Member Info for Krakenoil

I hope Avanza don't manage to pull us back into our previous range, certainly giving it a good try

Looks like Brent will bottom around 103 looking at the charts back inline with pre war. The market actually hasn't lost any supply just changed buyers, China happy to buy as much cheaper oil from Russia as it can get, leaving the west to pay the higher prices.
But we didn't follow oil prices up before the war so we are still very much undervalued still . I could have sold on the Tuesday with the higher volume but that's not my target.
My target is unchanged and I'm going to hold and wait for the Debt level to drop and see how the Market reacts. March 2022 will be our most profitable month to date, If Brent stays above 100 for the rest of the year then our debt will be back in the range when the market will no longer look at us as just a indebted debt zombie.

Barclays raises Tullow Oil price target to 85 (75) pence - 'overweight'

WTF - Please someone explain !!

Putin - Certain positive shift in talks with Ukraine !
Brent just dropped 2.5 bucks on that comment lol

Reiterates its 25p target that it set back on the 4th of Feb when Brent was $90 and North sea oil companies were seen as the dirty disgusting enemy.
Maybe Barclay's haven't looked at oil prices since then or noticed a tightening market or even looked at our Hedging figures.

At current oil prices Enq Is worth at least double our current market cap
That’s all you need to focus on, the rest is just noise

All the other oillies nicely in the green looking positive with the oil price settling down

Hitman’s turned to the dark side now he’s sold out lol

Consolidation around 26p before moving up.
Oil prices ain't going back under $100 for the rest of the year that's for sure , Saudi looking maxed out at 8m, Opec probably don't have much supply reserve left either, Just Iran and the US that can lift supply but that's going to take some time.
I'm looking forward to the results - The brokers will certainly upgrade us

So Today JP Morgan have reiterated a recommendation of 'overweight' with a target price of 74p.
So Today JP Morgan have looked at Tullow's current Hedging and still they value the Equity at £1.06billion
Makes you wonder why Barclays only give us a equity valuation of £471m that's less than half of Tullow !
Work that one out !

I can't believe people are still buying Tullow ! I don't see the attraction with its very limited FCF with those horrendous hedges in place.
Lets hope AB can nail the next update and get this really moving.
Back on track and in the mid 40's come May, that's where we deserve to be.

Ammu shut the Frack up and p155 off, The information he is posting is informative unlike your outbursts

Brent is still $118 ffs
Not $85
EnQuest making huge amounts of FCF

https://www.bloomberg.com/europe
Shell buying North Sea oil at a premium of over $4bbl over spot prices today.
If Shell are doing that we could see them bidding to buy North Sea oil companies
Desperation is kicking in

BJ rule’s out windfall Tax on energy companies https://www.argusmedia.com/en/news/2309885-uk-pm-rules-out-windfall-tax-on-energy-firms

https://twitter.com/defencehq/status/1501621370614173701?s=21

ZFG what drugs are you smoking or can’t you read properly?

I haven’t bought any stock recently nor have I sold any

Tomorrow’s bloodbath is going to be even worse
There’s going to be a lot of people crying tomorrow
These markets are just madness
Think of it as a buying opportunity

The market is pricing in the end to the war. Sanctions won’t be lifted so oil remains tight

The UAE has called on Opec to increase production. I’m not sure Opec can to be honest, I think they are already wide open and probably selling their inventory stocks as well.
This little sell off won’t last long