limchewi: I cannot tell you whether to buy or sell. The decision has to come from you. I can only tell you that within the next 5 years, oil prices will definitely rise to above USD50 and could even hit USD100 again. It's because oil is getting scarcer and is a finite resource. We all need oil and EEVs are not going to replace oil overnight.

limchewi: 50% is a huge paper loss. If you cut lost at those percentages, your next investment on your remaining capital would need to profit 100% or more just to recoup your SKPETRO losses and break even. It's not easy to do that considering that even export-driven counters are overbought and facing uncertainty.

About what Nanyang newspaper said, you have to be aware that when sentiments are bad, analyst and the media will post extremely bearish comments. This is when one needs to be strong and not follow the herd mentality.

But it's not all bad as it seems. When oil prices hit it's lowest USD32, SKPETRO didn't go down further. Now oil prices are ranging between USD45 and 50. Do you see the trend in oil prices? My point is that the worse is already over for oil prices. Things can only get better. As I mentioned earlier, even the Arabs with the lowest cost to produce oil are suffering and already borrowing money to offset their budget deficit. How long can they go on borrowing?

Venezuela is dying and if oil prices don't rise to above USD50 within the next 5 years, their economy will collapse completely.

Go visit that link i gave you just now and then decide. But remember: don't buy or sell based on what clowns like cooling are telling. Do your due diligence and make informed decisions.

Cheers!

limchewi: Not sure whether you've visited this link which I've posted before but hopefully this will help you decide whether to keep or sell.

http://www.wealthacademyglobal.com/profit-from-the-panic-in-oil/

Cheers!

cooling: LOL...now we know your ulterior motive of coming to this forum and spreading fear and terror. You just want to drive SKPETRO prices down further so that you can buy cheap/cheaper..LOL

Guys: This clown cooling posted this comment awhile back. Even he thinks that oil prices will rise..lol..so you all go figurelah why all of sudden he's coming to SKPETRO forum spreading fear and terror. It's because the clown wants to buy SKPETRO at 10cents..LOL..




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Stock: [AAX]: AIRASIA X BERHAD
May 24, 2016 08:35 PM | Report Abuse

tomorrow I will sell on news to lock in profit as I believe coming quarter will drop...due to oil increased price and weak market sentiment...after 9.30am sure drop

limchewi: How big are your paper losses percentage wise? If it's small (1 to 10%), you can try to cut lost. Otherwise you can sit back like me and look at the long term prospects which I know will be good.

Below is a table of percentage losses and the percentage to recoup your losses and breakeven.

(Percentage Loss) (Percent Rise To Breakeven)
10% 11%
15% 18%
20% 25%
25% 33%
30% 43%
35% 54%
40% 67%
45% 82%
50% 100%

Guys: just ignore this clow cooling. He's a loser who doesn't have a life but wastes time posting extremely negative comments on this forum. I'm still optimistic that SKPETRO will rise to RM2.00 and beyond in the mid to long term.

limchewi: Another thing before you buy or sell is to look at risk/reward ratio. Helps you ALOT in deciding whether it's worth buying a stock or not..

http://www.investopedia.com/terms/r/riskrewardratio.asp

limchewi: read your past comments. Sorry about your paper and realized losses. In any event, we always can learn something from our past experience.

Here's a link for you where you can learn something new.


http://www.investopedia.com/articles/02/022002.asp


Cheers and stay positive!

The selling pressure cannot be forever. What goes down must come up! LOL..that's why I'm very optimistic there will be a strong technical rebound in the short term. Mid to long term, TP above RM2.00.


LOL

Got this from an article on SKPETRO. I'm glad that the management is going to pare down it's debt as I think it's debt too high..

"On the bright side, the research house said, the company's cash hoard is expected to increase as its operations will most likely be cash flow positive, and the company will be paring down more debts this financial year."

limchewi: Welcome. I put my money where my mouth is. At least if nose dive, I will also suffer with you. So no worries bro.

Just be patient and think long term.

One piece of friendly advise. Don't put all your eggs in 1 basket. If you have substantial amount invested in SKPETRO, probably best to buy other counters.

cooling: Supermax is on a downtrend now because the USD catalyst is no longer there! In fact, I think in the mid to long term, the USD will weaken against the MYR. Hence i sold off all my export stocks including Supermax shares.

My conviction that SKPETRO will turnaround is not based on blind faith. The reason I know this is that Arab Saudi and OPEC are already suffering. Shale oil producers are going bust by the month. Demand from China is picking up slowly but surely. It's just a matter of time before oil makes a huge comeback..


Just be patient and wait..

