Member Info for Krakenoil

Enjoy the holiday Jan, see you when things are looking far better than they are now
60p soon

Mr Sunak oil has now returned to normal pre war prices, When are you lifting the WT ?

Previous recessions have seen demand fall by 1.5%, Less than the supply shortfall we currently have.
How is oil going back down the $65 as Citi back says is possible .... Noise that's all !
Unless we all get locked down again

They are already talking about Covid restrictions again FFS

Bit like saying oil at $0 who would sell it for nothing - No one

Spin Pump prices are the problem not the oil price, Blaming oil prices are just a excuse for our terrible governments failure over their silly green targets. Why get rid of our ability to refine fuel in this country to reduce the carbon foot print and then import the fuel from another country. that just makes it worse surely due to shipping it.
What a joke !
Open up the refineries and limit the TAX income on fuel prices.
Give incentives to north sea gas suppliers so we don't relay on other countries for that either.
Get Boris out while were at it.

Spin, Enquest is making big money, the SP movement is a opportunity to buy cheap, can it go lower defo but can it go much higher defo, will fundamentals eventually drive the SP valuation 100%
Get this year's revenue banked is key to our re rate

Chilting I asked the question at the AGM and AB said they have had offers for it but we are going to keep it... with a smile on his face ! So by that Enquest must have plans to use it somewhere

Romaron, When I asked the question about the EP the answer was yes we have had bids for it but we are keeping it ! Basically Enquest have a plan for it and that has to be Bentley or Brassay or a tie in to both.
EP needs to earn its keep and pay back its original investment costs.
Buy the dips and dont let this opportunity go

Regarding the fall over the last 5 weeks, I don't think its the WT that has driven the sell off as if you over lay most of the oillies including the US ones the pattern is the same, they have all fallen around 40% from the highs in May.
All still making huge FCF and all will soon be paying out large Shareholder returns
The market won't ignore that and the SP's will return to following fundamentals in valuing the returns.
I still think we we hit 50p by year end

So basically he will point the finger at anyone else other than himself due to his obsessions with going green to early and his extra ordinary TAX slapped on pump fuel and of course energy bills.
This government is the worse we have had in 35 years, lies, deceit, corruption, parties and even hiding in fridges to avoid answering questions.

Chilting the government will have to define the oil price where they remove the Levy (normal price is unacceptable)
Oil prices from February 2005 have ranged between $30 - $148 So at $110 are we not still in that normal range ?

EnQuest’s bank account is looking rather swollen
Unlike my wallet

Ammu If the war ends that would bring stability back to Europe and I would imagin the markets will rally

Happened over Brexit, Covid and now recession fear
All bounced back so just buy the dips , I bet Buffet is filling his boots right now

The whole market is in panic sell mode, The US even worse

These markets have slapped me badly but its only profit I'm losing
3 months time this will sort its self out and we'll see mid 30's again.
This is what happens when you have the Bots in the driving seat.

Jeffrey, The market is in pure panic mode, bots are selling everything off as fast as they can.
Great opportunity if you get in somewhere near the bottom.

Ammu I'm not surprised you haven't got anything to sell you idiot

The world has gone mad
This is ridiculous !