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Bullboard - Stock Discussion Forum 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... see more

TSX:TXP - Post Discussion

Touchstone Exploration Inc > Valuation currently?
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Post by Davidblackgreen on Mar 13, 2021 7:36am

Valuation currently?

Why this stock might be somewhat more pedestrian now and not the valuation most of us see as "Fair" but maybe this is worth a thought?

 

TXP could currently be described as “Too big for the short term punters and currently too small for the trackers and core institutional buyers.” 

 

But once companies exits that quiet zone just watch them fly because when institutional money starts to pour in, it does so in size and with very little selling pressure until stocks double or treble. 

 

And lastly when they come they come as a herd.

Comment by Ginmunger on Mar 13, 2021 8:49pm
No real reason to overthink it. We were all hoping, PB included, that the test results for Chinook and Cascadura would be available before the reserve report came out. What we got instead were delays, trace amounts of oil, an unexpected extended production test. That said we also found out the equipment is finally here and that hopefully by end of April or early May we will have some concrete idea ...more  
Comment by Davidblackgreen on Mar 14, 2021 3:04pm
Is the equipment there? I have heard that one before.
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