micsoh and leempeh if you think my comment is not worth to read, i can stop posting

https://oilprice.com/Energy/Energy-General/Oil-Prices-Rebound-As-Saudis-Reassure-Markets.html

seem like will not drop further

https://oilprice.com/Energy/Energy-General/Oil-Prices-Rebound-As-Saudis-Reassure-Markets.html

so have to wait thu though, dont forget to buy more then, you will not regret

if you hold multi millions of shares in one counter, i reckon you should have millions in others too

somehow, if we really a millionaire or have a millionaire friend, smart people will know when we/they say a thing, its really something that not similar to non-millionaires friend thing

so please read back your millionaires posting and see if you belong to which group of thing

dun worry so far those jump from the bridge still alive

ex ceo force selling cause price drop, accumulate more below 0.09

3/5 of my holdings all in o&g, if o&g koyak, have to jump penang bridge

earned 1st round then missed ride to 15 and bonus, now im coming back bought 12c

i accumulate at .575 and .58, tomorrow will collect again

58c price give 2c div, very very good. continue hold until end year when sandz start contribute 1.5m quarterly

would it drop below .29? save some bullet for last collection this week if drop

it happened when it was 24 back to 18, its not impossible to repeat again

you can see epf is collecting and dumping, one of method to reduce stake without pushing the price deep

DasWack, barakah is one of the highest gearing among o&g stocks, expect to continue loss this year but im buying for technical aspect, increasing volume, mgmt change, mou with another o&g player and debt regularisation plan

It was traded at 6c before stay at 9c for quite sometimes, i decided to buy some at 0.095

dun worry, will not drop below 22 bcoz current already below fair value

2 SC vessel still no job at this moment, including claire

but i predict next coming qtr will continue red due to impairment and lower income from oms, operationally still profitable with increase income from Kraken and TGT1

only possible to happen if oil below 50usd for long period

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3iii My TP 16 sen
30/04/2019 11:07 AM

matched at .29 too today

however fpso depends on contracts and charter from major oil producer like enquest, so its profit depends on work order and charter rate.. but when oil price good, major oil can increase capex and award more contract to fpso

its a 3rd tier beneficial of oil recovery, while pure driller like hibscs, velesto and reach will be 2nd

fpso and oil rig asset purpose is the same, to drill oil from below sea bed

every drill asset work on different depth, fpso have deeper capacity and function to work at deep water while oil rig at shallow

bro, i know what is armada n hibscs doing, i even have the list of asset armada have, i jst take example to those bought hibscs when oil price was low

velesto and reach another pure driller now traded at their low price, what if in the next 1-2 years oil stay >70usd and hit till 100usd?

the strategy is very simple, buy now and wait for oil market to recover/sustain, if it dont go in our favour, if price drop, set lower limit and move own like skyu mentioned....

buying armada now comes with a high risk which many already aware of, and it also coming with a big reward if things goes well.... all depends with "oil price''

when hibiscs was 40c, people whom bought it at that times sure understand what im trying to say

3iii, which part had i twisted your point? i am afraid you and lachai2004 misunderstood the word "unprecedented"

when i said oil price slump is "unprecedented", it means you have no history for this particular turnaround case. if have, please bring it up if you have the data.

the examples you gave is non pure o&g companies which have problem with their "business strategies" but armada and rest of pure o&g was in bad shape because the oil slump.

you cannot compare "a commodity" product with those consumers (hai-o,parkson), services (hyflux), technology (penta), engineering (knm)...

you know what the BIGGEST DIFFERENT between them?? the biggest different is the product price for oil is determine by global demand, while those companies products and services IS NOT...

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Sadly, SuperPanda is just too emotionally involved in Armada and had to twist what I posted to suit his investing.

