Circle Oil Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:COP.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9657594 http://www.iii.co.uk/investment/detail?code=cotn:COP.L&display=discussion&id=9657594&action=detail Fri, 18 May 2012 10:20:00 GMT Boozey1 tag:iii.co.uk,2003:tst.9655448 http://www.iii.co.uk/investment/detail?code=cotn:COP.L&display=discussion&id=9655448&action=detail Thu, 17 May 2012 21:28:00 GMT Deepwildcatter tag:iii.co.uk,2003:tst.9650478
"During the first quarter the Company continued to progress its development and exploration programmes in Egypt, with operations unaffected by the ongoing political changes in the country and oil and gas sales receipts on schedule."

So, let's hope we get a bounce in the dismal sp. By Lupo di mare ]]> http://www.iii.co.uk/investment/detail?code=cotn:COP.L&display=discussion&id=9650478&action=detail Thu, 17 May 2012 06:46:00 GMT Lupo di mare tag:iii.co.uk,2003:tst.9632138 http://www.iii.co.uk/investment/detail?code=cotn:COP.L&display=discussion&id=9632138&action=detail Fri, 11 May 2012 14:49:00 GMT indolent tag:iii.co.uk,2003:tst.9631187 http://www.iii.co.uk/investment/detail?code=cotn:COP.L&display=discussion&id=9631187&action=detail Fri, 11 May 2012 11:24:00 GMT northwards tag:iii.co.uk,2003:tst.9630920
In addition there were no institutional presentations in March.

Let's hope for news soon. By Boozey1 ]]> http://www.iii.co.uk/investment/detail?code=cotn:COP.L&display=discussion&id=9630920&action=detail Fri, 11 May 2012 10:28:00 GMT Boozey1 tag:iii.co.uk,2003:tst.9624495
I have been beefing up my BHR (Beacon Hill Resources) after meeting the CEO. Who knows where all the shares are heading, but I have averaged down on several other positions this week. Kept the portfolio narrower. My departure was to stay off oil completely and I agree with you that Circle Oil has got future promise. I could see where brokers do get their high targets.i would not worry with the latest drop.

Certainly got pounded in all my long hold positions today but staying cool. My loss here was £41. My BPC gain was several hundred. You win some and lose some.

It could be a long summer for equities and many of us may go to the horse races and golf and not try to trade out of trouble. If one pulls out it is easy to miss the swing up again later. I am more an investor than any kind of trader. i think it will be wonderful by the autumn.

Tony












By tornadotony ]]> http://www.iii.co.uk/investment/detail?code=cotn:COP.L&display=discussion&id=9624495&action=detail Wed, 09 May 2012 20:11:00 GMT tornadotony tag:iii.co.uk,2003:tst.9621544 ---------------

Today may or may not be a bad day to get out but clearly yesterday wasn't. Talk about good timing. By indolent ]]> http://www.iii.co.uk/investment/detail?code=cotn:COP.L&display=discussion&id=9621544&action=detail Wed, 09 May 2012 10:39:00 GMT indolent tag:iii.co.uk,2003:tst.9621134
It has been a revolution after all but thankfully, has not turned into a Libya or Syria.

COP should emerge unscathed. And if you believe Fox-Davies valuations, should triple in the long term.
By polarityMan ]]> http://www.iii.co.uk/investment/detail?code=cotn:COP.L&display=discussion&id=9621134&action=detail Wed, 09 May 2012 09:50:00 GMT polarityMan tag:iii.co.uk,2003:tst.9615747
Good luck. Will probably now rocket upwards.

Tony By tornadotony ]]> http://www.iii.co.uk/investment/detail?code=cotn:COP.L&display=discussion&id=9615747&action=detail Tue, 08 May 2012 08:07:00 GMT tornadotony tag:iii.co.uk,2003:tst.9615035 http://www.iii.co.uk/investment/detail?code=cotn:COP.L&display=discussion&id=9615035&action=detail Mon, 07 May 2012 22:15:00 GMT peterboroughmatt tag:iii.co.uk,2003:tst.9614163 http://www.iii.co.uk/investment/detail?code=cotn:COP.L&display=discussion&id=9614163&action=detail Mon, 07 May 2012 13:46:00 GMT green.as1953 tag:iii.co.uk,2003:tst.9613092 http://www.iii.co.uk/investment/detail?code=cotn:COP.L&display=discussion&id=9613092&action=detail Sun, 06 May 2012 19:27:00 GMT Lupo di mare tag:iii.co.uk,2003:tst.9613049 ')" target="_blank" rel="nofollow">http://www.albawaba.com/business/egypt-natural-gas-debt-423925

By Deepwildcatter ]]> http://www.iii.co.uk/investment/detail?code=cotn:COP.L&display=discussion&id=9613049&action=detail Sun, 06 May 2012 18:58:00 GMT Deepwildcatter tag:iii.co.uk,2003:tst.9612182
From Egypt on the March figure of just over 8000 barrels a day the company would have a turnover of nearly 120M. I am not sure of their overheads but profit was 25% of revenue turnover roughly. If it was the same this year the profit would be an additional £20M on the £12M at least they had from Morrocco and any other income source. It would therefore be a future annual earnings of 5.68p per share during 2012. It therefore gives a forward earnings PE of 4.1 for 2012. So if the same PE as in 2011 were awarded it would give a target price of 69p for this share. Assume it was knocked down to 7 times PE with wider macro effects would give 39.6 p target. For it to remain at this price the hedge downwards on the oil price is probably $80 a barrel plus 10% higher pull out costs and keeping future PE at 7 or below.

My maths may be wrong and it will be interesting to see the annual accounts. Somehow I do not see oil going down that much and the market PE should improve eventually.

The 19p bottom price equates to all the Morrocco income and nothing from Egypt from what I could make out. This is a practically rock bottom buy price between 19-23p. With better market sentiment and stable oil price this should reach 38-39p at some point as growth in production is practically 80% from what I could make out.

Please correct me if anything above is wrong.

Tony


By tornadotony ]]> http://www.iii.co.uk/investment/detail?code=cotn:COP.L&display=discussion&id=9612182&action=detail Sat, 05 May 2012 21:21:00 GMT tornadotony