Prepare for the worst to come

https://www.bloomberg.com/news/articles/2020-03-29/the-global-oil-market-is-broken-drowning-in-crude-nobody-needs?utm_medium=social&utm_content=business&utm_campaign=socialflow-organic&cmpid=socialflow-facebook-business&utm_source=facebook

Prepare for the worst to come.

https://www.bloomberg.com/news/articles/2020-03-29/the-global-oil-market-is-broken-drowning-in-crude-nobody-needs?utm_medium=social&utm_content=business&utm_campaign=socialflow-organic&cmpid=socialflow-facebook-business&utm_source=facebook

Many believe below 20 per barrel is very close now. Unthought of it..... yes anything can happen

Who, what can salvage the situation? Everyone is thinking now.

Trump always does the crazy thing where no president does before. Set the price for oil..... seem ridiculous?

Can US set the oil price? Look unlikely as many will oppose it? What else can do as excessive oil is now influx to market may over 20 million barrel per day.

Even Saudi stop to flush the additional capacity of 3 million in 1 April, it seen doesn't Help much. 3 million is just drop in ocean now.

It going to be bleak day for remaining weeks and months.

spinninglotus, you need to think why people don't trust you.

Very bad, corona virus induced recession is almost certain. What we can do? Stay at home at most now to protect our live and other live as well.

https://www.cnbc.com/2020/03/10/oil-prices-russia-hints-at-further-talks-with-saudi-arabia-and-opec.html

https://www.cnbc.com/2020/03/10/oil-prices-russia-hints-at-further-talks-with-saudi-arabia-and-opec.html

Likely to be. Really need strong mindset and will to sail through the current uncertainty.

If it happen, 15 cents is still too high of entry point.

The worst not coming but be prepared

If US, Euro become another wuhan or even worst the overall of 3.6 million barrel cut down is still not enough to prevent oil price drop below USD 50

I’m more worry of corona virus. How low oil price will go down depend how worst this virus gets

No worries, after squabble and suffer enough both Russia and opec will finally come back to table for discussion on oil cut plan.

I don’t see they want to repeat the episode of 2014 price war.

Most people only see price will drop further next week. Why PNB bother to bailout? Isn’t it better PNB can get more share at cheaper price? Bailout is self defeating.

Next week is for shorties

If continue fight like this 13 cents will be very soon

The same happen in 2014 for price war, seem like they want the same episode to repeat again in 2020? Can’t imagine,

Bitterly fighting couple end up happily ending

It won’t going to fight long before they come to table again for oil cut plan. Russia has budget based on USD 55 for 2020, USD 50 for 2021 to 2022. If oil drop toward USD40 what will happen to Russia Rouble?

Can’t imagine if both of them want to die happily...

Just let it free fall next week, months back later is another invincible Armada

My wish too. Just prepare for the worst scenario. Mentally prepared to “ circumvent’ emotional selling.

In one month time, target price for

Armada: 23 cents
Sapnrg: 13 cents
Alam: 8 cents
Velesto: 24 cents

Will it happen???

Few millions to Shahril is not big matter compare to his monthly earning.

Cut loss is another option

I bought in at .265. Prepared to bear another 20 to 30% loss.in short term

From 26 cent drop to 17 cent is seemed cheap. Now 17 cents is not cheap as it will drop further next week. Perception changed when market in negative sentiments.

17 cents is too cheap for sap?

Icon888, going to cut lost next week? If not going to see it drop further.

It is a real challenging time for oil stock investor. Only those can survive the current setback to emerge as winner

In short term, we may expect drop for another 20 to 30% if no oil cut plan at all after April

Unless opec and non opec come back again for oil cut plan

Hold tight , further plunging is coming on next week.

Those who enter at high price prepare for lower sap price. However once this virus is over, sap will recover. Just matter of time. More importantly be patient during this difficult time.

Finally l’m positive that opec and non opec will strike a deal later.... both won’t want to die together.

If opec abandon the existing oil cut plan with non opec, by April the excessive oil will flush to market. Likely it won’t take long before oil drop below USD40.

By that time SAP may touch 13 cent . This is my prediction as nobody will know what will going to turn out later. It could be finally opec and Russia agreed to cut plan with plan change to deep cut instead of deeper cut.

Waiting for OPEC meeting outcome by this weekend

All waiting for opec meeting outcome now.

If deep cut, oil will back to above USD 55

https://www.theedgemarkets.com/article/opec-and-allies-consider-significant-oil-output-cuts-coronavirus-hits-demand

Oil price will stay at brink of USD 50 until opec unveil its cut plan

Let see how deep cut opec can achieve.

https://www.theedgemarkets.com/article/opec-and-allies-consider-significant-oil-output-cuts-coronavirus-hits-demand

2020 best director cum best actor no other than M.

Backdoor dog......will run wild now

Another GE coming?

雷神山医院院长：疫情拐点已经来到 我很有信心。
从2月8日开始，武汉雷神山医院陆续收治患者。截至15日上午，雷神山医院已开放13个病区。今天，央视新闻专访武汉大学中南医院院长、雷神山医院院长王行环，访谈里院长介绍了目前医院的基本情况，并说道：“真正的疫情拐点已经来到，现在里面消耗的很多都是存量。从新发的情况来看，我观察到的，5天以来我们自己的几个点，发热的数量在下降。它是有一个坡度，逐渐在降，稳稳地在降，没有反弹过，我是很有信心的。”

bought some at 0.38