Trinity Exploration & Pr... Share Discussion Threads

[otemple3] 15/1/2020 22:38

Just as a reference point, house broker Cenkos note on 13th Nov was forecasting:- cash $13.02m- expected YE production rate of 'closer to 3400' rather than management's choice of wording 'circa'. No Q average provided but with Oct average of 3017 a simplistic ~3200 I guess.

[princebuster2] 15/1/2020 20:10

Prob cos there is no news! Ill call it now for you all..unexciting results, tax taking any profit, maybe a 1p jump...back to 11p one week later.

[nocents] 15/1/2020 20:05

Wwick ...sound desires. OT ...you may be right but we are due more than a hint of the HAW “ program” and certainly Scada as it is proven. Trin are so reluctant to ever issue RNS’s that I don’t see a separate one. All cloak and dagger behind closed doors with Trin. Only tell us when they have to or need to. No flippant RNS releases for good old-school market-obedient Trin.
(Here’s to getting the BOD drunk at a London bar and spilling beans like a politician.) Dammit it’s that chip on my shoulder again.

[nocents] 15/1/2020 19:57

Re. premium Mark...ypur way sounds good.

[nocents] 15/1/2020 19:56

A scourgee of locusts on you Mark.
15 barrels more than me. Pah!
I’d like to wager on it !!

Re. Trumpy.
The greater trade....the more supportive the oil price. He does not want growing demand in an election year !! That’s what this is about. I can’t see a real deal.

[otemple3] 15/1/2020 19:52

Wwick - I think Scada and HAW drilling plan may be a separate RNS but I hope they include a clear (& positive) statement about how these two are going to be transformational for cash accretion going forward. GO - indeed, am 'hoping' for much more cash and comfortably exceeding 3400

[wwick] 15/1/2020 19:00

I'm hoping for:
YoY cash build;
H2 Operating BE / bbl <$27.8;
communication of business case (economics) for SCADA;
appraisal for new drill sites; and
timescale for key business decisions.

[mark10101] 15/1/2020 18:35

My attempt

3285bopd
$13.6m cash
$2.4 premium

[nocents] 15/1/2020 18:35

Hi GO
You may be right re. premium but they wouldn’t tell me when I asked.
I am hoping for more too . Actually the full eoy 3,400 tbh.
And cash!!
But wtf ( flip) is the cash for? Npt gonna fund Tgal and is only a buffer for onshore drilling...especially if genuinely cash generative.
Most importantly..glad u well !

[nocents] 15/1/2020 18:30

If we’re all having a go
3270bopd
14.2mill
$3 premium ( if info released)

We should also bet on date pigeon arrives with update(?!)

[gabrieloak] 15/1/2020 18:27

C...for some reason I remember reading it in a report somewhere...let's see

Otemple - thanks...I am well.

Let's see...I am really hoping for more than the predictions posted by you and I here.

Best of luck all

[otemple3] 15/1/2020 18:13

Hi GO, great to hear from you and hope you are well. My predictions are:- 3350 BOPD (but hoping for 3401!)- $13.5m- $3 premium

[nocents] 15/1/2020 18:11

Hi GO
Bopd yes
Cash..sounds fair.
Do they normally admit price received??

[gabrieloak] 15/1/2020 17:57

Greetings all...

3 things I am interested in seeing:

1 BOPD
2 Cash Balance
3 Pricing received, expressed as a premium/discount to WTI (or Brent if more appropriate!)

Its got to be tomorrow:

Predictions?

BOPD 3200-3400
$ 13-15 mln
2.5 dollar premium to WTI

[nocents] 15/1/2020 14:46

This is the latest it has ever been. Maybe tomorrow.

[pedigree_scum] 15/1/2020 12:06

Shame we did not get any news today. Maybe it is not until next week...

[nocents] 15/1/2020 09:47

Seems monsieur le 100,000 seller is back. Consistent again.

[wwick] 15/1/2020 09:05

That article is pretty poor, the thoughts of a dreamy child with click-bait title.

[nocents] 15/1/2020 08:23

The content of the article contradicts the headline.No evidence given that Iran has the means to do this.

[spellbrook] 15/1/2020 06:55

Is Iran Preparing To Send Oil Back To $100?

By Simon Watkins - Jan 14, 2020, 7:00

Two of Saudi Arabia’s key oil sites are attacked and its oil production is more than halved but the US$70-75 per barrel of Brent oil barrier holds firm. The U.S. assassinates the most important man in the most volatile regime in the Middle East but the level still holds firm. Iran retaliates with missile attacks against the U.S. base [Ain al-Assad] in Iraq but the cap remains unbreached. The U.S. has gone to great lengths to put a serious lid on the oil price at this US$70-75 per barrel of Brent level for the economic political reasons analysed below, supported by a variety of means also examined below, but retaliatory moves being planned by Iran for the execution of Major General Qassem Soleimani by the U.S. might blow through the cap and even through the key US$100 per barrel of Brent resistance

The importance of the US$70-75 per barrel level is that it is a heavily protected barrier to any sustained moves to and through the US$75-plus per barrel level, which is a key psychological and technical resistance for oil pricing. Such a sustained move upwards would almost certainly lead to long-term stop loss short positions (and similarly short-structured options positions) being triggered and pushing oil up to and through the US$90 per barrel level and towards US$100 per barrel. Two very bad things can happen for U.S. presidents when this sort of upwards momentum around these sorts of levels starts to look sustained, especially for U.S. presidents seeking re-election.

‘Bad thing number one’ is that, according to the statistics, since World War I, the sitting U.S. president has won re-election 11 times out of 11 if the economy was not in recession within 24 months ahead of an election. Conversely, presidents who went into a re-election campaign with the economy in recession lost five out of seven times. Up until very recently, many of the smarter investment houses were predicting a fifty per cent chance of an outright U.S. recession within the coming 12 months and, although this has substantially gone down (most now see just a 10-15 per cent chance of such an event), the point is that a upwards-spiralling oil price could change this probability very quickly indeed, and U.S. President Donald Trump knows this.

[nocents] 14/1/2020 21:38

Spellbrook.
Give us more posts.
Missing any posts at all...especially yours.
Looks like pigeon with the update ( which is never intercepted i.e. leaked) has taken the long route or stopped off in a loft somewhere.
Maybe next week then.

[awise355] 14/1/2020 08:22

Good buying so far

[pedigree_scum] 14/1/2020 07:24

Maybe tomorrow...

[awise355] 14/1/2020 07:08

Are we due an u plate today?