Trinity Exploration & Pr... Share Discussion Threads

[bmnsa] 16/3/2020 12:50

Our Government are a sham.

[sleveen] 16/3/2020 12:43

Testing for any condition is only worthwhile if it alters disease management.

So should someone have symptoms the best thing to do is self isolate and only contact medical services if there is deterioration in breathing.

Patients entering medical facilities will be tested to ensure the appropriate treatment for patients and barrier methods for staff.

If you feel your breathing is deteriorating contact 911 and they will triage.

BW.

[pavey ark] 16/3/2020 12:16

Well, just back from my run and I can confirm that that tides are still ebbing and flowing and the sun is still moving across the sky.

The situation in the equity markets would suggest that things aren't even a little bit normal.

I'm pretty confident about my cash predictions for Q1 so would point out that the TRIN share price is now , less cash, the princely sum of 2.5p.

The options cash would take .5p off that.

So there you have it......TRIN is being priced at 2p a share.

Time to give the garden a tidy and check if the plants know that the end is coming.

Again, I'm not saying "buy" ....I'm just saying this looks a bit strange.

[sleveen] 16/3/2020 10:25

Nocents I hope you are keeping well?

Agree, at current POO ENQ/TLW/PMO etc are toast in due course.

[pavey ark] 16/3/2020 10:23

I thought I'd share some freaky economics with you all.

At the current price TRIN has a market cap of $26m

At the year end the cash was $13.8m

If Oil stays at c. $30 for the remainder of March the average price received for Q1 is $47.

It is almost certain the cash at the end of Q1 will be greater than $16m.

TRIN is being valued at $10m

TRIN has on onshore break even of c. $20 (lifting cost $11, G&A $5, royalties $4)

They could drastically reduce the off-shore production and maintain (increase) onshore at 2000bpd and make money at $20-$25

Few oil companies come close to these figures and NO ONSHORE T&T PRODUCER COMES CLOSE TO THESE FIGURES.

I am NOT saying buy but it could be useful to look past the fact that TRIN is an oil producer and look at the figures.

[nocents] 16/3/2020 10:18

We will ppssibly see the demose of many debt-rodden piloes here. I expected QE in the US today. This is a stop-gap. The banks will still want their debt repayments for companies now making a significant loss. Not sure if chapter 11 can save them.QE will help but is a sign of panic.
US handling corona it very strangely but not with the abject ignorant apathy pf the UK. Horrendous lack of action. It is making an epidemic inevitable...even the WHO says so.

[nocents] 16/3/2020 08:38

SPT is dead
48% retains $6 hedge payment
ORR ‘s reduced
$26.6 b/e
Jan $58 Feb 51 no SPT ( can’t see oil climbing to $40.2 ave in March now. Panic rules.
SPT probably dead Q2. Under $50
Longer term ..shale will struggle to exist.
Trin is in strong position
Only neing dragged down by market IMO

[spellbrook] 15/3/2020 21:11

Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program

[royalalbert] 15/3/2020 13:27

Spellbrook have you had a look at PTAL, netback $11 at $30 a barrel, no debt. Another good company for you to look at.

[spellbrook] 15/3/2020 09:20

I bet a lot of small aim oilers would love to have a $2-3 million BONUS coming in 12 trading days

Also having no debt and an existing cash pile should reap rewards

Plus a Caribbean loan arrangement in place

[pavey ark] 14/3/2020 11:55

SPELLBROOK, I have little doubt that the oil price received by TRIN will stay below $49 in Q1 and I'm afraid it will probably be below $49 in Q2.

Although these prices are good for TRIN and certainly the Q1 figure will mean much cash going onto the pile these figures will mean that the Coronavirus is rampaging on.

I don't see how oil could ever rise without some sort of a reduction in infection rates.

Let's see what the summer brings but as thing stands it looks like oil will be closer to $30 than $50.

These real concerns to one side it remains that TRIN is in a better position than almost any other oil producer and given their ability to produce cash at anything over c.$29 they may be in a better position than most other companies in almost any other sector.

If by the end of Q1 you have over 50% of your market cap in cash and if in addition you are one of the lowest cost producers in your sector then they you look a very safe bet.

(this applies to ANY company in ANY sector)

[spellbrook] 13/3/2020 21:49

12 more trading days until hopefully the TRIN 2-3 MILLION BONUS arrives

Also NO DEBT

[otemple3] 13/3/2020 19:40

Which I suspect we will get Monday lunchtime as ST will update following the announcement and prior to results

[nocents] 13/3/2020 17:14

Needs media coverage.
However..FY 2019 + financial and production update in 3 weeks.

[otemple3] 13/3/2020 16:01

Looking like a more reasoned market response today with a lot of the higher cost / indebted companies falling and those such as Trin with a low cost base & significant cash balance rising. Maybe the market will wake up to the unexpected bonus of a couple of $m additional profit/ cash flow in the quarter due to the fall in oil price soon....

[nocents] 13/3/2020 15:44

You are right however that Trin’s bonus is hidden. Too many people biying the other bargains.

[nocents] 13/3/2020 15:43

It needs a bloody fast response. Oil unlikely to average $50 Q2 by looks of things. The govt. are so inept they are likely to cook the books or raid the Heritage fund . They have dug own grave. Lack of basic economic understanding and rigidity. Rowley is past it. Need new PM.
The problem for us now is the eternal scourge of the flipper..would you not agree? It prevents real progress for shareholders.

[spellbrook] 13/3/2020 15:32

Counting the days down

TRIN BONUS fast approaching, not everyone knows this

TT Government needs a fast response to get SPT reformed and get Oiler’s drillling, which will ultimately lead to more TT employment and eventually more TT $$$$

[nocents] 13/3/2020 15:28

Spell
There is a good chance that Q1and 2 will be SPT-free. $45-7oil Apr-June is all it takes. That’s a big chunk of govt. revenue lost from BP/BLT/Heritage etc. Budget will not balance pre-election. Their lack of understanding led to this .
If they could fiddle the books they will. Here’s to 10 more days at this level.

[nocents] 13/3/2020 15:23

Darn you Mr. Spellweaver !!!
Wish I could.

[spellbrook] 13/3/2020 15:04

That’s my last top up

No debt, cash in the bank

2-3 million to hit bank balance if no spt payable

[spellbrook] 13/3/2020 14:45

6p-9p possible, big percentage increase

Nows the time to add

[nocents] 13/3/2020 14:31

Hey Archie
Sorry mate
Mine wasn’t really meant seriously either!!
I do know how expensive a well is but it was just a throwaway comment by me too. :-)
Keep ‘em coming

[archie61] 13/3/2020 13:27

nocents, just a play on words, bit of light humour