Member Info for Krakenoil

Why do we always take the biggest hammering ?

Pig sick

PS Now looks to be at full speed towards Kraken

We opened on Friday at 27.04p 10 trading hours later we are 23.3p. That’s some movement !

That would certainly push oil back down to low 40's maybe even lower for a while until the week fall over

Squif we have been saying that for years now. Unless Shale cuts its production rates (Which it won't) than we will be stuck with oil prices range bound what the EIA have forecast over the next ten years.

That's the only hope we have I think Chilt, thank god for global warming then lol.

I think its the other way round Squif, Demand is being hugely damaged but oil storage will grow the glut again, Shale will keep on supplying more and more each month, this virus is now out of control, god knows how bad this is going to get.

Market being murdered

Well the fact is they are still pumping more and more, the EIA expect another US production record next month

Shale seems to have a endless amount of money keeping production growth climbing no matter what. The EIA predicts US production will keep rising over the next 5 years, they have been right so far

Opened -2.7%. :-O

Madness

Spin have you been on the source already today ? or has poets day muddled up your brain cells ?
Take a deep breath, slow down and have translate your last post for us less able/bothered to figure out your poetry

Yesterday we opened at 27p now the oil price has risen a dollar we sit at 25.4p

Maybe a nice day coming! A move back to 45p likely today

Hit or miss is part and parcel of oil companies, you won’t hit oil every time ! It’s no big deal !
The oil price is the big deal

When did I say the tanks had been removed? I said the tanks are to be removed complete and not removed in sections as I thought they would be. I also said production will re-start in H1. If you want to have a dig at me at least read what I said.

Typical oil selling off into 4.30, expecting the usual bounce straight after close.

Look at the statistics during the manufacturing process, EV manufacture is far from carbon friendly. I'll see if I can find the report and post the link.