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Ticked up after some very nice buying pressure
Level 2 just 1 v 1 another decent buy 11k just printed ... not sure how long the 38.50 stock will last.. we shall see but hopefully today we draw a line on the bottom and start to move back as I see this deal as a great opportunity on top of the assets we already have.
Be greedy when others are fearful :)
I see the deal as a great opportunity, as the board obviously do also... I look forward to the numbers next week.
Well done Sirmark nice to see a blue buy - this constant selling is depressing now
Mkt cap of just £89mln is so disproportionate compared to the assets and revenues coming.
Also before the headroom on the finance deal got approved they would have run the numbers for the acquisition and they are more than happy...so there's some additional comfort that an objective eye has run and approved the numbers.
About to buy another 81825 before it prints :)
Leapinglemming, The "wall of cash" statement has been a mystery to us all. PB has never apologised or sought to explain such ridiculously optimistic words but, clearly, the market, II's, MM's and other big investors have held this stupid statement against the company since. d Indeed, if you go back at least a year, you will note that the any RNS containing positive news during that period saw the sp move downwards.
I have said before that PB does not come across well in presentations. He may have full knowledge of the company but he fails to get the message across.
These assets they bought are dirt cheap look what Jse paid in feb for CWLH oil field interest I think 2000 bopd extra .Think it added up to 100 million dollars over the year .looks like bottom is in here .
Thanks - my only worry is if they give April production for and it starts with a 6k
Q1 earning report - from IR.
ER = end results?
Source? Mind to share the www with us here?
ER should be this Tuesday. So hopefully only 2 weekdays from a great and SP moving RNS!
It's about time we had some good news here. Malcy has also said it could be the share of the year and it'll get to £2..... A clock is right twice a day though..... I'm not confident, when was the last time we saw a positive RNS???
With Edale buying so many. Why another dip in SP.
I’m struggling to see this mythical “wall of cash” promised so long ago.
PB and the numerous other and soon to be more Directors have trashed the SP.
Edale Capital LLP and persons connected
Picked up an additional 2mln shares now holding 12mln over 5% ... follow the money, the institution now seeing the wall of cash on the horizon and wanting a piece of it !!
There’s no charge for filing the Takeover Panel forms.
It must be costing a fortune in RNSs with all these forms 😂😂😂
Potentiall looking at last years dates for Q1 results, there is the potential we will see them tomorrow, Friday May 10th, if not then agree, next Friday the 17th is on the table, soon tho, hurrah!
Terminal decline unlikely, seems like ST1 is ok, Deep is not and the skin damage hasn't cleared up as hoped. Most likely they go for the Deep again from B pad.
Q1 ER is out in 6 days. Hopefully we'll know more then. I still believe in Cascadura... and haven't sold - but not buying more either.
In the malcy blog 19th April he talks about rates flattening out so it doesn’t look like terminal decline
That was a response to Johnoxxx btw - crossing posts - would be nice with a 1 minut edit window on new posts :D
Dunder, I read your post on ADVFN and I agree. (But) it's too time consuming to keep up with all the BBs :D
How much do we really know about the reservoir yet? It's difficult to drill and decline rates might be worse than expected? TXP is not super keen to get the wells tested for sure.
I'm just saying that the timing for this deal is SO BAD! that you (if you're a logical man ofc) have to ask yourself: Why and why now?
Why the dilution now if you're about to double own production (and hence more than double SP)?
TXP can spend a billion dollars and not be done with all the targets on the plate now, so there's certainly no need for more acreage.
I like the tax asset, but it's not going anywhere. I don't like the fact they're mainly oil in an awful tax regime for oil. And I think the synergies could be better (how much can costs really be reduced).
I'd rather keep +150.000 of my shares instead of handing them over to random Trinity shareholders in a combined company.
Ah ok Sturm I don't post on Discord anymore for other reasons (or many other free bbs as there are more important things to do with my time so will not reply again here) but still pop in occasionally to Discord as it is a good data repository and hadnae seen any of your posts lately - but probably just simply missed them among the other "chat" ahem. I do like your "out of the box views" and absolutely could be pertinent however, perhaps the timelines would be indicative of more, on the lines of, utilisation of tax losses, Galeota "optimisation" or whatever the latest references are now (LOL) plus "better quality" staff to be the main motivation back then - which admittedly also could be turned 100% (ie for survival rather than growth if Casca does not come in?). I am still a "fan" of Casca and would be surprised if it turned out to be a "write-off" (these things do happen though?) but there is always self perpetuated nervousness where Clown is involved - due to his own historic exuberance setting expectations too high - but obviously can appreciate the perceived risk profile is now significantly higher than before the Chinook and Rosyton debacles and the waste of cash that could have been directed much better elsewhere at the time. As ever all IMHO and DYOR of course.