Member Info for wookieemonster

Happy belated birthday Panamabob from me also

I Dare not trade this either, which makes the sea saw so much harder to watch, but the general nice vibes on here is great and really enjoying the overall balance of posts :)

Must say, things feel a little different this time round, very happy to see some good buys and consistent upwards pressure, we have much news to come on multiple fronts.

Best of luck to all here, especially those who’ve stood by COPL through thick and thin.

It is expected, it’s overdue and still a rubbish valuation.

HFB mentioned earlier let’s break 40 and get out of this perpetual traders ping pong. It drops to low 30s and then suddenly everyone starts coming out of the woodwork getting excited it’s back to where it was a few days ago..

Over and over and over again. Trader delight long termers sh*te.

I’m more chill than putins winter pants shousty :) it’s beers, Not tears here, just patiently frustrated tis all. Same ol same ol. You know me :)

Now look here. This WTI price, cuda, atomic production and cpr awaiting to confirm a ridiculous amount of light crude vital to a ever demanding and fragile global economy is getting rather bloody silly.

Atomic = £1+ something already alone.
Cuda, cpr/1.9bn, Nigeria etc = a lot lot more.

This is a total, total joke. If this Russia thing escalates or not, If WTI sinks 50% we should be still be, at least £1.50.

But let’s look at the current global situation, ok. Done. Ok…
Well this is either has to finally start it’s rerate or it’s a cheap buyout at around £3-£5.

Ignoring cuda completely and if we ramp up production ( easy immediate target of 5000 - 7000bopd and cpr confirms new resources then we should really be talking £10+ figures this year.

Why the hell are we 33p!!!!!!!! If the market is truly valuing us on just our current production figures then it’s a silly silly market indeed or it’s all lies lies lies.

Thirty three pence indeed. Nonsense.

A nice rise.. but once again back where we where just a few days ago, still, considering general market it’s done ok.

Nothing to get excited about yet.

Glad to see this holding ground against the tide

The copl telegram group is one of the worst.

Well As expected Iron. Always sellers in times of waiting. Driven by short term traders being reactive.

It’s sort of strange because actually in times of unrest securing key resource assets, especially those with increasing values, should be sought after.

We just need to to update the market properly and make it clear.

Indeed. “ Veteran strategist David Roche has predicted that oil prices will "certainly" hit $120 a barrel, and the global economy will be "radically altered" if Russia invades Ukraine”

But it seems, so far, that the price of oil has no effect at all on our assets..

Bless you Albert, bless you.

He did make a recent share purchase Bob and disclosed a massive discovery awaiting confirmation, in timeline terms that wasn’t that long ago, it’s only as ppl seem to watch everyday it seems slower between updates but in reality it’s not been bad?

With nearly 200,000 troops taking offensive positions, attack helicopters, bridge construction, field hospitals, missile sites, increased rebel activity, nuclear submarines, bombers taking positions and mass evacuations one wouldn’t be wrong in assuming such a thing. Let’s hope not for all our sakes.

A cornered animal fights fiercest.

Nigeria would catch us all out! Be great if it happened, very much hoping for an exciting few weeks ahead!

If possible the cpr and cuda news would be great before Q4 shaa for sure. Very delicate times and never been more important to be strategic with news flow.

We are long long overdue a correction here. As you mentioned earlier so little priced in currently.

If we know one thing about Russia is that they won’t want to appear weak or let the west be the ones that deter them. Putins personality alone would not let Nato or the states think they had won against him.

A withdrawal will be on Putins terms only imo. It’s very likely he will make a move of some sort in the next week.

It would be unwise to underestimate Russia. They are on very good terms with China and no fools, they would have accounted for sanctions and budget long before they moved their troops. The market reacts badly and instinctively to world events so even if unwarranted can pull a share down or up.

The general market will be twitchy. If you hold long such things won’t bother you.

I remember how bleak HUR was sub 1p after dropping down now it’s around 8p.

We will have our time.

Steve I’ve had this conversation many times, and in the trade, as well as on good terms with some oil brokers who are seriously in-depth on global markets and demand.

If anything with climate change will remove well over half the planets oil infrastructure with sea level rises of only 0.5 - 1m… that alone is a very real near term threat to production levels.

It is easy also to forget our privileges as 1st world countries. We are a minority. And 3rd world demand will increase dramatically.

The transition to full green, and leaving petrochemicals for domestic products only, required for more everyday items than you could imagine, will be, very likely decades to reach all going well.

There are other factors on the board such as human depopulation due to war and disease including a very real threat of water a war which is already starting but many know nothing about, there are multiple doomsday threats far more concerning than a near term withdrawal from O&G but you just can’t include in any acceptable forecasting.

May be wrong but we could actually be looking at perhaps the last great oil boom over the next 10 years. As we start to loose key zones of production, see an ever hungry market grabbing what they can to fund a transition to greener energy.

There is a desire for greener investment and rightly so, but the honest truth imo is that it will be a good few years minimum before that sort of thing needs to be worried about.

Certainly is a strange one. There was a whiff of hope but now it looks like like it was a whiff of guff.