Member Info for spawny100

Generally agree dana but I think the 55p yesterday was a bit frothy so can hardly be regarded as a stable MCap to benchmark from.
Separate note I wasn't impressed with the word "intends" to drill Royston subject to lots of vague conditions. Anyone else feel the same there?

Good to get placing at 40p sorted so quickly. Can now move on with accelerated drilling program. Bit annoyed North Energy picked up another chunk - would have been much nicer if it was open to existing shareholders but it's out the way and money in the bank for Chinook and Royston.

Well done hillbilly. I had a quote to sell 50k @55p that I thought about taking but didn't. Hindsight's a wonderful thing. Can't see it staying in 40s for too long though but wtfdik.

Canada is still suspended no? Those buying at 50+ yesterday and today are entitled to be pretty hacked off, particularly if they are on t10's etc. I can't see the price staying in low 40's for long but there will be some serious churn tomorrow. Maybe Paul's comment about drilling on borrowed money turning out to be dusters was a hint at the placing - meaning that he was not going to increase the debt by extending the facility. He did hint at having to rethink whole strategy because Casca is just far bigger than they thought. Short term unpleasant but I can see it back up to 50 very quickly. Long term holders who could have got 55p today are simply not going to be selling at mid 40's tomorrow imo.

Lexicon that's exactly what I did re RRE into TXP with a view to coming back into RRE later. I sold out of RRE and went in very overweight TXP now have average 23p there. Trouble is now I'm loathe to sell and TXP to get back into RRE!

Interesting Simon thanks. Aside from the 20k production it's their fairly small reserves figure that is most interesting "Total proved reserves in the Gulf of Mexico as of year-end 2017 for the Company were 23 MMboe." If (and it's still a big if) TXP are sitting on something like 0.5 tcf of gas then their boe equivalent in reserves would likely surpass this number. I understand a rough rule of thumb is 0.5 tcf approx 85 MMboe. Happy to be corrected if wrong. Idle speculation at this point until they have a better handle exactly what they're sitting on.

I've been buying all the way up from 10.48p Groover. Last purchase was at 39p and now have an average of about 23p. I'm more than happy with that and certainly not selling any for some time yet whilst we watch the story unfold! Basically if you think a share is cheap and worth buying at whatever price it currently sits then your average buyin price is not worth stressing about imo. No advice intended just my tuppence worth.

You're not investing on credit are you? That's pretty stressful if so. I did so when I started 20 years back. Best adage is to ride your winners and cut your losers.
Tomorrow will be interesting here as Canada is closed for family day so will we close the gap with them I wonder?

What's the problem with increasing your average groover? I've never really understood it. Seems to come down to a desire to look at portfolio and see % gains in the hundreds. I'd much rather average up on a share that I truly believe in than aver3down on one I don't. I've learned thus the hard way!

This is different imo. We're a week nearer news on next section of Casca. Weak holders flushed out. I don't think it's going lower, shame as I was waiting for 35p. We'll see Monday!

Suspect their 7000 boepd 2021 forecast will be upgraded significantly in due course.

https://www.proactiveinvestors.co.uk/companies/news/912974/touchstone-exploration-has-considerable-running-room---shore-capital-912974.html

Interesting dana. My personal view is that battery vehicles will be a cul de sac and that the future economy will be largely gas driven. Both natural and hydrogen. I've been moving some money over to companies like ITM in recent months.

I predict a rise into the close today and Canada having a jump this evening in expectation of some news next week. We'll see.

Suspect there are people here with a lot more than 200k.shares Trek. There are guys on one of the other boards with 2 million each! I have 125k here and regard myself as pretty small fry but it's a hell of a lot of my portfolio as I'm not vastly wealthy!

Do I sense someone upset because they didn't have any shares here?

I don't know their production Shell guy. Have been trying to find out via Google. I remember in one of Paul's longer presentations on youtu e he puts up a graphic of TXP production relative to other companies. Will try to dig it out when I have a mo. Agree PHOTOTLP Paul is a great CEO and I like him more and have more confidence in him every time I see him present. So many CEO's ring alarm bells for me almost as soon as they open their mouth!

Yes when the advertised spread was 28/28.5 the actual real spread was more like 28.06/28.17 hence several buys (including the 50k) were put in the sell column.

He also said after what they've found at Cascadura TXP has become a different company than they were the day before. This implies that it's going to be big and he's been quite understated with things to date.

Yes I just noticed that a d posted it on another board. Very bullish sign they want your shares!

Yes the other huge thing in TXP favour is that their monster targets are all onshore!