Member Info for Krakenoil

Tullow downgraded to a target price of 80p from 90p - About the same percentage as our downgrade from Barclays
Still way above where both are now.

Someone is jumping ship that's for sure .

In other words - Its a massive fight just to keep hold of the money you have in this world now. Its no wonder there are so many people limping along to join the disability que .
I wouldn't be buying a house now, specially with everyone's monthly outgoings jumping up so much. Won't be long before keys are being thrown at the banks again.
I've heard the que outside the mental disability centre is growing by the day as well. Advice from Mr Blackadder - Stick pencils up your nose .

RBC had a previous target of 90p , now at 80p

Well that's what they are valuing the company at, the market is currently valuing the company far lower.

RBC CUTS TULLOW OIL PRICE TARGET TO 80 (90) PENCE - 'SECTOR PERFORM'

Still 50 % upside from here

GE on its own is producing FCF of $630,000 each day with Brent at $85
What a buy that was !

That was a massive porky pie

At this rate We’re still be 21p when Brent is $100

Chilting I think also think the TU will read towards the negative side but I think the Market has already priced that in to be honest. We all know if the Magnus hadn't had a mechanical failure and Kraken hadn't also suffered a mechanical failure we wouldn't have missed our production target and the TU would have been a blinder ! We would already be 30p plus

Horrendous day for oil stocks, what makes it worse is oil prices are rising still

That GE buy was spot on timing - AB pulled one big golden goose out the bag. 10000 bpd unhedged

We could be in the 30's next week, you never know with EnQuest

From 2015 we've been dreaming of $90 Brent !
Let the clever investors buy the sill sods shares as they sell into the beginning of the oil rally .

That would be some party Pelle lol

I wouldn't touch any of em, I'll stick to oil , safest bet out there as the lack of investment over the years bites back

If fundamentals were the driving force behind the SP then we should be seeing the SP rising about 0.6p per week during 2022 with oil averaging $80

What a great day we are all having, who the f@ck is selling already way undervalued oil stocks ? Brent at 89 and the who sector way in the red !
Strange times

Like we have discussed before.
Nothing is a given, We could still see the SP falling throughout the year even with huge earnings, if no one wants oil stocks then the price ain’t going anywhere. There’s no rules in the book to say we can’t see yearly shareholder returns above a companies market cap !
Fundamentals seem to have gone out the window as we move into this woke era.
Might never change, who cares I’m happy to receive massive percentage shareholder returns instead !

8.37 - 1,846,000 buy £395k

Follow the money