Member Info for Krakenoil

We could be back in the 27's this afternoon or even the 28's. Oil prices have turned positive as well

The Pound has bounced off this morning lows and is now in the green.

Things change round so fast its difficult to see the wood through the trees.
Nothing has changed here and Opec have shown they want oil prices higher than where we are now, demand is strong and still currently outweighing supply albeit Biden desperately selling the SPR to lower oil prices, He is already receiving increased pressure over it as it will ultimately make things worse down the road.
SA are waiting patiently.
The WFT should have only been introduced to profits on gas production , I bet the government is getting a lot of stick over it.

I'm not good at trading shares, I always seem to get it wrong, So I changed my plan, I buy the dips increasing my stock in the hope that some time in the future the true value will be seen and I can either sell out of hold on for the D's
AB does the same and he will have a exit planned out.
With zero debt and production around 45k we must be valued around £1.4b at least

Stumpy the amount of money EnQuest is making each and every day I can't see us falling much further, But as you say panic and fear is a far higher driver of markets than plain old success

We all know Biden is using the SPR to boost his mid term elections, Its not rocket science !
We are sitting very comfortable currently and what's wrong with that ?
In fact we are doing far better than comfortable if we were to look at the bank account !
Sit back and wait

Barclay's value us at 28p lol

The markets always rebound Stumpy. You just need to buy in somewhere near the bottom, sit back and wait.
The bounce could be much higher than the drop here.

Treat this period as an opportunity this is noting like we experienced during Covid and negative oil prices, We have a oil price that's well high enough for us to pay the debt off quickly and we have enough left to pay shareholder returns next year.
Let the panicking lot run around like headless chickens pushing the sell button on these dips., its their realised loss
Fundamentals will play out correctly and we will be valued correctly once the panic settles down and changes to calmer waters.
I bet AB will take advantage of this and top up his nest egg in the coming days
The end of the SPR releases will at least draw a line in the sand for falling oil prices.
I'm not worried this time around

Making great FCF each month, nothing has changed here apart from the Dollar price being valued higher than the pound, we sell in Dollars so it’s not all bad.

BTF So you think your view is the only view then ? Typical Labour voter

Stumpy and you think the charts predicted this lol
Do you watch The Simpson's

BT - HA HA and your on here telling us how well you've been doing.

So you think studying, working hard deserves to be punished more than someone that doesn't ?
There is nothing wrong with people being rewarded for success otherwise what's the point when we can all sit on the Doll doing fu6k all without a care in the world.... Who's going to pay for us to do that then ?

Well its not another Covid incoming is it, Markets had never seen a situation like that before and we EnQuest done ok. People have had plenty of time to rest during that period and everyone I know are flat out, This is just another media driven attempt to panic people/markets to keep the volitivity high.
Think of this as a short opportunity that wont last.
Markets move up and down and we are currently on a down.
Buffet's buying into the oil sector - Tell you all you need to know

Brent sitting bang on support, if we see this go then the next support is around $76
Blimey I didn't think the SPR releasing would cause such a drop seeing as Opec still can't fill their agreed quoters

BTATH1 - Do yourself a favour and keep your mouth shut, We've heard enough cr ap from so called experts like you on this board to last a lifetime,
Remember the saying - He who boasts most ain't got fu6k all

Now we need a little amendment to the WFT to benefit companies with high debt ratios

He also failed to mention our huge tax credits, Bentley, Bressay and SV with a view of Hydrogen production
And the biggest part our CEO putting his money where his mouth is with over 12% of the stock

Just dropped over $2 in 10 min , the volatility is silly and discourages investors