Columbus Energy Resources Share Discussion Threads

[bahamasoil] 28/7/2020 08:18

This was my main concern "Pigs in the trough" meeting twice a year to review remuneration.

CERP had three directors earning £3/4m a year and only had a turnover of approx £7m

[12bn] 28/7/2020 07:29

Poor arry,still in need of anger management I see. Do have a nice day arry,it has been a pleasure annoying you over the years. :)

[ulvers] 28/7/2020 07:03

Wow, looking at the link Nexus7 posted, it shows a team of 20 senior professionals including directors, plus Leo Koots and Columbus management that come across, that must be a £4m plus annual drain on overheads before a drill bit is turned!
This Perseverance 1 drill must be a success to avoid a night of the long knives!

GLA

[ccr1958] 27/7/2020 21:03

Oh well guys onwards ...

[nexus7] 27/7/2020 19:33

Many thanks jcg

My first link about BPC

[kazz] 27/7/2020 16:20

Many thanks jcg
Regards....Kazz

[eggchaser] 27/7/2020 12:32

You will go down as a Legend for sorting this! Much appreciated!!

[geoff0458] 27/7/2020 11:29

That will be appreciated jcg

[jcgswims] 27/7/2020 11:25

Once it's gone through I'll set up a new BPC board, (I presume it will be keeping the name) I'll have to do a bit of reading up first I think, to create the relevant information for the header etc. I'm sure some BPC holders will give me a few pointers closer to the time.

[eggchaser] 27/7/2020 11:23

Ha ha!!! See you on the other side!!

[jcgswims] 27/7/2020 11:04

So there we go, merger voted for.

[12bn] 27/7/2020 09:01

BPC perhaps? :)

[eggchaser] 27/7/2020 08:59

Oh you are not going are you 12bn? Your work nearly done?I wonder where you will crop up next?

[ulvers] 27/7/2020 08:39

beggarman,
you seem to have missed what the market values the deal which is somewhere below 2.5p per BPC share currently. I expect a nominal tick up if the merger is voted through but this needs some confidence boosting news going forward to see any noticeable gains.
I await the result of the agm with baited breath!
All just my opinion.

GLA

[arrynillson] 27/7/2020 08:27

12bn - surely, according to your logic, the ' theft ' is from BPC shareholders as you've been telling people all this year CERP was not worth more than 1p 12bn!

[12bn] 27/7/2020 07:28

Well today is the day when Cerp is stolen for 23% of BPC,a black day for all thinking holders. RIP cerp,you have stolen enough from mug holders here imo.

[brettmo] 26/7/2020 19:57

Expect uptick beyond that on BPC making use of new comined asset value with farm in or other investment

[nexus7] 26/7/2020 15:16

Big Oil Braces For Brutal Earnings Season

The oil majors are set to unveil their second-quarter earnings in the coming days, and analysts expect the figures to be pretty rough. Despite their size, the integrated oil majors are slated to post huge losses. The problem is that there is almost nowhere to hide. Oil prices were obviously at historically low levels in the second quarter, including a brief trip deep into negative territory. Typically, during downturns, the majors are shielded by their downstream refining assets – low crude prices lower input costs and cheap fuel tends to stoke demand.

However, the pandemic obviously shut everything down, so demand contracted sharply. With hundreds of millions of people confined to their homes, it didn’t matter if fuel was cheap. As a result, refining margins collapsed.

So, too, did petrochemical demand. Chemical units were unlikely to bolster the battered finances of the oil giants. Meanwhile, the global market for LNG has also plummeted. Natural gas has been another segment in which the oil majors are betting their future growth. But Covid-19 has ravaged gas markets as well.

Perhaps the numbers won’t be as bad as expected. On Friday, Equinor posted a surprise profit, earning $350 million in adjusted earnings. That was down nearly 90 percent from a year earlier, but it beat expectations…

[beggarman] 25/7/2020 10:18

When this merger is completed I expect the share price to be in the following region:

Value of the new entity £100m.

No. of BPC shares currently in circulation 2.484 Bn
No. of CERP shares currently in circulation 935m
Conversion of CERP shares to BPC shares 935m x 0.803 = 748m

No. of BPC shares in circulation after merger 3.232 Bn

Estimated BPC share price after merger £100m/3.232 Bn = 3p.

Is this a fair assessment or have I missed something?

[gunsofmarscapone] 24/7/2020 16:39

Over 2000 posts, nearly all CERP! QED...