Member Info for Confounded

Good, just don’t want an event like last year’s rare hurricane putting a kibosh on things.

WO, do you think the earthquake has a had an impact on TRIN? Early reports from Wednesday was that all was good but just wondering if it takes time to assess these things?

https://oilnow.gy/featured/earthquake-watch-refineries-og-installations-operating-normally-in-venezuela-and-trinidad/

DH, I had 16.8p slated as the deal level but looks to be the closing stages of a 16.7p deal. We have seen days like this before where a chunky deal is closed, the moves have been good post close.

I may have been a day early with my call, excellent volume and tight spread looks to me as if this is the last flush of the deal being worked, could be a good move from here now.

Workover, I think the real problem with TRIN is it can be very thinly traded at times, this can make it hard to accommodate deals and MM do there job of working them the best they can. I am not aware of any dark reason for wanting to suppress TRIN beyond that. Hopefully as TRIN meets more peoples criteria (I think yours are spot on and probably learnt the hard way like many of us, although industry experience may have give you a smoother investment journey!) it will increase daily trading volumes and general interest in the share. I would never suggest that it is possible to hold TRIN back or pump it up against a high volume trend which would be new driven.

We are in the summer doldrums, my view is the Autumn will be a lot more interesting for TRIN holders.

Totally agree work over. Best stick to talking about the valuation gaps that will form as TRIN and T&T goernment progress through the year. Those gaps will close regardless of background noise.

Workover, it is not a constant thing but just occasionally an order is worked and you see the stock behave like the last few weeks. Then it will take off for no reason. Could be this week it could be next but TRIN has had multiple periods like this. We have also had periods where I have disagreed with CRL in that we had a phase between 15-18p where people were simply trading the range. CRL was calling foul then despite being part of the selling and buying the range. We have spared on this issue before but all amicably. New placing shares is a possibility but the shares were trebled in issue back on Jan 2017 and we went from 5p to 18p without selling pressure from those new shares. I don't believe there is a master plan managing the stock and do agree 80% of the time it simply supply and demand. The key is just to sit and wait for the switch as it happens quick with TRIN.

Looks that way, certainly given the last few weeks trading action. TRIN was never going to regain a sensible valuation until the last of the placing fall out has cleared. That could well be now as HL was the only decent broker to resolve their poor handling of the placing. I am glad to have bought in the open market and miss it all, but that was only because Barclays seem to have given up on their brokering business and could not be bothered to partake at all....

Anyway it was always going to take some time for the dust to settle and it does seem with new investors coming in atm the tide is turning.

I have a feeling today they will loose control of the order they are working atm. Yesterday was a tremor into the 17’s which they got back down. Any decent buying will be a lot harder.

CRL, I too believe we are in one of those phases again. Looks to me it is being worked around 16.8p. We all know where this is heading and we willl rise shortly, volume or no volume.

Great given you are familiar with them (I have looked at them all as often posted when I make a similar post here and ADVFN). What is the enterprise value PE. The easiest comparison. TRIN has a number of things that if go our way could will dramatically improve the PE.

Workover, Petrotrin is more reliable and fair than most avenues for sale for AIM oilers to the point TRIN should be at a premium to most AIM oilers if that was a factor.

Also our margins are pretty much the best In the industry AIM oiler or not, with returns more caparable to the financial sector. So again we should be selling at a significant premium to most oilers, AIM or not. Name another debt free oiler on AIM making the profit we are.....

Company reputation, well very possibly, but why a new share holder should care about the pain us long term holders have endured is a mystery. A bargain is a bargain.

CRL, I believe we are in a period of suppression identical to periods prior to the big moves up. Valuation gap currently is a big as ever before and that is ignoring any M&A activity that would put the fund raise into context.

Sanchopanza, come back in a few months..... To say TXP is lower risk than TRIN after TRIN is sitting debt free with $20m in the bank is laughable. Remember P B took TXP to AIM to raise money. He has a very small holding for somone sitting at the head of such an exciting company. Each to their own but 100% in TRIN for me as a play on the changing and exciting landscape T&T will hopefully be in the coming months.

We had nearly 200m shares added to just 100m shares, tripling those original share that I held in 2017. We went from 4.9p to 18p overhangs can be deceptive.

Who knows what the future holds but an enterprise value of £44m seems very cheap to me with oil at $70 and producing 2821bopd. Looks cheap relative to TXP that everyone seems to be pumping atm, talk about jumping from the frying pan into the fire.

I read that when is came out but it only show a few 1000’s being bought but not their total holding. Can’t find it on the company website or the latest presentation. Hence asking. Just trying to establish how much skin in the game PB has, I like how he come across in interviews and vision going forward, to be matched by a chunky holding would be very encouraging.

Is PB’s total holding only 1m shares as per LSE is showing? Does he have options to increase his stake?

Malcy’s latest

Https://www.malcysblog.com/

“Trinity Exploration & Production
A Q2 update from Trinity after a momentous few weeks in which the company completed its $20m fund-raise and production commenced from 2 new infill wells, a ‘pivotal period’ indeed. The raise will accelerate onshore activity as well as repaying all outstanding debt making the company a very attractive prospect in the sector. The 2nd quarter saw a 4% rise in production, up an impressive 16% y/y.

An initial six new onshore infill wells are to commence 2H 2018 as the company get set to start increasing production even more. With a strong balance sheet and increasing production across a largely fixed operating cost base shareholders can expect a ‘step change’ in earnings in future.

Whilst it is understandable that there has been some post-raise indigestion it has to be realised that this was way the best way of sorting out the finances going forward and the company are now set fair for some time to come. With significant cash flow and high margin production the shares look distinctly on the cheap side, my target price, adjusted after the raise is still above 30p per share making it one of the most attractive in the sector.”

As I keep banging on about, this is the area that interests me the most.

“as we move forward debt free and ideally positioned to take advantage of future opportunities as the environment in Trinidad & Tobago evolves”

My Dad is with the share centre and has been told a number of things regarding his allocation, consequently don’t know what to believe. Hopefully all is sorted soon and good luck!