Member Info for Krakenoil

Morning Everyone, We have been saying the same thing over and over for a year or so ! Will we ever actually see our SP rise in the current oil price range ? Maybe we are valued correctly now ! All other mid cap oillies have moved within touching distance of there 3 year highs apart from us ! Why ! That’s the worrying question!

Trumpet doing his very best to keep a lid on oil prices unfortunately !

Everything Red ! Oil dropped almost $2, Nikkei -1.7% so far ! Well done Trumpet

What are you talking about ?

Oil seems to have ignored the draw !

Crude Inventories: Crude: -6.795M Cushing: -1.925M Gasoline: -1.590M Distillates: +1.952M

Yes he did take up the oo same as we all did ! He’s no fool Squif ! He has great patience! And patience is rewarded!

Still unloved ! Frustrating to see most other oillies heading back to 3 yearly highs and Enq stuck in the same rut we were in this time last year.

Blimey I hate Predictive Tex sometimes !

Cant seem to hold 36p at the moment, lets clear the profit taking at see what this afternoon holds ! Brent flying currently $79.3. We need to close above 37p then looking at the charts we should easily climb back into the 40's once again.

Pmo almost back up to 3 yearly highs ! Doing very well over there, maybe Enq will follow soon !

The first one I think will be JP Morgan, I bet hey give Enquest a Buy rating with a target price of 70p. lol

Funny that isn't it ! As if none of them want to stick out their neck first !

I notice they haven't set a target price …… Yet !

I believe the world oil sector needs $100 oil for at least a year to recover from huge debts accumulated over the last 4 years, without it I still cant see a large percentage of mid cap oillies being able to maintain output levels as decline rates rise ! Enquest would be able to pay down all of its debt pile in 2 years with oil around that level !

Squif sounds like you should be invested in PMO ! Maybe you should jump ship over to them.

Morning MO, Any hostile bid within the next 2 years unless the SP was over a quid then I would hope the company reject instantly!

No chance Squif ! The sp is so easily manipulated on very low volume, they couldn’t accumulate any sizeable amount of stock without rocketing the sp ! Blimey I think if someone trying buying even 10% of the shares in the company the SP would be a quid before they succeeded let alone 51% !

Squif you think AB would let Enq go for £520m you must be mad ! I very much doubt He will sell 20% of Kraken for that !

Squif we don’t have production issues as Enq also stated to me today was even if K carried on at the Same production rates as we currently have the forecast of 50-58k for this year is still on target ! (I took that as very positive, as must mean our other assets are performing very well)