Member Info for TrekMadone

That’s because I think it’s 4 times at least you’ve tossed off avoiding a simple question!

Anyways in the meantime I have added 300k in byot. So toss away! And thank you for the reassurance that I am onto a good investment here at long last. And if you think I’m a ramper just just check my posting history here. Lol!

Trek

And I repeat, stt1,

What are your motives for posting here?

Trek

And I repeat, stt1,

What are your motives for posting here?

Trek

And I repeat, stt1,

What are your motives for posting here?

Trek

And I repeat, stt1,

What are your motives for posting here?

Trek

= 45.49 but don’t pay that much attention due to volume and listing disconnect. The differential can actually be 20%. What we gonna do about it? Like PB said aim is the main listing in case they need capital so tsx should always be at a premium. I think!

Trek

North Selling. What a blessing imo. Some PI’s don’t get it that low stock prices can be good, it presents opportunity as long as you don’t have to sell. Hence I had no qualms at adding here at 40p. It’s like owning an income stock peeps moan coz their in the red but what does it matter as long as the fundamentals are right you get more shares for your scrip and then time your exit. Of course that assumes things pick up again.

Atm we are facing another black swan in Cv, I have been shorting Hsba and Av. Off the back of it, doing very well atm cashed 40pts on Hsba and just trickling AV. on an autotrade. These are (unfortunately) opportunities but in over 20years in this game I have never come across such a market agnostic opportunity as TXP. As PI’s we can make our own decisions, mine is take full advantage of the seller. It’s a gift. Grab it!

Trek, imo, DYOR and all that stuff that shouldn’t apply to grown ups!

Can’t believe it’s up today. If it hits 591 go short again. Probably take half at 20pts. Let the rest ride. Come to daddy! Playing blue chips is a piece of cake compared to aim. My AV. spreadbet is just creaming it. Sell 407 buy 401 all on auto trade.

Trek

I reckon it’s an insti profit taking. Just shows what a great market we have in bpc. Mm pushed down price, mostly PIs bought and absorbed with just a 7% drop. We’ve had spreads higher than that! Bodes good imo, onwards!

Trek

“Just looked at those 1M trades, they do look like buys, so why has the price fallen, ”

Because we are on setsqx so the mm may manually adjust the sp to maintain/create a market.

So if the want peeps to buy they put the sp up if they want peeps to sell they push the sp down. It works, punters chase rising stocks but if they push the sp down and peeps keep buying then they will take out the stops grab the shares from weak hands and flip it around again end of day.

You gotta feel sorry for them when they drop the sp and peeps keep buying coz when that cookie jar empties they have to buy from other mm’s to hold the minimum market and if that dries up they’re fkd! Then you get a gap up. This is where there has been a vacuum in the volume and the sp can spike dramatically to attract sellers. Don’t be surprised to see a whole penny rise in one day next week and then more the day after and this can be driven by trades even in the absence of news.

Trek

Good post Lexion and very conservative which is reflective of the market.

What I find unusual, and I know it’s a BB, is that all bar a couple of newly arrived posters we seem to be content to hold or add (I added at 40p ish) because we can clearly see the disconnect between fair value and SP. Sure there are many ‘undervalued companies’ on aim but there is usually a reason, an element of doubt or an expectation that things may change. Here it’s like we haven’t even reached the point of being reasonably undervalued yet! Hence so many long term holders taking full advantage of the seller and going overweight TXP.

Just one concern, if us amateurs can see that, who else is looking. Given the stonking results imo Cascadura will be on the radar now of some serious large companies. I wouldn’t rule out a farm in from the likes of Shell, BP or Exxon, especially Exxon. I do hope though that it is only a farm in, coz I don’t know about you but the price disconnect makes one feel vulnerable and I would not be happy to be taken out after all this risk even for 94p coz I think there’s much much more to come

Trek

Buys flying in from RNS chasers, my how everyone is a trader on aim nowadays! Funny thing is though, many of those that have been here for 10 years may see a very good return shortly pipping all those trading costs and sleepless nights.

