Member Info for Krakenoil

DBNO You're the worst deramper on this whole web site. Give it up ffs !

72.5 today please

Come on GS close a percentage of that Short, weight it back to the long side. You’ve had your profit

But we all know what happens when they reverse ! Its quick

Shorts in control of this, GS shorting this while selling lots of small trades into the market.

So is Tullow, So what's wrong here then

In the green

On a slide ! Lost 1% in less than 30min

Walk it down, take out any tight stops, up we go, usual Monday morning robbery or Pi stupidity

Blimey guys cheer up FFS ! Soon be Christmas. 5th year of the bear market in oil, soon that will change and when it does it will fast. Enq are though the storm and the sun is starting to breakthrough Another year of frustration and then the bull will be back in control

GIven - Remember our Debt is falling every day, don’t expect the dips to dip as much the further we move forward as the risk level falls the SP will gain in strength. Shale production would fall off a cliff if the WTI price dropped to $40, The other thing we have looked over is the biggest threat to supply is the huge lack of investment within the rest of the worlds oil supply, it only takes 1-2% supply to drop away to cause the oil price to rocket and were into year 5 of low oil prices that cannot fund exploration investment, existing oil fields are declining and they not have enough to replace these. The oil market will be tight end of this year into next and catastrophically under supplied 2021

Watch the oil price shoot up after 4.30pm

Up it goes !

Talk of the US shutting it for some reason, Rumoured to clear mines !

Talk of the US shutting it for some reason, Rumoured to clear mines !

Something happing in the Straits of Tiran, Keep your eyes on the oil price !

With the Zama news about to land any day, the SP still managed to fall almost 40%, to miss out on the looming bounce would be bloody stupid, oil prices have been up and down over the last 18 months, currently just about to reverse the downtrend imho. The Zama sale would remove a huge chunk of our current debt, that in turn should add the same value to our Mcap.

If this breaks 70.10 this afternoon then we should move back up quick towards 72.5p

This will bounce hard again within the next few weeks, same rinse and repeat going on. I bought last time mid 60's sold out at 106, bought back in yesterday at 69, I will sell it above a quid, if we drop a little I'm not bothered as you cant always judge the bottom but I do not want to miss the rise.

I’m thinking this short attack is just before we get the long awaited Zama news, I’m wondering how much the field will be valued at ? Our percentage could be worth north than our current Mcap. That certainly would give the SP a little nudge north.