Member Info for Krakenoil

That’s the second 30p plus price target we now have.
It’s coming home

Head shoulders knees and toes, knees and toes !
Did you sing that today at school AA

I can’t make up my mind what to do now, we are 10% away from the OO price with Oil prices looking week. We are back to a situation of Oil prices overwhelming our GE completion, we don’t get much luck do we

Also need to remember European flights numbers are about to jump up, US flight numbers are climbing each week and come the end of the year won’t be far off 2019 figures

http://www.spglobal.com/platts/en/market-insights/latest-news/oil/070921-slow-us-shale-recovery-throws-doubts-over-sectors-price-responsiveness

Hi Pelle have you looked on Ebay ?

So L3 what do you get for FCF for this year ?

They were delayed sells

Ha ha ha Risk off with Brent over $50 huge FCF thereafter.
De-ramping won’t get you cheap stock, Opec will make a deal with the UAE shortly and they will have to raise production to meet rising demand lowering OPEC’s reserve production further. 2022 looking like the year of $100 oil

My dummy sell for £50k worth offered at 20.97p Ammu so someone wants the stock

Ammu I don't know who you use for Trading but ive just donr a dummy sell £50k worth and they offered the whole lot at 20.97p

Banana Opec is there to flaten out boom and bust oil prices, the 7 year cycles would go from $10 a barrel to $150 a barrel and then all the way back down, the world doesn't want yo-yoing oil prices. Stability works to keep economies stable

We just need Opec to drip feed supply into the market to meet demand and we should end up next year with a stable oil market for at least a year providing Covid is under control

Chilting the world need higher oil prices ($75-$85) to maintain current oil supply /investment otherwise the market will tighten even further causing much higher prices over the next few years ($100 -$140) 2008

Looking at the UAE production charts over the years, the baseline they want lifting is unjustified and I'm not sure they could actually lift production higher than 3.1 - 3.2 anyway, it was during 2020 they lifted production and looking at the chart the oil looks to of come from their storage

Fully agree Jan

Support for Brent looks to be around 70.5 I don't believe it will fall that far as European flights start to increase bigtime this month. Opec need to get this under control and quickly.

Ammu its only my thoughts regarding my portfolio , like I said before , I got stung twice before and I said I wouldn't buy anymore stock, Do I need another 130k or so shares at 19p when my average is lower than that ? If the SP is close to 19p this time next week I won't take up the offer, if the SP moves back up towards 22-23p then I will be stupid not to sell enough to cover it. This Opec spat has thrown a spanner in the works again, lets hope they can get it sorted out by next weekend and oil prices move back into a positive direction

Mine you we have until July 20th to make that decision so plenty of time left, 8 trading days left

Showing a little weakness now, no point selling now and i'm not sure its worth buying the OO now either. We always seem to get bad luck right when we need the market to stay stable.
I'm not moaning just saying