RE:RE:RE:RE:Touchstone's Gas to NGC vis a vis The "Dragon Deal"Lurk & Learns & Matt2018:
RE:"GLTAL GLAP CAVEAT EMPTOR"
GLTAL = Good Luck to All Longs
GLAP = Go Long and Prosper
Caveat Emptor= Buyer Beware
Matt2018:
I acknowledge your questions; however, for over the years that I have followed TXP, I have closed my postings with the above caveats. Meaning, investing anywhere in the world does have it own set of pitfalls.
Lurk & Learns:
So in a typical portfolio (triangle) design, we start with a "secure base" and work our way up the risk continum to the peak where the top 5% is high risk investments. e.g. scratch and win tickets and possibly Touchstone.......... a close second. Or further down towards/into the 90 - 95%.
A derisked TXP is expected to move out of the (5%) "lottery" class sometime in the coming months or years but only the promised FYP on ~Dec 17th would give any signal. See also the "evolution" of their Brazilian stablemate (a post rollback) if looking for a possible template. i.e. two(2) year transition to dividends. Or reinvestment in drilling to the benefit of PPS escalation. Or both??
Buyer Beware means you follow the achronym SUPA (See Understand Plan Act). And while tax loss selling might be seen a huge negative to some; others who understand this phenemenon (see also a full dissertation by David Black on Discord) might counterintuitively see it as an opportunity, and design their portfolio balance and trading strategy accordingly.
With regards to the "fire the coach" insinuation. I have always wondered why this pronouncement has never been followed by, "and replace him/her by/with ....." "experts WITH Trini O & G experience". Hence the "tuck-in" TOO being (ALLEGED) trading by Brokers 1 & 14 positioning.
Meaning after over ~13 years of TXP first setting foot in Trinidad things have changed drastically and not all is for the better. With significant (third world) headwinds on many fronts being encountered while "trying to run a railroad" to the chagrin of a 1st world "peanut gallery".
As Trinis would say, "you think it easy!" Let me assure you that it is NOT. It is ONLY my opinion that most of the criticism is misplaced; I would suggest an introspective to all shareholders, who failed to thae the SUPA steps b4 Speculating (E vs P) in TXP.
Sometimes we all "take a flyer" without fully understanding the intrinsic opportunity and more importantly, the pitfalls. e.g. A LaBrea tourist attraction after 11am or a walkabout unescorted in Laventille.
PB has (in my opinion) managed to stay committed to HIS goal of transitioning to a (cleaner carbon) gas producer despite the (incoming) "hostilities". To those detractors, I recommend a "walk in his slapparts" after a Debe flood (expecting to buy some doubles). i.e. talk is cheap on a faceless board; solutions in a "Trini to the Bone" mantra is the only acceptable way/path foward.
I the individual Lurk & Learns to take responsibility for their own BUYING/SELLING decision(s). e.g. "mental vs physical" stop loss, and MOST IMPORTANTLY when sell and move on to "better opportunity" elsewhere.
BWDIK? In a Caveat Emptor investment environment, where does the "buck" really/ultimately stop? Is it the CEO doing his best in a difficult environment or the shareowner?
GLTAL GLAP Caveat Emptor
Cheers
Stanley