Member Info for Krakenoil

China and the US will meet again within the next two weeks, Lets see if Trumpet can actually pull off a deal.
Wont hold my breath

China and the US to meet again in the coming two weeks. Lets hope Trumpet can actually pull off a deal. Wont hold my breath !

Its like taking candy off a baby at the moment, 4 hrs to get to £59 and 40 min to drop it straight back down, rinse and repeat.

That would be fantastic ! But we don't get such luck

Come on what’s everyone’s thoughts ? Or am I being ignored by everyone?

The most important thing we haven't actually covered is the decline rates across the world that make up the other 65% of the worlds oil supply, its this that no one is looking at and to me is far more important than how much Shale oil they currently produce.

Im not sure why the gap between them both is so close currently specially with so much Shale that no one really wants. Surely Brent will breakout shortly and pull away from WTI.

Both companies are similar but Enq has a lower debt and higher Hedge than PMO but PMO BE are lower, Enq is undervalued more than PMO and I believe will give a bigger return to my investments but PMO does move fast, Both will double in Price soon enough if we start to see higher oil prices. Lack of investment throughout the industry will bite soon as the worlds total supply output declines faster than it can be replaced. 2020 could be the year we're waiting for.

Enquest are in a better position than PMO right now, PMO is controlled by day traders unfortunately, but once the debt pile is down to much more manageably amount then that will change. Both PMO and Enq need Brent above $70 to look financially attractive to investors

That's the largest spread we have had in years

Made my laugh Epip ... well said

Wont happen, Just their intimidation tactics

Is that a Iranian military vessel ?

Iran wont go near that ! Can you imagine if they did attempt to seize it ! lol

Oh just seen her destination appear !

Navion Anglia is heading straight for Kraken !

What gets on my nerves is the ease of the media hype to spout utter lies and then the big players use that to trend markets either way with massive swings, They jumped on the this Trade dispute and made it look as if China is going to topple over under Trumps Tactics ! Just look at their Oil imports month after month at record levels and that's without the Iranian oil they have bought under the table.
The world is still using 100mbls a day.
Global Exploration investment still way too low to keep up with decline and at some point that will shock the market

Spin, 9 days ago I thought " This is it" We are going to finally re-rate, Massive smile quickly turned to tears as Trump tipped the worlds markets upside down.
If some mentally ill gun addict were to empty one of his Assault Weapons at close range into trumpet's big head it wouldn't put a smile on my face ……...Honest !

DBNO - looks like you’ve missed another chance of buying under 70p here again

The Saudis have just said they will do everything to prop up oil prices !