Crude already bounced back many many months ago from USD27 / barrel. Or you mean wait for crude to bounce back to USD 100 and see if the company get bankrupt or not during this period?
May your dreams come true, already run most of my Perisai when other oil and gas rebound but this stock not moving. Just hope it might not go till ...17
Oil price bounce back nothing to do with share prices, company need to sustain by getting more contracts. Unforfunately Petronas also cutting its capex. If most oil company can sustain over this 2 year period..then i guess now its time to collect these company if u are confident with the company
Annmix: please read properly I say rebounded not recovered. (Please do not simply misinterpret my statement). Think logically also know they will not recover now when oil price from from 120 till now (common sense). There is plenty of counter that had rebounded, no point to stick with a dead cat.
huge concern on its short term debt obligation coming in Oct..need to restructure as cash flow is tight...don't think the support at 0.20 will hold...that "support" has been drifting lower and lower.
need to raise cash to settle debt...trying to sell assets now but in a disadvantage position as buyer will surely tekan....they know perisai is desperate...be very careful all...oil price movement has less impact to this counter as the operators will not secure floaters new contract just because brent is inching up...
If drop below 20cent, then expect another 20% gone. Then you go calculate yourself how much those people that bought at 24c/ 28c/ 30c is earning. Then shiok lor if rebound you earn but if the dropping knife continue to drop see if you can catch the handle or not.
Perisai has 3 options: 1 - restructure the debt; 2 - sell assets; 3: raise new units/warrants. Option 1 is tough especially with their falling bond prices. Coupon rates will skyrocket if they can raise new ones and time is running out. Option 2 as per my previous text. Option 3: good luck doing this in current market. That's why i think going below 20Cent is a matter of time, not if.
Aldy know it will drop below 0.200 level(look at current situation now). But, just awaiting for the coming soon QR(hopefully show some improvement n not worsen).
recover or rebound.. its the same.. they both suffer 80% loses from thier peak ..im not here arguing and im just telling u the fact, recover or roound few cents really mean nothing
The only safe ship in a storm is leadership..now go back and see whose behind the curtain in Perisai, have faith in them. Otherwise, no point talking all the technical stuffs in here. If u think they are not good enough, why waste ur time investing in this counter.
The worse qtr is over, 3,4 qtr will b much better as oil price improving n petronas getting more profits.. hopefully more contract will b awarded that will b safe.. the extension contract last week worth usd41million.. tat is quite a big amount at least will ease the wound abit
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AzerothJr
649 posts
Posted by AzerothJr > 2016-08-23 13:58 | Report Abuse
Crude already bounced back many many months ago from USD27 / barrel. Or you mean wait for crude to bounce back to USD 100 and see if the company get bankrupt or not during this period?