usd35.14, screaming up at the moment

usd34.50....

Alliance will soon hit jackpot....

oil price usd33.89

once oil price on uptrend, good times are back for investors
cheers

kalu boleh convert, olang sudah lama buat lor

http://www.theedgemarkets.com/my/article/oil-rises-towards-us34-chance-production-cut

Oil rises towards US$34 on chance of production cut

LONDON/SEOUL/TOKYO/SINGAPORE (Jan 28): Oil rose towards US$34 per barrel on Thursday, hitting a three-week high and bouncing well off a 12-year low set this month, supported by the possibility that major producers may cooperate to cut production.

Russian officials have decided they should talk to Saudi Arabia and other OPEC countries about output curbs to bolster oil prices, the head of Russia's pipeline monopoly said.

Members of the Organization of the Petroleum Exporting Countries such as Nigeria and Venezuela have called for cuts to bolster the oil price, which has halved since last May.

oil price is surging now 33.59
hope its sustainable upward

son, no buyer
officially game over

son at current price is farking good price to bet

http://www.theedgemarkets.com/my/article/oil-jumps-after-russia-dangles-prospect-opec-cooperation
Oil jumps after Russia dangles prospect of OPEC cooperation



NEW YORK (Jan 28): Oil futures surged on Wednesday after Russia indicated there was a possibility of co-operation with OPEC, fanning hopes for a deal to reduce a global oversupply that sent prices to the lowest levels in over a dozen years last week.

A statement from Russia's energy ministry left the door open to talks with OPEC, moments after the head of Russia's pipeline monopoly said officials have decided they should talk to Saudi Arabia and other OPEC members about output cuts.

The top non-OPEC producer, Russia has in the past been unwilling to cut oil output, as it battles for market share with OPEC output leader Saudi Arabia.

oil price is up and up usd33.10
will son continue another day of super run up today

wow, son is up 33.3%
isn't it bull run run

need to know how much is the monthly burning rate and ongoing QA expenses

all these expenses will eat into the bank interest and capital

what you see is not what you will get

signs are all ready for upward momentum with good volume

QA approval and recovery of oil price will fire the cny rally

son on bull run until cny?

son up 22% - up 1 ct
LOL

everyday, either credit suize slurps or Pacific slurps
both size is accumulating the shares
at 44cts, not much meat left if payback is 0.456
something they and Hadi know that we don't...

http://www.theedgemarkets.com/my/article/oil-surges-hopes-output-cuts-trim-glut

Commodities



Oil surges on hopes for output cuts to trim glut



By Reuters / Reuters | January 27, 2016 : 7:20 AM MYT



NEW YORK (Jan 27): Oil prices surged on Tuesday, settling more than 4 percent higher as investors found reasons to hope for output cuts that could eventually reduce one of the biggest global supply gluts in decades.

Crude jumped after OPEC renewed calls for rival producers to cut supply alongside its members. More buying emerged after U.S.-based global oil producer Hess Corp said it planned to cut capital spending by 40 percent this year.

After settlement, other U.S. producers announced spending cuts.

Brent crude settled up $1.30, or 4.26 percent, at $31.80 a barrel, rebounding from a decline at the start of the session to top out at $32.72.

U.S. crude rose 3.7 percent, or $1.11, to settle at $31.45 a barrel. During the session it rose as high as $32.41.

The contract briefly turned negative in post-settlement trade after data from the American Petroleum Institute, an industry group, showed a larger-than-expected inventory build in U.S. crude stocks in the week to Jan. 22.

Still, Crude stocks at the Cushing, Oklahoma, delivery hub fell by 664,000 barrels, API said.

Some analysts had expected a fall in the inventory at the delivery hub as Canadian oil sands producers start to cut output.

U.S. government data on U.S. crude oil stocks is due on Wednesday.

Saudi Arabia, kingpin of the Organization of the Petroleum Exporting Countries, and top non-OPEC producer Russia are showing signs of flexibility about agreeing to tackle the global oil glut, the oil minister of Iraq said.

Worries about the Chinese economy limited crude's gains. The country is the world's second largest oil consumer.

