Member Info for Krakenoil

DBNO is a clown and SK is just a day trader, only one of them actually know’s how to make a few quid, the other probably dresses up in a pin stripe suit and polished shoes pretending he’s a commodity trader in his bedroom all day. Both need medication !

Master RSI looking forward to a good update from Enquest tomorrow morning, should set that on track to breakout as well !

UT 83.60

Breakout !

I love a stock with a good percentage loaned out as makes for great rises when they begin to reduce as the company removes its risk

Watch the day traders sell this off later. Same old Same old

IR must be presenting PMO as very attractive 'which it is' to new large investors, certainly something has changed for the better.

Metro bank has a large seller currently that still has quite a chunk of stock to get rid off, I wont be buying until they have cleared.

I just wonder if some of these majors that are buying/Bought into Shale at rock bottom prices have done so to actually lower production rates when required just like Opec !
Thoughts anyone ?

I getting the feeling that the Saudi's plan to lower oil price just enough to see shale unable to pay down the debt pile is working, Shale bankruptcies accelerating and production topping out. We just may well have found the floor in oil prices. PMO can still make good debt reduction at current levels but I see the oil price rising into next year to around $70 and that will be great for PMO and most of the North sea oillies.

Looking at this closing above 84p in the next day or two. Just need that extra little help of a draw tonight, all that panic buying last week should make a bit of a dent

I love the sound of a breakout, turns me on

Just messing with you Pelle :-)

20p dividends now that would be Christmas every day

Tomorrow

Oh yes I forgot about that ! I stand corrected

Fundamental's starting to value the company again

A nice draw down tonight should send oil back above $60 and push PMO back towards 85p

Closing price of 79.46 is fooking marvellous all things considered !

Ferret PMO are still reducing the not so huge debt pile, strengthening the balance sheet or hadn't you noticed !
Slowly slowly catch the monkey

Looking for a nice bounce in oil price this evening ! Trump to Tweeting something aggressive towards Iran and Bob's your uncle