Member Info for Krakenoil

Who's going for a further drop in rigs tonight ?

It says “fill ya boots “ you mugs

Chilting I don’t agree, I think the hundreds of small producers that supply the other 40m bpd To the market are the ones that will cause the price to climb back above 100 bucks, these small producers are in decline and nothing in the pipeline to replace the decline, OPEC, Russia and the US cannot cover this decline either, oil demand will hover around 95m bpd for the next 15 years at least.
We are moving into a under supplied oil cycle.

Ferret you really are a just a troll, I started to give you a little respect, you buy in at 36.1 then sell on a little profit and then call 20’s all within a few days.
Back down to DBNO level for you

Ok then PMO is about 230% away from this time last year

Ok then the SP hit 141p on the 5-8-2019.

You cant pick the dips or the spikes ffs you have to use the average over a sustained period !

Cairn is about 12% away from average 4 quarters pre Feb 2020 .

Cairn are almost back to pre Covid value. Debt levels are very low but shows the risk is reducing in the sector.
I'm positive the rest will follow suit in the near future.

Quite a few of them have been slowly reducing over the last couple of months, TT investments have moved to zero last week

Its not the oil companies going bust we need to be focusing on but declining production rates of the ones that are not going bust.

Gold selling off was a sign that money is moving away from a safe haven, possibly back into rock bottom commodities such as energy. Most larger funds will have seen oil demand improvement over the last couple of months and now taking Staggering positions.
And obviously they know far more than what we know and they have more patience than most of us here.

Wonder what delights we face today ! Probably down badly for some reason.

#API
#Crude -4.401M
#Cushing +1.073M
#Gasoline -1.310M
#Distillate -2.949M

Another large draw
#API
#Crude -4.401M
#Cushing +1.073M
#Gasoline -1.310M
#Distillate -2.949M

A nice gradual rise will do me just fine. One day PMO will return to paying a dividend maybe 2022 .

Agreed TD has steered us into the mud announcing a cash call before actually doing it, most stupid thing I’ve seen from a ceo that wants to raise funds without damaging shareholders investment, should have kept his mouth shut and then once refinancing is out the way do a cash call when our SP is around 80p, would have been perfect

Ammu, Go away FFS you’re an irritating James Hunt.
If he bought back in at a lower price than what he sold for then he’s done well.

Gold is a good indicator of risk within the markets, Has it topped out ? Could very well have.
Positive signs if it does.

Ferret, there will be much higher demand for everything , we are running short on everyday items already, So what if the figures are terrible, we know the figures are going to be terrible but we are now positioning for the future. People still have lots of spare cash and that cash is burning a hole in the pockets.
The estate where I am has 40 plus businesses of all different trades and every single one of them are flat out. Thats not a sign of a start of a recession in my view and I've been through a few.
The large companies are using this period to clean up the dead wood within and streamline themselves going forward, New companies will replace the fallen ones and soon the shops and pubs clubs will be rammed again, this covid will be forgotten about next year and classed as the common flu.