As expected. OPEC+ will lose more of their market shares if they cut more output again. Ha ha!

While the world’s biggest oil exporter cut pricing on all its grades for January sales to Asia in a bid to take back market share lost to the likes of Russia and the United States, the significant reduction in the premium for its lighter varieties shows the kingdom is probably taking into account the shrinking margins in the region for cleaner fuels as well as focusing on tackling competition from other sellers.

Saudi oil premium at 15-year low as fuel profits collapse
http://www.klsescreener.com/v2/news/view/465960/saudi-oil-premium-at-15-year-low-as-fuel-profits-collapse

Agree.

LESSONS FROM THE PRICE WAR

Non-OPEC oil output will rise by 2.3 million bpd this year while oil demand should grow by a 1.3 million bpd next year, projects the International Energy Agency, which advises major oil consumers on energy policy. That could lead again to a market awash in oil, lowering global prices.

OPEC this week must decide whether the global economy will need more oil or less. After months of producing well below the group’s target, its leaders increased production last summer and by October had added nearly 400,000 bpd over September. Russia also increased its production by about 460,000 bpd above its cap.
“OPEC realizes that in the last downturn, in an effort to grab market share, they got nowhere. They ended up losing market share to some extent,” said Muqsit Ashraf, senior managing director for energy at consultancy Accenture Strategy.

One lesson from the last price war is that shale can expand production even at prices that hurt OPEC members’ budgets, said Karr Ingham, a Texas oil and gas economist.

Companies in the Permian Basin, the country’s biggest shale oil formation, pumped 1.6 million bpd in June 2014 when prices peaked at $107 and output rose to nearly 2 million bpd two years later as prices fell to $26, according to government data.

“OPEC can wait from now until kingdom come, but they won’t get … a production decline” from the Permian field, Ingham said

Oil price down prior to OPEC+ meeting. --- Good sign.
https://www.reuters.com/article/us-global-oil/oil-prices-ease-in-cautious-trading-ahead-of-opec-meeting-idUSKBN1O505O

Maintaining at today oil price level is more than enough to make AA very profitable.

Yes. many good news for oil price tumble. Only bad new is if Saudi and Russia make a big cut. But the world don't think so. We investors must make wise decision in advance.

That's my projection!

Wait for the OPEC+ meeting outcome. Most likely no deal (They need another 2 months again to decide) and oil price tumble again.

Never mind. It may go up back to 3.0+ after Ex date.

VSS (volunteerily separation scheme) or MSS (mutually separation scheme) cost is very high. This will eat into the profit. Pls refer back to those companies exercised the schemes before such as CIMB and Media Prima.

CIMB will sure disappoint all, including you.

Thumb Up!

Ya lah! They analysts also want to make money, not just retail investors mah! They use their position to take all advantages. Be careful.

Wah! can buy at 3.07 - 0.40 = 2.67, surprising!

But trade at your own risk. No guarantee it will go down!

Sell now. Buy back if you want at 1.05 or lower for the future toc come.

That's why.
Beza Up first then drop back kaw-kaw.
06/12/2018 08:46

Institutions like EPF must have known the retrenchment in advance, keep disposing huge volume while buy back a little. That's why it went down to 1.05 before.

Very high cost of retrenchment. Q result could be negative. Who want to buy?

See sellers is more than buyers. 29% buy means 71% sell.

No institutions want to warm them about the retrenchment that is to take place soon. Perhaps institutions offload the stocks first at higher price. Then they will tell the other part of the story to the public. Don't trust those analysts. They buy and sale too!

Lat time Astro declared 3 cents div per Q. Now 2.5 cents per Q. Future dividend when retrenchment occur causing loss in the near Q to come?

Tuesday one today only wanted to tell. Bad motive.

Up first then drop back kaw-kaw.

US was on holiday (thanksgiving) yesterday lah. All stocks there closed.

Retrenchment of staff in the quarters to come. Far less profits.

shortinvestor77 Henry Tan said: “In light of the challenges, we are implementing a strategic review of our business and
organisational structure; including deeper cost rationalisation and workforce optimisation, which will
incur one-off costs in the coming months.
05/12/2018 22:16

Oil now 61+ , drop again.

No chance already. Aircraft is taking off.

Shinnzaii i want top up buy low only...waiting the chance...hehe
05/12/2018 09:58

Buyer almost double sellers.

Big number of buyers vs sellers.

Every aircraft sold to leasing company will give shareholder special dividend. (AAGB gets a big discount when order in a big quantity.)
https://klse.i3investor.com/blogs/kianweiaritcles/185356.jsp

Qatar golden opportunity to output more production for more revenue. Clever, one stone hits two birds, cut tie with Saudi. Malaysia is stupid, wanted to produce less by flying Azmin for the OPEC+ meeting just to cut production but hope for good price/revenue.

No Oil Producing and Exporting Cartel (NOPEC)

Good new. No monopoly,

Buyers more than sellers today.

Congras.

Will move upward today. No worry.

crude oil inventory build of 5.36 million in Nov 30. Last week, the API reported a build of over 3 million barrels. Means an increase of 5.36 - 3 = 2.36 million extra in a week time, which is very significant increment of output US can do.

The American Petroleum Institute (API) reported a crude oil inventory build of 5.36 million barrels for the week ending November 30, compared to analyst expectations of a draw in crude oil inventories of 2.267 million barrels.

Last week, the API reported a build of over 3 million barrels. A day later, the EIA had confirmed the build.

Leading up to today’s data release from the API, crude oil prices were trading modestly up at 1:08pm EST, with WTI up $0.17 (+0.32%) at $53.12 and Brent crude up $0.37 (+0.60%) at $62.06. This was due to various OPEC players, including Russia, giving new hope that a production cut may be reached this weekend, and that the production cut could be as much as 1.4 million bpd.

Inventories in the Cushing, Oklahoma facility this week had climbed by 1.44 million barrels.

The API reported a build in gasoline inventories for the week ending November 30 in the amount of 3.61 million barrels. Analysts had predicted a build of 1.333 million barrels for the week.

US crude oil production as estimated by the Energy Information Administration was also bearish in nature, showing that production for the week ending November 23 stood 11.7 million bpd for a third week in a row.

Distillate inventories were up this week by 4.32 million barrels, compared to an expected build of 1.600 million barrels.

The U.S. Energy Information Administration report on crude oil inventories is due to be released on Thursday at 11:00a.m. EST, delayed one day in observation of the George H.W. Bush Memorial Service Day on Wednesday.

By 4:40pm EST, WTI was trading up for the day at $52.61 and Brent was trading up at $61.43.

US dig more and more oil. More demand than supply.

Oil history will repeat the price of US$30.

Guess what price it starts and ends.

Already happened just a few years ago. Even BN after 61 years also fell down.

More business to come during CNY.
http://www.sinchew.com.my/node/1814612

No share pls go to another counter. This counter is a forum for shareholders to discuss pros and cons. At least get 1 lot to be here to talk cock. Otherwise don't waste time lah!

RM160k fine is just a peanut. AAGB will come up with more creative but compliant advertisement.

Brent oil drop from 62+ down to 61+. AAGM must up today. Long term oil price will drop to US$30.

https://economictimes.indiatimes.com/markets/commodities/news/qatar-announces-opec-exit-days-before-pivotal-oil-cuts-meeting/articleshow/66918547.cms