guys dun worry!..global oil mkt price will dip further may be around 50usd to 75usd pbr...this weapon uses by WESTERN and USA to against MOSCOW gov....won't be last long temporary show!.the most after 6months o r within a year will recover back to 100usd pbr !...(from highly trustworthy CIA insiders news)..... 16/10/2014 10:08
Someone is collecting the mother - look at the bursa announcement - my guess is the same person is also collecting the warrant - look at the volume during the same time of collection. Cheers!
Russia and Venezuela are two countries that are considered particularly vulnerable to a sustained fall in prices as their economies are highly dependent on oil. And because their costs of production are high and baseline budget plans are considered optimistic, analysts say they stand to lose more than, say, the Gulf states.
Lower tax revenue from the fall in prices could derail public finances, potentially prompting government spending cuts or tax increases that can hurt growth.
OPEC members are due to meet on Nov. 27 in Vienna, Austria, but investors doubt the cartel will be able to agree to any reduction in production quotas given Saudi Arabia's actions. That is another reason why oil prices have remained under pressure and why many analysts think this oil price retreat may be longer-lasting than a previous bout of weakness seen in 2012.
Oil prices could have a hard time finding a floor after Saudi Arabia trimmed prices in the face of growing North American oil production. The market took the price cut this week as another sign the kingdom is willing to use pricing as a lever to preserve its market share, rather than cut production in what is now an oversupplied market. Even if it was not the intention, some traders took the Saudi move as a sign the kingdom would like falling prices to slow U.S. shale production. U.S. West Texas Intermediate fell sharply on Tuesday, dipping close to the psychologically key $75-a-barrel level, before closing at a three-year low of $77.19, off $1.59 per barrel. Brent fell along with it to $82.82 a barrel, the lowest settle since October 2010, after Saudi Arabia set a new price in the U.S. 45 cents lower than November's level. Tradition Energy analyst Gene McGillian said the next technical level he's watching for WTI is $74 a barrel, and it's not clear how much further it will fall.
Oil lost more than 12 percent after OPEC's decision last Thursday.
"The market is still looking for a new equilibrium below $70 (a barrel), which is a little surprising given that with the current prices much of the shale oil production in the U.S., or part of it, will be unprofitable," Commerzbank analyst Eugen Weinberg said, pointing to the potential impact on investment in shale oil in the United States.
With oil prices losing about 40 percent since June, the impact is felt around the world as oil-producers from Iraq to Nigeria are revising 2015 budgets to reflect lower prices.
Iran refrained from protesting against OPEC's decision to retain its production ceiling to maintain group solidarity, even though the move will not benefit all members, Iran's oil minister said in local media reports.
Slower than expected growth in China's manufacturing sector may add further downward pressure on oil. China's official Purchasing Managers' Index (PMI) slipped to 50.3 in November, a government study showed on Monday, lower than analyst forecasts of 50.6.
"In the fourth quarter, oil markets have lost the support of both the invisible hand of the U.S. Fed and OPEC," Petromatrix analyst Olivier Jakob said, referring to the Federal Reserve's move to phase out monetary stimulus for the U.S. economy.
Saudi Arabia reportedly sees $60 as the level where prices will stabilize, after OPEC last week opted not to cut its production quota. U.S. oil futures were trading close to $66, nearly 40 percent off their June high, and Brent was just $69 per barrel Friday, trading lower after Saudi Aramco cut its January prices to Asia and the U.S. "The problem for OPEC is if they don't blink, and let's say they do shut down the rate of production growth in the U.S., and they get a price back to where they like it to be, U.S. production growth starts again," said Edward Morse, head of global commodities research at Citigroup. Morse said he expects oil prices to stabilize, but that the Organization of Petroleum Exporting Countries will likely be forced into taking action and could cut production in the April, May time frame when prices are seasonally weaker. Saudi Arabia can easily weather lower prices, but other OPEC members cannot. If OPEC does not cut, West Texas Intermediate could drop to about $58 per barrel.
Crude oil prices fell as much as 5 percent overnight after data underscored weak U.S. demand and Saudi Arabia reiterated that it has no plans to curb output. U.S. crude posted a modest rebound early on Thursday after the overnight tumble, gaining 26 cents to $61.20 a barrel after falling to a 5-1/2 year low of $60.43 on Wednesday. In addition to declining oil, concerns over the political situation in Greece have also dented appetite for risk assets.
As oil plunges, sell these stocks tomorrow Jim Cramer is witnessing a battle between the joy of consumers and the pain of the producers. On a day when the Dow Jones industrial average dropped 268 points, the agonizing screams of the producers won the battle. Squeaky wheel gets the grease, right? There is still some good news, though it seemed overshadowed Wednesday. Consumers are benefiting at the gas pump to the point where it is unbelievable how cheap gas is. That's like a free tax credit, right in your wallet. So, what happened? "Simple: We're just not importing cheaper goods from overseas for the moment, we're also witnessing the stress in their countries at the same time that some of our institutions are bearing the strain of our own domestic oil producers," Cramer said. These days, that stress has come a little too close to home. For the longest time, the oil producers were overseas in countries far away. Now, the gasoline going into your car could be produced and refined in the U.S. Thus, investors cannot close a blind eye to the stress of low oil prices. Additionally, there are countries that have borrowed a lot of money and now run a risk of default. Countries like Nigeria,Iran or Iraq may not be able to pay their bills. So, while there was positive news for the consumer on Wednesday, it was put down by the lurking dark shadows of the oil producers and countries under stress. Cramer warned that if oil does not stabilize soon and goes below $60, there will be more days where the producer's credit pain overwhelms the consumer's spending gains ahead. Buckle up, folks.
