Member Info for Krakenoil

#Crude -2.533M
#Cushing -1.209M
#Gasoline +5.640M
#Distillate -0.872M

Seems very convenient

Who said US production won’t bounce back fast ? The EIA forecasts US production back up to 11.5m by the end of the year.
They don’t have any discipline whatsoever

This pipeline issue is negative for oil prices, we need oil buyers selling as fast as possible not blocked pipelines.

Chilting - I’ve been invested in Enquest over 5 years as well and I agree with you - been on edge the whole bloody time. We can all dream about high oil prices and Enquest in a position of power. One day it will be I’m sure.

We could do with a monster draw tonight, followed by a Glorious update tomorrow morning along with the start of Dividend payments for next year.
Sit back and relax

Lagging towards the couscous side going into close. Tight ship in the Enquest office

They are panic buying fuel but that doesnt help what we are looking for. We need oil demand to rise, the planes back in the sky's over Europe for starters and india to start recovering from this wave of Covid

Might get some late volumes today direction might indicate news. Always gets out

The update could be fantastic and the OO could be announced at todays closing SP, This could be what we've all been waiting for.

If that were too happen it would probably send the SP into orbit

Slim chance of that

Troll Troll Troll - Most here have invested our hard earn for quite a long time unlike yourself. Not so long ago you were calling Enq insolvent and advising everyone to sell. You have a very one sided memory
Am I not entitled to vent frustration knowing full well we are so undervalued.

MRC what are you going on about, I'm just relaying why I think the market panicked a little this morning.
I know things are good here otherwise I wouldn't be bloody invested ffs

The flip side to that is Moody's have upgraded the Airline industry outlook to positive

The media are now reporting that the indian variant is now moving into other countries fast, specially the Philippines and the other negative news for oil prices this morning is Russia has increased production again to 10.51m for May. Is this going to cause the rest of Opec + to start fighting for market share as well ?

We still have someone selling lumpy 100k or 150k amounts here . Been going on for weeks now .

Morning Pelle, This is why I get so frustrated, we could have £1b in the bank yet the Mcap would still be on its arse, I just don’t understand why the market wont respond. Oil prices could be on the way to $100 and still our volume wouldn’t increase. We have way out performed both Tullow and PMO over the past two years and still no reward. What the hell do we need to do to change this ? At this rate 30p looks like a dream away and 60p looks impossible
AB will just have to dish out £100m dividends each year - I’d be happy with that

What rumours we talking about

Be a miracle if that were to happen today considering its Friday.
Fingers crossed

Also the agreement stated that anyone over supplying needs to compensate it by the end of September, so how they going to do that if demand demands current supply.
SA may have played this game perfectly