Member Info for Krakenoil

Looks like another yearly low coming

Its said to be minimum of 500k

Saudi must have buckled towards Biden's blackmailing tactics.

Gone through support now at 82 and still falling.
Surely this is way oversold

2 weeks ago Brent hit 100
This volatility is killing the sector.

Brent sitting bang on support, Fall through that and we could see 76
I don't understand why Opec are pushing down prices again

Brent now $83 :-o

Don't you keep up to date on the news at it happens then ?

Saudi just announced it will raise oil production
WTF !

FFS !

Oil price don't look to happy today with all this doom and gloom

Lets see if the buy backs lift the price this afternoon
Couple of large buys going through

Goldman Sachs cuts Harbour Energy price target to 500 (710) pence - 'buy'
Thats 56% higher than where the price is now, So they are saying buy buy buy

This morning JP Morgan reiterated their Brent target hitting $120 next year

Don't be silly, look and Enquest fundamentals, How on Gods earth their Market cap is just £430m compared to other mid cap oillies, its a joke ! Their FCF will way exceed their Market cap this year. Thats just wrong

HBR hasn't been hit the hardest, Enquest have been hit far harder

Blame this terrible government

I want to know if part of our debt is classed as deductible due to these funds being used to purchase machinery etc on producing assets ? Surely when you need to purchase new generators etc that is classed as operational cost. We have had a lot of that sort of thing over the past 5 years.

We need to start buybacks boll ox to the target of 0.5

Lets hope we have seen the bottom of this sell off and the SP recovers next week.
Bit of luck with HBR its nicely green