Canadian Overseas Petrol... Share Discussion Threads

[gaffer73] 12/6/2023 18:36

The 4% drop in oil won't be helping.

[edmundfitzgerald] 12/6/2023 18:30

Lingered around 5p for a while, it's eaten 4p as a snack.
Main bondholder now proven to be selling is a possible reason. Let's hope they want a holding and not to exit.

[jammytass] 12/6/2023 17:03

smell the coffee cash cow
Arthur S. Millholland President and Chief Executive Officer – 2022 salary - $671,700.00 (CAD) a 42.46% increase over 2021.

Ryan Gaffney Chief Financial Officer – 2022 salary - $580,800.00 (CAD) a 43.72% increase over 2021.

Rod Christensen Vice-President, Exploration and Exploitation – 2022 salary - $412,000.00 (CAD) a 49.81% increase over 2021.

Richard Mays Vice-President, Business Development and General Counsel – 2022 salary - $316,500.00 (CAD). No change?

Robert Dion Vice-President, Finance and Controller – 2022 salary - $254,400.00 (CAD) a 505.71% increase over 2021 (what???)

A Family member employed under normal commercial terms (assumed to be Elizabeth Millholland) – 2022 - salary $288,000.00 (CAD) an increase of 71.42% over 2021.

(One of) THE PRIMARY RESPONSIBILITIES OF THE BOARD ARE:

(A) ENHANCING AND PRESERVING LONG TERM SHAREHOLDER VALUE;

The Reality:

Senior COPL employees enjoy minimum 40% pay increase in the last year.

Shareholders receive an 87% decline the value of the their share holding since COPL’s readmission to trading in August 2021.

Anyone else had a 40+% pay increase over the last 12 months?

No, I didn’t think so.

Cp lse
Rabjambos

[terminator101] 12/6/2023 16:57

1 million dumped at 3.85 huh.

[jammytass] 12/6/2023 16:54

money for bod for what?
dont worry about the bod arthur daley has already been paid aprox 335,850 cad this year
this is his cash cow so why have a joint venture !!!!

[oscar nosher] 12/6/2023 16:43

3.90 to sell

BWAHAHAHA

[oscar nosher] 12/6/2023 16:41

2,500,000 sell
1,000,000 sell

The bondies have 100s of millions left to sell

It is hilarious

[9naz] 12/6/2023 14:22

You could be right , what a disaster this company has turned out to be , can’t believe what Millholland says anymore.

[oscar nosher] 12/6/2023 14:12

If you think the 3s are funny wait until the 2s come

ha haaa ha haaa ha haaa ha haa ha ha ha haaa ha ha haaa ha haaa ha haa ha ha ha haaa ha haaa ha haaa ha haa ha ha
[mad hysterical laughing]

[oscar nosher] 12/6/2023 13:10

483,681 dumped for just 3.95

The 3s are here

BWAHAHAHA

let’s have a 3s party

BWAHAHAHA

[oscar nosher] 12/6/2023 12:23

Serial loser gaffer needs a 5 bagger just to get even

Its hilarious

[oscar nosher] 12/6/2023 11:21

Gaffer is his name
Losing money is his game

It’s what he does

BWAHAHAHA

[oscar nosher] 12/6/2023 10:49

Death spiral financing

The gift that just keeps giving

BWAHAHAHA

[oscar nosher] 12/6/2023 10:39

Nasty gaffer the resident loser has just shown up

Still expecting £1 a share

Total clown

BWAHAHAHA

[gaffer73] 12/6/2023 10:36

The tax credit would be valuable to a large oil company though.

[oscar nosher] 12/6/2023 10:30

2.5 million just dumped

Those bondholders make me laugh

3s on the way

BWAHAHAHA

[terminator101] 12/6/2023 10:03

Sub 4 coming soon

[edmundfitzgerald] 12/6/2023 10:01

To be eligible for the 45Q tax credit, the project must be a “qualified facility”. A qualified facility is one that meets certain minimum emission thresholds and the construction of which has begun before a certain date.

Eligible for the tax credit are CCUS facilities that have begun construction before January 1, 2033. The IRS provides two tests to assess compliance with the beginning of the construction regulation: the Physical Work Test and the Five Percent Safe Harbor.

[edmundfitzgerald] 12/6/2023 09:56

Eazy trolls a lie about copl being paid to store CO2. Totally baffled by tax credits.

It would be a minor miracle of they actually did some proper research and not myths and lies.

"SteveV what the trolls will fail to mention is a specific piece of legislation in the US allows COPL to be PAID for use of CO2 as part of secondary recovery methods and to permanently store it covering all costs associated with using it and then some…as per below"

1) it's a tax credit on profits. It reduces tax payable and 2) no one is 'paying' for Co2 eor.
Co2 is sold just as other gases are.