We need a strong team to purchase all the lose shares. We know someone is collecting at low price but there r still some coward willing to sell to them.
During a discussion on the future of the U.S. shale-oil industry earlier this month, Phil Flynn, senior market analyst at Price Futures Group, and James Williams, an economist at WTRG Economics, said they expected a major decline in shale-production output during the second half of 2015 to cause a big rebound in prices.
The number of active U.S. oil and natural-gas rigs declined by 56 in the week ended March 20, to 1,069, according to Baker Hughes BHI, -0.67% That is 41% fewer active rigs than a year ago.
The U.S. shale oil industry may have forever abandoned its heavy-spending ways in the face of sliding crude prices, Schlumberger Ltd, the world's No.1 oilfield services provider, said.
* Spending cuts already announced by producers - to the tune of 25 to 60 percent - have dropped the rig count by 45 percent since late 2014, and output will soon decline or flatten out so prices can recover, said Schlumberger Chief Executive Paal Kibsgaard. - Reuters
Shquah i think now sentiments is still not good for oil n gas counter, still many uncertaincy.. Jus relax la if u plan to keep long no need to see everyday hehe..
Alam 90lots at 0.725, still holding and waiting, need to be patience on this counter, fundamental here is positive, just the global ONG outlook that affect the share prices.
SAN FRANCISCO: Oil prices could hit $100 a barrel by the end of next year, U.S. oil magnate T. Boone Pickens said on Tuesday, revising his previous forecast which said they would reach that level as early as this year.
Fighting in Yemen raised concerns about the security of oil shipments from the Middle East. Analysts worry a proxy war might break out on the Arabian peninsula, home to the world's biggest oil fields, if the conflict draws in Saudi Arabia and rival Iran.
Beli balik semalam dan hari ini average 65.5 sen. Alam beta dengan WTI Crude Oil selaris. WTI sekarang naik balik USD 53 bbl jadi Alam akan naik balik ke paras 70 sen short term.
Brent need to break over USD$60 per barrel 1st until stabilize at that point, only then stocks regarding ONG sector will raise. Mid-Long term is positive.
Not necessity to go above 60usd... It only have to maintain above 50-53 range for another a week then price on Ong counter can go up.. If USd 60 breached it will rise 20-30% of current value ..
On the supply side, ConocoPhillips received U.S. government approval to export ultra-light domestic oil, making it the latest firm to obtain approval to export minimally processed, super-light oil known as condensate.
Others with similar approvals include Royal Dutch Shell and pipeline companies Enterprise Products Partners and Plains All American LP.
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....
inikalilah888
689 posts
Posted by inikalilah888 > 2015-03-23 15:37 | Report Abuse
No movement