Trinity Exploration & Pr... Share Discussion Threads

[nocents] 19/1/2020 21:57

Thank u Mark.Will be interesting to see if Wall Street can keep the lid on all year ( pre-election). Recession rated at only 10-20% chance in US now but stability of oil price is allegedly all dependent on one oilfield now
( Permian) . Loans deying up for shale. Iran certainly not out of the picture. Libya an extra. We might see more attention paid to supply risk . All events-quite seeios ones - are being carefully suppressed in order to keep oil price down. Election year and gasoline prices and the economy are king. Let’s see what 2020 brings and whether the US can keep control.$65 which is forecast already would do Trin a lot of goid-especially at $2-3 premium.

[mark10101] 19/1/2020 20:33

Oil is doing a very good job of shrugging off geo political risks, another bullet for it to try and dodge tomorrow.


LIBYA'S OIL OUTPUT TO DROP TO 72,000 BPD FROM 1.2 MLN BPD IN FEW DAYS IF BLOCKADES CONTINUE - NATIONAL OIL CORP SPOKESPERSON
#OOTT

[nocents] 18/1/2020 15:08

I.e. well said MT

[nocents] 18/1/2020 15:08

“ The truth will set you free”.
A famous bloke 2020 years ago.
The truth needs to become a known truth.
Politics works by rhetoric and deception.Always has. Brutus to Machiavelli to Tony Blair to Vlad.

[mount teide] 18/1/2020 12:41

Like most things in the EU reality is often quite different from the rhetoric - "The European Union is determined to lead the way in the global response to climate change."

So, how is the EU - the great 'champions' of renewable energy to address the "catastrophic" impact of climate change - doing to reduce fossil fuel consumption:

EU Fossil fuel consumption 2017

31.8% - Oil
24.6% - Gas
15.4% - Coal (In Germany its 40% and Poland 80%)
13.9% - Nuclear
13.9% - Renewable

Fossil fuels have continued to dominate primary energy consumption in the EU since 2005, falling a minuscule and frankly laughable(considering the lead the world rhetoric to reduce consumption) 6% from 78% in 2005 to 72% by 2017.

Never has so little(-6% over 12 years) been done for so many(500 million) by so few(The EU)!

Source: European Environment Agency

[avsome1968] 17/1/2020 23:21

The other big danger that could end all life what a lot of people haven't considered or know about government's kept a lid on it.
Thermal frost which holds tremendous amounts of carbon dioxide and other poisons gases underground where its been their fermenting for millions of years but with global warming its starting to slowly melt which seriously bad, I don't want to go into detail be forever here but look it up very interesting.

Anyhow still got my wife's loot in here for results still could hit 13p plus on a good news, might even add again if it falls further.

[nocents] 17/1/2020 17:51

It’s politics and power that govern what really happens. Economics are the fuel for national and from that point international political matters. Why is the US the greatest influencer ..” It’s the economy , stupid. China now second place and Russia the greedy bear.
I don’t doubt what MT says for a moment. China will not sign any climate agreements and are expanding coal. They are the largest oil importer and increasing own exploration. US will not limit consumption nor production . Neither woll all but a few EU moralistic countries. Until the price of oil rises dramatically ( and coal) this will continue. The US suppresses the oil price under political orders. China does what it bloody well wants. Aviation in the US?? A way of life. Nothing is changing re. consumption and emissions in US and growing in China. Many countries have oil as main constituent of GDP inc. Saudi and Russia. As an animal lover I bleed for many species...even the man-eating Polar bear without enough ice. It’s not going to happen by us eating fewer burgers nor a temporary trend. Governments in the criminals here. Books are written on this. My post is a scratch on an iceberg.
P.s. Shi* day for Trin. Need them to really compensate for a ridiculous share price.
Btw. MT is right re. timing of a new cycle. The good thing is that the world needs a SUSTAINED higher oil price. Ergo growth of green.
If only the Senate would eject 2/3?the unworthy. Not gonna happen.

[avsome1968] 17/1/2020 17:30

Naf

Mount, sovereign investment funds are moving out of O&G and I don’t see them coming back. I don’t doubt fossil fuels will have a role to play well into the future but for all of our sakes it must be substantially reduced from current levels.


Personally sorry to say, its too late to go green damage been done to the planet and will continue to be damaged by human greed and disasters that are occurring more frequently will accelerate more and more. need the whole world to change together that wont happen, population needs to decrease that wont happened, governments will play it out till we see what's coming with our own eyes, then that will be it.

Told my children to live there life's fully don't get bogged down with children as I cant see their children getting to a old age, sad but true.

[nocents] 17/1/2020 15:31

Trin-derived deprivation . Long term and chronic. Occasionally acute. Eminently treatable but often not addressed.

[nocents] 17/1/2020 15:29

We can dream :-)
Not being materially minded ..I would just be more contented with less stress and a few more treats to counter the well-known condition of Trin-deprived deprivation !
It’s been a long time since the days of Trin at £1.48p. Yes truly £1:48p.

