Member Info for Krakenoil

Asian markets tanked badly ! This is one hell of a crash coming

Someone somewhere is smiling that’s for certain

Glad I asked him for a tin hat and a cuddle blanket

The fight must be back on ! Oil didn’t drop like this back in 2014

Relentless sell off ! Even strong words from OPEC can’t even stop it !

https://www.reuters.com/article/us-usa-oil-shale-cutbacks-idUSKCN1OK26S

Love a bit of humour on a Friday Eve lol

The UT Trade was a sell but above the ask price ! Bodes well for Monday

Probably AB with another fill order ! Lol

That Trade was huge just £1.04m worth of stock ! That’s the largest UT I’ve seen with Enq for a very long time ! Mmm someone knows what’s going on more than us lot

We haven't closed in the green have we ? That's the first time in weeks that the UT has closed us out at a higher price than the ask price at close ! Maybe this down trend is turning !

I’m in at 23p average holding too bloody many, I can’t even look now I can only guess at around 700k - 800k :( I had a full head of hair when I first bought EnQuest ! Now my head resembles a threadbare doormat with grey round the edges !

So where is the GLUT ? Errrr there ain’t one !!! Why the crash in oil prices ..... Errrrrr just in case !! Why is China buying at record levels.... Errrr they must be stupid ! New Oil finds across the globe are lowest for 6 years... Errrr we don’t need new ones we have Shale. Existing fields across the globe are declining.... Errr that doesn’t matter we have Shale.

The Santa rally is on its way !

Oil stocks have dropped so fast the bounce could be just as vicious. Suadi need $80 oil next year !

You can guarantee if you did sell out and try and hold for a lower price, the sp would bounce leaving you to suffer more pain as it flys back towards a quid Sod’s law

OPEC's predicament: During the last oil price crash in 2014, the S&P 500 and Brent crude moved in opposite directions, but this time they're moving in tandem bloomberg.com/news What next ?

This is pure heart break and pain ! Oil is now worse than bit coin !

Looks like oil is in the hands of Shale now ! If they don’t cerb or cut production now the market may well be left to balance itself and that means last man standing ! We are back to the same Brent price as December 2016 and still falling ! Something else driving this crash and the market knows ! Has Saudi and opec decided not to cut ? It’s a possibility

I’ve put some padding in mine and got the headache tablets ready followed by a bottle of scotch! Merry mucking Christmas