Member Info for crl123

Oil surge??

Like 2017 . Rinse repeat. Quick instit. profit makers pile in and drive PFdown. More algo-pressure to come IMO. Financials are solid thpugh so ot’s white noise for a while. Could see more downside yet-especially as It ‘s early in week and profits to make-but sense will prevail as SFO works tortoise-speed. This too shall pass. I’m with the earlier. hamster comment but weary of the treadmill these days. Darn..I still hold PFC.Shoulda woulda coulda. But didn’t. Prob. end up buying more if shorters get their way. Marshall Wace and Rye Bay got their teeth in. But only 6% shorted. Good time to balance your books soon shortie-boys. Temporary storm in teacup all over again with threat of loss of buyer confidence. I think we’d have seen that already. These guys don’t employ PFC with ethics in mind. Interesting comments all round.

Obliged . Thank you. I do know from speaking to Trin first hand in Sep that Tgal is big prize. Ill revolutionize....but oil was 74 dollars then!! Not at this price yet !! Takeover? BD said 18 months ago ..only at the right price. Frssible but I don’t see it . Acquisitions much more likely in mu opinion. SPT is seriously crippling smaller oilies who also have debt to service and perhaps no tax exemption through losses. Much is not told by the companies until they need cash desperately...rights issues pr Placings or profit warnings. Trin is in a strong position to acquire weak assets. It may not happen but who knows. 52 dollars is not great for SPT or for US shalies. Both need 60 or above. Opec bring out production this week. It may clarify. Low oil stimulates demand...but all producers suffering at the moment. Even Permian....breaking even but the only US shale region with prospects.
Next 2-3 months may see shift in WTI woth inventories as well. Still in winter.
Just have to sit and wait woth Trin. Been hard hard 5 yrs and not over yet. But no question that they are stronger than ever.
Perfect Warren Buffet unloved low share price stable high profit company. Buy such when others are not !!! If I hadn’t bpught at 1.88-2.5p I would be nowhere. Buy good companies when the price is at its lowest. Let’s ummm forget Tesco eh Warren?

Is this the same as the losses accrued through restructuring which exempt Trin from PPT for a good time ahead??
I have never heard of deferred income tax losses. Are these two the same tging or is the latter different. Confused. Apart from SPT credits I was not aware of any “ help” against SPT.
Also confused why Trin continues to drop unless die to low volume sells. I see no weakness in Trin..onlystability and strength.

‘In iphone.. Too many typos. No more posts .

a well of negativity towards the govt. and its inept deviant eays. I lost patience long ago. Trin has achieved well above 10% growth p/a and promises such or more. With no debt. No debt.
Otger companies whose s/p may be flouncing like Tigger still have debt. The higher the pressure on these oilies the more valuable Trin’s cash-pile will be. If SPT forces a few down well Trin won’t be one of them . And will be in a good position to use that cash. It’s a waiting fame at a very low s/p. Low s/p’s are the time to buy aren’t they. They always are. Not when the already planned IC magazine article comes out ( as it is) . Before then. Before the reports.
When my cash becomes available and Trinbis still here then I will be doing just that yet again. Buy at times of perceived weakness when the market is notbinteresyed. Yup.Addendum:-Low oil long-term at $52 stymies shale financing. financing. Permian is the big one. If that fails them shale is in trouble as is global supply. Low oil stimulates demand which eventually forces up price in a healthy way ( not Artificially induced). Low exploration for 4 yrs means thatvif shale fails tgen there is no fallback to fulfil supply. Oil spikes. Opec increase and oil settles at nice high level. India still consuming more than China-true. China keeps goingvas it has to. US needs to keep consumers happy. So demand grows as it still is doing. So....the latest “ crash” is a fearful attempt to prevent supply/demand failure as well as short term politics.ifcwe leave oil at $52 it’ll do all the work for us . Trin has np debt and liquidation nor Rights Issie or imminent Placing. It can sit it out and wait. As I think we have to. Oil at $52 will do the work on shale and on demand. And don’t let’s forget Venezuela and Libya and potential fire in the Middle Eaat. SPT is dead. Long live reality.
( Forgive late-night teetotal ranting)

Bad iphone typos ..sorry

A good analysis from tea’ncrumpets...a valid placebo nutrient in times of stress. Thank you.
SsR good to hear from you.Yes patience needed.as bloody always. I believe in the payoff too.
GO good to hear as well. Re. Imbert and Khan....they know the score well enpugh already. Always have. They just don’t give a **** about real pragmatic workable wholistic economics but ratger the inpending election. Hence the rhetoric. I gave up on SPT many moons ago. They lie you see. Your letter would fall on profoundly deaf ears. If Trin is to flourish it will be without govt’.assistance. The management are not dumasses. They know what is what. They will florish regarless of SPT non-reform. The cowboys are shooting themselves in both feet and are too inapt to consider the longer term nor the big picture. Give up on Imbert and Khan. Their advisors and the Monistry pf energy have already told them that SPT is defunct and destructive. They are like the monkey who won’t let go of the salt so gets captured in the tree. ( see Kalahari !) Trin have to oprate as if SPT is an immutable. Only that way can they plan realistically. I hold faith.

