Trinity Exploration & Pr... Share Discussion Threads

[spellbrook] 22/2/2020 16:23

The cash pile growing, large land assets, no debt, potential tie up with Heritage Oil on the big one, low low production costs, election this year in TT, possible SPT tax changes, as TRinidad needs to get that oil out of the ground before greener times come they don’t have much else of huge value, further SCADA deployment, more drilling coming with HAW also, they may be eyeing an acquisition

As the economy tightens cash and no debt will have lots of benefits

Our time will come imo

[m5] 22/2/2020 15:52

Its bounced off the lower level, its a buy, short term long term its money in the bank.

[pavey ark] 22/2/2020 08:49

I was not involved with TRIN at the time of the cash raising exercise (mid 2018)but I've certainly heard a lot about it !!
Given the lack of objective reasoning displayed by some posters I decided to have a look for myself and surprise, surprise things look a little different when you step back.

The price when the announcement was made was c.23p but the interesting view is to bring up a one year chart of the price from mid 2017 to mid 2018.

The oft quoted 28p was a peak and the average price over 3,6,9,12 months before the fund raising was very much lower.

Since the fund raising at 15p the oil production has risen 20% the operating break even is down, the cash is now $15m and could be close to $20 by mid 2020 (the total raised mid 2018).....yet you can buy for 9p.

The price is strange and frustrating but hardly the fault of management who have done EVERYTHING they said they would.

[nocents] 21/2/2020 17:35

unattainable

[marvelman] 21/2/2020 15:58

30' in T & T with a slight breeze. Where's the pressure when you have hijacked a fortune from a bunch of faceless shareholders and you are on a stonking salary with nobody able to challenge you. Best just carry on and enjoy it.

[nocents] 21/2/2020 15:18

The bid and offer were massaged (9.1/9.2)so that it fell between. Could be a buy or sell. We can’t know.Never will unless TR1. And it could be someone under 3% anyway.
Switch off and leave cobwebs be I think.

[spellbrook] 21/2/2020 15:10

1,000,000 trade surely not a sell at that price

[nocents] 21/2/2020 15:00

If the common shareholder-and institutional-felt more valued with a tangible plan for growth and not just staying safe in the corner of the room-then more people might stay and more people might buy.
Trin 9p
TXP 44p
Same environment.
What use no debt and a few more techno bopd if the responsibility to shareholders is promised time and time again but never met.
Trin and TXP were parri passu (same) 6 months ago.
Today:- Trin 9p
TXP 44p POST PLACING !!!!
Gas/ Coro...whatever....how can Trin justify this???
I have no evidence of a “ fast moving environment” as in RNS.
We just stay 8-11p . And what of the cash?? It doesn’t seem to be of assistance. Just like no debt. Company plods along. Same old. Where is the benefit of cash in hand and the odd Haw and bopd marginally improving?? It doesn’t seem to make a blind bit of difference. It gives the company a nice feeling of security with no debt. But sometimes you have to expand. There is a possibility I am being unfair but as nothing ever happens then it looks like this guy’s gonna be pushing up daisies by the time Trin moves out of harbour. 2020 ...FGS not like 2019...please!!!

[princebuster2] 21/2/2020 14:21

Welcome to trin

[marvelman] 21/2/2020 13:09

Looks like the little bit of hope has been swpt aside by our never ending seller...perhaps another day

[nocents] 21/2/2020 12:45

8.74
Sorry

[spellbrook] 21/2/2020 10:52

SCADA should certainly drive down more costs and up production

Next update should provide further evidence and number of increased wells using the technology

[nocents] 21/2/2020 10:15

Seller could be a p/i who bought in at 9.74 or Mr. and Mrs. Newlands
Or-as Donald Rumsfeld might say-someone else.

[nocents] 21/2/2020 10:13

The Market Muppets hold onto Trinity so so tightly. It’s anally retentive. I have never encountered another share which is as tightly controlled so as to gove as little as possible away. Remarkable KGB control.

[spellbrook] 21/2/2020 08:52

Flush mr 100k out and we are off again imo

No debt and cash growing still does it for me

[bmnsa] 21/2/2020 08:43

SP chart awakening:))

[nocents] 21/2/2020 08:38

Grrr
Iphone

fantastic

[nocents] 21/2/2020 08:37

Well it’s not “ my friend”
“ mister famantastic”
“ merry fello”
It’s.........nah ......won’t risk it

[marvelman] 21/2/2020 08:34

Love those word searches nocents...took me a while to fill in the dots

[nocents] 21/2/2020 08:33

Seller = m.....f.......
Just waiting

[marvelman] 21/2/2020 08:25

...you referring to that 100k seller BMNSA...he's never been to sleep as far as I can tell :-))

[bmnsa] 21/2/2020 08:22

The lion is awakening.