Member Info for Krakenoil

That’s the problem, one field can be bankrupt many times over, obviously doesn’t matter in the US. Pump at a loss, build a huge debt pile, file for bankruptcy, wipe the slate clean and start again. It’s ok though there’s cheap fuel for everyone

Wall Street gave them a warning last year and they have totally ignored it. What the Fock are they trying to achieve by pushing Oil prices further and further down ?

We just need oil to play the game and move back to pre Soleimani assassination levels and we are in the hot seat.
I hope We took advantage and hedged well this time.

1mbpd of Libya off the market
50kbpd in Iraq down
200-300kbpd of Kazakhstan suspendecd
200kbpd of Bonny light down
yet market worried more about losing 260kbpd of demand due to coronavirus according to GS.

Oil now back to where it was this time last year.

#crude +1.6
#Cushing -.429
#Gasoline +4.5
#Diesel +3.5

It’s a shame they couldn’t be more open and be more supportive of Kraken performance and make it clear what each field is expected to produce rather than adding both together

I have sent a email to cairn IR asking for further details on this as it’s misleading and makes no sense. Bet I don’t get a reply

Is why I don’t understand Cairn’s 2020 guidance. Are they saying Kraken won’t maintain current production rates are are they saying Catcher won’t hold current production rates ? Or have Cairn made a mistake again !

26.86. - nice little pull back from today’s low. Some large sells triggered today. Fingers crossed for a Green day tomorrow

Lets not forget Barclays and JP Morgan both set their targets at 40p, would be great to get a few more Brokers on board with the same target.
We are way undervalued.

At least Cairn are feeling the pain as well today. Lets hope we have bounced off support today.
We should be at pre rights prices 35p ish - At least

3 years actually ! Get your facts right

I was £42k better off on Monday than I am now, Does rattle you somewhat admittedly. Cant help blowing off steam on days like this. Worrying, frustrating and does cause panic your right. But whatever we post on here wont move markets.

What are you going on about ? We haven't even recovered from the last Cairn tantrum yet so. We are badly undervalued and our fundamentals are solid, but yet the market slings more mud at us. Neil you were the one calling 13p or bankruptcy a few months ago so keep your gob shut.

Do you really think id be upset if I had sold ? I will be at our 60p party with the same stock I have now 1.3m
All I ask for is this volatility to stop.

I hoped we had turned a corner and got rid of the ridiculous AIM swings, obviously not.
This is why we cannot attract II’s. We are still Red or Black.

Exactly the same as last year. This is disgraceful

Why the hell the market believes Cairn over Enquest I just cant understand, Cairn got it well wrong last year !

Cairns update has removed £50m from our Mcap already. Same old ****te