Member Info for Krakenoil

Trump tells China if you don’t do a deal then I will raise Tariffs even higher

Told the media, If China don’t do a deal he will raise the Tariffs even higher.

That’s causing oil to sell off.

Or Brent could be $40 lol

I doubt Enq would hold a CMD to deliver bad news, but never say never.

Why isn't this news a RNS this morning ?

19 November 2019
Following a precautionary down-man of EnQuest’s Thistle platform in October, a dedicated project team has been assessing remediation options.
A subsea survey showed deterioration of a metal plate connecting a redundant storage tank to one of the platform’s legs. EnQuest has worked closely with the regulators and the Thistle decommissioning co-venture partners, BP and Chrysaor, and has agreed plans to remove both tanks.
Contracts for subsea and heavy lift operations are being progressed and the team are developing plans to start the removal operation in early 2020.
To further assist in returning Thistle to safe operations as quickly as possible, a small work party returned to the platform on Saturday for the second time since the shut-down to carry out further analysis and inspection activities. These offshore visits followed remote operated vehicle subsea surveys and the development of a robust safety case in consultation with the Health & Safety Executive.
Industry organisations have commended the safety-first approach taken on the evening of the precautionary down-man.
Steve Rae, Executive Director, Step Change in Safety, said: “I’m very pleased to have been informed by EnQuest’s leadership team that the company has begun making plans to remediate the structural problem which led to the down-manning of the Thistle Alpha. The operator is also in the process of conducting thorough on-site reconnaissance and inspection visits of the entire platform and its systems to assist them in preparing for the eventual re-manning of the installation.
“I would like to re-emphasise my commendation for Managing Director Bob Davenport and his team for the safe and expedient down-manning of the Thistle platform last month. EnQuest has assured me that the safety of the entire Thistle workforce has always been, and will continue to be, foremost in the company’s mind at all times.”
A spokesman for EnQuest said: “The redundant tanks had been scheduled for removal in the summer of 2020. Following the latest surveys, we are now accelerating that plan and, weather dependent, expect activity to start early in the New Year. We have a dedicated project team working with our stakeholders and the supply chain and we continue to keep regulators engaged on progress with the view to bringing Thistle back to safe operations as quickly as possible. We would like to thank our team and contractors for their continued support during this process.”
The Thistle platform is located 125 miles north-east of Shetland.
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For further information please contact:

EnQuest PLC

Once bitten twice shy, In our case twice bitten - Now you can fuqk off we aint coming back.

That's the main issue Hitman, we all want to know what the company is aiming for over the next five years with oil averaging $60b, if he wants to attract II's the only way is to give a target for a return to dividend payments even if that's 2 years away.
The uncertainty must end and a straight plan of action put on the table this Thursday.
If not then AB obviously has other plans - taking the company private with a consortium

I was expecting to see the volume increase the closer we get to Thursday, maybe the herd are sitting on the fence waiting to read the TU before jumping in. We don't want another RI or OO that's for sure.

Unless our volume increases nothing will change. The volume has slowly decreased from March apart from the odd day here and there, its now almost none existent.

What’s fooking going on ?

Unfortunately Enq haven’t had the best of luck over the last five years, along with a complete shambles from Bumi, that through us in the bin for most investors and made us in investable for II’s. I do blame most of it on Bumi who now are reeling the rewards for Enquest sorting out their mess... how unfair to be frank.
It’s time AB made Enquest look attractive towards the large investors and the only way to do that is a plan of action set out to achieve dividends. The market wants a clear view of where we are heading.
No more keeping the cards tight to their chest.

When AB is ready and finally wants our Mcap to move higher I’m sure it will

So after taking the p155 out of me and a few others for moaning about Enquest IR not being loud mouthed you’ve joined the club !
Now your finally feeling a little frustration like the rest of us. Why don’t you email IR and have a moan like I have about it.

No volume and the SP is easy to move, Hold it down mopping up the impatient sellers stock for as long as possible. We must have a large seller offloading for the last year or so

Doesn’t make sense why NO was travelling near her top speed. I think she hooked up this morning

That's not quite true is it, If I have invested a lot of labour and materials into a job but that job is not quite finished at the time of the balance sheet being completed then said job has to be part of the assets

Yes I remember it weirdly distinctly I was eating a very hot pepperoni, it made me sweat profusely. The posh fella was sitting next to a young lady with long ginger brown hair admittedly he looked familiar

Looking at the average speed of NO from when she left for K, it must be pretty urgent to hook up as quick as possible on arrival, wouldn't be surprised if hook up is complete already.

Roll up Roll up, get your golden tickets before Thursday lol

Bit of Ramping on a miserable Monday morning to cheer everyone up.