Member Info for crl123

Respect to the supportive and trustworthy contributors here. Would be nice to keep it that way.

bunch

Got to say I am encouraged by your excitement . Genuinely..Trin ain’t no buch of mugs as we know.

DJ your business-like approach is very welcome and I think I’d go along with you. Mr. Embert and his successor in T and T will have prepared for such eventualities. Business as usual ...yes probably. I am intrigued and encouraged by your speculation Confounded. Trin’s financial officer used to work for the govt. Worth acknowledging. This may have been part of fiscal reform..who knows? I would like to hope you are right . Although I feel sorry for those badly affected out there.( as in Venezuela for different reasons). I like your comment that anyone falling for mm games don’t deserve the upside. Made me smile! I think I agree. Also intrigued if my filtered” friend” has said he expects mm games. After lambasting me for dark forces and not investing for his life in a share which could be manipulated by mm’s. And for my naivity in believing such things. Rather curious and insincere to say the least (!?) On reflection I would agree with your approach DJ ...especially as you are an admitted LTH. I am a historical one. Confounded I would love you to be right ....let’s see eh?

Just researched Petrotrin. They do indeed grant and approve licences and asset sales as I knew and it seems they produce only about 2k more barrels a day than Trin. Operate the refinery which produces Trin’s biggest export-ammonia.Not a good time for families under redundancy threat. That seems to be greatest issue. Re. independent oilies ( Trin is the biggest) I don’t see how it can affect the company apart from potentislly closing the refinery . The govt. needs revenue so will not prevent oil sales even if it has to be done via another means. GDP could be seriously affected short term. That does not mean Trin would be affected. A great excuse for MM’s to play with share price short-term though. As they like to with Trin. A good buying opportunity for some if they do. Petro only produce about 6% of T and T oil though. Refinery may be greatest affected. Unkind times for some people out there though. Apart from an excuse to manipulate share price I can’t atm fathom a real negative effect. Open-minded though. A drop tomorrow in s/p wouldn’t surprise me as it is an excellent excuse for MM’s. Buyers at the ready if so ( DJ et al).

Rumours of sale? Planned job cuts. People rushing to fill cars up. Doesn’t sound fun especially after couple of earthquakes. I don’t know much about Petrotrin and thought it was just a govt. body which approved/rejected national oil deals . I guess they are big oil producers themselves as a govt. body. Sounds a bit shambolic at the moment though. Wonder why particularly now?

Hi again. Just checked out stockop. Yes some of its “factors” are well out of date or just not applicable. Still showing pre-Placing no. of shares. Its ratings are a little subjective I think too. And its “ beta”. I think it can be a good intro to a share but Trin is certainly well well out of bankruptcy risk!! Even before the Placing. The only risk before then was CLN dilution...and not a hint of bankruptcy. Trust me.. we lived through the bankruptcy abyss. It was real. Cotibank froze assets 2 months so Trin cpuld not oprate and s/p waa frozen at 1.89p for 6 months. The FSP lasted 3 years and meant we were not allowed to talk to the company. It was a loise and somewhat slopppy company when profits were high ( 2013) with oil at $120-140. Easy money. Complacency took over. E.g $12m wasted6 on Eldorado. Dry well. Costs were seriously badly managed. New team now. They are very risk-aware. MD told me personally that 2016 was worst year of his life. And he is very well off. Not the best year here either..and I am not ! I’m only saying this because to me it is about knowing the company. As deeply and fully as one can. If one is entertaining risk or looking mid to long term. All stocks entertain risk but AIM is a minefield. I don’t know sharepad. I do my own research which can be subjective and/or objective. I have learned to firstly look at debt and risk of insolvency and then profit and potential. So many factors. And then there is the unexpected( Omega events) which can upset the whole apple cart. But I also learned that even cash is sometimes not safe ( had £70k in Icelandic banks in 2008). So to cut a long story short...Trin is debt-free and asset rich. Serious cash in bank and around 80% profit margin on a barrel of oil. We really have lived through Hell here. I can see no downside apart from short-term manipulation. T and T have earthquakes but the geo landscape is what made them oil-rich in the first place. Know thy company and know thy product and its context ( oil of course) . I as usual do not heditate to recommend the company who -as DJ says-hold a skinful of shares! A cracking good sign for an investor.Can’t do anything about the manipulation..I don’t know why apart from to get rid of bored and frustrated investors. A well-known ploy. I may be wrong. Seriously undervalued and patience of saint needed here ( to daye anyway). Best is yet to come but it’s been a helluva rocky ride.I wish you well.