Cheers!

Wakakakakaka....another clown just like BullBear777. When I bought shares in Supermax last year, BullBear777 insulted me saying my analysis was wrong when Supermax's quarterly result was weaker. Did it scared me? of course no. When the share price dipped, I was buying even more because I knew that the coming quarterly results would be outstanding due to the stronger USD. Months later, my prediction was proven correct when Supermax shares soared to RM3.40+++

[QUOTE]
cooling nobody ask u massimo....keep up your good work luring ppl to die with you during the QR announcement...good job

limchewi: To give you some comfort, if your buying price is below RM2, that's below it's Net Tangible Asset of RM2.04. What this means that if the company decides to sell all it's assets, shareholders will get the proceeds from the sale at RM2.04

limchewi: Of course it can! That's why I'm still holding. In fact, if it dips further I will increase my stake. I know it will rebound to RM2.00 and above. Just be patient.

Last year when I predicted that Supermax shares will soar to RM3.00 and above, alot of idiots were making fun of me saying my prediction was nothing more than wishful thinking..

Few months late, Supermax shares soared to RM3.40++...I sold all my shares at a handsome 50% profit..

You can go to Supermax forum to check my past comments there...


Lesson: always have faith in yourself.

Cheers!

callme777: Support for you bro. Just keep and wait for it to rebound to RM2.00 and above, latest by next year.

Let those clowns make fun of you now, but when it hit's RM2.00, you can have the last laugh while counting your profits all the way to the bank...

Wakakaka


It's just like my success with Supermax, when I bought it last year, all kinds of clowsn were making fun of me..in the end I had the last laugh after I sold all my stakes at a 50% profit..


Wakakakakakaka...

OptimusPrime_: Stupidlar..you don't even know that Philips66 is O&G company, you say it's a oil refinery. Well, are oil refineries involved in the O&G business? if no oil, what is there to refine? You pangsai? LOL..

Stupidlar you...merepet macam monyet hilang akal..WAKAKAKAKA

OptimusPrime_: LOL...stupidlar you...you think I'm all in is it? I still have 70% of my funds left in cash If it goes down to 10 cents, even better for me as I can get to average down my price to just 15 cent. And then later, SKPETRO shoot all the way up to RM2.00, returning 1000+% profit..LOL..can laugh at you while I go buy myself a new Ferrari..LOL


Stupidlar you, you think you're the only clown who can benefit if SKPETRO dropped to 10 cents..it will benefit me as well..

Either way, you lose you retard..SKPETRO goes up, I win, go down also I win..LOL

LOL..

They even posted losses..risk free..LOL

Apart from refining, Phillips 66 suffered its biggest swing with a $77 million loss for the quarter in its pipeline and transportation business, down from a $96 million profit in late 2014. The biggest reason was a big loss of $159 million in its struggling DCP Midstream joint venture, which Phillips 66 attributed partly to lower natural gas margins.

_ Oiĺ refinery is risk free la. Wakakakakaka...stupidlar...Phillips66 profit plumetted 43% and you think is risk free..LOL..

Dumbass...

_OptimusPrime_: goes to show what a retard you're. Typical low IQ imbecile coming to this forum and spreading fear..

If you can't even make any constructive and intelligent arguments here, just STFU an wait for SKPETRO at RM0.10.

LOL..

_OptimusPrime_ : Imbecile, oil refinery not O&G company arr..stupid lar you..wakakakaka

cooling: Maybe you should go and tell Uncle Warren Buffett that his investments in Phillips66 are a big mistake because EEVs will displace gasoline cars...


LOL..see what he says...

If he doesn't believe that O&G companies have any future, why is he even investing? In fact, he's buying more shares as shares of Phillips66 are going down..

LOL...now who should I believe..you or Warren Buffett who has made billions?

If you think you're smarter than Buffett, go tell him lar...LOL

On Tuesday afternoon, Phillips 66’s shares traded around $79.71, 18% below their annual high. The price declined 4.5% for the year through Monday and was down 3.5% for the past 12 months. It also has a price-book ratio near a one-year low at 1.8.

Buffett’s total ownership of the company after the transaction amounted to 76,375,375 shares, giving him a 14.53% stake.

According to GuruFocus Real Time Picks, Buffett reported increasing his holding by 1.09%, or 824,630 shares, on Monday. The shares were purchased in multiple transactions taking place from May 19 through May 23 at weighted average prices ranging from $77 .46 and $78.49.

Buffett has said in the past that he prefers to buy companies he holds in high regard when they are marked down. According to GuruFocus data, since the start of 2015 he appears to only buy the stock when it is priced below $80.

