bing wiser already...see things from both sides!

patience as in 忍 has a deeper meaning!

morning Ozzie!...I will take this week over last week anytime!!
may not be blue skies yet but nothing like a crisis to get ppl up to speed on the oil industry!!

good hunting!!

Keep things simple; thankfully most up(oil,indices etc)

Play it as you see it.

cheers!

taking word of Fed

PATIENCE!

Keep things simple; thankfully most up(oil,indices etc)

Play it as you see it.

cheers!

taking word of Fed

PATIENCE!

WTI~55 Brent~60 S&P up...goodnight.

The RHB research report should be read in its entirety.At the very least it gave all the assumptions and basis for valuations.

today much better than a sea of red!! cheers

Mat Cendana: well said

Oil is a global 'wei chi' game played for very high stakes

SKPetro is a Petronas wannabe and sumatec is a SKPetro wannabe

Current production supports/provides the cash flow

future (and future value) is in the concessions.

Big Oil especially the vertically integrated ones also considers logistics and economies eg if it makes more $$$ sense buying cheap oil then pumping it why not, and they have heck of a lot of brains advising them.

my 2 cents: there will be a floor for oil...where ? ...no idea and no point predicting as they got the $$$$$ to determine.

trade to lower costs or wait depends on your risk profile.

cheers.....salad time!! hahaha

Please consider:

Can HupSeng shareholders get any Red Sena shares.What is the connection?

If yes, is it good given current scenario.

If not........you decide

Looiks: ' Furthermore Malaysia is a 'sore thumb' in Asia that wl benefited frm low oil price. i.e more room for klse indeks to drop further couple with long holiday coming along the way.'

Benefit frm low oil?

clarify please or typo

For reading pleasure:

http://blogs.reuters.com/anatole-kaletsky/2014/12/05/price-slump-shows-its-time-to-stop-exploring-for-new-sources-of-oil/

note part on BP plc

http://en.wikipedia.org/wiki/Nationalization_of_oil_supplies

Iraq has since opened up to Western Oil

These are just a few of the myriad factors affecting oil

some semblance of stability!!

LOL....I am not the one SHOUTING

Huh I thought crisis over....fly sky high....now dump low,low.
In 14 minutes change like that how to trade??

errr Ring are we not all 'capitalists' LOL

Aiyo steve Bidang Lagenda take @ 30c when mkt pr was 15c.

They also dump.

High NTA also depends on valuation(of prop,land etc)Plenty high NTA stks but if co. dont distribute(dividends) what u get?

Oil and European markets rebounding! See how they close.

Agree with oily gassy;

at least wait till Feb for 4Q results to re-evaluate.

Current mkt cap 600m; 9mth making 25m, Net asset 0.185.Its starting to look reasonable on fundamentals. However so does a lot of other stocks.

Tie up with China and/or Russia does make sense because of the pipeline and could lower costs.

Everything is 'fluid'. Not buy/sell....monitor first.

He bring in policeman so even you all shareholders dare not question lor!

SURVIVE!!

well said Noraini. Methinks it may take 3-6 months from here when futures expire,stocks(refinery) get wound down and even possibly some force majeure/defaults ;then we would see who is bluffing!

similarly Suma can deploy horizontal drilling.Its the actual costs now and ROI on new wells/drills that we have to guess.

superbear:

I think that report may be outdated.The 3 main basins have actually increased.The main players for these 3 main basins are all the Big Oil and wells are relatively close to each other because of the size of the reserves.This also helped lower down cost per barrel but elsewhere and the smaller guys the costs probably exceeds current price.

http://www.platts.com/pressreleases/2014/072514

mr x:your statement also goes to show what he thinks about his shareholders.Is this how he rewards them for their 'faith'

ozzie75:any comments +ve and -ve as long as with basis;helps in making an informed decision.
Not heated at all.

Cheers!

EKUINAS was smartest of them all.Timed to perfection the IPO.
Whether here we can do same like what some shareholders in US are doing to MOL

FJ: careful what you wish for! You seriously want authorities to over regulate?Rules are comprehensive enough its the implementation.IF NG was flying u want an UMA? or why no UMA when dropping.

