July 30, the Secretary General of the Organization of the Petroleum Exporting Countries Abdalla Salem el-Badri will hold a meeting with Russian Energy Minister Alexander Novak to discuss the oil and gas markets. Russia and OPEC share a common interest in wanting to boost oil prices
The reality is that it is going to get much worse before it gets any better. The current lack of confidence due to Najib's messing up of the ringgit, the huge debt of Malaysia also caused by Najib's swindling and the biggest reality, the coming influx of more World Crude Oil from Iran will cause a more supply than demand reality. This in itself will cause Petrol price to be low for a few years. If you lack patience, don't waste your time with Shares dealing with Petroleum.
the down is becoz of oil crashing n unstable politic situation now, not jus alam drop, all other oil counter also drop ! Dont blame the management its good they still securing projects, if u wanna blame, blame Ah Jib
hi onetonneman, i agree with what u say, im also collecting now for 50sen and 49.5sen these 2 day..alam has contract to busy with till next few year if im not mistaken, hopefully they will secure more contract and have steady quarter result, so the price wont dip too much from now
Suggest short-term(er) don't invest in ONG related counter, crude oil at least need to takes about 1-2 years to recover. Short term pain, long term gain.
OPEC Meeting December. Plus cold weather. Many oil rigs shutdown USA..hehehe..extreme weather end of this year..Obama will celebrate Christmas at Malaysia..he is coming KL in december. Date dont know..so dont wolly too much..oil will go up lor..but not now..:)
hopefully tonight api report will have lower inventory, so oil will up n tomorrow alam can bounce back abit. bought some at 49 and 48.5 yesterday..but today 48sen :(
The Quek Groups don't feel like pushing the price up yet! If they do then I really don't know how much will be the price then!!! Be patience n keep on collecting if u have the fund. Long term for the moment n slowly adjusting if the price slowly goes. Trade at own risk.
WASHINGTON (Reuters) - The Republican-led U.S. House of Representatives will vote on whether to reject the nuclear agreement between world powers and Iran when lawmakers return to Washington in September, party leaders said on Tuesday, setting up a showdown with the White House.
stupid kenanga analys - Upgraded to MARKET PERFORM from UNDERPERFORM but target price reduce to 51 from 61, wth ? while affin Huang Capital gives BUY rating and TP of RM0.72
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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....
SHQuah
5,363 posts
Posted by SHQuah > 2015-07-22 13:40 | Report Abuse
July 30, the Secretary General of the Organization of the Petroleum Exporting Countries Abdalla Salem el-Badri will hold a meeting with Russian Energy Minister Alexander Novak to discuss the oil and gas markets. Russia and OPEC share a common interest in wanting to boost oil prices