Member Info for PipeDragger

strong cash yes but what are they doing with it. As nothing much is happening with either production or exploration then a dividend needs to be paid from that cash pile. Otherwise there isn't much reason to buy TRIN.

Its all good.

They must be confident of good things to come with such a small discount in the placing and options

And until there is more than one healthy producing well....

Not quite knock-it- out-of-the-park amazing but at least they are now a stable business with a future.

TRIN could learn something from TXP about how to go looking and finding hydrocarbons. I have been in both for years but too much in TRIN!

Walk the price down a little by lots of small trades so you can buy volume at a better price. It only works on shares where activity is low. It doesn't make a big impact. Anyway next price sensitive news from REDX might be as much as 6 months away so price may drift down a little.

its a way to walk down the price......

make that 900s.

back in the 800s

Oct 2019 RNS

Holding for more than 4 years. The share is less than half the value it was before the last unnecessary dilution. I just leave it in the drawer and hope they eventually hit big oil or start paying a dividend. Certainly the 10% year on year production growth has never happened. Neither has the statement Oct 2029 that they were at c3400 bopd.

All that cash and no dividend!

Let's hope the old adage is true! New managers!

Buying a share to admire their cash pile doesn't cut it. More or less flat production doesn't cut it either. Dividend would help. Or maybe just sell the whole business, must be worth more than the 8.75p. (Please not another thrashing dilution for the offshore development)

Eh, production increased? No it is just flat or a slight recovery from the last decline. The 10% year on year growth projection has long been abandoned. They are sitting on cash but expecting investors to pay to admire it. SP will improve if they pay a dividend or put the whole thing up for sale.

Until we learn what the new reserves estimate is, what production rate is expected and if they need more wells drilled.......then price is going to be depressed.

A bit underwhelming so far but future is a lot rosier. (The collapse of LOG is hardly IOG's fault). I have bought and sold IOG a few times but now seems the time to hold.

Revenue, profits, dividend - all up. Not much debt carried. Doing well in CV-19 times. What's not to like.

I got a fresh corporate action in my account on extension of the 15.5p offer to 24th Aug.