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Laughable, they hold but are predicting doom.
We might stay at these levels but as Q3 approaches I am expecting a nice upward trend and not ruling out 50p in a couple of weeks.
Only ones worried are the ones that have sold and trying to get back in sub 25p.
Make your own minds up. But imo the Fantastic Four are doing exactly that
Interesting comment on the shorting ...
Paid bashers -
The shorts will hire paid bashers who "invade" the message boards of the company. The bashers disguise themselves as legitimate investors and try to persuade or panic small investors into selling into the manipulation.
I think most investors have had traumatic experiences with stocks that don't reflect our optimism. The market will react to concrete progress and will ignore possible progress, it will react badly to delay. I've seen this every time so far but each time, people on the internet think the market will buy on potential and overlook concrete setbacks. Copl is likely to react well to good news, badly to bad or non-news or excuses, like every other stock.
What I wish I understood better is the level at which a stocks potential/assets creates a floor below which it is unlikely to drop. Copl may be at or near that level anyway.
You shouldn't really judge a book by its cover 34q.Iron may have had some traumatic experiences in his life which make him so black and suspicious and i really mean that
Iron aren't you just one bundle of depressed flesh.
"Even still the self financing comment is the glimmer of hope we need, he wasn't forthright about production being higher than before but he can't without an RNS."
"Excited to watch the rampers jump on this but this will be lower next week, we're just following the Canadian market."
Your colours are firmly smashed against the mast.
Get out of here if all you can do is try to deflate at every opportunity.FFS a glimmer of hope is all you got from that interview?? not excited about fed deep but excited about reading rampers posts.
You must be a bundle of fun in some stratosphere
LB why do you say this?
"He said production peaked in August. That was 1600bbl/d so lower in Sept and Oct.....
He Clearly he says in the first minute or two that production peaked in august at 2700 and i'm sure you watched the video?
Succinct he is not
Point being that after the CEO spent 28 minutes talking in circles about ops, reserves, discoveries, acquisitions, strategy and timelines, share price, liquidity, netbacks, the price of gas at the pump, the amount of air pressure in vehicle tires, investors' family offices that had a margin call in August, Nigerian politics, the massive development that Essar and Nigeria are in talks for the first time in years, and his return to Canada, shareholders still don't even know whether production is up or down.
Haven't known for months.
Last oiler I owned would warn shareholders when there was a single day power outage, in a single plant, out of their multi-billion-dollar portfolio.
Probably no one gave a fck about a one day power outage, but the point was to let investors know that comms were always fulsome and always timely.
If you didn't hear bad news, you knew with confidence that there was none.
Here, we can have 5 people watch the video 5 times each and come away with a different interpretation.
That's the kind of dynamic at a professional PR/IR firm could help with IMO.
He said in the interview that production peaked in Aug at 2700 bopd, but the RNS in early SEP said 2720 and increasing?
evan
yes production has been increasing, just the rate of increase slowed as they had a lower MF injection rate due to supply issues, that is now addressed and in 2 months they will know what the ultimate flow rate may be
LB
production has not been falling - the injection rate has - see interview again around 2min mark
Is production increasing?
key messages that should have been RNS:
MF going well, production is rising, MF injection back to full rate
FD is huge
CUDA being bought/COPL going for it
cash flow great due to Butane hedge saving $840k a month
His marketing firm issued their first post here promoting an interview, well done, welcome, more comms please
Posted here as they or COPL monitor this board, maybe linked to posts here , petition, who knows, but the interview addressed all concerns raised in recent weeks on silence and why
Bob called it - AM mentioned the 27% as there has been a material movement there
As cawcaw stated - COPL need a full time communications lead to manage all media, what, when, how and mix it up, some SWP lead guys, the CFO.
There was a lot of info we learned today that should and could have been RNS, for material advantage and SP growth, prod revenue will talk ultimately but please lubricate the wheels as best you can to get this going and keep the momentum, keep the traders on their toes, its in your control frankly now the churn is done.
I hold here, don't get me wrong, but Copl technicalities means nothing as fossil fuel is not green. Sentiment needs to change, just look at the pump price per Lt in Spain, ask yourself what's wrong.
