Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 09/12/2019 14:00

Well done MM, I was getting no quotes at all when I tried, strange how they drop it but don't make any shares available.

[spellbrook] 09/12/2019 13:58

Pb2

Whats the answer

[marvelman] 09/12/2019 13:54

I will take the credit for putting the offer back to 9p with my 40k purchase....but for how long?

[nocents] 09/12/2019 13:15

Trin dropping for no justifiable reason except seller.

[nocents] 09/12/2019 13:13

Yes. Have been following Tlw. Directors resigned today. 2 Ghanaian oilfields been trouble for while. Was 15% shorted 18 months ago. Banks now hold reins. Tlw always been at mercy of banks. Divvy of 100m was an error . Only had it a year!! Tlw is a big producer too. Debt is almost always the albatross. Used to be solod company before 2014 crash. But always debt.
Trin nearly extinguished 2016 with Citibank vultures. Tullow very risky now. Rights Issue on the cards IMO

[princebuster2] 09/12/2019 13:12

Trin flying!! The rerate/bounce is on!!! Oh wait...same old Trin

[mount teide] 09/12/2019 11:29

Shocking news for Tullow Oil's shareholders today.

With a sky high debt level the management could not afford the slightest slip up. After today's announcement it suggests Tullow Oil will be producing oil for the banks for the foreseeable future.

Reduced production of circa 75,000 bopd in 2020 expected to generate $150m of free cash flow at $60 oil. S/p down 60% on the news.

Market Cap £833m - Debt $2.9bn.

[plentymorefish] 09/12/2019 11:24

Thanks for letting us know....

[spellbrook] 09/12/2019 11:23

still selling

[avsome1968] 08/12/2019 23:27

what am I missing here:

Trinity MCAP 34M
. 18M Cash in bank
. 3000 bpd production
. Proved elephant in the room TGAL (drilled successfully)
. 100's of employees fully engaged on progressing the production
. debt free and cash generating
. has 20% support of heavyweight investors Segel, Winther, in for long term.

It doesn't matter how well we think trinity are performing price wont move till seller is out , price could drift lower to create more buying volume get this seller finished.

[nocents] 07/12/2019 23:01

I hope it was meant to be !

[nocents] 07/12/2019 23:00

Big lol. Love the last comment re. support. Genuinely funny.

[astorcourt] 07/12/2019 08:36

what am I missing here:

Trinity MCAP 34M
. 18M Cash in bank
. 3000 bpd production
. Proved elephant in the room TGAL (drilled successfully)
. 100's of employees fully engaged on progressing the production
. debt free and cash generating
. has 20% support of heavyweight investors Segel, Winther, in for long term.


Empyrean MCAP 38M
. No cash in bank
. No production
. Un proven elephant in the room PEARLBASIN CHINA (not drilled yet)
. 2 part time employee and a junior secretary progressing the tea/coffee distribution
. regular small placings of 1m
. has 6% support of lightweight investor- Toonarmy, will crash if he sells up

Surely Trinity has some catching up to do here

[nocents] 06/12/2019 16:28

But WTI looking strong on the rebound. $59

[nocents] 06/12/2019 16:05

$59.5
Sorry

[nocents] 06/12/2019 16:04

Good news.
Just a shame we didn’t stay at 50.5 :-(
Still”Every little helps”.
And it is the symbolic value as much as the extra barrels.

[spellbrook] 06/12/2019 15:57

From Macy’s blog


Posted on 6 December 2019


Opec+ meeting-
It was worth the wait, just a hunch that the announcement yesterday of a cut of 500,000 b/d making a new total of 1.7m b/d was not all the rabbits from the hat. Russian Minister Novak had announced the cut but the KSA had the final say this afternoon. Prince Abdulaziz this afternoon announced that ‘we will make extra voluntary reduction of 400,000 b/d’ making a total of 2.1m b/d off the market.

Most members of the enlarged group have agreed that there was a risk of oversupply in Q1 2020 but yesterday’s cut was thought to be about all that was needed or to be honest what they could manage until the deal gets renegotiated next March. This extra 400,000 b/d cut which would take the KSA down to levels from five years ago, should give some support to the oil price and encourage more confidence as we go through the first quarter. In addition and surely as an aside only it might even push the value of Saudi Aramco through the magic $2 trillion mark…

Now the bears will still out as distribution of the cut (clearly Saudi will bear the brunt) has yet to be seen but there is little doubt that some of the scribblers such as those at UBS are looking just a smidgen exposed, now all we need is a cold snap…oil rose around a dollar on the news. As Abdulaziz said ‘the analysts will have to believe us’ and I will comment more on Monday to see how it all settles down but if it does happen it is making a big point with a very crude but effective tool.

[mark10101] 06/12/2019 15:52

Thanks MT, that is very good news.

[mount teide] 06/12/2019 15:30

The OPEC meeting ended with ministers approving additional production cuts for Q1 2020. The cuts for the OPEC+ group which currently stand at 1.2 million bpd, will be increased to 1.7 million bpd.

[mark10101] 06/12/2019 15:26

Insane TRIN is at 9p with oil breaking out like this. Then this seller is done should make for an interesting snap back to a fairer valuation.

[spellbrook] 06/12/2019 15:14

Oil looking perkyyyyyy