Member Info for Krakenoil

Is this the MM rattling the week or are we that unwanted! Nothing has changed since we were in the mid 40’s apart from buying another asset for 65% of its value ! Why has the market given us such a kicking?

Well I just don’t know what to say ! This is disgraceful to be quite honest ! I’m not surprised the market is now punishing Enq. On paper it looks a very good move. Gutted

Agreed the RI hasn't rewarded LTH, Just the day traders walking away with a smile as usual. Well all we can do is sit and hope things turn round again, more pain

I would have expected a climb from 120 this morning, Pmo is now sitting at the same price as on the 10th August when Brent was $71 ! Strange how the market reacts !

Not a chance ! We were laughing at one of our customers yesterday, he has a brand new Tesla and was on a journey somewhere, planed his route so he could use a charge point, when he got there it wasn’t working, the next nearest one was 20miles away, so he drove there, when he got there it had been vandalised ! Ended up running out of power so had to leave it there call the AA to recover it and get a Taxi to his hotel ! He just paid 80k for it as well ! Then to top that off when he got home had a letter from the council threatening to fine him for running the charge lead over the pavement ha ha ! He lives in London and has no off street parking ! Wished he hadn’t bought it now

https://www.cnbc.com/2018/10/18/goldmans-david-solomon.html

This might explain it

This is your biggest problem
Diesel and petrol ban should come much faster, say MPs
http://www.bbc.co.uk/news/business-45899580

Brent now climbed back into the 80's maybe after the media bombardment of doom and gloom over the last couple of weeks to push oil down its back to oil going $100 again ! These media stories change more times than Worzel Gummidge's Head

That would explain the unusual selling pressure across the markets, But someone will have bought that sold stock and soon enough those programmatic systems will need to buy back in or lose the control of the markets and end up losing money,

The RNS stating the RI is a complete success is very important. That confirms Enquest has de-risked from having all eggs in the Kraken basket! Also the production increase will lift us over the 60k bopd and with it further upgrades as expected from Moody’s Iran sanctions come into force next month so should lift oil prices back into mid 80’s

Enq don’t receive the funds raised by the RI until the 22nd I believe!

Pelle the Results of the RI won’t be known if it’s a success until next Monday the 22nd 8am ! Fingers crossed for the analysts to up their targets from then onwards !

Haven’t that was meant to say

We have bought it yet Squif so it can’t be added to our assets yet, not long and boom up we go !

It’s a great move ! The Magnus asset value will soon be added to our current Mcap which means a nice sp rise obviously! Well that’s the plan lol

So I’m so looking forward to MO’s repairer spike ! Lol Remember that’s a +10% plus day ! I’m going for Thursday next week ;-)

Ha ha ha

So oversold now its a great opportunity to buy in or top up.

Shinfalls why would enquest keep Kraken production potential a secret? Explain please or we don’t believe you !

Rodders how am I a serial deramper ? Wtf ! Go and find me another company without any production, any positive cash flow with a Mcap of £112m Compared to all other low end oillies It’s over valued at the moment !