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Touchstone Exploration Inc T.TXP

Alternate Symbol(s):  PBEGF

Touchstone Exploration Inc. is a Canada-based company engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. The Company is active in onshore properties located in the Republic of Trinidad and Tobago. It operates Trinidad-based upstream petroleum and natural gas activities under state exploration and production licenses with the Trinidad and Tobago Ministry of Energy and Energy Industries (MEEI), Lease Operatorship Agreements (LOAs) with Heritage Petroleum Company Limited and private subsurface and surface leases with individual landowners. Its main exploration focus is the Ortoire exploration block. The Ortoire exploration block covers about 44,731 gross acres on the east side of Trinidad. Its other exploration prospects include Royston, Coho, Cascadura, and Chinook. The Royston location is targeting a deep gas prospect with an estimated target depth of about 11,500 feet.


TSX:TXP - Post by User

Comment by Margin321on Nov 20, 2022 2:38pm
236 Views
Post# 35113981

RE:RE:RE:Curtains opening -up?

RE:RE:RE:Curtains opening -up?Hi KH, it is a conundrum. I have been trying for so long to poke holes in the story. But I don't think there are grenades out there. Every way I look at it Cascadura is worth twice current marketcap - and that should put some kind of a floor on losses from current price. That said TXP has been on sale for a very long time. You could have had many chances to leave and come back. There has been no urgency to buy. It hasn't been threatening to run away from us. We are however maybe in low end of trading channel. If you sold today, would you be happy buying back in at C$1.40 in January. That would still be a bargain price. The risk is you wouldn't buy back for $1.40 and then might just have regrets if the story is true and the shares go to $3-5 in a year and $5  - 10 in two years. I guess if you have some great tax gains to offset and would not hesitate to buy back at $1.40, then taking a tax loss with plan of re-entry might make sense.  Just be aware, as I know you are, that I have had this same exact feeling that Cascadura is worth twice the marketcap and some of that value is about to be recognized in share price - for a very long time and it has not happened yet. Like you say a conundrum. I just keep doing my due diligence again and again. If I am missing something I cannot find it -  yet. 
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