Columbus Energy Resources Share Discussion Threads

[12bn] 22/11/2017 12:18

Falling fast,it couldn't be Lind selling 4.5p shares or PIs selling 5p placing shares could it? :)

[offerman] 22/11/2017 09:09

Couldn't agree more Ed

[12bn] 22/11/2017 08:53

CERP/LGO has an MO of surviving by issuing more and more shares,it has always been a loss maker and I don't think anything has changed that. They have an even bigger ramper than NR in Koot but the fundamentals are just as bad imo. LGO had promises from NR but kept making losses and kept issuing shares until eventually 95% of those shares vanished,a new higher share price arrived and share production was ramped up. Who is the loser? Holders are the losers. Will water-flood save the day here,it didn't for RRL? Will new pumps drive LGO/Cerp from a £4m p/a loss maker into a profitable company? I doubt it very much. Will more and more shares be issued here? Yes imo of course they will.

[12bn] 22/11/2017 08:21

What's wrong with you Northpole2, don't you like to hear anything but positive ramps like you get on jcgswims thread? arry,I have you on filter, so there is little point in you posting here. Have a nice day and don't worry about the fact that sooner or later real numbers on production will have to be RNSd here!

[edgein] 22/11/2017 08:12

wow look at the WTI price, it may be able to crack $60/bbl by y/e at this rate. Great time to have lots of workovers and waterflood ongoing.

Regards,
Ed.

[hpotter] 22/11/2017 07:57

Lets hope that whatever caused TXP to rise 19% in Canada overnight is contagious.

[chrismick] 22/11/2017 07:55

And now WTI nudging $58.00

[markbarker] 22/11/2017 07:47

If there was ever a stock that needs news this is it could be bigger than we think due to time from last update

[nexus7] 21/11/2017 23:05

WTI $56.83

[holly day] 21/11/2017 12:58

eerily silent here. Here's hoping it is quite noisy and active out in the field! Need a twitter pic of the team supping champers.

[edgar222] 21/11/2017 09:49

So do I. If they are waiting for 1 update to include workovers and waterflood it could be brilliant.

[the guardian] 20/11/2017 17:48

They have a supply and their own emergency generators.

[holly day] 20/11/2017 13:13

Hi offerman, I read a few weeks ago about your misfortunes in the market. Really need to tread carefully (eggs in one basket and all that). I share your optimism here with Leo at the helm...but before chancing any more, I need to see some substance (numbers). BTW, no advice intended. I am not getting carried away and I DO have some minor reservations here (in the absence of news) and as such not prepared to risk any more. I don't want to delve on the reservations too much to avoid the risk of being called a de-ramper. But keep an open mind.

FWIW though, I would add that I didn't like the tweet pic (or the subject matter) at the pump supplier. However, the 2nd pic (WF) suggested that we may be accelerating that side of things. No idea which side of play the pump supplier is linked to...WF or stimulation program? Carrying out an inspection?....

[offerman] 20/11/2017 12:56

Good afternoon HollyWhen you've been waiting about six years as I have then just a few weeks is absolute drop in the ocean. Also agree if the price does drop further to 5.5p when I get paid end of the month all of that is going to go in to get some more. Then if that rises before the end of January I can pay my tax bill with the profits and leave the rest to ride.I always vowed right through my whole life never put your house on the market but for some reason I feel that in CERP case I would actually do that if my house were on the market.

[brasso3] 20/11/2017 12:44

I feel that we are just in a similar period as to July - August. The next leg up is probably about 4 weeks away.

[holly day] 20/11/2017 12:22

Afternoon chaps.

Agree with edgar's sentiments. All the Trinidad's oilers in the header are showing similar behaviour, market taking a breather (some volatility too). Our share price has only been driven up to these levels on the back of the sentiment created by Leo's arrival and some of the 'tidy-up' process. All eyes on news and it is inevitable there will be some impatience and folks may look for opps else where. We are still in the recent channel. No panic. GL all.

[edgar222] 20/11/2017 12:02

My holding is in 7 figures.

I hope the share does go down.

So I can buy more at a better price.

If you believe in the assets and this management you know they have promised news by year end. I do. So I dont care about drift now. Have my own target price where I will sell some and keep a few 100k for the very long term on a free ride with profit banked.

GLA

[bobsha] 20/11/2017 10:45

Yes definitely need news soon or share price will be 5.5 soon.

[offerman] 20/11/2017 10:06

TGTotally agreeThe OO stopped all momentum in its tracks

[the guardian] 20/11/2017 10:05

I don't care what the rest of you think, the positive sentiment that was driving this up has petered out. We need some news otherwise the share price will creep downwards.

[arrynillson] 18/11/2017 12:51

12bn - whilst you're in Lapland don't forget to pick up your celebratory Leo Koot mug - all those shareholders who didn't take your advice to sell in the low 2s only weeks ago can bask in their wisdom they didn't listen to the ravings of someone who boasts they don't research this share, regularly gets facts wrong and can't see the benefit that new management has brought to this share - despite the market reaction!