Member Info for Krakenoil

Don’t listen to a word that L3 sputters, makes it up as he goes along to suit his in out trading, obviously out at the moment. Let’s hope oil climbs well on Monday and sets for a nice open Tuesday

L3 nothing positive in your posts, I take it you have nothing invested here as usual, by the way you do realise Venezuela is not run by the US, owned by the US or has anything to do with the US. L3 deramping again

Yes everything looks like a spike is approaching but the market thought the same thing last year until Trumpet Tanked it. Let’s hope the Saudis are extremely cautious this time round.

Where is HK ? Why has she turned off her transponder?

I think moving forward 2019 - 20 have to be solely focused on debt reduction, then it has to be on returning shareholder value, mind you that may already go hand in hand with the debt reduction, dividend payments plan back in place are a must end of next year, and then like you say start looking at other types of Magnus deals, but also aim to keep a Heathy bank balance as a hedge.

Broker targets are based on risk and never on potential once risk levels have dropped away. To get them back to positive views we have to get debt down to manageable levels if oil were to stay lower for even longer. Under a $1b is very manageable with oil at $65

Hitman can you request egg sandwich’s please

So we will have to have another offload within the need 6-7 days at current production rates

GK has around 220k loaded, sucking for just over 15hrs. At least she has emptied the tanks enough for AK to carry on pumping, possible fault with the pumps.

What a result, sold at 106 and now a chance to buy back tomorrow 15%+ less.

Ther you go Master ! Now where’s that breakout to 30p

Bounce off the bottom at the usual 4.30

I was joking, Expression of how volatile oil has become

Enq got kicked up the nut yesterday and today it’s pmo’s Turn. Don’t worry all the silly panicking pi’s selling today will be buying the stock back next week for more than they sold for, rinse and repeat

Ain’t finished yet either ! We will be heading back into the 80’s tomorrow as the Friday sell off takes hold. Glad I sold half at 106 last week

Brent will probably be $73 tomorrow

What a mess the whole oil market is now ! No wonder investors are shying away.

19p again by the looks of it !

Not far away from falling back under 70. Trump has got his own way again

Tanking oil prices, thank Trump for that. GS just taking advantage of the panicking