Investments and investor services
FTSE 100 holds modest gains as Dow starts slowly
Janet Yellen’s speech today on ‘The State of the Labor Market’ will be scrutinised for any additional Santa or Scrooge-like guidance on monetary policy.
Company
LON:COPL
Canadian Overseas Petroleum Limited is an oil and gas company, headquartered in Calgary, Canada. The company creates value through the acquisition, exploration, development and production of oil and natural gas reserves and holds interests in petroleum assets in the United States of America.
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Investments and investor services
Janet Yellen’s speech today on ‘The State of the Labor Market’ will be scrutinised for any additional Santa or Scrooge-like guidance on monetary policy.
“Mesurado-1 is a high impact well which could be potentially transformational for COPL," said analyst Craig Howie.
Exxon has started drilling the Mesurado-1 which has the potential to discover billions of barrels of oil offshore Liberia.
Shore Capital estimates the risked net asset value for COPL to be 21p – more than double the current share price.
“Mesurado-1 is a high impact well and ... we believe that the risks lie firmly on the upside for COPL.”
Medical imaging specialist Feedback saw sharply reduced losses and better-than-expected cash generation in the year to the end of May.
Exxon has confirmed drilling will start in Liberia next month.
Archive
The weekly round up of oil news from the world of Proactive.
COPL's 50%-owned affiliate Shorecan has completed the acquisition of an asset off the coast of NIgeria
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A round up of oil sector news from the world of Proactive.
Canadian Overseas Petroleum could find out as soon as late 2016 or early 2017 whether their share price is going to explode following a likely historic drilling off Liberia, according to analysts at Edison on Tuesday
A round up of all the oil related headlines from the world of Proactive.
COPL 's assets are worth up to four times the current market price suggests its new house broker
Archive
COPL’s exciting portfolio is focused on the offshore Cretaceous plays that have delivered so much exploration success across the deep water regions of West Africa in recent years
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Board change for Canada Overseas Petroleum, Independent Resources cuts debt and secures permit extension, and Premier Oil expects top end of expectations.
Aureus is working with consultants to remedy problems, Brady in line with expectations and a strong quarter for Kris Energy.
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A round up of all this week's mining news from Proactive.
The share placing supports COPL ahead of the Exxon operated exploration well offshore Liberia, as well as covering its share of costs for an appraisal and development joint venture in Nigeria.
The Footsie put on a late spurt to finish in the blue, as US stocks roused themselves after a sluggish start.
Shares dropped as crude prices fell, but Stagecoach provided interest