Interview Summary - very interesting and good interview, all on track.
- USA low risk , difficult to enter, incline curve unusual to buy
- 50% recovery rate confirmed - RS CPR was 14%-25% recovery assumed, this is huge
- Peak prod 2700 bopd in August - he hasnt confirmed what it is now as that would be RNS
- Its the MF gas bullet injection rate thats come down, not the production in that period as the MF bullet plant needed to increase its production -COPL building back up to full injection rate, perhaps later than inferred previously when it was supposed to be coming back up early Sept, however the plant construction was stated as between 4-6 months back in May, so a reasonable estimate and wasnt in AM control.
- The injection is promising and they are re simulating the reservoir and so the estimated reserves - production will be SUBSTANTIALLY higher than now in one year
- The SP will rise as production does, and higher production is assured and proven based on the measurable and quantifiable MF effect to gain 50% recovery rates
- FD results will be in the Q3 Nov 15th RNS - MULTIPLE horizons to go for , they are determining which one to go for first now, hence the confidential well status so it must be huge
- AM is also managing our expectations and is not going to issue updates every two weeks to market, but that may change and could be a smokescreen
- Cant forecast future production until its steady, and its still growing so wait until it stabilises
- Fully funded for operations, good hedges on butane and it will go to 76p a gallon in Jan, with current price at $1.60 a gallon - he is buying 1 million gallons a month for the MF, so will be saving around $840k per month - that alone almost pays for the capital loan repayment from March 2022 at average $1m p/m - its pure profit saved, more cash in bank for drilling and is a material benefit until MF has done its job and stabilises lower, its proportional cost will be going down over time with netbacks rising. opex reduces
- NO more dilution :) honest guv....not when they are liable to lender at least i would agree
- II are holding for the journey
- Incline curve known in two months, close to knowing what it will be
- FD could be substantially higher than current 31 m barrel reserves from BFU and CC - more than 1 horizon in FD to go for, could be all 6 levels found are viable
- They are working in acquiring the 27% from CUDA
- AM owns 3% of COPL
Well said illusion.I'm sure Art is twice the man of some of the green box losers on here.
You are just right Island, he warned us of that situation earlier, i was pleased that those of discussing the Cuda WI seem to have been vindicated , i was not looking forward to being pilliared on here anyway lol,
the fact he mentioned that we are going after the 27% WI must be encouraging , he must think he has the bones of a deal to even say that much.
More encouragingly the decision about choosing between the layers was a big hint of things to come in the deep and especially when he mentioned the possibilties over the 42,000 acres he was at his most confident when talking of these two subjects during the whole interview.
other than that i thought he was being very careful what he said even seemed a little nervous at times, i also thought he looked a little stressed at times also.
So now be quiet the naysayers give the man a break !,
definetely not the interview of a man who doesn't give a ****,
it was more like the words of a man feeling the pressure of a share under performing and under attack unjustifably.
He has given us what he can for now ,
lets judge him on what emerges over the coming weeks and months and on information we do not yet have ,
I will not be unduly worried if the Q3's are not spectacular either he has been juggling many balls on a moving platform of global fundementals .
So i say good luck Arty i hope everything you are doing will work out as you are planning our futures and his reputation are what are at stake here.
It is easy to criticise much harder to do.
GLA .
Think you might want to calculate the MC
at £500 a share we would be worth close to double B.P lol
think a tenner more than safe, for a while £1.64 billion MC
:))
HFB
I would limit £50 or £500 just incase it did ever rocket to £5 and forgot about it!
You sure he's not tipping off the shorters ??????
as said before , squeeze them early , put a limit sell on all your shares
£5 or £50 it does not matter , just put it up and out of the short reach
If they can't borrow them, they have to buy them back, the more put out
of reach the worse their dilemma, keep pushing and risk all , or take what
they have and escape unscathed by a rapid rise.
Do unto others as the bar stewards are doing unto you
:))
Interesting read, see if anyone here fits the bill ... :-)
https://seekingalpha.com/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack