Unsophisticated Investors
1,223 views11/11/2022
With the deadline for an RBL creeping into vision, it's time to face the facts for Canada Oil.
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| 00:00 - 00:03 | There's a billion barrels, |
| 00:04 - 00:05 | probably even 2 billion |
| 00:05 - 00:07 | barrels of oil on our land. |
| 00:08 - 00:12 | But we're fast running out of money |
| 00:12 - 00:15 | and rumours of Exxon's interest are exaggerated. |
| 00:17 - 00:19 | We've begun emergency flaring, |
| 00:19 - 00:21 | and the field is performing better than expected. |
| 00:24 - 00:26 | Fuhrer.... |
| 00:27 - 00:28 | The miscible flood... |
| 00:31 - 00:33 | ....has caused a wax build up, |
| 00:34 - 00:36 | and we cant find any new casings to drill the Fed Deep. |
| 00:53 - 00:58 | If any of you think i'm bankrupting a 2nd oil company, leave now. |
| 01:13 - 01:15 | We can't get hold of casings! |
| 01:15 - 01:17 | I told them we'd booked a drill rig! |
| 01:18 - 01:23 | Contracted to work through the winter. |
| 01:25 - 01:28 | And today i find out from Ryan Gaffney |
| 01:29 - 01:31 | theres no sodding RBL.... |
| 01:31 - 01:34 | ..and the only way out of this mess is a JV |
| 01:34 - 01:37 | with Exxon or Continental, |
| 01:37 - 01:40 | after i've told everyone i could do this alone. |
| 01:40 - 01:42 | We don't we raise money via another placing? |
| 01:42 - 01:46 | Our share price is in the toilet! It's barely above 13p. |
| 01:46 - 01:48 | Lloyd says he's spoken to Exxon's CEO.. |
| 01:48 - 01:52 | Lloyd hasn't spoken to anyone.. |
| 01:53 - 01:54 | ..he's talking out his arse. |
| 01:56 - 01:57 | He told me to get into CLON |
| 01:57 - 02:00 | before that duster in Australia, |
| 02:00 - 02:03 | saying the CEO had emailed him directly. |
| 02:04 - 02:08 | and before that i was ramped into BOIL by Robbie |
| 02:08 - 02:13 | as he said he was holding for years...... |
| 02:14 - 02:16 | ...and he sold out on the spike! |
| 02:17 - 02:21 | It's down 50% in just a few days, |
| 02:27 - 02:29 | and now he's going around saying there's a placing. |
| 02:30 - 02:34 | Why did i believe him? |
| 02:34 - 02:36 | Because i fall in love with stocks, that's why. |
| 02:41 - 02:42 | They've got 5 TCF in Chudditch alone, |
| 02:43 - 02:47 | and that's before you even take into consideration |
| 02:48 - 02:53 | the 3D scans from Dunrobin, for goodness sake. |
| 02:54 - 02:56 | So why are they only £25m Mcap? |
| 02:56 - 02:59 | Because Robbie's Whale penis... |
| 03:00 - 03:02 | spunked all the liquidity out of it that's why. |
| 03:04 - 03:07 | Didn't you follow Robbie into ANGS? |
| 03:14 - 03:16 | I need to get out of oil stocks. |
| 03:19 - 03:23 | ...have you guys heard about Tintra? |
| 03:25 - 03:26 | They're raising at a premium! |
| 03:31 - 03:33 | ..and they're going to be dual listed in the USA. |
| 03:40 - 03:46 | I have no idea whether to hold or sell on the news |
| 03:46 - 03:49 | ...i'm crippled by indecision. |
| 03:53 - 03:56 | Get Lloyd on the phone. |