Member Info for Krakenoil

MRC That's not a business plan FFS

We have reduced our debt from almost $2billion to $1b but still the Mcap doesn't rise, So at what point do you say the SP should rising ? Its like the never never
Like I've said before and ill say it again until I'm blue in the face, what's the business plan ?
If anyone of us wanted investors the very first thing they will ask for is 'Where's the business plan' Then they will scrutinise it before any decision.
Our future lenders will have the long term plan In front of them so why keep the market in the dark ?

Epip The volatility in oil prices don't do us any favours.
The PC brigade seem to be in charge throughout Europe and these big funds are more concerned about upsetting people than making a profit now, will they sit on the side-lines and watch oil prices move up and up without increasing positions in oil stocks is the question. On the 22nd April with Brent at $66 Jeffries(Jeffries are usually conservative ) upgraded Enq to a BUY with a 28p Target so why are we still sitting at 17p with a higher Brent price and the best hedging we've had over the past 5 years. If this all hangs on the refinancing then fair enough but even so the current SP should be very attractive.
Badly Frustrating ...... Tell me you think differently !

Come on then who's happy with the current SP performance ?
None of you !
You are all moaning one way or the other , making long winded excuses as to why the Equity hasn't moved.
Build it and they will come bla bla bla I've heard that for 5 long years.
The only one here I believe holds a sizable stock is January.
In the same position as both of us you would all be bloody moaning.
The BOD have done nothing to promote the stock , in fact the complete opposite
Balloks !

Epip So its fine for you to moan about the SP but not me ?

The Judge must be a tree hugging hippy in his spare time. Stupid ruling

Modestus I wasn't moaning you plank. It was meant to be a joke.

You would think it was Enquest was the one taken to court. -2.7%. Most other oillies including RDS hardly moved

If AB wants a much larger percentage, no better way than to give zero discount to the SP knowing full well most shareholders won’t take the offer and that leaves AB to fill his boots at the current SP knowing full well the price will rise fast once completed. He could have pulled a master stroke

We ain't Tullow but I hope thats the only thing holding us down and we have no skeletons in the closet that we no nothing about

Blimey 50p ! We are struggling with 17p with Brent at $68 how's a $7 rise in oil price going to push the SP up that far ?
Unless Enquest give us a clear plan to a return to dividends we ain't going above 25p, the market has all but given up.

Morning Romaron, The only way to make the equity impossible to ignore with all this stigma towards oil is a return to Dividends even if they are small. Enquest need to give us a path to that (2022 possibly) then these funds would certainly be keeping a very close eye on us or start building positions.
AB must have a exit strategy for retiring. Selling his stock or the company is the only way, his average is way higher than our current SP and he'll want a good profit.

We are being avoided like the plague for some reason even the bots have given up. 17p = Mcap of £288m - £40m a month in FCF and we have zero interest from anyone, never seen anything like it to be honest.
It’s like the whole market knows what’s going on and us few silly sods are stood in the dark waiting for the never never party to start.

This should help tomorrow

#Crude -0.439M
#Cushing -1.153M
#Gasoline -1.986M
#Distillate -5.137M

Brent not moved all day.

I would love Enquest to add a little bit of Bullshat green energy into its portfolio, would sort of give the Banks the green light to invest again, we wouldn't be seen as a dirty disgusting oil company

We need to see huge draws tonight, Like watching the Rolly Polly's on stage

MRC After yesterday - Shush

Abreed Johnson and the rest of the cabinet need to get the house in order before making stupid ridiculous targets, the whole system is a complete shambles.