allow the will of the people to materialize as far as the establishment are concerned the people are dump, uneducated, foolish, not capable of making important decisions do not know what they are voting for. The UK has its own swamp of underworked, under committed overpaid politicians and bureaucrats.

[spellbrook] 26/1/2019 07:54

The old chestnut

When, if , maybe

[mark10101] 25/1/2019 09:09

$90 WTI coming before the end of the year IMHO

"It’s Terrible Out There": Lack Of Greater Shale Fools Leaves Private Equity In A Bidless Panic

[nocents] 25/1/2019 08:26

Predictable. Trump dug own grave.

[nocents] 24/1/2019 16:02

Well said Mark. My post was a response to the ridiculous undervaluation. It was almost a clarion-call to investors to realize that when Trin is properly valued it will happen violently and will be too late to buy cheap then.
When Trin rises it flies. Miss the boat and you’re stuck.
That’s why I am here . 5 yrs has taught me much too.
Buy when cheap and unloved....not after the party. And buy well-run companies with good balance sheests and prospects. Then let the market do what it does. Arrival after the revaluation is pointless. DYOR and then carpe cheap while u can (Romans didn’t have shares)

[mark10101] 24/1/2019 10:18

I personally think the Dec 24th was the TEST for long term holders. A flush out like that clears the way for much higher prices. Today may be the last day you can buy around the placing price. By summer we may be challenging some of those broker targets and looking back at those December lows.

As I have always stated I am holding for a day where new investors get carried away with TRINS true potential. I have always seen that as a price north of £150m MCAP. Remember we were at £160M MCAP with 3800bopd production and $40m of debt after a failed drill. We are in far better shape now. Granted WTI was nearly twice the current level but I have a view that will come this year also. The Saudis cut more than needed. They only needed to wind back what was pushed onto the market pre Iran sanctions waiver. They went much deeper as they wanted to adjust the market quicker.

Hang in there Nocents, as BH states investors would be hard pushed to find a small cap oiler better positioned.

[nocents] 24/1/2019 09:41

It is my wholly unsubstantiated conspiracy theory that the market would like us to sell out shares at rock-bottom prices. Hence long drawn-out undervaluation. Moon-landing comes next. So I may be wrong. But the behaviour of Trin over the years is often not just based on buy/ sell trades or volume or WTI ( which do affect share price of course).
But we long-termers know that rocketing share price is often wholly random and when the market makers choose to for their own reasons.
Might very partially explain undervaluation. Well-known market ploy that goes back to Great Depression and is one of many strategies. Bore us into selling!

[bountyhunter] 24/1/2019 08:24

Market cap of this company seems very low cf fundamentals and prospects to grow production.

[bountyhunter] 24/1/2019 08:22

Certainly this is one of only a few small cap O&G companies in that position. Market cap seems ridiculously low vs fundamentals!

[spellbrook] 24/1/2019 07:34

2019


Bruce Dingwall Trinity Exploration #TRIN Executive Chairman: We are in an extremely strong position entering 2019 with increasing levels of profitable production, healthy cash balance, no debt, strong cash flow generation and a portfolio operating break-even of below US$30/bbl

[spellbrook] 23/1/2019 22:37

BP Remains Bullish On Oil Demand Growth
By Irina Slav - Jan 23, 2019, 4:00 PM CST
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BP Dudley

Crude oil demand this year will grow by 1.4 million bpd, BP has estimated, despite growing worry about where the global economy is headed, which would affect demand for the most traded commodity in the world.

“We’re not actually seeing this worrying thought that it’s all going to start falling,” chief executive Robert Dudley told CNBC in an interview on the sidelines of the World Economic Forum in Davos.

With this, Dudley echoed the International Energy Agency’s Fatih Birol, who, at a panel discussion during the forum said the IEA projected crude oil growth at 1.3 million bpd this year, despite the expectations of a global economic slowdown.

Yet BP is more optimistic than the IEA about oil demand: in 2018, the daily growth rate was 1.3 million bpd, meaning this year it will intensify. That will come alongside an almost 3-percent growth in the U.S. economy and a 3-percent growth in the global economy.

However, other institutions don’t seem to agree with BP’s outlook. Earlier this week, the International Monetary Fund revised downwards its projection for the global economy by 0.2 percentage points to 3.5 percent this year, which is higher than BP’s estimate but still a downward revision, whose significance was immediately evident as crude oil benchmarks slumped yesterday.

What’s more, the U.S. Federal Reserve cut its own outlook for the world’s largest economy—and largest oil consumer—to 2.3 percent from 2.5 percent. Further, China’s economy grew at the slowest pace since 1990 last year, although the rate of growth itself, at 6 percent, was pretty high compared to developed economies. Still, BP is upbeat, as is the International Energy Agency.
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“Cars are not the driver of oil demand growth. Full stop,” Birol said. The drivers of oil demand growth are trucks, the petrochemical industry, and planes, with Asia just starting to fly, the IEA’s head said during the panel.
Related: Private Investment In Natural Resources Hits Record High

“We certainly don’t see it yet in the numbers,” Dudley told CNBC when asked about the difference between BP’s outlook and that of the IMF and other agencies. However, the BP chief executive admits there are headwinds.

The strongest one is Washington’s sanction war on Iran. If it pulls out the waivers it granted to eight importers of Iranian oil, prices could jump a lot higher than they are now, which would in turn affect demand in a pretty negative way. If the waivers are extended, prices will be a lot more stable.

In what was perhaps a disheartening statement for OPEC producers, Dudley also said, “The world probably needs a fairway for oil prices, and somewhere between $50 and $65 seems to be a fairway for producers and consuming countries.”

In fact, few OPEC producers would be happy with prices at US$65, but if Dudley and BP are right, this is the price range they should expect this year. Of course, disruptions are always a possibility, especially in Libya and Nigeria, so talking about any sort of price stability on oil markets would be premature. Interestingly enough, it is OPEC that has the lowest demand growth outlook for oil: the cartel earlier this month said it expected it at 1.3 million bpd, still a strong rate, though lower than BP’s and the IEA’s figures.

By Irina Slav for Oilprice.com

[nocents] 23/1/2019 20:54

Typos :-(. Apologies

[nocents] 23/1/2019 20:53

hxxps://oilprice.com/Energy/Crude-Oil/Indias-Crude-Demand-Growth-Shows-No-Sign-Of-Slowing.html

Consumes more than China.
No sign of slowdown.

Bit like tge shale issues....rarely mentioned but crucial in order to see 2020 clearly.
Oil press is sadly inconsistent and conflicting.
DArticle earlier on shale shows reduction and serious growth issues.
This article underpins the consistency of world demand. It’s not all about China.
Why should we not be slighy more bullish on oil !

[nocents] 23/1/2019 20:03

In that case-fair enough!

[ffp] 23/1/2019 18:40

All the more for us... He He

[nocents] 23/1/2019 18:21

Absolutely yeh. I just wonder why you want them to.

[ffp] 23/1/2019 17:54

Let em sell..

[nocents] 23/1/2019 17:43

SP. You picked outthe “all you need to know to make Trin worth buying” bits!
I just can’t believe we are at this share price and agree with Mark that 37p is not far-fetched and with Mesquida that anyone thinking of selling should think twice after reading it.