Member Info for Roharps

News expected within a week and finally.... finally we can see the back of the Cuda deal and move into a nicer period of open news flow and the prospect of value creation.

The wait has been agonising, frustrating and its been tempting to sell at times. I held strong and have endured the volatility. Hopefully will go back into the 30s or maybe into 40s and break many of us even or into profit.

lets hope the SP finally rerates to reflect the assets the company has.

Will be nice to see the cash generation from Cuda finally added to the balance sheet. Hopefull Art will buy a few more shares and hopefully over 1 billion barrels is confirmed by RS report.

Wait nearly over.

Updates still not here... RS report still not here. So frustrating.

Been expecting the report for a month now and the court process is sooooo slow.

Will be so pleased when Cuda is finally done and can move past it.

Well lucky you that is awesome to make such a large profit. Would have to have been very brave buying in at 8 as many thought it would go bust. To date Tullow is the largest realised loss I have ever endured.bought at 230 and sold at around 50. It was so shocking given its size.

That fall in 2019 was so sudden it could not really be avoided.. It was bloody aweful. Learnt alot from it.

I am very excited about COPL. Alot of potential.

Hopefully Art and his team will deliver.

News expected Monday yes?

ASOS 5 day falls - 35%. Boohoo 5 day loss 12.5% at time of writing.

Both have similar issues. Yet ASOS hit much harder. The difference is returns flowing back to ASOS well as Boohoo report that returns are slowing. It looks like. Could it be... will ASOS customers adapt and realise before they buy they cant afford something. It is a pain returning stuff. I think and this is only my view that returns will slow.

I have thought about this and think that either ASOS is oversold or Boohoo has not been sold enough. I think the falls should be more aligned.

All views welcome.

Its been terrible today. Just who would have thought this would happen. Especially after it started recovering to almost £ 16

I said there would be a bounce today... there has not been. Obviously a very negative consensus view despite some positives in the update.

I hope things turn around.

Still trying to figure out why Boo is down 11% and ASOS 28%. The best explanation is... its the first time ASOS have had to deal with large numbers of returns.

Anyone offer any other explanation?

Before pandemic sales were still over a billion quid and in 2021 where shops were open for much of the year 1.6 billion quid. How.much of that is really pandemic?

Sales are still strong. Sales are more than the MCAP. The future I think is still fast and cheap clothes online.

I think this is big over reaction. Thought that even when it was down 20%.

Eventually oil production will increase from the rest of the world ex russia and make the price of oil more stable. Wti has fallen back to 115 out of the 120s. I think it will all adjust over time. Oil producers will rake it in over the months ahead though.

Over the much longer term... this will be the kick the world needs to go towards cleaner energy and electric cars hopefully. That would be nice if that happens. Something good for the world coming out of all this.

Not so sure about the theory of the war causing all the issues.

I think savings sky rocketed during lockdown when imdividuals could not spend.. governments over stimulated the economy by too.much and grants and and backlog of demand worked its way through the system.
Those that hadnt traded for a while put their prices up... the increase in supply clogged the channels... then there was the shortage of delevery drivers and everything else.

Oil was shocked from low to high demand.

Governements will conveniently blame the war for everything. I think it excerbates the issues but its not the cause.

My thought are also that the shocks will subside in the months ahead and I actually think this is more temporary than some poeple think.

Only time will tell i guess.

On the plus side there is now a CEO and sales are doing well.

Given the falls before the trading update... I do wonder if this fall now is a tad over done.

Wow what a bargain. Helped myself to some more this morning.

25% down in 5 days. Seems quite extream.

Maybe its just how long that positive news is taking. Some just getting bored and selling up?

The report is taking sooooo long. Weeks overdue.

Just switched on my computer and observe that WTI is moving towards $120. Wowzers.

Looking forward to news on Cuda, resources and refinance.

Brokers are talking about $200 pb oil according to report a I got from Schroders. Although admittedly they not say which brokers.

I have said before that the economic winds favour companies like COPL right now. Companies that work off small margins and can't pass on price rises are in a bit of hot water. Oil will work in times rising commodities.

Higher interest rates are a slight concern of mine though for refincance as they could happen soon but overall I am looking forward to COPL in the future assuming the milestones are reached.... particularly production milestones the SP will very much higher.

Anyone seen that crazy news on oil price .com. Americans are driving their cars more than they were pre covid despite petrol/gas being so much higher!!!!

These crazy americans might increase oil higher than 113 if they keep on using more oil as oil goes up.

I like Angus. He did predict the bottom to be fair.

Cuda and placing done . Independent resource report out soon from RS. Unhedged Cuda revenue to be added to accounts from Cuda oil production. Art communicating. Wti price still over 110 .

Looking good and back to 30s I hope.

I am glad its cash positive as I think that is what has been worrying alot of peeps.

Germany is being quite confrontational with Russia isnt it, saying that it will end Russian oil imports by the end of the year no matter what.

The EU will surely go off their lead with few countries given more time to do the same.

This war seems like it won't end for months and months. Nato are still causing Mr Putin much annoyance and after the war does end normal oil trade - one would assume - would not be able to resume for a while.

I think the oil price will go way higher still even with slowdown in demand for goods and services.

If it does rise then good for COPL cashflow. Over months / years

Although.. I do feel sorry for people that can't afford all the rising price to fill up their car etc.