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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 FredAdairon Feb 22, 2022 8:32pm
156 Views
Post# 34452294

RE:RE:RE:I get the impression many are trapped in the stock?

RE:RE:RE:I get the impression many are trapped in the stock?a) Unloved for a year
b) Price flatlining and evidence of algo suppression - mostly London with active hedge in Toronto
c) Institutional support at a (marginally) higher level
d) Fulfilled phase 1 exploration commitments during a pandemic - so probably not total scammers
e) Dreadful expectation management re commercialisation - during a pandemic - on a carribean island - so not doing a good job of attracting additional speculative investment and stale bulls drifting away
f) Finances poor but (c)
g) Lots of near term catalysts
h) a simple DCF says a bargain IF assets found can be commercialised
i) lots of random posters postulating random price targets at lower levels

Don't take the last point personally - you may be correct!

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