Trek

“Well I would have a problem choosing between my wife and TXP now”

Two amazing gas discoveries!

Trek

https://www.ii.co.uk/analysis-commentary/hurricane-energy-shares-plummet-multi-year-low-ii510457?utm_source=IBMW&utm_medium=email&utm_campaign=Afternoon_round_up_newsletter_060220%20(1)&utm_content=&spMailingID=8603579&spUserID=MTQyNzM1ODMyODU2S0&spJobID=1450875154&spReportId=MTQ1MDg3NTE1NAS2

Last bit...

“Our view remains that while there is a binary risk from the Lancaster conclusions, the upside potential due to the size of the field remains significant, all the more so at current share price levels.”
While acknowledging the risk, the team at Arden think there's potential for shares to reach 90p. They made no change to their forecasts today, adding that it would be a positive for Hurricane if got permission for Lincoln Crestal to remain suspended for use at a later date.

Analysts at Stifel have a target price of 100p, adding that additional Lancaster production drilling represented the “highest and best use of capital”.

Trek

Totally agree, there are so many different verticals, each a potential company maker. All protected with valuable global patents. Then there is a major investor, PSS with 28%, then there is Setcar driving revenues which add to the apparel income streams, then there is the successful placing at a higher sp so we don’t need cash and further R&D is financed. Then there is (unfortunately) Vrs that is now getting a kicking (China) after peaking at a ten bag and probably needs cash as well now so investors may switch to here. I mean you couldn’t make up such an amazing case for a sp and few shares in issue. It’s just a question of time, maybe the potholes like itsyou called will be the catalyst but something will give at some point. We have seen what was possible with Vrs and imo we are in a similar if not better position to them when they were sub 20p as we have revenue.

The most difficult thing here is staying patient.

Trek

Touchstone Exploration
The Cascadura well on the Ortoire block in Trinidad has been exciting the industry fora while now and today the answer is given, it is indeed a liquids rich gas discovery and a dramatic change for Touchstone. Whilst only testing the lowermost 162 feet of the 777 feet of pay in the Herrera formation they averaged 5,180 boe/d including 26.9 mmcf/d and 694 b/d of natural gas liquids.

The distribution of results on a well of this type is difficult and they have managed to successfully deliver the results well in difficult circumstances, oil or gas or something in between updates have been given as promised even when diagnosis was tricky. I spoke to Paul Baay recently and he needed to get the right testing equipment on site, difficult when you are unsure of what you are testing.

So, as they had believed, the Ortoire Block looks like being a genuine company maker for Touchstone who have so much further work to do that even with the shares at 40p, some peoples target price, I suspect that there is plenty more to aim for.

.....

I still think he could be more positive. No mention of other prospects, coho etc. He seems to play us down while pushing a hard luck story for Hur and others that he just keeps plugging.

Next time he sends out his bucket list I’m gonna short the lot of them!

Trek

....A buying opportunity!

43357 mine mine mine!

Trek

£1

I never realised we hadn’t reached TD, so drilling another well on Cascadura to reach 65000’! It really is a beast. So we get upper level tests to look forward to in approx 4 weeks and 3 more drills! And we may have had an insti selling into the rise so my 50p target is imo gonna look silly end of the year this could easily go well over £1 which is only a 161m MCAP for a fiddler that could be soon doing 100m Rev per year. Astonishing!

Trek

When he says ‘valuable gas’, what type of gas does he mean?

Valuable!

Sorry couldn’t resist, he means fiscally.

Trek

Just got 15k also at 40.8125, I don’t get why it’s so cheap. Surely the Cos for testing the other layers must be near 100%. I mean wtf is this market playing at. After 20 years in this game I have never seen such an opportunity in terms of ‘surety’. Selling elsewhere and adding here. Back the winners. GLA.

Trek