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Canadian Overseas – the slide into the 3s: this is what happens when a death spiral meets slumping liquidity

By Tom Winnifrith | Tuesday 13 June 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.


I mentioned this in yesterday’s bearcast but when a company’s market cap and the liquidity in its shares slumps, a company facing a death spiral can find itself in an increasingly vicious circle impoverishing its poor shareholders. When, to much abuse, I first explained last year what a complete dog was Canadian Overseas Petroleum (COPL) its shares were 25p. The shares are now just 3.75p to sell.

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