Touchstone Exploration Inc T.TXP

Who is Buying on the Dips?

[stanley]

Lurk & Learns + Cherca1:

Looking at the two(2) day "net" purchasers:

House Positions for C:TXP from 20210331 to 20210401

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
73 Cormark	2,033,900	3,377,735	1.661	33,900	57,969	1.71	2,000,000	-3,319,766
1 Anonymous	2,234,089	3,637,507	1.628	2,033,577	3,342,478	1.644	200,512	-295,029
80 National Bank	174,960	286,757	1.639	80,216	131,733	1.642	94,744	-155,024
79 CIBC	822,845	1,348,042	1.638	760,754	1,239,928	1.63	62,091	-108,114
53 Morgan Stanley	83,556	134,670	1.612	42,586	68,591	1.611	40,970	-66,079
33 Canaccord	295,600	478,303	1.618	270,464	448,610	1.659	25,136	-29,693
124 Questrade	32,882	54,394	1.654	14,113	23,636	1.675	18,769	-30,758
19 Desjardins	57,074	96,211	1.686	40,476	65,615	1.621	16,598	-30,596
9 BMO Nesbitt	123,000	202,024	1.642	110,447	180,338	1.633	12,553	-21,686
74 GMP	9,200	14,720	1.60	0			9,200	-14,720
57 Interactive	13,514	21,328	1.578	7,300	11,633	1.594	6,214	-9,695
89 Raymond James	5,000	8,300	1.66	150	256	1.707	4,850	-8,044
48 Laurentian	1,620	2,575	1.59	0			1,620	-2,575
28 BBS	1,500	2,565	1.71	0			1,500	-2,565
56 Edward Jones	1,000	1,740	1.74	0			1,000	-1,740
5 Penson	212	338	1.594	103	166	1.612	109	-172
36 Latimer	90	141	1.567	373	602	1.614	-283	461
72 Credit Suisse	200	324	1.62	700	1,148	1.64	-500	824
212 Virtu	712	1,170	1.643	2,155	3,575	1.659	-1,443	2,405
88 Credential	3,460	5,770	1.668	9,800	16,159	1.649	-6,340	10,389
59 PI	0			8,600	13,330	1.55	-8,600	13,330
22 Fidelity	0			12,000	19,307	1.609	-12,000	19,307
84 Ind Trading	6,593	10,726	1.627	18,702	30,187	1.614	-12,109	19,461
65 Goldman	0			15,100	25,509	1.689	-15,100	25,509
143 Pershing	35,500	59,362	1.672	81,000	131,010	1.617	-45,500	71,648
39 Merrill Lynch	61,265	97,562	1.592	111,121	179,220	1.613	-49,856	81,658
62 Haywood	0			56,000	92,553	1.653	-56,000	92,553
83 Mackie	0			58,100	91,744	1.579	-58,100	91,744
2 RBC	354,233	575,842	1.626	416,849	694,149	1.665	-62,616	118,307
13 Instinet	406,351	666,717	1.641	565,972	934,497	1.651	-159,621	267,780
14 ITG	91,600	152,754	1.668	262,000	433,450	1.654	-170,400	280,696
82 Stifel Nicholas	0			196,800	309,359	1.572	-196,800	309,359
85 Scotia	242,967	395,997	1.63	661,897	1,058,560	1.599	-418,930	662,563
7 TD Sec	836,215	1,366,788	1.634	2,057,883	3,395,050	1.65	-1,221,668	2,028,262
TOTAL	7,929,138	13,000,362	1.64	7,929,138	13,000,362	1.64	0	0

[becker123456789]

Wow look at all the money they are down. Try catching a falling knife and your going to get cut. I have been on the selling side for 2 months . Lurk and Learn  If there are months of delays 92% of the time the news will not be good.

[Chreca1]

Are you still selling at these prices Becker ? I have also sold (some not all of my position) previously but started yesterday (Thursday) buying back at almost half the price ! Someone need to start trying to catch that knife at somepoint and I'm willing at these prices for sure. There's already great value proven in Coho and Casca and  with Royston and all the other future prospects

[Chreca1]

And to add, I've waited over two years (the time I've been following TXP) for the Royston drill to finally start and it will most likely next month, so I'm definitely want a meaningful position during and hopefully after this by far largest drill to date in the history of TXP. Maybe the people now selling out completely had waited all this time for the Chinook well instead ! LOL

[becker123456789]

This is not just a dip we are down almost 50% from peak. This is called total price collapse. Personally I would wait until price turns around or at least stops falling before I would buy any more  of any company during a continueous drop , not a dip. To view this as a non event or even funnier a positive event is off base. As for selling now it's a speculative buy after that  8% it

[Goaweigh]

You can pretty much count on a 25 % to 30 % pull back from a peak on any lengthy period after the event that caused the peak. People take profits while others can't wait for anything. A further decline due to a disappointing drill result is perfectly normal, it's hardly a total price collapse.  If this were the Royal Bank then maybe it would be a total price collapse but it isn't,

[Chreca1]

Who do you refer to is viewing this (the latest NR?) as a non event or a positive event ?

[stanley]

Lurk & Learns + Proselenes + Chreca1: So we have "evidence" (versus proof) that Cormark took the opportunity of the March 31st announcement to "buy 2mln @ $1.67. An nice round number. 2,000,000 shares. Now earlier in the week Eric N on BNN was recorded "praying for a pull back" as PB was adamant that discounted shares (aka financing) was not in the cards. Lets

[becker123456789]

We all seem to agree Txp will recover it seems the question is when. I doubt any of us is buying 2 million shares and it was probably a good entry price for that many shares. 

[Chreca1]

Maybe someone may find these numbers out of this 2001 well to be of some interest ? Corosan-1 ( the off-setting well to Coho-1) Six DST’s were performed. Test1–7093-7103–flowed 98.2 bbls water with gas Test2–5965-5975–flowed 40 bbls water with gas(15-20000ppm) Test3–5760-5768–flowed 4.4 mmcf on 20/64” at 2853psi with 385bbls water per day(15000ppm) Test4–5500-5516–flowed 3.7 mmscf on 20/64” at

[Chreca1]

Here's an older presentation with some additional data on the old twin-well Royston will target (page 24) and the other prospects not seen in more recent presentations. https://www.touchstoneexploration.com/wp-content/uploads/2017/06/TXP-Corporate-Presentation-Oct-2018.pdf

[stanley]

Chreca1: Great presentation. As per pg 20 of the presentation Carosan-1 indicates depth in feet versus the "m" that you indicated. A metric mix up? RE: --------------------------------------------------------- "Casca-1 & Deep down to 6218m good productive sands (in Casca-1 ,Casca Deep yet to be tested),  water below at 7086m Corosan-1 down

[Chreca1]

Yes Stanley a mixup I just coopied it from an old X Moonan paper and didn't notice the error there as it's obviously feet not meters, thanks for pointing out.

[Chreca1]

Sorry wrong again I did the mixup NOT X Moonan I'll better stop posting for today ! :) Way too much Rum & Coca Cola for tonight :)

[Chreca1]

Since Wednesday I have unfortunately gone from a Rum & Coca Cola diet strictly restricted for weekends to now being a daily diet and stopped listening to The Andrew Sisters and Lord Invader to this good old tune instead :)

[Davidblackgreen]

Cornack have two offices Toronto, who doesn't?  and the more interesting one who probably have a better idea of what's happening?   Calgary Eighth Ave Place 525-8th Ave S.W. Suite 4800 Calgary, Alberta Canada T2P 1G1   Telephone: [phone] Fax [phone] Toll Free [phone]