Member Info for Krakenoil

Like we have been discussing, read the previous posts

With a market cap of just £490m backing £600m plus in FCF you have to wonder what on earth is going on within these markets and what's driving it.
Like I have said before once we have banked the income this year we are in pretty much safe territory.
2023 will be a huge year for shareholder values
Its a waiting game

Sounds about right Jan, H1 completes this week and you can guarantee the figures will slip out before the market is updated in September.
Enquest is chipping away at the debt pile each day.

Nothing out there to inspire the buying side just yet
just waiting for the signal

Have a read back through previous posts as we have been discussing it since it was announced

If we get a concession then expect us to bounce straight to 40p

H Romaron, We did meet we shock hands before the AGM started, I was the one that asked about the Enquest producer.
I was standing next to Jan when we were talking to JS
I’m so glad I attended the AGM, put my mind at rest and Even persuaded me to top up after I swore I wasn’t going to buy any more.
Even though our SP has fallen these past few weeks I’m comfortable and happy to sit out the waiting game. It’s only a matter of time now.

https://t.co/uRXXuqbuh4

Eric basically saying this sell off is a big opportunity to buy and those holding oil stocks that have just seen valuations fall 30% don't worry it wont last long.

Influential Bay Streeter Eric Nuttall says in all his years of being an energy fund manager, he never thought he’d have to hold his clients’ hands and ease their worries about crude oil with the commodity consistently trading above US$100 per barrel

https://www.bnnbloomberg.ca/this-too-shall-pass-as-energy-rout-deepens-nuttall-1.1783487?taid=62b66c5d08e7840001dc42a8&utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

Up 3.5% and we are in the red lol
Come on Mr MM you've had your fun is getting a bit boring now.

Buy the dips

A few larger buys showing up around 25p this afternoon, Have we seen the bottom yet is the question.
I think we have.

Another AB buy today Yes or no ?
Surely its to good to miss

Jan, Enjoy the holiday, If the markets return to normality and fundamentals used again in valuing oil stocks we should be 60p end of year, so hopefully when you return we will be over half way there

Honestly, My premises is on a large Industrial site with 50 odd units and every single one of the businesses are flat out, the engineering companies we work for are up to their necks with work, the technical engineers are flat out designing work for the next 5 years and can't get through the workloads.
How the hell can the media say we are heading into recession ?
I don't believe a word of it.
Buy the dips - that's what these shysters are doing whilst peddling negativity

The media are painting a massive picture of doom and gloom currently, but everyone I know are flat out with more work than they can handle, Honestly I don't know anyone that that's suffering work shortages. Most need more staff but can't get anyone.
I don't see recession worries at all. Supply issues are the problem currently.
DOOM and gloom is the time to buy before the media spin it around !

Chilting are you saying 7 months of high FCF adding approx $460m to the bank balance adds zero value comparing to the years low of December 2021 with Brent at $68. That makes no sense !

The drop just doesn’t stop.
Almost back to where I Sold out in Feb 2020
Fundamentals don’t count any longer
The woke are certainly running the show

Mr MM looks like he's going to take us down to Barclay's target of 23p.
Oh well, sit back and wait ...........again !
H1 completes next week and it will be our best 6 months to date !
Barclays will adjust that low ball target once the figures are exposed