Member Info for Krakenoil

Always a long uphill struggle with Enq, 40p looks like a mountains climb away right now. It’s hard to believe we have the current SP as we did in August 16 with Kraken sucking every last penny up, Brent at $43 and declining production!

The stupid thing is that floating storeage is at a all time low ! We are getting conflicting information now that’s driving the market, demand hasn’t dropped off either so why this huge drop in prices ? Looks like market manipulation on a grand scale to me ! And we are just about to see this completely swing around ! The sell off doesn’t justify the facts !

God sake ! Why on earth do these two blatant derampers spend all there time bashing this company? I’m sick to the back bloody teeth of it ! Go and do something constructive ffs ! It’s getting very boring now !

Dow closed -600point -2.32% after huge market sell off ! This doesn’t bode well for tomorrow

Saudi and Russia should turn and say Shale can prop up price this time round ! Pump as much as you can and we will see who’s the first to fall into bankruptcy! The US is just take take take !

In a way they should all pump as much as possible and bankrupt shale this time ! They are responsible and should now pay the price ! Wonder if the shale investors are starting to panic ?

This is now getting silly ! Saudi and Russia raised production to please Trump and compensate for Iran sanctions, then doesn’t sanction then at all and now tells them they had better not cut production! Trump is a becoming a Tyrant

That’s 11 consecutive days in the red ! That’s a new record. Panic setting in now ! Even shale beginning to panic ! It’s their bloody fault the oil market is in the trouble it’s in and you can bet your bottom Dollar they won’t stop increasing production ‘

That will make no difference to the SP unless the oil price holds above $70, even then its very tight as our BE is around $64

Brent has been falling from 8am this morning and is now below today’s open price, we need a bounce this evening and it to close above 71

Brent looking week again, not sure that this little bit of positive chat from the Saudis is enough to stop the falling oil price now, without any actual cuts talk is just hot air !

Agreed Jan ! I can’t even remember a positive RNS in the last 3 years ! I do hope AB actually comes across as very confident and excited this time. Debt reduction is a must and that will set the trend. Shareholders have been beaten down for so long now it’s about time the company pleases the market and stops the rotting Mcap

Giving Just wondering if you sold up this morning and took your 6k profit ! No doubt you have lol

Once we clear 109 then we have no real resistance so next month when Opec agree on the proposed 1m/b cuts then we could see new yearly highs again. 150p would be nice before year end

So you buy 120k worth on Friday but tell us there will be a sting in the tail on Monday ! Ha Ha Ha really !

No you didn’t ! You posted something about a sting in the tail on Monday ! Your so full of shit !

Yes we need a good trading update this month, hopefully a strong 6 months and a start with debt reduction. That should kick start a recovery in our Mcap

Repairer spike today ?

DBNO and giving will probably say they bought in Friday evening at 99p

That’s all forgotten about now, old news. Trump certainly has upset the whole oil industry with his complete stitch up over Iran sanctions! So I don’t think Saudi will be Blackmailed to raise production again. Trump desperate to dissolve Opec but they have be round a lot long than him and they will be around a lot longer as well ! I hope opec give him a taste of his own medicine with $90 oil by year end !