Share Name Share Symbol Market Type Share ISIN Share Description
Canadian Overseas Petroleum LSE:COPL London Ordinary Share CA13643D1078 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.575p 0.55p 0.60p 0.575p 0.575p 0.575p 14,249,363 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -6.5 -1.0 - 3.87

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Date Time Title Posts
26/5/201707:36◄ CANADIAN OVERSEAS PETROLEUM ►2,549

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Canadian Overseas Petroleum (COPL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-05-26 15:06:220.55147,882813.35O
2017-05-26 15:05:440.55365,0002,007.50O
2017-05-26 14:09:580.553,60919.85O
2017-05-26 13:31:150.551,000,0005,500.00O
2017-05-26 13:28:130.5455,020294.36O
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Canadian Overseas Petroleum (COPL) Top Chat Posts

DateSubject
26/5/2017
09:20
Canadian Overseas Petroleum Daily Update: Canadian Overseas Petroleum is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker COPL. The last closing price for Canadian Overseas Petroleum was 0.58p.
Canadian Overseas Petroleum has a 4 week average price of 0.53p and a 12 week average price of 0.53p.
The 1 year high share price is 11.88p while the 1 year low share price is currently 0.53p.
There are currently 672,190,038 shares in issue and the average daily traded volume is 33,426,808 shares. The market capitalisation of Canadian Overseas Petroleum is £3,865,092.72.
24/5/2017
11:50
ultra capital: With little cash I see fair value here at £2.5m which would be 0.4p share price. It is getting there quickly now.
17/1/2017
09:14
cinques: There's a quirkiness about this share and that's not meant as a bad thing. I have a feeling that some news could be released fairly soon that would have the share price well above 3.5p in a flash. That's why I'm not selling any today.
23/12/2016
08:49
deanroberthunt: Positive to the share price in the near term would be for XOM and COPL to agree to drill a second well.....walking away would, obviously be negative.... OPL-226 is further off and needs a sea bed evaluation and funding....the CEO said since this is an already pre-drilled prospect with well supportive data, they may be able to do it without diluting equity....which shareholders would welcome....
22/12/2016
11:52
lukic: Lifted this off the VoxMarkets website, posted by Justin Wait "Here are the questions I ask Arthur Millholland on today’s podcast which will be published before midday, here: Why do you think seismic was so wrong? Will you be drilling a second hole with Exxonmobil. What happens with the balance of Exxon’s $120M commitment? How long will it take approximately for Exxonmobil to make a decision on whether to proceed with the second drill? Will data from this drill be used to calibrate for a 2nd drill? Will the directors use the very low share price as an opportunity to purchase shares? Does COPL have funds in place to drill its well in Nigeria block OPL 226?"
20/12/2016
10:54
mr genel energy: BRILLIANT post.10 out of 10. It never ceases to amaze me just how much some are prepared to risk on very high risk AIM companies where the odds are against them, and this is a sure-fire way to quickly see all of your money go up in smoke! This is especially applicable to oil exploration, where the outcome of a single drill is likely to have a huge effect on the share price of these small companies, but where private investors tend to focus solely on how much money they will make based on the supposedly huge, but as yet undiscovered, resources that are being targeted. When people on the bulletin boards start discussing which model of Ferrari they are going to buy with their profits, it is usually time to run for the hills! In recent years we have seen a number of these high profile drills come and go with huge amounts of hype, which in most case ends in disappointment for those invested – the latest in a long line of failures being the Mesurado-1 well in Liberia, in which AIM minnow Canadian Overseas Petroleum (COPL) owned 17%, with ExxonMobil being the operator and owning the remaining 83%. For ExxonMobil this was just another drill and when it reached total depth and no hydrocarbons were indicated during logging, with the well being plugged and abandoned, it was no big deal, but it had a dramatic effect on Canadian Overseas, with the share price dropping over 80%. Just a few weeks back, I wrote a piece suggesting that it might be a good idea for people to bank the 200% odd profit that they would be sat on if they had also followed my buy suggestion earlier in the year. My sell suggestion – or at the very least to just leave some freebies running – was met with howls of derision by the usual bulletin board posters, with the usual accusations that I just wanted a cheaper entry. This was far from true as there is no way I’d risk my money these days on something where the odds were far from in my favour, with the drill having had just a 70% chance of finding hydrocarbons, and less than a 20% chance of anything found being commercial (or more than an 80% chance of it not being commercial). With