Member Info for PipeDragger

Proactive was giving 96p target last month. Peel Hunt 60p this month. Take your pick but it is still a decent potential.

I bought last year at an average of 17p. Blah blah blah yes all good for the future. I would feel a little better if I knew we would get some options on the new funding based on what we hold just now. Long term hold blah blah

Last summer RNS 25 Aug 2017 there was an incentive for the management to get the share price up to 35p. However the reward tapers down to 5p so they still win quite a lot no matter how much they dilute just now. Nothing to be done except wait and see what crumbs of reward may trickle down from the top table. The only positive to this is that they are clearing the CLNs.

Not good. Obviously TRIN have lost confidence to feel they had to go this low. I wonder what else they are hiding.

I hope it is storming recovery in 2019.

crl, The oil market is just like AIM shares. Long term is all about fundamental value, short term is about sentiment. Up and down with news and rumours of the day. Even if oil price crashed down the TRIN production cost is so low that it will still pay off debts and make cash. Most of the analysts of the oil price have been shown to be as fickle as fiddles. They rarely get it right and mostly reflect the sentiment of the day. The most fun popular website is oilprice it produces articles every day that are just clickbait but amusing in the wild swings of opinion and conjecture. My own view as an oil industry person is that the price is likely to stay in the 60s and 70s for the very good reasons of loss of development over the last 4 years. Add a bit of world chaos and it could go much higher. I am sure TRIN will have another pop up when next production figures are out. News seems to drive it but the the long term trend for the patient is just great.

is good. I am sure there will be more sustained rises later this summer or autumn as pigging and FDP come through.

a rise after the operational update over a week ago. Instead it has come now. Maybe there is other news in the background.

Looking better every month. Could be double this value in a year.

Confounded. I think 35p is also the incentivised target for the management. There was an RNS last Sept on this. More would be great ..... but 35p is still great progress.

Lucky you. I hope you time the re-entry right

Boyzee, I was only having a little fun. I am into HUR from working offshore and literally watching them from a nearby vessel and working out what was going on. And yes I was dragging pipes on the seabed. HUR is still a top pick for me and it looks like a great year ahead.

Bartle The old rule is only invest in something you understand ....... or just enjoy the casino of random picks - you may win or lose ...... but at least you will save yourself any worrying before it happens.

Latest RNS has nothing new. Price has been slipping for a while due to the slippage of production. Long term production should be higher, predicted doubled in a couple of years. If so then I am sure patience will be rewarded. Now might be a good time to buy. DYOR. zzzzzzzzzzz for now

TXP and TRIN both down in last few days. Maybe a trading trap of some sort. I think both have great fundamentals. Different but still top picks for their ability to produce cash and wipe out their debts and to do it even if oil comes down again. You can't always guess the peaks and troughs but long term should be great.

TRIN and to be fair also TXP tick all the Zulu Principle boxes. Hold tight.

There are very few trades happening - everyone waiting for some news before selling or buying or holding. I took a tiny bit more in the last day and had to wait for negotiated trade. I don't believe much in the chart analysis when there is so little data. Just have to be patient for an RNS on the progress of drilling and production.

A small cap cash positive oil business with very low debt I am surprised it is not being noticed yet. I am sure it's time will come. It's neighbour TRIN has certainly improved recently and there are many similarities. Patience will be rewarded I am sure. Next RNS on the new wells might be the catalyst for a re-rate.

It has been a long time for MATD to be looking - over 10 years - and not found a barrel yet. Hopefully they will get lucky this time and all the dreams will come true. Good luck.

Good luck