SONA PETROLEUM BERHAD

KLSE (MYR): SONA (5241)

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Last Price

0.475

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


37 people like this.

21,560 comment(s). Last comment by beatme 2018-04-30 11:12

dragonfruits

1,285 posts

Posted by dragonfruits > 2014-12-12 09:35 | Report Abuse

But son expired date on 2018?

alex2012

612 posts

Posted by alex2012 > 2014-12-12 09:39 | Report Abuse

if no QA son expired with mother at June 2016

dragonfruits

1,285 posts

Posted by dragonfruits > 2014-12-12 09:59 | Report Abuse

Lama lagi,0.05 good buy

Ant

1,504 posts

Posted by Ant > 2014-12-12 10:44 | Report Abuse

they would simply give back the money to investor....

Posted by michael_lee > 2014-12-12 11:14 | Report Abuse

2nd week of Dec. Going to 3rd week already. Where the hell is the egm announcement???!!! Useless people

Posted by king of stock (raja saham) > 2014-12-12 11:23 | Report Abuse

Add more sona-wa between 12sen-13sen

dragonfruits

1,285 posts

Posted by dragonfruits > 2014-12-12 11:25 | Report Abuse

Beli 1 biji 1 biji, untill it go to 0.05

Posted by king of stock (raja saham) > 2014-12-12 11:28 | Report Abuse

No I buy min 500lot

Ring

6,522 posts

Posted by Ring > 2014-12-12 13:05 | Report Abuse

The Economist magazine-extract: Supporting both lines of Shale n crude oil there will be winners n losers but on a net basis its a good news for global economy.40% price drop motorist in US r spending only Usd800 as compared to Usd3000= 2% pay rise.Tks to to sluggish world prices due to creation of 20,000 new wells in North Dakota n Texas using manic drilling since 2010 more then 10 times of Saudi which boosted by 3rd to nearly 9m barrels/day that is short of just of 1m b/d as compared to Saudi output.The contest between Shalemen n d Sheiks have tipped d world from a shortage to oil off to a surplus.Big net importers like India,Japan n Turkey r enjoying d big windfalls.Global GDP shd rise,will reduce low inflation still further. the Federal reserve will out off raising interest rates for longer.The European Central Bank will act boldly to ward off deflation by buying sovereign bonds. There will be loser oil producing countries whose budget depend on high prices r in particular trouble.Nigeria has been forced to raise interest rates n devalued d Naira.Venezuela looks ever loser closer to defaulting in its debts.The spectre of defaults n the speed scale pr plunged led to unnerved financial markets but d overall economic effect of cheaper oil is clearly positive.Just how positive will depend on how long d pr stays low.That is d subject of continuing tussle between Opec n Shale.Saudi wants to let d pr fall n put high cost producers out of business.That should soon crimp supply causing pr to rise.there r sign that shakeup is already there.The share prices of shale Co have been swooning. Many gone into debts even b4 d start of falling prices since most were investing in new wells, bankruptcy is likely since Shale wells r short lived n any slowdown in investment will quickly translate into falling production but in d long d industry seems assured.

Ant

1,504 posts

Posted by Ant > 2014-12-12 15:46 | Report Abuse

add no son.

Jun Clj

1,094 posts

Posted by Jun Clj > 2014-12-12 15:47 | Report Abuse

Die loh, warrant new low record 0.115. Damn mother no drop why warrant keep dropping?

alex2012

612 posts

Posted by alex2012 > 2014-12-12 15:49 | Report Abuse

wa is closing to my tp 0.05...

alex2012

612 posts

Posted by alex2012 > 2014-12-12 15:50 | Report Abuse

i sold all my wa at 0.215 a few weeks ago...will buy back at 0.05...

Posted by michael_lee > 2014-12-12 15:58 | Report Abuse

Stupid warrant. Curse those ppl who keep pushing it down

Posted by michael_lee > 2014-12-12 16:12 | Report Abuse

Hows the negotiation with salamander??? How come still no comments frm hadian till now. Useless shit

alex2012

612 posts

Posted by alex2012 > 2014-12-12 16:24 | Report Abuse

aiyoyo...another new low...

alex2012

612 posts

Posted by alex2012 > 2014-12-12 16:25 | Report Abuse

looks like nobody dare to catch the wa already...

