Columbus Energy Resources Share Discussion Threads

[brasso3] 20/6/2017 20:30

LK impresses every time!

[wstirrup] 20/6/2017 19:32

5 Oil and Gas Stocks That Are Melting Down

An official bear market in oil could send these energy stocks lower by as much as 35%
Jun 20, 2017, 1:56 pm EDT | By Anthony Mirhaydari, InvestorPlace Market Strategist

Crude oil is getting smashed lower on Tuesday, with the United States Oil Fund LP (ETF) (NYSEARCA:USO) falling to levels not seen since February 2016. In turn, numerous oil and gas stocks are getting hammered into dangerous territory.

5 Oil and Gas Stocks That Are Melting Down
Source: Shutterstock
The decline is ugly — a gapped move lower in West Texas Intermediate, with a loss of 2.4% in mid-day trading to fall just below the $43 per barrel mark. That caps a decline of 17% from the early April high and a 26% decline from the January high.

Make no mistake: This is officially a full-on bear market in oil.

Energy prices are continuing the powerful downtrend that’s been in place since December — as equity investors sniffed out the downturn before commodity traders did. The Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) is down nearly 16%. But oilfield services stocks have been hit the hardest: The VanEck Vectors Oil Services ETF (NYSEARCA:OIH) is down 31%.

Several negative catalysts are in play, including growing doubt about OPEC’s oil freeze agreement to normalize the global energy oversupply, increased U.S. shale activity (at a lower cost structure), bloated inventories, and tepid gasoline demand.

As I said recently, over on the LGO thread, now is the time to conserve funds, and wait...There will be bargains ahead...

[jcgswims] 20/6/2017 19:03

Full presentation

[dodge city] 20/6/2017 17:32

Did anyone notice in the presentation that Goudron is only producing 350bopd and that's after the recent drilling.

[dodge city] 20/6/2017 17:29

Koot hasn't cut his teeth on Aim - much different to what he's been used to.

He will tire and get frustrated of it very quickly.

This afternoon is a classic example of him trying to support the share price by putting out the presentation.

He can't put presentations out every day,

[nexus7] 20/6/2017 16:57

From bigdouble Thu 23:41
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CERP Columbus

Very impressive re launch, great entry price at present. 6p plus in the next 3 months IMO.

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From bigdouble Fri 09:26

CERP Columbus

I was more than pleased with what Leo had to say last night. Think once the water flood starts we will see a surge north in the share price

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CERP Columbus Fri 09:31

Ideally funded from existing resources. Possibility an open offer.

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CERPColumbus Fri 10:02

Yes, they are working on this at present. he's very confident existing wells can be greatly improved.

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CERP Leo Fri 15:38

Of out to TT, think he said next week

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CERP Premises Fri 16:20

As I understand DL pushed LGO into the just gone offices. Due to refurbishment works going on in the last year the rent had been reduced.

[carpadium] 20/6/2017 16:35

Cheap as chips Edgein, totally agree. Achieved my 1m holding target today and will sit tight for the next three years or so as the story unfolds.
Short term negative movements irrelevant, we're in a brand new 'BE PATIENT' era and I've total confidence in a highly-competent LK delivering. And delivering big.

[edgein] 20/6/2017 15:56

Did everyone like today's presentation, lifting costs at just $5/bbl similar to middle east. They can still make money at $20/bbl oil! Sweet.

Regards,
Ed.

[edgein] 20/6/2017 15:53

From the KOD thread

"12bn
2 May '17 - 08:52 - 2464 of 3003 2 0
Moving up nicely and a code 1,which some think means an RNS has been logged. Do we still have an accumulator here? The share price looks very strong imo."

If you didn't believe in it you wouldn't have mentioned it. :) I'll await your apology for calling old Ed a liar.

Regards,
Ed.

[the guardian] 20/6/2017 15:23

Someone said yesterday that LEO had said at the AGM that he intended to issue RNSs sparingly. Not a good idea - range bound forever! Anyway, A company is supposed to issue material news asap.

[edgein] 20/6/2017 15:14

As Leo says in the presentation, should be 3p now and with minimal work 6p. Interestingly 6p would value it basically on current 2P and production. Should they put some of that 22mmbbls of 2C or even better some of that 60mmbbls 3C into reserves then we'll get up his 12p-24p price targets. I hope he does get a cornerstone investor to take an interest in the Goudron licence so we can get that lost well back in business and get started on the water flood programme. Cheap as chips currently though. He certainly is ambitious when he talks about getting Shell or Bp in for the several 200mmbbls prospects in the Cedros.

Regards,
Ed.

[the guardian] 20/6/2017 15:12

thetoonarmy2
20 Jun '17 - 15:02 - 87 of 87 0 0 (Filtered)

[12bn] 20/6/2017 15:03

12bn20 Jun '17 - 15:03 - 8 of 8 0 0 Edit
12bn15 Jun '17 - 10:05 - 1 of 7 0 0 Edit
This is a pump n dump share,do not hold,this will retrace to 2p and lower imo.////// It is re-rating towards 2p fast!

[12bn] 20/6/2017 15:03

12bn15 Jun '17 - 10:05 - 1 of 7 0 0 Edit
This is a pump n dump share,do not hold,this will retrace to 2p and lower imo.////// It is re-rating towards 2p fast!

[thetoonarmy2] 20/6/2017 15:02

Come on get it under 2.3p I can take a 1 mill for a few weeks to play with again, sorry TG I know how you love it!

[ccr1958] 20/6/2017 14:18

Looks like the share price been dropped for our rebranding and Leo`s investors ?

[jcgswims] 20/6/2017 14:02

Leo Koot - Rebrand video

[hubs] 20/6/2017 13:24

Maybe the drop is because investors want to pay for what a company is actually worth?

[langstor] 20/6/2017 13:22

falling like a stone, when will people learn to spot a pump and dump, this stock is famous for it

[simon1955] 20/6/2017 13:20

This won't stop at 2p. MCAP still way too high

[nexus7] 20/6/2017 11:37

The worst is over: Tropical Storm Warning lifted

[arrynillson] 20/6/2017 11:02

dodge city - you're a bit impatient ( especially for a probable non- shareholder!) - just watch and learn!