sell all if no confident

New York oil prices rose more than 2% in 3 weeks the largest

06/03/2018


Reduced inventories at the United States oil distribution center and the disruption of Libya's crude oil supply offset the impact of the International Energy Agency (IEA) on the U.S. production increase. External oil prices rose on Monday, recorded the biggest one-day increase in nearly three weeks.

April NY Oil closed up $ 1.32, or 2.2%, at $ 62.57 a barrel. May Brent oil futures closed up $ 1.17, or 1.8%, at $ 65.54 a barrel. Both recorded the largest one-day increase since Feb. 14.

Phil Flynn, a senior analyst at Price Futures, said traders are watching Cushing inventories fall. There are reports that local stocks decreased by 600,000 barrels last week, the lowest since 2014. Flynn pointed out that the above news reflects the strong demand for crude oil.

Oil Gains on Libya Field Halt as Geopolititical Risk Resurfaces
By
March 5, 2018, 8:18 AM GMT+8
Updated on March 5, 2018, 12:30 PM GMT+8
Libya’s biggest oil field said to halt production on Sunday
U.S. benchmark WTI rises second day above $61 a barrel

Oil climbed as geopolitical risk resurfaced, with a halt at Libya’s biggest crude field sparking speculation that supply will tighten and help reduce a global glut.

Futures in New York rose as much as 0.8 percent after a 3.6 percent decline last week. Production is said to have been halted at the Sharara oil field, the largest in the North African nation, on Sunday after protests disrupted output at another of the OPEC member’s deposits last month.

Oil has been struggling to regain the highs of January as rising U.S. output challenges efforts by the Organization of Petroleum Exporting Countries and its allies to ease a supply glut. Surging production from Libya has also been a thorn for the oil market, with concern that further growth may take the country to a level that would test a pledge made to OPEC to help limit an oversupply.

“Oil prices are responding to the tightening of supply due to the Libyan production halt,” Takayuki Nogami, chief economist at state-backed Japan Oil, Gas & Metals National Corp., said by phone. “Geopolitical risks in Libya were thought to have declined but that turned out to be wrong. Even if the Sharara field starts production again, the risk of another halt remains.”

Prices Climb
West Texas Intermediate for April delivery rose as much as 50 cents to $61.75 a barrel on the New York Mercantile Exchange and traded at $61.53 at 1:18 p.m. in Tokyo. The contract fell 3.6 percent last week, the first weekly decline in three weeks. Total volume traded was about 11 percent below the 100-day average.

Brent for May settlement added 27 cents to at $64.64 on the London-based ICE Futures Europe Exchange. Front-month futures slipped 4.4 percent last week. The global benchmark traded at a $3.29 premium to May WTI.

Libya has struggled to boost oil production amid the lingering effects of civil strife that erupted earlier in the decade. Though output has risen, it remains well below the 1.8 million barrels a day Libya pumped before the ouster and killing of former leader Muammar Qaddafi. The halt on Sunday resulted from the closing of a pipeline from Sharara to the Zawiya refinery, according to a person with knowledge of the matter.

While investors focus on Libya, in the U.S., oil explorers boosted the number of rigs drilling for crude to 800 for the first time in almost three years, according to Baker Hughes data released on Friday. Drillers have been accelerating exploration in an almost-unbroken streak since the beginning of November, vaulting American crude output to a record of more than 10 million barrels a day.

Other oil-market news:

CERAWeek by IHS Markit, the largest gathering of energy executives and officials in the Americas, begins Monday, when Secretary General Mohammad Barkindo will dine with shale executives in Houston.
Money managers boosted bets on rising WTI crude prices by the most in six weeks during the week ended Feb. 27, according to the U.S. Commodity Futures Trading Commission
China National Petroleum Corp.’s crude production may fall about 1 percent year-on-year in 2018, General Manager Zhang Jianhua said in Beijing.
Before it's here, it's on the Bloomberg Terminal.

Sell if feel this counter not good

(February 2) - OPEC countries' crude oil output fell to a 10-month low in February mainly due to the shutdown of one oilfield in the United Arab Emirates and the continuous decline in output in Venezuela.

OPEC and its allies, including Russia, disregard their suspicions and intensify their cutback commitments for as long as they can to overdue inventories and raise prices. Although the group said it will work hard to abide by the reduction agreement by the end of the year, it is also competing with the U.S. production hit a new high, which may undermine its production cut.

According to a Bloomberg survey of analysts, oil companies and ship tracking data, OPEC's 14 member nations may have output of 80,000 barrels a day in February to 32.28 million barrels a day. This is the lowest level since 3189 barrels / day in April last year.

Venezuelan output dropped 30,000 barrels a day to 1.68 million barrels a day.

A large part of the reason why OPEC has been able to meet its production cut commitments lies in Venezuela.

The country's oil industry is not only under-invested but also threatened by U.S. sanctions, whose output dropped to its lowest level since the 1980s last year.

