Member Info for Krakenoil

Up 3.5% and we are in the red lol
Come on Mr MM you've had your fun is getting a bit boring now.

Buy the dips

A few larger buys showing up around 25p this afternoon, Have we seen the bottom yet is the question.
I think we have.

Another AB buy today Yes or no ?
Surely its to good to miss

Jan, Enjoy the holiday, If the markets return to normality and fundamentals used again in valuing oil stocks we should be 60p end of year, so hopefully when you return we will be over half way there

Honestly, My premises is on a large Industrial site with 50 odd units and every single one of the businesses are flat out, the engineering companies we work for are up to their necks with work, the technical engineers are flat out designing work for the next 5 years and can't get through the workloads.
How the hell can the media say we are heading into recession ?
I don't believe a word of it.
Buy the dips - that's what these shysters are doing whilst peddling negativity

The media are painting a massive picture of doom and gloom currently, but everyone I know are flat out with more work than they can handle, Honestly I don't know anyone that that's suffering work shortages. Most need more staff but can't get anyone.
I don't see recession worries at all. Supply issues are the problem currently.
DOOM and gloom is the time to buy before the media spin it around !

Chilting are you saying 7 months of high FCF adding approx $460m to the bank balance adds zero value comparing to the years low of December 2021 with Brent at $68. That makes no sense !

The drop just doesn’t stop.
Almost back to where I Sold out in Feb 2020
Fundamentals don’t count any longer
The woke are certainly running the show

Mr MM looks like he's going to take us down to Barclay's target of 23p.
Oh well, sit back and wait ...........again !
H1 completes next week and it will be our best 6 months to date !
Barclays will adjust that low ball target once the figures are exposed

I think oil at $120 is fine, that's not expensive, all commodities rise with inflation and that must include oil, the only thing at the moment that's causing the big problem is the amount of tax slapped on pump prices,
cost of a litre of Petrol currently is approx 98p the rest is Tax and VAT
The government is our problem

Totally agree Epip, great balanced post

Ammu can you give us detail on how you are coming up with a valuation of 16p please.

Have a look at Tarmak's spread sheet and tell us where you think the difference is ?
I don't expect a reply as you probably have never seen one or even understand how to read it.
Plank

Always does in the end

Our current SP is priced lower now than when Brent was in the 70's and we were at risk of going pop.
Buying opportunities currently just don't be fooled into thinking you'll get a cheaper price, usually blink and you've been left behind.
AB doesn't think the SP is going lower

EnQuest stated that the oil sector will need to be self funding in the future as the available credit facilities are shrinking and lenders want far higher interest rates on their money.
Another 12 months and EnQuest will be debt free so not to much of a problem for us once we get this year out of the way and the FCF banked.
European oil stocks still being seen as the sector not to invest in as its destroying the world
But once the money starts flowing into shareholders pockets they will come running back, greed will take over
Our 60p party is still on for Christmas.

RS will have to make exceptions to this TA X levy to keep everyone happy and keep investment from going elsewhere

Green finish ? Who knows

Lets riot, smash the place up and block the train lines in protest.
Works for the great unwashed !

Brent at $110
FCF around $700m
And a market cap priced like we are going bust
Wtf !