Following behind KNM trend for now, but expect the unexpected, no one's know what will happen next, but as long as it goes up steadily higher, good enough..
Looks like Crude Oil price had bottomed out and is now rebounding. Oil production in USA will continue to drop in the future.Iran had been exporting crude oil even under the Oil embargo. OPEC members ie. Saudis n its allies would rather sell crude oil at higher prices in the future. So too will the Russians..
The key question here is what is the future direction of crude oil?? Can OPEC and Russia work together to curb oil production in the future??
This still not consider as drop, if back to below 0.350, tat's really a drop. Adding global crude oil prices still not tat stable, more patience needed.
The upside is limited unless the oil price can spike further and rig market recover. If you notice, the banker undertaking the private placement gave a TP of 0.45 but propose for a private placement at 0.31. Joker counter!
As you can see, it's the worst performer with little gain even oil and gas sector is doing well now. Obviously, the price is controlled by certain party for some benefits. They might try limit the gain when market up then maximize the loss when market down so that the price is nearer to placement price! Good lucks!!!
PIRA Energy Group, a closely watched forecaster that predicted the slump in oil prices a year ago, said on Thursday it expects crude prices to rise to $70 per barrel by the end of 2016 and $75 a barrel in 2017.
Valuation Despite the recent share price rallied due to rebound in crude oil price, fundamental remained weak (pressure on charter and utilisation rate). Thus, we downgraded our call from HOLD to Sell with unchanged TP of RM0.30 based on unchanged 8x FY16 P/E.
In 2008 DJ lowest is 8000 and on uptrend to 2015 now 17000+.........so in just 7 years it's already up 9000+ points..........Imagine this bull is extremely extremely fatigue, exhausted, depressed and shaken.....,,,,,.anytime will collapse Big !!
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....
JN88
11,670 posts
Posted by JN88 > 2015-10-07 08:54 | Report Abuse
Saudi Alalala also cant tahan liao...gaduh gaduh...lai la lai la....keep pushing to usd20 la.....see siapa die first...wakakakkakaka