Member Info for Krakenoil

Just proves how woke European funds have become, let’s see what they do when dividends are on the table, bet they ain’t so woke then

If Opec stick to the plan and resist calls for more oil today then we will see Brent back towards $86 pretty quickly.
But Opec now face US production coming back due to higher prices, will the US ruin again ?

https://www.reuters.com/article/usa-oil-opec-idUSKBN2HO259

Btf BP said today that oil demand had already exceeded 100m
Opec hasn’t got much left in reserve
I wouldn’t wait to long if you want back in

Oil down over 4% so far today

Maybe the AK has room for a small Nuclear Reactor on board. lol
How is running about 85 miles of huge electric cables out to Kraken green compared to the life of the field, wouldn't it be better to add some sort of particular filters to the multifuel engines exhausts ?

Crude: 3.291M
Cushing: -0.916M
Gasoline: -1.488M
Distillates: 2.160M

about 8 days Jan

The stock has to go up Squif for him to make a profit , no good just buying on the way to the floor

Dont miss out

Chilting now you are just de-ramping !
FFs I'm sure Enquest would already have plans to cover this.

Its not a Tanker :-(

ESVAGT CAPRI due to arrive at Kraken tomorrow

Squif Do you think AB is waiting to buy more stock then ? But at what price ? His last purchase before the OO was back in May when he bought 7.4m shares

Chilting the SP is following the same pattern down as the whole sector, Investors are leaving oil stocks and we've all been stupid holding on with crossed fingers that Enquest would turn things around.
Money talks, If Enquest is making the money we hope they are then at least Enquest can start buying the stock back, Might be back to 10p by the time that happens

BTFATH1 - You called it spot on, I cannot believe we have sunk so fast with Brent above 83
Well done

The email I received from IR this morning also included they had 2 new institutional investors, didn’t mention the fact that they had bought then started selling the stock though !
Our marketing strategy looks like they are trying to push the stock down rather than inject some positivity.
But why ?

Talk of 100 bucks next year is a very real possibility.
Would increase our BE costs slightly but would still gives us about $50 barrel of FCF so just under $3m per day.
Today with about $38 a barrel giving us about $2.2m of FCF per day = approx $800m a year of FCF
Not bad for a company having a market cap of just £450m is it

On Friday the 5th March we had the same share price with Brent sitting at $64 lol
A Lame, miserable and deflated stock.

That’s a long way off Chilting, Enquest bought Kraken from talk to start up in less time than that - far more complicated than electrifying Kraken.