Member Info for crl123

Echo. Indeed.
The govt. does not have a good record but these are times when its arm is twisted behind its back. WTI is not expected to go over $50 this year or even Q1/2 or eve 3 and 4 2021.That would mean no SPT to the govt. for up to 2 years. Covid will supress demand as a vaccine is not definitely forthcoming and needs extensive clinical trials anyway. And it’d be the first vaccine ever for a coronavirus if it happens. So the Sword of Dampcles will suppress demand. The govt. have little choice but to finally address SPT but they may replace it with a tiered profits tax. Give one hand take the other.
The market certainly does not seem optimistic which is a shame. But markets can be caught out so we will see.
Q3 results should be very cash generative in 10 days with actual realized price of around $38 and breakeven of $25 ( most hedging expired end June).
So the govt. will need to boost oil output to make up for covid loss GDP and no SPT Jan to June.
As they are more than a tad incompetent I am not over-expecting. But they are bordering on Trump-incompetence if they just pay lip service and rob Peter to pay Paul. Unfortunately the PM Mr. Imbert is bordering on delusional at times so I remain open-minded.
Let us just hope for something positive.
I am surprised the market is reflecting nothing at all in advance though.

That is the healthy way to treat these chat boards.
And not an unhealthy way to treat the shares...top slice to realize profit and hold in a rock-solid company in volatile times.

Not referring to you re. other posts.
Your excerpt regarding non-devaluation scuppers it I guess.
SPT is all that matters.
And blinding Q3 results with high cash-generation at real-time sale price average likely to be $38. $1-$2 discount to WTI-not a premium infort. But with b/e at $23 Q3 it should look ok.re.cash generation as no drilling.

Echo not Echi.
Typo

Indeed. They will need to produce more oil/gas/ammonia to export to balance GDP. Whether this influences attitude to SPT remains to be seen. It was pledged only to smaller companies in manifesto. And only for 2 years. Not long enough as wti not forecast above $48 for 12-18 months anyway as economies are unsettled due to covid.
Trin deal in US dollars though.
Echi I applaud your holding. Trin struggles to gain but the budget may be fruitful or a disappointment re. SPT. It’d have to be 3 yrs reprieve abs. minimim-not 2. BD is trying his hardest.
Tthe other poster has only bought trademark vacuous comments not worth acknowledging.

baked

baled ( not baled)

Holding my breath for the govt. Not good for me.
It ALL depends on significant SPT reform.
Hyper efficiency will not make Trin a good lmed or long term investment case.
It all revolves around removal of this stumbling block.
We have had many “ if not now whens”. which came to nothing.
It now comes down to the stark fact that SPT is not paying up for the govt. any more nor is likely to in 2020 according to “ oil analysts”.
Forced into a corner this govt. ought ( !) to act.
But been here before.
Ridden the waves of enthusiasm multiple times.
Proof of the pudding will be after it’s baled and revealed. A hotchpotch would be a typical tecumbents’ move .
Experience has shown not to expect.
But reality says stay open-minded.
On verra.

Stockable...well put.
Clarity will probably come after election. And involve backtracking methinks. Opposition has the most credible plan-always has-but uphill struggle to win. Tgal is the only thing that’ll move Trin. Offshore is what matters. Few bopd onshore yoy are small beer. 8,000+ bopd is Trin’s goal 2022. Can only happen from Galeota offshore.
Next week will be interesting.
(Would be a bonus if a quick rise caused the returning resident troll here to redepart. )
But more appropriately it’ll be interesting to see who gets into govt. and what they actually do! Or don’t do.

Shame. Same old.

As predicted. Plus ça change......

Talking of filter..I noticed it was active after my post.
Looks like BB is dredging the barrel again.
2 years of respite. Yet another pseudonym FGS. Filter back on. Can’t suffer that immaturity again. I await the filtered response.
Time out methinks.

Just as a matter of etiquette:-I never mention profits I have made. I consider it painful for some of those who have not.
I not once mentioned my SNG profits. Not once. I said thans to people who posted to me who knew I was invested.
My comment on a good place to put SNG profits was to the new poster on advfn who had just bought 250k shares in Trin with his SNG profits. It was to encourage him to know it was a safe haven.
I personally never ever ever make public that I have made profits. I think of all those on losses who may read it.
Just to clear that up.
‘Nuff said.

Appreciate your sentiments. And your sound posts.
SR. Firstly I have lost 9 times more of my life savings on Trin than I made on SNG. (My profits were very moderate. I sold very early as risk averse. )Yes I do feel Trin is a safe place. Where have I contradicted that??? I have always said that and that and how efficient it is as a business. They just don’t look after shareholders. At all.No inconsistency from me . PERIOD.
Secondly I have probably posted about 4 times this monthe on LSE. Not every day!!
A little more often on advfn and still only every few days. But so what if I had.
Thirdly ..”whining” is offensive and disrespectful. You don’t like what I say then filter me. Please do. Problem solved.

