Don't know how much more it can drop. As long as the company does not go BUST, the price will recover when the oil price rebound back to USD70. Will buy some if it drops further
Weak oil prices deplete Russia’s sovereign-wealth fund
Russia, US & Saudi in big financial problem now. How long they can survive with such low oil price. Sooner or later they need to push the price up again.
Signal is coming. Today's strong showing at 0.485 hints of breaking resistance soon. Sideway movement with collections at 0.475, 0.48 today means bulls are back for this. If it breaches 0,49 today, next week will be interesting. ps: Goldman has been proven wrong many times at at USD30 a barrel, Opec will probably not allow it.
We need to form a team - ALAM winning team. Encourage more people buy ALAM shares and all hold for long term and don't sell if price below RM1.00. If everyone can cooperate, the we all sure can win.
Alam Maritim secured two packages totalling MYR102m from Petronas FLNG1 and we believe there would be more packages as the vessel nears its 1Q16 operational start-up date; as a result we upgrade to TRADING BUY (from Neutral) with a MYR0.56 TP (from MYR0.36, 14% upside) based on 9x FY16F P/E. The company is currently focusing on getting more subsea jobs, which ought to enable it to utilise its own extensive OSV fleet.
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....
BuLLRam
1,104 posts
Posted by BuLLRam > 2015-10-26 22:52 | Report Abuse
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