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Bullboard - Stock Discussion Forum TRILOGY ENERGY CORP. T.TET

"Trilogy Energy Corp is a petroleum and natural gas energy company and it acquires, develops, produces and sells natural gas, crude oil and natural gas liquids. Its petroleum and natural gas extractive operations are situated in the Province of Alberta."

TSX:TET - Post Discussion

TRILOGY ENERGY CORP. > RE:RE:RE:RE:I will be buying 10,000/ day until this hits 5
View:
Post by oilbully on Sep 26, 2015 3:15am

RE:RE:RE:RE:I will be buying 10,000/ day until this hits 5

Hey Piper:


Yes I did the financial on CRS however as a rule of thumb I don't play with penny stocks. Usually anything less than 5.00/share I don't touch.

My main holdings right now are SUNRPATH,TET, Dow indexes and Cash.


My main reason for jumping in with TET is due to the high ownership, fast recognition by management of a low price environment  (Dec 2014) and massive cost cut + dividend.

Management owns 49% and Clayton Ridall puts his money where his mouth is. (Very experienced guy), also the banks are starting to put stakes in this company in the 10,000,000 share range. 

From my observations noticed that clients of Goldman Sachs seem to be the ones offloading shares with CIBC world markets a strong net buyer.

Also, notice how lower volume is moving this down, usually this is a bullish signal of a reversal, but in this environment you never can tell. 

I started loading up recently and by Nov 2015 will probably have about 250,000-350,000 shares.at an average of around (3.7-4.4).

I am not advocating to buy tet, rather do your own due diligence. However, as a tip from an old fart. trade on  news. 
 
 
The biggest news I am waiting for is:

i) Operating expense cutbacks. Currently 10.00$/Barrel and sliding
ii) Progress on the normal course issuer bid to buy back 6% of the company.

Untill than I will moderalty increase my position to the 250-350k share range.

No one knows where this stock is going, however if you think Bankuptcy is even a remote possibility I suggest buying bonds or preferred shares other than that dont play in the market.

Read more at https://www.stockhouse.com/companies/bullboard/t.tet/trilogy-energy-corp#w7wM37oZPPltcCth.99
Comment by Piperdown on Sep 27, 2015 3:32pm
Thanks oilbully. Great post. You have your plan and that is excellent. I also like ATH, but not in it at this time. I have been in it lots of times in the last few months. The oil plays are getting smoked big time this year. The past week there was a lot of selling of the oil companies with oil stabilized and up a little, sitting in the $45 area. I think they are under pressure with shorts still ...more  
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