Member Info for Krakenoil

Bouncing all over the place today, Just after open oil was up 1.5% then dropped to -2.5% and now on the way back up
Strange old day !
Again not helping us at all

What I find so annoying is the fact that we have out performed our most others in our sector over the past 3 years but we are always the one to take a far bigger punishment on market weakness.
What more does the market want from us ?

Chilting can you explain the FCF for 2022 of $300m and the lower $200 for 2023 ? We will exceed both combined this year alone !

I see a lot of people questioning the report on Twitter, specially the $75 oil price used !
I wonder if they used the same oil price on the rest of the oil producers reports
Strange don’t you think ?

Moody's has based its figures on worst case, around current hedges in place.
Gives us plenty of room to smash those figures. Only 9 weeks left this year to complete our best ever year to date.
Markets will like that ....... You would think !
Open up Bressay in 2024 to protect our decline rates for the next 5 years at least !

Should see a few broker upgrades to follow next week, not that it will make much of a difference at the moment

Lets just say they don't need to refill it but can they afford to keep draining it ?
I don't think so ! They need at least a few months of oil reserves just in case !
There isn't enough new oil to replace decline currently world wide and that's the problem !
Say decline rates are around 3% each year thats a lot of new oil to find, if not thats a lot of oil off the market !

Lots of speculation over where oil price will go once Biden's attempt on market manipulation finishes.
Some forecasting $10 rise some forecasting up to $30 rise
I think Opec will ease there cuts if oil prices exceed $100 but thats if they actually have any surplus supply left !

Stump I always please my customers with quality and price, I suppose that's why we are so busy.
I also please my wife but we won't go into that !

Not nice seeing your investments being attacked by the muppets in Westminster. :-(
The whole lot need clearing out, we need real proven leaders running our country but we will have to pay alot more than just the MP salaries they get now, No wonder they do Frack all and most have other jobs and are partial to corruption.
Hope calm returns to the markets before Christmas and Santa gives us a boost

Is that you Stump lol

Come on own up who's dumping chunky lumps

Brent looking for the next leg up as Biden's SPR attack comes to a finish.
Will we see $100 again as that ends ?

Romaron, what's your view on share buy backs or Dividends ? What do you think will drive the SP higher ?

Stumpy - I'm not a day trader !

Dividends or buy backs, which do you think would drive the SP up better ?

Stumpy I own quite a few shares with a average of 15p - Looks like I'm making a few quid but I'm always open to a free lesson on how to make money.
Go on then give me a lesson !

So you think our huge FCF and falling debt before the government slapped on a ridiculous WFT was still a negative.
We were 37p in May

Stumpy If the government hadn't used N/S producers as a scape goat then we would be thundering towards 50p by now.
I suggest you s0d off again.

Basically the government have demonised our loyal NS operators !
What a disgrace !
Bring back Guy Fawks !