Member Info for SteveV

I can kinda see their point. L2 data is premium (paid for) data.
Regardless of where you obtain it from, persistent posting of it for the benefit of others for free on a site that charges for it is not going to go down too well with them.
Bit like giving apples away for free outside someones' fruit shop !!!

Has anyone got any thoughts on how many bopd do we currently need to get cash flow positive.

Once we are generating a surplus things should change dramatically for the better.

Indeed. All imminent news has been clearly laid out in the public domain. RBL in progress and dated. Increased production. timeline for drilling the big find. Art could announce progress of any of these anytime.(but I think it will be a month yet))

I wonder if we may see a sharp change in trend soon in the appetite for investing in oil stocks.
Will the recent lack of investment into oil reserves by oil companies, and a lot of investors divesting their stakes in oilers
show a dramatic reverse as the penny drops that there is still big money to be made here as the oil industry will be with us for many decades yet. Producing companies with large reserves will be desirable for the forseable.

Art123, the hedge was a requirement for the previous loans.

The RBL being negotiated now is to pay off those loans with a less onerous one. The old hedges will be gone then. However the new lender will probably also want some kind of hedge as part of the RBL. Our CFO said so in the last investor meeting. However the new hedge will no doubt reflect current oil prices.

It is the increase in production and RBL we are waiting for which is already in the public domain, so I don't think Art's buy would preclude him from confirming either. But then they may both take longer than 30 days anyway.

"Death spiral financing is the result of a badly structured convertible financing used to fund primarily small cap companies in the marketplace, causing the company's stock to fall dramatically, which can lead to the company's ultimate downfall."

Yes, BUT COPL's are NOT badly structured.

A conventional convertible bond can be converted to a fixed number of shares. The type of bond that is called death spiral debt, however, converts into a fixed value paid in shares.
So in death spiral bonds the bond holder is probably shorting the stock. The price goes down and they convert at that SP and end up with even more shares. Then repeat. THAT is the spiral.

Well I am definitely no expert. Yes you are correct if you look at 15th Dec 2021 on the daily chart it took approx. 2 weeks to come out from below 30 on the RSI. But it did rebound very strongly after that. Also if you look at the full year daily chart the price usually rebounds quite quickly at other times if it dips across, or toys with, 30 on the RSI.

Hey Deejay. I was looking at the daily chart. RSI has just gone below 30. Pointing downwards !

Sounds like your an expert. What are you seeing?

If you look at the chart, we are technically oversold right now on the RSI. Should attract a few buys soon.

I think we are simply in holiday time doldrums. Trading volume relatively low. The traders and investors seem to be away.
Seems like the only ones left are a few shorters.
Hoping for a big bounce soon.!

It must be shorters driving the price down at these levels.

Surely no money to be made by the placees or warrants holders selling so low.

If it is shorters then we might be in for a substantial rebound when they finally exit.

It will be exciting to see what the new drills in the deep find achieve. 2000bpd would be amazing.
150 x 2000 potentially, over time. 300,000 bopd. Mind boggling.!!!

A lot of very good posts get lost when the whole thread is deleted because some poster ruins it by being disruptive/abusive.

The tit for tat ramper/deramper personal arguments I find very tiresome.

I much prefer well thought out reasoned posts and counter arguments to consider the pros and cons of the case for COPL success.

Being invested I am naturally hopeful of a good outcome for COPL shareholders. There are no guarantees by investing in high risk stocks but I do think we are turning a corner here and the future may well be rosy. Next few months will set the scene. Get production up, RBL, drilling the mega find. Could get quite exciting.

You would think if something majorly was going on xop would surely be reflecting it.
At 19:00 UK time Canada is at 22CAD = 14.25p
They got a couple of hours left.

You got to ignore Google at this time of day. It just looks at the last trade after hours and uses that.
I once saw a spurious tiny trade at a weird value and of no consequence , and google used that. It does this every day.

Very odd trades. This and the other 2

Is the SP about to go pop !!!

That was them closing, possibly.

Why was Arthur in London? Holiday, or private chats with II's.

Strange how the sp is moving this afternoon, a day later!

Does anyone know, now that CUDA is ours how many active wells COPL have and a questimate as to what we could potentially get out of them when pressure issues, waxing has been addressed. i.e. what our income COULD be before drilling anything new.