Canadian Overseas Petrol... Share Discussion Threads

[smcl] 28/8/2019 18:08

Msk7- ok sure let’s hope so. I’m optimistic... don’t really know why... but am. Not great investment tuition I know.

But look best of luck to each and every PI

[msk7] 28/8/2019 17:54

agree smcl we do need some good news.

[smcl] 28/8/2019 16:29

All in your opinion... We need news! No offence.

[handygandhi] 28/8/2019 16:12

In my opinion, the £500k cash raise was to keep the lights on until a deal is done

When that happens the rise will be massive

(I was going to say meteoric, but meteors are renowned for falling 😅)

[edgein] 28/8/2019 15:38

Selling at the bottom seems like an odd time just after they had raised money and cut costs. I guess those folks have lost faith or are gambling on a lower price. I'm sorely tempted to add a few more but then have added millions recently so not sure, still quite risky, but after reading TRP's announcement today there's even more risky ones about.

Regards,
Ed.

[msk7] 28/8/2019 13:31

ouch this is hurting me.down 8.5%.lowest sell price have seen on this stock i think.not panicing as i saw Petrel taken to 0.95p and then it rose to 5p.

[msk7] 28/8/2019 12:34

even BPC is on fire.come on COPL give us some excitement.

[msk7] 28/8/2019 12:09

Lekoil has gone up nearly 50% over last couple of weeks .Clon has also gone up 50% but the biggest mover over last couple of months over 500% has been Pet.our turn will come.

[msk7] 28/8/2019 11:04

A lot of patiance needed here.Like watching paint dry.

[handygandhi] 27/8/2019 15:52

The 15:36 trade @ .0975 was a buy

[greatfull dead] 27/8/2019 13:42

A frustrating wee oiler. Excellent asset, in the right offshore area. Lots of news to to come X'd.

Herd less for now...

GLA,
GD

[edgein] 27/8/2019 10:58

msk,

Any of a number of things could trigger that re-rate, Essar approval, performance bond, alt f, service provider finance/rig contract. Moz PSC negotiations progress. Cap pricing little to nothing in at present.

Regards,
Ed.

[handygandhi] 27/8/2019 10:17

And the good thing for current holders is that the herd are occupied elsewhere

[msk7] 27/8/2019 09:05

Edgein the approval will send this into orbit hopefully.

[edgein] 27/8/2019 08:13

Handy spot on, SRSP will be lucky if all its new assets combined add up to half of COPL's potential on 226. That's if they complete.

asm,

This is the report I'm referring to:



Specifically this is what I was referring to:

"Application has been made to the appropriate government bodies and the process is in the final stage of being granted ministerial consent for the Essar acquisition."

Sounds like the Essar acquisition is in the final stages.

Regards,
Ed.

[asm5] 26/8/2019 16:31

Thanks for the clarification Dave. I’m relatively new to shares so it’s a learning exercise for me.
Some of the stuff on the LSE board does make you panic a bit.

[dave19w] 26/8/2019 15:21

Hi asm5 I read the LSE board today also and was aware of all of this. It is not negative. This is all information that is well known now by most. Also Essar the steel companies problems are nothing to do with Shorecan so you can ignore it. Unless you were referring to something else. What are your concerns exactly? Which parts worry you?

[asm5] 26/8/2019 11:56

Ed, Where can I read such reports? The LSE board mentions a lot about ESSAR today and its quite negative!

[dave19w] 23/8/2019 16:16

Fair point handy. Also for now it seems that the latest raise is more likely to have good news before it runs out. One can only hope. I for one was less disappointed than usual with this raise. Probably as it was done at the same level as the last one. And the share price seems resilient around these levels.

[handygandhi] 23/8/2019 15:47

I've not switched allegiance, but as SRSP are in limbo an investment of a couple of million shares here seems a very good bet, now that deals are being signed off in Nigeria

[edgein] 23/8/2019 12:54

msk,

Good idea not to chase random stocks. This one is back to the last 8 months bottom yet again its been stuck in the range of 0.1p-0.2p. Nigeria is very keen to get its production above 3m bbls/d again so its only a matter of time here imo. Shoreline is a giant, I cannot see them failing to get a pb or service financing/rig. According to the last quarter report we're close to final permission for the Essar acquisition.

Regards,
Ed.

[msk7] 23/8/2019 12:05

Edgein totally agree with you.this is off everybodys radar at the moment.
that £500,000 was an important placing imo as it gives the company more time to get a better deal for alternative finance.hopefully after pb and approvals and then the finance.

looks lik everyones piling into ADME.i was a few weeks ago was going to swap my Copl for ADME at 22p but luckily stopped.i feel sorry for the investors there who have been conned.maybe they can come here and recoup their losses as we have a world class asset and our market cap is tiny.

[edgein] 23/8/2019 11:47

For those prepared for the risk, the best time to buy these is when noone is interested not when every man and his dog is trying to buy millions at the same time. I've been adding millions more recently.

Regards,
Ed.

[msk7] 23/8/2019 07:38

anybody seen the ADME RNS.i really feel sorry for the investors there.they have been taken for a ride bigtime.would be nice if His Royal Highness would invest his profits here.