At this moment no need to mention about the oil price lah but to consider about the contracts awarded to Alam which can last for sometime n is very good already. If oil prices were to go up, not only Alam will benefit but all other businesses will also do.
To me, this counter is for keep as it is trading quite low now n moreover it has few contracts to keep it busy for sometime n still having income until better time.............up up up!!!
Oil price cannot be always so low......time will come. U don't know when there will be another WAR in middle east....US and Russia they are in control.
Oil production from the Organization of the Petroleum Exporting Countries fell by 120,000 barrels per day in October from a month earlier, to 31.08 million barrels per day, according to a Platts survey of OPEC and oil industry officials and analysts released Monday. Platts attributed the decline to output cuts in Saudi Arabia and Iraq. "OPEC output has now dropped over three consecutive months
This article first appeared in The Edge Financial Daily, on November 19, 2015.
KUALA LUMPUR: Barclays Corporate Banking plc predicts that demand for oil will triple in 2016, and that oil price, which is now about US$45 (RM197.55) per barrel, will rise to US$50 per barrel by end-2015 and to US$60 per barrel next year.
How do u all think the war on IS from France and Russia will affect the oil price? Now world economy slowing down. The Arab countries still holding at low oil price?
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....
Tenangzin
67 posts
Posted by Tenangzin > 2015-11-07 10:13 | Report Abuse
patient pays