Jun Clj

1,094 posts

Posted by Jun Clj > 2014-12-12 16:27 | Report Abuse

Poor Christmas for this year. For this coming Christmas, I will become beggar and to to church beg for food and money.

easymoney

626 posts

Posted by easymoney > 2014-12-12 16:28 | Report Abuse

I am buying wa at 0.110....hahaha

easymoney

626 posts

Posted by easymoney > 2014-12-12 16:29 | Report Abuse

premium is very acceptable, worst case no QA I convert to mother still good lor....hahaha

Jun Clj

1,094 posts

Posted by Jun Clj > 2014-12-12 16:29 | Report Abuse

Really hate those shits keep pushing down warrant. 0.110 already. KOS please do something.

Ant

1,504 posts

Posted by Ant > 2014-12-12 16:31 | Report Abuse

hu hu... fear created, retailer will rush to sell...
how low they want to press... god only know.

alex2012

612 posts

Posted by alex2012 > 2014-12-12 16:33 | Report Abuse

easymoney, if no qa, wa cannot convert one, it become 0...go read the prospectus...

alex2012

612 posts

Posted by alex2012 > 2014-12-12 16:34 | Report Abuse

if can convert i wont sell already lo...

Posted by king of stock (raja saham) > 2014-12-12 16:34 | Report Abuse

Buy more wa between 11sen-12sen

easymoney

626 posts

Posted by easymoney > 2014-12-12 16:35 | Report Abuse

sure or not alex2012....I thought can convert anytime?

alex2012

612 posts

Posted by alex2012 > 2014-12-12 16:38 | Report Abuse

cannot...confirmed...

alex2012

612 posts

Posted by alex2012 > 2014-12-12 16:39 | Report Abuse

dont play play ah...know your risk...

Posted by CLIQmanagement > 2014-12-12 16:39 | Report Abuse

@easymoney, im very damn worried about you. You seems dont understand the SPAC, and the warrant.

Ant

1,504 posts

Posted by Ant > 2014-12-12 16:50 | Report Abuse

KOS, buy more today, but down even more, die liou.....

easymoney

626 posts

Posted by easymoney > 2014-12-12 16:50 | Report Abuse

ops...sorry my mistake didn't actually into wa... yes can only covert once QA completed... no need so damn worried about me..... waitng for the mother to drop then find the son attractive so bought some...anyway, if sell still make money...hahaha

Posted by michael_lee > 2014-12-12 16:57 | Report Abuse

How come the mother share didn't falllll????? So damn unfair

easymoney

626 posts

Posted by easymoney > 2014-12-12 17:03 | Report Abuse

So far someone very keen to support the mother lor....

nice1

819 posts

Posted by nice1 > 2014-12-12 17:17 | Report Abuse

strong support for mother share, guess must be some big funds buying, Norges??

Posted by king of stock (raja saham) > 2014-12-12 17:19 | Report Abuse

Don't worry if wa down more can add because sona boss not yet out special anno...

dragonfruits

1,285 posts

Posted by dragonfruits > 2014-12-12 17:22 | Report Abuse

Son might drop to 0.05 and go back to 0.35

Iching88

537 posts

Posted by Iching88 > 2014-12-12 17:43 | Report Abuse

wah ka ka ka ka....buy more buy more.

Ant

1,504 posts

Posted by Ant > 2014-12-12 23:49 | Report Abuse

Salamander Energy plc rise again....

jaya888

16 posts

Posted by jaya888 > 2014-12-13 01:06 | Report Abuse

Most of the o&g counter dropped...but SONA up !!!

