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Let’s face it, if we don’t find out in a couple of weeks then we ain’t drilling in January so DD is either done and contracts being signed or he is stringing us along
Have you ever seen a share price that only goes in 1 direction? There is your answer.
We're currently in a holding pattern as far as the SP goes while we wait for news. Therefore the share will drift up and down on no news. Try looking at the COPL chart and you'll see that it goes up as well as down
In terms of the COPL trading chart the 50 day moving average is still our friend. It bounced off that at 8.15am this morning. The 50 day average is now on an incline for the first time in 6 months (LOL) so as long as we stay over 15p the chart is still validated and we'll be heading into a tight trading range over the next month. Then it is BOOM or bust depending on the news we get on JV/RBL
Some great stuff in there. Though get the feeling Art is saying don’t get to excited about September / October production figures because it will be a couple of months before the taps get properly turned on
Oh the de-rampers will be here in force come 7.01am Monday if there is no RNS.
I emailed Art on Friday asking for an update but got nothing. I've only emailed him twice before and both times got a reply within a couple of hours. Read into that what you want i.e. either so market sensitive that the wheels will get blown off on Monday or we'll need to wait a few more weeks
16.4p then it drops like a stone. Sounds like what happens when I buy a share.
Strong volume shelf at 16p on the 5 minute chart so that should support us while the SP recharges for another crack
Earl - that is absolute BS
Yes, charts are looking great and even on just production figures we will rise. We'll only get 25p + on news - nothing to do with charts and there is nothing in the chart that says that.
I'm all for people being positive and it beats the de-rampers that post is for you to just ramp with the view of selling into the news
XOP opened up at16p but now trading around 15.7p so guess any RNS leak has not hit our North American friends
For those that love charts aka me, this little afternoon run has put COPL on a RBB set up . RBB = Rounded bottom breakout.
All 9 indicators for a RBB are flashing green and there is a 40% upside from the current SP to the 200 moving average, currently sitting at 22p. Though resistance will hit at 17.6p which is the dotted deuce line
In other words - get your money in NOW . Well tomorrow, because the markets are closed now
You wish - I sold out last Friday at 57p after buying in at 42p. I am a chartist at the stochastic went on the downside. Simple maths my friend. You should try it
Glad I got out in the late 50's. Will re-enter when it hits the 50 day moving average
I'm sure there will be a good upside but short term volotility
Looks like the 50 day moving average will hopefully be our saviour in terms of the downtrend. Currently sitting at 14.5 and just bounced off there earlier.
Doesn't seem to be any other positive indicators other than the 50 day average is bottoming out so if/when that starts its incline we can hopefully move
Come on Art FFS
How do you make a 400% gain? Even if your average was 0.08 and you sold at 0.32, that is a 300% gain.
Trading the rest
Amazing how sentiment has changed and it’s not even the usual suspects. Even Fish is ramping the share tonight (unicorns and all that).
On Tuesday everyone was wax lyracing about how professional we were in the hearing, getting to hear about what COPL have been doing etc and getting the flaring approval to finally get up to 2000 BOPD.
A few days later and all doom and gloom again. I take it most people don’t actually look at trading charts. If you did you would have seen the technical analysis showed we were well over bought having gone up 20% in 2 weeks so it was always going to go down. This share will only re rate on hard number so when we see 60k barrels / month and we are making money then we will re rate.
I don’t have faith that an RBL or JV is coming this year as Art is a serial liar. Are they in discussions , probably yes. Are they close to any agreements I doubt very much. The world is going to **** at the moment which will make these discussions much harder than in normal times so probably not all Art’s fault .
Anyway I am keeping the faith, keeping a core holding and reading the rest
This is not anything new. All it means is that you haven’t bought any COPL shares for a long time as it has been a requirement to fill that form out to buy COPL shares for at least 18 months ;) it is also not HL specific as AJ Bell require it also. at least we get to know who the very long term holders of this share are as the rule must have not been in place pre Atomic .
I don't have a message. I signed the W-8BEN form in April 2021 so I have 3 years from that date. I presume yours was just up for renewal?
It will drop, but it will be significantly higher than it is today. Good luck getting back in after selling your shares too low
Thanks Bladderman - thought I must have missed something
Very professionally executed and for all Art's PR failing it clearly showed he has been doing a lot of work and spent a lot of money to get where we are today.
Looking forward to the extra revenue and bump in SP.
Not sure if I read it wrong, but the oil forecast seemed to only be around 3000 BOPD by end of next year - but hard to know as the graph was on a logarithmic scale. Hopefully it is a pessimistic forecast that doesn't take into account the de-waxing etc