Last Wednesday Brent hit its lowest price since November 2003 at $27.10, before rebounding 15 percent on Thursday and Friday.

Tim Evans, energy futures specialist at Citi Futures wrote in a note that "it remains uncertain whether Saudi Arabia and its allies within OPEC are ready to return to the bargaining table" to negotiate cuts in crude output.

"Without Saudi Arabia on board, there's simply no deal and the market will be left to rebalance naturally as non-OPEC output declines, a slow and still painful process"

Even with oil's near 20-percent drop to 12-year lows, major OPEC producers have not reduced production. Some, like Iraq, plan to boost supply.

OPEC's Gulf members have insisted OPEC will not cut production alone, which would cede market share to rivals.

David Hufton of oil brokers PVM reckons an agreement could put oil back in a range of $40 to $60 per barrel.

Following the Hess announcement of spending cuts, traders said they expected similar steps from other U.S. producers.

"I think you're going to see more capital spending cuts - it usually happens when prices start to bottom out," said Phil Flynn, analyst at the Price Futures Group brokerage in Chicago.

"It's significant that the market is now reacting positively to positive news, which means some of the fear is now starting to subside."

After crude settled, North Dakota's No. 2 crude producer Continental Resources Inc said it would slash its 2016 capital budget by 66 percent. Noble Energy Inc also said it will cut spending about 50 percent this year.

Traders also watched the dollar as U.S. Federal Reserve policy makers opened a two day meeting on Tuesday.

The strength of the dollar has made oil more expensive for buyers in other currencies.

If the Fed acknowledges that global markets are weak, it could reassure oil traders "that they can find a bottom" Flynn said.

"The pieces are in place for at least a temporary bottom in oil"

oil price rebounding slightly to 30.61
at least above 30.00

yeah, u cant catch the bottom
but the visibility is clearer from here
that the bottom is not far away

Oil climbs further on short-covering, Brent at over $32

By Reuters / Reuters | January 25, 2016 : 9:05 AM MYT


SEOUL (Jan 25): Crude oil futures extended gains in early Asian trade on Monday on short-covering demand, with both Brent and U.S. crude near $32.50 a barrel.

Oil prices surged 10 percent on Friday, one of the biggest daily rallies ever, as bearish traders who had taken out record short positions scrambled to close them, betting the market's long rout may finally be over.

Brent had climbed 33 cents a barrel to $32.51 as of 0037 GMT after touching $32.69 a barrel earlier the session. It settled at $32.18 a barrel in the previous session.

U.S. crude rose 15 cents at $32.34 a barrel, compared with its session-high of $32.64 and previous settlement at $32.19.

"A change in investor sentiment was the key factor, with speculative short positions in WTI falling from historically high levels the previous week," ANZ said in a note on Monday.

"Low crude oil prices continue to negatively impact high cost U.S. oil producers. Indeed, recent Baker Hughes data suggested U.S. oil explorers idled more oil rigs this week."

A massive snowstorm on the U.S. East Coast helped stoke demand for oil for heating, helping push up crude prices. While New York and Philadelphia were getting back to business, Washington was not ready after an historic storm dumped more than 20 inches (51 cm) of snow on the city and nearly three feet (1 meter) in surrounding areas.

Asian stocks gained early on Monday, relieved after seeing Wall Street rally on the back of a sharp rise in crude oil prices. The dollar was steady at 118.75 yen after surging 0.9 percent on Friday, when it touched a two-week high of 118.88.

those who worry day and night shud just sell and forget about it

I think sc approval will come very soon, in a month or so.

and when oil price recover to usd45-55, I bet this Pacific will hit jackpot

usd32.18
has oil price bottomed?

