Touchstone Exploration Inc.

TXP-T

Analysis and Opinions about TXP-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
July 2, 2020
Operates in Trinidad. It is a highly prolific energy producing region with an 80% success rate. TXP-X have four wells they are drilling and had two successful natural gas discoveries and will be drilling the other two later this year. (Analysts’ price target is $1.27)
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Operates in Trinidad. It is a highly prolific energy producing region with an 80% success rate. TXP-X have four wells they are drilling and had two successful natural gas discoveries and will be drilling the other two later this year. (Analysts’ price target is $1.27)
TOP PICK
TOP PICK
June 23, 2020
Operating in Trinidad in oil, but are now drilling for natural gas. They found two successes, one of which they will bring into production in Q3. When that happens, the stock could hit $1.50. This is a good, rare story on the exploration front. He will buy more shares on weakness. More exploration drilling will happen later in 2020 into 2021. (Analysts’ price target is $1.30)
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Operating in Trinidad in oil, but are now drilling for natural gas. They found two successes, one of which they will bring into production in Q3. When that happens, the stock could hit $1.50. This is a good, rare story on the exploration front. He will buy more shares on weakness. More exploration drilling will happen later in 2020 into 2021. (Analysts’ price target is $1.30)
BUY WEAKNESS
BUY WEAKNESS
May 20, 2020
They just released that they will be bringing on two new discoveries -- the first sometime in the second-half of the year. They are in Trinidad and hoping to add natural gas. This will double their production. Currently they are only a crude oil producer. The natural gas market there is paying up to $2.90 US -- a very good price. He has a $0.80 target. He would buy on any pullback. He owns this one.
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They just released that they will be bringing on two new discoveries -- the first sometime in the second-half of the year. They are in Trinidad and hoping to add natural gas. This will double their production. Currently they are only a crude oil producer. The natural gas market there is paying up to $2.90 US -- a very good price. He has a $0.80 target. He would buy on any pullback. He owns this one.
PAST TOP PICK
PAST TOP PICK
March 24, 2020
(A Top Pick Mar 28/19, Up 100%) They work in Trinidad, drilling for oil onshore. They have long-term potential with a plan to drill three wells in 2019-2020. The first was successful with a well likely to produce in July. A second discovery could come on in early-2021 and add more production. These drills have rallied the stock. He has an 80-cent target, so there's lots of upside. Even in tough times with low prices, successful drilling for oil will pay off.
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(A Top Pick Mar 28/19, Up 100%) They work in Trinidad, drilling for oil onshore. They have long-term potential with a plan to drill three wells in 2019-2020. The first was successful with a well likely to produce in July. A second discovery could come on in early-2021 and add more production. These drills have rallied the stock. He has an 80-cent target, so there's lots of upside. Even in tough times with low prices, successful drilling for oil will pay off.
WAIT
WAIT
January 24, 2020
They produce medium crude in Trinidad. They have drilled 2 exploratory wells recently -- one produced natural gas and receives about $2.95 per mcf. The second well had a very high pressure rating, which caused the stock price to spike -- doubling in two months. He wants to wait to see results from the second well. There are still two more wells to be drilled. His target share price is $0.80.
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They produce medium crude in Trinidad. They have drilled 2 exploratory wells recently -- one produced natural gas and receives about $2.95 per mcf. The second well had a very high pressure rating, which caused the stock price to spike -- doubling in two months. He wants to wait to see results from the second well. There are still two more wells to be drilled. His target share price is $0.80.
TOP PICK
TOP PICK
September 16, 2019
It is an exploration story. They are about to start an oil target. He has a $0.50 target. The exploration stories will end up doing much better than the others. (Analysts’ price target is $0.50)
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It is an exploration story. They are about to start an oil target. He has a $0.50 target. The exploration stories will end up doing much better than the others. (Analysts’ price target is $0.50)
BUY
BUY
August 26, 2019
He has always wanted to have exploration stories in his portfolio. This company was just doing re-activations in Trinidad, but they raised money to go after deeper targets there. They now have three new wells underway. He likes this stock.
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He has always wanted to have exploration stories in his portfolio. This company was just doing re-activations in Trinidad, but they raised money to go after deeper targets there. They now have three new wells underway. He likes this stock.
TOP PICK
TOP PICK
July 25, 2019
His exploration story. Doing reactivations in Trinidad. Now going for higher, deeper targets. They have the cash on the balance sheet to do it. He has a 50 cent price target. No dividend. (Analysts’ price target is $0.45)
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His exploration story. Doing reactivations in Trinidad. Now going for higher, deeper targets. They have the cash on the balance sheet to do it. He has a 50 cent price target. No dividend. (Analysts’ price target is $0.45)
TOP PICK
TOP PICK
March 28, 2019
It is in Trinidad. They are drilling deeper wells for the first time and are 100% oil, presently. Their first target from here is a gas well. If they are successful the development drillings will be massive. His target is $0.50 and $2 in the cycle. This is his small cap recommendation today. (Analysts’ price target is $0.47)
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It is in Trinidad. They are drilling deeper wells for the first time and are 100% oil, presently. Their first target from here is a gas well. If they are successful the development drillings will be massive. His target is $0.50 and $2 in the cycle. This is his small cap recommendation today. (Analysts’ price target is $0.47)
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Touchstone Exploration Inc.(TXP-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Touchstone Exploration Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Touchstone Exploration Inc.(TXP-T) Frequently Asked Questions

What is Touchstone Exploration Inc. stock symbol?

Touchstone Exploration Inc. is a Canadian stock, trading under the symbol TXP-T on the Toronto Stock Exchange (TXP-CT). It is usually referred to as TSX:TXP or TXP-T

Is Touchstone Exploration Inc. a buy or a sell?

In the last year, 2 stock analysts published opinions about TXP-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Touchstone Exploration Inc..

Is Touchstone Exploration Inc. a good investment or a top pick?

Touchstone Exploration Inc. was recommended as a Top Pick by Bruce Campbell (2) on 2020-07-02. Read the latest stock experts ratings for Touchstone Exploration Inc..

Why is Touchstone Exploration Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Touchstone Exploration Inc. worth watching?

2 stock analysts on Stockchase covered Touchstone Exploration Inc. In the last year. It is a trending stock that is worth watching.

What is Touchstone Exploration Inc. stock price?

On 2020-12-01, Touchstone Exploration Inc. (TXP-T) stock closed at a price of $1.99.