Keyword results: Trinity Exploration

RRL
RRL

Why I would still avoid Range Resources

Those who have been around the AIM market for a while will probably remember a company called Range Resources (RRL), and its infamous CEO Peter Landau.

Trinity Exploration shares suspended - Citibank finally pulls the plug

For months and months Trinity Exploration (TRIN) has been in default on loans taken out with Citibank. Investors who declined to sell the worthless shares seemed to believe the truism that "If you owe the bank $1 you are in trouble, if you owe $1 million the bank is in trouble" as Citibank - which was actually owed $13 million declined to pull the plug. Until today. Instead of the normal weekly rollover announcement we are told:

Trinity Exploration - will its $23 million tax black hole sink it for good? Or will something else sink it first?

It is in default on its loans but the banks keep putting off the day they pull the plug. Today the company admitted that its attempts to sell its assets had not yet secured any firm offers. Well knock me down with a feather boa sailor, quell fecking surprise. But now it gets worse. Top analyst Zac Phillips, a man who was once seen as the Geoffrey Howe of hydrocarbon analysis but who is rapidly become an attack shark, flags up a massive black hole of a tax liability for Trinity Exploration (TRIN). Writing in the SP Angel morning note today Jaws warns:

Toast

Over half our readers reckon Gulf Keystone is the next oil mid cap to see shareholders wiped out

We polled you on Friday asking which oil mid cap did you think would follow Circle Oil (COP) in admitting that there would be little or no value left for shareholders. Which is the next oil company to admit that it is toast. And your verdict was clear. I would say that it is probably a tight race between the gold and silver medalists in this poll. You voted:

Toast

Reader Poll: Drowning in Debt Oil mid caps - who will admit that it is toast next?

And so today, Circle Oil (COP) has admitted what anyone with half a brain cell could have figured, that it is officially toast. The question is which of the drowning in debt oil mid caps or large E&Ps will be next to fess up? There is an RNS from Gulf Keystone (GKP) today saying its bondhoders have given it another 11 days but could it be overtaken by XCite (XEL), whose shares are sliding as the clock ticks? Other oilcos in breach of loans include Trinity Exploration (TRIN) and LGO Energy (LGO) while the yield on IGAS debt suggests it is in the merde. So who will be next to admit it's toast, to use either the word "administration" or the phrase "little or no value for shareholders". Voting deadline is midnight tonight.

Bearcast

Tom Winnifrith Bearcast: Ryanair's Michael O'Leary hoisted on his own fecking EU £315m petard - rejoice!

The link is in the side bar but Ryanair (RYA) Euro loon Michael O'Leary  is today hoisted on his own £315 million EU petard. Fecking excellent news. Elsewhere I look at the piece of Turkish that is Golden Saint Resources (GSR) - still pissing away £3k a month on PR genius Steffi - as it heads for insolvency again. Then it is onto Nighthawk (HAWK) and Trinity Exploration (TRIN) and the problems for banks that lend to oil companies. Then I refer to HSS Hire (HSS) and cover Andalas (ADL) again as its shares sink like a stone. They have a lot further to sink, sell now!

Zak Mir's Bulletin Board Heroes: Aeorema Communications, Alexander Mining, Central Rand Gold, Mosman Oil & Gas, Trinity Exploration

Featuring shares in Aeorema Communications (AEO), Alexander Mining (AXM), Central Rand Gold (CRND), Mosman Oil & Gas (MSMN) and Trinity Exploration (TRIN) with share price targets for all five stocks.

Zak Mir's Bulletin Board Heroes - Forbidden Technologies, Pantheon Resources, Red Rock Resources, Sirius Petroleum, Trinity Exploration

Featuring shares of Forbidden Technologies (FBT), Pantheon Resources (PANR), Red Rock Resources (RRR), Sirius Petroleum (SRSP), Trinity Exploration (TRIN), together with some share prices.

Bearcast

Tom Winnifrith Bearcast 26 October - Dancing on Graves, Globo, CEB, Eden and more

I am in a rush, as I explain in this podcast. But I am also in a good mood. I may well have a celebratory ouzo for lunch as I think of the Council House morons who bought shares in Globo (GBO) last week just because I was a bear. Enjoy poverty peasants. So I cover Globo, Sareum (SAR), Trinity Exploration (TRIN), Lombard Risk Management (LRM), Eden Research (EDEN), CEB Resources (CEB) and Scancell (SCLP)

CEB
CEB

Zak Mir's Bulletin Board Heroes: Auhua Clean Energy, African Potash, CEB Resources, Falcon Oil & Gas, Trinity Exploration, UK Oil & Gas

Featuring shares in Auhua Clean Energy (ACE), African Potash (AFPO), CEB Resources (CEB), Falcon Oil & Gas (FOG), Trinity Exploration (TRIN), UK Oil & Gas (UKOG), together with some share price targets.

Zak Mir's Bulletin Board Heroes - African Potash, Audioboom, Sefton Resources, Trinity Exploration, UK Oil & Gas, XTR Resources

Featuring shares of African Potash (AFPO), Audioboom (BOOM), Sefton Resources (SER), Trinity Exploration (TRIN), UK Oil & Gas (UKOG), XTR Resources (XTR), together with some share price targets.

RRL
RRL

Zak Mir's Bulletin Board Heroes - Gulf Keystone, Kibo Mining, Pathfinder Minerals, Range Resources, Reach4Entertainment, Trinity Exploration

Featuring shares of Gulf Keystone (GKP), Kibo Mining (KIBO), Pathfinder Minerals (PFP), Range Resources (RRL), Reach4Entertainment (R4E), Trinity Exploration (TRIN), together with some share price targets.

Bearcast

Tom Winnifrith Bearcast - 8 April: Defending NonDoms and more

I start by defending NonDoms. Do not get me wrong the owner of Chelsea FC is not my fave guy but the politics of envy is self defeating. Then to stocks - I start with the China Norfolks and then it is onto Coms, blinkx, Trinity Exploration, the BG/Shell deal and what it means for smaller oil stocks and Starcom.

Listen to the Bearcast:

Trinity Offers Good Upside & Newsflow

Trinity Exploration and Production (TRIN) has looked undervalued for a long time, but that could soon be about to change. The AIM-listed, Trinidad-based oil and gas company had previously looked cheap compared to its peers even when oil was at much higher prices, and since crude tumbled late last year it has been hit harder than others in the region. 

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