And Warren Buffett is a super long term investor..even longer than mine. For me, I buy and keep for 1 to 5 years. He will keep at least 5 to 10 years! LOL...

Dennis_ONeil: Your investment style is different than mine. I buy near rock bottom prices and wait for it to shoot sky high..

Buy Low or near low and sell high..

For you, maybe you want to wait until fundamentals improve..again a good idea..but for me, I know that fundamentals WILL improve, it's just a matter of when..LOL

Also, do you know that Warren Buffett is busy accumulating shares in Philips66..LOL..if the legendary investor didn't think that there was any future in O&G companies, he wouldn't be buying..

http://www.forbes.com/sites/gurufocus/2016/05/24/warren-buffett-buys-more-phillips-66-under-80-a-share/

Dennis_ONeil: We'll see..LOL

Then buy Tesla shares LO. if you have no confidence in SKPETRO, why do you even bother to waste you pathetic life posting bearish comments about SKPETRO?

It's because you want to buy cheap..LOL..so yes, you're one of those clowns posting rubbish remarks trying to scare investors like me into selling at a lost just so you can buy them cheap..

LOL..

cooling: wakakakakaka...another clown trying to disqualify me..LOL..I agree that shale oil producers are the reason for the price oil collapse, but that's the reason OPEC particularly Saudi Arabia have refused a production cut! They want to kill off all the shale oil producers who need oil prices to be at least USD 50 per barrel to survive. Think about it: with Saudi Arabia with oil production cost of USD10/barrel are already suffering, what about those shale oil producers?

azrina6367: Hahaha....agree with you! Just hold the line ad be patient!

To the long terms investors or those who are suffering huge paper losses, here is some consolation for you all. I've been accumulating O&G stocks the past few months and this is the main reason why..just follow the link below on why I believe oil will eventually rise to USD 80 and even 100 per barrel.

http://www.wealthacademyglobal.com/profit-from-the-panic-in-oil/

Remember: think long term, not short term.


Cheers!

limchewi: If you in for the long term (3 - 5 years), I suggests keeping the share. Times are challenging for the O&G industry but I strongly believe that OPEC and other oil producing conutries will cut oil production, most like by next year. They definitely cannot sustain with oil price below USD50. Even Saudi Arabia with the lowest oil-producing cost cannot tahan already and they are now borrowing money for the first time to offset their budget deficit. How long can they keep on borrowing?

Other more costly oil-producers like Venezuela will suffer an economic collapse if oil prices don't rise to above USD50/barrel within the next few years.

So sit tight and wait..USD 80 and even 100 oil will come eventually. Just be patient and keep a look for the long term.

Also, need to mention that oil is a scarce commodity and we will eventually run out of oil. So when that happens, who's gonna give us oil? tesla?

LOL

Don't worry guys, there will be a technical rebound..just wait for it and decide..

Cheers! LOL..

Jeremykid: Finally, someone who comes forward with a very mature and insightful comment.

We need more people like you in this forum rather than clowns like OptimusPrime and Jaes who do nothing but make buy sell calls without reason..

LOL

_OptimusPrime_ : If that happens, even better for long term investors like me..LOL

LOL....WAKAKAKAKAKAKAKA.....in your dreams..LOL

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_OptimusPrime_ Oil is heading to usd 25 after unable to hold at 50.
New tp for skpetrol. 50c.

POORDAD: No problem. Just buy and hold. The good side is that SKPETRO has a healthy order book which should get them through difficult times.

chpu2001: Haha..that why that clown is here to rubbish this stock. He wants to BUY SKPETRO at 10cents..LOL. Dream on dude...LOL

I've met so many clowns like OptimusPrime on this forum. In the end, I ALWAYS win laughing my healthy profit to the bank...LOL...

Buy and Hold
The simplest strategy is to buy, close your eyes and take a long term view of at least 5 years, There is a very high chance that in 5 years or more, oil prices will be much higher than where they are now. A way to do this is for investors to dollar cost averaging. This means to invest a fixed dollar amount (e.g. $5,000+) at regular intervals (e.g. every 3 months).
It’s best to diversify the exposure to between oil ETFs, energy companies and maybe the XLE.

At current oil prices, it is projected that half of US shale drillers will go bankrupt in the next 1-2 years. As for the Saudis, the IMF warned that most countries in the Middle East will run out of cash within five years if oil prices don’t rise above roughly $50 per barrel.

The bottom line is that there is a high probability that oil prices will eventually rise back above $50 a barrel and eventually back into the $90-$100 per barrel price range. This presents a potential opportunity for investors and traders to profit from the short term prices of oil.

