year end is approaching, gotta hav a deeper pocket to buy up some progressive o&g companies' shares from those who dump. I dont see a energy sector to come crashing down and in m'sia our O&G industry is just warming up and it seems like we're on the verge to become the O&G hub in SEA. Look at the RAPID pengerang o&g hub, it's progressing well with DIALOG to set-up storage terminal, tht's a healthy progress.
More contracts are coming and these negativity in some o&g counters will be short-lived because of current sentiment. It can be a bargain hunting for those who see the prospect n want to accumulate them :)
Actually is asset injection into sumatec by theirs boss... We shOuld discussed in that forum... Yes there is a risk that's why I only invest a bit for long term...
to datem alam gave me the best trade ever. this thanks to warren buffett quote:
Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful. 2004 Chairman's Letter
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....
Jack Knight
1,024 posts
Posted by Jack Knight > 2013-11-26 07:47 | Report Abuse
the energy sector is having a hiccups now due to the prospect tht there will be more oil supply from iran hence pushing down the crude oil price