Share Name Share Symbol Market Type Share ISIN Share Description
Canadian Overseas Petroleum Limited LSE:COPL London Ordinary Share CA13643D8008 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -0.35 -2.17% 15.80 1,296,895 13:00:48
Bid Price Offer Price High Price Low Price Open Price
15.50 16.10 16.45 15.80 16.15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -5.06 39
Last Trade Time Trade Type Trade Size Trade Price Currency
13:27:08 O 41,849 16.0099 GBX

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Date Time Title Posts
04/7/202215:03*****Canadian Overseas Petroleum*****8,156
28/6/202210:49BUY 9,423
26/1/202216:00◄ CANADIAN OVERSEAS PETROLEUM ►4,516
10/9/202117:03*****Canadian Overseas Petroleum***** TARGET 0P ADMINISTRATION LOOMS73
27/8/202110:43SELL COPL242

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Canadian Overseas Petrol... Daily Update: Canadian Overseas Petroleum Limited is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker COPL. The last closing price for Canadian Overseas Petrol... was 16.15p.
Canadian Overseas Petroleum Limited has a 4 week average price of 15.55p and a 12 week average price of 15.55p.
The 1 year high share price is 58.50p while the 1 year low share price is currently 15.55p.
There are currently 244,449,464 shares in issue and the average daily traded volume is 2,293,078 shares. The market capitalisation of Canadian Overseas Petroleum Limited is £38,623,015.31.
9naz: The Cuda bid, deal , court dates, etc. have taken longer than expected and not in the company’s control. However ,we are nearly there now, just a matter of days before completion.The company are aiming to complete Cuda by 11/07/2022. We will then receive all the information/updates that have been part of the Cuda confidentiality clause, ie. Purchase price, information on tje confidential well information, which was kept confidential for commercial reasons, etc.etc. GLA LTH. Exciting few days to completion ahead of us , and exciting weeks and months ahead .I think we will know a lot more by this time next week and share price should start heading in the right direction very soon, this is what I have taken from my recent communication with the company.
9naz: Indeed , the share price should start to gradually rise from here, this is a ridiculously low share price and MCap for what Copl have and acquiring Cuda and CPR to come shortly. There is a poster called CoplHodler on Lse who only registered on 5 APRIL 2022, and has been posting full time negative after negative posts,even over the weekend while professing to be a holder? after registering several weeks ago, obviously has an agenda to try and get the weak to sell and looking for a lower entry?,maybe one TW’s trolls. We should be multiples of where we are now , once the CPR confirms the discovery and possibly an increase in OIP. Onwards and upwards , possibly the best investment on the market at present as regards risk/ reward.
9naz: Now that the much expected fundraise is out of the way, and the share price reaction likewise, it does look like an excellent time to top up or buy in for those on the sidelines. I can’t really see anymore placings now, RBL to be sorted in the next couple of months,all Cuda production since 1 March all goes to Copl at current prices, no hedge on their production.Broket note issued yesterday has a risked current target price of 60p and SimplyWallStreet has current target as £1.07,and nothing included for the massive discovery at present, so anything in between for now will do, CPR in a few weeks , will I believe come in higher than Copl estimates, and further boost the sp, my target in the next few months,after CPR is at least in the 50s amd possibly a lot higher.
9naz: If there isn’t positive news on apod or any other solid news , I see the share price dropping by around 10% tomorrow, and if a placing at around 20,then we could see a potential drop of around 20%, because 99.9% of the time the price retraces to below placing price , before slowly recovering, depending on how aggressively they dump the placing shares. If that is the case ,hopefully won’t drop too much below 20p. Critical few days coming, what has Art got to give us, no doubt we will soon find out, not a good look that APOD deadline was 15/4/22 and nothing RNSd by the company, very worrying if you ask me.
9naz: Yes, logic would say that , but this is Art, he has previously told us no placing, and then done one at a massive discount, maybe he wanted to keep the share price up for the forward sellers to get get a good price , as the price at the time was going down, also je then awarded himself options with millions of pounds at below his buy in price, maybe to justify that? Who knows .
ih_796856: Log That's a good list of questions and some serious unpacking! My wife is becoming increasingly irate for our daily walk. I'll try my best and happy to be shown where I may have gone wrong. I and II are the same, referring to production from the Barron Flats and small production from Cole Creek. It's referred to cumulatively. '1. If COPL/SW are operator how did the $2m become $3.6m?' The Cuda billables are for production costs to SWP production, they appear not to be paying their bills. The payments from oil continue to cuda, into the FTI account. Perhaps $5-8m owed to COPL but $10m on account being held back by FTI, the legal side is complex. SWP went to court (post period of some of those documents you refer to) claim first lien, essentially what this means and argued was that SWP billables are essential to Cuda income. That 'in bankrupt' income would be materially damaged by not paying SWP bills. So they must and will be paid first. Cuda could not keep up running it because they had $70m debt, a low hedge and 500 bopd, it wasn't enough, COPL have different metrics. 2) The asset isn't loss making, Cuda were. Simply put as in all bankruptcy ,not all lenders will get their money back. Beyond SWP, Bridging Finance and Tallin none will have a penny. 3) First Lien to Tallinn was superceded by First Lien to COPL. This is the last and so dominant legal ruling. I think the timelines were just guidance, pinch of salt on any 'guidance'. The portion of shares sold I shall rebuy, some at 22p, hold some dry powder for 20p. That is sharing my position and not advice! As I say ,I have a large enough position for the upside of incoming good news. I hope that's an ok reply, not patronising and not offensive to anyone. I remain aware of the sensiblities and frustration of COPL holders, so aware of fears and hopes.
