RUSSIAN RATE-HIKE STUNNER Ruble drop unprecedented, oil to $30 Dennis Gartman of the Gartman Letter discusses how the Bank of Russia's raising of interest rates to 17 percent will impact the ruble, gold and oil. Russia just raised interest rates to 17% from 10.5%.According to a statement from Russia's central bank, Russia has taken its key interest rate to 17% from 10.5% in a stunning decision made after the collapse of the ruble on Monday.The Bank of Russia's statement said the decision was driven by the need to limit significant devaluation in the ruble and inflation risks. The announcement was made at 1 a.m. local time in Moscow.Last Thursday, Russia hiked rates to 10.5% from 8% in an effort to combat inflation, which rose 9.1% year on year in November.This surprise announcement from Russia comes after the ruble got absolutely crushed on Monday, losing more than 10% of its value against the US dollar, as the ruble fell to below 64 against the dollar on Monday; earlier this year, one dollar bought about 35 rubles. Russia's Micex stock exchange also fell by about 10% on Monday as the financial situation in that country continues to deteriorate amid the declining price of oil and the devaluation of its currency. And earlier this month, Russia's economy ministry projected GDP would contract by 0.8% in 2015. In other words, Russia is falling into recession.
Oil slides as Saudi Naimi tells market to forget OPEC cuts NEW YORK (Reuters) - Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price. After a weekend of comments from several Gulf OPEC members reiterating their intent not to intervene in oil markets despite oil prices that have halved since June, Ali al-Naimi told the Middle East Economic Survey it was "not in the interest of OPEC producers to cut their production, whatever the price is" - his starkest comments yet. U.S. crude's front-month contract (CLc1) settled down $1.87, or 3.3 percent, at $55.26 a barrel. It fell $2 earlier to a session low at $55.13. On Friday, U.S. crude finished up nearly 5 percent, the largest gain since August 2012, as some traders took profits on short positions after prices hit five-year lows. Brent (LCOc1) closed down $1.27, or 2 percent, at $60.11 a barrel after a session bottom of $59.84. Naimi also said the Saudis might boost output instead to grow their market share and that oil "may not" trade at $100 again. "The best thing for everybody is to let the most efficient producers produce," he told a conference in Abu Dhabi at the weekend. "The Saudis seem to be continuing with their game plan to shock prices lower by sticking it to the market that they will put more oil out if they have more customers for whatever price they are comfortable in selling," said John Kilduff, partner at New York energy hedge fund Again Capital. "It seems like an all-out strategy on their part to finish all the weak players in the market who can't survive at sub-$60 or even sub-$50 oil."
Oil prices fall more than $1, dropping to five-year lows NEW YORK (Reuters) - Crude oil prices on tumbled on Monday, with global grades settling down more than $1 a barrel after an early rally fizzled and prices fell to their lowest levels since May 2009. News of further damage Libya's oil infrastructure prompted the early rally that was quickly erased as pervasive fears of global oversupply trumped concerns about output curtailment from the OPEC producer. The number of rigs drilling for oil in the United States dipped in the latest week, data from oil services firm Baker Hughes Inc showed. But the count for U.S. oil rigs remained up from a year ago, indicating production would remain robust.
NEW YORK (Reuters) - Oil prices fell on Wednesday to a 5-1/2-year low and ended with their second-biggest annual decline ever, down by half since June under pressure from a global glut of crude. Just before the close, Brent and U.S. oil futures bounced off session lows. But prices still settled at their lowest since May 2009. Weekly U.S. data showed crude oil stockpiles fell more than expected, but inventories at the oil hub at Cushing, Oklahoma, grew, keeping prices depressed. Oil prices came under further pressure from a survey showing China's factory sector shrank in December for the first time in seven months. This should hurt energy demand in the world's No. 2 consumer.
Foreign funds sold RM535.2 million Malaysian equity last week KUALA LUMPUR (Jan 12): Investors classified as “foreigners” sold RM587.2 million of Malaysian equity in the first six trading days of 2015 on Bursa Malaysia, according to MIDF Research. In his weekly Fund Flow report today, MIDF Research head Zulkifli Hamzah said that after six trading days into 2015, the writing on the wall is not so auspicious for Malaysia, although he added that he would not interprete it as being ominous. He said that last week, foreign investors sold local equity in the open market (i.e excluding off-market deals) amounting to RM535.2 million net. He eplained that in the first six days, the net outflow was M587.2 million, higher than the corresponding period in 2014 of RM497.2 million.
mother share price (0.64) minus (-) warrant exercise price (0.50) = 0.14 ( warrant actual price now )..but its lower price 0.10....so guys , wait until below 0.10 then collect la........ , right ??
CLIQ Energy in RM433m Kazakhstan oil asset purchase Tuesday, 24 March 2015 BY: WONG WEI-SHEN
KUALA LUMPUR: CLIQ Energy Bhd will be buying a 51% stake in a special purpose vehicle (SPV) which owns and operates two oilfield blocks in Kazakhstan for US$117.3mil (RM433.4mil). CLIQ, which is a special purpose acquisition company (SPAC), is buying the stake from Phystech Firm LLP and plans to increase production at the oilfields by more than five times by 2020.
"We are looking to ramp up production from 1,400 barrels per day to 7,500 barrels per day in five year's time," said managing director and chief executive officer Ziyad Elias at a press conference on Tuesday. The company will enter into two agreements, one of which is a business transfer agreement (BTA) with Phystech to transfer the assets to the SPV.