Stockker

289 posts

Posted by Stockker > 2014-12-13 06:53 | Report Abuse

Will Sala come after Sona to please complete deal? I am sure there are a lot of cheap assets now.

skybursa

1,483 posts

Posted by skybursa > 2014-12-13 08:40 | Report Abuse

Sona already in debts . Buying assets that worth little now. Stock price will fall below 0.30 soon

gopiwira

159 posts

Posted by gopiwira > 2014-12-13 08:42 | Report Abuse

Cheap asset only the one that production cost is above current oil price. Salamander asset is still good since it is below production cost. Ophir asset should be cheap because their production cost now is above current oil price. Ophir is going to bye bye soon. OPEC is letting the oil price to settle at real market value. They are not worried. Especially Saudi with production cost of only $5 per barrel. Ophir wells can go into production again but when. Salamander paying power now is weaker. They need the money fast. If oil is below $40 Petronas maybe bye bye also.

For me. If the deal is success, it is still a good buy.

The with gold. When the price top, people started to dig mines that were not very productive with high cost. Now they Closed.the mines again since there is no more profit.

Cost per barrel. Thailand Malaysia $40, Africa $70, Saudi $5

Posted by profit profits > 2014-12-13 11:09 | Report Abuse

luckily sona did not buy salamander. with cash in hand now sona can go for better bargain.

Posted by profit profits > 2014-12-13 11:17 | Report Abuse

Gopiwira, from where u get Saudi cost is $5 ? TQ for sharing.

Posted by saddiqsepakraga > 2014-12-13 11:18 | Report Abuse

@profit, yeaa...cash in hand now, but but the value is depreciating fast due to stronger dollar!!

nice1

819 posts

Posted by nice1 > 2014-12-13 11:24 | Report Abuse

i never read of oil production cost US$5, just plain BS

lowest i read is around US$25 to US$30 up to high side of US$60 to US70

Shale oil is above US$60

i guess the oil price will go down to below US55 due to speculation and short selling before stabilise above US60

nice1

819 posts

Posted by nice1 > 2014-12-13 11:28 | Report Abuse

every crisis, there is opportunity too

Abudance

2,211 posts

Posted by Abudance > 2014-12-13 14:29 | Report Abuse

Look est historic. Piece for oil was usd50.

gopiwira

159 posts

Posted by gopiwira > 2014-12-13 16:26 | Report Abuse

Some even said $2 per barrel.

http://www.marketwatch.com/story/opec-is-wrong-to-think-it-can-outlast-us-on-oil-prices-2014-12-02.

Saudi pump the oil like we pump water from our well

Ring

6,522 posts

Posted by Ring > 2014-12-13 16:40 | Report Abuse

The Economist magazine-extract: Supporting both lines of Shale n crude oil there will be winners n losers but on a net basis its a good news for global economy.40% price drop motorist in US r spending only Usd800 as compared to Usd3000= 2% pay rise.Tks to to sluggish world prices due to creation of 20,000 new wells in North Dakota n Texas using manic drilling since 2010 more then 10 times of Saudi which boosted by 3rd to nearly 9m barrels/day that is short of just of 1m b/d as compared to Saudi output.The contest between Shalemen n d Sheiks have tipped d world from a shortage to oil off to a surplus.Big net importers like India,Japan n Turkey r enjoying d big windfalls.Global GDP shd rise,will reduce low inflation still further. the Federal reserve will out off raising interest rates for longer.The European Central Bank will act boldly to ward off deflation by buying sovereign bonds. There will be loser oil producing countries whose budget depend on high prices r in particular trouble.Nigeria has been forced to raise interest rates n devalued d Naira.Venezuela looks ever loser closer to defaulting in its debts.The spectre of defaults n the speed scale pr plunged led to unnerved financial markets but d overall economic effect of cheaper oil is clearly positive.Just how positive will depend on how long d pr stays low.That is d subject of continuing tussle between Opec n Shale.Saudi wants to let d pr fall n put high cost producers out of business.That should soon crimp supply causing pr to rise.there r sign that shakeup is already there.The share prices of shale Co have been swooning. Many gone into debts even b4 d start of falling prices since most were investing in new wells, bankruptcy is likely since Shale wells r short lived n any slowdown in investment will quickly translate into falling production but in d long d industry seems assured.

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