Member Info for MoneyDan

Ayecuramba there are only negatives and treading water at the moment which after 6+ years is why I finally called it a day on TXP. Your perceived positives such as the upcoming compressor are costing a fortune and only reinstating part of the severe decline curves each of the wells has experienced. The new CR3 well is only taking us back to the flow levels that were realised with the original CR improvements and has cost millions. As I say I hope things do turn around for those that stay invested as there are some good people on here/discord but I just don't see it until 2027; however, I do see further dilution/sp destruction before then... Not worth the gamble when there are strong shares out their ATM. I got attached to TXP when I should simply have cut my losses at an earlier stage and invested elsewhere.

They're trading at these low levels for good reason, which is why I sold my entire holding shortly after the CR3 RNS (around 300k shares at an average of ~10.5p).

The risk profile has become too high. The debt burden is now massive, decline rates are a serious concern, and there’s no quick fix to turn the company around. While I’m hopeful it can limp along until 2027, when the operating environment should improve significantly with higher gas prices, the current risk is further dilution at a price well below current levels.

With gold and oil prices where they are, there are simply far more compelling opportunities elsewhere right now. GGP is already up 20%, HEX is performing well, and PTAL looks primed for gains if higher oil prices are sustained.

I held my TXP position far too long, hoping for a turnaround, when I should have diversified. I’ll revisit the stock in early 2027, but until then, I see it as a high-risk position offering very little near-term reward.

TXP is now critical to the Trinidad economy: https://www.reuters.com/business/energy/us-licenses-trinidad-venezuela-gas-projects-revoked-trinidad-says-2025-04-08/

Nice little rise in Canada ~78P

It's clear on the EIA website that the current south central gas storage (https://www.eia.gov/naturalgas/storage/dashboard/regional) is well above 5yr averages and trending upwards, as such I don't think there will be any bullish sentiment in gas for a while. Also its a El Nino year so cooler weather in southern USA would be expected this summer (Less A/C).

Canada is currently leading the SP retraction, people should assess if this is a trading opportunity to bag a few more shares.

I don't think anything has spooked investors, its simply down to the company having no foreseeable SP catalysts until the end of Q1 (at best) when Cascadura is put online. The SP is obviously on a downwards trajectory, personally I think we could hit the 55-65p range that we witnessed in July when Coho news was pushed out... with that in mind why would you hold when you could sell now and buy back cheaper... as much as I like TXP there is also money to be made elsewhere such as SOUC (PB is on the BOD) which is about to embark on a multi well drilling campaign.

TXP has massive potential next year but as it stands (granted there's a lot of potential value) it's only a ~3200bpd company with a mcap of ~£150m and there are far better bpd/mcap companies out there such as PTAL (albeit with higher risk) i.e. don't think we are undervalued compared to our peers in the current financial climate.

TBH I'm surprised it blipped so high, we all knew this news was coming and so it was somewhat baked into the share price already. We now don't have any meaningful news until Cascadura is online late Q1 (if you can trust the timeline) i.e. 5mths in uncertain times.

OK JL you are 100% correct (no sarcasm whatsoever.... honest...), perhaps you could explain the two prices at the top of Serinus Energy's own website: https://serinusenergy.com/ ... maybe they have their own share price wrong and the company is magically worth ~£120M.... maybe that's why the boards remuneration is so high!

"You Can't Argue With Stupid "

JL76 have a look at "sen.wa" in yahoo finance you'll see its mcap is zl 69.554M (polish zloty) which has an exchange rate of 0.183385 i.e. ~ £12.7M about the same as uhe UK mcap.
Now as you asked Biker888 for an apology perhaps you should offer one yourself...

JL76... it's 100% you that needs to work it out! Do you really think a company would be worth so much more in another country?

The back end of the year should add substantially to the coffers... fingers crossed the upcoming drills deliver.
https://oilprice.com/Energy/Energy-General/Goldman-Sachs-Doubles-2023-European-Natural-Gas-Price-Target.html

* their

Usually I'm not a fan of CEO's diluting there attention...... but as I'm a holder of both TXP and SOUC I'll let this one slide :)
I was only thinking the other day it would be great if TXP & SOUC merged to create a bigger more robust company, as both appear to have a prosperous future.

Not me I just topped up on another 1055 of them, although it has now taken me off the nice round 125000 shares I had accumulated.

Interesting that they are only putting the well on extended testing until the end of January, when they build the next drill on the same pad. I hadn't realised they were drilling the second well so quickly, they must really like what they see. Good to start the new year running, Coho tie in and a new well.

The Sentinel satellite that captures the images only passes every 5 days so the next image won't be until the 19th Nov.
There are satellites that observe fire which could provide an indication of a flare sooner e.g. https://www.arcgis.com/apps/mapviewer/index.html?layers=dece90af1a0242dcbf0ca36d30276aa3

Fantastic thank you for sharing Shellguy. That gas flare looks mighty substantial, hopefully the SP will be cooking on it tomorrow. We might even smell a few shorts burn ..... cough Linton78

Not sure if it's of use to anybody, but here is a little bit of code I made to web scrape TXP's share price in London (live) and Canada (15min delay) and display them both in a message box. The Canadian SP will be converted to GBX (Pence) at the latest exchange rate.

Instructions: Just open notepad (windows) and copy/paste the below code and then save it with whatever name you choose ensuring that you give it a ".vbs" extension:


On Error Resume Next
Dim arr(2,1)

arr(0,0) = "https://www.google.com/finance/quote/TXP:LON"
arr(0,1) = "DIV"

arr(1,0) = "https://www.google.com/finance/quote/TXP:TSE"
arr(1,1) = "DIV"

arr(2,0) = "https://www.x-rates.com/table/?from=GBP&amount=1"
arr(2,1) = "Table"

for i = 0 to 2

'set URL
URL = arr(i,0)

'Create XMLHttp Object & HTML File
Set oXMLHttp = CreateObject("MSXML2.XMLHTTP")
Set ohtmlFile = CreateObject("htmlfile")
Set oXL = GetObject(, "Excel.Application")

'Send Request to Web server
oXMLHttp.open "GET", URL, False
oXMLHttp.send

'Check page has loaded
Do Until oXMLHttp.readyState = 4
Loop

'GET Web Data to HTML file Object
ohtmlFile.Write oXMLHttp.responseText
ohtmlFile.Close

'Parse HTML FILE
Set Shares = ohtmlFile.getElementsByTagName(arr(i,1))

'finds / processes relivent data for each
If arr(i,0) = "https://www.google.com/finance/quote/TXP:LON" Then
For Each Share In Shares
If Share.getAttribute("classname") = "kf1m0" Then
LonSP = Share.innerText
End If
Next

ElseIf arr(i,0) = "https://www.google.com/finance/quote/TXP:TSE" Then
For Each Share In Shares
If Share.getAttribute("classname") = "kf1m0" Then
CanSP = Share.innerText
CanSP = Replace(CanSP,"$","")
End If
Next

Else
CAD2GBP = Shares(0).Rows(5).Cells(1).innerText
End If
Next

'Displays the Msgbox
msgbox "TXP London = " & LonSP & vbCrLf &vbCrLf & "TXP Canada = GBX " & round(CanSP/CAD2GBP, 4)*100

But your time stamp has Wednesday so you missed the boat :-p

Exact location: 10.251390897429456, -61.10841252886021