Touchstone Exploration Inc T.TXP

Missed Opportunity - Jump Around

[AliNaimi]

Owned TAB/TXP on/off for eons. Problem with TXP when you sit across the table from Paul Baay/John Wright knowing the billions of shareholder value destroyed during their tenure at True/Lightstream you have a different perspective of the stock and what these two tell you.

I sold my position at the beginning of the year as oil moved to @$50 into CPG and then @$60 heavy oil like MEG, GXE , JOY , ATH & CJ. I always revisit and rebalance based on my modeling each name as oil gyrates up or down and according to valuation.

The lost opportunity here in 2021 (not 2020 stock was great) was waiting for results based on a static gas price during a tight oil market with wti rising made little sense regardless.

In the Coastal/CEN days which I was a big part of I could see TXP going to $10 with the right mgt team and a bit of fortune on the drillbit. Currently the stock is capped with this result (time being)and may be a good entry point soon to play next spud. Problem is can anybody be happy with a stock where the price bled down before the release? The track record of Baay/Wright doesn't give you a sense of confidence with these kinds of releases. I believe we will see $70 oil soon and there is a huge lost opportunity waiting for TXP YTD as Canadian oil names have double, tripled and more... If oil pushes higher there is a great deal more upside in the above names based on $60-$70 oil.

I get it though, I miss the CEN days and playing the BBN Spud. Internationals are a different game and are fun but beware of the lost opportunity. Play TXP wisely trade around, get up and get down and Jump around.

[Goaweigh]

Why do I doubt we ever would have heard from you had Chinook delivered.  I doubt the value of an oil discovery is lost on these guys so Kraken and the western legacy play might be pushed to the front burner. Too bad Paul didn't mention drilling plans after Royston but we'll find out soon enough.

[AliNaimi]

'Why do I doubt we ever would have heard from you had Chinook delivered.' Probably not, but then I probably would have held TXP had oil stayed @40-45 from December. Instead Canadian OG became to compelling an opportunity to miss @$50+ oil. I probably would not have posted had I not seen huge selloff and thought close escape but lets revisit this stock @$1.70. Probably wouldnt have

[Wildcattter]

This post has been removed in accordance with Community Policy

[Goaweigh]

First time I've ever agreed with you, but you're still an idiot.

[AliNaimi]

United in grief with Childshatter, stock investing makes for strange bedfellows. He may or may not be an idiot , to me just another investor who makes school boy errors.

[Goaweigh]

No grief here, discovery plays aren't for the timid and they never go straight up, always 3 steps forward 1 step back but timing that 1 step back isn't easy and trying too is fraught with it's own risks.  Nothing worse than being right about the long term prospects of a Co. but missing out on most of the upside because you think you can time the news or cherry pick which events

[Wildcattter]

This post has been removed in accordance with Community Policy

[AliNaimi]

Each to there own Wildshatter.