Member Info for Krakenoil

Media Betting on recession adding weight to oil prices, they keep on printing stories of demand falling.
Where ? Everything still pointing at rising demand, Flight numbers still 14% lower than 2019.
Declining field rates across the globe and still lack of investment !
Agree with Romaron How ?

Looking at the other oillies today could finish very well

Jan, I just cannot believe we are valued so low, I cant understand why no one else is following AB and filling their boots as quickly as possible.
I had to take some more this morning, Can't let this opportunity go.
This ain't crypto this is the real deal.
Cake please

Told you

We are now approx 50% away from the yearly high.
This is just madness.
Just shows you how a government can ruin anything so quickly in this country now.

Hi the hell can the market value us at £480m when H1 results will show a FCF way over half of that !

Sounds like a fair priced cake to me Jan and it will taste very nice indeed. I’m on a diet currently so I’m happy to wait.

Our current valuation makes zero sense, However you look at it we are badly undervalued.
I'm waiting for the next RNS - Director buys coming in.
AB ain't stupid and he knows full well where the SP is heading
Buy the dips
Only 10 days away from the end of H1

26p is too good to miss

Topped up again. £20k

JS Was more than confident that Dividends and buybacks will actually work against equity value until the debt is cleared
Clearing the debt is key to equity value, then shareholder returns will give a further boost to it.

Good to meet a few yesterday Jan, Hitman, Romaron. Shame I couldn’t stay for a pint afterwards.

I thought EnQuest were great yesterday and none of the questions were swerved and given a good informative answers.
They all seemed very happy to be there and gave the impression success

Chilling interest rates at 1.25% won’t kill demand, interest rates at 4% won’t kill demand,
We need more refineries to cope with demand. Todays oil price was caused by a rumour that a piece deal was close. If that were true surly the other sectors within the markets would be rallying

Just the Markets robbing panicking people of their hard earned, nothing new !

BP down 13% over the past few days as well !
Will soon swing back around !

If it does then I'll buy a load more, but I doubt I'll be that lucky.

Ffs what’s happened now ?
Brent was $121 when I left this morning, now $115 and falling

Let’s just “No wonder AB is buying”
Lots in the pipeline
I’m a happy chap.
Back to work for now !

Fantastic AGM