Member Info for Krakenoil

This is a monstrous problem for the movement of oil supplies if they cant clear this quickly. The only downside is that it could affect our shipments going to Asia.

So currently the market is valuing the new combined company at £4.3b but the new company is comparable to Lundin and AkerBP in size, assets and production. Lundin Mcap is £6.72b
This is a no brainer buy for me

Probably see the oil price climb back up after 4.30pm market close

Burnt shorts ! The only ones with burnt shorts round here are us poor shareholders

The EU 's terrible condemnation of the vaccine has certainly ruined any chance of a recovery this year, their Tourism is screwed.
Even if the EU turn around and approve the vaccine I doubt many people will take it. Once the EU stated it was unsafe thats it people wont go near it.

THE FCA turned a blind eye to this last time, these creditors had information that the market did not, that enabled them to borrow huge stock and sell into the market driving down the price, they did not inform the market of this borrowed stock either, breaking the law (given a small fine)
Something must change

PMO certainly has ruined a lot of people, legal robbery at its very finest

Gosia the vaccines the UK purchased are under contract and we receive them in batches as they are made we haven't bought a massive pile of them !!

Lets remember PMO's share of the new company will be 5-5.5% the new company will be comparable to Lundin value and currently they have a Mcap of £6.5billion - 5% of that is £325million so our current Mcap is £241million so we are way under valued. This is a easy buy for me Especially if we end up with 5.5% of the new company.

Lets remember PMO's share of the new company will be 5-5.5% the new company will be comparable to Lundin value and currently they have a Mcap of £6.5billion - 5% of that is £325million so our current Mcap is £241million so we are way under valued. This is a easy buy for me Especially if we end up with 5.5% of the new company.

Borrowed shares have to be returned so at some point before the stock is suspended or they face a massive gamble. I think they will buy the borrowed stock before the suspension date, this could get very interesting next week. If i had shorted the stock above 30p then i would buy it back now and realise my profit before its to late. If Iran and SA go at it oil prices will jump massively

I will gladly pick up as many shares as possible if that happens and then sit back waiting for my investment to double handing me out pleasant dividends twice a year.
No more stress and worry.

SAUDI-LED COALITION JETS STRIKE HOUTHI TARGETS IN YEMEN CAPITAL

GOLDMAN EXPECTS BRENT TO REACH $80 PER BARREL THIS SUMMER

Anyone fancy a party this year ?

AA sometimes you need to realise you were handed 2 chances to buy in and you've let it go, I'd give up.
30p soon

Damage limitation today

Largest fall in oil prices since December, no sign of the bottom yet either.
Opec cheating and Iran pumping flat out.
If we can hold 21p tomorrow it stands us in good stead for a move towards 30p as prices rise again next month

Oil down 3.7% from 11am and falling, we are now back to February 17 oil prices.
These swings are a joke.

I wonder if we've hedged well .
I hope we have as Oil looking nasty again

Looks like another sell off due to this apparent third wave in Europe, A big round of applause to the EU over their vaccine roll out.