these types of odds you might get lucky every now and again and have a big win, but if you keep on playing them then you are bound to end up losing, and you are totally ignoring the risk to your capital and doing nothing to try and protect it. Many of the more sensible investors who got in early will of course have banked a nice profit – with those who took part in the last placing having free warrants that they could exercise in the event of oil being found in any amount – and that was always going to be the sensible play from a risk management perspective. I have seen some on the bulletin boards suggesting that the company is now a good buy at this level, but I certainly wouldn’t be rushing to buy into it, even though its market cap has now dropped back below £10 million. It currently remains unclear as to whether there will be another drill on this licence – that should become clearer once all of the data has been analysed – and if there is, then Canadian will still be carried for up to a total of $120 million, more than enough for a second exploration well, should there be one. Aside from that though, things don’t look great financially for the company and I would expect to see further funds being raised very soon – I am a little surprised that the company didn’t try and raise more money when the drill was underway and share price was much higher, in a similar way to 88 Energy last year. At the end of September the company only had $3.7 million left in the bank – plus it will no longer get any funds from the warrants attached to the last placing as the strike price was $0.095 (close to 8p). The level of cash burn has been high for the company, even taking into account the listing on AIM, and of the $8.25 million gross raised at the end of April, $4.55 million of that had gone just five months later. It doesn’t help that it typically has been burning through $1.36 million per quarter! It does of course still have the 50:50 joint venture with Shoreline on the OPL226 licence in Nigeria, which does already have some contingent resources booked, but it will definitely need funding to be able to carry out any sort of work there. So even if you are still interested in this one, I would certainly suggest waiting until after the next placing has happened and the future plan for the Liberia licence becomes clearer. If you were one of those who got badly stung when the news dropped, then put it down to experience, but make sure that you actually learn something from it and do more to protect your capital in the future! Filed under: canadian overseas cash exploration exxonmobil fundraising liberia mesurado-1 nigeria oil opl226 risk share price shares shoreline warrants Never miss a story.
20/12/2016
08:11
zengas: mr ge Saying "investing in Nigeria is a scam avoid at all costs" while telling people explicitly to buy Genel Energy ?. Your obsession with Copl is ridiculous and shows a complete lack of objectivity with over 120 posts yesterday so today i presume more of the same given your early start. There are any amount of listed oil companies operating safely in the Nigerian oil sector. They are made up of numerous small, medium and multi-national companies as well as African companies. Genel Energy on the other hand operates in an equally corrupt country, does not get paid for all it's oil, surviving on basic payment and like GKP had - has a significant amount of corporate bond debt. It downgraded it's reserves on one of it's fields as has a number of other companies and many have left and the country has not found any new major investors. The governement has been taken to arbitration/international court where it was told to pay up and owes one consortium (Dana Gas)over $2b. It had driven GKP to the brink of bankruptcy. Copl was an out and out carried exploration play short term on Liberia. All investors/punters were aware it needed new money. It is looking at additional assets in addition to OPL 226 so investors yesterday were aware that nothing immediate was on the horizon and a major fall in the share price would have been expected should Liberia not come in. Now you're saying do you trust the CEO because Liberia did not come in. This was a well drilled by the worlds No1 oil company. What more trust was needed ? Exercise your brain and catch yourself on. E&P is the riskiest sector to be in. Oilexeco is not the only oil Co to have gone belly up since the 2008 financial route and the recent oil price crash that has never fully recovered . Maybe you forget that BP nearly had it's light put out.
15/12/2016
09:52
zengas: There's about 200m warrants that are comfortably in the money at this price range. I've said before they will need cash imo by end Q1 if you look at the accounts just for normal day to day but how will the Shorecan activities be financed ? If you look also at the accounts they had derivative losses on warrants of $2.2m for 9 months at September being recognised. They then have a derivative liability at Sept 30 2016 of $4.3m. I feel this is all related to the companies poor cash position and impacting the share price in some way and needs to be fully understood.
