Member Info for Krakenoil

Waiting for another AB buy today or tomorrow.

I’m out

API Energy Inventories:

Crude +1.4mln (exp. -0.2mln, Prev. +0.6mln)

Cushing +2.3mln  (exp. +2.8mln, Prev. -0.85mln)

Distillate -2.2mln (exp. -0.7mln, Prev. +2.0mln)

Gasoline +1.9mln (exp. +0.3mln, Prev. +1.6mln)

API Energy Inventories:

Crude +1.4mln (exp. -0.2mln, Prev. +0.6mln)

Cushing +2.3mln  (exp. +2.8mln, Prev. -0.85mln)

Distillate -2.2mln (exp. -0.7mln, Prev. +2.0mln)

Gasoline +1.9mln (exp. +0.3mln, Prev. +1.6mln)

I doubt he could even get anywhere near 15% without the market taking notice. Would shoot up if there was any truth behind it, let’s hope he gives it ago.

Even my phone manipulates what I’m typing. ‘Not’ make it back into the 70’s

More than likely otherwise why is he still buying ? The oil market is screwed, not even the largest oil plant on the planet blown up can overcome the manipulation. I’m not sure Brent will even make it back into the 70’s ever again, the supply of oil seems much to easy to increase now. The EIA now forecast shale will still increase production all the way to 2050 ! Wtf !! Russia just bought another oil field on line, so much for no-opec supply agreements. Soon SA have to fight for market share again. :-(

Oil hasn't price in the sale of the Saudi's reserves, those repairs will take weeks and weeks, using up the buffer will tighten oil prices without a shadow of doubt.

No point in trying to catch a falling knife, wait for the dust to settle and see where we are.

Down 6.3% this week so far, now back to the level where AB bought last Monday. Maybe another purchase coming.

That's marked down as a sell ! No wonder we are dropping like a stone again

Hammered again

Doesn't look like a buy, possible UT trade

Morning Chilts,
Made me laugh this morning with that statement from Iran's Zarif - ' If we were behind the attacks there wouldn't be anything left to rebuild' !!

So basically we need $100 oil for at least 8 months for where we are today. lol

On a serious note, I cant actually remember the level of debt that needs to be paid off that allowed the company to pay a dividend payment, I remember reading it but that was at least 2 years ago and I didn't take much notice as it was years ahead of where we were at the time.
Anyone remember so we can clear this up.

A small 2.5p dividend next year would be fine by me. Would probably double our SP instantly if announced at current level

In other words in 12 months time

Dividends Dividends Dividends ....... I’ve got it bad
:-D

Andy.p - no one got hurt on the last bombing, another one won’t matter, Neil I don’t care what you think anyway, your just trolling this bb. Bring on $100 oil for 2020 give us a 100p and dividends end of next year.