04 Apr 2022
The growing pains still impact the big picture
Last week COPL provided its 2021 full year results. Apart from some one-offs and increased capex, we see the results in line with our estimates. However, it is unlikely that the 2021 results caught the market’s attention on Friday, but rather the fact that the company still needs to resolve some of its growing pains before it can further grow its production. Furthermore, as highlighted in the going concern statement, an ‘untidy’ default event at the end of 2021 (which has since been resolved) wa ....
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The growing pains still impact the big picture
Canadian Overseas Petroleum Limited (COPL:LON) | 0 0 0.0% | Mkt Cap: 0.60m
- Published:
04 Apr 2022 -
Author:
Dragan Trajkov -
Pages:
3
Last week COPL provided its 2021 full year results. Apart from some one-offs and increased capex, we see the results in line with our estimates. However, it is unlikely that the 2021 results caught the market’s attention on Friday, but rather the fact that the company still needs to resolve some of its growing pains before it can further grow its production. Furthermore, as highlighted in the going concern statement, an ‘untidy’ default event at the end of 2021 (which has since been resolved) wa ....