15/11/2016
07:32
the patient investor: Lets not forget they say the drilling programme is due to start late 2016 It cd happen any time and the share price cd go INSANE! [...] Will COPL double? Broker upgrade sets 21p target ahead of Exxon’s well Share 13:28 25 Oct 2016 “Mesurado-1 is a high impact well and ... we believe that the risks lie firmly on the upside for COPL.” offhshore Shore Capital sets a new 21p price target for the explorer With a new target price Shore Capital sees the share price of Canadian Overseas Petroleum Limited (LON:COPL) doubling. Shore Cap today repeated a ‘buy’ and lifted its target price from 16p to 21p, which suggests around 100% upside to the current price of 10.6p. It comes ahead of a potentially game changing drill programme in the deep waters off the Liberian coast. Expectations surfaced earlier this month that the well would spud in November. “We had believed that an early spud date was quite possible and are therefore highly encouraged to see the reports of plans to commence drilling next month,” analyst Craig Howie said in a note. He added: “Mesurado-1 is a high impact well and, given the strong subsurface understanding and presence of a lucrative multi-well carry, we believe that the risks lie firmly on the upside for COPL.” Howie also highlights the boost from the recently completed acquisition in Nigeria, which adds near term production and exploration potential into the mix for COPL. “In our opinion, OPL 226 is a highly complementary (and value-accretive) addition, reinforcing COPL’s African footprint and bringing a later stage asset into the portfolio. The acreage contains an existing discovery and an offset well location has already been identified,” he added. Share Jamie_55a91591db06b.jpg Jamie Ashcroft WHY INVEST IN CANADIAN OVERSEAS PETROLEUM LIMITED? READ MORE HERE
25/10/2016
16:10
effiert: WOW 21p target put on COPL prior to drilling Will COPL double? Broker upgrade sets 21p target ahead of Exxon’s well Share 13:28 25 Oct 2016 “Mesurado-1 is a high impact well and ... we believe that the risks lie firmly on the upside for COPL.” offhshore Shore Capital sets a new 21p price target for the explorer With a new target price Shore Capital sees the share price of Canadian Overseas Petroleum Limited (LON:COPL) doubling. Shore Cap today repeated a ‘buy’ and lifted its target price from 16p to 21p, which suggests around 100% upside to the current price of 10.6p. It comes ahead of a potentially game changing drill programme in the deep waters off the Liberian coast. Expectations surfaced earlier this month that the well would spud in November. “We had believed that an early spud date was quite possible and are therefore highly encouraged to see the reports of plans to commence drilling next month,” analyst Craig Howie said in a note. He added: “Mesurado-1 is a high impact well and, given the strong subsurface understanding and presence of a lucrative multi-well carry, we believe that the risks lie firmly on the upside for COPL.” Howie also highlights the boost from the recently completed acquisition in Nigeria, which adds near term production and exploration potential into the mix for COPL. “In our opinion, OPL 226 is a highly complementary (and value-accretive) addition, reinforcing COPL’s African footprint and bringing a later stage asset into the portfolio. The acreage contains an existing discovery and an offset well location has already been identified,” he added. Share
24/10/2016
20:32
effiert: from august but well worth a read Canadian Overseas Petroleum (LON:COPL, CVE:XOP) could find out as soon as late 2016 or early 2017 whether their share price is going to explode following a likely historic drilling off Liberia, according to analysts at Edison on Tuesday. The London- and Toronto-listed oil exploration group has teamed up with partner ExxonMobil (NYSE:XOM) to drill the Mesurado-1 prospect offshore Liberia. ExxonMobil owns 83% of the project and COPL the remaining 17%. In addition to recent success across the Atlantic, Mesurado-1 is partly de-risked by offset wells on block LB-12 (Carmine-Deep and Goshtern-1) and block LB-15 oil discovery (Montserrado-1). The significance of Mesurado-1 is, as Edison dubbed it, that it is like “looking for Liza’s conjugate twin sister”. “After recent appraisal, ExxonMobil believes that the Liza oil discovery offshore Guyana could hold up to 1.4bnboe, making it one of the largest oil discoveries since the start of the decade. ExxonMobil is to looking to replicate this success by targeting a possible Liza Atlantic conjugate, Mesurado-1 offshore Liberia,” Edison said in a note. The analyst said that for COPL success could prove to be game-changing. COPL is funded through the upcoming Liberia exploration programme operated by ExxonMobil up to a maximum gross carry of $120mln. “We expect this to include drilling of the Mesurado-1 prospect, which we estimate at a P50 prospective resource of c 400mmbbl and geological chance of success (GCoS) of 30% (commercial chance of success 19.5%),” Edison added. “We see few small-cap E&Ps that offer a funded exploration programme targeting over 400mmbbl of prospective resource over the next 12 months. We value COPL on the basis of a post-discovery farm-down, driving a C$0.15/share RENAV, and also provide a potential strategic asset valuation of C$0.22/share.” COPL shares were unchanged at C$0.08 on Tuesday.
Canadian Overseas Petroleum share price data is direct from the London Stock Exchange
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