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Canadian Overseas Petroleum Ltd and the Charlatan in Charge

By Lucian Miers | Thursday 14 April 2022

Disclosure: The author has a short position in one or more of the shares mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

In response to some dynamite exposes on Shareprophets about Canadian Overseas Petroleum Limited (COPL), the company released a bizarre RNS in which the sole executive, Arthur Millholland, dismissed his critics, mainly Tom Winnifrith, as snake oil salesmen and expressed “renewed confidence” about the future. Pots and kettles spring to mind here when Millholland’s track record is taken into consideration.

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