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Touchstone Exploration Inc T.TXP

Alternate Symbol(s):  PBEGF

Touchstone Exploration Inc. is a Canada-based company, which is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. 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. It is focused on onshore oil and natural gas properties located in southern Trinidad. With interests in approximately 145,000 net working interest acres of core exploration and development rights. Its core focus is on exploration and development on the Ortoire block and development production on its five onshore lease operatorship properties (CO-1, WD-4, WD-8, Fyzabad, and Balata East).


TSX:TXP - Post by User

Bullboard Posts
Post by TheRock07on Jun 12, 2016 6:33am
176 Views
Post# 24957934

The return of $100 oil

The return of $100 oil

Speculators are increasingly betting on a return to $100 per barrel oil,

“'The market faces a supply crunch in the next 24 months,' said Francisco Blanch, head of commodities research at Bank of America Merrill Lynch in New York. 'Some hedge funds are betting that oil prices will need to rise sharply to bring demand down again -- that’s why they are buying deep out-of-the-money call options.'

"Over the last month, investors have bought call options -- giving the right to buy at a predetermined price and time -- for late 2018, 2019 and 2020 at strike prices of $80, $100 and $110 a barrel, according to data from the New York Mercantile Exchange and the U.S. Depository Trust & Clearing Corp.”

“How Far Can Oil Rally? Options Investors Bet on Surge Above $100” – Bloomberg
“Oil demand boosted as global refinery capacity to reach record”- Reuters

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Bullboard Posts