Member Info for Krakenoil

Are you arguing lol

Boll ocks to the bickering where's our 30p we want it back this week

Are you saying that investors will ignore the huge profits of oil companies and invest in green energy where there is no profit just because its green ?
mmm I'm not so sure, The word investor says differently in the dictionary

He obviously has a personal issue with Enquest over something as he has blatantly used different average oil prices to value Enquest compared to other oil companies in the past.

Best to read the updates

AB also said at the AGM that we were still producing over 50k and GE is unhedged !
I would guess we have FCF at least $300m for H1

We do get some idiots on here, likely being one of Ammu's hedge fund managers lol

James Hosie obviously has a problem with us for some reason as they upgraded HBR 2 weeks ago from 346 to 540
very strange as their hedging is far worse than ours.
He has a target price on Tullow of 87p
Enquest has outperformed both of these over the past 2 years and will smash both of these this year as well
I don't understand his view

I looked this morning whilst having breakfast, thought should be a good day its hoovering about a 100, Just looked and its already fallen 1.3%
Oil prices were very steady before the war now they are jumping around like fees in a jar.
waiting for the volatility to settle back down. God know how long we are going to have to wait for that.

He didn’t fancy Ammu’s shares - they smell of bull****

He must have bought most of the sold stock over the past week or so

Governments around the world have pinned the blame for high energy prices on the oil sector and slapping this very unfair TAX on the profits is a total joke, The world relies on oil for everything so you would have thought looking after the companies producing would be priority not stabbing them in the back. I hope someone within this new government sees sense.
Oh well lets wait for the dust to settle and Russia to start restricting supplies, I hope the likes of BP turn their backs on the UK over it.

Oil prices have just seen the largest monthly fall since Feb 2020, They keep on bleating on about how tight the market is and Opec and everyone have completely run out of spare capacity yet the price keeps falling.
Well the markets selling off of oil prices is telling a different story. This drop can't be down to just the SPR and risk of recession as the physical demand is still out weighing supply.
Fundamentals need to take back control of these weird markets
The volatility is still massive, a repeat of 2011 - 2012 Yo-yo

Ammu did your ( Fund) say that to you ? lol
Show me any oil company thats been able to hedge above 100 please

https://www.rigzone.com/news/wire/oeuk_disappointed_as_windfall_tax_becomes_law-14-jul-2022-169641-article/

Don't waist your time replying to this clown, All he does is troll the board.

Bang on the support line.
Oil supply is maxed out SPR around the world bridging the gap, demand is not fading and Opec has forecast demand will rise over the next year, SPR release can't carry on much more as we are seeing levels not seen since 2008.

I don't think its lack of demand its the airports that's causing the big problems, I don't see a impending recession either, people still have plenty of cash to spend on holidays etc, fuel demand hasn't dropped in Europe or the US, China's oil demand has fallen bringing down oil prices but that's only due to their sill Covid rules locking people down every other week. Airlines now have there arm bent up their backs and its not there fault.

The trouble is how long can you keep on going making huge losses each year ? 2022 is going to be a huge loss as well.
The market is pricing in a massive risk
This could quite easily go pop. What a bastard Covid has and still is

The SP is under all three Broker targets so either way we are under valued