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  6. Canadian Overseas Petroleum Limited (COPL)

  7. Canadian Overseas Petroleum Limited (COPL) Share Price

COPL

Canadian Overseas Petroleum Limited

4.75
0.125 (2.7%)
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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
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  0.125 2.7% 4.75 9,144,008 15:58:15
Bid Price Offer Price High Price Low Price Open Price
4.50 5.00 4.75 4.625 4.625
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unit Inv Tr, Closed-end Mgmt 28.01 -45.44 -16.50 - 13.08
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 177,907 4.832 GBX
Related Shares
Bp (BP.), Harbour Energy (HBR), Curzon Energy (CZN), Echo Energy (ECHO)

Canadian Overseas Petrol... (COPL) Latest News

Canadian Overseas Petrol... News

Date Time Source Headline
23/5/202312:01ALNCNewsCanadian Overseas Petroleum touts consistent progress at Barron Flats
23/5/202307:30UKREGCanadian Overseas Petroleum Ltd Gas Gathering System Construction Progress
16/5/202313:55ALNCNewsCanadian Overseas quarterly sales down on severe winter
16/5/202307:00UKREGCanadian Overseas Petroleum Ltd First Quarter 2023 Financial Results
15/5/202307:00UKREGCanadian Overseas Petroleum Ltd Conversion of Bonds & Share Issuances
09/5/202316:15UKREGCanadian Overseas Petroleum Ltd Holding(s) in Company
26/4/202315:34UKREGCanadian Overseas Petroleum Ltd Holding(s) in Company
25/4/202307:00UKREGCanadian Overseas Petroleum Ltd Conversion of Bonds and Share Issuances
20/4/202318:25ALNCNewsTRADING UPDATES: Smartspace Software expands in Taiwan, Germany, China
20/4/202307:00UKREGCanadian Overseas Petroleum Ltd Operations Update and Director Appointment

Canadian Overseas Petrol... (COPL) Discussions and Chat

Canadian Overseas Petrol... Forums and Chat

Date Time Title Posts
26/5/202318:02*****Canadian Overseas Petroleum*****11,731
05/2/202309:49◄ CANADIAN OVERSEAS PETROLEUM ►4,530
19/10/202221:02SELL COPL281
25/8/202208:37BUY 9,424
10/9/202117:03*****Canadian Overseas Petroleum***** TARGET 0P ADMINISTRATION LOOMS73

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Canadian Overseas Petrol... (COPL) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Canadian Overseas Petrol... (COPL) Top Chat Posts

Top Posts
Posted at 24/5/2023 06:15 by jammytass
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
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Posted at 18/5/2023 17:29 by edmundfitzgerald
It seems he may have had unrealistic aims?

Every low cap UK share has holders convinced the share price will 10 bag 'at least'.
Evidence suggests it rarely happens, sn individual holding, heroic levels of faith doesn't make it likelier. It isn't divination, however many times they multiple wti by 20000 bopd and divide it by the float

They'd be wiser to look at drilling success rates at various stages of field information.
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Posted at 17/5/2023 06:24 by oscar nosher
A couple of days before the share price crashed 75% shaa posted the MMs want your shares they know what is coming

And his dopey clueless followers recommended him

That was TRULY HILARIOUS

BWAHAHAHA
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Posted at 14/5/2023 14:09 by edmundfitzgerald
Don't worry Nosher.
I get it. I would wait and see where the price goes if the JV drops, if it does drop
I'm not too optimistic on that. I sold some Friday.
The share price is lot more resilient at this level that I imagined. I sold some each of theast Fridays by the way.
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Posted at 07/5/2023 11:14 by edmundfitzgerald
75% of my holding is sold for 30% of the value. I'm a lucky LTH.

Mentally I've written off gaining much back, small hopes, a sort of something good must happen by sheer probability factors.

Arthur would like PIs to sell as opposed to vote against him.The share price shows many have, to the detriment of existing holders and the share price.