Been in here for nearly 5 yrs now. I would say I know the company pretty well... certainly in context of its history. Have known BOD long time. Sharp and as honest as you will find.in business. Trin has been shorted 2 or 3 times in this period. Often probably below 1% so we never find out) Stockopaedia may be referring to the recent large short at time of Placing which is now below 1% or non-existent. GO ..who is as clued-in as it gets re. numbers and figures ( not that we always agree !) suggested it was a shorting institution involved in Placing. Quick easy money. No shorters at present showing . Last summer at this time we were covinced a shorter was in action ( BOD even mentioned it at meeting) but if it’s below 1% we can never know. MM’s have very very clever games. I suspect they have close links with favoured institutions trading Trin ( have read much about it...will try to find link). Many manipulations which are evolutions which go right back to the WallSt. Crash nearly 100 yrs ago. I am constantly learning how they manipulate stock prices ( at times). Petrofac /Tullow/Glencore/Plus 500 /are examples. Glen was fascinating 2015. True con-job. Goldman Sachs were main player. Got to 66p! Capita and others too of course. Trin is different. Small. Low volume. Very eaay to manipulate with AT’s though. It’s been a real education . Trin is regularly and blatantly suppressed . Why? I can only think in order to pi** shareholders off into selling. Institutions may have a plan to acquire cheap shares too. All speculation here. Shorting? I have no idea. They would have to buy back and it’s already reached 15.8p to buy. Just anove Placing price. Previous shorters gone ( was 3% in July). Or below 1%.Not sure why stockop. shows shorting . May be historical. I use www.shorttracker.com. Shows no shorting ( above 1%) patterns of shortselling? Certainly. But it may be suppression which is obvious. It’s common with Trin. But then they let go. Which is why it’s such a steal to buy right now. Likely to frustrate many who want it to rise and meet true value. But they won’t let it yet. Volume also sometimes fails ( this week). Like you say ...why?? Patience is the key yes. By G** we have had to rely on it but it’s very very wearing. Good to have your input. I’ll visit S’pedia.

Very ( not bery)

Yes. Bery important point for new investors as you say!! Management hold a skin-ful !!! With share incentives as s/p rises !!!

Bloody iphone typos. I promise to check next time.

Nice rounded info from you. Should help F3dinand and others. I was here in the bad days. With wooly management and gung ho activity. Not any longer. Tight ship. Yes MM’s will continue with games for the monent I think. I would be surprised to see under 16p but of course it coukd happen. What a buying opportunity there though!!! Yes Placings normally take up to 3 montgs to clear especially with late subscribed shares. I think traders back at theor desks should make a difference. We may see some interesting info in Sep results too. Lots of possibilities. Still onshore asset for sale( or perhaps not) . Possibility of farm-in for Gsleota. This is a pivotal time for oil re. M and A too. M and A is strong when shares are cheap. This is such a ferlkin’ steal at 16.5p right now!!! I agree re. AIM. But I would call it the most solid and reliable share/company. that I know AIM or not. I didn’t appreciate Placing or way it was handled but they had to negotiate in a competitive market so had to do it woth a high share price. H-L put the errors right. I would expect overhang to last a bot longer. But Sep brings news and changes. I have taken a loss as had to cash some in for deposit for son. But I am hoping that longer term we see fruition. I first bought at £1:30. It reached £1:56p !! Ok..oil is mot $120 barrel. But the company is lean and dent -free and as Malcy says..probably among the cheapest breakeven you will find. Have good eve.

