Member Info for Krakenoil

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

I think his Debt free in 18 months considering the way the debt has been falling during H1 this year its 12 months at most and that's with small shareholder returns however they will be made.
We know EnQuest will bring Bentley and Bressay into production within the next few years and that secures our income for the next 10 years at least while we look at Hydrogen production and other opportunities.
We are a takeover target for the bigger companies looking to increase there asset base.
Who knows... A offer of 60p per share could be on the table tomorrow !

Interesting to hear how they view us .

Brent at $90 is great for us, if the price holds out for the rest of the year 2023 will be our very best year to date.
We will have gone from sitting in a week position to standing in a strong position going into 2023.
Will Truss review the silly unfair WFT and amend it for companies with high debt levels ?
Patience is key

Chilting come on add a few EnQuest to your portfolio.

Will we see sub 40’s again ? Oil is stuck in a downward trend since the beginning of June without any signs of breaking. Come the end of October we are on target to see Brent sub 80.

Crude: +1.035M
Cushing: +0.510M
Gasoline:+3.225 M
Distillates: +1.538M

EnQuest has been a Dog of a stock to own long term albeit the company has performed magnificently
These markets don’t play fair do they.

Yes they do Jan but we aren't to far from that as mentioned in the Update.
We don't deserve this !

Valued 8 x our Market Cap
We are either badly undervalued or they are grossly overvalued

The Fed is going to kill the US economy with these monthly interest rate increases.

If you look at the Brent oil chart and we carry on the same pattern we will see Brent priced around $83 at the end of October.
Maybe its this that's spooking the market currently.

The price of the dollar and there Increasing interest rate is badly damaging Covid recovery and Spooking investors .
The US is doing everything possible to drive down oil prices, Boll ocks to everyone else and its working !

Yes you are correct R Not sure how many share you could off load currently but as we all know the market moves before we actually know what's caused the move.
Looking at our SP I would say oil prices are about to fall a fair bit, but with Barclays comment who know whats causing this move

At least Barclay's got what they wanted ! 28p

Someone is having a right laugh behind this today.

So what's the problem with us through the eye of the market ?
They ain't even touching us with someone else's barge pole.
Maybe making big profits is unfashionable nowadays

Quite a few larger buys coming in around 28.5 - 29.3 today.

Manipulate the price down so Barclays can save face !
Manipulation at its very finest
Oil prices are up and we fall over 3%
Its clearly obviously James Hosie has a personal issue with EnQuest.

Market manipulation and corruption that's what's going on.
But fundamentals always balance value in the end you just need patience