Trinity Exploration & Pr... Share Discussion Threads

[imjustdandy] 01/9/2020 06:58

Moving week ahead of results - I'm expecting to see the share price back above 15p after results. Will we get a dividend?

[nocents] 30/8/2020 22:43

SPT ( not SPA) -typo

[nocents] 30/8/2020 22:41

Cash just makes it more stable and offers small well acquisitions. There is not enough cash to come close to funding Thal which won’t happen with SPT present. If it does then Trin are stupid( and they are not so it won’t) . The cash offers the CE emotional stability after having nearly lost the company in 2016. Apart from that the cash and the $2.7 m loan ( which is fairly cheap but utterly unnecessary) is just dead cash.
Every time they are asked what it is for they say keeping powder dry or for” inevitable opportunities”.
Actually these opportunities are not inevitable at all.There has been no hint at well acquisitions nor any other use of the cash.
The loan can be to develop a relationship with the lender.
It’s a bit like rhe RNS. It is hard to know what it is for and what the truth is. Why release that RNS ...why not after SPAt change ( which does not seem to be happening anyway!!!!) So why the RNS???
Why the loan? Why the cash?
I’m not sure we really know the true reasons. Trin is not run for the benefit of its lowliest stakeholders( the private shareholder). It is run incredibly efficiently in order to serve employees and pay a chonking salary and to serve the homeland.
I am not cynical.
The BOD are very very good at what they do. And very nice people.
But it is an oiligarchy ( pun) run from the top.
There is some truth in what Astorcourt says. Great business.
Hyper efficient.
So why does the market scorn it so??? ( we know)
Growing cash is good but does not make an investment case until we hear about SPT . It’s all about SPT. Period.

[astorcourt] 30/8/2020 19:39

But they pay interest on that loan they took out,

I was excited for the reason they took the loan, aquisition maybe.

But then reality check come, this lifestyle company, all loans welcome here.

[spellbrook] 30/8/2020 19:04

Cash growing and being worth nearly half Trins value will make it stronger imo,

[nocents] 29/8/2020 18:55

There is no other investment case.
A few onshore barrels up to 3,500bopd is no reason to invest-effociency or not.
8500 bopd inc. offshore TGAL is .
SPT is the only valid variable as it negates WTI $50-66. Why bother with expansion if you lose money?

[sleveen] 29/8/2020 15:36

Isn't the TRIN investment case mainly removal of SPT?

[nocents] 29/8/2020 14:48

As we approach the LTIP threshold dates I have no doubt we will see the share price supported.
I still do not see why the latest RNS was necessary. Why not put it out AFTER SPT change as it was more a political commentary of potential . It temporarily helped the share price rise-that’s all. I don’t see why it was released at all.
No debt...irrelevant to the s/p.
SPT change is the only meaningful variable. It would be sensible to get rid of SPT as it essentially is bringing zero income for the next $8 ($42 to $5o) and stunting potential. But that never made the govt see sense before so who knows??

[nocents] 29/8/2020 13:22

My point exactly.

[princebuster2] 29/8/2020 11:37

Been saying that for two years now nocents...enough with the ‘no debt’ thing cos it means nothing for the sp!!

[nocents] 28/8/2020 22:43

It may be thst focus is on covid in T and T at the moment. Tragically first deaths today. They have to naton down the hatches like we did as they have mot had it yet.
Trin have done and are doing a professional job on that count-risks controlled . It may however be a reason ( or cynically an excuse) for no SPT attention.

[nocents] 28/8/2020 22:13

SP
No debt is important but it hasn’t helped Trin’s shareprice one bit yet. Since the Placing Trin has had no debt and it has just been a downward spiral. No signs of any upward movement as yet. 28p to 15p to 13p (2019) to 5.5p ( Q2). Now 7.8p
What it does do is limit the downside and the risk of liquidation ( which some of us lived through). It was an abysmal year ( 2016) which was shared by the BOD and particularly BD. Utter misery here too. IMO that had such a shocking effect that the risk of it ( and the LTIzp terms) called for no debt. Most companies have debt. Some expand massively because of it. Macro environment usually strongest variable.
No debt was a choice which has cauterised the fingers of shareholders for no benefit ( as yet??).
I can’t condone no debt. It has stabilised the downside but crippled the share price.
Only SPT change-if and whenever-will liberate Trin. Without it the price WTI will permanently hang over this company. BP/BHP etc. can afford it. Trin is stuck and unable to grow as long as SPT exists.
Value has not prevailed yet. It can’t until Trinity is seen as an investment with real potential.
No dividend means no incentive to hold. So it just becomes a share with holders ( we all know who) waiting for a quick profitablecexit.
As very very very LTH I won’t turn from the truth. Trin is as efficient as it gets. $21b/e fGs!! How amazing is that!!
But it’s not going anywhere until the govt.stands by its promise on SPT and we’ve heard nothing/nada/niente/rien/nichts sweet fa yet!!!
Here’s to hoping.

[nocents] 28/8/2020 21:46

Unlikely first week.
Trin usually week 2 or 3.

[imjustdandy] 28/8/2020 21:43

Are the Results next week or the week comm 7th

[aimmafia] 28/8/2020 21:30

It's the biggest reason I have invested here. Cash in bank is growing and will eventually overtake market cap. The share price must go up sooner or later.

[spellbrook] 28/8/2020 18:47

Not many aim Oiler’s with no debt and half their shareprice in cash

I’m just adding

True value will prevail

Ultimately debt will kill many

[aimmafia] 28/8/2020 14:46

Looking perky, not long til results

[nocents] 27/8/2020 22:29

Lol
Nice one

[mustbefunny] 27/8/2020 21:42

No mews. Might get a dead cat bounce

[aimmafia] 27/8/2020 16:39

Good old nocents, deterring all brand new inversions.What an absolute cancer to the board.

[nocents] 27/8/2020 15:58

Down she goes.
Same old.
Need SPT mews.

[nocents] 27/8/2020 12:16

No.It isn’t obvious.
We don’t know either way
We are talking about possibilities of reneging. They may fulfil their promose as T and T need revenue and WTI is not expected above $50 this year. I am referring to a govt which tends to sit on its hands.
We can be surprised either way.
We just have to see the whole picture.
Astorcourt-why do you post if you do not hold? You can post if you want but it is always undermining Trin. I don’t know why you do.

[astorcourt] 27/8/2020 12:03

leopard not change its spots. SPT will remain as it is, obvious isnt it?