Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Singhie, You have been asked to stop. The jury for most is out but again you state a factual falsehood. During Covid we got our vaccines before Europe and they were livid. Yet you say no net benefits. Swings and roundabouts. Now lets get back to Angus.
Singie, You have been asked nicely to stop posting political views here. A few factual points though. The conservative government campaigned to remain in Europe. They lost the referendum and Cameron resigned to respect the will of the people. Also there is a strong argument that the benefits of Brexit would take 10 years to emerge as it would take years to unravel red tape and in the meantime our civil service obstructs as resolutely as those in Brussells. For most people the jury is out.
Pilot, you keep talking about the sp without understanding the business and impact of a JV partner. An aggressive partner building 3 high pressure wells per square mile , over 51 square mile, at 1000 -3000 bopd. That is the potential upside. To what extent that is achievable will determine the sp combined with dilution, oil price and the amount of extractable oil. Spivs and traders will play but ultimately the profits of the business will determine the market cap. I have no idea what the sp will reach and nor do you so stop making a fool of yourself.
Pilot, you said the saviour of COPL not that investors needed the JV to get their money back. The saviour of COPL will be well makeovers that lead to commercial flows of oil with resultant cashflow and profit. That is already well underway.
FWIW I have always believed that Art deliberately neglected maintenance in order to get CUDA so cheaply. That has bitten us hard due to poor weather, failure to rapidly increase oil flows thereafter and resultant wonga financing. From here it is simple . We have the oil ,we need to access it. 51 sq miles. 3 wells psm. 1000 -3000 bopd per well. The prize remains which is why we all invested.
Thinking things through logically the JV is the real game changer here. Yes a JV brings cash potentially but the real value is the acceleration in the speed of accessing the oil. A barrel of oil today is worth say $85. What would you pay today for the same barrel delivered in 5,10, 15 , 20, 25 years.? No surprise that the NPV of the oil decreases with the time to access it. Thus NPV of oil in the ground comes at substantial time related discounts. Now enter JV partner with deep pockets who facilitates oil extraction 10 times faster. The value rockets. I accept some of the reasons that posters have posted for the rise but sentiment aside and allowing for the fact that the JV is not signed this would be the financial game changer. Hope this helps.
I also have money in COPL which has nearly trebled in just over a week after a massive fall . Fortunately having used the fall to buy more my B/E is on the horizon and the same thing applies here. I thought this was a steal at 1p taking a 2 year view and still do so at this price it is incredible value. To me the current SP defies belief and is the product of GL’s lack of financial discipline and lies. Trust will be rebuilt solely through robust production and firm commodity prices. If you believe this will happen this share will reward you from here. GLA
U complete and utter dog (UDOG). SS the great diluter and destroyer of wealth aka Billy no shares still taking the p1ss out of investors.More new lows. Sanderson you are a disgrace glad I sold. Hope you rot in your soiled underpants.
As an LTH I sold half on JV news hoping to buy lower. Have had to buy back higher, lol! But by buying another 500,000 on top have still managed to increase my holding and lower my B/E. Not what I planned but better off than a week or so ago so not all bad! GLA
Every long term holders nightmare. You sell some on a spike , then it drops a bit and you wait for bond conversions to buy back in, but they don't convert and the price moves ahead again. As a percentage play the strategy works but not every time. I sold 1m on JV news last week hoping to buy them back in the low 1's. Still might happen and still in a much better place than prior to the JV news but most frustrating.
HITS as usual some very informative and well researched posts irrespective of the motivation. As you say the next 2 years are pivotal and in the meantime we are hostage to gas prices. If only GL had produced when he was supposed to when we could have sold at $600 and been debt free, lol. We are where we are but a winter at $200+ would be transformative. Oh for some transparency!
Disappointing to see the SP only at 2p on this news. Guess everyone is waiting for the inevitable bond holder conversions. Thus traders see this is a spike that enables sells to buy back lower once conversions continue. SP aside and short term trading aside great news..