Agree with everything you say el.My only interest in COE now is...

Agree with everything you say el.
My only interest in COE now is whether it will indeed drop in price once the 30odd million extra shares come onto the market later this month.

With that quantity it is feasable that even if a small percentage decide to sell the price will fall enough for me to gain a cheap entry.

Today must have been a little dissapointing for COE holders. It was the only oiler on my watchlist that finished in the red, on an up day with oil futures up some $3 and a likely positive night on the dow coming up due to good old china.

COE is already cheap trading below cash value and may get cheaper still.
If it doesn't no big deal for me as I have found even better value elsewhere (in metals) to diversify a little away from oil.