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Canadian Overseas Petroleum: the definition of madness

By Tom Winnifrith | Monday 15 January 2024

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.

A few weeks ago I went out for a few drinks with a couple of pals including “Chemtrails Dave” who has one or two odd views. I am prepared to accept that Michelle Obama is a man and that the Clinton crime family have all of their critics and whistleblowers suicided but after a couple of pints we got on to the 1969 moon landings and Chemtrails said “anyone who thinks they actually happened is mad.” But they did happen didn’t they? Said I. At which point he laughed. When I got home I asked “but the did happen didn’t they?” And I was reassured. Of course they did. And that brings us to Canadian Overseas Petroleum (COPL) shares in which were up by 50% at one point this morning.
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