Member Info for Krakenoil

Still looking like it on tract to hit $70 going into 2020.
Almost at $67 now.

So we started back at the end of 2016 with Debt close to $2b a Mcap of £250m we bought Magnus that should have added at least £300m to our Mcap along with the RI, it didn't, We have now reduced our debt down to $1.5b along with reducing interest cost, reduced our Capex and our Opex, fixed Kraken and lifted our production to the highest levels we have ever had, reducing our debt levels at a very rapid rate but still we have no market notice(Zero volume)

I best pencil in the party for around October then lol

Next year 3.5p a month added, look forward to that lol

As AB said as the debt reduces it should add about the same to our Mcap, so say £30m per month we are reducing our Debt our SP should be rising approx 2p a month if the oil price was static and reserves unchanged
So where is our 2p per month this year ?

We need an AB buy around today’s prices, would certainly show a sign of confidence

My god you don’t stop do you ! Do you actually realise what’s driving up oil prices ?

DBNO. You have zero credibility, you called Pmo a sell at 68p ha ha ! But you’ve been awarded top clown for 2019 so very well done.

Crude -1.085MM
Gasoline +2.529MM
Distillates +1.509MM
Cushing -0.256MM

I see your supercilious post has been removed.
You need to tone down the snobbery mate, its not nice and its not welcome.

Why Enquest haven't given the market guidance for next year is beyond me ? Maybe its not great news like we all hope for. We just do not know, same old uncertainty holds us down.

Almost back up to £1b mcap, 3 x what the market values us at, Tullow also in the worst corrupted country of all.
Tullow 2020 forecast of production to average 75k and FCF of Just $150m how on earth can the market justify a Mcap 3 times bigger than ours ?
Who's valuating Enquest …….. Diane Abbott ?

The shoes are on the wrong feet ffs

The finger of blame has to be pointed at Enquest, No one wants the Shares ! Once bitten twice shy, Twice bitten …...never again

Crude: +4.7M
Cushing: -0.3K
Gasoline: +5.6M
Distillates: +3.7M

Don’t believe a word of it

When I sell at a quid, that’s when it will be a great finish for me lol

I set mine just in case of heart attack due to over indulging at our 60p party lol

Already got my sell order set bang on a quid. Hopefully a few big D payments come on the way.

The Market is waiting for the big D word !

So am I lol

Morning Jan,
Would be nice to see our volume rise, Its been so low over the last 3-4 months.
Still waiting for that 23.5p to break but cant see that unless Swedbank or whoever is the large seller in the back ground is cleared. Maybe Q1 will be the turning point for us. Its been a long slog

Yes Swedbank dropped down to 2.81% back in September, may we’ll be still reducing, this is likely to be why our SP is stuck, once cleared we should move up nicely