Member Info for Krakenoil

Hmmm what's going on here this morning ?

Back over 50p today ?

More news on Apache bidding for PMO ?

Aramco raises prices to the US by $0.3/bbl for August

Aramco raises Asia's August price by $1/bbl

I want to know what they are going to offer ?

https://www.hellenicshippingnews.com/us-banks-cut-energy-borrowers-credit-lines-as-oil-prices-remain-low/

The US reports lots of COVID parties to catch it and get it over and done with, that’s probably the quickest way to put it behind us.

Not a big percentage (about 0.12% )when we have 7.5 billion people on the planet and it’s been around almost a year

I’m concentrating on oil demand and where world production is going, the SP will follow oil prices...... end of.

Higher production from the BP deal adds more value to the company than what they cost.
Don’t be fooled by these scaremongering muggers

The motley fool never get anything correct if fact usually the complete opposite.
The fact is if there is any truth behind these rumours then the SP will rocket.

I wonder if tomorrows news papers will have any more information on potential bids for PMO

World markets now waiting for vaccine news.

Tullow hammered this morning as well, Not sure shorts increasing specially when Opec is desperately trying to balance the market and Russia see’s a balanced market end of July.
This could just be the usual suspects (GS) playing with the SP before driving the price up

All stocks not having a good day, time to turn off and wait for next week.

56p closing UT

Who wants a guess

Way oversold, the SP is now back to where it was on the 16th June with Brent trading at $39

Probably bounce hard after the mugging has finished and end up 56p

Weird start to the day, most oillies well in the red this morning even with Brent well into $42’s
Markets are weird

First time I’ve ever seen a stock dropping on bid rumours.
Unless the short side is drastically trying to hold this down

Totally agree Grippa but it would certainly prove PMO is way undervalued