PIRA Energy Group, a closely watched forecaster that predicted the slump in oil prices a year ago, said on Thursday it expects crude prices to rise to $70 per barrel by the end of 2016 and $75 a barrel in 2017.
As oil prices start recovering bit by bit, all oil related counters will also start recovering. I really don't believe in red-85 comment.........nonsense!!! Trade at own risk.
After all the force selling and contra play end, Wednesday ALAM should up again. I hope Alam can close above RM0.57 this week. Then next week break RM0.60
Venezuelan Oil Minister Eulogio del Pino said on Tuesday that eight non-OPEC countries have been invited to an Oct. 21 oil meeting: Azerbaijan, Brazil, Colombia, Kazakhstan, Norway, Mexico, Oman and Russia. The technical meeting of oil experts from the Organization of Petroleum Exporting Countries and non-OPEC countries will be held in Vienna, he told Reuters.
KUALA LUMPUR (Oct 21): Alam Maritim Resources Bhd ( Valuation: 1.10, Fundamental: 1.40) has bagged a RM53.5 million subcontract from Petroliam Nasional Bhd (Petronas).
In a filing with Bursa Malaysia, the company said that its wholly-owned subsidiary Alam Maritim (M) Sdn Bhd had received a letter of award from Petronas Floating LNG 1 (L) Ltd, a wholly-owned subsidiary of Petronas, for a subcontract for the floating liquefied natural gas (FLNG) offshore works of final positioning and mooring system hook-up including flexible riser installation, pre-commissioning and commissioning of pipeline, pipeline end terminal and riser from KAKG to FLNG (Package No 2).
The duration for the subcontract is from June 15, 2015 until April 30, 2016.
"The subcontract is expected to contribute positively to the earnings and net tangible assets of Alam for the financial year ending Dec 31, 2015 and beyond," said the company.
Yes, alam still has a lot of contracts n subcontract to service n will be busy with works all year round which is a very good sign. singCON, don't simply blamed other for ur lost!!!
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....
Invest123
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Posted by Invest123 > 2015-10-07 19:59 | Report Abuse
0.60