Posted by calvintaneng > 2014-12-03 02:44 | Report Abuse

MAYDAY! MAYDAY! MAYDAY!

SAUDI IN PRICE WAR WITH US SHALE OIL

IT COSTS US42 TO PRODUCE A BARREL OF SHALE

BUT THE BIGGEST BOMB SHELL IS FROM CHINA

AT US$18 PER BARREL CHINA HAS THE LOWEST COST OF PRODUCTION. AND CHINA ALSO HAS THE WORLD'S BIGGEST RESERVE OF SHALE OIL, ACCORDING TO SHANGHAI BUSINESS MAGAZINE

SO OIL MIGHT CRASH TO US$30 PER BARREL

FROM ZETI'S TONE PETRONAS RAPID MIGHT BE CALLED OFF

SEE HOW EPF IS SELLING & DUMPING OIL AND GAS COUNTERS LIKE THERE IS NO TOMORROW!

SO STAY AWAY FROM ALL OIL & GAS COUNTERS

Posted by andychucky28 > 2014-12-03 06:01 | Report Abuse

THE COSTS TO PRODUCE A BARREL OF SHALE IS FROM USD18 TO USD60

Posted by saddiqsepakraga > 2014-12-03 07:33 | Report Abuse

Yesss...average cost is about USD43 pb....!!

Posted by jasonor > 2014-12-03 15:48 | Report Abuse

Not o&g only, non o&g also kena.... i didnt hold any o&g but my other profitable company also drop... seems like market panic ady.. all throw stock, keep cash...

Posted by lim88 > 2014-12-03 15:52 | Report Abuse

malaysia ekonomi gone.....malaysia ekonomi gone....klci drop.....like shit

Posted by Up_down > 2014-12-03 15:57 | Report Abuse

KLCI dropped a peanut only. KLCI is famous for over valued in the market. More pressure is on the way when crude oil drop below US 60.