Canadian Overseas Petrol... Share Discussion Threads

[saint in exile] 23/8/2021 08:41

Warrants being sold purely.We raised before suspension and are now producing so why raise?

[phurley] 23/8/2021 08:37

This should be 0.8p to 1.0p - so why isnt it?Insiders selling to take up the placing shares. Arthur will never change.

[phurley] 23/8/2021 08:24

What a huge letdown this relisting has been. Never a dull moment with Arthur. Been here a million times before with this share and it means one thing..... another huge dilution on the way.

[luckyabbeygale] 23/8/2021 08:19

Still a bouncy bouncy play, and a decent long term hold.

[luckyabbeygale] 23/8/2021 08:02

Sorry I just assumed they be buying not selling. Either way I'm not desperate here giving that my holding is 2 times smaller than I have in some other shares.

[gregpeck7] 23/8/2021 08:00

It's a sell is it not?

[luckyabbeygale] 23/8/2021 07:11

Another huge increase by HSBC.

[cahus] 22/8/2021 19:12

12Toes respect for once you are talking like an investor or holder rather than your usual. ATB

[12toes] 22/8/2021 12:54

Manipulating the share price is illegal So please take your ignorant pathetic conspiracy theories elsewhere The market has determined what these shares are worth

[ride daice] 22/8/2021 11:49

Profit £20 pounds or $20 per barrel ?

[12toes] 21/8/2021 21:25

Then why is it 0.38p then you numpty

[tedoby2] 21/8/2021 19:12

The following is based upon using an earnings metric method for evaluation and keeping the calculation simple


From what we’re told it’s reasonable to assume that COPL Will be producing around 2000 bopd anytime soon and that earnings from that should conservatively be £20/boo.


Working on 300 days production per year we get £12 million annual earnings (net profit).


If you benchmark COPL against its peers you're going to find they produce p/e ratios of between 20 and 30 if not more in some cases. But again let's be conservative and use a p/e of 15.


So at 2000boopd we get to a notional Market Cap of pounds £180m million. Viz:-

2000bopd x 300dys x £20 x 15p/e = £180m MC.


From there given there's 15.6bn shares in issued we get to a current share price of just less than 1.20p.


Again keeping things simple and on the same basis if COPL are producing 4000 bopd by Christmas then we would get a share price of around 2.40p. On a linear basis and excluding economy of scale and anything else material such as Nigeria. That’s 6 bags in 4 months from where we are today.


I've no doubt using an NPV valuation method would give us higher SP’s and I'll try to demonstrate that later.

[tedoby2] 21/8/2021 19:11

The following is based upon using an earnings metric method for valuation and keeping the calculation simple


From what we’re told it’s reasonable to assume that COPL Will be producing around 2000 bopd anytime soon and that earnings from that should conservatively be £20/boo.


Working on 300 days production per year we get £12 million annual earnings (net profit).


If you benchmark COPL against its peers you're going to find they produce p/e ratios of between 20 and 30 if not more in some cases. But again let's be conservative and use a p/e of 15.


So at 2000boopd we get to a notional Market Cap of pounds £180m million. Viz:-

2000bopd x 300dys x £20 x 15p/e = £180m MC.


From there given there's 15.6bn shares in issued we get to a current share price of just less than 1.20p.


Again keeping things simple and on the same basis if COPL are producing 4000 bopd by Christmas then we would get a share price of around 2.40p. On a linear basis and excluding economy of scale and anything else material such as Nigeria. That’s 6 bags in 4 months from where we are today.


I've no doubt using an NPV valuation method would give us higher SP’s and I'll try to demonstrate that later.

[saint in exile] 21/8/2021 13:32

Was there not a tie in period where he wasn't allowed to sell though?

[nash81] 20/8/2021 23:04

i am guessing COPL paid Atomic around 4m and hence the previous owner of Atomic might be selling as well as they in desperate needs of cash ?

[luckyabbeygale] 20/8/2021 14:45

Wrestle flowing in EOG. Last orders below 1.3p.

[zxie] 20/8/2021 14:34

Nice volume again

[sportbilly1976] 20/8/2021 13:58

.3941 - .3969 spread on 2.5mln

[billthebank] 20/8/2021 13:38

Interesting!!! Haven't seen any 5M sells for a bit.Sorry correction went through just b4 one!