Member Info for Krakenoil

When oil finally climbs back above $60 The SP will be back over a quid and if the oil market moves into a super cycle we could see a return to $100 oil again
That would push the SP above 2 quid a share.
The market is moving into the 7th year of low oil prices, lack of investment and declining fields across the globe all the ingredients for a under supplied market.

They bought more Enquest as well

They previously held 4.13% That's a good sign of what to expect in the future

Brent now down a dollar from lunch time. Yo-Yo

Looks like we ain't going to recover today unfortunately, the market will push oil down into the close. Damn I was hoping for a repeat of yesterday. Oh well can't really moan, look forward to next week.

Most oil stocks seem to move with the spot price of oil so yes that's the one to watch most of the time.

Malafuster - your looking at the spot price of Brent and not the future price.

We need the spot price of Brent to climb towards $25 this afternoon to move us back into the green today. We've had our little tree shake so come on Mr MM give us what we want - Some greeeeeennn …...….might help you out as well SK lol

We the Opec cuts will do something to aid the price of oil so anything is better than nothing right now

Lets see how it pans out SK, we know 95% of oil companies cannot produce at current prices, the market will balance out relatively quickly ( Say end of the year) then we should be back to $60 Brent, Next year has all the signs of a supply shortage so I'm in for the long-haul

SK They are all desperately trying to balance the market so I see Brent back in the $40's next month.

Opec and Opec plus are now aiming for over 100% compliance for the agreed cuts.

Brent futures back in the green, only thing holding this down is the FTSE again, same as yesterday but the afternoon was fantastic. Will it repeat yesterdays action this afternoon ? Imho yes it will

Mugging over ! Up we go

I'm thinking we are going to see the same pattern as yesterday

Just had 6 attempts to buy, had to do it in smaller chunks.
Couldn't resist

This could well be the old Opec cuts come into affect today "Sell on news bullshat" Lets sell where oil heads over the next few weeks and if the media swing around from the constant doom and gloom, Shale rigs will be down again tonight.
Buy the dips

Here we go again, MM taking out the week. Another chance to add to the portfolio

We need a few days of consolidation to be honest let profit takers sell out to fresh new investors, but with oil keeping up doesn’t look like it’s going to happen anytime soon- up we go !

Profit is profit, don’t be greedy ..... leave that too me.