Member Info for danawinner

As mentioned below, Josef Schachter says.....

TOUCHSTONE EXPLORATION (TXP TSX)
Touchstone is active in Trinidad and produces over 1,300 b/d of oil. The exciting upside and why we own the stock is their high impact natural gas exploration drilling program in the country. They have drilled two successful liquids-rich natural gas exploration wells. The first success COHO-1 will be onstream by early Q4/20 and will take their volumes over 2,800 boe/d. Their second and much bigger success at Cascadura-1 may be on in 2021 after they drill a few appraisal wells to meet the productive potential. Volumes at the end of 2021 could be north of 20,000 boe/d. Touchstone could be generating annualized C$0.35 cents of cash flow per share by late 2021. Once this production is on, we see the stock trading over $1.50 per share. Additionally, Touchstone still has other exploration targets (Chinook and Royston). They have a healthy balance sheet to meet their capex goals. We have an SER Quality Score Rating of “B” on Touchstone. Buy on weakness.

Nothing that we didn't know but nice to see that others agree with us.

Once again we seem to be rising during the day and dropping into the close.
I find this rather surprising with the wide spread, not worth day trading at the moment.
Still, we had an uncrossing trade at a decent level so I see that as a positive.
If we could do this every day, I think that we would all be happy. After a month. Or two.

Good to see that John has secured some profitable work for the yard.
It is only a starter for 10 imho.
The sad part of the oil price recovery is that it may delay the decommisioning work that will surely come our way one day.
In the meantime, it is great to see an upturn in business.
GLA

You have to wait 15 minutes to report trades, or you have to sit on the naughty step.
11:53:32 55.00 14,652 8,059 O
11:50:11 54.98 1,159 637.22 O
11:49:59 54.98 614 337.58 O
11:45:41 54.98 1,000 549.80 O
11:45:18 54.98 1,000 549.80 O
11:44:07 55.00 12,000 6,600 O

We just hit 54 pence.
52 week high.
Did anyone notice? No, because it is only a step on the way to our re-rating to double these levels.
That is just for starters.

TSAE please explain cation? Did you mean caution?
If you did, please throw caution to the wind.
If you have read anything at all about Cascadura, it appears to be unbounded at this stage.
It is not only high pressure, but it is so big that they cannot identify any boundaries to it.
Please do some research.
https://www.facebook.com/TouchstoneExploration

Boom, I think that North will very generously provide you with more stock at around the 50 to 51 pence mark if you are prepared to wait for an hour or so, I would,
Your entry price at these levels, plus or minus 5 percent is going to look relatively insignificant when we look back in six months' time imho.

I'm not much of a chartist myself, but I am told by someone who is pretty good at that sort of thing, that we have bounced off the bottom channel and good for a run to £14.
If we go above that in the next three weeks, it is a sign that something is very truly afoot, and we can anticipate news to follow fairly soon after that.
Sounds good to me.

Nice to see the share price trying to climb, on very few trades.
Don't worry, North will soon take the wind out of our sails, SP rise only temporary.

Always nice to see that Riverfort is getting involved.
Well-known for their benevolent investment policies.

There's a surprise then?
https://www.londonstockexchange.com/news-article/COPL/ps700-000-share-placing/14587270

https://www.londonstockexchange.com/news-article/TXP/exercise-of-share-options-sale-of-common-shares/14587303

Looks like he had to sell some of them to cover the purchase cost.
Not really news imho, Director gets free shares.

It depends on whether 3D seismic surveys are available or not.
I somehow doubt it, as this part of the island does not have a lot of roads, and they are costly and time-consuming to produce.
https://www.oilandgaslawyerblog.com/how-do-seismic-surveys-work/
They did one in my area, it took weeks, with multiple probes stuck in the ground and a 40 ton vibrator lorry shaking the ground every 50 yards. Plates jumped off shelves and I had numerous breakages. The cost is huge.
I think that the time and cost factors mean that it is quicker and cheaper just to get on with the drill if you are reasonably confident, if the oil and gas are there, our excellent team should find it with the info that they have. They have managed to do so thus far!

BigBadBaz, I am sure that this must be a serious post, worthy of a question at the AGM.
BP is missing the opportunity to buy a massive fleet of helicopters in order to build and supply mountain huts throughout the world. It could be a new division of BP. I hope that they will use nice 'green' electric helicopters and put cash only honesty boxes in them, none of us would mind paying £50k for an overnight stay, obvs.
Oh, and demand an immediate withdrawal from producing oil and gas.
Next question Baz?
Pippa Peaches, I will be happy to join you, upon the assumption you are a fit young female and your name really is Pippa not Peppa.

I think that the psychology of very cautious Broker price targets is better than pie in the sky ones.
From a Broker's it is good for their targets to be hit in the short term, rather than ones that look unattainable.
As they state their assumptions quite clearly, it gives them to revise their target more frequently each time an assumption changes.
In that way, they get another bite at the cherry, and it brings the share to the attention of another audience.
Incremental upgrades are far more attractive than say putting a current target of £2 on it now, and having to revise downwards in the event of an over- optimistic event not being met.
Most of us on these boards are avid share dealers and think nothing of trading in and out of a share in a week, a day or even an hour.
The vast majority of investors look at their shares on a weekly or less frequent basis, and get their tips from the Daily Mail or the Investors Chronicle.
Share targets have to be realistic and attainable, like every other target.
I have every confidence that it will be hit within the next three months.
People like that sort of thing.
imho.

Um, no.
Make that $43.

Excellent independent summary.
I like the fact that it is realistic in its assumptions and expectations.
I also like their willingness to update regularly on news.
Well worth reading.

I don't know how much influence there is, but it appears to me that they don't want you to open a spread bet at the moment.
Having said that once the volume increases, the potential profits from SBs could be enormous.
I will stick to owning shares, spreadbetting is potentially very addictive if done well.

Good to see that Brent is holding firm at $42 or thereabouts.
It appears that there is a bit of concern about demand with a potential second wave of covid 19, but it doesn't seem to be affecting oil at the the moment.
I think that we may get a little more speculative buying this week, but an RNS could change everything in a flash.
Here's to a good week.

I would love to be proven wrong, and that Shell comes in with an offer of £3 per share, as an opening bid, but I am not going to hold my breath.
Time instead to hold your nerve, and hold onto your shares, imho.
Slow and long.
Happy Fathers' Day to one and all that it applies to.
Shame we can't go to the pub. Next year.......? There must be some great bars in Trinidad.
GLA