Oil price spike on vaccine hopes, oil counters started to rebound and KNM will gradually moving upward to hit the target price 28 cents by end of this year.
Oil prices continue to spike as vaccine shields 2nd wave covid-19 worries and hopes that Opec+ will continue to curb output offset concerns of weaker fuel demand. Oil counters will be strongly rebound and hopefully Knm will follow the trend.
Glove shares plunge but oil counters surge as vaccine hopes dampen coronavirus fears. Investors started to shift from gloves counters to oil counters. Do not miss the boat just buy and keep. Now knm still traded at a price substantially below its fair value.
Of oil demand suddenly increase it might hit usd 100. As a lot of shale. Oil have close down with current price. Just like glove effect when covid come
Oil prices will climb higher on vaccine optimism and news of a rebound in worlds economies. Oil counters will be boosted by these positive news and hopefully will push Knm share price higher in the near future.
Now Knm still traded at a price substantially below its fair value among the oil counters. The news of effective and promising vaccine will boost the oil price and Knm will be strongly moving upwards to the target price 40 cents in the near future. Knm will hit the target price 150 cents once Borsig WTE project is completed.
There is a bullish mood on oil stocks now and investors started to buy oil related company shares as oil prices boosted by the bullish news - current coronavirus situation will be under control by the vaccine and the global recovery from the covid-19, opec+ will extend their production cuts a little longer for another few months. Oil price leaped higher by about 4.5% and oil stocks price will be rebound back to their pre-pandemic level in a near future. Knm share price will jump higher on these bullish news especially knm will give a results better than expected in its coming 3rd quarter report.
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....
goldminerich
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Posted by goldminerich > 2020-11-13 21:11 | Report Abuse
This stock for investor not for everyone..