Trinity Exploration & Pr... Share Discussion Threads

[seagreen] 26/11/2019 07:53

Cash fl0w p0sitive but they make a l0ss ....they need t0 make pr0fits fwiw

[flawlesskicks] 26/11/2019 06:10

Exceptional. That's all I can say! Targeting off-shore 40million barrels of proven 2C!


//www.proactiveinvestors.co.uk/companies/news/902478/trinity-exploration-cashflow-positive-debt-free-and-growing-its-production-base-902478.html

[flawlesskicks] 26/11/2019 05:42

nocents - AIM has a way of stretching patience as far as it will go and normally, a years worth of losses end up being made back in a few hours in a huge reversal. Just the way it works - especially oil and gas with few shares in circulation.

It really could be an exceptional couple of years at TRIN as they move forward. I can't wait to see what they are going to do with all that cash!

[flawlesskicks] 26/11/2019 05:42

nocents - AIM has a way of stretching patience as far as it will go and normally, a years worth of losses end up being made back in a few hours in a huge reversal. Just the way it works - especially oil and gas with few shares in circulation.

It really could be an exceptional couple of years at TRIN as they move forward. I can't wait to see what they are going to do with all that cash!

[flawlesskicks] 26/11/2019 05:15

Glad to be in here. Ramping up to 3400bopd by end of the year - 7000bopd target within 2 years. $22million in the bank with breakeven of $26 and a market cap of £34million! Must be valued well below NAV currently with a load of cash to deploy.

I watched the last few presentations and Clayton made it clear that Management are aligned with shareholders and looking to offer a dividend or buyback or to ramp up production with the additional cash reserves.

I personally think they should use the cash to get the off-shore oil flowing more quickly. Grow the base and increase the NAV further is my view!

Of course, I wouldn't say no to a dividend!

[nocents] 25/11/2019 21:51

I like your logic FK. Yes indeed . It has become very trendy to be ecological. It was just as important 5 years ago when it wasn’t trendy. Or even a year ago ehen it wasn’t trendy. The priority should indeed be on animal life if global warming is real.Deforestation led to floods and terrible dearhs but it never got trendy. Ww do have a true solid responsibility to our environment but it has to be done intelligently. Plastics are marine -killers but we hear of little being done. Walmart doesn’t think so. Sorry..wittering now. We need alternatives but oil rins tge global economy and has many many decades left. A higher price would indeed serve the ecology well. Piecemeal social engineering ( the philosopher Karl Popper) is the only way. Until the trend becomes truly established and GDP’s don’t depend on it (!!) then fossil fuels will remain. More immediate damage is done by deforesting the Amazon and by plastic bags.And gas guzzlers in US and industry in China. Neither give a hoot about the environment and just care about cheap oil.
Yes we rely on oil.
I am deeply unhappy -like Princebuster-about Trin’s shareprice. It has profound effects upon me+ family. But Trin is extraordinarily well positioned and “poised” even if the share price is ridiculous. What a bloody opportunity to buy at this level. Kickbin teeth for long term holders but what a gift to newbies.
Good luck to you.

[flawlesskicks] 25/11/2019 19:09

The world will always need oil. Trin seem well positioned to succeed even in the current environment with a breakeven of $26 a barrel. Really seems a steal to buy them at the current price!

[p5tvr] 25/11/2019 19:00

All those previous cycles are useless now since Extinction Rebellion have put their 2p worth about Climate Change on everybody's minds.

[nocents] 25/11/2019 18:51

Your research is not wrong.

[flawlesskicks] 25/11/2019 18:44

As far as I can tell, trin should be trading at multiples of the current share price. Nice to see them targeting 7000bopd over the next couple of years.

[oilinvestoral] 25/11/2019 18:29

No TR-1s to indicate seller. Must be someone with a holding below 3% is my guess

[flawlesskicks] 25/11/2019 15:34

oilinvestor - I've been researching Trin today and decided to take a position. Do we know who has been selling and why? Seems like all going very well for the company at the moment?

[oilinvestoral] 25/11/2019 14:54

Seller that was flooding 100k Shares now gone ... any buying pressure should see this motoring higher

[flawlesskicks] 25/11/2019 14:51

Just bought £10k worth...9p seems a great price!

