Trinity Exploration & Pr... Share Discussion Threads

[hiraniha] 16/9/2019 05:30

I know a higher oil price is beneficial for the oilies, but doesn't SPT take away most of the advantages for the Trinidadian based explorers?I tries to understand the mitigation techniques mentioned by the chap in his presentation last week but admittedly, it was beyond me.

[otemple3] 16/9/2019 01:31

If this price move holds, I think we will roughly treble our free cash flow generation compared to yesterday! We'll be making so much they didn't even bother putting on the graph they produced last week. Just think how much could be re-invested in scada/ HAW and the subsequent dividends that could be paid......... My view on fair value has just moved up quite a few notches!

[imjustdandy] 16/9/2019 01:11

Crude up c15% already. Off to bed , see you all at 8am.

[mark10101] 15/9/2019 21:54

IJD, as a long term holder I think before last week and the presentations/ enlightenment on the HAW wells my view is TRIN should have been trading around 15-17p given the oil price. With The potential HAWS could deliver 20-23p, oil could give us a boost next week but not necessary.

[imjustdandy] 15/9/2019 21:18

Ebitda c$10m. Based on 5x ebitda plus cash this is worth a min of $68m or 57m GBP. 25p fair value before any oil price rise

[imjustdandy] 15/9/2019 21:05

Cash plus working capital surplus is $22m or £18m based on 1.2 exchange rate.

[spellbrook] 15/9/2019 20:01

8am on the bell tomorrow should see a nice return

[mark10101] 15/9/2019 17:19

Imjustdandy we have an enterprise value of £27m (this accounts for our £18m cash). Enterprise value is the fairest comparison to peers and TRIN compares very well!

[spellbrook] 15/9/2019 15:16

I personally thought Bruce came across very well in the various interviews and investor roadshows, dressed for the part and showed professionalism.

October’s update will be great imo

[imjustdandy] 15/9/2019 14:53

£20m cash and £27m mkt cap at current oil price.

[spellbrook] 15/9/2019 14:08

nafafa

You know TRIN


Great turn around
No debt
Cash In he bank
Punt of the week (money mail)
Saudi attack (oil to surge)

Trin probably end up down

Lol


TRINers will have there day again, great management , also budget soon ????

[nocents] 15/9/2019 13:41

Escalation with Iran almost inevitable now. Implications for Hormuz Straits and indeed whole of Middle East. Drones prob came from Iraq. Rhetoric from Saudi unlikely to be enough IMO. Bombs got through. Huge implications regardless of updating defences. Likely to see extended oil spike IMO as market tries to rationalize potential implications on supply. Market has been dominated by US paper traders and shale/inventories etc. shale total output from US is about same as has been knocked out for time being.
Will be hard to separate fact from rhetoric/bluster this week IMO.

[bountyhunter] 15/9/2019 13:36

Saudi attacks: Oil price to spike as production halves

[nafafa] 15/9/2019 13:25

Let’s not get too ahead of ourselves - after all this is Trin

After a sustained period of over production world infantry levels must be healthy. That may well mitigate the impact of any short term supply shock

[spellbrook] 15/9/2019 12:25

Reports that the country may take weeks to return to full oil supply capacity is set to send crude futures up by as much as $10 per barrel, analysts say, depending on the scale of the damage. Half the country's oil production was halted due to fire damage but is due to restart on Monday, Saudi energy ministry officials said in a statement.
"A small $2-$3 premium would emerge if the damage appears to be an issue that can be resolved quickly, and $10 if the damage to Aramco's facilities is significant leasing to prolonged supply outages," Ayham Kamel, practice head for the Middle East and North Africa at Eurasia group, said in a research note Sunday. That's up to 25 cents higher per gallon of gasoline.

[mark10101] 15/9/2019 12:04

F3, most of us long term holders had the chance to sell at 20p for a lot of last year, it will be a short term milestone but not what many of us have patiently waited for.

[spellbrook] 15/9/2019 11:01

Let’s get tweeting this company and get the message out there

Let LSE board know

Anyone getting in early o Monday should be regarded

Good luck Trinners

[f3rdinand] 15/9/2019 10:20

A perfect storm? Hugely undervalued oil stock gets tipped in the national press just as oil prices are set to soar! 20p minimum within a month is my prediction

[imjustdandy] 15/9/2019 08:22

This situation in Saudi Arabia is only going to benefit producers like Trinity. We could be closer to 20p than 10p sooner than we think

[imjustdandy] 15/9/2019 08:13

Trinity a fab investment regardless of situation in Saudi Arabia. However, 10 dollars a barrel more and this becomes stunning not fab.

[nocents] 14/9/2019 23:24

Either ( sorry!)

[nocents] 14/9/2019 23:24

I expect EIA will be told to lie about their inventories again. Just like last September. Not sure whether rig-count can be massaged. Am sure Trump will do all he can to deceive reality of oil supply demand imbalance. Hoping he will fail if he does. Short term spike imminent. Expect more arms sales to Saudi to bribe reserves.
Wither way...oil can only be traded purely in paper for so long. Like Trin’s valuation...reality eventually arrives.
Interesting week ahead?