The secretary general said he saw Asia oil demand rising to almost 46 million barrels per day by 2040, an increase of nearly 16 million barrels per day from 2015.
Crude oil up n down is normal, long term investment. Just like snwong13 said, "Hold if bought" , "Wait n see for signal to buy". When crude oil back on USD 60 - 70 - 80 per barrel <few years later or next year?>, you will be glad that you are patience enough to hold at this low point.
Persian gulf keep pumping oil, make difficult to sustain oil price, price down almost a week. see what world price tonight (Malaysian time)..good luck!
Trouble is brewing..With petronas profit going down, service players that highly depend on Petronas jobs such as Barakah Offshore Petroleum Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE), Perisai Petroleum Teknologi Bhd, Dayang Enterprise Holdings Bhd and UMW Oil & Gas Corp Bhd would be affected.
“More companies could face further book value deratings, like in the case of MMHE/Perisai which have underperformed by more than 30% year-to-date. Stocks under our coverage which could face earnings risks in 2016 are SapuraKencana Petroleum Bhd, Bumi Armada Bhd, Barakah, MMHE and Perisai,” said UOB in a note yesterday.
This company is in financial trouble. Might even be delisted if oil price remains low for long term. Don’t be influenced by any unrealiable buy call. Those might be people who wish to prop up the price and flee. There are so many better counters which you can pick in the market. Unless you are high risk taker, then you may buy and hope for miracle. Again, please evaluate the risks and returns!
Agree stocktrader88..focus on stocks with preferably ZERO DEBTS. Stocks with super heavy debts may need to deleverage n may not be in a good financial position to capitalize on future opportunities whereas stocks with zero debts may gear up to capitalize on future opportunities.
Based on source, even the Finance Manager resigned not long ago. Something is going wrong. I think any rebound in oil price also hardly can rescue Perisai, unless the oil price can shoot up to USD80 and above in near term
The stock is under private placement therefore having a huge bearish pressure. Anything below 0.30 is a good buy. If company going broke then they would do right issue instead of private placement.
This article first appeared in The Edge Financial Daily, on November 19, 2015.
KUALA LUMPUR: Barclays Corporate Banking plc predicts that demand for oil will triple in 2016, and that oil price, which is now about US$45 (RM197.55) per barrel, will rise to US$50 per barrel by end-2015 and to US$60 per barrel next year.
True for those with holding power only .But remember tis ll shoot up to RM1.50 if the oil price up. So ur 30sen ll bcom 1.50 . tis company won't go bankrupt due to low oil price.this is not hibiscs.
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....
cmloo
158 posts
Posted by cmloo > 2015-11-04 21:53 | Report Abuse
NYMEX pushing 49