Member Info for Krakenoil

Shale oil companies in the US are now dropping rigs and shedding thousands of jobs due to the impact and the defence against low oil prices and the UK still has the 78% windfall tax in place

How moronic can this government get

This country must be looked at from others around the world as we do at North Korea.

Are they going after the US market share again or will they try and manage the oil price

We definitely don’t need another oil glut with $40 oil again

Opec agree to unwind 1.65m barrels in monthly stages until August 2026

Bearish

Opec expected to reverse some more of their agreed cuts this afternoon most likely to be between 130k and 140k so not as much as the market priced in this week.

I doubt we have managed to lower the net debt by much if any. We haven’t added anything to our U.K. production

We were promised a transformational deal and that hasn’t happened so the market has given up waiting.

The SP won’t do anything unless we look like an attractive investment and currently we don’t compared to the likes of Serica or a few others in the sector

I’m p155ed off as well but what else can we do ? Must be the longest negotiations on record if there is any.

James Hoise and JP Morgan wouldn’t put a value on what if’s they would only value on current market conditions and company performance/fundamentals

Any changes from that will bring changes to analyst notes and target stock price valuations.

Morning Ron

What is concerning is Craig has given all the info to this new analyst and he has taken that and said we are more or less fair value at 14p but at the AGM this year Gareth Penny, Jonathan Copus and Steve Bowyer were all upset and disappointed at how ridiculously low our SP was, none of them could understand why we are valued so low considering the companies fundamentals.

So who is right here the Market and JPMorgan or our Board of directors ?

How the hell hasn’t she been sacked ?

Labour jumped on Boris until he was sacked for eating a bit of cake

Yesterday I watched part of a interview with a Labour MP he was answering a question on the North sea and why aren't we pushing for higher production he seemed angry over it saying the North sea has nothing left to recover and the oil and Gas that is recoverable is of much lower grade and will produce higher emissions than importing and that's why we should be shutting it down and moving on to renewable energy sources.

How do they let this lot get away with such lies and misleading information ? They must be held to account for it.

Half year results to be published on the 24th September not tomorrow according to the last RNS we had

Https://x.com/conservatives/status/1962818724647284965?s=46&t=PUOVTp6MPwanTcF7mA-EHQ

Or do they ?

Why all of a sudden have they reinitiated coverage. ?

Look it up on Google - This could be a good sign

You do realise those Asia deals (Other than the HBR one) are years and years away from making any contributions to the balance sheet

We need UK producing asset deals ASAP without it our Tax credits are worthless and we will be stuck in the same rut we've been stuck in for years

We need another Magnus type of deal

The SP performance is purely a reflection on our boards performance the market is telling us it’s not a good buy and certainly nowhere near as good as others in the sector. We are relying on a change of policy and higher oil prices. hopes and prayers just ain’t good enough to attract investors

Where’s this transformational deal then ? It’s starting to look just as bad as the 9 x cheaper statement

JPMorgan reinitiates EnQuest with 'neutral' - price target 14 pence

Defo hoping to see her pile the pressure on Labour over it but with Miliband still calling the shots driven by his zealotry I can't see anything changing but you never know, Starmer may grow a pair and come out swinging ..... or was that closet

Morning Ron, It maybe down to the Bonds being a safe bet and paying more than double the returns on what the banks do. The amount of cash we have in the bank is also protection against future tougher market conditions

The Equity taking all the risk and gets next to frack all for it !

Share price performance over the last 5 months

Harbour 158p - 231 gaining 50%

Serica 116p - 180p gaining 55%

BP 331p - 432p gaining 30%

GKP 151p - 193p gaining 28%

Ithaca 123p - 210p gaining 70% even after this mornings drop

So why haven't we followed ?

Struggling to reach 13p

Oil up again this morning let’s see if the SP bounces back a bit

I don't think Labour will do anything even when they get the decommissioning bill from bust oil companies they will still blame those forced into receivership because of the EPL and Labour will simply pass on the bill to the TAX payer.

Labour have a very good defence - Blame everyone else for anything and everything that's gone wrong or going wrong and we the public seem to accept it.