loglorry1: I've beed digging around a bit in the court docs relating to CUDA. This one give a good overview of the situation hxxp:// It is a bit confusing but a few things jump out which don't seem to fit with what the RNS says yesterday. In particular the court document describes CODA share of the US asset that is operated by Southwestern/COPL as follows:- "i. A ~28% non-operated working interest in a 100% oil play located in the Powder River Basin in the State of Wyoming; and ii. A large, contiguous ~16,500 net acre land position and 56 proved developed wells currently producing approximately ~500 BOE/day of oil (net to the Cuda Group). A third-party reserve report completed as at June 30, 2021 estimates the net present value (using a discount rate of 10%) of the proved reserves at US$66.4 million." I'm not sure if (i.) and (ii.) are different or the same oil fields as it is hard to say. It then goes on to say CUDA has liabilities of "$13.7 million first lien debt" and "Approximately $56.6 million second lien debt facility" plus importantly for us "Approximately $2.0 million owing to Southwestern Production Corporation (“Southwestern”) pursuant to a lien filed for failure to pay operating expenses associated with the US Assets. Southwestern is the operator of the majority of the US Assets." It looks like the $2m claim against CUDA is from SW/COPL for operating epenses. So what I don't understand is 1. If COPL/SW are operator how did the $2m become $3.6m? That suggests that the US assset is losing money and CUDA couldn't keep up with their share of the costs to run it? Even so as operator they would be sitting on the cash from oil sales anyway and could withhold this from CUDA's receivers and net it off? 2. If the asset is loss making (at these very high oil prices) how can it be sold for enough to cover the liabilities? 3. The other unknown is that the document says that COPL have issued a "lien" but it doesn't give it's seniority to the other two lenders. Some have posted here it is a first lien but there is also another first lien of $13.7m so I assume they will have to share any proceeds of the sale of the assets with them after the receivers have been paid (along with the small Canadian asset). The document also goes on to give a timetable for the receiver to execute the sale of CUDA assets including the one operated by SW/COPL. This has supposed to have completed or near completion today. This is important as it will give a read-across value to COPLs share of the assets. I reduced my exposure here a bit yesterday but I would love to get to the bottom of some of this.
bashbosh: Good conversation in the presence of bad company comms. Please share thoughts on the following: September 30th 2021 Q3 Report. Free cash flow $2.2m ? The liquidity covenant broken? '45-day minimum average balance of unrestricted cash must be at least $2.5 million)' Whichever reporting day of the 'Liquidity' the 45 period is, (be it monthly or quarterly), 45 days onwards from 30th September is November 15th The share price begins to fall. At what point did Arthur assume that CUDA debts could be added to the free cash flow? Which it can't and certainly Free cash flow is a measure the lender decides it to be. This was also the date of 'operations update' A week on we have the news item 'increased oil A week further on from that a 'raise'. Likely the demand of the Lender? A Nigel Little ex HSBC (Copl share holder) is brought on as NED. Could that be a demand of HSBC or the Lender too? If Arthur was half as clever as he thinks he is.....
goforgold1: Be carful Institutional investors pumping this to get out with a hood profit . 30 million 20p shares out there...You got all these placing shares being churned at moment no wonder price not moving . Calgary, Canada & London, United Kingdom, December 01, 2021 - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (XOP: CSE) & (COPL: LSE), an international oil and gas exploration and development company, today announces the successful completion of the oversubscribed accelerated bookbuild process announced on November 30, 2021 raising gross proceeds of USD 8,000,000 (the "Placing"). A total of 30,250,000 common shares (the "Placing Shares") were placed by Tennyson Securities (the "Agent") with institutional investors at a price of 20 pence per Placing Share. The Placing Shares will, when issued, be credited as fully paid and will rank peri passu in all respects with the existing issued Common Shares.
billthebank: The thing is LB my view and please feel free to correct me. COPL was valued at around £20/35M prior to ATOMIC When oil was $40/barrell AM was stating that Atomic was a bargain and was only acquired for $54M est £40M So just in itself one would think at the very least COPL should be valued at £60/75M which in fact it is!! However since then oil has more than doubled and wezaee producing more oil than last January. Now we have that incredible RNS on Monday which will be analysed in detail prior to the end of March. There is in my opinion now an elephant now in the room which according to the market has no value! However we have AM and his penchant for placings.Is this a fear? And indeed the fear that is dampening the share price I believe that there is a work around to quickly increase oil production but AM has decided not to to put pressure on CUDA in their distressed state and it was possibly the final nail in their coffin. Of course as CUDA had no cash COPL pres receives all oil production revenue. So the question is why is the share price languishing and tbh I have no idea but someone is selling that's for sure. The next thing is will COPL be successful in acquiring CUDAs interest. . I hope so but time will tell.
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