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Crude motoring on, I think we came off yesterday�s high because we bounced dead on $70 for Brent, hopefully after this test we will push on higher.

https://mobile.twitter.com/Trinity_PLC/status/951808657183911936

Looks like the brakes are finally off.

Yes it did look like they were scuppered by the oil price. I suspect there is a fair few asking their broker for stock at 16p. Amazing they found any sellers to oblige but can�t ignore TRINS profits at $64 and with oil looking like going further.

Thanks otemple, looks like things are slowing creeping up, oil is throwing a major spanner in the plans here. People will just have to pay a fairer price going forward.

What is the genuine buy price, somone said they bought at 16.2 on ADVFN?

Oil $64.4, exponential phase commencing. I think next weeks draws will be bullish. Maybe things will settle down in February but looks to be little that will hold us back now. Time to get that drill bit turning.

Tiny uncrossing trade to drop the price, oil at $64 and about to go exponential. Somthing is going to break soon.

MM seem in a muddle today, we have no sellers at this level (who would given TRINS current profitability and ridiculous price) looks to me the next leg beckons to raise volume.

Really liking this graph. I think oil could go parabolic from here until calming. So could go on to $70 or $80 pretty quickly. https://a.c-dn.net/b/0SGm7f/Crude-Oil-3-Year-Highs-on-Inventory-Draw-Global-Demand-January_body_IGCSWTI110.png.full.png

I don�t think the market can ignore TRIN for much longer with oil where it is.

Well the weather models proved very helpful in predicting the 11.16m draw in crude against the 3.9m expected (who made that number up....) https://uk.investing.com/economic-calendar/api-weekly-crude-stock-656 The weather models indicated the severe weather they have just had back on the 20th December when I first posted them here. They have just predicted another bout of cold starting this weekend.

Hi Weissy, yes that is why I thought if we were going to have noise it would be around $63. The US cold snap may have just thrown a spanner in the works. More cold to come so that will be supportive of the price. I really do think $70-80 is easily achievable in the build up to the US driving season. EIA has just upped the demand for next year by 100000 to 101.76 MBOPD, a staggering number. https://oilprice.com/Latest-Energy-News/World-News/EIA-Boosts-World-Oil-Demand-Forecast-For-2018-By-100000-Bpd.html

GO some great numbers in what is a very short time frame for what is supposed to be a forward looking market. WTI back in the $63�s off the back of API report. It may well just blast through the 2015 high. I am struggling to find an average Oil and Gas sector PE for the LSE but the US it is 25 PE, certainly gives us some scope to growth!

Currently we have pushed through the resistance I thought we would have around $63 (the 2015 bounce high). Disappointing drawdown numbers will be the reason for a retrace, but big numbers may push us past resistance on towards $70. API and EIA don�t always agree so will be an interesting few days. Whatever happens I would hope we are well into the $70 region by late spring.

Maybe oil is reacting the latest weather models that after a bit of warming for the US in the next few days it goes very cold by the weekend and into the future. http://www.weatheronline.co.uk/cgi-bin/expertcharts?LANG=en&MENU=0000000000&CONT=namk&MODELL=gfs&MODELLTYP=1&BASE=-&VAR=tmp2&HH=150&ZOOM=0&ARCHIV=0&RES=0&WMO=&PERIOD=

Hi PD, the asset sale did not go through, which I believe has contributed to some weakness, although with rising oil prices and the passage of time it may become a strength for not selling it. Also as a long term holder I am confident value will be more reflective of the business we are lucky enough to own at this level in the future.

There has been a bit of recent discussion on ADVFN, nothing concrete though.

Could be a number of reasons, but forward looking wether models show a more normal few weeks of winter after this phase, still pretty cold though, just not record breaking.

There are two reports the markets follow, Tuesday at 9:30pm API and Wednesday at 3:30 pm EIA