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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (87040)	6/23/2020 2:12:40 PM
From: Goose94	Read Replies (1) of 202136

Touchstone Exploration (TXP-T) revisited 3.0 top pick from Josef Schachter on BNN.ca Market Call Tuesday June 23rd @ 1200ET Touchstone is active in Trinidad and produces over 1,300 b/d of oil. The exciting upside and why we own the stock is their high impact natural gas exploration drilling program in the country. They have drilled two successful liquids-rich natural gas exploration wells. The first success COHO-1 will be onstream by early Q4/20 and will take their volumes over 2,800 boe/d. Their second and much bigger success at Cascadura-1 may be on in 2021 after they drill a few appraisal wells to meet the productive potential. Volumes at the end of 2021 could be north of 20,000 boe/d. Touchstone could be generating annualized C$0.35 cents of cash flow per share by late 2021. Once this production is on, we see the stock trading over $1.50 per share. Additionally, Touchstone still has other exploration targets (Chinook and Royston). They have a healthy balance sheet to meet their capex goals. We have an SER Quality Score Rating of “B” on Touchstone. Buy on weakness.

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