No risk for COPL1 Jul 2022 12:23
Morning all. Turbulent market with worse to come IMO. Generally a cyclical pattern which will have no mid or long term impact for COPL. Indeed, oil consumption always hits highs post recession. It's the oil what does it, like it or not, oil is a big deal here. COPL oil. See Biden's also had a set back re: emission targets. We'd all like it to be flowing quicker (well nearly all), but hey it's a bit more complex than sorting the ground source heating for the outside room. The taps are being fitted, the sage grouse are restless, then it's a case of let it flow. General consensus is high oil prices for 5years +.
The little lord Cupholder suggests that some kind of peace deal (which I hope happens), or softening of sanctions, is a risk to COPL. Comedy gold, desperate and a little dim. Now I am no economist or an authority on geopolitics, but I can categorically stay as FACT that:
1) The USA is one of the very few countries in the world that to date has 100% stopped the importation of fossil fuels from Russia (for the benefit of the little lord, that includes oil)
2) Newsflash - Wyoming is in the USA
Not FACT but probable on balance;
3) COPL are unlikely to export any oil, it will be consumed by a huge and hungry domestic market, however if a major were to buy COPL then I'd assume some export of that oil is likely
Now this may be harsh but necessary. Cupholder I'm concerned. Your logic is completely rudderless, and your painful attempts at avoiding truth and reality is clear to all. I yet again urge you to be silent and appear ignorant rather than state something and prove it. Give yourself a day off, (did the boss not let you go down to a six day week?).
Rest that poor hand of yours, take in some air, we can't have you going blind to complement your ignorance. Make it your ambition not to be a burden on society. Called out again. thank me later. Toodles
Good luck all genuine investors, the worm will turn.