TriOil Resources Ltd TRIAF

New Mid Term High

[larsen6]

What a great day last couple of days for those that loaded up at even $2.60!

 

It is hard to tell what is going on here. Why?

 

Well, we have WTI down into the $85 range now.  So the netbacks are certainly being squeezed.

 

Yet, I see good oily operators either holding strong, or continuing to power higher.  Names like Suncor, and most of the the junior oily E&Ps in particular.   It must mean that the market are anticipating this as a temporary lull in both the price of crude and the rhetoric out of Iran.  The other reason might be that most of these companies will be reporting in the next two weeks, thus creating some positive news in the market.  These are my best guesses.  Thoughts anyone?

 

So now Suncor, now Novus, now Deethree and now RMP, on Manitok, on Spartan, on Trioil and on MMT.

To the top of the porch, to the top of the wall.   Run away run away, and good luck to all.

 

L6

[ABOil]

Lots of rumours ciculating in Calgary as Equal Energy sale of Lochend is near, and speculation of a PBN takeover of TOL (partner in wells)

[cookster9]

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[WeKnowEnergy]

They were upgraded to a $4.00 price target over at TD Securities, but the one thing that stands out is the large buyers are buying crosses above $3.00 which means they are willing to pay up for shares.  GLTA

[brandonn]

PBN (spud oct 14 and 31) and Pengrowth (spud oct 26) wells right next door to TOL. These targets have been long awaited. Closely watching here.

[shambano1]

I don't mind getting taken over but it has to be for a good price.  I'm not going to give my shares away to the first opportunistic offer, and I don't want to even see a 3 handle on any offer. I would prefer to see how TOL's 2 oily plays work out over the enxt few years but with a large land base and some impressive produciton numbers, I don't think an aquirer will want to

[cookster9]

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[MiningMonster]

The street is calling for $1.00 cash flow per share next year?? I'm assuming this is incorrect because they should be trading around $5.00 if thats the case

[WeKnowEnergy]

  No the estimate of $1.00 cash flow is correct for 2013.  I love the confidence of their latest release. They are in a great position having grabbed a ton of prospective land, I think PBN will want to buy them out.  However forgetting the takeout potential they can grow cash flow at a rapid pace organically with very good management.    From their latest release: