Member Info for Krakenoil

If Miliband held the same current position in Russia and acted the way he has here putting his zealotry before the country he would be pushing up daisies by now.

Why have we let him do it here ?

Trump can’t have war with Iran and low oil prices that just doesn’t work. He’s now dropped sanctions on Russian oil aiding their war machine and allowing Iran’s oil tankers to pass through to China unchallenged but gets angry over Iran targeting everyone else’s oil tankers

What does he expect ? it’s war mate

So we are almost back to where we were before the bombing began and Brent was sitting around $71, So with Brent $20 higher why haven't we moved up but you can almost guarantee our SP will fall along side oil prices as we are seeing today.

We were on a roll before before this all started and I do believe Reeves would have caved in on EPL changes.

Reeves better rethink her statement she made today and change the stupid EPL

She can rethink it now, Trump says mission complete lol

Oil down $34 from this mornings open

Trump certainly knows how to play the markets

Bet we tank tomorrow

What the hell has Miliband got on Starmer ?

Where are we going to get the £100 trillion for the new infrastructure required for all this electric demand going to come from ?

We can Tax the North sea to death, Tax the farmers to death, Tax the working class until they give up and claim benefits, Tax the all the Millionaires so they're forced to leave the country.

What next ? Tax food until people cant afford to eat, Pay per mile until they cant go anywhere, Tax the Air we breath, How about Toilet tax ?

Everytime you post a SP prediction the SP tanks

You should keep your mouth shut lol

Oil prices won’t come back down anytime soon as we are now seeing SPR being used up and production shut in in some of the major fields in the ME

Trump will want to get the world moving again as quickly as possible as high oil prices are not going to do his popularity much good in the US let alone the rest of the world other than Putin who will be grinning from ear to ear while it lasts. My guess is oil will remain around $100 or higher for at least 3 months and will drop back towards $75 as countries refill their reserves again some have been caught out as they were already partially drained before hand. They won’t make the same mistake again.

EnQuest will add a significant amount of FCF during this period and the timing of the Magnus deal couldn’t have been better.

Who knows we could even see oil prices at $130 for a month or two.

What Labour can’t have is “We all told you so “ if and when we run out of oil or Gas.

Imagine the headlines

This is Labour, they can’t get anything right and mad Ed will not agree to it. Unfortunately what he says seems to be the final say

Starmer is a week leader that can’t lead

No Linda Cook lol

Oh and by the way Ed here’s that black eye you deserve - whack !

And don’t let the door smack the back or your head on the way out. - boot ! Lol

Let’s not get our hopes up up too much again because we’ve been here twice before over the past year or so to then get the rug pulled from under our feet

I’ll believe it when she actually signs off the change

You would think Cobas would be in the know as well but they have sliced. Why have they done that if there is a chance of the EPL being changed? Maybe they are only allowed to hold a certain cash amount in EnQ and the rise has pushed them over that figure or realised profits pay great bonuses at the end of the month.

If she does change it, we drop back to a zero tax payer in the future and Bressay is back on the table

Canaccord Genuity has raised its target price for EnQuest from by over a quarter, hailing the "considerable value" unlocked by a transaction affecting the oil group's Magnus field in the North Sea.

Canaccord Genuity kept a 'buy' rating on the stock, lifting its target price from 22p to 28p.

Updates on 2025 trading showed "strong operational delivery", according to Canaccord Genuity, with full-year production of 45.6kbopd coming in ahead of the 40-45kbopd guidance. 2026 guidance was 41-45kbopd, with upside limited from early-year downtime at Magnus and natural declines at the Kraken field.

However, the broker said the "standout news" from Monday's update was that EnQuest is paying $60m to secure 100% of future Magnus field cashflows, settling the contingent liability to the previous operator which the company had valued at $433m.

The UK could be supplying Europe with oil and Gas but no this Government would rather they buy from Russia again and What's even worse than that we might have to as well.

Putin must be laughing his bollx off as his war machine will be help funded by some of the countries trying to defend against him.

You couldn't make this up

What a mess we are in !

Never known EnQuest to be in the red against oil prices at +8%

Very strange

Proves 100% this government is driven by zealotry, When we have the new fair mechanism agreed by both sides and this bastard government won’t change it even if it means we end up sitting it the dark with power cuts.

Cobas sliced a few over the last few days then

Nothing goes up in a straight line and we have a gap around 17.2 to fill

Brent up again this morning. But at some point the market will sell off and Trump being the usual trigger

Ed is acting like a desperate man and the question is “why is he so desperate to kill off the North Sea and push 100% net zero ? I don’t believe it’s just zealotry there has to be something more to it. Is someone blackmailing him over it ? What’s he hiding? Has he had a little trip to Epstein’s island in the past ?