last year they loss bcoz of impairment cost.. they dish out some cost for rigs and vessel.. this year seem cleared.. they can save the depreciation cost for about RM30 mil.. very high possibility to turn into black.. and sailing all the way...
Write a comment..Mr Kedia told NDTV Profit that global oil price benchmark, NYMEX crude, could rocket to $85/barrel in a year. NYMEX - the name for crude oil (WTI) traded at the New York-based commodity exchange - prices are at $34.5/barrel currently. (Watch)
According to Mr Kedia, global crude oil prices could head lower before the next upmove, which will take prices to around $85/barrel.
but the oil price has up to 37dollar per barrel but the price still low.... it should be RM0.285!!! i think is affected by audited report losing RM700million!!!
Aziz it takes a while to adjust the price. Don't expect O&G to rocket. I would rather say an inch a day will create a mountain high in long run. I will hold 18 months and perisai will reach 0.90 hopefully.
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....
albertwarrior
1,135 posts
Posted by albertwarrior > 2016-03-03 11:00 | Report Abuse
brent @ $36.96 / barrel