Member Info for Krakenoil

Shale is far from dead, they will increase production next year that’s for sure. But declining fields around the globe will cater for that
Just going through a wobbly patch at the moment

73-75 I doubt price can go much higher with so much held back by Opec, once that’s almost used up then we could be heading towards $85

What a great game, got no fingernails left

Another huge draw

Crude -7.983M
#Cushing +0.152M
#Gasoline -2.736M
#Distillate +1.086M

Totally agree Mrc, we now have a very strong footing for the next leg up along with oil prices

If the supply side is that tight then prices wont stay low for long, Buyers still need to fill the refineries, give it till the end of the week and hopefully Opec can give the UAE a nice cuddle and a little whisper in the ear.
Otherwise what the point of them selling more oil and ending up with less profit ?

I very much doubt it Stupmy.

Blimey I haven’t moaned about anything this week, all I’ve done is post what’s causing oil prices to sell off and you lot are on me like a pack of hounds.
But what I posted was factually correct ! What do you want me to post ? Lies or just some long boring post that put you to sleep like Romaron does every day ?

Epip why don't you and romaron p155 off and just Ignore the comments on here rather than scoring points trying to belittle everyone.
Best get you a high horse as well.

Nice find, Thats why we are all locked and loaded here.

Lets hope that was just a quote from the UAE saying what they would like to do and not what they are going to do.
God lets hope Opec can hold out and sort this mess out otherwise we are back to $40 Brent and another glut on the way.
No wonder why Shale panicked and hedged as much production as they could yesterday, I bet they didn't get many takers at current prices. On the other hand of that could be a game to get Shale to Hedge at lower rates to keep them under control. Who knows

Biden is a joke, telling the world its need to get away from dirty oil and save the planet then tells Opec to lift oil production because the US needs cheap fuel .............. The man is worse than Trump

Biden now doing a Trump and will make sure fuel prices stay low for the US ! What's that all about ?
UAE "It's time to maximize oil reserve value"
UAE will boost oil production and increase market share to fund clean energy
That's all we bloody need ............... So close !!!!!

Romaron belittling Mrc now lol

Anyone else feeling left out ?
33p is where we should already be so he’s still being very conservative on valuation

Please don't moan about it Pelle as you will be jumped on by the Hierarchy

Key is dropping the debt to around 500m or below, Easily manageable with lower oil prices , extremely profitable with current oil prices. 2021 will see a large chunk of debt reduction. 2022 will be fantastic at current oil prices

Was that you Mrc topping up your portfolio this morning lol

Tullow out the trap fast this morning, we shouldn’t be far behind

Opec will flush out a deal next month and by then world inventories will have declined a further 50m barrels.
They know exactly what they are doing

Great article