Member Info for Krakenoil

This is getting very worrying indeed, Exactly what happened to Afren before the fraud within story broke.

DBNO are you that stupid ??

Thank God we have Kraken oil ! Demand for that is high.

No stopping these idiots is there ! Another new production record for the US.

Crude: -2.6M bbl
Gas: +6.7M bbl
Dist: +8.1M bbl
Cushing: +0.3M bbl +0.85%

Prod: 13M bpd +0.78%
Ref Inp: 16.97M bpd +0.45%

Crude Imp: 6.55M bpd -2.64%
Crude Exp: 3.48M bpd +13.61%

Remember II's accumulating at levels lower than the Pre RI (TURPS) Is still very profitable to them, they don't gamble like we do when the risk level is high, they only look to make a solid profit with as less risk as possible even if that profit is only 10% per year. If we get a sniff of a Dividend for 2021 then i'm positive we will see a fair few of them adding us to their books.
IMHO 60p this year is highly likely if EnQuest give a target of £1b debt end of 2020 on our next update.

Cairn must be over the moon with the way Kraken is producing now, the upgrades made by Enquest certainly proved AB was right all along, Cairn need to respond to this and write back the reserves and maybe even say they were wrong last year.

Tullow TU doesn’t make good reading for those poor shareholders but it does prove how bloody undervalued EnQuest is comparing the two.

This just proves how undervalued EnQuest is.
Compare the fundamentals of both companies and Enquest is in a different league

API:
Crude +1103
Distillate +6779
Gasoline+3198
Cushing -69

Didn’t mean it to sound like that, was hoping you had found a new article.
I’ll buy you a extra drink at the 60p party

That’s been posted at least 3 times

Well I don't see how Brent will average $64.83 if the US floods the market with another million barrels per day !!

U.S. CRUDE OUTPUT TO RISE 410,000 BPD TO 13.71 MILLION BPD IN 2021 - EIA

U.S. CRUDE OUTPUT TO RISE 1.06 MILLION BPD TO 13.30 MILLION BPD IN 2020 (VS. RISE OF 930,000 BPD TO 13.18 MILLION BPD FORECAST LAST MONTH) - EIA

EIA sees OPEC-14 crude oil production down 250kbpd m/m to 29.29kbpd in December. Saudi Arabia down 150kbpd to 9.75mbpd. EIA forecasts OPEC-14 averaging 29.79mbpd (was 29.81) in 2019 and 29.19mbpd (was 29.30) in 2020. For 2021, EIA forecasts 29.28mbpd.

EIA forecasts Brent crude oil prices to average at USD 64.83/bbl (was 60.51) in 2020 and sees Brent at USD 67.53/bbl in 2021.

Hitman your 30p prediction could still be on for this week.

Well happy with that.

Agreed Oil under pressure again, Shale still at record production would be nice to hold 25p this week.
API will probably report another large build that will add pressure to the down side yet again in this volatile market.
Fingers crossed for some positive pressure once the first stage of the trade deal is signed off.

Ingrid had better get a move on this evening to reach Kraken by Thursday Eve.
Hitman do you still think 30p is possible this week ?