The survey found that the United Arab Emirates produced 2.8 million barrels of oil a day, down 50,000 barrels from January.

The daily output of Saudi Arabia, the largest producer of OPEC, dropped 80,000 barrels to 9,800 barrels / day.

Libya's production increased 70,000 barrels a day to 105 million barrels, the highest level since 2013.



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PetroChina's FY17 profit after tax hiked 91% to RM45.5 billion

TheEdge Fri, Mar 02, 2018 - 4 hours ago



KUALA LUMPUR, July 2 (Bernama) - Petronas' fourth-quarter after-tax profit jumped 61% year-to-year to RM18.2 billion for the current fiscal year from RM11.3 billion a year earlier, thanks to higher turnover and net asset reduction Value reduction and cost control properly.

According to the statement of Guoyou, the fourth quarter (FY17Q4) revenue up 14% YoY to 61.8 billion ringgit for the year ended December 31, 2017 as a result of the average realized price increase of major products and the increase of LNG And sales of petroleum products increased support. However, these factors were offset by the appreciation of the Ringgit against the U.S. dollar.

Petronas's fiscal 2017 profit after tax rebounded 91% to RM45.5 billion from RMB23.8 billion last fiscal year. Turnover increased from RM195.1 billion to RM223.6 billion from a year earlier.

Petronas said: "Continuing to push productivity and operational excellence, CNOOC is in a better position to implement its long-term growth strategy and the group expects to see satisfactory performance in the coming financial year on the basis of sustained price recovery."

In a statement, Tan Sri Wan Zulkiflee Wan Ariffin, President and Chief Executive of CNOOC, said: "The modest recovery in oil prices coupled with internal efforts to increase efficiency contributed to the strength of CNG's strong performance in FY17."

He continued that the current sustainability of oil prices remains to be seen.

He said: "The concern is that costs have been rising as recovery has been seen, and if the trend is not constrained, the entire industry is at risk and denying the costly hard work we've done over the past three years value."

"Therefore, we must abandon the concept of austerity and continue to ensure cost control, efficiency and value enhancement."

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More rig-contract wins anticipated for UMW Oil & Gas Corp
TheEdge Fri, Mar 02, 2018 - 1 hour ago


UMW Oil & Gas Corp Bhd
(March 1, 31 sen)
Maintain buy with a target price of 44 sen: UMW Oil & Gas Corp Bhd (UMW-OG) incurred RM982 million asset impairment loss in fourth quarter of financial year 2017 (4QFY17) due to change in daily charter rate (DCR) assumption and weighted average cost of capital. The reasons for change in assumptions were due to slower-than-expected recovery in DCR and change in capital structure of the company post rights issue.

Year-to-date rig utilisation rate improved from 21% in FY16 to 70% in FY17 on the back of stabilisation of crude oil prices due to Opec production cut. However, we expect rig utilisation rate to fall to about 60% in 1QFY18 as Naga 2 is warm stacked and Naga 4 is undergoing special periodical survey and will only start its contract from 2QFY18 onwards. Nevertheless, we understand that management is targeting rig utilisation rate in FY18 to at least match the level in FY17.

More than 50% of the global rigs are aged more than 30 years, indicating that a significant number of rigs could be scrapped in the longer run and provide significant boast to the DCR. For FY18, we understand that at least 12 jack-up rig contracts are available for tender in Malaysia. This is positive for UMW-OG being one of the only two local players in the industry, the company stands a fairly good chance to secure a sufficient amount of contracts to replenish its order book. At this juncture, the group is participating in 33 rig contract bids (of which 21 are in Malaysia) worth a total of US$812 million (RM3.19 billion), indicating potential more rig-contract wins by the group.

Following latest outstanding quarterly results, we opine that earnings outlook of the company has improved significantly and UMW-OG is a major beneficiary of steady jack-up rig demand by Petronas Group given its role as the largest domestic jack-up rig owner. Moreover, recent share-price correction has made valuation of the stock more attractive. We maintain our “buy” call with TP maintained at 44 sen (pegged at unchanged FY18 book value per share of 0.8 times). — Hong Leong Investment Bank Research, March 1

US drop 300point, QR out drop..... sell sell sell for panic sell.... other people buy buy buy.... this was happen today.... closing 0.32...just 1cent drop... steady laa

【UMWOG】 king is about to return!
Many people explained so I will not say much, just say a few key points

1) turnover of 190 million, the highest since 2016, the 97% turnover from the drilling rig, the utilization rate of 90% or more

2) The actual net profit after deducting impairment is about 27mil. Although this score is not half of the peak in 2014, it is also worth encouraging!

3) At present, there are about 450 million short-term debt left, long-term debt is about 1.4 billion, about 1.6 billion less than the 3.4 billion in the previous quarter, mainly due to the repayment of the additional shares (the debt is denominated in U.S. dollars) because The strong dollar is a good thing for her, and vice versa is not good, the company holding 600 million in cash

The company pulled out the pulled shit out, the utilization rate is expected to reach 90% this year, the fiscal year 2018 to achieve profitable, all-round earning a small 100 million should not be a problem!

