Its going to be another bad day fr o&g sctor 2dys ..rally comes to an abrupt..as crude price dropped more than 3% now..clearly the. Battle between shale n crude continues as producers showed little signs to ease even at times when crude demand slides on top of 2 millions barrel oversupply. We just hope things going to be better before it gets worst!
Gohlai or sohai I dont know what to call u.... ok if wanna drop 0.40 it will fall last week d.... but now crude oil still strong. Plus libya oil terminal got attack.
The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "Company") wishes to announce that the Company had on 26 December 2014, acquired two Labuan Offshore incorporated companies at a consideration of USD100.00 each from ZRC Corporate Management Inc.
The companies are Alam Maritim Investment Holdings (L) Inc and Alam JV Holdings (L) Inc, collectively referred to as (“the offshore subsidiaries”).
Each of the offshore subsidiaries has issued and paid up capital of USD100.00 comprising ordinary shares of USD1.00 each. The new offshore subsidiaries principal activities are investment holding and ship owning.
actually..oil price dropping..oil company same earn money and gain profits..just not gain that much..but stock price already under value? because of panic sell.
Do u think OPEC, US and Russia will let the Oil price drop contunue droping until no end ? they also suffer.....lossing a lot of oil money. Imagine if a day oil price go back to $70 or $80....those invested in Alam today should be laughing all the way to the bank.
Would continual oil price drop result in deflation ? I believe it would bcos nobody want to spend and wait for cheaper and cheaper price, that will kill world economy, sure US cannot let it go like this. USA and Europe spend so much on recycle energy like wind and solar energies under Obama suggestion, now what Obama going to explain to them ?
Solar energy will collapse . Malaysia with depreciation currency , falling revenue from Petronas , highest external debts per GDP in the world will drag our economy into recession soon.
Those who make recycled engine oil, bio-diesel and sell recycled energy will be effected, look at the price of cypark, hhhcorp. diesel car road tax still so expensive and yet diesel now is more expensive than petrol, why no politician complaint ?
The shit thing is why armada, barakah amd others all seem going up but this alam just dive in like no tomorrow and yet no big share holders announce throwing like ananda in armada. wat happen ?
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....
lotusf1
1,159 posts
Posted by lotusf1 > 2014-12-23 05:06 | Report Abuse
Its going to be another bad day fr o&g sctor 2dys ..rally comes to an abrupt..as crude price dropped more than 3% now..clearly the. Battle between shale n crude continues as producers showed little signs to ease even at times when crude demand slides on top of 2 millions barrel oversupply.
We just hope things going to be better before it gets worst!