Member Info for Krakenoil

Probably be back in the red this afternoon.

We must be on the verge of a Breakout
30p before the refinancing will be the key to the 60p party

Yes I remember that chilt, I also remember working on a Sunseaker when the SP hit 55p in Jan 17 and having a little smile to myself thinking it was going to hit 75p as the driving season took hold, then the dream was shattered as the SP fell back to 24p by the end of the summer.

We were 30p in Jan 2020 with Brent trading at $71
At some point we have to move back up to that.

#Crude -2.108M
#Cushing -0.420M
#Gasoline +2.405M
#Distillate +3.752M

I don’t believe this rubbish, the data were are seeing doesn’t equal the above figures.
This is blatant bullshat

Brent almost at 72 and Enquest -4%.
I’m not bloooooodddddyyy moaning either !

Are we on for a large product draw again this evening? Demand has been the highest since March last year.
It should show quite a hefty draw.
Brent $73 by the end of the week

Opec are still holding back supply so obviously they want oil trading above $70 otherwise they would have released further supply at $65

They also have lots of sand storms so keeping the solar panels clean is going to be difficult and how far down do you need to pile for a good foundation for wind turbines ?

Almost given up last weeks gains, now only 8% away from giving up the whole months gain.
Who else feels the frustration

19p is a Joke with Brent sitting at 71, but the whole sector is following the same pattern on the charts.
How long can the market ignore the FCF coming in ? We certainly need a move to 30p before the refinancing is announced to draw a line under 30p.
The longer Brent holds current price the better our average will be for the year.
All we need is the European flights to get going properly and some of the excess supply reserve to be used, the next 6 months is the key.

https://www.bloomberg.com/news/articles/2021-06-05/rosneft-warns-of-severe-oil-shortage-amid-hasty-energy-shift

How rich would that make AB ?
Be unbelievable if it does happen

Profit is profit

Surprised we haven't yet moved up towards 21p.
Won't be long

Tullow is leading the way back up the ladder, certainly shows what a good refinancing can do.
Come on Enquest you are still 50% under valued

That's the first time in weeks the UT closed above the SP at 4.30 .

If Brent were to reach $200 the SP would be a lot higher than that probably near £2.50 lol

If we are anywhere near 30p when the re-financing deal is announced then I cant see why we wouldn't see a new 5 year high within 6 months with good hedges in place.
Has the worm finally turned ?

Higher than what you sold out for lol.