Thank you for your resonance with our positions. And what we have been through-and are going through. It is no longer a puzzler to me that we are here. The market and investors have got to know the modus operandi of Trin and that-inspite of comments to the contrary in RNS re. short/med/long term shareholders-that we are bottom of the list.
I need 19.6p to break even. I think you need 13p’ish .
I know of only two holders on the chatboards who still hold faith. Everyone (!) else has exited...including someone who once put over £2m in here. It is a hard decision to sell at a huge loss and only have a little in hand. So I have to leave it.
Like in a savings account.
The LTIP does not fully mature for a long long time and tbh...do they need the money as we do?
I think there is a limit to complaining and moaning . I have stepped over it by now perhaps.
There is a concept in socio-political philosophy called Relative Deprivation. Your negative situation is magnified by seeing those in other countries. TXP.
But even without 73p TXP ...7.5p Trin really is a joke. If I were in charge of the company I would be embarrassed.
I appreciate your comments and rather more balanced view than mine.
Being in Trin has sucked my soul dry and I do not have the years left to replenish it.
Optimism is however appreciated.
I wish you the best.

Glad u made money on Hur.
Trin ticks all the right boxes as a business. But as you say it does nothing. All the cash. Flat production ( just yoy bopd ).
Ultimately it pays good salaries and a stonking ceo salary. LTIP of free shares.
But it is run to serve itself and the country as well as the govt.
In its own way it is a lifestyle company. And private shareholders are mushrooms as the old saying goes.
Which is why it is 7.5p and TXP is nearly 75p!! Both were 13p last year.
Self-congratulatory RNS comments don’t cut ice. So it’s safe....ok. It is run in a pristine way . Remarkably efficient. But shareholders wouldn’t know it. Those left.
The damage Trin has done to shareholders’finances and health over 3-6 years is a reality. You can’t buy health back.
Cenkos has targeted 35p for 3 years now. Simon Thomson’s articles boost for a week or two and Trin slides back. New shareholders learn quickly. .
I am on a 78% loss so can’t sell out. Honestly can’t. But there seems no evidence(!!) that Trin is going anywhere slow medium or fast.
No evidencce of acquisition. Tgal remains a concept due to SPT and WTI. Cash just sits there for stability. And is most of the mkt cap!!! Just looking at TXP is depressing depressing evidence.
On evidence (!!) I challenge any alternative to the plain truth.
Apologies to optimistic holders. 7.5p is the refinancing price of Jan 2017!

Still hold Stob .Don’t frequent Stob board much. Averaged down to thirties now but had to increase holding and hence risk.
Southend is still a gem. Covid or not.
Aviation will return.. I held SNG at 50p ave. forc3 months so know shedloads about interferon beta( SNG001) and alternative treatments and vaccine potential. As the treatments prove more effective covid will lose its venom. Remdisavir ( anti-viral) dexamethasone ( last stage anti-inflammatory) interferon ( early stage immune system trigger) are the way forward. Taverham..SNG are a kosher top-notchboutfit. I sold my shares as I was away and didn’t see the news. But still made profit. I wish I’d held them. But I support your purchase. Be warned though...very very volatile share.
A little concerned that Spain now has quarantine here. Bummer when Southend starting . A spike was inevitable globally as lockdown eases though. The death rate will drop as someonexsaid..as the treatments are developping mighty fast!
SNG 001...best yet.
Even if Southend still almost on freeze ( 7 outbound?) how is Stob’s cash position ? Rail losses sold off. But how solid financially sre Stob atm? I read annual report but much goes over my head. If anyone feels like andwering that’d be a bonus.
I did not expect 27p . This year’s drop was hard enough.
I still feel Southend is perfect for devt. but confidence in travel has to pick upand don’t want to “ lose” August!

to everyone who held onto SNG from me. I was wrong about a lot of things. But I want to congratulate particularly the decent people who held on here. I sold too early buyt I always do! In the car at 8:00 and missed RNS and news. Triggered sell limit! But I want to say well done to the decent people whose lives have been improved by the share value. And of course the lives that SNG001 will save.Congrats.

Good post. Good advice.
Others ? Grow up.
Stop criticising people. Rich can say what he likescif not abusive.The cattiness says more about the cat.
So much keyboard anonymous immaturity. Ruining free discussion.
Waiting for the same response to this...........

Honesty is often not tolerated. Allow people to be how they are if not abusive. And to make mistakes. And to sometimes contradict themselves.Some people don’t have agendas!!!
It’s called being human.
Shame how easy some people find it to criticise.
Not the same thing as disagreement.
Disagreement is healthy.
Oh well. ...People is people ( Popeye)
Shame. It impoverishes the validity of these boards. Some people are brilliant and give great info. The cattiness is depressing but predictable unfort.
Some people love to find fault...the way of the world.
Night all
Here’s to deserving people and rookies asking for info getting what they want this week.