As I say the word Alam sounds like "syurga" Don't let it bring u go to the next alam / afterworld They shld change their company name to Salam instead of alam Maybe after that it will go up
When it drops to 0.60 u shout for 0.50, when it drops to 0.50 u shout for 0.40 when it drops to 0.40 u shout for 0.30, when it drops to 0.30 u shout for 0.20 when it drops to 0.20 u shout for 0.10 when it drops to 0.10 u shout for 0.00....the same happens during the uptrend...fun...
Tonite US market open will see another 3% drop in oil price......and might trigger a massive sell off in Dow jones, then wat will happen to our market on Monday???? Big
The Economist magazine-extract: Supporting both lines of Shale n crude oil there will be winners n losers but on a net basis its a good news for global economy.40% price drop motorist in US r spending only Usd800 as compared to Usd3000= 2% pay rise.Tks to to sluggish world prices due to creation of 20,000 new wells in North Dakota n Texas using manic drilling since 2010 more then 10 times of Saudi which boosted by 3rd to nearly 9m barrels/day that is short of just of 1m b/d as compared to Saudi output.The contest between Shalemen n d Sheiks have tipped d world from a shortage to oil off to a surplus.Big net importers like India,Japan n Turkey r enjoying d big windfalls.Global GDP shd rise,will reduce low inflation still further. the Federal reserve will out off raising interest rates for longer.The European Central Bank will act boldly to ward off deflation by buying sovereign bonds. There will be loser oil producing countries whose budget depend on high prices r in particular trouble.Nigeria has been forced to raise interest rates n devalued d Naira.Venezuela looks ever loser closer to defaulting in its debts.The spectre of defaults n the speed scale pr plunged led to unnerved financial markets but d overall economic effect of cheaper oil is clearly positive.Just how positive will depend on how long d pr stays low.That is d subject of continuing tussle between Opec n Shale.Saudi wants to let d pr fall n put high cost producers out of business.That should soon crimp supply causing pr to rise.there r sign that shakeup is already there.The share prices of shale Co have been swooning. Many gone into debts even b4 d start of falling prices since most were investing in new wells, bankruptcy is likely since Shale wells r short lived n any slowdown in investment will quickly translate into falling production but in d long d industry seems assured. 12/12/
The price of Brent fell by $1.83 to $61.85 a barrel, hitting lows last seen in July 2009. Meanwhile, US crude was down $2.14 to $57.81 a barrel, its weakest since May 2009.
There r so many loss making companies in bursa and yet ppl chase it like made, the worst for oil companies is making less or slight loss. No way will petronas cut production bcos that will kill umno and ah-jib gang. may be petronas will produce more so that make enuf money for ah-jib to spend.
U need good connection in order to get petronas works.one good example is scomi during pak lah time....if najib comes down first then his cronies co will go down too....if Dr.m kicks the bucket first then kiss goodbye to yin son n skpetro.....
really ?....but ah jib is now in hot soup !...one umNO chief lodge police report on 1MDB and the same matter was discussed in cabinet meeting while ah jib going K-Pop!!
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....
beso
2,137 posts
Posted by beso > 2014-12-03 19:22 | Report Abuse
let see...