Member Info for crl123

I will second your comments. Too many dodgy outfits out there. Trin is not one of them and it’s all too easy to kick a man when he’s down. Keyboard warrior criticism is all too easy. If you want proof then go to a presentation as suggested.
It’s all about efficiency and intelligence versus a dumass opposie in Mr. Imbert on his comfy political throne. Trin do a bloody good job of managing against stiff headwinds. 4 new wells coming online this quarter. . 3,400 bopd by end of year. That’s a whacking increase on Q3 2018 average. More drilling next year. 14 dollars breakeven onshore oil. $26 ave b/e. HAW at least 250% higher production rate at 134 bopd. WTI seriously catered for with 41% hedged . SPT just is. Budget just is.
Deal with it and still increase production and FCF. Before ****ging off highly intelligent survival and growth....please do research.

Yes. I’m not feeling comfortable in my position right now but I did it to average down. Could go further but ...well...ouch. My bad.

Good for you. I bought at 9.74 2 days ago and 9.95 a week ago.
I am leveraged which is a bad thing. But I am willing to absorb the costs.
I bought when sentiment was at its very worst. On trist in one person in the management who holds my total trust.
I bought many many shares between 1.49p and 2.8p. It brought my ave down to whete I am now. Still much higher than yours though.
Buying when sentiment is at its lowest has made many people better off. But it mist be the right companies. Buying when others are fearful has to be exceptipnally prudent and chafes away at the nerves .Even Warren B got it wrong with Tesco.
I should not be leveraged. My bad.
But one thing I have learned is about selling too early and buying too early. I still do it but now recognize it.
Of course tgis can go lower . Any share can. But for goodness sake the fundamentals are as Malcy says ludicrously undervalued.
I almost always sell too early and buy too early. After over 30 yrs trading. Learning.
This is a giveaway below 11p.

The RNS was strady as she blows and they have delivered as promised even if the jet stream is not behind the vessel.

Until common grass-roots shareholders are considered of value to Trinity then this will flounder.

Matter of fact.
Not dreadful.
Not inspiring. Trin are too anally conservative.
But onward and upward as promised.
This price is painful to the extreme but a steal for buyers.
The truth does remain that Trinity refuse to look after shareholders thoigh. And that comes from the very top. No question there.
It is however on a solid floor and cheaper than chips regardless of my depression as a large holder .

You both make good points. I share PD’s despondency with slow progress and high salary for no-show s/p nor much bopd increase. S/p is simply dire. The salary increase issue emerges because of it. It is what they call in social theory “ relative deprivation”. We are suffering whilst the head honchu laps it up. It’s not right but it’s the way of the world.
NTM is right about the balance sheet. It gives a firm base. We are not benefiting though...we are ..dare I say..suffering as a result of giving Trin our money via the Placing.
Govt. are waste of space. Promoting production in name only and destroying it in reality.
IMO Trin need to break the mold and think “ outside Mr.BD’s box”. A dividend is now essential. Asset purchase unnecessary really unless a giveaway. They’ll only pay tax on it. Conserve cash and pay it out. Conserve drilling unless capex is affordable. They have to number crunch and survive this govt. I genuinely do not believe that the govt. is willing tompromote production. Its deeds contradict its words. Trin is in the process pf working out implications innorder to remain cash generative under all and every condition. But shareholders need looking after too. The share price matters . So do we. Come on Trin. Cut us some slack now. Dividend is the very very least after what we’ve been through. We don’t earn MD’s salaries.

Hi NTM
Very poor reporting. You just can’t get detail on the budget . Had to listen on You Tube.

No leaked info . Don’t think Haw in question. Budget response. PPT now only 75 % reduced due to losses.
Capex credits reduced on new wells. From 50% in first yr to 20% for 5. A deeply outrageously aggressive anti-oil budget. BP and Shell forced to pay billions in old penalties too. A viciously short-sighted budget aimed at being re-electrd. An ignorant prime minister but shockingly so. I thought Trump and Boris were bad.
Some people sold in panic and Mitie continues its sell-off.
So...how will Trin respond?
Don’t forget what we’ve been through already Trin!!!

So...what this really about then??