[nocents] 25/11/2019 14:02

As a student of the oil cycle since early ( electricity cut!) Seventies..I agree. We never saw the bear market of 2014/5 become a real bull market as previous cycles (3-6yrs) had done.
In essence we are still in a bear phase. It has just persisted from 2014. A few spikes.
Essentially the drop in Trin pr se is due to investor disenchantment through being treated as dispensable. Sadly it seems still true. Prince was not wrong...just no point in hammering the abysmally negative time after time. I don’t blame him. Maybe he was the seller just now.
I agree with your cycle analysis re. oil.
On a personal basis I feel that investor disenchantment was ( and is) totally avoidable.
Common peoples’ lives ( yes the Proletariat with a bit of spare cash making no onterest) seriuosly affected unnecessarily.
Great company. Appalling respect for the common investor.
This has allowed the present formidable buying opportunity..sells or not.

[mount teide] 25/11/2019 13:33

nocents - On electing to sell down my original position at cost(16.5p) in H2/2018 after frustratingly seeing £130k of paper profit disappear like morning mist, I did not expect - based on the fundamentals - to then see the share price drop much, if at all, below the 15p placing price.

Just believed, I'd found a better place at the time - based on industry knowledge of the likely impact of the low sulphur IMO 2020 Shipping regs on heavy sweet crude oil pricing and to a lesser extent that of ultra low sulphur light sweet crude - for the funds than TRIN at circa 16.5p at that time.

With regard to the impact of IMO 2020, many got it completely wrong - Aussie mid cap Santos Oil sold the mid/late life Australian Stag field which produces heavy sweet crude to JSE for a totally ridiculous $10m in late 2016(after a $50m deal with a SE Asian O&G company fell through). Today, the asset is generating circa $17m a quarter operating cash flow helped by the sales pricing of its production moving from an historic $3-5 discount to Brent to a $14-17 premium as a result of the IMO 2020 regs.

However, considering the quality of Trin's fundamentals at circa 9p valuation, an opportunity to rebuild a decent position here too at that price was simply too compelling to refuse.

I've increased my exposure to O&G equities over the last 6 months by adding positions in PTAL and now TRIN since long history shows that when the valuation of the O&G sector as a percentage of the S&P 500 is at a multi decade low, it has a near perfect track record of materially outperforming the rest of the market over a 3 year outlook

AIMHO/DYOR

[spellbrook] 25/11/2019 13:07

Sellers still about

[mark10101] 25/11/2019 13:06

Totally agree Nocents, you have to look at TRIN as it stands now with all we know about T&T fiscal regime and TRIN fundamentals and assess if 9P represents value. With the right moves but the company, I like MT can see multiples from here.

[nocents] 25/11/2019 12:39

If you feel no hope you should not still be holding.
I am on a 70% gigantic loss.
Regardless of your loss you should sell and be done.
Let him throw the first stone who is free from sin himself.
But repetitive undermining of hope is destructive all-round.
No hope? Swallow loss and sell.

[princebuster2] 25/11/2019 12:08

And a tax system that means it will never make profit.

[nocents] 25/11/2019 11:59

Plummet due to neglect by company,
They could reverse this if they sere willing to. Buyback could have set a floor and increased the NAV. A wrong belief by BOD that it has no long term effect is simply wron. See RRE or Plus 500 or Glencore. Successful re-setting. Obstinate BOD will not capitualte until p/i’s have!
Dividend mentioned on Wednesday in Manchester. Fine. But it depletes cash and NAV. Why so stubborn ( and intrinsically wrong)?
This share has been driven to its knees by company neglect in face of low-volume consistent selling.
Great assets/g and a cost management/ low b/e/ hedging etc. irrelevant how much management hold. Treatment of shareholders has been shamefully neglectful-particularly of LTH’s. Very common in today’s society but not to be expected from Trinity. But the truth. I challenge any denial.
But it does indeed present a possibly once-in -a-lifetime buying opportunity. Regardless of obstinacy/wrong beliefs re. share intervention...it is annincredibly efficient company with a strong balance sheet and very solid prospects regardless of trends and headwinds.
Just so sad that obstinacy and poor understanding of investing and the market have led to this.

[mount teide] 25/11/2019 11:59

If TRIN hit their year end 3,400 bopd production guidance and Brent averages around $65 between now and the end of H1/2020(which I think it will as a result of the disruptive impact of IMO 2020 and a likely extension of the OPEC+ cuts) - I can see an easy double here during the next 6 months.

L2: Cenkos has dropped to 9.2p on the offer in an attempt to stimulate some interest.

[mount teide] 25/11/2019 11:48

Apologies - lang, it was indeed meant for PTAL.

L2: 1 v 1 / 9.0 v 9.3

Balance of the book looks set up for an upward move. I suspect it will not take much buying pressure - took little this morning to send the two MM's on the offer(and the rest above them) scurrying to higher ground.