Member Info for crl123

https://www.wsj.com/articles/oil-prices-move-higher-after-christmas-eve-plunge-11545831176

US paper-trade manipulation of oil has brought it here. I just wish the shale-workers about to lose their jobs had seats in Congress.

SPT is too complex. Oinshore oil sold through Heritage. Offshore open market. Heritage perhaps at premium. Biggest problem is that it’s a flat rate at 3 month average. Q1 2019 we can’t know until well into March . Trin is lowest cost independent because of no debt. Most important thing is that right now. Buying opportunity is screaming but it won’t make people buy until some bod in a newspaper says so! Ridiculously low price regardless of WTI and a howling buy because it is not in trouble like the others!! It can sit it out. Buy when others are in denial.. I can’t buy any more unfort.

Not really.Less so than most others aftercthe initial drop. Fundamentals are sound. No debt. Increasing production. Oil weakness is hitting small and big oilies alike. Trin is doing ok considering oil at $47 from $75 in 2 months.

Oh Rockhopper. I didn’t know the Epic. Followed it a long time via s/p but don’t know anything about it. Very volatile and took big dive in November I know that. Safer here perhaps ( ?). I don’t know stats or debt/profit at this oil price for Rockhopper. I would be wary of any small oil and gas company right now. Or big. Tullow is huge and is incredibly volatile right now ..and down 28% in 6 weeks. Not just the minnows sinking.

Don’t know it at all. I only deal in very limited number of stocks. I am probably more risk-averse than I make out.

You’ve probably locked your 2-wheeler away months ago. Beautiful machine that it is. I regretfully just did 850 miles home from South of France in one day end November. Never again. Still not recovered from the cold. ‘Ing weather forecast screwed up. Living on the edge is not always worth it :-/ Here’s to resurrection of Trin and a good year ahead. Have a good think about checking in at this price. Not been at this price for well over a year and were saddled with debt and same WTI price at $52 then too. Your call as it should be.

Good to talk!

It just clicked

Portfolio

Nah! Me? I’m looking forward to some peace! Will try to make best of things before if poss. though. Definitely livevin hope though :-) Keeps us going..... Even in shares.

Pf?

Btw I still hold same amount as then.

Lol. Guess I got balls . Had to to survive I guess. I do tend to live a bit on the edge. I have my reasons. I am far more cautious with money than I used to be but by G** I’ve learned so much about the market and how it works. And how corrupt it is . Algorythmic trading has really taken over mow...just watch a day on Glencore or Plus 500 or Tullow or Stobart...especially the stamp-duty free shares. All algorythmic AT’s. They make a fortune every day and poince on shares which have bad news. They made a killing out of Clln and Capita. I don’t ever hedge. I just decide where I feel is a good investment. I am only in Trin now. Was in Stobart last month and that was crazily manipulated. Fell 10% in 5 minutes. Rose 8% in 3 minutes a week later. Market is all city-controlled and manipulated now. Not based on fundamentals at all really. In some cases but only steady stable shares. Oil shares are rife for manipulation atm. PFC has plunged and still has OFT shadow over it. Glen still has US lawsuit (?!). I hate losing too. Done enough of it as you know. I don’t usually admit my trading but bought much Trin between 12.5 and 13.5. I see this as overdone too. Grossly. Any share can still go lower . Any share at all. Glen got to 65p 2015. Rose to £3 in a year. I should’ve held my shares at 90p eh? I like to sleep easy too . But I know our mortality for many reasons. I have been utterly penniless and have been to places no-one should. So I guess the steel balls are just making up for lost time and what may be left. I support all buyers at this ridiculously cheap level.And all holders for having the steadfastness and guts. Nowhere better to shove your dosh . But DYOR first. I could be a conman ramper ( no. 91)

This is a call-by post congratulating all holders from the placings. Particularly McCadder and Setanta if still here. Adrian did what he promised and deserves congrats too. I had to sell out a long time ago at a loss but wish I’d held and trusted Congrats particularly to McC if still here and Setanta if still holding. Well done. Well done to you too Adrian if you read this!!! You deserve it. I’m still in my other share ( you know) but nursing 40% down....but shouldn’t be there for long. Placing plus WTI took it down. All the best.

will find its own way . If it starts the New Year at $50-$54 then there is the chance of no SPT. If it gets to 60 then it’ll possibly keep going. S/p was 21p beginning of October. From 15.5p in July/Aug. Went from 10p to 19p Aug to Sep last year. Investor’s Chronicle wrote a great piece anout Trin on Nov 20th saying bargain. It was 12.5p then and went to 14p in a week before WTI crashed. In May it rose over 30% in a week. Painful to hold at a loss but anywhere else would have me worried. Been there got tshirt

Think I know exactly what you mean! I never had an average below 18.5p. But that’s not bad considering initial buy at £1.10p then 80p then 25p then 15p. I hold the prize for lowest purchase ever made at 1.49p but am stilll averaging 19p. Have bought and sold along the way and done very well but now sitting on 40% loss . It is what it is. It’s now timing the market and not time in the market. Sad. Fast-food trading it seems. Trin’s time will come though as it is the most stable and profitable of all its peers and produces nearly 5% of T and T’s oil and growing. Bopd will soon be well over 3000. Most at $15.5 breakeven ( about 1900 barrels.). 2 wells spudded in December. More next year. Unriskex NAV of 38p. Malcy’s bucket list FWIW at 42p Brokers have it at 39 and 42p. And it is at 12p. That’s the market 4u Look before u leap ...but he who hesitates is lost. Bargain bucket share. Well done Laptop.

“purchase “ of about 3 million shares cleared today. IMO it was a sale of many AT purhases of the week preveding. This took off the pressure to fulfil that trade at the requested prices. Essentially freed up the shareprice. IMO nothing to do with Brexit/Flybe/Xmas boost or whatever. Market opportunism in action. Seen it many times when a share is “ knocked” by something . Often fairly innocent.. It is honed in on. Of course one must believe what one chooses.

Yes. But many shares are down as much if not more. Mm’s capitalise on the slightest bad news as well. They make a lot of money from it. This is classic “traders’ share” activity going on right now. At some stage they will move on. A 25% drop is not warranted. Divvy cash did not go on a failed enterprise. It’s still there. I’m surprised by how mich it is down but perhaps not in the wider realm of oil/Political stability/ Flybe competition eyc. This share has been pounced on. Glen got to 66p in 2015. Tullow £1.20. Pfc £3.50... all oversold and pouncedcon. It’s what the market does. Important for posters not to de-ramp for one’s own purposes. Respect for holders is important. Just a general comment ...not personal.

I have lost a fortune. In it together mate.