Re: Touchstone Exploration ( TXP )
Posted: March 6th, 2021, 1:02 am
Short positions have increased on TXP. Par for the course given the big rise and tax year end ahead, along with the IG fiasco. But as they short, so later they have to close those shorts......so we should expect some decent buying in the coming 5 weeks at some point as they close out ahead of mid April onwards which will have a lot of news.
Euroclear's latest Stock on Loan(short) Report published 5th March 2021:
0.00% - Jadestone Energy / No Change
0.00% - PetroTal / (down from 0.22%)
0.45% - Pantheon Resources / (Down from 0.50%)
0.55% - Savannah Energy / (down from 0.65%)
1.23% - Touchstone Exp / (up from 0.52%)
3.79% - Shell / (up from 2.38%)
3.60% - Enquest / (up from 3.06%)
3.89% - BP / (up from 3.76%)
6.43% - Cairn / (up from 5.76%)
I do agree with Malcy, and I am buying monstrously for the long term.........
https://www.malcysblog.com/2021/03/oil- ... d-finally/
....Touchstone has had a brilliant performance with the drill bit in the last year or so and this report shows just how big these Trinidad assets really are. The shares have suffered from the usual post success market syndrome as investors have a combination of a desire to take a very decent profit and a worry that the best of the rise is now in the price.
Whilst the former is understandable, it and the latter have by no means taken account of just quite how much Touchstone have found and been given in this report by GLJ. On a short term basis the shares are 20% off the 178p peak and whilst the 1 year numbers still show a huge rise the value of the company remains vastly above the current 150p. TXP is still a monster buy on any long term valuation.......
Euroclear's latest Stock on Loan(short) Report published 5th March 2021:
0.00% - Jadestone Energy / No Change
0.00% - PetroTal / (down from 0.22%)
0.45% - Pantheon Resources / (Down from 0.50%)
0.55% - Savannah Energy / (down from 0.65%)
1.23% - Touchstone Exp / (up from 0.52%)
3.79% - Shell / (up from 2.38%)
3.60% - Enquest / (up from 3.06%)
3.89% - BP / (up from 3.76%)
6.43% - Cairn / (up from 5.76%)
I do agree with Malcy, and I am buying monstrously for the long term.........
https://www.malcysblog.com/2021/03/oil- ... d-finally/
....Touchstone has had a brilliant performance with the drill bit in the last year or so and this report shows just how big these Trinidad assets really are. The shares have suffered from the usual post success market syndrome as investors have a combination of a desire to take a very decent profit and a worry that the best of the rise is now in the price.
Whilst the former is understandable, it and the latter have by no means taken account of just quite how much Touchstone have found and been given in this report by GLJ. On a short term basis the shares are 20% off the 178p peak and whilst the 1 year numbers still show a huge rise the value of the company remains vastly above the current 150p. TXP is still a monster buy on any long term valuation.......