Member Info for Krakenoil

Refreshing to see some positive volume for once

30p - Target.

Love that

Amjad saved this company from going bust in years past, How can you blame him for this governments Tax robbery ?

He's far more upset over it than you are. His hard work and dedication got us almost to the point where we would have had our 60p party.

Https://www.nstauthority.co.uk/news-publications/wells-report-reveals-significant-growth-opportunities-which-must-be-grasped/

Stevo So why do you hold any equity then, if I felt the same way I wouldn’t hold any. You are basically saying we are worthless and you don’t see any up lift whatsoever in the next 2-3 years.

I don’t get it !

My advice to you would be sell and invest in a stock or bond that you believe will bring you a profit until the government change the EPL if they ever do

Stevo,

Do you actually hold any equity ? I think not, I also think you enjoy posting as much negativity as you can possible rustle up. Not that I really care to be honest as we have had many do the same over the years. Its not like we are sitting on $1.8b worth of debt along with low oil prices.

AB steered us through that and I'm sure he will do the same this time.

Good Accountants are great at making things look very rosy or not so rosy depending on who's benefiting

Stevo, Yes I was waiting for you to come out with that, didn't have to wait to long.

So we should have cleared the £111.3m owing on the 7% retail bond yesterday was due on the 15th. Thought we might have had a RNS stating that the stub had been cleared, We also have the 2022 EPL charge to clear this month ($75m)

Stevo - You always highlight the negatives with EnQuest. I don’t think you have any equity whatsoever.

Our BE cost are around 58 bucks and that includes all debt costs etc.

Enquest have always run a tight ship and have outperformed both PMO (Harbour) and Tullow pound for pound every year for the past 5 years and we had much higher debt back then and lower oil prices as well

I think Stevo wants cheap shares but hasn’t bought in yet. MRC did exactly the same a few years back if you remember. Talked the stock down then suddenly changed his tune once filled his boots

This is putting the British public at risk and that's not right.

This is extremely worrying, if we end up at war with zero oil and Gas then what ?

Blackouts and extremely high heating bills is what we have to look forward to.

I will probably be ok in a freezing cold house in darkness but most of our aging population won't be.

If this is the direction Labour and the Tories want us to go then I might think about buggering off to another country, China or Russia look more likely to look after their citizens than we do

EnQuest is focused 100% on using every penny we have on paying of the expensive debt, We should be a little bit in front of where we expected to be on our next update.

It needs to be a great one this time as the last one wasn't good at all was it.

Obviously shareholder returns are back on hold while we hand it all over to the government

Pressure mounting on the government over the impact of the WFT is mounting and alarm bells must be ringing.

I bet the other large producers around the world must be thinking - What the hell are they doing ffs.

I might ask the question to my MP - Will they be handing out free candles and thick blankets

Maybe Labour is planning that for the new 1.5million houses he wants to build.

All the others seem to have regained yesterday’s losses.

They do say the mental ones are the best in bed it’s just the other 23 hours 59 minutes of the day that’s the problem.

JSO have relieved a good few men, so they do a have some uses

The sudden rise in oil prices after the attack was a easy short, same as the last few times oil prices have risen quick due to some sort of attack

I bet they short the price down lower than it was before the attacks happened.

No debt, 45k daily production with Brent trading around $85 we must be seeing FCF around $270m after the windfall tax has been stolen. So I would say we must be worth £60p a share. With No windfall Tax you could double that

They are now saying It was Diesel Range Rover, shame you can’t see the registration in the video then we could confirm it

1200 cars apparently were destroyed

The footage released shows a EV Range Rover self combusting causing the huge fire at Luton airport

We could use all the farm land in the country - Who needs home grown food when you can import it.

Off topic it looks like we might be needing extra wide car parking spaces ( 40 feet ) if we are going all electric vehicles by 2030. - Luton Airport

How are they going to deal with that sort of fire in under ground car parking spaces in London and other cities ? I wouldn't want to be in a top floor flat with that lot burning underneath. Could be a few penthouses going cheap by 2030

I do agree with you about the ear splitting tanks they call Harley’s lol if we ever hit the jackpot holding this stock I’ll buy a big boat and use one of those Harley’s as an anchor lol