Lurk and Learns:
RE: Shorts and the connection (if any) to the recent March 31st Chinook related "pull back".
We will never be certain as to what is the over riding factor to a PPS performance, However, always helps to have a "check list" to search under, for "culprits".
Today, we have an ADVFN poster giving an excellent summary of how the "market" is controlled by the greedy element, who in the TXP case may have no idea where Trinidad is located much less a company called Touchstone and their "world class" exploration success and development plans with heritage and NGC for O & G in T & T.
While the possibility of an "own goal" (or at the very least a Lanny M assist) cannot be totally discounted, a Covid house bound public "armed with technology" and a hapless(?) regulator is ill equipped to "catch all the perputrators". Note this is an industry wide phenemenon...this is not a "takedown" of TXP, although a show of support by an insider using Options to sell 300k last year may not have helped matters.
Meaning you inputs vis a vis the calculation of your own risk tolerance "odds" are NOT in your favour. Meaning, as others have posted, the transition to "production" (Coho gas) will be critical to the TXP PPS turning around. Followed closely by Cascadura Complex "trusted and verified" announcements; using a new mantra e.g., "underpromise and over deliver", might as well be adopted.
Shorts at reported (as early as) three(3) business days after the month's end
| T : TXP | 2021-03-15 | 723,589 | -9,490 | 209,399,627 | 0.35 |
| T : TXP | 2021-02-28 | 733,079 | 47,798 | 209,399,627 | 0.35 |
| T : TXP | 2021-02-15 | 685,281 | -67,053 | 209,399,627 | 0.33 |
| T : TXP | 2021-01-31 | 752,334 | 43,754 | 209,399,627 | 0.36 |
| T : TXP | 2021-01-15 | 708,580 | -15,772 | 209,399,627 | 0.34 |
GLTAL- GLAP +Caveat Emptor
Cheers
Stanley