The shareholder vote is an annual right of investors to make their voice heard.
He doesn't seem to like it and it's obvious why!

His job isn't to tell folks sitting on huge losses to sell.
(If the mail is true, no offence intended to the poster, but COPL forums will be COPL forums).
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Posted at 23/4/2023 10:54 by edmundfitzgerald
Certain is time to stand and deliver. The time it's taking on all fronts just adds further question marks.

No zero risk in this game, but as long the Gas pipes work, small delays won't be much problem but will cause much noise in the context of COPL.

The company need to accept the balance of what they haven't delivered is far bigger than what they have delivered, that is share price price driven results.
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Posted at 19/4/2023 19:36 by edmundfitzgerald
155 bonds from 175 bonds already. I think that makes another 380m if the rest converted.

This board seems smarter than LSE on the bonds so we know the holders won't all behave the same way.

The cash or share settlementd appear a more complicated decision tree.
Why would they take share settlements and that push the share price below the bond conversion price? Thus creating losses on their bonds or at least lower value.
After that lower price the 5 day vwap would push the share price lower and lower each time.

I think we agree they're for the long game and convert to their benefit.

Volume: you have a point, depends on these news items but I think sold into too. Plenty of opportunities for PI to buy on peaks thinking excitement is on the way.

Don't agree the lender. I think they hate bankruptcy and they have made a packet off copl already. They just need copl to stay afloat.
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Posted at 17/4/2023 23:00 by edmundfitzgerald
I punted that the tr1 shares will be sold, then some bonds will begin to be sold. Suggestiong a Gentlemens agreement on this and sale prices, protecting all  parties. Letting out the law firm before any bonds.

I think a common miss a few make is to not spot that agreements were likely all agreed togetger during the going concern crisis, with the law firm both prescient to the deal and representatives ;of copl perhaps.


A little word to Doug on LSE on TR1 shares. I'll present why I think they have sold.

20th March RNS
"issue common shares in lieu of cash to existing unsecured creditors owed approximately US$2.5 million. These reductions facilitate a more efficient cost base, without sacrificing the strategic and operational aspirations of the business, enabling management to conclude JV/RBL negotiations to the best possible outcome"

23rd March is the date Tr1 notifiable date given in 14th April RNS


The $2.5m made of.......

27th March RNS
Further to the announcement of March 20, 2023, the Company has also issued 26,842,036 common shares (the "Shares") settling $2.2 million of payables to arm's length creditors of the Company. The price at which the Shares were issued was at a premium to the LSE share price.
8.19c

3rd Aprile RNS
"2,292,370 shares to creditors for $0.2m
8.72c

(Enough play in rounding  $100ks to make them the same $ to share)

Assume that's two creditors in total, I believe that each creditor needs their own explained Payment in shares, unmerged for transparency.

Tr1 then has 20,995,964, 6m less than 27th Rns= sold.

I wonder if the law firm  merely tr1' ed to show they follow rules, then tr1 to show they're under notifiable %. Then there done.
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Posted at 17/4/2023 22:51 by edmundfitzgerald
Circa 12p share price in August, suggesting it may go past that a little.
(Highest valued mcap since relist. + 300% in 4 months)

Circa 40% bonds converted now to August. (76 of 172 bonds)  650m shares.

90k bbls pm. + 200% from February.50 % more than the field has ever(EVER) in a month.

Positive foundations to move forward. 
3000 bopd, allows copl to pay its way with the hedge in place. I suspect the Bondholders will do what it can to secure income.

Perhaps this means drills from August/Sept too. I put an rbl pending more production revenue.

I was pleased that I could articulate this.
"The better the business (X) the higher the SP(Y), the higher the SP(Y) the more 'likely' bond conversions(A), the more conversions(C), the more pressure on the share price to drop (B)=?"
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Posted at 06/4/2023 07:54 by oscar nosher
Hope everyone’s ready to wear their COPL rose tinted glasses and wave their COPL pom poms while wearing their “I luv ART” T-shirts as the share price continues to fall

You gotta larf
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