Member Info for Krakenoil

Production will be on the lower end but we already know that. I’m more interested in what’s coming into the bank account, if it’s anywhere near what Pelle is forecasting we have cracked it
I just hope we don’t get another lacklustre RNS update.

My email back regarding Kraken:

We have had some unplanned downtime at Kraken recently that has impacted production. The asset is producing, albeit at reduced rates currently from our usual output as we continue our remediation efforts. We expect this to be a short term disruption to production.

Bloody hate predictive tex, eeer

Supply is currently around 97m and demand is around 97m per day, 30 million barrels quite a lot say 1m per day of a month, but with long haul fights about to return that along will use up around 250k per day of that.
I think if the US hadn’t threatened Opec before the last meeting they would have released a bit more than the planned 400k in December
The US reserves are already low so I’m not sure how much lower they will let it go considering winter is on its way

Here’s a thought for you, why not put the air con units that cool your houses the other way round, the cold bit outside and the hot bit inside, that would heat people’s houses and cool down the planet lol

US oil rigs +6 to 450
Creeping back up

Squif why not air you questions to Ian Wood ?

Even BP up 1.3% today while we fall over at -3%

So many investors now giving up on UK oil stocks and can you really blame them ?
We must be mugs holding out in hope that maybe one day the SP will gain some upwards momentum !
Without a plan that's all there is !

The way the SP is performing could very well be a quid

Per share

$100 WTI for 12 months Enquest would be debt free, and I would guess have a market cap of around £1

FS CYGNUS just arrived at Kraken

The the US have just thrown a tantrum and threatened to lower oil prices using their SPR
Ha Ha

Might need to change the party name to :

The 60p Dividend Party

Pioneer sees WTI oil prices between $80 - $100 over the next few years.
Well thats the debt and Divi sorted then

Opec meeting ended, Recommends no further increase other than the agreed 400k increase in December

Hi Jan, yes they have been selling it where ever they can at big discounted prices, would probably help oil prices if sanctions were lifted on them, they would then lift their wholesale prices as well

Forget about Iran Chilting, nothing is going to happen with that anytime soon.
focus on todays Opec meeting. If nothing changes expect Brent to be back to 86 quickly

Surprised the US oil companies haven't started to buy European oil stocks , they are all making big profits now
Woke investors can watch from the side-lines fine by me