Member Info for Krakenoil

How the hell can this be in the red again, Brent in to the $60's and this falls into the red WTF

Romaron- Funny you talking about grants for green energy my father in law has just had a heat pump fitted in place of his gas boiler and the grant was to cover the cost but now looks like the grant is not going to cough up and he’s not to impressed with it either, bit like when they banned the 100w light bulb, we ended up fitting 10 LED down lighters instead and it’s still to dim to read the paper without a table lamp. The old saying is still true - you don’t get power without fuel !

That’s old news nate

Biden says the US will not lift sanctions to bring Iran to talks.

Well that’s not going to help bring down oil prices lol

Gkb Opec and opec plus cut production to balance the market the US ramped up from 10m to 15m how’s that not flooding a balanced market ?

The only company that twists its good news into a negative read, takes accountants and expertise to see through the smoke screen

Gkb - tell me how Biden is going to keep the planes on the ground and how he’s going to stop people from driving around in the US.? They vacant walk of use a bicycle to go to the shops or see friends, can’t tow there boats with a Tesla
Biden won’t be able to stop oil demand rising past new highs this year into next - but he can and will cause production problems

I just want to know why Enquest made this deal sound so negative, it’s as if they wanted to drive the SP down, this deal had to be picked apart to see in actual fact it’s very positive.
They could have made the update sound exactly how it is and driven up the SP

That’s great news then Ammu - I’d get back in quick if I were you

So our guidance of 46-52k production- did this include the 10k from Eagle?

In 2016 when the company raised at 23.5p the SP didn’t drop to that far, and then bounced fast to 32p. Some tried to trade it but were left having to buy back in at a higher price or face sitting out the game.
I would not try and trade it but I will buy more stock if the SP fell towards the RI.
If oil prices keep going up then the SP won’t fall far

Will it steam straight through $60 or will it cause a sell off.......... Setting it up for a sell off going into close is my thought, I'm going to mop up if it does.

The market cannot ignore the price of Brent. We will move up, The market has already forgiven Tullow (Back to where the SP was on the day of their poor OU.

Can anyone see the orderbook on L2 ? Interested to see if we have any larges orders sitting there waiting to be filled.

We've been played like an old fiddle.

Tullow now bounced back from 25p after its poor update and its downgraded production forecast for 2021
We moved up to 15p in June last year with Brent trading at $42 .
We are undervalued comparing the SP over the years.
Hopefully we see some movement before the cash call.

We need to keep an eye on the short positions.

Pelle, We’ve been saying this sort of thing for the past 5 years, but every time we shareholders are kicked in the knackers with something that either dilutes our stock or tanks the SP.
Why Enquest like to keep the market in a state of uncertainty is beyond me.
You are correct we need a clear plan to see what we are aiming for. As a company growth and mcap value is what we are here for isn’t it. Otherwise what’s the point

Big jump another 14 rigs added this week, here come Shale to ruin oil prices.
Who said US production is going to decline?

They can’t hold this for much longer, Reddit could blow this before the takeover completes, now that would be funny