[otemple3] 17/1/2020 15:11

I love my E85 Z4 but when Trin hits a new ATH I plan to trade it in for a more family friendly Maserati Grancabrio. Until then the kids have to make do in the wife's Focus :-).

[nocents] 17/1/2020 14:54

Mark. Can’t wait to give my car a spruce up . ( Bruce up if Trin deliver). I see no skeletons in the cupboard (except for my face in the mirror after last few days.)Heritage will provide oil price costings if Trin has sold through them like Petrofac.
The market gauge sentiment in many ways-not least by reading these boards. Particularly AIM. They then decide how to manipulate sentiment according to their needs. A tree-shake is just one trick. Individual shares often have their own team at work in the City -particularly high-volume shares. They usually manipulate via AT’s. Here they manipulate by exaggerrated price drops or spreads but also respond to volume either way. They initiate the sells and then feed off them. Fragile short term holders go first and then panickers...and others in-between. There need be no reason but momentum which spooks holders. No actual company reason. Just sentiment. Seen it so damn often I could write a book on their tricks. However...the sooner sellers depart then the more balanced the holders are. The epidemic of short term selling is real and some contributors have admitted to selling in last few days on profit. Their business. Trin need to wake up to this but are remarkably recalcitrant and stubborn to the reality of today’s market. Blinkers. They need to address market reality and not just run a highly efficient company. How do you sell quality goods in a shop if they are no adverts or marketing?? It’s how the fast-food world operatesand is just how it is .
Marketing aside......Bruce has indeed promised to deliver in other ways and I believe him.
We have to tolerate the white noise until then.
Those who have sold...up to them. Silly at 11p...marginal profit or not. Coukd’ve sold at 13p week ago ..or 14p next week maybe.

[spellbrook] 17/1/2020 14:48

Just added 100k at 10.88

We wait zzzzzzzzzz

[mark10101] 17/1/2020 14:01

Oilinvestor, 3 months since news and that was a set of pretty disappointing results, shows their strategy regarding pandering to the markets need for constant reassurance. They are what they are, but Bruce has reassured the landscape is fast moving in T&T (as has been commentated for the last 18 months in RNS’s), so one day Bruce will deliver.

[otemple3] 17/1/2020 13:57

Totally agree but do have some sympathy if it is out of their hands. Not sure what data they would need from heritage though tbf! Would like to think there is plenty of other updates that could be provided in the meantime but not really trins style (e.g. Scada/HAW)

[oilinvestoral] 17/1/2020 13:35

Thanks for your thoughts Nocents! I agree with you but it does get frustrating sometimes! Where is the update from the company ? They need to issue something to support share price IMO

[mark10101] 17/1/2020 13:27

Nocents, when Bruce and team show the market where the value is in TRINs update you will have to change your user name to Bentley ;-)

[nocents] 17/1/2020 13:00

I have an E36 3 series soft-top. 190,000 miles.
Bought it new 2006
Still pay extended warranty
Last of the great engines before electronic obsession.
I love it more now than ever...tatty or not.

[nocents] 17/1/2020 12:54

It is just a normal low-volume AIM share. It has reacted to sells and buys today. Many shares are exactly the same.AIM /FTSE 250/350 . Particularly since interrst rates dropped and the public started investing. You are very very good at your research. But truly...it is the same across the market . Particularly with no stamp duty shares. But even then not . E.g. You pay stamp duty on Tullow Oil and it has always been an”AT” controlled share. Trin just overreacts to low volume at times.
Sorry...not meanong to lecture just to help/clarify.

[mount teide] 17/1/2020 12:50

Hi M5 - further to an earlier post with respect to your advfn name - it was an enquiry having owned three generations of the car.

Best of the lot by far was the last manual version the E39 V8 - tried to buy it back shortly after selling it, after realising I'd made a huge mistake - sadly, the owner who still had a smile like a Cheshire Cat couldn't be enticed even with a 25% premium!

[oilinvestoral] 17/1/2020 12:22

Why does TRIN share price behave like this? I knew I should've derisked at 13p+! This is a traders share! Being manipulated like no other

[princebuster2] 17/1/2020 11:56

Bit crazy leaving at 11p when they had the chance at 13?? Bad trading that is!

[nocents] 17/1/2020 11:42

Nothing to do with nasties. There are no nasties. Quite the contrary.
It’s rather like the wait before an important economic or political decision. Markets and many many individuals ( i.e.investors) don’t like uncertainty. There is in fact next to zero uncertainty regarding the update...but people fall for the tree-shake mentioned by Mark10101 and exit. They would’ve done it at the shake of a leaf anyway.

[m5] 17/1/2020 11:41

Mount Teide17 Jan '20 - 10:57 - 6320 of 6325

Best post I have read for ages. Absolutely spot on.