Member Info for Krakenoil

Brent will be back above $70 in a week and back to -$75 after the OPEC meeting in 4 weeks time

Let’s hope for a 2pm rally ! You never know !

Morning members- yup your probably right ! Should have sold everything at the end of September, walked away and never invest in the Stock market ever again ! Gutted !

100m Mcap for a company producing 10000/b over the year ha ha ha That’s about 10 x too high !

The stupid pi’s that think the ‘Sell on news’ is the way to trade doesn’t bloody work now !! The MM know this and drop Bid price ! This might have been the best strategy for a trader a few years ago before the new generation of dipsticks entered the market !

Sellers cleared - up we go ! Back to a quid today

If this drops back into the 80’s then the whole market is a con !

Blimey that’s a good TU from PMO ! Catcher can produce over 70k bopd ! Debt reduction for the year on top of Capex 322m ! Good hedging for next year ! 2019 looks very good if the oil price hangs around $70. Let’s hope AB can do the same with ours !

Won’t take much now to push the sp through that 109 resistance! Great update ! Great hedging !

Looking forward to the TU to be honest ! Hopefully prove the business profitability moving forward, looking for a return to 109, then on to new yearly highs by the end of year.

Yeah but how much of this is down to SPR being sold off ? I don’t trust these reports one bit !

Dropping back into the 65’s again unfortunately !

L3- So what makes you so sure of that then ? Our SP was in the 30,s last month along with the RI shares being sold off putting downward pressure on the SP so now we could bounce back up quick

Lets hope for a draw down today

Dead cat bounce or recovery! Can’t make up its mind which way to go ! Ffs Up please !!

Oil looking like it’s about to fall again !

If oil can break the downward trend today then maybe we might have a reversal and a move back towards $70 ! Let’s hope all those aglobots go into buying mode ! And while they’re at it buy Enq stock as well !

She's a coiled spring now ! That falling knife might cut the ties holding it down.

Russia has been removing 20k bood from the market since October its reported! Why hasn’t Saudi removed the 1m extra barrels trump told them to add to compensate for Iran ? They should have done that straight away after Trump stabbed them in the back !

Oil looks like it’s bottomed out now ! So oversold it has to bounce ! Pmo Trading update shortly and this will be good !