Member Info for Krakenoil

AB should class all shareholders as consultants and asked them to Invoice the company for x amount of pence for each share owned, Leave the government with FA windfall tax .
Just saying !

The uncertainty caused by this disgraceful government has caused panic within the oil sector and I just don't see any good news or any reasons to attract investors to oil stocks. All we have left is hope that there will be some profits left to split between the SH's.
Imagin how AB is feeling about it !

We seem stuck again in a tight range from mid July, Not just us but most other oillies apart from BP that broke out around the same time.
Our EV is falling away with the debt when it should be increasing.

30p would be nice

My wife's parents moved about an hour away so not so easy to drop the kids on them !
He ain't silly ! lol

We are looking for a close above 31.5 . Possibly next week ?

The only wood I need is in the morning Jan ! Well Occasionally !

Spin, My mortgage has gone up, the guys working for me their mortgages have gone up… we all work a few more hours to pay it, no need to ask anyone for help !

I need a quid

I want to retire…. Well semi retire

The whole purpose of buy backs is to reduce the amount of shares so why would you wait for a more expensive SP ? At 25p the company could buy 4 shares per pound so why wait for the price to rise and only get say 2 or 3 shares per pound spent ? Doesn’t make any sense to me.

You need a combination of both to lift the SP otherwise buybacks alone will just help shareholders looking for returns exit and it doesn’t attract new shareholders. Dividends attract shareholders and buy backs underpin the SP during times of market weakness.
Like I said before £50m set aside for buybacks and a £100m dividend would be 10% return on a market cap of £1b
Easily affordable with FCF around $500m

That’s what we had expected to be honest, so looks like another 12 months of watching paint dry …. For me !

Haven’t had time to read through it but most importantly are there any restrictions on shareholder returns?

I’m happy to take high percentage Share holder returns
Use £50m for buy backs and £100m for dividends - that would push us straight to 60p

He now self identifies as a Donut

Ha ha ha

Left Kraken about an hour ago, heading south at 12knts, full of thick black gold

No wonder he's always moaning ! BTFATH Has got blue hair and wears a skirt !

Tiger - BTFAITH is busy at the moment gluing himself to the pavement !