Member Info for Krakenoil

Its Romaron's name for Chilting

Romaron, "but I prefer black and white rather than the snide digs and half-truths from the likes of Stanley, L3 and KO. "

You are the worst culprit of snide digs, half truths and belittling everyone you don't agree with.

Therapist lol

Looking at some of the trades going through this morning, Quite a few large ish off book sells pushing the price down
Then we see a off book 830k ( £253k ) buy going through bang on the lowest bid price of the day.
Must be luck ! - hmm !

250m or removable oil at Magnus is huge
Basically that’s 50000 barrels a day for the next 13.5 years.
Or 30000 barrels for the next 23 years
So won’t be to difficult to lift 20000 a day with minimal drilling once machinery is in place

L3 Do you ever write anything positive about Enquest? Always posting negativity

Yes It can.

We are on the cusp of shareholder returns, We won't see any dividend payment in 2022 as we still need to throw as much of our FCF at the debt pile and new purchases.
2023 will oil prices forecast to be around $120 is the time for shareholder rewards
60p party around the end of this year and the £2 party end of next year.

All points at pure and utter panic !

I was expecting a few Broker upgrades after the results.
Obviously higher oil oils make no difference in their eyes, or the $400m of FCF lol

Well there is definitely something in the pipeline.

Looks to me AB getting ready for another purchase

L3 I would take the p155 out of you for selling out many months ago.
Who wants EnQuest Bonds that will likely be paid off quickly before you've earned a year or 2's worth of interest and no room for the bond value to increase when you could buy Tullow's Bond far cheaper and without the problem of it being paid off - Specially with the poor hedging !
I'd buy Tullow's Bond.
The carrot had to be worth it

But I wont ! lol

FFS L3
You make it sound like JS is the only one at EnQuest that can pull off a refinancing deal lol
The interest rate is high because of the clauses within the deal.
And looks very much like Enquest will pay off this debt quickly and is only there as a safety net.
Tullowed. lol dear me

That can be paid off early at any point.
That tells me this bond won’t be around for long thus the 9% carrot

Just when you think everything is returning to normal we always get a twist of some sort.#
Lets hope Putin isn't bluffing over this and does end his war

I doubt sanctions will be lifted on Russia for the foreseeable future.
At least its risk off within the markets, Lets hope we do see an end to this idiots war very soon.
Back to normality will be very welcomed.
Brent at $100 is fantastic for us and will bring the money flowing back into UK oil stocks going forward.

We need a little green in oil prices today $10 drop yesterday was ridiculous

Oil prices down $10 today.

Theses current markets are mental

Was a lumpy buy but looks like it was a filled order from the previous day reported late