Member Info for Krakenoil

98% of oil companies across the globe are now losing a fortune. Better off shutting every down for 6 weeks

WTI now $23 teens tomorrow

Last chance to buy in the 14's wait 15 min and your be able to buy in the 12's at this rate.

IRAN PRESIDENT ROUHANI SAYS IRAN RESPONDED, WILL RESPOND TO US ASSASSINATION OF GENERAL SOLEIMANI

Enquest has been affected you mallet. Have you seen the oil price ?

If they don't hurry up and cut there wont be anyone left to buy their $10 oil - There wont be a world economy left. Shouldn't they be trying to protect their customers rather that destroying them ?

Can it ??????

Will we see this in the green at close ?
Mmm I think we will

Exxon cutting a massive percentage of capex this year.
US production is going to fall below 10m barrels in H2

Makes zero difference what our share price is valued at, could be 0.5p or £3 the company still hedged well, pumping oil and with great reserves.

Ferret de-ramping again lol

This could finish green today, big news tomorrow

Don't be stupid !!

RBC Just given Tullow a target price of 20p !

RBC Gives Tullow new target price of 20p !!! But Enquest 1p WTF !!!!

RBC New target 1p !!

https://www.ft.com/content/5da86a66-654b-11ea-b3f3-fe4680ea68b5

This will hit oil producers big as well, this could be a bigger problem than the demand side. What if we lose 10% of oil production? Takes a long time to ramp back up after shut downs.

So when this CV hits the worlds oil infrastructure, platforms, FPSO, tankers, ports, shale. Etc then what ? Supply shortage will be huge as ramping up production takes time !

Need world oil infrastructure to shut down including both Saudi and Russia. Would certainly cause a rise in oil prices