TOKYO (Reuters) - Asian shares got a lift on Friday after upbeat U.S. data suggested weaker oil prices are adding momentum to the American economy, though a continued slide in crude prices kept gains in check. U.S. crude futures (CLc1) continued to drop after falling below the key psychological support level of $60 a barrel for the first time in five years, and stood at $59.30 in Asia, down more than 1 percent on the day. Brent crude (LCOc1) continued its march downwards on Friday and dropped to a 5-1/2-year low of $63 a barrel, bringing this week's losses to more than 8 percent. It was last down 0.5 percent at $63.40. MSCI's broadest index of Asia-Pacific shares outside Japan edged up about 0.2 percent, though on track for a loss of over 2 percent for the week. Global crude prices have plunged in recent weeks on massive oversupply, raising fears that deflation could hit economies around the world. But data on Thursday showed that cheaper gasoline prices apparently helped U.S. consumer spending mark broad rises last month, and jobless claims also fell. One potential risk on the horizon got a temporary reprieve, when the U.S. Senate approved a two-day extension of government funding late on Thursday to stave off shutdowns of federal agencies that otherwise would have begun at midnight. Wall Street ended higher on Thursday, but Asian investors have mostly focused on the downside of lower energy costs, which dragged down equities here this week. "The relentless decline in oil prices continues to unsettle risky asset markets. Oil prices have fallen to levels last reached in mid-2009, as OPEC cut its demand forecast to a 12-year low despite lower prices, and U.S. crude inventories rose," Barclays strategists said in a note.
US stocks plunge as oil rout continues A rout in oil prices shook financial markets Friday, pushing stocks to their worst weekly loss in two and a half years. The stock market fell sharply as investors worried that slumping oil demand is signaling that growth outside of the U.S. is weaker than earlier thought. And while consumers and airlines will benefit from lower fuel prices, energy companies will see their earnings suffer. Some may even go out of business. "In a nation like the U.S. (as well as) Europe and most of Asia, the benefits of falling oil outweigh the costs," said Jeff Kleintop, Schwab's chief global investment strategist. "The concern is that there's something more to it, given such a sharp decline, that there's something deeper here." A rapid decline in crude hit stocks all week. Oil fell again Friday after the International Energy Agency said global demand grow less than previously forecast next year. The news drove crude down for the fourth day in five, leaving the price 12 percent lower for the week and well below $60 per barrel. Oil has now fallen 47 percent since reaching a peak of $107 in June this year. The last time oil prices were this low was when the U.S. economy was emerging from the Great Recession. "It looks as if oil is not through going down yet," said Jim Russell, a portfolio manager at Bahl and Gaynor, a wealth manager. "It's a concern for the market because it does signal probably some global growth weakness." Stocks were also hurt after a report showed that growth in factory output in China, the world's second-largest economy, declined last month. The data came after Chinese leaders affirmed their commitment to the "new normal" of slower growth as they try to steer China toward a more sustainable expansion based on domestic consumption.
NEW YORK (AP) — A rout in oil prices shook financial markets Friday, pushing stocks to their worst weekly loss in two and a half years. The stock market fell sharply as investors worried that slumping oil demand is signaling that growth outside of the U.S. is weaker than earlier thought. And while consumers and airlines will benefit from lower fuel prices, energy companies will see their earnings suffer. Some may even go out of business. A rapid decline in crude hit stocks all week. Oil fell again Friday after the International Energy Agency said global demand grow less than previously forecast next year. The news drove crude down for the fourth day in five, leaving the price 12 percent lower for the week and well below $60 per barrel. Oil has now fallen 47 percent since reaching a peak of $107 in June this year. The last time oil prices were this low was when the U.S. economy was emerging from the Great Recession.
why people selling cliq wa at below 15sen? exercise price is 0.50sen. if we buy at 0.10 sen and exercise it, one share would have cost us 0.60. two sen lower than what funds are buying the mother. if there is no deal to buyiing assets, than lagi untung. we get back 0.65 each share correct me if i am wrong...
Investors were nervous after U.S. shares posted their biggest weekly fall in 2-1/2-years last week on losses led by energy sector, and as they expect the U.S. Federal Reserve to hint this week it is getting closer to raising interest rates. U.S. crude futures (CLc1) fell more than 2.5 percent at one point to as low as $56.25 per barrel (CLc1) before rebounding. By late morning, they were up 1.3 percent. The world's energy watchdog late last week forecast even lower prices next year on weaker demand and increased supply, sparking a fresh waving of selling. Oil's relentless slide pounded stocks and currencies exposed to energy exports on Friday, dousing the appetite for riskier assets. Energy-exporting emerging market currencies were strained, with the Brazilian currency hitting a 9-1/2-year low (BRL=) and the Russian rouble hitting an all-time low (RUBUTSTN=MCX). The Indonesian rupiah (IDR=D2) fell to its lowest since August 1998.
@sheep: The main reason is the cliq warrent can only be converted to mother share after a concrete business is acquired and before any business is acquired, it is not allowed to convert.
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Posted by callme777 > 2014-10-07 09:06 | Report Abuse
U guys are holding cliq warrants are balls of steel