One say monday crash, one say back to 24, another say today die? With this kind of thoery investing in share I guess most oil conter are already delisted long time ago
Albertwarrior, publishing those articles will not help. It won't help as our market is already stabilising. When Dow jones dropped more than 400 points last week followed by a 272 points drop on Friday and despite Brent and WTI dropped more than 3% yesterday our market is still going up up. Don't you know that our O & G counters have already de-coupled from the global oil prices since last week?
These counters are now consolidating before the next big push. Some of them have already rebounded close to 50% from their low last month. Perisai's low of 0.24 and today it closed at 0.32 more than 35%. Look at Thheavy, it's low was 0.13 last month and today it is trading at 0.175 almost 40% rise. Same goes with SKPetro was 1.29 last month now at 1.74 and a high of 1.91 few days ago.
O & G stocks has been battered down too heavily.Only way to go is up as most of them are still making huge profits. Our national petrolium output increased from about 540,000 bpd in July last year to 670,000 bpd this July. So there will be still be lots of downstream activities.
Cksam, coz these peole already panic oversold thier share so now they are hoping to buy back by fantasicing the share price will fall lower n lower so they can buy back.. pity, if oil drop everyday bit by bit mean all these oil n gas company should hv gone delisted long time ago if these are thier theory from 24sen to 15sen..
Most commodities are experiencing backwardation meaning future prices are much cheaper than spot prices. However this situation cannot last very long as price normalization will take effect. When prices normalize then the next stage will be the contango effect. This means the gap between the spot and futures price will be closed. Thus spot price will rise in order the close the differential in prices.
Copper and Oil has been in deep backwardation for the last few months and as a result they are heavily oversold. Copper and Oil has been rising since last month. Yesterday copper rose more than 4% or broke the 50 DMA and hit a 2 months high. Similarly oil has been having a good run since last month. Both WTI and Brent has risen more than 20%. So i reckon the fear factor has already been price in.
Last night's Brent surge by 3.86% was mainly due to the Turkish invasion into Iraq.
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....
tony__kow
265 posts
Posted by tony__kow > 2015-09-04 16:07 | Report Abuse
mean distribution...