Spot on Coopec, as I have said before this is clearly being manipulated but don't want to point any fingers. Any runs above 40c are met with selling immediately. Last 30 minutes of trade (on a lot of days) sees share price being driven lower compared to levels usually trading that day. This happening for the past month or two.
Agree with Sturni on financials -
$50M+ (net) from Manora on current oil prices - this will just go up from now on imo
$25M from gas contracts
$10M this year repayment from NGP -> this will easily cover the cost over runs if validated
That is $85M this year alone. 33c/share.
Of course you have to subtract overhead costs and debt repayments, still I don't see any issue.
And last time I checked they still have $10M in cash.
I guess I am writing this to instill some peace of mind to nervous investors out there. I am already overweight on this stock so not buying anymore, although I was very close to be tempted today.
TAP Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
