Member Info for Krakenoil

Mark999999 Nothing has changed apart from a bounce in the SP but fundamentals are fact and yes ENQ looks far better on paper than Tullow but no one wants to own them - Just how it is.
Markets are a weird place and Enquest has been a terrible stock to own.

No way are we going to get positive read on results RNS, look what happened after we stated a fcf of over $500m - SP tanked 12 %.
The only way we are going to see a improving SP is to start a large buy back programme and Im not holding my breath for that. AB could let the SP dwindle down buy up enough stock to force a private takeover and then start SH returns

The BOD could have introduced buybacks but have opted not to, we got a lifeline of higher oil prices, then lasted a couple of months before having it taken away.
We have been badly punished for a war we never started, 6 year sentence for a price spike that lasted 30 days that we did not benefit from as the hedges in place took it.
Who got the windfall ?
Because It wasn't bloody us !

And that warrants a 5% drop for us ?
We have nothing positive left to offer, doesn’t look like the company will now introduce shareholder returns this year and next year looks even worse.
We have been royally screwed over by this vile government.
I just don’t see a way out of this unless Hunt surprises us with amendments to the EPL and there is probably more chance Romaron putting on an orange jacket and throwing paint over a Ferrari dealership.
I think our results will read the same way HBR’s did.

We always seem to be the hardest hit as usual

This ain’t good !

Ugly out there today.

It’s EnQuest energy- not us

When jobs start being lost and our North sea production starts declining and the TAX income starts disappearing then they will have to change stance. Yes lets TAX it to death - so they all leave the UK -Great policy that
How bloody stupid are they ?

All North sea producers can fight back by leaving the UK. When Jobs start the

This government can't let the investment go elsewhere, ultimately their job is to make the UK attractive to investors and in turn create jobs, doing the complete opposite is a very dangerous objective.
The public really are stupid for listening to lying brainwashing politicians/ Media.
Carry on down this road and we all lose

So now what do they do with the incoming backlash ?

Seems like Linda is sending a very clear message to the U.K. government
I’m sure the media will be all over this.
Deferring the Tax until 2024 using the cash to invest the money away from the U.K.
I’m not surprised! Well done Linda

You’re have the chance to sell at 20p soon as well

Tullow is now a debt Zombie.
I'd take my money and run while you still have some left to take.

They look like a basket case to me. They are treading water in a storm and its only a matter of time.

And I though ours was poor, Tullow looks terrible and that debt looks like its never going away.
How they have a higher EV than us I don't know.

The trouble is now Tullow will never be able to pay off the Debt. $1.8b outstanding with high interest cost.
It looks over to me !

Don't hold your breath for the chancellor to re think his stance towards oil and gas producers next week, he's more likely to hit them even harder the idiot.
I think we are going to have to see massive job cuts and more oillies exiting the North sea before he has to back down. I think he would rather cut his own arm off rather than have egg on his face.

We ain't going anywhere until the 15th when Hunt announces his Socialist spring budget
I can't see him backing down on the WFT - He will defend it and most likely attack the Majors even harder.
He wont give a shi t that his actions are killing off our North sea energy security along with a largepart of pension fund income.