The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Beesty, direct links to parallel markets are uncommon and don't apply to this stock. With parallel US stocks that are securitized ADRs of the UK LSE stock there is a direct link between the UK and the US stock prices and a common pooling of shares between them. Most parallel market stocks are, however, not linked by securitization and do not pool shares and are free to move independently of each other. The TSX and OTC listings are ordinary shares not securitized and therefore the relationship is a sentiment-based one rather than a direct link.In this case the US OTC and Canada TSX parallel market stocks influence UK and vice versa indirectly by sentiment (and to some extent by arbitrage), so the stock movements tend to very loosely mirror each other. IMHO serious/larger US investors will be as likely to buy LSE shares directly as buy US OTC shares and it is highly likely that some of the buying here in the afternoons is from US investors who prefer LSE stocks to OTC.
Bridgedogg - You say nailed on, is that 100% nailed on? Is there anything at this point that can potentially go wildly wrong? (Genuine question as I don't know). I've been in with COPL since early 2020 and so seen the (not very) highs considering where the company is at and the lows. Given i've not been invested as long as some but the SP continues to disappoint. What is holding it back? The RNS release if as you say is nailed on, why are we still struggling to break .40p. I can't get my head around it! They don't come any better?!?!?!
Just saying if we had signalled to the market 6 months ago that we had a 50/50 chance of of hitting 1.9bn then the share price would have been higher than the way we just came out with it - a 100% discovery pending CPR. Just the way the market wroks, seen massive rises on the back of potential big drills but with this one nailed on it seems to have missed that part out! Clearly investors prefer the uknown speculation of a mega drill to the dead certainty of a discovery.
Yes Bridgedogg, why only a 50/50 chance of success? Copl are already producing oil from the FD well.
Why only a 50/50 chance of success Bridgedogg1?
your right Bolton almost forgot , Canada still looking to go again
still waiting for London to catch up , yesterday a 1m share day
Volume
1,108,116
Last Price
0.72
Tick
Up
Net Change
0.16
0.72 Up
0.16 (28.57%)
Canadian Overseas Petroleum Limited (XOP)
Finished with 0.72 to 0.78 on the ASK 42 - 46p and looks to be starting similar
today , take a look at depth on cse later , usually all load up fully between
12-2.15 our time
Some travel involved Bolton , so hope to be back mid morning lunchtime tomorrow
and see 50p on the book lol
l8trs buuuuuuuuuuuuuuuuuuuuuuuyyyyyyyyyy buuuuuuuuuuuuuuuuuuuuuuuuuuuy
As a lot of posters on here have said the big boys are our neighbours and will want the oil for themselves.
Whether that be a takeover or jv nobody knows but at some point the sp will re rate to the sp it should be.
I am not selling and all good things come to those who wait.
GLA
All MMs in the 40s bar one - saucy afternoon coming up
At 11.23 Angus.
And Exxon hot on their heels lol
The CPR is the biggie and can land any time
At 12 Angusscott when TR1 comfirms chevron buying lol
You tell us Angus!
When can we expect more news here
If we'd said 6 months ago we had an upcoming drill targetting 1.9bn barrels with a 50/50 chance of success this would ahve rocketted up to £2 on anticipation. The fact that it was dropped unexpectedly on the market has left many wrong footed, given a golden oppotunity to PIs but the market doesnt know what the hell is going on. I think it just doesnt like that we didnt know most of it was there. CPR will bring them around along with increased MCAP to get the funds buying in. In the meantime we have a gift of a share price and many will be kicking themselves for not buying in/more at sub 50p when they could.
Tomorrow HFB ? I doubt that you keep us going lol...
vent over catch ya'll tomorrow
;))
Beesty
pre the consolidation the Canadian market was screwed as the lower market cse
it sit on had set increments , so for us was the equivalent of every move being a
GAP up/down 0.0025 , 0.005 , 0.01 etc
For a long time they basically sat at 0.005 v 0.01 which would equate to 28p v 59p
would you buy for 59p knowing you could only sell at half price and those prices
in play when we where only 0.20p / 20p
The consolidation was brutal for them instantly dragged back to 28p v 30p
so much more aligned to London prices and have tended to be just ahead of
us since , they have had 46p on the books this past week, likewise Frankfurt
and USA OTC markets pushing on
With London being its main volume market our high 42.7m in a session
Canada 1.32m, we should not be lagging the rest we should be leading
them on the journey upwards
As you have seen for the past 13 months , over 600m churned in London
lots of success news and still struggling for that big breakout it deserves
on its assets
FFS , the larger 1 or 4 RNA messages released on the 12th November over Sedar
to our smaller lacking some key facts on the 15th
Plant and Equipment in Wyoming alone valued at 54 million , we still have next to
nothing priced in for 3 reservoirs OIIP across the 3 around 2.5 BILLION barrels
with a massive increase in reserves rating pending with the CPR
Still nothing in for the production and revenues , this past 13 months , doubled
production etc etc and the reason many of us where here in the first place
Nigeria 100,000-200,000 BOP DAY FFD by Essar waiting in the wings on the 1st
of ""FOUR" Discovery reservoirs on our license
By any metric , we should with our low share base 194m, have been looking at
pound , not pence BEFORE the latest announcement
Arty clap him all you like but great deal maker , crap at the rest or we would have
been , Lenigas and many others would have like Dave over on 88e many times
duster but still pumped and pumped his own share to raise then go , again and
again failing to find a flowing sweet spot , in an area drenched in Oil
despite all that zero revenue , zero production , rainbow chaser has made it to
MC of 250-470m several times , copl with revenues , with ever increasing production
and huge discoveries , still trying to get close to £100m for a first time , beggars belief
Copls history , kill it before it gets going , Nigel hopefully will have wised him up
GLA, should not need it any longer , the figures speak for themselves
Time to stop being the most stifled and manipulated MATES rates share in
history.
I believe that's just the way it is. There is no way to connect the two SP's - sometimes different listings do have different prices - SENX springs to mind - its dual listed with Poland and there's quite a big disparity.
I have a question for more knowledger people than me
As we are dual listed and let's say we hover around this sp all day and Canada smash through 50p and hold would the mm in London not have to raise us up?
Also what will that do to the map if we are lagging let's say 20-30% behind them?
Sorry for being thick lol.
Once that market opens today as well as Canada. I think we will shoot into the 40's.