Touchstone Still Focused on LONG TERM VALUE CREATION Lurk & Learns:
Monetization is a word that is a significant data point worth considering with any investment /speculation.
In the case of Touchstone, the plethora of "experts without T& T" experience are quite cavalier in second guessing PB's compentence even in the face of his SUCCESSFUL navigation of his team as they advance the delivery of the Cascadura (& Coho) projects.
In Trini speak, "they think it easy". But (despite labour, weather, political, an evolved environmental conciousness and a densely populated 1864 sq miles) it is a mornumuntous challenge on many fronts when attempting to replicate a "by-gone" industry in the face of an economy of severely impacted by Piarco departees.
These "so called experts" have no concept of what it takes to "return to the WW1 glory days" when T & T's oil fueled the planes being credited with a successful war effort. But I digress.
An associated investment term is "on time and on budget". And yet again, these "experts" fail to comprehend the causative contributors to project slippage These so called experts (aka flame throwers) will be lost if given the challange of carbide ignition in "bamboo busting".
Point being, with the closing of the PaP refinery there was an associated reactionary migration of the skilled (primary & spin off service) trades people to areas of the globe where there was a paucity.
The main recent area/destination being "BG" (Guyana) as historical Edmonton is "cold no a$$" for the average Trini. Meaning TXP (& CONTRACTORS) have/had to scrounge (& or import) for trades people to the detriment of the remanant/decimated local industries with the monetary incentives many times the "going rate"; ex-trades now nubie "doubles vendors" are addicted to the "margins" posssible from their economic shift being provided (sometimes) by a "coalpots & tawa".
As per the recent post highlighting the Royston sidetrack is under exploration/development drilling while Cascadura Phase I is being prepared for production. Yes PRODUCTION of a (niche) commodity desparately needed to feed the expansive Phoenix Business Complex up to and including the T & TEC Power generating machine.
Meanwhile the Shell (?) promoted Dragon field may not benefit from US VP (Kamla Harris's) success in getting T & T aligned with Venezuela (as T & T is hosting ~100,000 of their citizens, ncluding some awesome parang talent).
Most Trinis are appreciative of the decision of Touchstone to SUPA (See Understand Plan & Act) the GAS potential of the Ortoire Block akin to the vast copper mines prospected based on the patina broaches being worn by proximal inhabitants. Typically up to 10 years to monetization. As is also the case with Touchstone. Most "experts" cannot "defferentiate" the three main phases of O & G (exploration, development & production) choosing instead to resort on a faceless board to the other usage of the root "deff".
IMHO, as we close the gap from discovery to monitization of Ortoire gas, credit should be given by the patient Lurk & Learns to Touchstone's efforts, despite the "cry downers" for making the (risky) decision to advance the fortunes T&T and investors alike of a possible (unbounded only by the Clover HF, offset??) gas field possibly re-emerging of the coast of Guyana/Surinam.
As we close-in "45 days" re Royston Sidetrack & "Q1 for Cascadura Gas" a data point worth considering is when the shorters appear to see some possibility of "significant" bank account shrinkage by finally closing their positions.
In Trini speak, once the "moko jumbies" have alighted from their (paleo-drone) perches the latest short positions might presage a revitalization of the T & T treasury & monitization of the Harrera down to the Cretaceous if only until the Hydrogen economy gains traction. Crystal ball "Touchstone Hydrogen" anyone?
GLTAL GLAP Caveat Emptor
Cheers
Stanley
| T : TXP | 2023-01-31 | 85,953 | -134,820 | 233,037,226 | 0.04 |
| T : TXP | 2023-01-15 | 220,773 | 177,398 | 233,037,226 | 0.09 |
| T : TXP | 2022-12-31 | 43,375 | -207,292 | 233,037,226 | 0.02 |
| T : TXP | 2022-12-15 | 250,667 | -824,188 | 233,037,226 | 0.11 |
| T : TXP | 2022-11-30 | 1,074,855 | -31,644 | 213,112,826 | 0.50 |
| T : TXP | 2022-11-15 | 1,106,499 | -34,007 | 213,112,826 | 0.52 |
| T : TXP | 2022-10-31 | 1,140,506 | -9,516 | 213,112,826 | 0.54 |
| T : TXP | 2022-10-15 | 1,150,022 | -17,573 | 213,021,161 | 0.54 |
| T : TXP | 2022-09-30 | 1,167,595 | 60,560 | 213,021,161 | 0.55 |
| T : TXP | 2022-09-15 | 1,107,035 | -28,930 | 212,275,327 | 0.52 |
| T : TXP | 2022-08-31 | 1,135,965 | -52,938 | 212,275,327 | 0.54 |
| T : TXP | 2022-08-15 | 1,188,903 | -378,500 | 212,275,327 | 0.56 |
| T : TXP | 2022-07-31 | 1,567,403 | -407,031 | 212,275,327 | 0.74 |
| T : TXP | 2022-07-15 | 1,974,434 | 290,711 | 212,275,327 | 0.93 |
| T : TXP | 2022-06-30 | 1,683,723 | 169,311 | 212,275,327 | 0.79 |
| T : TXP | 2022-06-15 | 1,514,412 | -132,954 | 212,275,327 | 0.71 |
| T : TXP | 2022-05-31 | 1,647,366 | -123,298 | 212,275,327 | 0.78 |
| T : TXP | 2022-05-15 | 1,770,664 | 204,702 | 212,275,327 | 0.83 |
| T : TXP | 2022-04-30 | 1,565,962 | 454,895 | 212,275,327 | 0.74 |
| T : TXP | 2022-04-15 | 1,111,067 | -154,672 | 210,826,727 | 0.53 |
| T : TXP | 2022-03-31 | 1,265,739 | 19,895 | 210,826,727 | 0.60 |
| T : TXP | 2022-03-15 | 1,245,844 | 165,303 | 210,826,727 | 0.59 |
| T : TXP | 2022-02-28 | 1,080,541 | 373,795 | 210,826,727 | 0.51 |
| T : TXP | 2022-02-15 | 706,746 | 159,735 | 210,731,727 | 0.34 |