Trinity Exploration & Pr... Share Discussion Threads

[spellbrook] 13/1/2020 15:49

SILENCE.............

Whose getting excited about Results & Updates ???

Not Long now

[m5] 13/1/2020 11:19

Mount Teide10 Jan '20 - 12:21 - 6243 of 6254

No mate, I live on the m5. :-)

I used to have one a long time ago, best car I have ever had, so it just sort of stuck and I have never bothered to change it. Different times.

[spellbrook] 13/1/2020 09:15

tick tock any day this week imo

[spellbrook] 11/1/2020 12:25

Chart set up
Nicely for the right updates and results next week

[nocents] 10/1/2020 18:12

And another at 5:06

[nocents] 10/1/2020 18:10

Dinky little purchase on the bell.

[nocents] 10/1/2020 16:08

I know little of these matters and would be happy to know more. I think I understand your reasons for posting this now.

[nocents] 10/1/2020 15:57

MT
Info appreciated
I’m always willing to be enlightened. Or have my mind changed.

[mount teide] 10/1/2020 15:43

nocents - 'Most marine vessels use Brent.'

The shipping industry has operated for over 70 years on heavy fuel oil - or residual oil - the heavy, thick tar that is left at the bottom of the barrel after the refinery operation has taken everything else of value out.

High sulphur residual oil is almost identical to heavy crude - hence why heavy sweet(low sulphur) crude is in such demand today - going from a $5-8 discount to Brent last Jan, to a $30 premium today - and this pricing development was entirely predictable years in advance of the Jan 2020 implementation date of the IMO 2020 Sulphur Cap.

The loss making heavy sweet Stag oilfield was heavily loss making in 2017; today it's generating circa $8.5m a month cash flow for an asset that no one wanted and was purchased for just $10m in December 2016.

[mount teide] 10/1/2020 15:32

It was meant as a wider market observation highlighting the scale of the disruption IMO 2020 is creating, and its impact on pricing within the global oil market.

WTI and Brent is expected to benefit from this disruption in 2020 and since T&T production is largely priced off these, should indirectly see some of the benefit .

[nocents] 10/1/2020 15:04

I wondered the same. Most marine vessels use Brent. T and T oil is sold at acpremium as heavy and not light sweet but it is not a low sulphur oil. Trin was asked this question 4 months ago.
Not sure how sulphur content affects Trin’s price regardless of new ruling re sulphur. Am happy to be enlightened.

[oilinvestoral] 10/1/2020 14:22

Yes MT but how is IMO2020 premiums for Singaporean / Asia Pacific crude going to help Trinidadian oilies with some sulphur content

[bmnsa] 10/1/2020 13:49

No, the motorway. Lol

[mount teide] 10/1/2020 12:21

m5 - is your profile name anything to do with the car you drive?

[m5] 10/1/2020 11:36

Indeed, bit of a flush out and looks like we could be moving on again. Big key for me is 10p and we are well above that area.

[mount teide] 10/1/2020 11:33

Just a few bottom fishers and momentum traders scalping their 15-20% and departing, leaving it to the investors.

IMO 2020 - Record premiums to Brent exceeding $30/bbl paid today for low Sulphur heavy sweet crude oil by Singaporean marine fuel oil traders.

[astorcourt] 10/1/2020 11:12

looking good again, buyers returning after yesterdays fun n games

[nocents] 10/1/2020 09:02

Looks like it was sell on the rumour then and lots of people took advantage (?)-maybe even here.

[bloooarra] 09/1/2020 18:48

Spoke to the company today. They said "woof" which wasn't helpful, but when pushed they did concede "doggy wants a biscuit"

;0)

[nocents] 09/1/2020 17:25

Wholly untrue.I refer you to all the recent RNS releases and the interviews at the top of this page.Plenty of information should you have the patience.

[russiaguru] 09/1/2020 16:51

this company doesnt seem to have any concrete long-term strategy from what I can see.

What is there to attract investors

[nocents] 09/1/2020 16:49

That was a mizz day.It would be more than a tad uplifting to read something optimistic in the midst of another Trin-attack if someone feels they have something appropriate.(?)

[nocents] 09/1/2020 15:30

In some ways the more selling we have now the better. It is important to get rid of fragile sellers asap.

[nocents] 09/1/2020 15:22

Sensible
Big
( iphone typos)

[nocents] 09/1/2020 15:21

I personally think it is both. Selling begets selling. Fear begets selling. For some it is better to take any profit just in case. Sendible.Mm’s drop price....they call it a shake-out. Fragile holders sell “ just in case”. And why not? They get a profit and mm’s get their shares.
Impossible to prove.
But seen it time and time again.
This could be blamedcon WTI but no other oil shares plummeted like this ( Tullow of course but only 3%). Bog oilies have risen. Trin slumped 10% on 2 sales. That begat more selling to crystallize profit IMO.
WTI is down as a result of de-escalation but nothing materially has changed re. Trin and it had risen before Solemaini’s demise.