Still up for sale. But they are not gagging to sell but waiting for right price if it materializes. Trying to keep production as high as possible and W.Coast is profitable onshore controbutor. I asked the same question 2 months ago.

Huge. Especially Trintes/TGAL. Look on website . Or RNS update last year. It was upgraded recently . Much is contingent butceasily accessible. Rest is 2P( proven not exploratory). It’s all there and waiting.but just has to be timed right.

Last rating by Malcy was early October at 36p

I am very hopeful for this year. Saudis seem to be finally standing up to Trump and aiming for higher oil price. Q4 results plus (?) soon. Wish my average was that low. I’m still at 19.5 but considering I first bought at £1.20 that ain’t bad! This company is worth more than twice its present mkt cap . I also believe that Bruce et al can deliver . Or I wouldn’t still be here.

I am mad and sane. Sold some I bought at 270 and holding onto rest. Glen is just doing what it always does.. Roller coaster algorhythmic money machine fuelling Porches ( Lambos?) . No reason why it won’t respond to a positive Dow today or China mews next week. Yesterday was because of momentum trading deskers latching onto Apple sales. Ridiculous really. Apple sales just talk about iphone sales which do not reflect a wholistic domestic slowdown in China. Reflect the media’s need to be sensasionalist -that’s all. China is not reflected in Apple. Glencore is not reflected in it either. It shows a nervous jittery market with loose roots. Therein lies a big problem...not in reality. Glen will be just fine. Always is in the end.

Bed. But just to say. Oil is firming. Glen are big oil traders. Copper only 2.5% down. Zinc and nickel 1 and a half %. Trading is fuelled by emotion and not reality right now.
On a big loss but have been broke before.Gonna sit and sleep tight. If it dips tomorrow ...ot may be right back upmon a weeknor less. It’s what Glen does. ‘Nuff said.
Nil panicum

Daytrader. Thanks. I pop in and out here. Traded Glen since inception well before Xstrata and always get the dates wrong when Glen started. Seems so long ago. The algorhythmic trading now is a new phenomenon though and rules the LSE.
Nothing wrong with ensuring a good sleep.
“ knits up the ravelled sleeve of care”. ( William S)
Me too.
I don’t expect great things tomorrow as Dow faded and it’s Friday.
Maybe more downside but who lnows.
But I know Glen like the back of my hand and there’s always next week!!

In common. 90% of my holding is in oil too. 10% here. Have to be cautious though. In 29 yrs of trading I have never known a more wholistcally unstable time either. Fundamentals schmindentals. Macdonalds fast -food trading ..even in the trading offices. Algorythmic trading rules...especially in shares like this. Politics is ruling shares and ruining them. Btw Brexit is hugely overrated in its global effects. UK will suffer. Why should Glencore just because it’s on LSE? Wisdoms spoken here but also panic-stations bull....
The time to judiciously buy is when all else are panicking.

Wise post from Daytrader ( who isn’t one) . Wise post anyway.

I’m old enough to remember Black Monday ‘88 I think..,and so many other crises. It’s just how things are. Sell if u want -sometimes right/ sometimes not. Holding can see it evaporate or gain. There are no rules re. shares. . Just many many many variables. Panic is an investor’s possible worst enemy though. And feeding it in others is wrong. Chatboards shpuld never make your mind up nor heavily influence you. If someone else is panicking then that’s up to them. A drop like this is always going to ruffle feathers. Hold on or bail out. Each to their own.
I bpught a share at £1:20 ( a lot) in 2014. It fell to 1.49p faced with liquidation. I knew the company well and bought a lot at that price. I lost £200k and gained it back on refinancing. Could’ve lost everything..absolutely everything..Losing a lot here.But have learned not to be influenced by others -ever. And not to influence them emotionally or with information myself. Glen may drop further. It’ll prob bounce back with a vengeance...or maybe not. Usually does. Maybe Froday syndrome will push it lower. Maybe not. This is Glencore. Always been this way from day one!

Nil desperandum ! This is jist what Glen does. Buyback today at ave. of 2.76p helps even if drop in ocean. Is crap sitting on a lossin any share and worse if you far more to come. I’m on a hefty loss but you only crystallise when u sell. Friday tomorrow not the best of days on a downer especially when Dow is down. . But Glen is a tennis ball and bounces back as fast as crashes. Just have to wait a bit . Desk momentum traders have capitalised on the drop which has not hit BHP/Rio. Even Ferrexpo which supplies China is ok. Kaz well oversoldthough. Glen’s main profits are from trading. Trading continues in bear or bull commodity market. 2 yr low. I was in here at 90p and watched it drop to 68p on shorting and media 2015. This is oversold yet again. May go down more tomorrow but watch the clever traders buy if it does.

Biggest ever intraday Dow rise. Biggest oil rise since 2016