Member Info for Krakenoil

Climbs back up from 10.43m barrels in October to 11.12m barrels in November.
Who said the US couldn’t ramp back up ?

Oil price bobbing up and down in the water , traders just moving the price with ease.

The British government should step in, India is basically demonising itself to the rest of the world.
Will they cut their noses off to spite their faces over a tiny amount of money they owe. $1.4b
If they pay up then I can see our SP doubling over night.

The market always prices in the risk so I would say 18p is cheap

And oil prices turn Red. You couldn’t make it up,

Super - Yes the refinancing is the worrying part for me as well, thats the part i dont like if they cant secure one then Tullow could be in big trouble

I might consider buying back in around 20p but that update was a big warning

I held some Tullow but reading that update I had to sell out. Just bought another 77036 shares in Enquest.

Very worrying so i've had no choice but to sell out.

Crude -5.272M VS Est. +0.603M
Cushing -3.475M
Gasoline +3.058M
Distillate +1.398M

Crude -5.272M VS Est. +0.603M
Cushing -3.475M
Gasoline +3.058M
Distillate +1.398M

If we see a draw tonight then expect a leg up from here

Look out DBNO has predicted oil price to tank, quick everyone do the complete opposite to what he says

Bladesman if you think the bond holders are looking to sell the converted stock straight away then you are a fool. The conversion is already set in their favour and they will earn far more from this than the interest payments they were receiving with the bond.
Once the all the borrowed stock is sold into the market they (Short side ) is then sitting in the river without a paddle. They may not have much ammo left to push the stock down

Not its not but we have a Short side that's in control and have to convert to the long side and if the oil price keeps on edging up that put them in a dilemma of what to do same as us longs - do they borrow more stock to sell to push the price down or do they just sit it out and wait and see........
But if the Covid numbers start to drop quite quickly as the vaccine takes affect then what ?

So the market cap of AkerBP today is £6.3b and Lundin is £5.75b

So the Mcap of both are a lot higher than back in October when she done the comparison plus we have £4b worth of Tax credit to add to that.
So I would say fair value now would be between 22p and 27p

So let’s say we have a Mcap of $5b our percentage of that say just 5% = $250m so at today exchange rate we should be at £183m mcap =19p per share. So we are floating at rock bottom now.

Hi. ********,
You are correct, the value of Premier’s shareholdings will be between 5 and 5.5 per cent of the market cap of the Combined Group. However, it is very difficult to put a market cap on the Combined Group given Chrysaor is not a listed company.

That said, the Combined Group will be similar in size to that of the Norwegian E&Ps – Aker BP and Lundin – in terms of production, reserves and balance sheet. Moreover our production is more tax efficient given that we have our $4bn of tax losses. It would therefore not be unreasonable to expect that the market cap of the Combined Group would be similar to that of AkerBP and Lundin who have a market cap of c. $5-$6bn.

Note that the Transaction will involve Premier acquiring Chrysaor, with Premier retaining its stock market listing.

Kind regards
Elizabeth

That was when Brent at $43.3 a barrel

Ferret, I sold most of my holding here at 23.6 in November, I did buy a little back at 20p that I'm now underwater with but ill hold that now as we may see this jump next month.

Well PMO certainly let the short side take total control of our Mcap.