Member Info for Krakenoil

Boring !

Avanza have been the ones controlling our SP for the past few years.

Inflation dropping, wars ending, uncertainty and panic coming to an end is a big positive for oil demand.

Won't be down for too long before pushing back towards $100

Well said and I don't blame ya

Just depressing looking at a red screen every morning 13p FFS . We were higher than that during lockdown with a debt we couldn't pay and $30 oil prices.

Could be down to EnQuest not being to bothered about the delisting rules and leave that to the Swedish shareholders to sort out, I think AB got P155ed off with the way the SP has been played by certain Swedish traders over the past few years and decided enough was enough. I think the cost was a excuse

Swedish sellers pushing the volume up again today. I wonder what percentage of the overall stock will still be held in Sweden after delisting on the 5th, will be a interesting week leading up to it that's for sure.

Talking to IR and going through all the figures again I still believe we will be able to reduce our net debt by around $13.75m per month with hedges in place.

So I’m going for a net debt figure of $560 at year end.

Anyone else want to have a guess?

Our Price movement is a joke currently but until we leave the Swedish exchange our SP will still face the same volatility unfortunately

I’m starting to lose patience as well

Back to yearly lows - God knows where we will be if Brent falls back towards 70

I received a written letter back from Gareth Davies yesterday - He did not answer any of the questions I asked and he did not agree that our smaller UK oil and Gas producers carrying historic debt due to investment and years of low oil prices were unfairly Taxed and the debt should not be offset against the EPL charge. He banged on about the companies ENJOYING the 91p Tax relief for every £1 they invest. You would be pleased to know we do support our oil and Gas companies as they move towards net zero and that relief increases to £1.09 for every £1 invested to reduce green house gas emissions

What a joke

We are not going bust ffs - We are suffering from the usual Swedish shorting brigade. Playing with the SP on low volume against low oil prices

Shares. That was probably Spin having a dump lol

Only 10 days ago they were spouting supply is 2m short and oil prices will hit $150 by the new year.

Today we are over supplied apparently by 2m barrels and demand is falling fast and oil prices could fall back towards $60

Sounded like he’s paving the way to a modification to the EPL charge.

Possibly announced on the 22nd

Just proves how unbelievably ignorant and privileged these jumped up eco loonies are.

Used to getting there own way, I bet she stamped her feet and chucked her dummy out when the Judge gave her a bit of discipline. I hope he gives her a nice long holiday with a lovely hotel room where she can experience what porridge actually is.

Hunt on Twitter just now and does now recognises the need of our energy security so its looking likely he knows the EPL needs modifying.

That would see us hit 30p plus over night

Would Hunty get that much stick for a change to the EPL by allowing the offset of debt and costs, I think he could squeeze that in without to much backlash as it does only benefit the smaller companies that have been unfairly hit the most. I think he will as the damage it’s currently doing is far more than they expected.

We can only hope.

The value of them falls through the floor and the cost to repair if they breakdown is horrific, Plus our travelling friends are now getting underneath them and cutting the big fat juicy cables off them to weigh in for scrap.

I suppose once the cables are cut off they can't catch fire.

It wont take too much longer for the truth to come out, Just look at the EV 's they were to be the next big thing towards net zero, people have come round to fact and they are obviously not in any way greener than to normal ICE vehicles and now sales are falling through the floor.

The people are slowly turning towards the truth about our North sea and the importance of it.

Things are moving in the right direction

It wont take too much longer for the truth to come out, Just look at the EV 's they were to be the next big thing towards net zero, people have come round to fact and they are obviously not in any way greener than to normal ICE vehicles and now sales are falling through the floor.

The people are slowly turning towards the truth about our North sea and the importance of it.

Things are moving in the right direction