0.005 is the lowest price. cant go any lower

strong run on oil recovery

think this cliq is gone case
not much time left

when oil price recover to usd35 in a week, all shorties will go long instead

Pacific Alliance is a foreign fund, buy here when RM/usd is low

Potential gain when RM and oil price recover.
low entry cost 44cts, if all hell turned bad, money back guarantee with profit of 9%

wise investment

Pacific Alliance Investment Management Limited is a privately owned investment manager. The firm also provides advisory services to its clients. It manages investment funds for its clients. The firm invests in the public equity and fixed income markets of Asia. It also invests in alternative markets. The firm’s fixed income investments comprise of asset backed lending, distressed debt, and convertible bonds. It employs value strategy to make its investments. Pacific Alliance Investment Management Limited was founded in December 2002 and is based in Hong Kong with additional offices in Shanghai, China; Beijing, China; Hangzhou, China; Tianjin, China; and Hong Kong.

oil price is bouncing back 30.60
likely bottomed at usd27++

oil price bottomed at usd27++?
now, at usd29+++

once oil price shoot above usd30++
will there be light at end of tunnel?

has oil price bottomed at usd27++
& now on recovery usd29++

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4982713

Pacific Alliance has 11.1%, Credit Suize 9.3%, what is the game plan?

1.52

sei sei laio

1.55/1.56
1.50 coming
sei lor, sei lor

O n G staff salary is at least 3 times more than other sectors, why the banks are so kiasi

1.56/1.57

credit suize slurp another 2m shares today

oil price likely has bottomed according to Goldman Sachs, from usd27++, now usd29+++

the oil price bottomed at usd27? and now on the recovery usd29?

ok, since majority are so positive on this counter
will queu at 2.50

lets do some maths

I think this one will make good money when oil price recover to usd40, yes usd 40
if cost of production is usd26, gross profit is usd14 pb

assuming daily production remain 4800 for 300 days per year (assuming 300 production day a year, maybe shorter?), then convert to RM4.30
then minus operations cost, around rm10m per year (last year around rm5M). the net profit is massive and IRR is more than 15% as there is no loan

acquisition and due diligence cost is one-off expenses

I thought there is good profit when oil price recover to usd40

that is PBT bfore Ausies taxes. LOL assuming tax is 50%, then return around 8 - 10%?

opinion from you guys?

http://www.bloomberg.com/news/articles/2016-01-15/goldman-sachs-sees-oil-bull-market-being-born-in-today-s-crash

Goldman Sachs Sees Oil Bull Market Being Born in Today's Crash

Oil will turn into a new bull market before the year is out as the price rout shuts down sufficient production to erode the global glut, according to Goldman Sachs Group Inc.

The crash in U.S. oil futures -- which sank back below $30 a barrel on Friday to a new 12-year low -- will send the nation’s shale-oil boom spinning into reverse in the second half of the year, the bank said in a report. As U.S. production slumps by 575,000 barrels a day, global oil markets will tip from surplus to deficit, Goldman predicts.

“The key theme for 2016 will be real fundamental adjustments that can re-balance markets to create the birth of a new bull market, which we still see happening in late 2016,” analysts Jeff Currie and Damien Courvalin wrote

The market will signal it’s ready to rally when the forward price curve, which currently shows a steep discount on immediate commodity supplies, starts to flatten out, the analysts said. The end of that discount would demonstrate that there’s enough demand to whittle down oil that’s piled up in storage tanks, they said.

“A flat curve near cash costs is historically the buy signal for passive investors and we believe the current bear market will end the same way,” Currie and Courvalin said. “Such a signal is what will shift us to being bullish commodities.”

Goldman, which has warned that the oil market might not re-balance unless prices fall to $20 a barrel, forcing production cuts among shale operators, said this remains a possibility. Still, the $20 scenario remains an outlier rather than their most-likely case, and would only be realized if oil storage space runs out. As that’s unlikely, the bank said it’s sticking with its forecast of $40 a barrel for the first half.

Monday, run first
no eye see

hmmmm

when oil price around usd100 & rising, the experts predict usd150-usd200

when oil price bearish around usd30 and down, the experts predict usd20 and lower

Warren Buffet, no eye see, with all these, he is buying oil shares when the price is good now

as cost of production is USD26, oil price USD30, gross profit USD4

Vicky, what is the problem with cimb?
Npl going up?

hehehe, how can become diamond when oil price usd30
check out the guy whether he is mentally sound

ini cliq, macam game over soon

mother shoot up - more for refund sum

son - go down the drain - habis liao