Trinity Exploration & Pr... Share Discussion Threads

[slicethepie] 24/1/2020 18:10

Still here and will stay but want to see Bruce earn his bloated salary. Firstly he should ask his 4 advisors to justify their fees, what company of this size has 4 advisors? Clearly they are not helping the companies valuation. Secondly get down south with Tracy and tell the story. It's pretty easy!

[bmnsa] 24/1/2020 18:04

Still here and will hold.

[nocents] 24/1/2020 18:00

So how many shareholders here are left. I think wwick/MT/Astor/M5.
Probably very few others I would moot. Trin is not a share for rational investors!!

[nocents] 23/1/2020 19:57

Just to myself I think.

[nocents] 23/1/2020 19:29

I suspect quite a few here have sold out. Sentiment is a yo-yo.
But sentiment and impatience are for punters and not for investors in a solid company such as this-even if we haven’t had any fireworks lately. We have had rocketing share-climbs on many occasions but 2018 investors won’t have seen much. It’ll happen. Election year. SPT under fire. Farm-in for Tgal or external funding ( as in term loan) . Rapidly increasing onshore production-46% hedged H1.28% hedged H2. Roll out of Scada and more Haws.No debt and partnership with Heritage . Oil sold at premium. Yes we know all this already but I think it’s important to reiterate it at times.

[nocents] 23/1/2020 18:33

TBH with 46% hedged at this oil price Trin are better off here than at previous price. Cash will continue to grow as production does. Q2 results should be perky regardless of WTI and jittery impatient short-term sellers.
Like Mark 10101 I see a rebound when the press addresses Trin’s results and prospects-as they have promised to.

[nocents] 23/1/2020 18:18

Not necessarily. Much buying today and some very big ones. A flurry of sells if it happens can often have the effect o raising the price as people buy.
Saw it last week.

[m5] 23/1/2020 15:42

Looks like we are going to test 10p support, amazing.

[nocents] 23/1/2020 14:03

46% hedged production now innoperation.

[spellbrook] 23/1/2020 09:38

nice volume early doors

Hedging a nice move by Bruce & Team

[nocents] 22/1/2020 23:00

WTI $56
Expanded hedging was very good idea!!

[nocents] 22/1/2020 20:17

Bruce’s reference to short-term was a first in an RNS.

[nocents] 22/1/2020 20:15

I agree totally Mark.
It was not an exit bopd but an average for December bopd of 3,400.
Hence the normalisation of the HAW well and further drilling and Scada will increase bopd significantly further. A 500 bopd climb in one quarter is impressive.
The white noise of impatient sellers is to be expected.
Solid media coverage will assist.
Mote impatient selling is likely in the very short term but selling at this level is a toilet money flush !!

[mark10101] 22/1/2020 19:54

The teams move to hedge half our production where they did is looking to be a very shrewd move.

With Bruce indicating some short term news soon and the solid production numbers we exited 2019 with, looking very undervalued here.

[nocents] 22/1/2020 19:34

This will stabilise and climb as the media and value investors cotton on.

[spellbrook] 22/1/2020 16:52

good volumes of late

nearly another million traded & churned

[nocents] 22/1/2020 16:15

Meant “ I am also risk averse having been fleeced”.
Btw 2019 was a bad bad year for Trin. It did not behave in this way before. There is also much upside but I wouldn’t blame new investors for thinking this was the norm. It is not.

[nocents] 22/1/2020 15:52

Respect to your point.
E risk averse now having been fleeced. But I have been here when it flies. And it does.

[astorcourt] 22/1/2020 14:29

I see little downside so i hold as i risk averse. but this one not anthing to get excited about. like a utility company really.

[nocents] 22/1/2020 14:14

Point taken re. TXP. Not wrong.Tgal is hardly table crumbs though and who says it can’t get off the ground. If you were at the presentations you would know about the new labour-free platform/piping tgrough Trientes/ hyper-cheap power from land via undersea cable and more. The FDP is well underway and not just a concept. More could have been and should IMO be divulged ( a weakness) but it certainly isn’t table crumbs. Please read the reports. 50 bopd was temporary HAW gravel-pack affected production. An irrelevance. Approx 500 bopd increase from Q3!! Hardly 50.
I invite you and others to sell if what you see does not suit you. No
point holding table crumbs.
I do respect that what you and others do is none of my business though.

[astorcourt] 22/1/2020 13:47

txp has found something big and is up accordingly. trin only has table crumbs, 50bpd here and there and a project that can't get off the ground, hence it languishes.