Exactly! The biggest issue is that the oil price is averaged over 3 months. So a quick dip below $50 makes no difference. Has to remain below $50 on quarterly average. Looks like we may be entering an oil bear market but just how far down it goes we will see. Eoconomic data and trade very very wobbly. US jobs looking poor. Tariffs causing most of damage.
As WTI falls from here so Trin gets stronger.

SR . HAW soon. TGAL news a way off. Onshore priority atm because of WTI and SPT.
Silverknight...Trin becomes more valuable if WTI does NOT hold up. $50 SPT threshold averaged over a quarter.
Trin is above all financially robust and has all corners covered. And no debt at all. Cash rich.How many companies can say that?
As you say suffering from market conditions.
Trin is most undervalued oilie in all broker’s and analyst’s books.

Who is still invested here?
It was a buzzing board of holders at one time.
Anyone left?

Das Kapital is as true now as ever. Even if conclusions regarding solutions( Communism) were faulty. Just an aside.
So...no time like thevpresent for capital being returned to shareholders. Not happening with shareprice. So ease our suffeting with dividend Trin. And build a stable shareholder base. Not fly-by-night effervescent investors who exit left on a whim or 5% profit.
Costs and breakeven are remarkale now. SPT just is. WTI could spike on political or supply crises...however slyly managed.
Trin has done its best. Stable and a solid investment and now dirt-cheap again due to fickle selling. A steal to buy. Again.
But we need to be acknowledged as loyal investors and a credible base has to be built. We read of once effervescent investors upping and going elsewhere. Trin could not have done better and are improving OR. Big salaries? . Well...can’t change that. But I agree that after the remarkable low cost base in an environment in which oil is not a cool investment....just do the divvy. End of.
Least Trin can do.
I agree.
Buy cheap now. Expect more fireworks in Middle East. Reap rewards. But acknowledge the bottom of the heirarchy here and declare a dividend. Keep investors.That’s why we are 11p.
Great price to buy !!!
But we need looking after.

Hmm
Some very different worlds colliding here.
Emotion should not be confused with rationality. If unhappy...sell . Or grin and bear.
I agree fully with you JFK. As did the analyst who suggested same last week. It would give Trin credibility as an investable company . Cash generative and worth putting money into regardless of tax.
So I fully support you.
And as usual I look at the present price driven down to insanely cheap levels and say “ bargain” again.
I have always suggested not to ever rely on SPT change. Always. That’s why the company bases their cash generation on the worst possible scenario( $50.01).
And they are cash generative at all levels.
GO. Hi. I never argue with your figures. Never. SPT may be tweaked or changed but I am like the company. It just is. Deal with it. Never ever ever rely on politicians...especially when they promise.
I work from the position that cash generation should finally be given back to loyal investors and this would in turn make it a more credible company psychologically and promote a more stable investor -base. I stand with last week’s personal analyses ( which I have emailed to the company) and the call for a div. Give us something fGs. ( emotional).
Also financially why the H not?
Those of us here from day 1 deserve it to say the least.
I still say ..highly highly efficient company which has sensibly factored reality fully in . Buy.
As do the press.Mail/Investors Chronicle et al.
I moan about mm’s but it’s not cool to be negative in posts now is it ( ?) Sigh.Got t-shirt.

It’s to get people to sell cheaply as it pi**es them off. A very effective strategy.
Essentially the market is run by dipsticks who just want trading at any cost.
When Haw results are released and press get hold then sellers will be sorry. Trin also need to start paying a dividend. Or a share buyback as second option. And if AIM doesn’t recognize efforts then go private.
Shareholder base needs rewarding now. And it needs to stabilize and grow.
Enough is enough.
Dividend now wholly appropriate.

Agreed. Trin doing good job. AIM being AIM it is at present responding to short-term sellers as it normally does. The only upside is that it makes a bargain even cheaper.

I meant $64

Yes indeed. Well managed I think. $74 will only be reached if tensipns escalate severely in Middle East. My opinion is $57-62 generalistically. But are tgey being paid a premium ?? If so then $64 is nt far off.
Thanks for info.

Sure. I’m probably wrong O. I don’t focus too much on hedging details as I have never got my head round them!! Good that you email. At least I know I am right about debt :-)