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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

Comment by Margin321on Aug 04, 2021 2:08am
125 Views
Post# 33646991

RE:RE:RE:RE:RE:RE:RE:Incredulous..

RE:RE:RE:RE:RE:RE:RE:Incredulous..OVV is still cheap here. I have owned it for a long time. I owned it as PanCanadian Energy and then Encana and now OVV.  I made a lot of money long ago and then again as it ramped from 2003 to 2008 and I  took some profits then. I lost real money on what I kept as it tanked from 2008 to 2012 and then was stagnant for  8 more years. I lived through a 1:5 reverse split. At that point it just felt way too late to sell it.   But most of March 2020  the post split shares were trading at $2.25 to $2.50.  Way too cheap unless they were going  BK, which they were not.  I bought quite a few shares then, took some profits a few months ago, but still own a lot. As you say life is an amusement park. And stocks are the roller coaster, certainly OVV at least.  I think could be worth $40 in 2-3 years.

Even though they have a big Permian operation in Texas the HQ is in Denver. I like getting the dividends without paying foreign tax.
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