Once the BTA is complete, the SPV will seek a listing on the Kazakhstan Stock Exchange, then only will CLIQ acquire the 51% stake in the SPV. It will also enter a subsurface use contract dated Sept 14, 2006 for the production of hydrocarbons at the two oilfield blocks.
CLIQ will satisfy the acqusition via US$90mil in cash and a deferred cash payment of US$27.3mil three years after the sales and purchase agreement (SPA) is completed. The company signed the conditional sale and purchase agreement with Phystech today.
If it receives the approval from the Securities Commission and shareholders, the acquisition will see CLIQ graduating from a SPAC to a junior independent exploration and production company.
Posted by Bilis Bilis > Mar 25, 2015 12:09 PM | Report Abuse X
@ALL 28bilis
Posted by Bilis Bilis > Mar 25, 2015 10:37 AM | Report Abuse X
Aiyoyo.....this is a (SHARK's ENGINEERED) very shrewd pull-back for mopping up of the t+4 force-selling in the morning......cheap BUY BUY BUY NOW!!!....CLIQ-WA
Posted by Bilis Bilis > Mar 25, 2015 11:52 AM | Report Abuse X
REMEMBER THIS : CLIQ-WA has provided a very CLASSIC example or case study or precedent for our defence strategy for a long long time to come WHEN:
1. the counter has fooled and trapped many many generations of hopeful buyers before...since may-july2013 @0.555-----the sharks is cruel cunning,ruthless and shrewd--they dont care a hoot about company's fundamentals,here--letting the company's financials rot (ROT) until now
2. the counter is suspended (March23)3,30pm BEFORE 4pm force-selling for that specific day
3.the counter is suspended with ONE additional day (for no required or necessary reason) so triggering ALL the t+3 and T+4 piling up (march 23 onwards)of into this morning force-selling
4. Reopening day(today) morning FIRST MINUTE(09.00.00) persistent and continuous (70 transations on the SAME SPLIT OPENING-SECOND ie 09.00.00) and heavy (first minute 09.01.00 35,606lots throw-down
5. At the bottom price (doji of 19March 0.165 -check your daily chart),hold down the 0.165 (buying price) by their own stationed-sellers of 26594lots(0.170) 15245lots(0.175) 12137lots(0.180) 11983lots(0.185)---this will FORCED ALL THE BEWILDERED/CONFUSED BILIS-BILIS to VOMIT/THROW the whole "kitchen n sink" back to them
6. This is the best of "MAO-SAN" mopping-up n MANIPULATION of weak n confused retail-market I have seen
Posted by Bilis Bilis > Mar 25, 2015 01:08 PM | Report Abuse X
Posted by menly > Mar 25, 2015 12:23 PM | Report Abuse
this Bilis Bilis guy must be very smart broker pujuk others selling. must want to corner market this guy aaa. Bilis Bilis u wanna buy tunggu 75 sen i kasi u semua. 20% profit i be very happy.
Your "menly"ness must be meaning "eyes and brain grown on the buttock"--ability to see the EXACT OPPOSITE OF THE REAL WORLD---go re-fit your eyes and brain back to where it's supposed to be (the head) then only check and read of bilis-bilis past-posts and use your "normal" brain to think what we have done so far...the 28bilis group...human organ functions is wasted on you....SAD SAD SAD ..........
(Bloomberg) -- Oil pared gains after a government report showed that U.S. crude inventories and production climbed to the highest levels in more than three decades. Crude supplies increased 8.17 million barrels to 466.7 million last week, the most in records compiled since August 1982 by the Energy Information Administration. A gain of 4.75 million was the median of eight analyst estimates in a Bloomberg survey. Futures advanced earlier as a falling dollar bolstered the appeal of commodities to investors.
Depressed Crude Oil Prices Keep the Oil Rig Count Down WTI crude oil price and rig counts Although the current rig count indicates a production lag, it’s important to keep in mind that the number of active oil rigs loosely follows prices. Oil producers tend to only increase the number of active rigs if crude oil prices make production profitable. When prices increase, rig additions may accelerate. When prices fall, rig additions may slow down. For the number of oil rigs to fall or show a clear downward trend, crude oil prices need to fall to levels that make drilling unprofitable. Although this kind of fall rarely happens, it does occur, as we saw following the 2008 financial crisis.
Yellen in SF, oil trade gets messy & biotechs hit a bump: What to watch The sudden bump higher in crude-oil prices (CLK15.NYM) in response to air strikes in Yemen and generally growing strike in the Middle East gave only the mildest lift yesterday to energy stocks. This is partly because the sector had outperformed nicely the day before in a weak tape. But it also suggests that stock investors surveying this sector refuse to extrapolate a geopolitically driven price hike as a real recovery trend for oil. The Market Vectors Oil Services ETF (OIH) is just about the rawest nerve in the stock market when it comes to responding to signals about crude oil prospects. It has lost a third of its value over six months, but zooming in more recently it has stabilized. The oil-services trade remains a messy one. Everyone well knows the abundance of oil hunting for storage, the soft demand picture in the emerging world, the fragile finances of many leveraged North American producers, the steady stream of secondary stock offerings from cash-strapped energy companies and the headwind of a stronger dollar. And yet the stocks are trying to find their footing. They’ve incorrectly front-run a sustainable recovery in crude prices before in recent months. At some point they’ll probably get it right.
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Posted by jasonor > 2014-12-15 16:53 | Report Abuse
cliq wa sudah mati