Trinity Exploration & Pr... Share Discussion Threads

[mount teide] 27/11/2019 08:28

L2 opened at 2 v 1 / 8.9p v 9.4p (rest spread evenly between 9.5p and 10.4p)

[flawlesskicks] 27/11/2019 05:38

marvelman - Sometimes a step backwards is needed to move four steps forwards. The paying off of the debt means that any new punters will be much happier to take a position as we move forwards. Certainly, one of the main things I look for when investing is no debt and no death spirals!

Let's hope that whoever was selling down is now gone and the share price can recover to previous high. I think 27p was where the last rise finished so around a 70% re-trace to 9p. Sounds painful but is quite a standard event on AIM I have learned over the years.

[flawlesskicks] 27/11/2019 05:29

nocents - Most of my money is in CASP. A similar (in some ways) play with production and oil sales ramping up. CASP has been range traded for the last six years and so it can be a difficult place to post when trying to be positive but going up against other people's books! Multiple ID's, vicious personal remarks and a never ending battle.

Hopefully a lot less of that here!

I do see a lot of value here at this level. If the management can really take the BOPD to 3400 in the next 4 weeks, that will be a real achievement. Their plan to get to 7000bopd is good and I feel that will give them the critical mass to then take them to 30000bopd.

See how it goes but I'm certainly interested at this level!

[nocents] 26/11/2019 20:05

Very good article. Putin holds much influence here as usual. Most important thing is last sentence (ING) about the potential downside risk on failing to extemd or deepen cuts. Will see a whammo fall if so. Opec+ know this of course. I would hope they don’t just posrpone until March. A cop-out. They need to deepen the cuts but am not sure about Putin. Devious SOAB who has his own agenda. I hope the rest of Opec remain strong. Trump’s oil monopoly must be counter-influenced.

[nocents] 26/11/2019 19:17

Let him throw. the first stone......
At times I have been the Victor Meldrew of the board. I feel bad about chiding Prince yesterday. He is a good bloke and I truly hope he didn’t sell as this Phoenix will rise again. Acidic complaining-of which I have been guilty-helps no-one in the longer term. We need need informative and credible but humane and occasionally touchy-feely but highly pragmatic posting.
Princebuster:- hope you are still here. I feel we may get some recovery.

[marvelman] 26/11/2019 18:39

Flawless, we are currently blessed with a trolless BB although we have had the odd visit over the years. I believe we are fortunate to have a well grounded bunch here and most of us (but not all) are underwater. The other positive is that those that are treading water to stay afloat (like me) have an incredibly deep knowledge of the company and its history. To be at 9p is an anomoly which none of us would have believed after the surprise fund raise at circa 15p a good while back but there is a genuine feeling coming through that we have finally turned the corner and the distressed seller who has been destroying the share price for many months has reached the end of his suicide mission. As I have said, good timing and good to have another positive voice on the BB although I admit to not being a good example of such :-))

[nocents] 26/11/2019 18:36

roller-coaster

[oilinvestoral] 26/11/2019 18:02

NC I recon you will do well long term (just my opinion) ! You seem to have something I certainly don't have and that's patience! I would be very surprised if TRIN isn't trading near to the Whitman Howard Target in the next 18-24 months. If you do want to average down, 9p is the time to do it...

[flawlesskicks] 26/11/2019 17:45

Happy to be on the ride. I will do my best to support the group and the share price. Seem a nice lot on here. I've not been introduced to the resident troll yet...is he on vacation or hospital visit? You must have one?

[flawlesskicks] 26/11/2019 16:47

Looking at cash in the bank, production to 3400bopd and market cap of £34 million - it really is a no brainer at this level. Time to accumulate is now as it slowly moves back up...just follow the trend.

[marvelman] 26/11/2019 16:38

Nice one Flawless...you need to teach me more about timing...I've only been doing this for 20 years and just can't seem to get the hang of it where TRIN's concerned.

[flawlesskicks] 26/11/2019 16:34

Looking very good. I thought we would bounce off 9p. Lots of resistance at that level and demand gaining. If I see us push forward tomorrow, I have another £12k that's been sitting in my bank account waiting. May deploy it here as I really like the play here!

[marvelman] 26/11/2019 16:31

We certainly have waited long enough for ANYTHING encouraging MT...many thanks for the updates

[mount teide] 26/11/2019 16:06

L2: 2 v 1 / 8.9p v 9.4p (then 3 on 9.5p to 9.9p with the rest on 10.3p and above)

Most encouraging it's set up for weeks.

[nocents] 26/11/2019 12:14

China and Us...biggest polluters ( not got facts about India) shun climate change . The EU flagellates itself and sets examples...especially Germany and France . But it’s a deop in ocean.
Trendy anti-climate protests can only bring change when they become macro. Hong Kong have done remarkably well with the new elections. China did not expect to lose all 117 seats ( think that’s right). Power to the people. Mainland China? Forget it. US with Trump in charge? Climate? Forget it.
Oil needs to be higher priced and -yes-better trchnology. Can’t see China giving a hoot though. Just look at cheapo failing safety regulations...bridges and buildings collapsing. Money talks. Same in India. US different but the need for cheap gasoline rules the oil price and guzzling gas autos are still the norm along with phenomenal aviation travel...one of the biggest polluters. I hope trendy gets big.Plastics. Emissions.
I think the macro facts like China need to be put out more though. Just superficial resume by me.

[flawlesskicks] 26/11/2019 11:46

We need better technology to remove the harmful pollutants and greenhouse gasses at the energy plants. Poor countries will always go for the cheapest energy option imo.

[sleveen] 26/11/2019 11:40

Agreed.

Protest about climate change in India and China.

See how far you get.

[nocents] 26/11/2019 11:35

MT. I do find this face deeply educational and shocking. Thanks for informing.

[mount teide] 26/11/2019 11:29

'The world will always need oil' The Chinese are still using coal for over 60% of their power generation and yet to upgrade to oil or gas(apparantly on cost and availability grounds!)

Despite China now being the world's largest oil importer - they currently import more oil than the entire annual production of Saudi Arabia, yet still have a per capita usage barely a tenth of the West - most is used for transport purposes.

Instead of lecturing the West about building more wind farms - our Swedish climate change teenage snowflake needs to turn her attention East!

Last year China added new coal fired power stations totally nearly 10 times the capacity of those the West shut down.

China added 25.5GW to its coal fleet, while the rest of the world saw a net decline of 2.8GW. And its going to get much worse.

China has a massive 148GW of heavily-polluting, coal-fired plants either under construction or about to begin construction, according Global Energy Monitor.

To put this growth in some perspective the current capacity of the entire EU coal burning power station fleet is 149GW, or the same as what China is adding.

60% of China's electricity still comes from coal fired power stations - this is not going to materially change anytime soon.

[flawlesskicks] 26/11/2019 09:03

mark - Yes, AIM is about high growth, high return. They have the assets and they have the money - making physical profits at this stage will just go straight to the government. Much better to keep increasing production until they are a sizeable company. 7000bopd will give them a turnover of $153million. That's a really good base to build from so I really like their forward plan for the coming 24 months.

[mark10101] 26/11/2019 08:24

I don’t really want to see TRIN make a profit and pay anymore taxes, much happier to see it reinvested into the business at this stage.