Enquest Share Discussion Threads

[stansmith3] 25/4/2019 21:04

oh ohdeuchebags outon to take credit as he usually doestrouble is people see through it noweven on filter i can guess the claptrapthere is no escape they will gaslight as long as they can to seek attention

[onedb1] 25/4/2019 20:44

More than happy to post here as long as the plonker sticks to the other B.B. but if 1 person messages me he is invading over here too then what is the point ? I may need to look at setting one up which allows me to ban him totally from the actual B.B. . As frankly speaking look at the vitriol he spews towards so many . Now it's Master RSI or Stumpy before it was many more . Like even if I disagree I don't attack anyone I'd much prefer a civil non disruptive board .

[onedb1] 25/4/2019 20:39

Thanks for letting me know about the daily nonsense that chap spreads Make him ( Stan smith ) a deal If he doesn't follow me like he did on the other board I am super happy to go back to the board I revitalised .Let's see if accepts the challenge . The liar is verifiable as am told he came posting on that B.B. too . He just can't resist . Weird fetish He can stick to this B.B. and I won't ever come back . Let's see how many are interested in being on a B.B. with him ... prepared to bet not many at all .

[stansmith3] 25/4/2019 17:30

anmulets face it bad day for gaslighterhe was exposed so badly, even he realised it and had to resort to posting pictureshe has reverted to plan b, making brent posts and pretending nothing happenedi never laughed so much since onedeuchebag gave up and tried to start his own board (he came back here as no one was interested)

[steelwatch] 25/4/2019 17:22

Steve - off topic - on mobile at the mo, but RigZone article says Esso Fawley is going to be expanded to produce more diesel into UK market which currently relies heavily on imported.

[master rsi] 25/4/2019 16:36

Brent oil finishing below its best of the day, though a new high lately

Intraday futures - WTI light sweet --------------------- BRENT crude -------

2 months chart - WTI light sweet --------------------- BRENT crude -------

[ammu12] 25/4/2019 16:33

Strange Master RSI thought this would rise however could fall as well or stay flat. 100% accurate with her productions

[master rsi] 25/4/2019 16:24

American Idiot


you are joking a bit too much, try to be a bit more serious

are you trying to say you would like to see Pic of "Ammu"?

[american idiot] 25/4/2019 16:10

Master RSI,

RE :

Ammu12 25 Apr '19 - 11:50 - 8091 of 8114
Wow this is gonna blow to orbit

I think perhaps he was refering to the large amount of wind coming from his rear end ?

[steve73] 25/4/2019 16:09

cumnor..... LOL...

What would you expect...? It's not much use for cooking or massage, but it's too good to simply burn...!

IIRC it's a low sulphur but heavy oil. Low S makes it attractive, heavy make it generally less valuable (even though a barrel of heavy oil weighs more and has more energy output), since it's less suitable for gasoline or jet fuel (prime products). Most heavy oils can be upgraded (cracked) to lighter components, but there's a cost of doing so.. and you only get 90-95% or so of products, and perhaps only 60-70% of "useful" ones suitable for gasoline blending.

So generally heavy oils are more sour (more sulphur) and are worth less.. Kraken is sweet so it's worth more than most heavy crudes.

And then, in todays US refining market, there's a shortage of heavy oil (i.e. from Venezuela), and much too much light stuff from shales, and the refineries aren't really suited to such a light crude mix.. so Kraken can be sold for more in US (even taking into account of shipping it across the Atlantic), then it can be sold for in the European market.

Every type of oil is only worth what a refiner will pay for it. Each type is "worth" a different value for each refinery (since each refinery usually has slightly different configuration). It also depends on what the products can sell for, and the season. I spent a few years working at a UK refinery optimizing the crudes to buy, the way we needed to mix them, the operating conditions of each refining unit op, and then the products we would make. A 20ct/bbl improvement in the overall costs could make a big difference between operating at a loss or making a small profit....when you're refining over 100,000 bbls per day.

wiki makes a pretty good attempt at describing refining in a bit more detail if anyone really is interested.... but it probably won't help your investing decisions..

