Trinity Exploration & Pr... Share Discussion Threads

[nocents] 14/10/2019 21:04

Thank you gentlemen. Good to hear your positions and info.
From where I stand there are certain issues which have been highlighted of late
( MD remuneration/lack of respect for the way AIM works/ spasmodic PR/ lack of dividend/ vacuum of communication and support for common shareholders).
But we are where we are.
A few very decent investors exited.
But we have positive events on tge horizon exactly as you say.
There are things I have and do not approve of ....some of the aforementioned. But with a govt. as blinkered as this there are other independents I would be more worried about being in.
I do hope you are still invested MM. I think our time will come.

[wwick] 14/10/2019 17:51

Results and then conferences:
Shares Conference on 23 October
121 Oil & Gas conference on 28-29 October
Shares Conference in Edinburgh on 14 November
ShareSoc event in Manchester on 19 November

[oilinvestoral] 14/10/2019 13:20

Q3 results are expected this week I believe... they were 13th October & 17th October in the past 2 years ... so fingers crossed!

[oilinvestoral] 14/10/2019 13:12

I'm still fully invested following recent top ups. Haven't been frequenting this discussion board over past few days. Just a matter of waiting & seeing what HAW & quarterly results say. If good we should be back on track ...

[nocents] 14/10/2019 10:10

I was referring to long-standing reliable contributors here. Seems a few have exited. I will just be a bore ( no confirmation needed please ) if I warble on here too much.
This ought to be a place of debate.

[wwick] 14/10/2019 08:38

Don't 'wonder' plenty of RNS info on buys

[nocents] 14/10/2019 08:24

Wonder who is still holding.

[nocents] 13/10/2019 21:51

Wwick. Many thanks.
All of the taxes and credits inc capex offsets are so confusing ( to me). Any positivity appreciated.
The sell-off was fairly substantial yet progress seems steady at the helm. Controlling what you can.
Methinks oil is out of favour certainly.
Sentiment in itself is a curiously fickle thing.
Here’s to better days.
Interested in as many further views as are sensible.......

[wwick] 13/10/2019 20:56

Growth in the adjusted EBITDA after SPT and PT is reassuring. Looking back from the recent interim this was:
2017 full year $10.6M
2018 H1 $5.4M
2018 full year $12.8M
2019 H1 $6.5
This is exponential earnings growth ahead of capex, being the reason Jeremy and Bruce refer to free cash flow. They are implementing measures to accelerate this trend (HAW & Weatherford)

[wwick] 13/10/2019 20:45

September interim presentation is solid

[nocents] 13/10/2019 20:11

Back to pouring rain in the homeland. More bearable than Luton airport.
Speaking of poiring rain...who is still on board?
Many/most abandoned ship I hear.
Not necessarily the case (certainly SPT is a given as I have always always said from day one)....but sometimes darkest hours come before dawn.
It would be uplifting to get some of that positivity which appeared 3 weeks ago. Financial impact of budget “ not material” we hear.
BD’s pay packet was certainly inappropriate and shows insensitivity we hear also. All the more reason to reward remaining shareholders..either with dividend or HAW news. AIM needs feeding. Value investors are a rarity in a fickle market.
Any thoughts from anyone left on board? Genuine positivity after an ignorant and pointless move from an ignorant regime? Malcy fwiw not bothered. Oil likely to rebound as trade wars deescalate. Trump needs to in order to save own skin.

[nocents] 12/10/2019 19:11

Thanks mate
On plane now.
Appreciate

[eggchaser] 12/10/2019 09:21

Glad you approve! Safe trip back from Poland!

[nocents] 11/10/2019 21:50

Well Egg. Not a bad post after all that .

[nocents] 11/10/2019 21:30

I shouldvprobably expect a sarcastic/aggressive response (sigh)

[mark10101] 11/10/2019 21:22

Malcy's from today.

hxxps://www.malcysblog.com/2019/10/oil-price-amerisur-trinity-jog-reabold-zenith-bpc-and-finally/

Trinity Exploration & Production
Trinity are updating on the T&T budget statement this morning where the Government gives and takes away, overall it is slightly negative. In SPT an increase in the ITC to 25% helps capex to offset SPT whereas changes in capital allowances to a straight line basis are mildly unhelpful as is the PPT relief reduction from 100% to 75% is also a small negative.

Whilst the sum of these things are basically neither here nor there is must have the possible bonus of making the Government realise quite how radical changes to the tax regime are necessary. Elsewhere business at TRIN appears to be going very well where they are controlling what they can and not those things they can’t. These include a couple of recent shares sales which have hindered any positive news. I remain confident that Trinity will in due course get much closer to the valuation it deserves.

[mark10101] 11/10/2019 20:05

Egg, you come and on this boards so you have clearly been able to observe what a share price does when management neglect the retail investor (assuming they will behave like an institution in a FTSE 250 company), that are honest to a fault that during my 4 years of holding has almost felt vindictive in the way they present their news releases and failing to see the impact on the share price. TRIN is a company with vast reserves (700mb STOIIP for Galeota, 98mb STOIIP for TGAL and the prolific onshore assets) that is restricted by the awful fiscal regime ALL T&T operators have to cope with. We have 3000bopd production and £18m in the bank and a MCAP of £37m.

CERP has 500bopd production, $500k of debt and just announced the long awaited acquisition with a STOIIP of 20mb. They have strung investors along with water flood stories, co2 stories and new exploration that never seems to come to fruition and have a colossal (relative to TRIN on a fundamental basis) MCAP of £33m!

Do you not see that Ross may have a point?

[gabrieloak] 11/10/2019 18:25

Ross...I might be reading this wrong but I am getting the impression/sense this chap doesn't like you very much...

[eggchaser] 11/10/2019 16:36

Then you have some idea of how CERP holders feel with contradictions, unregulated financial advice, constant bashing of a share he/she or more fittingly it, does not either like/trust or are invested in. All from the comparative safety of its bedsit!FWIW we follow this share and might well take a position IF the share price drops and it might not but I won't be bashing it to gain that entry point!

[gabrieloak] 11/10/2019 15:58

Errr eggchaser, on the one hand you taunt Ross about taking some medicine from my posts and then within an hour, you accuse me of being Ross, thereby nullifying your first post as it is hardly a taunt for Ross to give himself his own medicine...finally referring to yourself in the 3rd person (as our only interest here is the charlatan Dross) you imply the very thing you accuse me of: multiple posting disorder.

I think it is probably best you toodlepip off as you are wrecking our postings versus facts ratio...something that we are MOST proud of (not)

[eggchaser] 11/10/2019 15:37

As for your Gulp posts - we see the city take a different view but it would be wrong to add further comment as our only interest here is the charlatan DROSS.Toodlepip !