Canadian Overseas Petrol... Share Discussion Threads

[blueblood] 17/3/2021 08:44

The operations to drive up production is due to start in 2 weeks. By the time we relish I expect the production rates could have doubled which would provide great support for new higher share price as would news from Nigeria before then too! Additionally what is Art going to use funding for? Expect increase in our Atomic WI to be confirmed too. Very exciting prospects for 2021!

[cornishtrader1000] 17/3/2021 08:12

No need to dwell on Sirius. Like i say good luck all and a quick 100% to boot!

[cornishtrader1000] 17/3/2021 08:11

It was for OML109

[tidy 2] 17/3/2021 07:51

Sirius wasnt an RTO

[cornishtrader1000] 17/3/2021 07:41

Good luck all holders. I hope this does not turn into another Sirius Petroleum and stay suspended then delisted for nearly 2 years.

[ride daice] 17/3/2021 07:39

It would be nice for some other positive news to drop whilst we are suspended :-)

[abeygale] 17/3/2021 07:30

The deal could of fallen through. Therefore the gamble has now paid off. Not as many posters like to take these risks now after their past experiences with Churchill and Oxus. Looking forward to the reward now.

[blueblood] 17/3/2021 07:20

Reckon we will be back in 2-3 months with share price over 1p!

[abeygale] 17/3/2021 07:19

It's completed then. Fantastic news for those who do not mind waiting a few more weeks for a substantial profit.

[abeygale] 16/3/2021 20:13

Well let's hope the 6.20 RNS means that the deal is now done and dusted. It sound like it could take over a weekto sort out. I have my extra funds put aside for the increased possible margin requirement ready to deposit for if that margin call happens.

[abeygale] 16/3/2021 20:06

I am also in a no feeling state of mind frame, because of one life changing mistake I made with selling Petrel Resources at its lowest last year in January. I needed that 6k I would of made to short the Dow from 30k to 20k, and to pursue my obsession with making money from Pharma company's that where involved with Covid. I worked out I would of made over 1m that all started from a £500 deposit.

[kcowe] 16/3/2021 20:00

all the best with your strategy.

[abeygale] 16/3/2021 19:58

Yes I can refer to that. I have been wiped out many of times in my twenty's and thirty's using margin. I now doing a 2 grand max per holding strategy. Therefore if one lost 50 percent I still have half my pot left. I am adding the min deposit of £250 about 3 times a month. Therefore things should get safer in the future.

[kcowe] 16/3/2021 19:43

abeygale , you are brave , I now never do margin , learned the hard way when I was in my 20s .. wiped me out at the time.

[abeygale] 16/3/2021 16:51

I just worked out that increasing my margin to 50 percent would require a deposit of £475. As I hold £5,000 per point. I think I can manage that since in 9 days I get paid, and I can borrow that in time. I decided to hold them since I needed to experience what happens in this situation, and for the reward. If I never knew in the future this situation could wipe me.

[sportbilly1976] 16/3/2021 16:44

they can't settle whilst suspended (who would be the buyer for their sell?)...depends on your cash position, but generally they only close out other positions when your overall margin drops to 50%

[abeygale] 16/3/2021 16:42

Thanks for that. I guess that means my other positions maybe close out in order to support the margin if that happens, or say if I did not have any money or shares in my account then I guess ig would settle at the last closing price.

[sportbilly1976] 16/3/2021 16:37

abey,

if the suspension is for a day or so then probably not. Note though that with EUA last year (suspended from Feb until July) the margin increased from 25% to 50%.

(there was also a significant short position from Jub capital in play there which might have affected this...but worth reading the Ts&Cs with regards their (IG's) rights to amend margin

[abeygale] 16/3/2021 16:35

I bought these on leverage with ig index, on the daily funding option. I assume that suspended shares do not require any additional margin.

[sportbilly1976] 16/3/2021 16:30

everyone in now then until re-listing :)

[tidy 2] 16/3/2021 15:31

4pm today read the news.

[spacegazer] 16/3/2021 15:03

Still no RNS saying the fountain pen has done its swishing across the page......

[tidy 2] 16/3/2021 14:33

Nice 14.9m buy filled. Thank you.

[a_2_b] 16/3/2021 14:31

Some massive sells gone through today