Member Info for Krakenoil

Worst comment

We are going to be punished badly

Will Opec retaliate with the cancellation of the 400K monthly increase to production?
SPR release is a sign of panic surly.
If the EIA forecasting lower oil prices for next year why are the releasing oil ? Make no Sense

US SPR falls 3.2m barrels last week

#Crude: -2,101
#Cushing: 0,216
#Distillate: -0,824
#Gasoline: -0,708
#Production: -100

Ammu have you emailed your concerns, If not why not ?
Ask them why they haven't issued a RNS stating we are going to miss guidance.
Might settle you down a little

By bending over apparently, You need to enjoy a Branston sandwich I’m told

Morning kamrat, Unfortunately there is zero point talking about shareholder returns until Enquest start talking about it, first we have to reduce our debt without production running out, we are 2 years away from reducing debt enough with current oil prices and hedges in place, that’s if everything runs like clockwork. We need Brent around $120 for a year to 18 months to gain what we lost due to low oil prices. I’m a bit nervous about our next TU to be honest. Call it bad luck but we seem to have messed up this opportunity of higher oil prices.
I think the market has priced in poor performance again that’s why we ain’t 30p plus

I think once we have simplified our debt and spread our production away from all eggs in one basket we will be bought out, that’s when AB will get this money back and hopefully a profit

The reason the market cap is falling away is down to the market not believing Enquest is making the FCF the analysts have forecast, remember our BE cost went up quite a bit and production as fallen away.
If Enquest don’t give good figures on this update then we are in trouble and currently some investors not willing to hold on for it. But if the figures are good expect a fast move towards 30p as they all jump back in

https://t.co/64H7MtDGM5

Crude: +0.655M
Cushing: -0.491M
Gasoline: -2.792M
Distillates: +0.107M

Give up and come back in 12 months

We must have a large seller in the background, I thought today was going to be a good day for us, It is for the rest of the UK mid cap oillies.
So frustrating

A nice long Santa rally would certainly settle this board. I'm all in for that

No point talking to you Mrc - FFs what have I made up.
Come on then big mouth what did you receive from IR
I don't F%cking Lie !!!! You are the proven liar as confirmed by your early posting .

MRC Why don't you email IR and ask ?
I copied some of the email I received from IR last week, The bit I didn't bother to post his reply to my question about K current production rate and when should we expect the next offload and my disliking of our marketing techniques, along with poor shareholder information, He swerved both of those....... Someone had to say it

Mrc Im just passing on what IR emailed me.
Instead of trying to belittle people why don't you explain to us what they are doing then ?
Your right I don't know much about oil and gas production and why do I need to ?

They have utilised the best wells to keep production as high as one train can handle while the work on the other one, hopefully back to full speed soon

Well the good news is the AK is already being sucked dry