Member Info for Krakenoil

Its a large trader somewhere that has been manipulating Enq for months ! And until the volume and demand changes then we just have to suffer it unfortunately !

Hopefully once this Opec meeting is behind us and they agree on a slight increase then that should put oil stocks back on the radar for investors, may even have a repairer spike on Monday ! Crossing all my fingers and toes !

We all know this is just a flash in the pan ! More pi’s will get fingers burnt again ! Greed always captures you in the end and make you pay ! Come on guys if there was any large commercially viable oil at HH due you really think BP would have missed it ? Or put a different way why hasn’t a major or even a mid capper sniffed around ? IMHO all this has been is money making scheme for a certain few !

We have been saying that for years Jan lol It never comes unfortunately ! Is it a run of bad luck or have we just not made the correct decisions along the way ? Whatever it is Enq needs to turn this run of poor performance around and hit some bloody targets ! At the moment Squif is more correct than we are !

Agreed Jan, Its another fail I'm afraid ! We certainly are in the gutter ! No bloody wonder we have no new Broker ratings ! I'm bloody annoyed !

We now need a 50% jump just to get back to this years highs ! And that was lagging well behind our piers !

Wish I hadn't said anything this morning !

Why the huge drop

Looks like our SP is on the verge of a bounce ! Could we be about to see a reversal from the current trend ?

Doesn't help by missed targets time after time, Kraken was to reach plateau 50k by the end of H1 2018 ! Unfortunately that looks to be way off and may not even be able to ! Fingers crossed in hope ! We need to sell the 20% that's on offer and move forward with the rest of Magnus ! The work overs should up production enough so we get a further upgrade, also we await more positive broker ratings !

Brent at $75 and Enq at 30.6p ! We had the same SP last year with Brent at $47 ! We’re we over priced last year or way undervalued now ?

Enlighten us MO ! Anything worth posting?

UT Closed us out 31.15 Down from the Bid price again.

Keeping an eye on Petroatlantic and Navion Oslo maybe our next Tanker ?

It’s all just a game to play the markets ! OPEC will agree on a slight raise and before we know it Trump will be moaning again that the oil price is to high !

Losses continue! Another hold on to your hats day !

OPEC have to have a majority vote and Iran, Iraq and a few others will not agree to a raise so the others would be in breach of the agreement ! And deep down no one wants lower oil prices apart from Trump and India!

Could be setting the market up for oil to rally back towards $80 with just a slight 500k raise ! More than likely in my opinion! Why would Opec want much less profit for more work and diminish assets quicker

We are going to see all sorts of stories this coming week before the actual facts are signed sealed and delivered! But no way will they want lower oil prices - that’s a fact !

No way will they want to rock the market after all that work so I think they will agree on a 500k - 800k including Russia and they will reassess the market again at the end of the year !