DYOR always.You have to be careful of advice on chatboards. IMO mkt cap so low because of proximity of Placing and particularly Subscription allowance to shareholdes at 15p. Market is aware of shareholders sotting on cheap shares I believe. Unwilling to let this go at the moment. My take on the low price. Also lack of high profile. Very little PR or conference activity to invite new buyers. Mm’s happy to subdue any rise ( just look at yesterday’s highish volume of buys and the dip at 4:20). For the moment they want it here and do what tgey can to keep it here. For the moment. A good time to buy in in my opinion. Your call and your research. RNS’s best way. I’m also very very surprised mkt cap so low. Trin is curious. It shoots up without notice or volume quite unexpectedly (.My thoughts on this are well-known re. bouts of intentional suppression.) You of course decide for yoirself. My urge would be to invite you to partake at this price. It’s a steal at 16.6 to buy. Regardless of extra shares. But one should never ever take random share-tips on chat boards. DYOR but do it quick!! I wish u the best Ask anything unsure of

Many posts. But perhaps old ones. Most people here aware pf profit margin. Check out lsst rns re. exact barrels per dsy. Around 2,800. Breakeven around $30-$31. High profit margin. Ave WTI H1 around $ 67 I think. Q3 probably same. Results and financials Q3 due in about 3-4 weeks. High profit. No debt. Placing overhang may not “clear”. Institutions often buy long term. Some will sell..as did the recent shorter. Private investors more likely to sell at quick profit though IMO . Overhang already more than one month in. Can never know how long. Price being kept low in spite of much buying volume. Reason? No idea. A rise may see some subscription buyers at 15p sell out and help clear overhang. August is usually desd zone. Sep-Nove things often perk up as traders are not in St. Lucia have to find something to do. Hope this is a guide. Ask anything else. Most people here are bery willing to help.

wonder who that could be? Oh dear.Point not been taken. I hope soon enough that we can get back to proper mature communication here.

sit in seismic tremor zone. earthquakes common. Not usually this big. from my limited understanding it is like a vocano which may continue to erupt for a while but has released its pent-up energy to a degree. until the next time. Assuming tectonic plates follow layman logic! The seismologists don't seem to be hugely concerned...if that means anything or not. Hurricane last year brought down bbls but that's because they had to evacuate personnel. No evidence of this. Will post as and when I get a reply.

sorry. meant Trin mostly east coast

Confounded. I've done a lot of research. Even emailed Trin.No evidence of damage reported. Aftershocks can be as bad as first tremor....but they are a release of energy and usually eventually subside. Deep at 76kms so no waves . Trin is mostly west coast anyway. Onshore shocks would have to be darned strong. Venezuela was much closer to first quake and very little damage reported.second quake much closer to Trinidad but no extensive damage. aftershocks can continue but usually reced in intensity (all my words not copied). take them as second hand from what I read. Hope helps.No reply yet from email. Only sent this p.m.

I shouldn't add fuel to the fire...I know ..but that made me laugh.Sorry for admitting.

