Member Info for Krakenoil

What are you talking about Marshall ? Back in August when Brent was trading between $70 -$71 PMO share price was between 108 - 124 ! So no it hasn't held up and currently like most other oillies is currently way oversold !

That was an RNS setting up certain shareholders for the failure of the company.. ...., wasn’t it !

They are desperate to push Brent into the 69’s again. Makes you laugh the pump price are still the same as when oil was at year high !

Expect the unexpected ! It’s all doom and gloom at the moment but the media seem to be able to spin that upside down quicker than you can blink and catch everyone out. That’s the cause of the volatility in the oil markets over the last 2 years !

I think opec have to fight for market share and will have no option other than open the taps to full ! The US obviously don’t care about making a loss and are happy to bring on another oil glut ! I don’t understand their logic !

Back to square 1

Hammered again ! lol

Push towards 110 by close of play

Target price 1.50p at year end, Iran sanctions will tighten up once Trumpet gets the votes he wanted.

Trumpet might even turn a blind eye if a few stray rockets fly over the boarder into Iran specially if they are purchased from the US lol

Giving people a chance to get out !

Has oil caught everyone out ? Is this the start of a bounce ? Some underlying news we haven't had yet !

Iran sanctions have been somewhat a total anticlimax, in fact nothing happened whatsoever. A lazy lob on even after a blue pill is no bloody good to anyone. Next question is will the world be sloshing around in oil over the next 6 months ?

Yes that’s probably collect Chilt, Iran let off the hook now. Trump is all hot air ! Now he has managed to push Saudi to open the taps the others had to follow to fight over market share and now he lets Iran carry on as normal! Looking like we are heading back to supply out weighing demand again. OPEC will have to keep the taps open to hinder the Shale machine again.

Fca won’t do anything about it if he has the rumoured letter of proof

What’s all the rumours regarding a placing then ? People will run for the door if this has any truth behind it !

Squif I’ll take 40p with delight !

All the talk of the Glut returning is a bloody joke ! Last month the media were talking oil up to $100 as supply cannot keep up with demand and now a month later we have over supply fears ! You couldn’t make this shit up !

Brent under $73 Target $90

That's exactly what it looks like, smoke and mirrors at the moment. Trump pushing for low oil prices but soon will he start bailing his own US oil companies out like his farmers ? They cannot pay back their debts will the oil prices as they are let alone investing in new fields etc.