micsoh, buy and sell is a skill to learn not just buy and sell blindly
for a stock drove by oil price, when oil price rally touch its resistance its time to sell for short term play and vice versa, thats why important to see chart
to invest long time, check the sector and the business environment its operates, benchmark with co-businesses and understand what drives the profit
when buy, dont buy with all the capital and chase high, wait at retracement, first buy use 1/3 and see where the trend go, if continue falling break support must cl, if falling and not break support, can ave down
OPEC+ producers considering extending production cut till july or august, Alam price still consider cheap now with fair value at 0.17 more 45% undervalued.
The next OPEC+ meeting, initially scheduled for June 9-10, could take place earlier than expected according to a Reuters report that cites a letter from the OPEC president of Algeria to the members of the wider producer group.
In the letter, Algeria proposes that the meeting be held this week, on Thursday, so that Saudi Arabia, Kuwait, and Iraq can make their export nominations after the producers’ club decides on the future of production cuts.
Nominations is what Saudi Arabia, Iraq, and Kuwait call their export allocations to long-term clients, which are based on oil demand, Reuters explains, adding they normally take place on the tenth of every month.
A further report citing unnamed sources said Russia did not mind moving the meeting to this week and suggested this might mean Moscow would also agree to extending the current production cuts of 9.7 million bpd beyond the end-June expiry. Of course, nothing is certain and will not be certain until the meeting starts as some Russian oil companies, notably Rosneft, are finding it hard to maintain the current production cuts. Related: Oil Prices Stabilize On Rumors Of An OPEC+ Extension
There is talk, however, that the cuts may be extended by another month or two. An unnamed source told Energy Intelligence that "OPEC-plus could meet on Jun. 4 to decide on a market management policy that might extend the current production cut pact by up to two months."’
According to the original agreement reached earlier this year, OPEC+ was to cut 9.7 million bpd in combined production for two months—May and June—and then ease this to 7.7 million bpd, to stay in effect until the end of the year. Then, from January 2021, the production cuts would be further eased to 5.8 million bpd, to remain in effect until end-April 2022.
Meanwhile, however, OPEC is again falling short of its compliance quotas, with compliance rates for May—the first month of cuts—at just 74 percent. The actual cuts in may were only 5.91 million bpd down from April, with Nigeria and Iraq lagging behind others.
come hengyuan 4324, hengyuan c12 , hengyuan c13. Heng yuan is the best company among all the o n g campany, good management team, good fundamental. petronas cut expenses will no effect and oil price is going to break new high, when opec meeting deal, will fly to moon. history at 2017 will come back which is the share price increase from RM2 to RM19 .The price will up very fast due to only 300 millions share, next supermx is coming .
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....
JokerT
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Posted by JokerT > 2020-05-22 14:46 | Report Abuse
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