Member Info for Krakenoil

Morning Chilt, Lets hope we can hold 17p today.

How far will they drop it before it bounces?

I'm waiting

I’m waiting

I should have sold out yesterday, We never seem to hold a nice rise. -8% Do we really deserve that drop with oil dropping just a dollar ?

Mrc- you know me better than that, I haven’t sold a single share, I buy the dips.
I’m waiting for a super cycle to get going and dividends to start, then i will retire

Now they are saying we are going to get a third wave of the new variant in March FFS !!!

The US is ready to speak to Iran over the nuclear deal, obviously sanctions will be lifted as they all bend over for Iran to say ‘Yes we will stop making nuclear bombs’ ;-D
We can sell billions worth of oil giving us plenty of money to Not build any bombs... well just a few.
Israel will be thrown under the Bus

TD will have been very well rewarded for his destruction of Premier oil.
He’s thrown shareholders under the bus, corruption at its very finest I’m afraid

Another week or so and the weather will change and everyone will have forgotten about it.
Biden won’t change his mind about shale that’s for certain

It’s mad, they lose around 4m barrels but now blame refineries for not processing fuel.
Demand is higher due to cold temperatures and both fuel and oil inventories will be down massively next week... and the oil price falls .... You couldn’t make it up lol

What’s pushing oil prices down ? After today’s Draw I would have thought that would have underpinned mid 64’s ?

MaverickD I think you've blown your load too fast.

We were almost 30p last year with oil prices where they are today.
And NO Trump tweeting causing panic either.
It’s very possible that we see $80 Brent Q3 .
We could very well break 30p this year maybe even 40p come Christmas.

Another big draw

Crude: -5.800M
Cushing: -3.000M
Gasoline: +3.900M
Distillates: -3.500M

Saudi going to reverse the 1m barrel cut .

What's happened ? Brent Down over a Dollar in 15 min

That's another step closer lads

Straight into the new company with paying dividends

Reducing their exposure, ARCM may not but that’s only 6.5% so that still leaves a lot to buy back in or hand those shares back.