Canadian Overseas Petrol... Share Discussion Threads

[kevinroe] 19/8/2021 11:38

How is he1 at 91m Mcap with a recent more or less failed drill 1 now people are piling in for drill 2Shows that anything is possible in this market Who knows this could do 50% of what 88e did and fly to 2p

[kevinroe] 19/8/2021 11:35

Bid back up to 0.393

[kevinroe] 19/8/2021 11:30

Bid dropped to 0.39

[billthebank] 19/8/2021 11:29

Last remaining Hadron shares!!

[kevinroe] 19/8/2021 11:24

Sell price keep ticking up and up must be a massive buy order in

[kevinroe] 19/8/2021 11:22

Interesting to see swazers charts showing a target area of up to 0.8

[phurley] 19/8/2021 11:21

Cathy says they are 'wholly confident' that the Nigerian licence will be ratified soon. Ive taken a position.

[kevinroe] 19/8/2021 11:19

Why that amount

[zxie] 19/8/2021 11:16

Does it make sense? Just looking like idiot

[billthebank] 19/8/2021 11:16

Anyone keeping there eye out for share sale 624453?

[zxie] 19/8/2021 11:11

Toes are you fool?

[kevinroe] 19/8/2021 11:10

Finally in now good luck all

[kevinroe] 19/8/2021 10:55

Not much available to buy now

[zxie] 19/8/2021 10:54

welcome toes join copl

[demark] 19/8/2021 10:53

Kevinroe,

interesting observation,
but i still believe the
residuals from hadron's
sale are being flushed
out,

i expect the share price to go above
0.5p soon!!!

this is on the assumption
no other major ins are in
the market!

time will tell!

[kevinroe] 19/8/2021 10:47

Sorry I have come across as a negative fool reading back. I'm just wondering what price I should buy in at initially thought it would drop to 0.35. But that isn't looking likely nowSo may take the plunge

[zxie] 19/8/2021 10:45

Strong volume again

[billthebank] 19/8/2021 10:44

Well TBH I dont know about that and I don't really care as I know this share is undervalued massively for all of the reasons I have outlined!!! Just be patient this is a worm that will turn and very shortly.

[lb28] 19/8/2021 10:41

Think you are right Kevin. Hadron should be gone this morning alone let alone add in yesterday as well. Although it is usually a lot slower than you think.

[kevinroe] 19/8/2021 10:38

How will hadron be finished by tomorrowThere was over 1bn volume yesterday and hadron had 176m left that would have surely been gone yesterday yet the sells continue to pile in. Makes me think there is another holder with 500m plus shares who are also dumping along.

[billthebank] 19/8/2021 10:35

First things first we'll done to those who realised HADRON would sell all their shares and for telling us,all before the event. Well they will be finished by tomorrow at the latest and we'll done to them. Thanks though for helping COPL acquire ATOMIC.

It will be interesting to see if the CFO and the,CEO buy shares in COPL two days after releasing Q2s interim in the next few days because at present they are precluded from buying.

Sometimes people just can't see the wood for the trees.Shareholders should IMO just ignore the noise.

This is a top share now.

Not just an explorer but a producer.

The ATOMIC deal was struck when the POO was $39 and it was thought to be a bargain then. Last January ATOMIC was producing 1400bbpd. That has increased by 80% and Q2s figs are due according to AM by 31st August.Having said that AM is not great with timelines!!

Remember we paid £54M for ATOMIC and CUDA owe us £5M and I understand that at present we are recovering 85% of the revenue from the oil field not 57%.

When there were 9M shares in issue the mms thought Nigeria was worth a minimum of £20/36M. Consider that.

Why would anyone sell this share well possibly they have over extended themselves or just like to sell at the bottom. Of course you may as a holder be thinking where is the bottom? If you think ATOMIC is worth more than £40M then you should be buying not selling.

So according to the company expectations by 2022 we will be producing 5000 bbpd rising to 7500 or maybe 10000?

The field is a young field with huuuuge reserves.Cant wait to hear more news on Coles Creek!!!!

NIGERIA for me is just background noise but when that goes Holy Moly.
Listing in USA? Hmmmm!!

Special Dividend? Also hmmm!!

As for consolidation? Why not but only once we have some favourable share price movement.


For now to keep my expectations really low I feel that based in a PE of 5 only we have:-

3000bbpd
360 days
40$/barrel
57% not 85! Conservative
0.7 exchange rate

Atomic Valuation £95M plus NIGERIA £30M

Remember this is extremely Conservative but if course with 16B shares in issue this implies an share price of circa 0.8 on these numbers only.

£125M PE 5
£250M PE 10
£375M PE 15

By eoty bbpd should be 5000 so ceterus paribus increase all of the above by 67%

What else oh yes CUDA is close to going bust so their share is IMO coming our way.

So anyone selling these now,at sub 0.4 IMO needs their head examined and inside 6 months when they look back they will be saying like others in

ASOS
EUA
JLP

If only I had bought instead of selling 6 months ago!!
Aaaaaarrrrggghhh Why do I never learn?

So could I be wrong.Very possibly. Am I selling? Not a chance. Good luck to you whether you are Buyer Holder or Seller.

[kevinroe] 19/8/2021 09:46

Even syme is up and they have 30 billion shares in issueProb is the people buying now are short termers and should the share price get to 0.43/0.44 they will all start offloading. Trading share but I believe it will go down to 0.33-0.35 area first as sentiment is dying which is obvious by the fighting on the boards of lse.