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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (47423)	3/28/2019 8:02:05 PM
From: Goose94	Read Replies (2) of 202371

Touchstone Exploration (TXP-T) top pick from Josef Schachter on BNN.ca Market Call Thirst-day March 28th @ 1200ET Touchstone is active in Trinidad. Through recompletions and drilling the company has raised production recently to 2,358 barrels per day, up from 1,758 in the third quarter of 2018. Year-end 2018 results are not yet out. The exciting upside for Touchstone that attracts us and why we’re recommending this stock for the first time is their three-well high-impact exploration drilling program starting in June. The targets are both natural gas and oil and are deeper than their previous drilling. The cost of the wells is US$2.5 million each and they have on the balance sheet US$11 million for the program. Our one-year target is 50 cents and $2 into the peak of the new energy bull market into 2023. Over time, we expect to see the company to enter other countries in the area. This is a small-cap stock with a market cap of over $30 million.

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