40s...hari ini ....boleh atau tak boleh......

As of now the Brent oil price is rangebound USD 70-80 PB, I think no need RI to settle those small borrowings. The sale of oil is more than enough to cover those borrowings

No worries ming, RM 280 M is very small compared to Sapura RM 16 B debts. However, Reach oil production as of last Qtr is 2900 bpd, the profit is RM 11 M, the next Qtr from July till Sept, the production is 3900 bpd, Reach will make more profit to settle those debts

Hi ming, Reach is only 2 years old, give the company 8 more months

Hi Nicholasming91, Reach has ZERO bank borrowings but they do have a small borrowings of RM 180 M only to a corporate shareholder ie MIEH of which there is no fixed repayment period, only some interest rate.

Let's see can go 40s or not.

Mother and son moving together. This is very good.

I make money in this counter, sir. Just have to buy base on fundamentals

OK guys, sit back and Relax and Enjoy

Warrant still holding very well, meaning mother is good to go uptrend again

Almost ZERO BANK BORROWINGS, revenue very consistent, always make profit every QTR

An excellent stock, well managed by the Bods, practically will benefit from the US China trade war

One hour of profit taking but very strong support at 37s. Let's hope going to 40s very very soon

Profit taking is normal and healthy in any trading

Some will take profit.

Ada berita baik kot

Good news coming guys

Breakout..... Breakout...

Wow...... Wow

Reach is for long term investors who see the true value much later. Invest and stay cool

Come on Reach, you can do better than 34s

Brent oil price almost 80 pb. Forex is 4.14, production rate 3900 bpd. Reach make profit next Qtr

Relax and enjoy.

My suggestion is just buy and keep until the good old days are back for og stocks

Very tiring playing like that sir, we never know Reach can suddenly go up by 8s like it used to be.

Stay cool guys, long term investors will be rewarded.

By then Reach Energy will be RM 1.00

Buy and hold. Wait for oil production to hit 12,000 bpd by 3Q 19

Brent oil hit 80.07 pb . Lets see how far oil price can go up

Crude oil price goes up strongly on the back of the EIA Report of huge drawdown of 5.3m barrels of oil. Supply crunch, robust global demand and Iran sanctions will certainly spike up the prices

Brent oil will hit 80 pb soon

Stay cool

Relax Jeffrey Ng. No worries.

Brent still up, very close to 80 pb

Mother up, son will be up. Just wait for the son

Reach Energy only has very SMALL debts ie RM 180 m , owing to a corporate shareholder ie MIEH of HK. So no worries about cash call from the bank since Reach has ZERO BANK BORROWINGS. Now you can convert 1 for 1 with Reach

Hi guys, get out of Sapura. Go to REACH

Sapura selling assets to pay debts. This is bad. REACH Energy does not have to sell assets to repay corporate shareholder money of only RM 180 M. Reach sells OIL to pay.

Reach has ZERO BANK BORROWINGS, so no worry about cash call like Sapura.

Yes sir! It sure can hit 40s very soon since brent oil is up due to robust global demand and supply crunch

Backwardation simply means traders are willing to pay a much higher price for oil now than the current price.

Brent oil price going to hit USD 80 pb anytime since global demand is excellent and backwardation is being traded now. Opportunity for long term investors

By 3Q 19, production rate will be 12,000 bpd

There are two very important variables for Reach . They are brent oil price and production rates. Reach will make profit if the brent price is rangebound 70-80 and production rates is 3000 bpd.

Sapura is still good despite laden with debts.

Sapura borrowings too BIG.

Anyway, I am positive with Reach. Let's wait and see the outcome next year. As long as Brent oil is rangebound 70-80 pb, then it is worth the wait.

Thanks for the sharing YLR33.

I am long term investor, waiting for 12,000 bpd

Yes, sir. You are right FD or Reach. Long term investments has risk and also rewards. Hibiscus was 19.5s two years ago!