Member Info for Krakenoil

Who the hell is selling oil stocks ! Its woke madness .

Enquest is currently earning around $1.75m of FCF everyday.

Yearly FCF of almost double its current MC - That's ridiculous

Not many companies out there with earnings like that with such a low market cap is there !

Still no one wants to hold oil stocks because they have been told oil will be phased out soon lol
Just wondering would these investors stick their balls in a wasp nest if they were told it adds size !

Barron why not go tell the teacher

How long do you think we have to wait before Enquest mentions shareholder returns ? 12 -18 months away is my guess, once we have reduced debt to around $300m there or there a bouts, He'll probably go for another Kraken in 2023 and load us back up with debt lol

With Brent at $90 we should be heading quickly towards 40p by now - Just need a trigger !
Come on AB - On our TU next week. Please can an you give us a sniff of what we can expect with Brent averaging $80 for 2022
Surely we must be able to reduce our debt by half adding at least $600m plus to our market cap - That will do for starters !

Next big move is after our next TU due next week

Why open the day with 1 trade at -6% ? Someone is taking the p155

Bots don't have a sense of humour or do they !

Closed us out on todays high, That’s not happened since before our last TU
Hmm finally has settlement changed !

If I'm not mistaken it looks like his old horse has suffered during lack of training over the past 2 years and is trying to run against our fit young stallion that's trained extremely well in the harshest of conditions, treading water for long periods of time

I agree with that Jan, Tullow is now giving away all that free cash to those it hedged with, They are now making far more money from the oil that Tullow pumps than Tullow .
Tullow needs to hope oil prices don't start falling end of 2023 or they will be in even more trouble than 2020.
If Enquest's TU is good next week then Enquest is 100% the better investment

Its the poor hedging that's going to hold Tullow down for the next two years. More debt along with higher capex aiming for higher production, Its a bit of a gamble to be frank.
Enquest are going for maximum debt reduction while oil prices are high, far better strategy I believe . Debt free within 18 months that should add around $1b to the current Market cap.

Nice to see BP moving up so much today

Lets hope we have hedged better than Tullow
AB's gambling approach throughout 2019-2021 will pay off big time this year if he has stuck to it.

You buying back in Chilting?

Looks like Tullow will be investing heavily this year in increasing production. Might explain the FCF forecast being on the low side.

Jump ship

If the TU reads well next week then we should bounce to yearly highs quickly, If not then we ain't going anywhere.
My gut feeling is Magnus is still having issues, God I hope I'm wrong.
If Magnus is repaired and we get production forecast of 47- 55k we should see a good market reaction.
Lets hope AB didn't hedge to much in November/ December

10 years ago

Chilting so will you be buying in again on a good update ?