Member Info for Shax

I think he’s just taken risk off the table by clearing the debt levels which were high. Traf will of course have seen something in terms of production levels which they feel they can grow organically without much risk. It’s a safe investment that even now one would value at 3p.

Not the most sensational answer but with lower debt risk, PPC is a much safer share to invest in - just not the excitement of being able to multi bag from current levels even if poo was to shoot up.

Looks the meeting is being abandoned due to previously agreed cuts not being met by Iraq and Nigeria. May will push Brent back down to 35 if another meeting is not rearranged until July

Well done on your sell ponzi, ignore the haters, you called it correct in selling when you did, followed your head like a savvy investor so good on you.

Will be nice to see 18s again, great top up opportunity.

No drill down data but there are two red flags that weren’t there a month ago

*stock

I believe so, stockopedia currently has two shorting flags on this stick atm

Some absolute huge sells going through

Why has the RNS been taken so negatively? What is the market reading in to it?

Have to agree, what shareholder return are they really giving us? SP has tanked since most bought in, production is steady, nothing to be excited about and the outlook is just to keep squeezing a little more from our existing assets.

Other oilers like Enq are pushing forward giving the PI something to look forward to but this looks like another year of sideways movement from Trin.

Bottom drawer.

Maintaining the dividend and not accelerating the payback of debt are also risks.

No director buys in a while.

We’re only hedged to Apr 2020 so will be interesting to see what’s next

https://www.google.co.uk/amp/s/oilprice.com/Energy/Natural-Gas/US-Gas-Giant-Downgraded-ToJunkStatus.amp.html

So much for charts

Yes... which begs the question, why would someone invest in this right now... also given a fundraiser maybe on the cards to get the deal over the line.

Always liked Sound, and will continue to keep mo ey aside for it but really with no revenue streams projected until some serious work and deals are completed.... I’m willing to sit on the sidelines until things are more clearer and around 4p.

Each to their own with their own plans

Look down below.

4p looks to be the entry point

Someone is clearly in the know to be selling up close to £100k. That’s not normal. Let’s see what tomorrow brings, those are some low prices to be selling at so doesn’t fill one with confidence

Not much to report at the mo but happy with the hold

Hi crl, hope you're right, we're at our 52 week low now so lets hope we dont drift too much further from here

I stand corrected, the last two days have just been very exaggerated. I only hold here so haven't noticed a huge daily top in the other shares unless it was RNS related. Just abit miffed here with the selling over this past month and the size of the amounts sold - it has to be someone with a large holding with the amounts being sold.

The previous Trinity presentation mentioned the directors owning quite a large allocation of the shares, not sure if around 24%... Would like to see if anything has changed.

True.... Something isn't quite stacking up.... No other oiler (in my portfolio atleast) is seen anything like these falls. President, Hurricane, Jersey Oil etc

If it was industry related we'd see them all declining.

And the high level sells have been around for a couple of months now and in huge volumes.... Clearly somebody knows something we don't.