This is the reason why I'm accumulating O&G stocks..

http://www.wealthacademyglobal.com/profit-from-the-panic-in-oil/

Remember: think long term, not short term.

Let me repeat my success with Supermax stock..

When I bought some Supermax shares at around RM2.18 last year, a lot of clowns were laughing at me saying that Supermax's stock will nose dive to below RM1.60 just because the 3rd quarterly result wasn't promising. Some even said that the stock might even drop to 10 cents/share..LOL. Some were predicting that Supermax will go bust..WAKAKAKAKA

Did I listen to these clowns? Of course not! In fact, when it dropped further, I was greedily grabbing more shares knowing that it will eventually rise to above RM3.00. And guess what, a few months later, it did surge to RM3.00 and even hit RM3.40++. I immediately sold all my shares at a handsome 50% profit...LOL

Moral of the story: BE GREEDY WHEN OTHERS ARE FEARFUL, BE FEARFUL WHEN OTHERS ARE GREEDY!

It's happening again, clowns like cksam, OptimusPrime etc. and the likes of them are posting extremely bearish comments saying that SKPETRO will nose dive to below RM1.00. One clown is even hoping for it to hit 10 cents..LOL..

They are all saying this because they want to scare investors into selling at a lost so that they push the price further down. LOL...

Think about it. Why would they even bother to waste their time here? It's because they are waiting to BUY at low prices and make quick profits on a technical rebound!

So think with you head and not your emotions.

God bless!

To those who are holding for the long term, I can guarantee you that SKPETRO won't go bust. The reason we have clowns like _OptimusPrime_ etc. all coming here to post their extremely bearish comments about the the stock is just so that they can drive prices lower for them to buy.

Qu29song: Relax bro. If you're a mid to long term investor like me, you will know that oil prices cannot stay low forever. The Arabs are already borrowing money to offset their budget deficit. OPEC and other oil producing countries WILL eventually agree to a production cut. When that happens, the fundamentals of all O&G companies will change for the better.

Oooiii bullbear, sudah lari kah you macam monyet dikejar hantu? Wakakaka...dulu merepet macam nenek ejek saya analisa sampai buta tak nampak Supermax result, wakakaka...tengok sekarang, dah jual lah untung 50% beli kereta ferrari..Wakakakaka...

u punya MPAY rugi besar, jatuh merudum..LOL

----------------------------------------
kelvinfixx bullbear also gone missing.
------------------------------------------

BullBear is now a monyet who has cabut lari..LOL...
BullBear: You betul betul bodahlar...no balls to come out and face me..LOL
MPAY dropped again..lets see how low it will go..LOL

WAKAKAKAKAKAKA

iamvirtualinvestor: You echo my sentiments and beliefs perfectly. As Warren Buffet said, be greedy when others are fearful and vice versa.

When I bought some Supermax shares at around RM2.18 last year, a lot of clowns were laughing at me saying that Supermax's stock will nose dive to below RM1.60 just because the 3rd quarterly result wasn't promising. Some even said that the stock might even drop to 10 cents/share..LOL.

Did I listen to these clowns? Of course not! In fact, when it dropped further, I was greedily grabbing more shares knowing that it will eventually rise to above RM3.00. And guess what, a few months later, it did surge to RM3.00 and even hit RM3.40++. I immediately sold all my shares at a handsome 50% profit...LOL

iamvirtualinvestor: You echo my sentiments and beliefs perfectly. As Warren Buffet said, be greedy when others are fearful and vice versa.

When I bought some Supermax shares at around RM2.18 last year, a lot of clowns were laughing at me saying that Supermax's stock will nose dive to below RM1.60 just because the 3rd quarterly result wasn't promising. Some even said that the stock might even drop to 10 cents/share..LOL.

Did I listen to these clowns? Of course not! In fact, when it dropped further, I was greedily grabbing more shares knowing that it will eventually rise to above RM3.00. And guess what, a few months later, it did surge to RM3.00 and even hit RM3.40++. I immediately sold all my shares at a handsome 50% profit...LOL

Moral of the story: BE GREEDY WHEN OTHERS ARE FEARFUL, BE FEARFUL WHEN OTHERS ARE GREEDY!

It's happening again, clowns like cksam and the likes of it are posting extremely bearish comments saying that SKPETRO will nose dive to below RM1.00. One clown is even hoping for it to hit 10 cents..LOL..

They are all saying this because they want to scare investors into selling at a lost so that they push the price further down. LOL...

But I'm in it for the mid to long term investment so daily price fluctuations won't bother me at all...LOL