One of Warren Buffett's criteria for investing is management.
NG's pd up in 2006 was 252M now almost 2B and price drop and only 1 dividend in 2007

Steve:your tolerance and others tolerance not same one.TPY sell why u not sell?

Jetli:Agreed

The question is where we go from here.Those made profit can buy back using their 'foreign' capital but that also is premised on what sort of returns investors can get out of the stock.Everyone was expecting a 5 bagger/10bagger but that scenario has changed.The structure of Suma's deal will have to be changed.Confidence have been broken so whatever proposed will have to be studied under the microscope.

Read back Random trading's article above.

CFO buying is peanuts compared to what they have sold-spare change

1st US shipments of crude only started in June this year and it is still small.It is just that US is now self sufficient and has excess and not importing.I think this is the beginning of a breakdown of the cartel OPEC.How many of them(OPEC) invested wisely like Norges Bank the Norwegian investment fund.Wars,politicking,arms purchase, corruption/extravagance etc.Any similarities here

just my 2 cents!!

goodnight!

Ring: just to put things in perspective since you are familiar with plantations
oil palm takes 3yrs and rubber about 4yrs

Just to share.

http://www.eia.gov/todayinenergy/detail.cfm?id=12911

http://www.eia.gov/countries/regions-topics.cfm?fips=csr

http://crudemarketing.chevron.com/crude/central_asian/cpc_blend_tengiz.aspx
Caspian oil methinks is Light sweet...high quality

Potential is definitely there but sentiments sucks! Plus points is that Suma has a couple of wells there and not shooting in the dark. Also costs may not be as high as assumed.
Sumatecs 'structure'...how and it what form given current sentiment.
May have to treat this like a mining option ie hold 5 yrs

I decided to 'let someone hold the baby' and monitor closely.

Optimuss: implies you dont hold any?? haha

IJM may buy over whole company for same amount of money!

fill gap to 65 would be nice!

aidilrosli up ..up and away..hohoho hitching ride on santa's sleigh

fingers crossed!!

The 3 biggest shale oil basins in the US:Bakken,Eagle Ford and Permian basin.The players there are dominated by Big Oil;Shell ,Exxon Conoco ...you name it.Theses guys can afford economies of scale due to the high reserves.The more productive the field the lower the average cost per barrel.However they have also other conventional oil,offshore,onshore deepwater etc and they are public companies that have to protect their revenue and profits.

Hopefully this will give some respite.

http://money.cnn.com/2014/12/08/investing/shale-oil-spending-america-opec/

Can Suma continue operating like this and can margins sustain.

DH thats sidetracking!! CLIQ has no QA payback 69c(67.5+int) SONA (45+int) and REACH (71+int)

DH much as anyone else wants to believe that;it cannot last forever, BE is already part of Sumatec(last qtr result) and that may be temporary arrangement till the RI or acquisition completion.
Can Suma operate as cost plus contrator to BE....I dunno...
correct me if i am wrong

FJ...you got craptree in your head....its spelled CRAB and not crap LOL!!!

From OPEC cause to now blame the Jews...equally rascist...why not flagged?

Beware the result-prospectus put FYE13 at 89.5M whereas 9mFY14 only 46.4M on shares issued 1177M

typo heed -need

FYI...dunno if shared before:

https://www.facebook.com/oilengedu?hc_location=timeline

Dont heed sign in!! Enjoy

is simon333 an automated trojan/worm?

1Q15 results out by end of Dec,Anyone tried consolidate back a/c of FYE14 july.

Current mkt cap 350M
Highway worth 389M
OSV earning about 42M last year is free??

Brent steadying above USD71....WTI between USD67-68

@Fam Jenny Despite of the big fall in Bursa,it remains stable,have faith bcos they guarantee profits of USA20+miln to an Indo co in 2012.Can someone highlight more if I am wrong?
03/12/2014 10:40

Fam Jenny please analyze your above statement.I do not know if there is or isnt one.If its a corporate guarantee by the company....what happens when there is a call on the guarantee.Who pays? How can it be a comforting statement.

Hopefully this volatility here marks a bottom...temporary or not...cant say