ONGC Indian will not boost much as it already expected, but if claire deploy for the project in Q3, Q4 will not have impairment on it

I have confident for end year, but coming Q1 and Q2 report might still weak due to impairment/depreciation/interest

queue at .245 at prev ave

queue to accumulate at 0.29, also at reach, still not get yet

queue to accumulate at .29, from morning still yet to get

if during market down it can stay >23, means when market up, it may trade between 24-27 again

armada was between 20-21c before the refinance news out, i think it will have strong support above 21c until next movement

but hopefully it will stay above 23c

bursa continue is losing streak, 469 losers, 171 gainers, 1272 unchanged

bursa formula very simple, up 3 days but drop for 3 wks

when i said retail is dying, im not sure if debenham closing its stores can be relate or not

however debenham is UK outlet, but parkson mainly msia, china and vietnam, different niche, target mrkt... people lifestyle spending differ from country to country, town to town

its a surprise to my knowledge that speedmart99 a local franchise grocery stores is leading msian franchise with whopping 2.2b sales last year.. worth to think

i can say, consumer product needs to follow its own market, parkson can increase sales if they know what consumer wants.. but for oil it only follow global demand and supply curve

https://www.google.com/amp/s/amp.theguardian.com/business/2019/apr/26/debenhams-to-close-22-stores-full-list

https://www.theedgemarkets.com/article/99-speedmart-top-sales-among-franchise-businesses

oil slump is unprecedented.. below example are not comparative to the o&g counter that been hit with the fall and cant be taken as benchmark of turnaround cases

KNM - its nor pure o&g
Hyflux - is not even o&g
Hai-O - MLM is a trend (Amway, CNI, Zhulian, Cosway)
Parkson - retail is dying due to online shopping
Penta and Tech - is not a turnaround, its IoT boom

IoT boom is beyond normal people reach, when yahoo start listing nobody expect google will lead market

when Jeff Bezos starts selling books online, who think he will be what he is today

please be fair to information and knowledge, and dont put your ego of trying to being right to be educative

but if epf continue reducing its stake, upside will be limited.. they acquired 10m but the sell 15m.. you cannot beat epf, nobody can

we should see oil will reach 80usd soon, give another month

concern is on its gearing, it become higher due to extra interest.. IBs still worry how they would pay back bcoz the profit from income will not sufficient to pay

thats why they hve to monetise asset, esp on osv which are idle (idling is a cost)

when you have a bmw and a merc, when cash flow deteriorate, you should not keep both

AK should know what to do, time will tell but oil price cannot drop below 60usd for them to survive
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Ron90 wah..suddenly so many ppl critis this refinancing plan...huhu
27/04/2019 10:49 PM

ha ha.. id never used margin.. dont even hve one. stock market is the highest risk of all investment (pls put aside crypto, thats creepy), even forex is more stable

but if you ask me when we should accumulate o&g, my answer is now, which at its historical low price and recovery sector...

hve you seen the impact of lower oil price for arabs? been to dubai and saudi b4? spot the difference? yes they hve tax now.. jst like msia gst.. if oil going down for another 2-3 years, arabs will suffer.. opec will not allow oil to drop below operational margin.. so far they are doing great job..

so buy and keep o&g now, monitor the oil price and chill out
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rr88 Superpanda. Go for the kill. 200% of your capital in stocks. 100% yr own + 100% from margin facilities. You live only once. Go for it. All or nothing.
27/04/2019 1:17 PM

the future of o&g stocks is rely on oil price, pure drillers have direct effect while services depends on work orders, while tankers like dialog and bunkering like straits are another category or waseong on pipes or petron on refinery have different effect too

we should able to differentiate between them and know the limit when should we in and out for the sector

dont be so naive, if you hve $1, dont put all in one basket, barakah and alam combine only 20c, still hve 80c left, still can buy armada and ucrest and keep the balance

if armada goes wrong, its only 1/4 of your investment and if you are smarter, your capital in stock market maybe only 1/5 of your total current assets, if stock market collapse, you still have 4/5 of your cash flow

its normal for a chart to move up and down and up and down again.. but long term should be incremental..

if this round can stay above 22 after months below 20 its good, but if go below 20... then you should know what to do

market will not always drop, next week it will find its way back, otherwise how punters make money

sahul disposition may relate to something, is he reducing to allow another party to move in? that might possible

buy bcoz expect oil will reach 80 again and see what happen once it reach that

if still not moving, then move out

if below 30c, should buy again, after qtr out in a month can get 33c @ 10% gain

hope he can pull in more jobs and support its financial

you should know that barakah has srwak tycoon as main shareholder

Not a bad closing since my ave still at .245

the only hope for o&g counter to survive, is the recovery of oil price.. hope it’ll stay good till the rest of the year