Trinity Exploration & Pr... Share Discussion Threads

[nocents] 27/11/2019 15:40

As I thought.
The 5% ‘ers are out.
Best rid.

[nocents] 27/11/2019 15:36

Likely to settle at 9.4/9.8 end of play.
Opinion only

[nocents] 27/11/2019 15:35

9.4 / 9.9299

Might help traders

Or spirits.

[mount teide] 27/11/2019 15:02

L2: 1 v 2 / 9.3p v 10.0p

[flawlesskicks] 27/11/2019 15:00

Mms on 10p ask now...keep going as this won't be even slightly interesting to anyone yet. I think 13p they may start to see some selling but not before.

[spellbrook] 27/11/2019 14:53

A tweet with a picture from #trin


@Trinity_PLC #TRIN Preparing to gravel pack HAW FR1807. COO checking the size of the screens using a feeler gauge. #attentiontodetail

[oilinvestoral] 27/11/2019 14:51

I agree! It would be good to see the back of 10.0p! Very cheap at the moment

[flawlesskicks] 27/11/2019 14:45

Looks like 10p will go tomorrow - or even this afternoon if the volume picks up! Certainly turned a corner now. Glad I picked up a few more this morning!

[mount teide] 27/11/2019 14:28

L2; 4 v 1 / 9.2p v 9.8p

[astorcourt] 27/11/2019 14:26

ha ha I got it

[mount teide] 27/11/2019 14:26

aster - MM's only show NMS it could be anything from one to one million shares!

[astorcourt] 27/11/2019 14:24

how much available at 9.6 please, I want grab it all

[mount teide] 27/11/2019 14:14

L2: on the move again: 3 v 1 / 9.2p v 9.6p (then 1 on 10.0p and the rest spread between 10.2p and 10.7p)

[nocents] 27/11/2019 12:26

Iphone typos sorry. Can’t attach oil 1970-2019 chart on phone. Easy to access. Macrotrends.net
Take a look.
We never exited. the bear market in commodities starting 2014.It has just become a remote paper commodity fuelled by US political needs and media hype. Like Lehmans et al. Like they say...watch tgis space...

[oilinvestoral] 27/11/2019 12:22

Couldn't get lower than 9.5p! Looks like price is moving up! Would be nice to close the week above 10p

[nocents] 27/11/2019 12:21

As I have been saying for months. Read Goehring and Rosenzweig.Nov 2019. Says ecactly this re.commodities but is even more bullish. Also anayses shale failure in US. Also geopol. risk. All this info is already out there. You either go with the media-herd or you look at the facts. Rather like coal energy growth in China. You start to see it as it is.
Oil behaves boom/bust like stock markets. Just look at 1970-2015 cycles. Fascinating charts. Rapid and violent readjustments BOTH wayS. TBH allbyou need is a real conflagration near Straits of Hormuz and WTI ( Trin deals in WTI not Brent) will be in the eighties...or more. I for one can wait.

[oilinvestoral] 27/11/2019 12:21

Couldn't resist! Just used some dividends I received from other holdings to purchase more TRIN. Bought 12,000 shares using dividend money ! It feels like I'm topping up on a weekly basis now!

[mount teide] 27/11/2019 11:24

The chart below tracks the S&P Goldman Sachs Commodity Index – which tracks prices for 24 commonly traded commodities(Energy has the biggest weighting by far) – relative to the S&P 500.

When the blue line on the chart is rising, commodities are getting more expensive relative to the S&P 500. When the line is falling, commodities are getting cheaper relative to stocks.

When commodities are at historic lows relative to stocks [green circles on the chart], past history has shown it’s been a great time to buy commodities.



When the chart turns from a multi decade low ratio - the move up is invariably very rapid.

The commodities sector is currently 77% below its average price relationship with stocks over the past half-century. And it’s lower, on a relative basis, than it was ahead of the big commodities rallies in the early 1970s and the early 2000s.

[mount teide] 27/11/2019 11:13

L2: strengthens further - 1 v 2 / 9.2 v 9.5

[archie61] 27/11/2019 10:55

What an amazing change of views from MT! unbelievable. Brass neck n all that.

[astorcourt] 27/11/2019 10:38

Thank you MT, i value your research and I am a buyer this a.m

[mount teide] 27/11/2019 10:36

L2: strengthens further 3 v 2 / 9.0p v 9.5p (then 1 on 9.6p and the rest spread between 10p and 10.5p)


AsterC - considering the company fundamentals, if the price of Brent averaged around $65 during 2020 and management guided circa 3,700 bopd for the 2020 exit production figure - then a scenario where the valuation was in the 20.0p to 30.0p range over a 12 month view would surely not look unrealistic. Particularly, if sentiment towards the energy sector generally, improved even marginally from its current diabolical(multi decade low valuation of energy companies as a percentage of the S&P 500) to just awful!

[astorcourt] 27/11/2019 10:00

there is some early activity, bargain hunters in at under 10p

[astorcourt] 27/11/2019 09:57

Mount Teide sir, what is your expectation here on a 12 month view?