Member Info for Krakenoil

The message from Enquest was "Yes we are considering shareholder returns but we have no idea when that will be." could be next year, the year after or maybe the year after that if we have any production left who knows !
James is going to have a field day writing up his next broker note.

What f*cking dividends ?

Seemed like this was deliberately negatively written by EnQuest for some reason.
It sounded to me like a company that's given up
Why did AB buy £5m worth of stock at 20.6p ?
Maybe AB is aiming to drive the SP down to take the company private.
We have been robbed !

The market will punish us again.
Same as it always does after every TU even the good ones.

We invested our hard earned, The government getting our dividends and we get FA
What a P155 take

FCF higher than our market cap

Not a great read is it. Unable to clear the debt this year either, no shareholder returns and declining production
******!
At least we’re going green

https://www.instagram.com/reel/CoAGXMWgnSm/?igshid=MDJmNzVkMjY=

BTF - Just love your boasting and deservedly so, you've earned a small fortune ! You should change your name to "The Wolf of Wall Street".

Jeffrey I’m patiently waiting for shareholder returns, you could have sold out in April last year, plenty of time above 30p with plenty of volume

We don’t really need $100 oil high 80’s is fine until the economy recovers then $100 would be fine.
All we need is $200m buy back program to start.

Massive build
Crude: +10.507M
Cushing: +1.954M
Gasoline: +0.846M
Distillates: +1.728M

Anyone reading the posts needs to understand to take no notice of what QFO posts, he or she is just a simple troll that has nothing better to do

That’s why they have reserve’s isn’t it? Never say never.
The US produce 12m a day, they consume 20m and half of that production needs blending with different grades.
QFO - always pushing the glass is half empty, strange for a so called investor don’t you think

The us reserves are sitting around just 50 days of gross oil consumption if anything were to happen to their imports.
They say that's nowhere near enough.

Morning Jan, exactly what I was thinking, he is being pressured to refill the SPR but stating he will start buying oil at 70 gives Opec a price floor to lower output if required to stop him doing it.
He’s getting quite a bit of stick for announcing another 26m barrels to be sold.
He’s obviously doing that after Russia announced they will be dropping production by 500k
Demand is going to out strip supply later this year that’s for certain

US TO SELL 26 MILLION MORE BARRELS FROM STRATEGIC CRUDE RESERVE
*NEW US STRATEGIC CRUDE OIL SALES WERE MANDATED BY CONGRESS
*DELIVERY FOR NEW US SPR SALES EXPECTED BETWEEN APRIL AND JUNE

Breaking - EnQuest Plc to announce 9p dividend !

Would be very nice wouldn't it lol

The other thing that’s damaging supply is increasing costs of production.

OPEC SECRETARY-GENERAL AL GHAIS: OIL DEMAND IS EXPECTED TO CLIMB FURTHER, REACHING 110 MILLION BARRELS PER DAY BY 2025.