Member Info for Krakenoil

Epiphany Shale investors haven’t seen a return on the money invested in 2018 when we had higher oil prices, Wall Street is already squealing about it and now Shale need more investment just to keep production rates as are. I’m sure those investors underwater will stump up more cash but this time with gritted teeth and red face. Let’s not forget the steeper decline rates of these new wells coming on line. I think they will have to lower production to make it pay ! Somewhere around 10mbbls

OPEC said last year Crude needs to be between $75 -$85 to enable global exploration and future investment to replace declining fields, lack of investment since 2014 will start affecting the supply end of 2019. Already we are facing a supply crunch and Trump along with shale are making it worse. Will Trump care about $100 plus ...... I doubt it as he will be outed just as it kicks in !

Miner so what’s does your calculator tell you if K pumps 40k average for the year, Realised oil price of $70. A balanced view is always better if your Short like you say you are. I’m thinking a Mcap back up towards £700m. Remember as the debt is chipped away they add weight to the Mcap. Must be mad to Short Enq in my opinion. I don’t believe you are !

120p more like

It’s profit taking end of month ! Wait for tomorrow.

Brent still trading between $60 - $62 Can’t seem to climb out of this rut

Supply crunch coming !
" Shell has only replaced half of the 1.4 billion barrels of reserves it produced in 2018, well below the average level. Some analysts have debated whether Shell is at risk of underinvestment as its focused on shareholder returns. Martin Rats of Morgan Stanley said last week that $65 crude is too low for the company to continue its breakneck pace of cash distributions while maintaining sufficient spending to replace reserves"

Yeah Barclays get it right don't they ! They Had a target price of 53p April 17 ! The SP didn't reach that ! They always exaggerate Target prices you fool !

Brent now trading between 61.5 and 62.5, if 62.5 is breached then its looks like a strong push to 64.

Now has now lost today’s gains, cannot hold above 62 unfortunately

Brent lost all today’s gains

AB would send the SP rocketing if he attempted to buy the 20% required to make a offer !

The US imports of Saudi Arabian oil has dropped to the 2nd lowest level in almost 20 years ! SA is sharply cutting supply to the US !

Whats Trumpet going to say about that ???

Yes

Novak says Russia will aim to increase oil production cuts in February !

It funny how these small trades can move the price so quickly in either direction but mostly down

Desperately trying to keep a lid on this !

Very true but they do need further investment to do that and those investors are now showing signs of enough is enough we ain't giving you anymore until we see a return on our money ! Tug of war

All we need now is the volume to increase and we should now break the downward trend that's hindered us over the last few months.

Also Shale investors are putting pressure on these companies to return a profit ! Is the Shale bubble about to pop ? Its not looking good ! Wall Street have cast a dark cloud over it as well, The warning signs are there.