Brent steadies above US$78 a barrel Publish date: Fri, 21 Nov 01:04 LONDON: Brent crude oil steadied above US$78 a barrel yesterday as reports that oil producers would agree to cut output next week offset weak economic data from China and Europe.
Ministers from the Organisation of the Petroleum Exporting Countries will meet in Vienna on November 27 to decide how to respond to a collapse in oil prices that have fallen more than 30 percent in five months.
Brent was up 25 cents at US$78.35 a barrel by 1315GMT after closing 37 cents down in the previous session. US crude was down 15 cents at US$74.43 a barrel.
Oil prices have come under intense pressure over the last few months as North American shale oil production of high quality, light oil has overwhelmed demand at a time of lacklustre economic growth in many parts of the world.
"We've had disappointing data from China and Europe, and US crude inventories are high, so there's plenty of supply, but tepid demand," said Michael Hewson, chief market analyst at CMC Markets. Reuters
Yamato .. Can send the link credit Suisse bought again? Thanks Sona still waiting for SC approval ... Now Ophir make offer to buy.... Seem all spac done terribly after hibiscus :(
The most despress the world oil price the better chance SPAC get the QA. Delay reason is always the pricing gap between ROI of SPAC and the seller expectation.
Part and parcel of consolidation process, sellers at this price point have been exhausted while people like CS have been buying everyday. IRR for investor looks good at this point of time with 17% yield to maturity. If I have the money, I would buy 25% and vote any potential deal off for the yield.
Thanks. Which means if now got funds to hold it, we should invest some into CLIQ? What about WA? because the conversion is RM0.50 and now only 12/12.5. Hold WA is more ok right?
can anyone confirm if the interest earned in the custodian account be subjected to corp tax? and also what are the duration it will take to liquidate the custodian account and refund to us.
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....
callme777
1,586 posts
Posted by callme777 > 2014-11-19 09:21 | Report Abuse
This stock has no QA. The management is not interested at all. Just keep for the good returns. Warrant holders just sell!