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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 Dec 21, 2021 10:27pm
177 Views
Post# 34253089

RE:RE:Buying today

RE:RE:Buying today
You did not tell me which of the list of  items I have mentioned is not possible. But too late now.

Pick a new screen name for tomorrow because your screen name number 4 has now gone on ignore. (44/4 is not bad).

It is very early in this story. I am happy to have a seat to watch it unfold.  You are not.  So why hang around?  Why change screen names 4 times?  

If the story changes I will not continue to hold shares here. Or if the story changes abruptly, then I could lose my whole investment.  That is the risk of microcap high risk/high reward  companies, especially in energy  E/P area but also in other areas. (and also in other special situation/turn around investments) The beauty is that the ones that do work can go up 5 -10 fold or more.  So if 2 of 5 do that, it is very rewarding and wealth building, even if 3 go bankrupt.
Do the math - if you put 10,000 in 5 companies and two go to 100,000 each, it is not totally distressing if three crumble. Several picks from my March 2020 buying spree did that. (OVV at $2.25 on March 9, 2020 was best one)  But that was easy pickings then. It was hard to really pick anything with excessive risk - as many if not most companies were massively oversold.

  I never have more than 5 of these picks, never more than 5% of portfolio. If something does prove itself and go up smartly, then it has to migrate to a permanent place in my portfolio (never more than 20 stocks), or be sold to harvest profits.  And I have to like it better than what have.  OVV earned a spot as a large cap value pick.

Anyway, TXP story still intact. Lots of twists and turns, but still intact.


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