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Corpse down 2p today over there and a nice amount of sells. It’s a tampers paradise txp. That balloon is being popped.
TXP will be signing off a gas contract in CEO words worth billion dollars, l have read your CEOs last report as they say DYOR. Good luck to investors here.
Greg you have so much to learn.
TXP drill down to TD on proven hydrocarbons where is yours,probably stuck where your sun does not shine.
So TXP has twice as much debt as cash?
So you admit again NGMS "you didnt think"
So you have memory issues, you don't think, but you do think you can have a pop at others maths capabilities, when clearly you are pretty incompetent.
You do realise its against the law to mislead people on these boards, so is your excuse as I suggest , that you are just incompetent...
How many more "mistakes" will you make today?
One mistake I have not made is seeing TXP as a naked short opp... Going down very nicely now.
$230m. So £180m at exchange rate 1:1.28. Going at 28% of par on the secondary market, just over £50m. How much cash have Hur got in the bank? Remind me again.
"no chance" - that maybe turn out to be the case but it is almost 2 years away - or can you see the future?
raising the serious doubt would be fair and balanced but saying no chance - Could be considered misinformation? no?
I didn’t think TXP had any debt, thank you for educating me and spurring me on to do my own research. I agree they have $15m of debt with nearly $7m cash when last reported.
At least it’s not $230m with no chance of repayment when due.
ngm - I am not disagreeing with your long term view of the company. There is also a need for all opinions on hur so that people can make as informed as decisions as possible.
however you would have more credibility if you did not provide what could be considered misinformation yourself
NGMS you are a liar, who masquerades as some sort of knowledgeable helpful friend, but really you are a devious and dangerous swine, your activity should be treated with the utmost suspicion. You are a total fraud.
NGMS on TXP
"Except they have no debt..."
The facts are (August this year)
Touchstone highlighted that it had enhanced its financial flexibility and reduced its overall cost of borrowing, by refinancing long-term debt. It exited the quarter with some US$6.89mln of cash, and had US$8.46mln of net debt.
Why did you say TXP had no debt then, an absolute lie.....
No I leave such behaviour to yourself and others. I actually come on here to help people avoid the misinformation and take a more pragmatic look to aid them with there own research.
NGMS do you deliberately come on these boards to mislead?
Wrong again NGMS, they do have debt
https://www.proactiveinvestors.co.uk/companies/news/212816/touchstone-exploration-is-accelerating-exciting-exploration-at-ortoire-project-212816.html
Production and financial performance
Touchstone released second-quarter results in August confirming average daily
It reported meaningful cost reductions, with operating costs down 28%.Financially, the company reported a US$2.74mln net loss, narrowed from the US$9.24mln it lost in the preceding quarter.
Touchstone highlighted that it had enhanced its financial flexibility and reduced its overall cost of borrowing, by refinancing long-term debt. It exited the quarter with some US$6.89mln of cash, and had US$8.46mln of net debt.
ngms27,
So all of a sudden, your "December average 9.5k bopd" has turned into "10682 bopd at 31st December 2020"?
Lol, at least admit you've been wrong rather than side tracking.
British, another stock, nothing to do with hurr
Except they have no debt...
and what is txp?
It’s a model just like Professor Furgussons.
Let’s try this another way.
From the 8th September to and including December 31st there are 114 days. Allowing for 95% uptime production takes place for 108 days.
If we follow a linear decline and average 12k bopd over the whole 114 days then the exit rate on 31st December 2020 will be 10682bopd
It would take 28 more days production to drop below £10k
However decline curves aren’t linear, like Professor Furgussons model they are exponential.
It’s a model make of it what you will.
The 16:37:32 -26,589,975 trade @2.76 is from Friday 18/09 But for some reason is showing up today as a minus?
Anyone any ideas why a trade from Friday would show as being reversed today?
Low cash, high development costs. RSI in overbought territory, lots of ramping.. Just wait till the drill results, and you will see it drop like a stone.... If its good after a small rise. And net debt looks potentially nasty.
Can u elaborate what is TXP? what is your basis for predicting the sp to go down. Any fundamentals please?
Good selling volume over at TXP... Yep looks very very toppy.
Yes, TXP looking like a D4E. DYOR.
You criticise someone's maths yet you are allowed to have "memory problems"
As two faced as they come..
TXP going down nicely, thanks for that - good short play. 6m cash, ramped by idiots like you to 140m.... Will be pain for equity there.