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Touchstone Exploration ( TXP )

Proselenes
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Re: Touchstone Exploration ( TXP )

#320926

Postby Proselenes » June 24th, 2020, 1:28 am

Josef Schachter commented on TXP this evening, video in the link below.

He is looking at 35 cents annualised cashflow end of 2021 and a 1.5 CAD target based on Coho/Cascadura-1.

Obviously any success at Chinook-1 or Cascadura Deep will raise that annualised cashflow and price target. Same goes for Royston when thats drilled in H1 2021.

All the upsides to that 1.5 CAD target are there, he is telling you now this is worth 1.5 CAD based on what they have already discovered (Just Coho-1 and Cascadura-1), thats why there is confidence in buying TXP now, its still about 35% discount to what it should be trading at based on whats been discovered so far (with Chinook-1, Cascadura Deep and Royston-1 all currently not in the price).


https://www.bnnbloomberg.ca/market-call ... ks~1982864


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Proselenes
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Re: Touchstone Exploration ( TXP )

#322685

Postby Proselenes » June 30th, 2020, 4:00 am

https://www.hl.co.uk/shares/share-resea ... r-round-up

Touchstone Exploration: Canaccord initiates at speculative buy with a target price of 72.0p

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Re: Touchstone Exploration ( TXP )

#322858

Postby 88V8 » June 30th, 2020, 11:02 pm

My wife complains that I talk to myself...... ;)

V8

Proselenes
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Re: Touchstone Exploration ( TXP )

#323425

Postby Proselenes » July 3rd, 2020, 2:08 am

Bruce Campbell - President & Portfolio Manager at Stone Castle Investment Management Inc has TXP as his second top pick today.

First time he has commented on Touchstone.

https://www.bnnbloomberg.ca/video/bruce ... ks~1987843


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Proselenes
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Re: Touchstone Exploration ( TXP )

#324487

Postby Proselenes » July 8th, 2020, 5:52 am

60p mid price close there in Canada.

Was expecting this week to be a buying week, as everyone knows from mid-July (so potentially next week) there will be the reserves news.

Expectations on Casca for that reserves report, have to be looking at around 200 to 250 BCF for now - with lots of upside scope as its currently "unbounded" so will only get bigger and bigger with more drilling and more geo work.


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