Member Info for Krakenoil

Cant believe we are struggling to hold 17p with Brent above $68. Great Hedging for 2021 with Low Opex and Low capex
The Market is mental

Too large trades this morning, both soon as sells but looking at the timings and the prices, both must have been Buy's

If its cheap !!

Depends on Hur’s debt levels

Just wondering if my top ups were timed to perfection today.
Fingers crossed

Another crack at 18p tomorrow?

Give me 60p and we're having a party

17p = Mcap of £288m is ridiculous for any company with a Monthly FCF in excess of £40m

Money where my mouth is MRC

Here comes another £22k top up

All todays posts have gone WTF

You've done it again FFS

£21500

MRC you've put the mockers on Brent

This is what's caused the mini sell off

JPMORGAN RESUMES TULLOW OIL WITH 'NEUTRAL' - TARGET 46 PENCE

All these green energy sources require huge amounts of oil to manufacture and none of them are renewable and have to be berried in the ground once they come to end of life, Electric cars use huge amounts of oil during manufacture, also require tyres, plastic, copper, aluminium. Also all the roads need digging up to put the Infrastructure in for all the charging stations, tarmac for the roads (heavy oil) no way are we going to see oil disappear anytime soon, just look around you house, most things made from oil.
It’s all bullturd

It’s the Iran deal that has panicked the market, Iran has stated they will hike exports to maximum capacity as soon as the deal complete, these inspectors have only been given limited access but still it looks like the deal will complete quickly (Madness) Iran wants to be a nuclear power end off and lifting sanctions is giving them the green light. When have Iran followed any rule

Had to be around 5.5%

I've got one more buy to make, I was saving it for the OO but I might just buy now and then Sell what ever I need to cover the OO percentage. Hmm Decisions

Until we get demand back around 100m I cant see much movement above $70 , another few months and European flights should be back in the air and India should be in recovery mode , end of the year is when they expect to be back to Pre Covid demand.
Good Hedges cover any dips so this year looks good anyway.