Member Info for Krakenoil

This could be the start !

Hi Pelle, I bought back into all three after the initial drop in early 2020 Enquest being the largest, I sold Tullow mid April this year and bought more Enquest, I stupidly held onto PMO for longer than anticipated as I believed they would rise quicker than Enquest.
I now hold about 50% more shares than I sold(on Chilting’s recommendation) back in Feb 2020. Without adding cash to my portfolio.
I haven’t sold a single Enquest share since Feb 2020.
I just can’t gamble and then face the SP re-rating without me (be Just my luck)
Looking forward to our 60p party along with shareholder returns, where I’d like to thank Chilting, Jan, pelle, and the other long term posters on here. (Even Romaron for calling me a moron and obviously thinks I’m a thick plank.

Fundamental's always value a stock correctly in the end.
The next update in September will be the one we've been waiting for.

Morning Pelle, I'm surprised we haven't had updated Broker ratings across the oil sector. The last ones were around March time and Brent has risen a few Dollar's since then.

You jinxed it again

Romaron Chilting is right Enquest must also diversify into green energy, oil is seen as filthy and has to be dropped one day like coal, we are here to make money and I don’t care where that comes from as long as it comes, I want Enquest to diversify into green energy to bring back the major investors pushing up our Mcap.

Romaron standing up pushing his neck above all the other apparent dim wits on here. Lol
Romaron you are no better than any of us on here. We all have different views and strategies and that’s why we chat on here.
Get off your high horse ffs

Epip and you believe everything posted on these forums lol

Epip you ain’t having a tantrum are you ? Lol Where’s the Friday feeling ?

Doh ! No problem letting more carriers into the country now it’s already here, no point trying to keep it under control then !
****** to it

Probably catch everyone out and Brent will bounce back above $74 this evening

This so called Indian variant is grabbing the headlines again, cases up over 80%, yet we still keep the boarders open to India lol

I thought we’d seen the Enq of the teens with Brent above 72 and the refinancing agreement done.

Morning Jan, Its possible that depletion is a factor and its possible that they have less in reserve than what they report but the market has to believe what Opec report.
Most are probably cheating as well but we wont know for sure until countries are shouting at them ' Where's our fracking oil we ordered last month' !
Everyone could already be pumping flat out as far as we know and it only leaves Iran's supply in reserve !

Just shows the market is still very sensitive towards over supply, We still have around 6million barrels in reserve that can be bought online quickly so until that figure drops down to around 3million traders will be nervous going long on oil and oil stocks.
Q4 will be when we see things tighten up nicely. providing the US behaves.
Hold for Gold

Lets hope this drop plays out to our advantage

So what’s driving this ? Just over bought or something more substantial?

What's also important is the speed of there oil stocks is falling, looking at the rate of decline they could be at below the 5 year average and If they carry on at the same rate going into next year Imports will have to increase substantially
I don't think US production at 12m will make much difference

They seem to be increasing production from 10.5m in December 2020 to 11.2m in June 2021.
I hope they can’t push much higher this year but we all know deep down they will manage it somehow

Mrc by the end of this year I believe US production will be nearing 12m again, already back up to 11.2m