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short selling.. market reaction to bad news.. repair is going to take some time.. this may take awhile.. situation is uncertain. Expect some more bad news in future...
FPSO Kraken is in North Sea. We now know timeline to fix Kraken. It doesnt take long. 3 weeks min. We also know how this impact Armada revenue. It doesnt impact that much. We also know whats crude oil price will be at the end of the year around USD80 - 85 boe according to JP Morgan Chase.
The first option open to Russia is to make more use of its oil pipelines. Russia exported over 6mn barrels per day in 2022, of which about 2mn bpd left by pipeline – mainly the Druzhba pipeline with a capacity of 1.4mn bpd that runs from Siberia to Central Europe, and the Eastern Siberia-Pacific Ocean (ESPO) that connects to China with a capacity of around 1mn bpd
When we purchase our equipment, we have to make sure every thing fits and compatible. Kraken is just recently deployed in North Sea. We already anticipate Kraken will need time to sort things out before running at full capacity.
this kraken at least four or five year there already, when I first purchase this stock , it's just 15sen only, one of the reason is this kraken still not yet hit the owner target barrel, after the current CEO which is Gary take over, only kraken start operation full, look like you still new to this stock
the weird part is why I report the harsh language he use but not action been taken by this apps, last time when I said something harsh, I immediately been erase and ban quite a long time cannot input command , but this guy.....