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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

Post by Davidblackgreenon Mar 13, 2021 7:36am
293 Views
Post# 32792132

Valuation currently?

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.

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