HA HA HA HA HA - Wonder if people know that 35 million barrels of Crude Oil is about to flood the market in a few months time ... HA HA HA HA HA...... THIS IS THE BIGGEST PROBLEM EVER. Recovery is like 9 months away...
According to Saturday Thestar paper, Petronas this year is producing more oil than last year. Down stream oil support is actually getting more job than last year.
Oil Benefits From Expected Delay of Iran Crude and Good Chinese Data
The much awaited China’s data today beat forecasts on all fronts and helped to lift commodity prices. From 2nd quarter GDP to Retail sales to Industrial Production, actual data all indicated that economic growth has responded positively to the government’s stimulus program. Chinese GDP rose 7 percent in the second quarter from a year earlier, in line with the 7 percent annual expansion target and bolstered outlook for world economy.
WTI and Brent crude oil ended higher in New York session and scored further gains in Asia today as market expected a delay in Iranian crude supplies after a nuclear accord was reached. While this deal would allow for a return of the world’s fourth largest producer to crude oil market, its reserves may take years to reach full potential. According to Richard Nephew, a Program Director at the U.S. Center on Global Energy Policy, new oil from Iran was only expected to enter the market in 2016, at a rate of 300,000-500,000 barrels a day. This was less optimistic than the previous estimates provided by Iran that it could ramp up production to an extra 1 million barrel a day within six months of program implementation.
Collect at low now, wait till the time when Global Oil and Gas gradually support back n move up, then will be a huge profit there. Time, Patience and Money is the key. WTI : 48.91 +0.46 +0.95% BRENT : 55.26 -0.01 -0.02%
The reality is that it is going to get much worse before it gets any better. The current lack of confidence due to Najib's messing up of the ringgit, the huge debt of Malaysia also caused by Najib's swindling and the biggest reality, the coming influx of more World Crude Oil from Iran will cause a more supply than demand reality. This in itself will cause Petrol price to be low for a few years. If you lack patience, don't waste your time with Shares dealing with Petroleum.
Wht political instability..this is malaysia..the mall is full..restaurants are full...cars are being sold..jobs are there...tourists are coming in droves...no oil.and gas companies are bankrupt...government machineries are still working..no looting...just noises on media about 1MDB and GBH...DAP accusing and inciting hatred...PAS is showing fingers to all...all we know what and being managed. Business is still running as usual.
West Texas Intermediate trimmed its biggest monthly drop this year as U.S. crude production slipped and stockpiles unexpectedly declined. Oil in New York added 0.2 percent to $48.90 a barrel, while Brent crude increased 0.5 percent. U.S. inventories decreased by 4.2 million barrels to 459.7 million through July 24, government data showed, compared with a forecast in a Bloomberg survey for supplies to increase by 850,000 barrels.
Crude oil prices continue on bak reversing low, i think it may takes about 1 years+ to actually recover. Short term pain, long term gain. Buy low, close your eyes and hold it. WTI : 47.12 -1.40 -2.89% BRENT : 52.21 -1.10 -2.06%
If you know Crude Oil will continue to drop, why you want to stuck your money to accumulate a stock which in downtrend in one more year? Purchase decision can decided after a year (depend on market condition) and it is still not too late! Trust me, never long terms investment on stock like PERISAI with huge debts, low earning and tight cash flow, MOST of the investor always get punished for losing money. IMHO, all O&G stock should be avoid temporary.
wait until early next year when their 2nd rig is delivered and no one is taking the rig, by then it will bleed further. Perisai have to maintain the rig in working condition, their cashflow going to suffer
brent is currently below 50 usd, becareful guys, more downward pressure expected. The current price and volatility in crude oil will not convince Petronas to increase capex so soon. Before that happen expect more pressure on Perisai earning especially the drilling rig business
Crude oil paused to digest losses after prices slid to the lowest level in over six months in yesterday’s session. *Reversing up for the 2nd days* WTI : 46.04 +0.30 +0.66% BRENT : 50.41 +0.42 +0.84%
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
eddi
91 posts
Posted by eddi > 2015-07-14 14:55 | Report Abuse
get ready to sapu!