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Touchstone Exploration – Q1 results, upcoming potential catalysts: BUY

2021-05-15 17:33:30

Oil and gas company in Trinidad and Tobago Touchstone Exploration (TXP) has announced that, despite a focus on its Ortoire block exploration program, in the first quarter of 2021 it “generated funds flow from operations of $538,000” and “believe that available credit facility capacity combined with anticipated funds flow from operations will be sufficient to satisfy… 2021 minimum exploration work commitments”. That sounds encouraging.


The recent drop in the share price of Touchstone Exploration offers a buying opportunity for those able to accept the risks

2021-04-10 13:47:01

Touchstone Exploration (TXP) has fallen out of favour with investors in recent days following testing news at one of its wells which the market took badly and caused the share price to drop by more than 30%.


Touchstone Exploration is up 900% since I tipped it as a buy but I am not telling you to sell

2020-12-19 14:03:24

People often try to tell me that it isn’t possible to make money by actually investing in AIM oil and gas companies and that they are only worth trading, but I would have to disagree based on some of those that I’ve picked out over the years as having long term potential.


Touchstone has production and exploration upside, although funding could prove to be an issue - speculative buy

2019-01-04 05:37:50

These days I tend to avoid oil companies at the bottom end of the AIM market as usually the risks aren’t worth the rewards, and the majority of them do nothing but fleece investors over a number of years without ever achieving anything of note.


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