Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
And as I recall...the best quality light sweet oil was found in the deepest part of the well...so am optimistic about the Royston ST. PB mentioned that they would be using approx 7000 feet of the original well thus shortening the overall drill time and getting the results that much quicker.
Given how stead fast they were about no placement...Mgmt should commit to buying thee shares back over time when cash flow allows...would be the right thing to do IMHO
They have now added more eggs to the Royston basket...hope it works out or the SP will get slammed big time as I assume Royston ST will happen before Casca is up and running.
I agree that the tide has turned for TXP. Those investors who sold, understandably, out of frustration over the repeated delays should take a second look IMHO as this story is about to get exciting again. The stock remains a bargain at these levels ahead of EIA approval which could come at any time.
Thanks for the link HS...an article with a positive tone IMO...good comments by XM reminding everyone that it is the largest on shore gas field ever found.
Given recent episodes of vandalism, hope they have around the clock security at the facility where this pricey equipment is being stored
I think Minister Young plays a key role here in bringing the EIA approval to a resolution asap.
Failing to do so flies in the face of his pro energy development message for TNT . Allowing this to drag on will only deter any further investment in the country. IMHO
If there is news Friday the SP action the last few days suggests bad news IMHO
Not sure which would be worse...further delays to hook up, or hooked up but flowing at less than anticipated.
The market will have a negative view either way.
The posts on the short interest prompted me to checkout the short count/history on a Canadian site…ceo.ca txp…according to this site the short count has increased from approx. 547,000 shares at end of Jan to over 1.26 million at the end of March. It essentially doubled during the month of Feb, with an increase of 533,000 to a total of 1.08 million. The bulk of the increase came during the last two weeks of Feb, and continued into the first two weeks of March. The last two weeks of March shows an increase of just under 20,000. The total 1.26 million share count represents less than 1% of the float so perhaps this is just the Canadian market? It was the rapid increase in the short interest over the last two months that got my attention…with much of it coming in the weeks leading up to the March 7th reserves report.
Again, these numbers are according to …ceo.ca
Great post Trek...a thoughtful and timely reminder on sentiment, small cap stocks, and how quickly it can change.
The MC of TSP is approaching a mere $300 million CAD...woefully undervalued by any measure.
I have come to think of Coho as a desert mirage...an oasis in the distance that remains elusive no matter how close you think you are getting to it. I believe we are still awaiting final approval, but beginning to wonder if there is more to the story than just long approval processing times in TNT. I know Coho will happen eventually, but...Hmmm
After reading the RNS and webinar notes I think a small raise is in the cards more than ever. But I look at it as an investment, and think PB will keep the raise to a minimum and explain that it was necessary given that the project has become more "complicated"as he stated in the proactive interview. He spoke with a lot of conviction re finding liquid rich natural gas in the next two tests. After the Chinook ordeal I can't imagine he would put himself in the predicament again unless he his pretty certain that good, to very good results lie ahead. If that turns out to be the case, and there is a raise, perhaps it would happen after the next round of results...saving the third round post raise which if positive would continue the upward momentum and attract more investors.
The extremely bullish tone of the RNS along with Paul's comments in the interview, a trip to London even before all results are out...leads me to believe they already know what they have here, and the upcoming 2nd and 3rd round of results will be very positive...IMHO