Not sure if I managed to answer your question there or not... LOL.

[master rsi] 25/4/2019 16:03

Taking the P!ss
of poor "Ammu12" one of those cynics of my charts
but the reason is I told the guy OFF some time back

One can not buy knowledge but one can talk rubbish
most of the time, share price was at the time 22.75p
close to today's high, now 22.20p just look below ....

Ammu12 25 Apr '19 - 11:50 - 8091 of 8114
Wow this is gonna blow to orbit

[specul82] 25/4/2019 16:02

Wonder if Norwegian fund is dumping there holding here hence the lack of increase in the share value

[cumnor] 25/4/2019 15:27

Steve, re your post and as you are one of the very few here who seems to know what you are talking about is Kraken oil good or bad or worse or better than one would expect, for those of us who nothing about oil?

[svenice7] 25/4/2019 15:14

Thank Steve, very informative.

[american idiot] 25/4/2019 15:04

Andypop1,

I think the problems lie in the current broker ratings.

Whilst I certainly think they are a load of old tosh there will be large investors who are influenced by their share price targets.

I think we have got to see a re-rating soon based on Kraken improved production / Brent higher than analyst predictions upon what they based their original analysis on.

The next operational update will see to this.

[stupmy] 25/4/2019 14:54

Are you all wearing bathers?

If 2916 doesn't hold, you be wishing you were!

2h chart US500.

[andypop1] 25/4/2019 14:44

I think today's RNS puts Tuesday's rise into perspective given the large buy that got the more positive posters all excited early was the company buying up shares on Tuesday for the staff incentive and bonus scheme announced earlier.

Most, including me, assumed the 8% rise was due to the oil price. It wasn't, it was in part due to the company loading up hence what I described as a harsh 4% fall yesterday wasn't that harsh after all.

So take that in any way you like but would an 8% rise be justified for the way oil has moved since Easter?
I would say yes given the historical price movements here.
That then raises some more ugly questions!!!

Good luck.

[andypop1] 25/4/2019 14:11

Stumpy,
Well done, you finally got something right. I won't be clicking the link.

[stansmith3] 25/4/2019 13:44

all bases covered on the way up after calling it down 2 hours agogreat stuff

[stupmy] 25/4/2019 13:39

For the sake of completeness: Thar she blow, the 2h chart that is. I imagine Andynob won't bother following this ling!

[bloomberg2] 25/4/2019 13:30

Starring Amjad as the new Bond!!!

[bloomberg2] 25/4/2019 13:29

https://youtu.be/lrX6ktLg8WQEnq1 Bonds are back!!!

[stansmith3] 25/4/2019 13:10

master gaslighteryou have got nothing rightin actual fact you could scarcely have been more wrongall it took was to keep reminding people of what you actually saidand now true to name you are trying to gaslight everybody saying you were right

[steve73] 25/4/2019 13:02

Sven, I can't recall the density of Kraken - but I know it's heavy... perhaps close to 0.95 te/m3. So around 1.05 m3/te, then 6.29 bbl/m3.
Export quality should be low BS&W (Basic Sediment & Water) - typically less than 2% or it'll get hit with a big discount, beyond the simple correction... although we know they've had problems with water separation, so it might be a little bit higher than this.....
So 1 te in the tank is 1 x 0.98 x 1.05 x 6.29 = 6.5 bbl (close enough..)

There are actual oil production figures available from OGA. They're 3 months out of date.. but I was using them to cross-check the offload sizes for last year.. Seems they were averaging close to 1/2 Million bbls per load, or maybe around 5% more.

So a load every 12 or 13 days is around 40,000 bpd.. The guys on LSE run more accurate calcs, using draft changes (of the shuttle tanker & the export tankers after a STS transfer) & also offloading times at Kraken, but it paints the same basic picture as my thumb-in-the-air estimate.