If in doubt29 Jan 2018 08:43
email Jeremy Bridglalsingh at Trin. He should reliably tell you what he is in a position to share. At the September meeting the emphasis was on debt repayment. I doubt they expected $66 a barrel. Analysts today are expecting it to neutralise here for a while and then pull back. But they know no more than we do. Emphasis on debt clearance clears the overhang. Increase in BOPD bybonshore drilling may have started as plans may have been set in motion. But the managementcare sharp as knives. They will be following the mostbprudent course. Hedging ceases in March....a good enough time to clear debt in an ideal world. If oil fell back to mid fifties Trin would still make a profit even with SPT. To me the debt overhang should be cleared first. BD was not averse to an offer too. But said he would not let the company go cheap. No debt+ secured profit = atttractive company.