Member Info for Krakenoil

Buying 1250000 shares at 24.15p off book as well.
Someone knows more than us by the looks of it.

Blimey I thought PMO was going to closed out in the red lost all gains in the last hour.

Blimey that sold off fast losing most of todays gains in less than an hour.

We are going to steam past 30p with ease this time around.

So who got caught on the wrong side of the trade today then ? Opec are gunning for high oil prices and they ain’t going to unwind the hard work over the last 6 months

They need to be very careful in adding back supply, We need another month.
If it wasn't for SA voluntary 1m cut then oil prices would probably still be lingering in the low 50's

The US distillate draw of 9.719mb is the largest one since 2003, the gasoline draw of 13.624mb is the largest since 1990 - EIA

Even bigger product draw

Epip Admittedly I will be shocked if they do agree to roll over the cuts , Opec still have a few members that need to compensate for over producing as well, not sure how that will pan out.

And you were saying Epiphany lol

https://www.reuters.com/article/us-oil-opec-cuts-idUSKBN2AV0WF

They need to roll over on agreed cuts for another month.

I’ll be well happy if we can hold 20p today

Demand is currently at 94-95m so we aren’t to far away from 2019 figures

Over the past 18 days Texas production was down around 3-4m barrels per day, we have yet to see the consequences of it

I just announced Texas is OPEN 100%.

EVERYTHING.

I also ended the statewide mask mandate.

Sell off tomorrow then ! Panic over Opec easing the cuts, SA adding back the million barrels as well

Don’t worry Jan, I’m still holding all my stock. 60p target price but if oil prices climb towards $100 going into 2022 then I’ll hold and trouser the huge dividends

Looking at the charts / Patterns Brent could bounce back today to around $65.2

If we can see off this Temporary drop in oil prices without much of a hit on our share price we should be set up for another run at 30p as oil price rise again