Member Info for Krakenoil

That’s funny ! As every time I’ve seen large tanks removed, they are always cut into sections and the sections are stacked flat from transportation. Hang on lads I’m cutting the last plate holding this 1000 ton humungous tank - brace yourselves!

500t crane is heavy lifting gear you idiot ! Put it into prospective, who wants anything heavier than 5 tons swinging about on a crane close to anything structural or anything else for that matter.

Remember when they remove the tanks, they cut small sections off at a time so no massive lifting gear required. It’s the safest and easiest way to do it.

Atmosphere in here ?

Shall I lighten the place up with some moaning ?

I'll relax when Brent is back into the $60's, this year we must have a realised oil price of mid 60's to reduce debt under $1b.
Fingers crossed we see Shale production plateau later in the year.

If Opec agree to further cuts at least that puts a floor under oil prices. Stops the algobots selling it off anyway.

Keep your eye on oil

CHINESE TV: RESEARCH TEAM AT ZHEJIANG UNIVERSITY HAS FOUND AN EFFECTIVE DRUG TO TREAT PEOPLE WITH THE NEW CORONA VIRUS

Brent was hovering around $68 before The US killed Soleimani pushing oil prices up.
So they have said China demand has fallen 20%, world oil demand has fallen 2.3%, oil prices are now down 20% $54.4 from $68 have we found the floor ?
We have lost a million barrels from Libya so that’s half the demand we have lost from China, OPEC looking at absorbing the other half of it.
So in reality the market has way oversold oil and it should move back up to around $61 over the next few weeks.

#crude +4.182
#Cushing +.957
#gasoline +1.963
#diesel -1.783

Dropping ready for the API later, probably another huge build to push Brent down to $53

Zebbo I'm interested in your figures if you have any and why you think 60p is a dream when Barclays and RBC have given conservative targets of 40p ?
I hope your not just another jealous silly troll that missed the 18p train

Cuts Brent target price to $52.50 BBL in H1 2020.
Load up on the long side in other words !

The only thing holding us back from 40p is this Virus effect on oil demand, Once we get over the panic and they distribute vaccines across China then we will be back on track, might be another month or 2. I would like to know what price Kraken oil is fetching at today oil prices as that is the difference in good hedging or poor hedging strategy.

Blimey removed my post again

All we need now is to get this Virus under control or a vaccine distributed and oil should recover towards $60 again giving us 30p

Most headlines this morning have homed in on production rates and made the UPdate look bad. Nothing about outperforming market expectations and reducing the debt early !
Why do these Journalists have it in for Enquest ?

Come on Enq we haven't had a repairer spike on a TU for a few years. Today is the day

Come on 30p we want to wave you goodbye this time round

Just bought another 39k worth Neil ! Is that ok with you ?