Name change makes sense1 May 2023 10:46
Morning all. I'm of the opinion that a name change is viewed as more of a priority than any potential future consolidation. I'm also of the mind that the future JV entity is driving this. Why? Headquartered in Calgary, yes, but other than that no 'Canadian' link, 'Overseas' - tenuous, forget Nigeria I say (wish they got shot of this on the website to be honest), it's all happening in Wyoming (3 assets), and Canada and the USA clearly have a significant land border, so 'overseas' is not an accurate reflection. More importantly, the JV partner, who may well be planning on an eventual takeover with COPLs consent, will want to brand and market the company moving forward, in a way that aligns appropriately to the green/environmental agenda (think carbon capture).
Anyway, the markets will react positively tomorrow, recent developments have shifted the mood music, and although some are paid to dispute and disrupt the case, we all know big things are happening behind the scenes, period.
GLALTH