Trinity Exploration & Pr... Share Discussion Threads

[aimmafia] 25/9/2020 10:14

I think you will see new investors coming in now sentiment is back. Plus when the day traders start hitting it will really force the price upwards.

[mark10101] 25/9/2020 10:12

Nice start to the day, been adding to my holding this morning as feel 10p plus is finally calling. Big few weeks for TRIN coming up imho.

[aimmafia] 25/9/2020 10:03

If they do.... trin will absolutely motor. I'm glad I bought in when I did!

[spellbrook] 25/9/2020 10:03

Hopefully TT Government are ready to properly address the SPT this time round

If so MOU and CAIRN ENERGY looks even tastier

[aimmafia] 25/9/2020 10:03

Tick up coming - need volume and we will smash 10p

[aimmafia] 25/9/2020 10:01

Significant scope to reform and grow oil production in Trinidad:https://energynow.tt/blog/oil-is-still-good-business-but-needs-reform-to-flourish

[aimmafia] 25/9/2020 09:30

If we get spt reform $75pb for 10 years minimum, plus positive results we will see a huge move up here.

[bad gateway] 25/9/2020 09:09

Golden cross was yesterday so good to see it moving up today. See where sentiment takes it from here.

[aimmafia] 25/9/2020 08:50

Spt reform 5th October Production update mid OctoberLoads of news dueCould be a powerful day today with volume

[nocents] 24/9/2020 20:59

Oili
Great to hear
Hope you are ok
Yeah covid life is tough.
Investments a bit hairy!!!
Let me know how you are

[oilinvestoral] 24/9/2020 13:17

How are you keeping Nocents? Hope you're doing well in these uncertain times ? Chin up and take care

[aimmafia] 24/9/2020 09:34

Absolute steal at these prices.... surprised me touched 9p again

[nocents] 24/9/2020 08:37

Or mindless comments.
I rest my case.

[mustbefunny] 23/9/2020 22:14

You are right. What we need are daily semi-coherent anti-management rants.

[nocents] 23/9/2020 19:45

Intelligent Trin chatboards now become history it seems.

[aimmafia] 23/9/2020 12:58

And no I'm not selling for a silly 20% rise

[aimmafia] 23/9/2020 12:58

7.5p to 9p is exactly 20 percent or do you need a calculator

[wwick] 23/9/2020 12:14

A future for oil in T&T?
[...]

The small oil companies in this sector have been clamouring for changes to the oil taxation regime for many years and especially for changes to the SPT. This is a topline tax on revenue that kicks in as soon as prices average over US$50 per barrel and it has proven to be a significant disincentive to investment. The tax was originally introduced as a windfall tax in 1981 when US$50 was a very high price for oil. The small oil companies, supported by the Energy Chamber of Trinidad and Tobago, have long argued that this is no longer a windfall price and the effect of the tax is to push small oil companies into a negative cash flow position when oil is in the US$50-60 range, and hence acts as a significant disincentive to investment.

Small oil companies, as well as the local contractors and service companies who service this sector, were therefore delighted when they read the proposal in the People’s National Movement election manifesto that the floor when the SPT came into effect would be raised to US$75 per barrel. With the success of the PNM in the August 2020 Parliamentary elections, the industry is now closely anticipating the national budget announcement due on October 5th 2020 to see if the Minister of Finance carries through on the promise made in the manifesto.

This change in SPT for the small oil companies, coupled with the coming on stream of the Ruby project and deepwater exploration success, might just give new life to the over-one century- old Trinidad and Tobago oil industry.

[wwick] 23/9/2020 11:51

Oil is still good business but needs reform to flourish - Energy Chamber

[...]

[p5tvr] 23/9/2020 11:18

It's not 20% now!! Did you sell when it was?

[aimmafia] 23/9/2020 10:40

Are you actually moaning after a 20% rise..... you shouldn't be trading