Member Info for Krakenoil

Nothing hold oil back from rising now.
Fill ones car up before they hike up pump prises
Ferret best fill that boat up as well lol

Confirms demand is rising
Crude: (-7.5 Mb)
Gas: (-3.1 Mb)
Diesel: (-.5 Mb)
Propane: (+3.5 Mb)

Opec back in control of the oil market, Easing of agreed cuts to fill falling US production lol

No smoke without fire Ferret, That wont be the last time we hear about it either.
Back to the required equity raise, nothing set in stone on how the company will raise the funds yet, Zama sale could fund it or a equity raise somehow, or we may even raise it through the debt re-financing (Hopefully not), We may get a open offer as shareholders or a RI with a share buyback scheme planned. Who knows !
But what I do know is oil wont stay in the $40's for long and neither will our SP ! Up Up

Like I’ve said many times demand is returning fast proven by floating storage declining fast, OPEC will need to reduce agreed cuts next month if they want to keep a lid on prices

And will Brent at $100 the debt is paid off in a year. We have a real possibility of seeing Brent return to $100 in Q3 2021

Brent spot price about to break into the $43's, A positive OPEC meeting will send us straight back to 50p

Once the usual 'sell on news' idiots are cleared then the usual move back up.

So the TU was a nice read. No negatives, but the biggest news this week will be what Opec decide to agree on today.
If they agree to keep the agreed cuts in place then Brent will probably move up towards $45.

Here come the de-rampers out in full force this morning - bang on Q

That’s a much bigger draw than expected

Crude -8.322M
Cushing +0.548M
Gasoline -3.611M
Distillate +3.030M

Boom

Just gets more and more cringeworthy each and every day. He is a complete moron !
Ferret annoys me but puts up a valid opposing view to mine, I don’t like it but I respect it.

Someone knows something, this doesn’t move like this a day before TU.
hmm leek !

Any more rumours of a potential bid will rocket the price not move it 7%

So did Jefferies get the heads up before upgrading PMO to a buy and target of 68p ?

Buy the dips !

This TU may be a tool to push the SP much much higher. I also think Opec will please the market tomorrow as well.

I’ve been buying on the dips here, building a position for next year, my average is very low and I can’t see it dropping into the red again so looking ahead and targeting 1.20p plus is my aim. Patience is the key.
PMO has been my best investment ever apart from a £20k gamble on Ukog before it rocketed.