Do not wait until the company profit to buy, because the stock price has been high, to take advantage of now!


Just Sharing from other blogger

Those people always said Koyak, QR not good laa, etc negative... better sell fast fast.... don't said like 1 kampung must follow ...haizzz.... invest so long always think like that.... if think this counter good then good buy, if think this counter no good sell then....

from 2 month ago down also sell up also sell..... sell sell sell... why so hard? sell sell sell

aiyaaa........ sell sell sell.... don't headache urself..... sell sell sell if don't like

from 0.28 until 0.48...up down down up..... please sell if no confident, please hold if confident... please take risk for any investment.

If think Habiss.... if think no worthy ....sell lo...fast fast sell

dun buy dun buy... until now still talk sell call.. no eye see.... sell sell sell

Monday dun forget sell sell sell.... oil price up..for those sell call before... please sell sell... dun let the price up

nobody sell now??? before that many sell call....

why nobody wants to sell now? before that many sell call...why buy call now? sell to drop price as before talk....

don't buy... sell sell sell... somebody here ask to sell before...

sell sell all... why still up... who tickets still no sell it to drop the price? who talk want to sell before...

sell sell... don't let it up as your wish before... for those want it down, please sell now

aiyaa. before QR out.. some wish it drop.... after QR and profit... some still want it drop.... how this counter want to climb up even get profit..... sell all your share... don't give it up. then close this counter forever...

fast sell fast sell.... big fish waiting u sell

fast fast sell

who want sell now?

1 good 1 koyak... haha... must have reason right?

QR will out soon... either drop either up.... so sell if no confident and hold if confident.... every investment have risk

up lo

finally rebound... every investment have risk.

every investment have risk...if think good stock buy and hold, if think no good cut loss.....

buy when down if you believe good in future.... if you think no good in future don't buy.... everything we can't control

Hahaha.... up up up... gogogo

welcome

google translate... hopefully can help you

Brent strong rebound Malaysia and the four countries into the biggest winner

10/11/2017

International oil prices rebounded strongly, with Brent oil at $ 44 a barrel. Five oil-producing countries became "winners." The five countries were Colombia, Malaysia, Nigeria, Russia and Saudi Arabia.

Japan's Nomura Securities said in a research note released today that it evaluates the impact of a rebound in oil prices on the economy of the countries concerned based on the policies, data and economic fundamentals of various countries. Nomura Securities predicts that international oil prices will further rise in 2018 and the economies of these five countries will become the biggest winners.

Brazil and Venezuela are also winners. However, none of the above five countries is so clear that the impact of the Czech Republic, Hong Kong, Hungary, Israel, South Korea, Mexico, Poland, Romania and Singapore is neutral.

Nomura Securities pointed out that Argentina, Chile, China, Egypt, Indonesia, Peru, South Africa and Thailand will be losers.

Big losers are India, the Philippines and Turkey.

The securities said that after Brent oil hit 44 U.S. dollars a barrel in June this year, it has risen to 63 U.S. dollars, down from 115 U.S. dollars in April 2014 to 45 U.S. dollars in 2015, In terms of cloth oil rebounded 43%. The company is located in:

Just sharing... hopefully this counter are benefic

布兰特石油强力回弹 大马和四国成最大赢家
10/11/2017

国际石油价格强力回弹，布兰特石油每桶站上44美元之後，五个产油国成为＂赢家＂，这五个国家是哥伦比亚，马来西亚，尼日利亚，俄罗斯和沙地阿拉伯。

日本野村证券今日发表一份研究报告时指出，它是根据各个国家的政策，数据和经济基本面，来评估油价回弹对相关国家经济的影响。 野村证券预测国际石油价格在二零一八年将进一步走高，上述五个国家的经济，将成最大赢家。

巴西，委内瑞拉也是赢家，不过没有上述五国那麽明显，捷克，香港，匈牙利，以色列，韩国，墨西哥，波兰，罗马尼亚和新加坡的影响则为中和。

野村证券指出，阿根廷，智利，中国，埃及，印尼，秘鲁，南非和泰国将是输家。

大 输家是印度，菲律宾和土耳其。

该证券表示，布兰特石油今年六月突破每桶44美元後，一直涨至63美元，相二零一四年六月由每桶115美元，下跌至二零一五年的45美元，相对来说，布油回弹了43%。

https://m.facebook.com/story.php?story_fbid=519770715045475&id=491449334544280

no strong as expected... still drop n drop

broke support, run fast fast... if good stock not broke easily... shit

Wow... Power gogogo.... I m aim next quarter will be good too

Gogogo.. RM3

Mean very stable la

Look good

Any good news?

Big push down and push up back.... Hopefully, up up up

Big push down and push up back.... Hopefully, up up up

Gogogo.... Thanks Samyew1234

Tatgiap, BSLcorp... Sell same product v Hiapteck..... Both QR bommmm