Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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.
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.
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.
Some of us are still very positive.
WTI up over $111.
COPL revenue generating
Serious amounts of oil in the ground
Refinancing
Possible production increases in time
Hopefully some good news soon as SP seems ridiculously low.
For some reason... I have a good feeling about Monday.
By the way... my song lyrics were to the original tune 'Value Plus is coming' from the Wonga Boys'
I mean 'Venga Bus is coming by the Venga Boys'
If SP is above £1 by AGM 2023 ... ill hire a hall in South West London, provide tuna sandwiches - - fake tuna sandwiches for vegans -- ill blow up some balloons and then sing it for all you lot over a karaoke.
Hopefully by the end of the year it will be like...
We like to party
We like, we like to party
We like to party
We like, we like to party
We like to party
We like, we like to party
We like to party
Ive got something to tell ya
Oil discovery proved for you
Gonna put these wells in motion
Get ready cos oil's coming through
Hey now hey now hear what I say now
Hapiness is better with the Cuda
Hey now hey now se whats produced now
Higher SP will be there for you.
The value plus is coming
And COPL's BOD is pumping...
Shannon to Cole Creek fran sisco
An interwyoming dico
ARTS wheels of steel are turning
Recycling gas not burning
So if you like to party
Get on and move body
... wow I should be a songwriter
Light oil dicovery 1.5 bn to 1.9 bn waiting independent varification. 1.2 to 1.6 bn within leasehold. Extends Shannon to cole creek... massive
Art confident in the discovery as did loads of varification work.
Powder river basin forgotten about for a long time. Could something else have been missed?.
Existing infrustructure worth millions. Owns pipeco
85% operatives of the field - full control
Discovery well already flowing 100 to 120 brls a day
Looking to drill more wells August
Eventual target 5000 brls oil per day production 500,000 dollars provided oil price stays up
Funded for months with 13 million dollar placing
More funding to come from warrants. Maybe 10 million
Art is big shareholder and has interest in SP going up
Will pursue reserved based lending and renogotiate debt. Expected but not guaranteed
Art 40 years experience and 2 goe physisists working with him
All the above information in public domain. Just some of my research notes and some of the reasons why I hold long.
Some moan about debt and don't want placings which is understandable if you want quick gains.
But without loans or placings - how can you grow a company??.... no such thing as a magic money tree that is for sure.
Its really tough for company bosses to optimise fund raising foe shareholders... even with taking fund raising advice. I wonder how many poeople could do better than Art if they were given his job and told to add value?
Interest for the loan is high because the lender has to put their neck on the line and its only right they should be compensated for that. Remember that the current lender lent the money when oil price was low and was not clear at the time if prices would recover. By doing so an opportuntiy was given to COPL that could not have existed otherwise.
Art has stated that the bank is interested in refinancing. And that makes sense with better cash flow and sounds positive.
The placing has added to COPLs balance sheet and bought more earning potential for the future and should put COPL in a stronger position.
Some have benefited from the placing by taking short term gain yes, but the real rewards with most shares is by holding over the long term and I am hopeful it should add value for shareholders because there is over a billion barrels of oil underground. And should have some more clariry on that soon.
The key thing is revenue which reduces the reliance on external fund raising and this is up this year. If it keeps growing things will be just fine. The cash is the company is being thrown at productiom and efficiency.
Fingers crossed
Staying positive... not ramping.
I am positive about COPL and will top up again if it gets even lower from here.