As it you are very happy dreamhunter. Maybe you holding nil suma stocks.

Don't talk cork lah here. Your suma drop from 0.60 to 0.185. How many % already?

Last 5 years, when oil went to USD110, the market crashed. And the oil price followed and felt below USD40, and not long the global market recovery.

Why now terbalik? Isn't when the oil price go down is better for all of us? At least many countries are buying cheap petrol.

Five years ago, when oil price hit USD42 help many companies because lower oil price always good for economy.

No point buying these type of counters because the shale oil are here to stay. And this bodohland don't even own any shale oil but the biggest areas having this oil are like the Canada, States, China, Europe and Australia.

And also make oil their properties. and use its's money to do all the dirty work. Now you can see . Karma come for them.

Posted by andychucky28 > Nov 28, 2014 02:36 PM | Report Abuse X

Buying back at 0.25 is a trap. careful.

Mark my words!

I see my friend working in O&G company very worry now. Looks like they already know this is coming sometime back.

Also collapsed to the money taken to do their dirty work.

Hahaha

https://www.youtube.com/watch?v=0vSYwhEvqvA

See you at USD50 very soon.

Good, they will have less money to do their dirty job!

Oil price down, good news for China and to now oil producing countries. Good Good!

Actually the oil price down is very good news for many countries. Can increase productivity with lesser cost. Especially transportation companies and services.

SKpetro, see you at 1.50

Ya... can see it already broke the psychological level of USD60. now it is going down to USD50. What can be done, after all production of shale oil can be as low as USD18 per barrel.

When is our petrol station price going down again?

Oil is at 58 now. Good for many businesses. but not for O&G.

Lost money Lost money all because of bodohland's mismanagement!

Look at the bright sight. Oil price down is very good for most countries but not the previous oil controlling ones.

Already reached 58.00 ... die lah bodohland now

Oil drop so much. But why are we still buying at a so expensive petrol price from the gov?

Oil drop so much. But why are we still buying at so expensive petrol price?

Petronas also going for shale oil. The production is as cheap as USD18 per barrel.

http://www.bloomberg.com/news/2014-12-10/petronas-signs-550-million-argentine-shale-deal-with-ypf.html

That is the problem this bolehland depends a lot on the free oil natural resource. Once the oil price drop, the whole country affected. The currency now reaching 3.8. The KLSE affected. But you can see organization which depends on oil laugh like AirAsia.

86868.. you invested a lot in this counter?

As mahathiar says managed by stup×× ppl.

Where got the gov know how to look for outside money. Only know how to squeeze your money.

I see the oil crush might be coming to an end very soon. Oil will be around USD63 per barrel. Very comfortable for all.

I would say those support by the gov institutional fund counters drop lesser.

Now waiting for all the bluechips to fall SH!

EPF is selling this counter and transfer the fund to O&G counters in order to support the Index from dropping further.

Hey, thanks Joerakmo for sharing.

Dreamer you don't come and tell lies here lah. Nobody listen to you.

Not as bad as this laH!

20 cows, 4 workers and abandoned buildings left at National Feedlot Centre..ahhhhh

http://www.themalaysianinsider.com/malaysia/article/20-cows-4-workers-and-abandoned-buildings-left-at-national-feedlot-centre

Cheaper oil should act like a shot of adrenalin to global growth. A $40 price cut shifts some $1.3 trillion from producers to consumers. The typical American motorist, who spent $3,000 in 2013 at the pumps, might be $800 a year better off—equivalent to a 2% pay rise.

Big importing countries such as the euro area, India, Japan and Turkey are enjoying especially big windfalls. Since this money is likely to be spent rather than stashed in a sovereign-wealth fund, global GDP should rise. The falling oil price will reduce already-low inflation still further, and so may encourage central bankers towards looser monetary policy. The Federal Reserve will put off raising interest rates for longer; the European Central Bank will act more boldly to ward off deflation by buying sovereign bonds.

So you are the affected one haha. The economics of oil have changed. Some businesses will go bust, but the market will be healthier!

Oil-producing countries whose budgets depend on high prices are in particular trouble. The rouble tumbled this week as Russia’s prospects darkened further. Nigeria has been forced to raise interest rates and devalue the naira. Venezuela looks ever closer to defaulting on its debt. The spectre of defaults and the speed and scale of the price plunge have unnerved financial markets. But the overall economic effect of cheaper oil is clearly positive.

Ask lah kuku nut, see if he can change the name of the counter. And confuse ppl it is a new counter. Haha

You are so obvious the dumno who do not even have facts to talk but still like to twist turn and cheat new comers.

Hello we are talking about globallization. All you need is a global recognization.

http://www.theecologist.org/News/news_analysis/2661778/lower_oil_prices_are_here_to_stay_thank_lossmaking_shale_and_tar_sands_not_opec.html

Are recent oil prices slumps caused by OPEC ganging up against tar sand and other high-cost producers? Or a sinister conspiracy to destabilise the Russian economy? Far from it, argue Jemma Green, Mark Andrich and Peter Newman - it's the simple result of an excess of supply over demand. And the low prices will be with us for some time to come.

With oil prices on the slide, members of the once-dominant Organization of the Petroleum Exporting Countries (OPEC) decided last week not to attempt to rally them by cutting production.

That left the Brent Crude price hovering at about US$70 per barrel. As this story goes to press, this benchmark price is hovering at $69, after hitting a five-year low of $63.72 last Monday.

The United States now produces 11.1 million barrels of oil per day - about the same as Saudi Arabia (11.7 million barrels) and Russia (10.4 million barrels).

All three groups have the same reason for wanting to produce more - they need or want more money in the short-medium term to satisfy their current spending, shareholder and salary expectations. Amid this competition, cutting production on purpose isn't such an attractive move.

So do not expect oil price to go up. All O&G counters are need to be avoided.

Are recent oil prices slumps caused by OPEC ganging up against tar sand and other high-cost producers? Or a sinister conspiracy to destabilise the Russian economy? Far from it, argue Jemma Green, Mark Andrich and Peter Newman - it's the simple result of an excess of supply over demand. And the low prices will be with us for some time to come.

With oil prices on the slide, members of the once-dominant Organization of the Petroleum Exporting Countries (OPEC) decided last week not to attempt to rally them by cutting production.

That left the Brent Crude price hovering at about US$70 per barrel. As this story goes to press, this benchmark price is hovering at $69, after hitting a five-year low of $63.72 on Monday.

The United States now produces 11.1 million barrels of oil per day - about the same as Saudi Arabia (11.7 million barrels) and Russia (10.4 million barrels).

All three groups have the same reason for wanting to produce more - they need or want more money in the short-medium term to satisfy their current spending, shareholder and salary expectations. Amid this competition, cutting production on purpose isn't such an attractive move.

So do not expect oil price to rise.

The crude oil price should stabilize first before KLSE will round! So wait.

Up my foot. it will drop another 14 points coming days.

From left hand to right hand performance!

Dreamer hiding in the hole. Told you already not so easy to rebound! Wait lah for 1 year.

For the oil you are buying now, the gov already charge you 48 cents tax lah

Better keep your money now. The market will go down further with the SH GST coming. Tighten your belt Petronas says.