The London Stock Exchange’s Alternative Investment Market (AIM) has listed Canadian Overseas Petroleum Limited under the ticker symbol COPL. As of this post, the COPL Share Price currently stands at 5.38 GBp, which went 5.29% from its opening price of 5.88 GBp.
As of September 2021, COPL had a market capitalization of approximately £39 million. However, it’s important to note that stock prices and other financial information fluctuate rapidly. Therefore, this may be subject to market conditions, economic trends, and company-specific news and events.
Brief Background on COPL
Canadian Overseas Petroleum Limited (COPL) is an international company focusing on oil and gas exploration and development in West Africa. Here is a brief overview of its history:
- COPL was incorporated in 2006 in Canada.
- In 2013, COPL acquired 50% of the shares of a Nigerian oil and gas exploration company. This interested it in four offshore oil and gas blocks in Nigeria.
- In 2016, COPL acquired the remaining 50% interest in the Nigerian company. This gave it full ownership of the four offshore blocks.
- In 2017, COPL announced that it had agreed with ExxonMobil to acquire an interest in three exploration licenses in Liberia.
- In 2018, COPL completed the acquisition of the Liberia licenses. In addition, they began planning for exploration drilling activities in the area.
- In 2019, COPL entered a strategic alliance with ShoreCan, -a Canadian mining company Shoreline Energy subsidiary. This was done to pursue oil and gas opportunities in Nigeria and other West African countries.
- In 2020, COPL announced a farm-out agreement with its joint venture partner in Nigeria. Thus, it can fund its share of drilling activities in the offshore blocks.
COPL has faced challenges and setbacks throughout its history, but it has also progressed in advancing its exploration and development activities in West Africa.
Advantages of Investing in COPL
Advantages of investing in COPL could include:
- Diversification. Investing in COPL could diversify an investor’s portfolio, primarily if the investor seeks exposure to the energy sector and international markets.
- Growth potential. As a relatively small and young company, COPL has the potential for growth as it continues to explore and develop its offshore oil and gas assets in West Africa.
- Strategic partnerships. COPL has formed strategic partnerships with other companies in the oil and gas industry, which could provide access to resources and expertise that could help it advance its exploration and development activities.
- Positive industry outlook. The global energy demand continues to increase, which could provide opportunities for companies like COPL that are involved in the exploration and production of oil and gas.
Risks of Investing in COPL
- Volatility. The stock price of a company like COPL can be volatile and subject to fluctuations based on various factors, such as oil and gas prices, geopolitical events, and regulatory changes.
- Exploration and development risks. The oil and gas industry involves exploration and development activities that can be costly and uncertain. As a result, there is no guarantee that COPL will successfully discover and produce oil and gas in its offshore blocks.
- Currency risk. As a Canadian company with assets in Nigeria and Liberia, COPL is exposed to currency risk, which could impact its financial results.
- Financial risks. COPL has a history of losses and negative cash flows, and there is no guarantee that it will be able to generate positive earnings or cash flows in the future.
