death meat, institutional not buying this counter, retailer all runaway, wait until market stabalise...strong support at 35, if breakout down, means hns has just perform...shall see u at 30sen
rise in currency and oil price is good for company like this...fields (especially the small ones) are now economical to develop with higher oil price, and with revenue in USD (oil price are traded in USD), better revenue to be brought back in ringgit.
@callme yes and no...if they are buying existing projects/assets from other corporations/asset owners, yes, high oil price will make the assets more expensive. But, if they are chasing smaller fields offered by national oil companies or going for production enhancement projects (like what is offered by BP Migas now), higher oil price makes more of these types of assets/projects available in the market
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 > 2013-08-20 09:10 | Report Abuse
O.39 coming... Can buy?