Canadian Overseas Petrol... Share Discussion Threads

[chesty1] 05/1/2017 08:21

Today is a red day as the traders bail.

[blueblood] 05/1/2017 07:38

1m buy from yesterday pm just appeared at 2.5p! This is only going one way from here ATM...

[ryeguy] 05/1/2017 00:40

Well according to me Rousseau Asset management could only add about 40M more shares before they would get into trouble. Who knows though? Maybe they will take it over?

"Do not become a 20% or greater shareholder without first speaking with Canadian legal counsel. Canadian securities laws prohibit acquisitions of outstanding securities of an issuer that result in an investor holding 20% or more of a class of voting or equity securities of a Canadian public company without making a formal takeover bid (that is, a public tender offer). There are a few exceptions to this requirement, including purchases through private agreements and limited public market purchases, but it is important to get specific legal advice about them before increasing your ownership level to 20% or more."

[billthebank] 05/1/2017 00:13

I reckon that Rousseau Asset management are still building and why not??

[gimmetheloot] 04/1/2017 23:02

Thanks ryeguy I looked at the wrong figures but I just checked buys were 3 v 1 if I'm correct.

Certainly going the right way!!

[ryeguy] 04/1/2017 22:25

Actually it was 11.6 M shares traded in Canada. ~7M was on the TSX.V with the rest spread around the smaller exchanges.....

[gimmetheloot] 04/1/2017 22:07

Gap up in the morning again. Relentless buying in Canada today 6.5milion buys only
500k sells bodes well for the coming days.

Somebody is loading up big time here ;-)).
3-3.5p by end of week.

Level 2 in Canada showing 10million bidding @ 3.5 cents yet the 6million shares all sold for 4 cents today. Looking to go one way only.

[aimmafia] 04/1/2017 18:32

3p fair value here at present. Not invested but I see this going back to the 2.8 range at least

[lithological heterogeneities] 04/1/2017 18:20

in the vox podcast after the duster the ceo said he expected exxon to review the seismic data and announce their findings by end of Q1/Q2 so would be extremely surprised (but very pleased!) to hear anything about exxon review or 2nd well before then.

also, we know that the canadian stock exchange can only issue fundraisings at a minimum of the equivalent to 3p/share so this rise looks to be a simple oversold situation that is being corrected to the correct value the market thinks it should be,whatever that may be.

further to this,if copl were looking to raise funds in canada at 3p/share equivalent then its possible,though very unlikely imho, that some wealthy investors/institutions could be buying pre 3p fundraising to snap up a bargain ahead of such a fundraising. if there was any validity to this thought (and it is only a thought) then there would be buyers up to 3p and COPL would stagnate around 3p.I do not believe this to be the case so if we move past 3p,as I hope, then that would be a good sign.

the 3p equivalent minimum fundraising requirement in canada puts a pretty firm 3p base price behind them.

it will be interesting to see where the market re-values us but I think 3p will be the new minimum base.

[babbler] 04/1/2017 16:50

My guess... Holdings rns.

[billthebank] 04/1/2017 16:48

RNS in the next 48 hours!!!

[griffinred] 04/1/2017 15:56

Potential, 50k to invest? This is AIM, it's gambling.

[babbler] 04/1/2017 15:23

Potential... It dropped from 12 high not 8...

[miahkaysor] 04/1/2017 14:55

well done Phoenix!Bought 1mill!!

[potential] 04/1/2017 14:53

I've got 50k to invest and was thinking of putting it in here but still researching and want to identify the reasons it dropped from 8p

[deanroberthunt] 04/1/2017 14:52

intraday higher lows and higher highs

[phoenix equity] 04/1/2017 14:48

I'm up to 6 million now. That me finished. Wait for 10p now.

[deanroberthunt] 04/1/2017 14:47

@leedskier

that's a standard paragraph you will see for most minnows

[fillipe] 04/1/2017 14:28

....and being taken at that latter.

f

[fillipe] 04/1/2017 14:27

Being taken at close to the full best ask of 2.35p....that now just nudged up to 2.40p as I type

f

[leedskier] 04/1/2017 13:56

Given the failure of the drill and the lack of cash (just $3.7m on 20 September 2016), is there a Plan B?


RNS Number : 9540O

Canadian Overseas Petroleum Ltd

11 November 2016

extract ...

Currently, the Company does not have material cash inflows and/or adequate financing to develop profitable operations. The Company is pursuing exploration projects and contracts that will require substantial additional financing before they are able to generate positive operating cash flows. Accordingly, the Company's continued successful operations are dependent on its ability to obtain additional financing. There is no assurance that the Company will be able to obtain adequate financing in the future or that such financing will be obtained on terms advantageous to the Company. With no assurance such financing will be obtained in future, there may be significant doubt the Company will be able to continue as a going concern. These financial statements do not give effect to adjustments that would be necessary to the carrying values and classifications of assets and liabilities should the Company be unable to continue as a going concern.

[mr hangman] 04/1/2017 13:27

Pump n dump, Pump n Dump

[deanroberthunt] 04/1/2017 13:05

but all you need is love

[money4me] 04/1/2017 12:59

have they found more sand