Simon Thompson 

Exploit Trinity’s undervaluation

Simon Thompson

Simon Thompson

The 44 per cent plunge in the oil price in the fourth quarter last year savaged the share prices of oil companies and Trinity Exploration & Production (TRIN:11p), an independent oil and gas exploration and production company focused solely on Trinidad and Tobago, was no exception. However, although the West Texas Intermediate (WTI) crude oil price has rebounded by more than 30 per cent from its Boxing Day lows, Trinity's share price is once again trading back at those December lows.

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