Member Info for Krakenoil

I’m out.

Doom and gloom now driving oil stocks, US drilling rigs are rising fast, US production will rise, Iran will carry on increasing supply, Opec and Opec + will have to defend market share so where does that leave oil prices ? Range bound but to the low side. We need demand and European flights to rise. US driving season will also help.
Our share price seems to move about 1.2p per dollar.

https://www.themoscowtimes.com/2021/04/12/russia-may-have-passed-peak-oil-output-government-a73558

This South African variant along with Brazil, India and specially Europe being hit hard and in lockdown is weighing on the oil market. Once we start seeing their number declining and signs of them getting over it then we should see the market recover again.
Bloody Covid !

Its always been the same, the MM just moves the price down to find the trades.

We are now down over 30% over the last 30 days, we now need over 50% to get back to where we were 30 days ago.
WTF is going on

All of them selling off still, does the market believe demand won’t return ? This doesn’t make much sense or have the figures been molested ?

Brent will need to fall back to 58 to see 13’s again

The market is always in front of the news and data available and I think we’re sitting around the bottom now, the Iran deal is what the market sold off over fearing another 1.5m barrels coming into a fragile market, but with Iran demanding too much the deal doesn’t look likely to happen anytime soon. But with Iran pushing for nuclear capability this may leave no other option other than military action.
World demand is rising each day and flight numbers rising, European flights are the key to higher oil prices as that’s were demand is lagging. Not long now

£10 a share - Not a chance of that but certainly 20p could easily be reached.

Back to double figures soon, strap in and hold on very tight. Lol

So Iran now want ALL sanctions imposed since 2017 removed before returning to the nuclear deal.
That is not going to happen.
Could swing around again and get a bit messy
https://t.co/ujELIlEJK5

Must admit it does get me down, we never seem to catch a break here. -30% in less than 4 weeks with Brent still trading above 62 bucks.
Might all turn around next week who knows

This is a joke to be honest and its no wonder Chilting lost patience

Always looks like he falls asleep for a few seconds in the middle of his speeches. He's too old for the Job.

JCPOA Iran has Satisfied the experts over the last 3 days - The commission will reconvene next week to maintain positive momentum
So Iran not out of the woods just yet

Hi, Romaron , Both companies are under valued and I think Harbour will start to move north towards a mcap of £5b towards the end of the year.
We are ridiculously under valued and currently should be north of 26p
Enq moves quick but also sells off quick then returns to low volume allowing the MM to walk the price down and down trying to find a market.

So it looks like the US will lift all sanctions on Iran today.
Will Iran abide by the terms of the deal ........... NO they won't is my view they will complete the Enrichment of uranium and move closer to gaining nuclear weapons.

Daily flights are just over half of 2019 numbers

Frac Flight numbers are nowhere near 2019 numbers, daily flights 2019 189k, 2021 daily flights 98K
That's a huge difference