Touchstone Exploration Inc T.TXP

Alternate Symbol(s): PBEGF

Energy Oil & Gas E&P

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

Touchstone Exploration Inc > Today's Topic/Theme on ADVFN is Margin and Margin Calls.

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Comment by Bully1985on Feb 23, 2021 12:56pm

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Post# 32637682

RE:RE:RE:Today's Topic/Theme on ADVFN is Margin and Margin Calls.

I spoke to my IG broker who advised they were made aware late Thursday and positions were suspended so there are no short positions with IG. As they are the only firm offering spreadbets on TXP (as far as I'm aware) I'm not sure where else they could short from? They'd have to be an institutional investor with friends at a prime broker

there is an upside to all this. Will be harder for traders to obtained leveraged positions for a quick 10% profit. Should hopefully mean we don't see huge profit taking after good results

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