oi88, I bought Armada at Rm1.29. Already cut loss at Rm1.08. Looking to buy back Armada below 50 cents again. For Alam Martin I bought 62 cents. Cut loss at 45 cents.
Posted by calvintaneng > Mar 14, 2016 08:32 PM | Report Abuse
oi88, I bought Armada at Rm1.29. Already cut loss at Rm1.08. Looking to buy back Armada below 50 cents again. For Alam Martin I bought 62 cents. Cut loss at 45 cents.
According to Peter Lynch there are different classes of shares like Stalwarts, Defensive Utilities, Growth Stocks & Cyclicals.
Oil & Gas are cyclical stocks. When Shale Oil Hammered Crude Oil I thought O & G Stocks were cheap enough to buy some. But I was wrong as Saudi went into a price war. Now 60% of Shale Oil Rigs have ceased production. The US Banks who financed these Shale Oil Cowboys are also in deep trouble. For now only Iran must come to agreement. And I think Crude Oil should have some support now.
That's why I am looking to buy back O&G stocks one by one now.
Hi team I also have same question as yingkang87 , why now oil and ringgit very strong but I find out many oil counters dropping include Alam. any insider new , no cut produce by international or us slow down oil price ?
Another opec & non opec meeting on April 16th , means positive news for crude oil. I guess oil below 35 is noy gonna happen. Oil rebound is good news for Malaysia economy, good news for business community & great news for the Rakyat too.
Calvin, this ALAM can buy? Compare ALAM and EATECH both in OSV, I see ALAM trading only at PE 7x only compared to EATECH at PE 15x. Is ALAM undervalued? Or EATECH overvalued?
When SKPetro one time write off old equipment is actually is a saving in future expenses.
Property and Equipment monthly depreciation is an expense or spending for a company. When 2 billion impairment in 2015 meaning that 2 billion less expenses in next few years.
The same goes to ALAM and other oil and gas company.
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....
vinvin
4,494 posts
Posted by vinvin > 2016-03-14 19:30 | Report Abuse
More contract for Alam as follows:-http://www.bursamalaysia.com/market/listed-companies/company-announcements/5029749