Member Info for Krakenoil

Carrot my guess is the market will be balanced around Christmas time.
I’m going to say Brent will be mid 30’s end of the month

Carrot world air travel use approximately 7m barrels a day, OPEC deal has removed far more than that amount, the oil market is far closer to balancing than it was last week

Possible deal with Arcm at 30p then ? I wonder

So basically the agreement to raise equity has lapsed therefore without another agreement across the creditors then there will be no equity raise.
Is that this RNS means ? Any lawyers out there ?

Crude: +4.590M
Cushing: +2.068M
Gasoline: -3.158M
Distillates: +9.518M

There we go ! Boom

Waiting for EIA numbers !

Funny how the SP hasn't risen over the last few days with rising oil prices but falls instantly as oil drops, same old mugging going on

Starting pistols will fire at 2pm today - the shackles will be off

Yes we do out perform both PMO and Tullow but the market still doesn't bloody like us for some unknown reason, Maybe this time round it will change and we will have our long overdue party.

Just Think of where those batteries come from in your vibrating rocket

Ok Tanya

Think of that when you clean the toilet

https://www.fca.org.uk/publication/data/short-positions-daily-update.xls

Tanya, think of that when you're pilling on the make up

So that's £42,700,000 worth of stock to buy today to close out, should move the price a little lol

Chilt PMO will only raise funds if the Assets on the table are well and truly worth it, same as our Magnus deal was. That certainly was AB best move to date. PMO are in a slightly worse position than us with current oil prices but the market seems to love it and the SP will move faster than ours.

Strange how none of the oillies have moved up over the last week considering oil prices have moved up over 20% !
What's holding them down ?

How on earth are they going to close that position 16% is huge, they might have been a little too greedy and now thrown themselves on the hook.

Asia Research & Capital Management Ltd hold a 16.69% short on PMO Opened on the 29/2/20
That's some profit they have made but now face losing it as the oil price recovery gains traction. That's a lot of stock to buy under 77p

They worked very hard to subdue prices yesterday but there is only so much they can do, they are here to make money and they certainly wont lose to much of it so I see those short positions don't have any other option now other than to start reducing and either sitting on the fence or tipping the scales to the long side.