Trinity Exploration & Pr... Share Discussion Threads

[nocents] 12/3/2020 15:39

GBoy
You know sweet FA about me or my background. Nor my rationale.
I would consider myself offensive if I stepped over rhe line like rhat. “Omnipotent projective identification”; they call it in psychotherapy. Putting your own imaginative ideas upon another which have no rationale.
You would have to know me. And my background in this investment. And you don’t.
The delusion lies in your omnipotent -dare I say mildly offensive-suggestion.
Did it help me or anyone but yourself for you to say that?
Even if it were true, so .... g what? Is it your business? Do you own these shares or are you trolling? Was it meant to altruistically help me??

[grannyboy] 12/3/2020 13:26

nocents you are the epitome of someone falling in love with a share, and taken with deluded is another black mark..

[nocents] 12/3/2020 13:15

But your point is arguably very good . BP /Shell = bargains.

[nocents] 12/3/2020 13:13

Why buy Trin???
Remarkable remarkable upside.
Been here got t-shirt. Mark saying same thing yesterday. We have seen it double and triple in 2 weeks many times. Shell won’t do that. Stable. Secure. Probably more sensible investment . Me? I’d buy Trin right now.
I am a poor example of a good balanced investor.
But Trin has done it all right an

[nocents] 12/3/2020 13:08

Fair point. Althogh more 40 than 50 really. Yes . I’d opt for BP tbh as divvy more secure. Therein may lie one reason why neither are bulletproof.
Trin is 6p. I think we have a rocky road for oil mid term but the rebpind could be very interesting. Imagine Russia’s perfect price of $45 in 4-6 months if shale reduces production and can’t resume at that price.Perfect price for Trin too in fact. And is likely to pressure SPT reform. Politicians are so often so so arrogant and stupid. Cameron - referendum/ Blair Iraq/May EU / Imbert and Boris too many things. I have met so many ( even Edwina the egg basher) and it’s why I relinquished my membership of the Con. party. Astounding arrogance.I found the budget distastefully pompous.
Let’s hope Imbert loses SPT for the whole of 2020 and the election

[astorcourt] 12/3/2020 12:42

But why would anyone buy this now when you can get Royal Dutch Shell at 50% off

[nocents] 12/3/2020 12:28

Is good. Jan and Feb aberaged $55.
With no SPT that will swell the coffers. April update should be uplifting considering we are at 31 dollar oil. People really should not forget $6 hedging per barrel plus absence of 22% SPT. It’s not $65 WTI but in the circumstances it’s bloody good . The market should recognize it but as usual Mm’s not interested in value nor detail...just trades.Trin dragged down. Unjustifiable but it’s what happens. Blanket drop.
Corona is being seriously overplayed but every crisis I can temember always has been!! And the media love it. Scare us and feed upon it and keep it all going.

[pavey ark] 12/3/2020 10:08

Just had a look at the realised price given in the recent update against the actual WTI price and the January premium received was under 1% and February was about 0.5%.

I don't know if the premium received is on a sliding scale but it would appear to now be very close to the actual WTI price.

The average realised price for March should be very close to the March WTI actual price.

What the above means is that for a Q1 average realised price of $50 the March WTI price has to average $40.

If the price ends the day at this level we are already under $40 average for March.

I'm not a gambling man but the odds are that the average for March stays under $40 and if that is the case TRIN could start this very difficult year generating close to $3m free cash in Q1.

I do think that things will get worse before it gets better but with the price options in place, low taxation (for once)and low operating costs TRIN does look in a relatively good position.

TRIN could ride out $30 oil for a number of years but simple economics points to many oil company failures, reduced exploration and development funding and a drop in production.....then a price rise.

I don't believe that oil could stay below $35 for more than a year.

[spellbrook] 12/3/2020 09:23

13 more days for TRIN to have no SPt and more $$$$ in the bank

[nocents] 12/3/2020 08:45

Sleveen. You good man.

[sleveen] 11/3/2020 21:57

Purely as a precaution, if practical try and reduce contact with other people for you, your wife, your son and mum.

Online shopping rather than walking round your usual store.

BW

[nocents] 11/3/2020 21:12

Albert. Well said. Exactly my point regarding well run companies with care for due diligence. As I said, I know nothing about Ptal. Been investing 37 years and got caught out in 2014 and lost more than 3/4 of everything. Has made me a deeply cautious investor with little trust having been mugged. I was a mug but I was mugged well and truly. So I do not trawl the marketplace and know only my historical companies. But I know them well.
No debt is the key now. Banks will be knocking. As with shale. Even Chevron halted their shale plans only today. Massive Permian company.
Let’s see how Russia play this. The bear.

[royalalbert] 11/3/2020 21:03

Nocents fair enough fully agree regarding price drop for all oilers, but there are good oilers with no debt who will survive. As for the American shale industry that's a different story.

[nocents] 11/3/2020 20:55

And it won’t go bust after that anyway!!!

[nocents] 11/3/2020 20:55

Sorry for the distraction. My comments were not a reflection on the companies mentioned in any way. Sorry if some thought I might have downplayed companies. Purely and only referring to the drops in share prices. Nothing else. I know zero anout Ptal and next to zero about RRE. Know Tullow and Petrofac very very well.
I am utterly ignorant regarding RRE 88E and Ptal . Zilch
It’s the share drop I was bringing out. It’s not just Trin.
In a long oil bearcmarket we are ok in Trin for 6-9 months.

[oilinvestoral] 11/3/2020 20:53

PS : it wasn't my analysis it was a tweet that the company issued and also wrote on an RNS!

[oilinvestoral] 11/3/2020 20:49

Yes oil temple apologies for the off topic ! It's just that no cents mentioned the company and decided to respond! With regards to decommissioning RRE are obviously the only oil company that have decommissioning liabilities on the balance sheet. Have you seen TRINs balance sheet ? Answer on a post card. Once again sorry for the OT!

[otemple3] 11/3/2020 20:46

Not the place to discuss RRE really but your analysis is a little misleading as you have ignored the humongous pension / decommissioning liabilities. Market seems to believe at these oil prices they are going to struggle to cover them and they missed an opportunity to reassure on profitability / cash flow in a low oil price environment with their RNS yesterday unlike TRIN, JSE & PTAL.......

[royalalbert] 11/3/2020 20:36

Nothing wrong with PTAL nocents in my view, both them and TRIN put out good rns's on the same day.

[oilinvestoral] 11/3/2020 20:29

At the end of February, Rockrose was debt-free with net cash of £272.1 million - equivalent to £20.75 per share #RRE

[nocents] 11/3/2020 20:25

Oili
Points taken. I stand corrected.I was being far too superficial about 88E . I heard an analyst’s report but he prob knows fa.
RRE I knew no debt . Didn’t know so much cash . Just saw 65% drop in 2 weeks.It was recommended to me here a month ago. Glad I didn’t. Told it’s a very well-run company though.
Fallout

[nocents] 11/3/2020 20:20

Official US bear market. Down 5.86%
Fed will drop rates next week and re-intro QE IMO.
Shale in trouble

[oilinvestoral] 11/3/2020 19:58

RRE has more cash than its market cap and has no debt! Much safer than TRIN IMO . Fall is due to investors taking profits over past few days

[oilinvestoral] 11/3/2020 19:57

No cents I would rather be in TRIN rather than 88E! That one has been an ever big dog than trin and lost 80% of its value in 3 years