Canadian Overseas Petrol... Share Discussion Threads

[thehitman1] 19/8/2021 14:36

Hardly any volume now.

[thehitman1] 19/8/2021 14:07

15 billion shares, consolidation coming up.

[kevinroe] 19/8/2021 13:45

Disagree LB. Hadron had 176m as of yesterday or even Tuesday with the volume from yesterday now sitting at 1.7billion hadron would have been out. We have a new player in town and most likely see a big dump show up at 5pm then we can all start the guess work on who that is and most likely to be hsbc

[saint in exile] 19/8/2021 13:42

Ain't many shares up today especially not oilers

[billthebank] 19/8/2021 13:41

Who do you think it is Kevin?

[lb28] 19/8/2021 13:40

There is currently no seller. Hasn't been since approx 11am. We just don't have buyers lol.

[kevinroe] 19/8/2021 13:37

Everyone was claiming it's all hadrons fault but there is another desperation seller

[mikesmythe] 19/8/2021 13:34

Why else to you think the share price is down 6% DOHHHHHHHHHHHHHHH !!

[kevinroe] 19/8/2021 13:32

The level of volume and massive trades now confirms to me that we have another seller.

[edgein] 19/8/2021 12:48

Zxie,

Could be? I think you mean it is! That's 3 days running that COPL's had the highest volume on the London markets. That's over 6bn shares traded in just 3 days.

Regards,
Ed.

[zxie] 19/8/2021 12:43

Could be good volume again

[lb28] 19/8/2021 12:41

Will be back at 0.6p soon enough.

[demark] 19/8/2021 12:30

punters paid 0.6p for
nearly 200m shares
only couple of days
ago!

[cahus] 19/8/2021 12:18

.40 p paid and should reverse now

[lb28] 19/8/2021 12:12

Hadron have stopped selling. Bid keeps rising. If any sellers about it'd be getting smashed in as has been last 3 days.
Think it's moving freelyish just not really enough buyers.

[edgein] 19/8/2021 11:54

Bill,

Top post, spot on chap. We've been brought right back to the value where they acquired the asset at $39/bbl oil and that asset was at a huge discount to fair value as was seen in the COPL presentation. Also at the end of Q1, thanks to Art clever moves on the financing he went into the suspension sitting on circa $29m. Market isn't factoring in the success of these assets to date, let alone their upside. The upside on these assets are significant from the Frontier and Dakota as seen in the prospectus. From the Cole Creek field alone some 114mmbbls in place with only around 10% of that currently in the 2P category. The current well he has chosen to drill is to see if there's also oil in the Frontier and Dakota under Barren Flats too. Market isn't getting any of that at the moment. But they will in due course, nearby well apparently oil saturated in the Frontier and Dakota formations, so fingers crossed. Be interesting to see where the price of these go between now and the end of the year.

Regards,
Ed.

[gregpeck7] 19/8/2021 11:50

Where is edgein?

[cahus] 19/8/2021 11:46

Bought in on Tuesday and topped up yesterday and final top up today at .3813 p. How sitting on over 5.5m and not too stressed about the price as once Hadron finished and PIs panic selling done, then this would shoot back to .45 p +. Just a bit of patience needed IMO and we are on to a winner.

[demark] 19/8/2021 11:44

phurley19,
the nigerian licence issue
has been on the cards
for sometime! has it not?



phurley19 Aug '21 - 11:21 - 5030 of 5035
0 1 0
Cathy says they are ‘wholly confident’ that the Nigerian licence will be ratified soon. Ive taken a position.