Member Info for Krakenoil

What do you mean risk off ? Russia just bombed a Hospital FFS.
No one wants Russian oil, The Market is just as tight as it was yesterday and the day before. Did you not see the EIA report today ? Inventories still dropping fast. Thats not a sign of plenty of oil !
$120 is mega for US = Huge FCF

That was a sharp drop at 4.30, down $4 in under 10 min
These markets are uninventable at the moment.

26p close would be damage limitation

Ammu you not enjoying this then ?

I hope we don't end up back to square one.

Sanctions are still going ahead on Russia, The US driving season just around the corner, European holidays and the ME aircon machines going into overdrive.
Oil ain’t going down much that’s for sure

Watch the bounce

Hitman, you think Barclays will keep a 25p target intact for 2022 with Brent over $100 lol
Let me remind you again at $100 Enquest will pay down debt around 600m Brent at $120 is more like $750m
A few weeks ago you were dreaming of $100 and holding long term
This is going to bounce

Spot Brent is still $128 ffs.
Enquest is making a fortune

What a joke ! At this rate we'll end up worse that Tullow ffs

Come on Avanza do your worst lol

Looks like the beginning of the end for Putin's Botched attempt, Now he can pay the Ukrainian's to re-build the damage he has done.

Seeing our daily volume starting to increase and the size of the trades going through are getting larger.
It’s a good sign

Blimey Just reading Tullow's Statement and I thought ours was bad, comparing the 2 Enquest is in a different league FFS.
How on God's Earth are we still valued so low.
Come on EnQuest this is now down to the marketing team to step up and promote to the large investors.

Tullow's poor hedges will hold this back for 12 months at least.
Lucky that EnQuest have only hedged 7m Barrels for 2022, the rest sold on the open market. I'm surprised EnQest SP isn't already mid 40's
Its worth looking at guys.

Tullow seems to be breaking out nicely, I'm sure we wont be far behind

Don't worry about it, its just Avanza controlling it atthe moment, The volume is higher these past few days, its getting to the point they wont be able to keep a hold of it.
As long as our production rates are around 50k and AB hasn't hedged the other 50% below $100 we are banking big money, the debt is falling fast.
The SP will follow soon enough

The EP hasn't really been used, its hardly worn in, Its been ticking over for a few years, I think its very capable of being moved to Bentley. It could be modified reactively quickly and is capable of processing crude at daily rates of 57k.
I think its a great option for Enquest going forward.

Just need a formal green light on the North Sea oil and the funds will flood back in. UK oil stocks could easily follow the US ones up up.
It’s time to buy and hold long term

Bentley is the big one, 267m of recoverable oil, Daily production of 50k gives the field life of around 14 years and that's not including the Gas.