Member Info for Krakenoil

As a company we don't want to be paying anything other than the debt off, we must get that back down to a position of ease, to protect against lower oil prices in the future and more importantly not paying out huge amounts of interest to the lender. that payment could cover a nice dividend on its own !
If oil holds around $100 for the rest of the year we could be below the $500m debt level come Christmas time providing production is at the upper end for the year

So when was that ZFG ? More likely oil price movement rather than dividend announcement or something else.

There won’t be any shareholder returns this year, it’s 2023 if oil holds up.
Debt needs to be under $500m
We just want confirmation of it to boost our sp first

The daily chart on Brent was showing the area around 103 as the point of pre war, but as we have seen in recent months it always seems to overshoot both ways.
23.5p is still way undervalued for a company making pre tax profits of more than its current market cap.

Ammu - are you hiding ?

Brent now below pre war prices - 8% today and still falling.
Russia just made a statement - Lavrov says both oil consumers and suppliers will feel the return of Iranian oil into the market.

Toril Knutsen Left on the 5th looking at the history, So our next off loading Tanker should arrive at the weekend to keep us on track

Keep your eyes on
Hilda Knutsen
Altera Wind
Petroatlantic
Scott spirit - Long shot

The positive fact being we are way undervalued for $85 Brent let alone 100

Will probably see 22p again today so a pivotal point, fingers crossed we don’t slide back into the 21’s
Hedge funds certainly moved oil back down fast.

No they are considerably lower than current oil prices

Next day or so could be the time to buy the dip.
Always overshoots to the downside.
As long as we don’t drop below 22.10

Could be a great buying opportunity mid day ish

Oil down 6% now :-O

This one’s going to hurt. Oil down 5% again, almost back to pre war prices
Always over shoots to the down side so mid 90’s looming.
Whoever called oil going to 150 needs sacking

Brent down 34 bucks in less than a week
I bet they dont drop pump prices either

ZFG I’ve not bought a single share this year ! I bet you have lol

I was hoping to see Brent bottom around 103 but that’s looking unlikely as hedge funds liquidating oil as fast as possible.
And the were all screaming oils going to $150
That was the time to sell out
Hitman got it bang on

Oil down another 4% under 100 now.
Iraq and the UAE have increased production big time. China and India getting Russian oil at 30% discount
Looks like a return to sub 90 for Brent
China back in monster lock down still not vaccinating the population is madness

Everyone has fracked off

Bollxxks !