focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Green boxes stacking up, in the spirit of ‘whose line is it anyway?’, they’ve been given the simple angle from phrophet incel tonight, namely; no updates from AM (not true), and the ever easy artifical deadline (and/or JV denialism). All in RNSs and recent, tik tok…. Anyone talking oil out there? GLALTH
Words carefully avoided by the prophet shorting crew will be; oil, onshore, safe juristiction etc, significant infrastructure investment, incline OIP (30/40 years), carbon capture, depleting USA reserves - domestic dependency…..etc etc
Check out CawCaw (aka montana) 3 posts, not once is oil mentioned…..they’ve got the easiest job in the world knocking COPL at the moment, given the shyte SP, but they’re still struggling to bash it with any kind of conviction and guile…bless and toodles.
Anyone who thinks there's no share manipulation (in COPL) and MM collusion (within that manipulation), is a little naive. These bonds have played into that, so COPL management have played their part, but it is what it is, the floodlights are on, and we can move forward. Corruption within money markets are at their highest in distressed markets. Fact. So is short activism. Fact.
GLALTH
Lol...AM criticised relentlessly for putting it all in one RNS. AM criticised for not putting it all in one RNS! He was never going to do that now was he? JV will be a stand alone, a big one, followed by media etc. etc. Wait and see non-believers. Tick tock.
GLALTH
Sea of green boxes. Few newbies from the prophet's kennel to filter. The usual post bonds RNS noise. Drop in SP. Not bothered. Huge quantities of oil owned by COPL, the oil will always be there, the bonds will not. Not much talk about oil today I bet, it's always avoided on such days. JV denialists will soon have to backtrack...just wait and see. GLALTH
I'll keep it short (no pun itended), as green boxing the new paid prophets takes time. If you do something today, then make sure YOUR shares in COPL are out of the reach of the shorting cartel operating here. It's easy. Harry's post is spot on. They seem a bit worried. FCA online report is another avenue, takes 5mins. Toodles
Well that makes for pleasant reading, just over 40,000bopd for May. By my estimation, 50kbopd is doable for August with June, July incrementally increasing through the 40s. Now that would indeed be very interesting. All this with a new plumbing kit with a long lifespan. It would only be the start however. I think we should remind ourselves of the oil, yes the oil, on a regular basis as we're sure to have a new gang of prophet saviour nutjobs appearing on the board as this starts to turn and re-rate. GLALTH
Nice to see blue. To be honest I'm not getting anywhere near excited, in the same way at 25% down this time last week, I didn't get despondent about it. Fundamentals will soon come to the fore here. Crazy low mcap, so there's no need for any one to panic. COPL will easily evolve to mid-cap on assets alone once the normal ebb and flow of trading resumes. Increased oil production is now key, the JV will happen.
Classy of this trans guy to be telling us all last week that Tiburn has zero credibility, that COPL were going bust, that I was guilty of excessive LSD consumption, that there was no trading manipulation etc etc etc......mmm, credibility eh? Bless
Glad that’s agreed by everyone then. COPL have a lot of oil. 10%+ increase in production will be nice to see with our next data set. Incremental increases is what we were told by AM. I think he’ll deliver on that. The rest is insignificant. It’s all about the oil. That’s why there’s a JV coming too. Yes, that’ll be all that oil. Love using that word. Oil. Oil production figures out very soon. Mmm…
Given that Copl do oil (1,300bpd at last count), and for balance (because who gives a flying about CEO if oil is flowing 🤷🏻♂️), on a scale of 1-10 (10 being a lot); do you think COPL own a lot of oil?
I’d give AM 6.5. Must do better, but canny as hell, wait and see, big oil discovery that. Glalth
It would seem that recent trading patterns in Copl are attracting increasing attention from official quarters. No intention of being overly cryptic, nor do I know if this is good or bad as a LTH, going by instinct, I welcome the scruitiny. Clearly, something afoot.
Meanwhile I’d be happy to see a double digit percentage increase in the production figures due very soon. GLTALTH
Certain collusion between some of the non cornerstone bondholders and trolls on this BB. Personally think this is quite obvious. COPL cannot wholly dictate/influence to whom they sell bonds, and there are folk who'll always take advantage at a fledgling company stage. AM knew this back when he emphasised that the cornerstone bondholders would be exactly that. You could and justifiably make the case of 'naivety', but hey the lights are very much on, there's big money being spent on infrastructure, production will incrementally increase, and a JV deal will happen.
It's all that oil what does it, concentrate on the mcap (O&G companies out there with x15 COPL mcap with no production - wildcatting out at sea!), it's tiny. OIP is significant, and USA reserves at their lowest levels since 1984. Depressing current SP, but that's investing for you. Follow the golden thread - mcap, assets, life-span, demand. GLALTH.
Oh and remember, the trolls only waste their precious talents when there's significant potential.
Just a dribbling tap at present. I comfort myself with the distinct reality of a huge uptick in light crude oil. Eye on the prize. The oil is there and AM knows it, driving a hard bargain behind the scenes. JV incoming. GLALTH