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https://www.thecse.com/en/listings/oil-and-gas/canadian-overseas-petroleum-limited
Went up a lot this afternoon, almost 20% frm the days high.
Why would you buy COPL in 6 months given a higher SP and possibly more shares, and when it's fully known what we have.
It would make sense to buy it now while low subject to their own CPR.
GLA
These are the two transactions either side of the big buy time:
13-Jan-22 14:54:28 29.98 10,173 Buy* 29.50 30.00 3,050 O
13-Jan-22 14:52:08 29.970 9,986 Buy* 29.50 30.00 2,993 O
13-Jan-22 14:49:30 29.945 10,222 Buy* 29.50 30.00 3,061 O
13-Jan-22 14:48:57 29.895 1,800 Buy* 29.50 30.00 538.11 O
13-Jan-22 14:50:11 30.03 950,000 Unknown* 29.00 29.50 285.29k O
So chances are 99.9% a Buy, so a slight premium.
GLA
OilBabe - exactly - 'don't want to be out of it do I'
No you don't, imagine if a red dot appeared and someone listened to the derampers hoping it goes to 20p, and they announced a take over or some other good news increasing the sp - you would be more than kicking yourself!!
I'd rather be negative territory knowing I'm in it, rather than be out and miss out on the biggest opportunity to make some money for myself and my family!
Things like this don't happen very often, why risk it just for a few pence - just think of what you could get eventually - if that doesn't make you smile, nothing will!
GLA
I believe the CPR would be completed imminently, wouldn't be surprised if it was done already, they have known about this discovery for months, and to ensure you have the ammunition for a possible sale/farm out, you'd get this done asap to prove what you're saying is true, otherwsie why wait 3/4 months and then anoucnce it?
I'm holding regardless, can't see why anyone would sell at these levels (I'm just about even after 12 months adding and holding!) - doesn't make sense with all that is known and not even know, either way we will be rewarded in time, just a little bit of patience. We've waited this long another few weeks/months with various news due will not do any harm, we all want to make money sooner rather than later.
Still unbelievably undervalued, yes you will get profit takers and red days, but overall it will go up.
Theres always light at the end of the tunnel, it's what gets me through.
GLA
Oh, thanks HFB, in that case, serves them right!
I'm finally in the blue, its been a hard few months, but most of us saw the light at the end of the tunnel, this is just the beginning. long way to go, unless we get bought out, which in one way is good, then we dont have to endure the last 6 months again!
GLA