Member Info for Krakenoil

Yeah am I’m 16k lighter today ! Gutted

Well all we can hope for is today has flushed out the dead wood and now we look forward to a recovery ! RBC and Barclays have hit the target price .... maybe they will buy in

It will bounce ! I bet the Traders have fingers poised ready for a signal, wouldn’t be surprised if we end the week at 20p Now I’m number 70

Sorry Epip, I didn't see your last post, So some good news to come, as we suspected plateau rates would be somewhere around 40k - 45K, If Enq are correct with not downgrading the field then its all ok to be honest !
Lets crack on

Now I'm confused as CNE states that the field is to blame, why have Bumi taken responsibility for the poor performance and taken the hit, If I was Bumi id also blame the field, Something doesn't add up here.

So the funny thing is we are on track to pay down the Debt this year by more than our current Mcap !! WTF ….

Some large buys coming through now. Hmm

Will our shorts chose to close a percentage today or wait until the 21st ? Possible bounce this afternoon if they do. The dust is settling.

So was the TU last month a lie ? I will be very annoyed if that's the case, We haven't been lied to before. AB now has vast amounts of shit thrown at him. I hope he comes out fighting now and can throw it back.

At least brent is now in the 67's !

What a shambles ! Enq must have known that CNE was going downgrade Kraken, so why let them be the ones to shout it out.

Omg we have badly shafted.

This is why Enq needs to keep the market updated much more often

Or is this CNE kicking Enquest up the arse, come on sort this Bumi pile of crap out !

So is this what’s been holding down our SP ? Looks like it. So was the latest shut down been purely down to hooking in DC4 or another breakdown? At least the market knows what’s going on !

Well pointed out F1 ! You must be the brains, however did you come to that conclusion? Lol

L3 has always been negative

I’ll keep holding up Enq, feels like the world is on my shoulders, I love a 69 lol This is going to a quid next week !

Just a little sarcasm Squif. RBC valuated us with Brent in the low 50's, So I'm expecting them to stand by that valuation calculations an lift the target price to 20p now that Brent has moved up to 66.

At least we are Red again, Brent way up from Friday afternoon but most oillies haven't moved.

Whiteace yes agreed 32p is about right with everything considered. The last update was pretty good as well. DC4 is due to come online, magnus doing great, oil prices not bad and we are at 3 year lows ! I'm stumped …..