Oil price 32.3 usd.. yesterday dropped to 30.5usd. So deleum dropped 10 cents also. Since now oil price raised 2 usd, how many will be raised for deleum today?
In this situation, earn less is expected. Given 3.5c dividend prove that management team is really general. It is hard to drop below rm1 with oil price above 30 usd unless oil drop from usd30 again.
Last night raised to 35.06usd then pound back to 34.7usd. See tomorrow stand at 35usd. Oil stock increase is estimated. Because few oils production country freezed export quantity..
yes agreed, non of O&G counter can beat this stock even with current oil price situation, it still effort to give 3.5 cents dividend, really tough time will last, tough stock won't last.....
Oil price have very strong support at 34usd. Currently raised to 36usd due to 70% of oil production country freezeed their oil production and oil plant reduced. Congratulations for those holding Oil Share. Yami yami.
i guess will not drop tomorrow base on the past few day and today movement. But current market hard to guess. No one can know if tonite brent crude slip or etc?
for long run this counter can b reach abv 2.0!!!but if next month doha talk OPEC no conclusion it will drop below 0.90!...waiting to drop below 1.15..:)
Oil and gas contractors in Sarawak have been given a RM2.1 billion “ang pow” from Petronas, to be given every year. The figure is the value of yearly contracts that will be set aside by the national oil corporation exclusively for oil and gas contractors in the state...Besides the RM2.1 billion allocation Petronas would also give more shares to subsidiary companies. “All this while, Sarawakian companies were just sub-contractors. The main contractors came from outside. Most of our companies have been in the oil and gas industry for more than 100 years.
Currently oil price at 40usd, Monday it sure above 40usd because change oil contract on coming week and price different for March and April is 1usd higher. Iraq agreed to attend freeze meeting also on 26 April and majority of oil countries agreed to freezed their production. Oil price estimate can go to 50usd by June 2016.
Dear shareholders, Despite eroding quarter results and maybe next quarter, oil supply glut as well as oil prices that gonna stay low till 2017, please don't be panic, we shall embrace this tough times together. All is well, keep holding.
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....
Kungsing Ting
154 posts
Posted by Kungsing Ting > 2016-02-25 06:24 | Report Abuse
Oil price 32.3 usd.. yesterday dropped to 30.5usd. So deleum dropped 10 cents also. Since now oil price raised 2 usd, how many will be raised for deleum today?