Good morning everybody, it's seems all of you are very optimistic about Barakah future.... can my Honda Jazz investment turn into a Mini Clubman ??? Well, I'm still having a good dream. Cheers to you all...
Oil price spikes is generally good for O&G companies (positive market sentiment) but it might be less sensitive to Barakah. Then again, Barakah doesn't involve in production of oil.
Traders have scrambled to calculate what the limit move in oil would be, after Saturday’s drone attack on the ‘’world’s most important oil processing plant’’. And moments ago, Brent crude reopened for trading, exploding almost 20% higher, its biggest jump in 28-years time.
Someone said.. "Too bad....today market didnt open..... if not cincai can up 15%....."
It will go across all energy sectors whether it involves production or non production..
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Yes @Mabel, that's what I meant by positive market sentiment. All O&G could be benefited from it but should also take note that the highest affected companies are still the ones that produce & sell oil. I meant.. people would focus on those stocks more, rather than midstream or downstream. But yeah, it should send positive signals to the O&G industry.
Someone said.. "Too bad....today market didnt open..... if not cincai can up 15%....."
It will go across all energy sectors whether it involves production or non production..
_________________________________________
Yes @Mabel, that's what I meant by positive market sentiment. All O&G could be benefited from it but should also take note that the highest affected companies are still the ones that produce & sell oil. I meant.. people would focus on those stocks more, rather than midstream or downstream. But yeah, it should send positive signals to the O&G industry.
As for me, my expectation is that Barakah is due for a correction... an upwards rebound. I am expecting many smiling faces tomorrow. Also, many, many more relieved faces... Cheers to you all.
Dow Jones' o&g sector/counters are very green now. Independent explorers/drillers, equipment/pipeline suppliers, refinery all are benefiting from the Aramco refinery fire.
My take is that the damage is very extensive. It will take 5-6 months for the operations to be running fully. The crude oil price is going to be volatile... right through winter. @Mabel ...Barakah is no longer a Buy & Forget counter. Please upgrade it... Ha ha
Morning @88 n @ Queen Mabel, let's fight it out with those stupid IB together, if still can get at @0.035 today, will eat some, yummy. Cheers to you all.....
This incident disrupts six per cent of world oil output and 50 per cent of Saudi Arabia’s output – equivalent to five years of global oil demand growth.
@Mabel... A delayed telecast, I would say. Its consolidation is extended , of course but... no need for the blue pills lah. Serba pills would be good... Ha ha
Lol. While I am holding an insignificant amount here, I cant comprehend your happiness with the 0.3 to 0.35 resistance. It is just appearing to be a pull-push that has been rolling in between 3 and 3.5. The momentum is not here yet..
@Angus Kuan... It's a historical factor. Within ourselves, we have friends who predicted the price of Barakah will plunge to 1 sen, then half a sen and then to the wilderness. So, staying at this current level, we find it comforting. Stay longer then you will understand us better. Cheers
@Mabel... like what I mentioned earlier, we need just one good news and you will see the fire starts to burn, more good news means it will explode...we just need to be a bit patient with our little princess Barakah... cheers to you.
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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....
freddiehero
16,722 posts
Posted by freddiehero > 2019-09-16 09:18 | Report Abuse
lets all huat huat...