Thanks Slax. I guess my flitered ''friend'' has written something unpleasant. This has to be referring to me. For goodness sake grow up and show a twinge of maturity. This is a sensible and supportive board. Please go away and ruin someone else's experiences if that's what you like doing. you really have a problem. take it elsewhere.
Slax I appreciate your honesty and forthrightness . Thanks for having the wherewithal to speak out whatever was said.
re. earthquake...
Trinidad 'lucky' after being hit with earthquake, 32 tremors
SHARE TO FACEBOOKSHARE TO TWITTERSHARE TO LINKEDINSHARE TO WHATSAPPSHARE TO MESSENGERSHARE TO EMAILSHARE TTHE UNIVERSITY OF THE WEST INDIES SEISMIC RESEARCH CENTRE (UWI-SRC) SAYS TRINIDAD AND TOBAGO IS LUCKY TO HAVE SUSTAINED SUCH LITTLE DAMAGE FOLLOWING TUESDAY'S 6.9 MAGNITUDE EARTHQUAKE.
AT 5:31 PM ON TUESDAY, T&T WAS HIT BY THE FIRST QUAKE FOLLOWED BY 32 AFTERSHOCKS WHICH INCLUDE A 6.0 MAGNITUDE TREMOR WHICH STRUCK AT 9:27 AM ON WEDNESDAY.
THE DETAILS WERE PROVIDED BY UWI-SRC DIRECTOR, PROFESSOR RICHARD ROBERTSON, WHO WAS SPEAKING AT THE SRC'S OFFICE IN ST AUGUSTINE ON WEDNESDAY EVENING.
HE SAID THE STATS WERE ACCURATE UP TO 4 PM.
SRC ENGINEER SEISMOLOGIST DR ILIAS PAPADOPOULOS SAID WHILE T&T ESCAPED WITH MINOR DAMAGE, THIS WAS AS A RESULT OF THE DISTANCE OF THE EARTHQUAKE'S EPICENTRE, AS THE QUAKE ORIGINATED NEAR THE NORTHERN COAST OF VENEZUELA.
"TRINIDAD WAS LUCKY BY WHAT HAPPENED. THE DISTANCE AND DEPTH CAN ACCOUNT FOR WHY THERE WAS NOT EXTENSIVE DAMAGE," HE SAID.
SEISMOLOGIST DR JOAN LATCHMAN ECHOED HIS SENTIMENTS AS SHE NOTED THAT WHILE HAITI SUFFERED AN EARTHQUAKE OF THE SAME MAGNITUDE IN YEARS PAST, THE CLOSENESS OF THE EPICENTRE OF THAT EVENT MADE THE DAMAGE TO THE COUNTRY MORE SIGNIFICANT.
"IT IS INSTRUCTIVE TO NOTE THAT A SIMILAR SIZE EARTHQUAKE OCCURRED IN HAITI AND CAUSED TREMENDOUS DAMAGE AND DEATH AND WHAT WE SHOULD NOTE, THE DIFFERENCE WAS THAT HAITI’S EARTHQUAKE OCCURRED AT 10 KM FROM PORT-AU-PRINCE AT 10 KM DEPTH SO THAT MADE THE BIG DIFFERENCE. HAD THIS SAME EARTHQUAKE OCCURRED 10 KM FROM PORT-OF-SPAIN AT 10 KM DEPTH, THE STORY TODAY WOULD BE VERY DIFFERENT.""WE HAVE HAD REPORTS OF SHAKING EXTENDING FOR 45 SECONDS TO OVER 60 SECONDS. YOU BEGIN TO SEE DAMAGE WHEN YOU HAVE SHAKING FOR HOWEVER, DR LATCHMAN ADVISED THE PUBLIC TO NOT BE ALARMED AS AN EARTHQUAKE IS NOT AN UNUSUAL PHENOMENON.
“EARTHQUAKES ARE OCCURRING ALL THE TIME. WE AS CITIZENS OF THIS REGION, IT IS ONLY WHEN WE FEEL AN EARTHQUAKE, WE GET OURSELVES ALL EXCITED AND GET ANXIOUS AND WANT TO KNOW IF WE SHOULD BEGIN TO PANIC BUT THE FACT IS THAT THE EARTHQUAKES ARE OCCURRING ALL THE TIME.”
EARTHQUAKE FACTS
TRINIDAD AND TOBAGO IS LOCATED IN A SEISMICALLY ACTIVE REGION; EARTHQUAKE ZONES ARE NORTH OF THE PARIA PENINSULA, GULF OF PARIA, EAST OF TRINIDAD, NORTH OF TRINIDAD, SOUTH WEST OF TOBAGO, WEST OF TOBAGO AND ON LAND TRINIDAD.
Not an economic problem it seems .