Posted by Mary552 > 2014-12-26 17:36 | Report Abuse

Please believe my son forecast ability ! If you people don't believe me, I have nothing to say !

Posted by nice1 > 2014-12-26 18:24 | Report Abuse

Saudi Arabia’s 2015 budget is probably assuming an oil price of $80 a barrel, and will be seen as a sign of confidence in the market, according to a former economic adviser to the country’s government.
The assumption is down from $103 a barrel for this year, John Sfakianakis, who used to be chief economic adviser to Saudi Arabia’s Ministry of Finance, said by phone after the budget was announced yesterday. The world’s biggest crude exporter set 2015 spending at 860 billion riyals ($229 billion) with revenue falling to 715 billion riyals from 1.046 trillion riyals in 2014, the Finance Ministry said. Oil accounted for 89 percent of its 2014 revenue.
Brent oil tumbled into a bear market this year as the U.S. pumped the most crude in more than three decades, leading the United Arab Emirates Energy Minister Suhail Al Mazrouei to urge producers from outside the Organization of Petroleum Exporting Countries to trim output. Iraq, the second-biggest producer in OPEC, said this week its 2015 budget is based on $60 oil.
“Everyone was expecting to see a budget built on a price around $60 but that would have sent a negative message to the oil market,” Sfakianakis said from Riyadh. “With a fiscal break even price of $80 a barrel, the government is sending a message to the market that we are expecting to see a rebound in oil prices.” Sfakianakis is Middle East director at London-based Ashmore Group Plc.
Boosting Demand

Saudi Arabia is confident that crude prices will rebound with global economic growth boosting demand as high-cost producers cut back, Oil Minister Ali Al-Naimi said on Dec. 21. “I’m 100 percent sure prices will go up, they have no other direction but to go up.”
Brent fell 2.4 percent on Dec. 24 to $60.24 a barrel after a government report showed U.S. crude inventories increased the most in two months. Stockpiles climbed 7.27 million barrels in the week ended Dec. 19 as imports surged, the Energy Information Administration said.
Saudi Arabia has 265 billion barrels of oil reserves, with production of 9.65 million barrels a day in November, according to data compiled by Bloomberg. Iraq, the second-biggest producer, was pumping 3.35 million barrels.
OPEC’s decision to maintain output at its Nov. 27 meeting in Vienna fanned speculation that Saudi Arabia and other members want North American shale drillers and other producers outside the group to be the first to cut production. Saudi Arabia and Iran this month cut the official price levels of their main light crude grades for sale to Asia to the lowest in at least 14 years.
Surging oil prices over the past decade helped Saudi Arabia boost its net foreign assets to a record 2.9 trillion riyals in October, according to central bank data. - http://www.bloomberg.com

Posted by nice1 > 2014-12-26 20:33 | Report Abuse

http://www.bloomberg.com/news/2014-12-26/oil-trades-near-56-as-saudi-budget-seen-as-sign-of-confidence.html

Oil traded above $60 a barrel amid concern about Libyan supply after government forces struck Islamist militias close to the nation’s largest terminal at Es Sider.

Posted by nice1 > 2014-12-26 20:34 | Report Abuse

http://www.bloomberg.com/news/2014-12-25/saudi-arabia-seen-by-former-adviser-assuming-80-oil.html

Posted by callme777 > 2014-12-30 10:58 | Report Abuse

Zzzzzzzzz

Posted by michael_lee > 2014-12-30 13:32 | Report Abuse

wonder what is hadian up to now. So long already still no news

Posted by nice1 > 2014-12-30 14:00 | Report Abuse

don't worry too much, Haidan is the captain of the ship. if no good deal done, he and his partners are the biggest loser, lost every cent of their investment in sona. that is the good part

Posted by michael_lee > Dec 30, 2014 01:32 PM | Report Abuse

wonder what is hadian up to now. So long already still no news

Posted by nice1 > 2014-12-30 14:05 | Report Abuse

They also need to protect their investments


Posted by nice1 > Dec 30, 2014 02:00 PM | Report Abuse X

don't worry too much, Haidan is the captain of the ship. if no good deal done, he and his partners are the biggest loser, lost every cent of their investment in sona. that is the good part

Posted by michael_lee > Dec 30, 2014 01:32 PM | Report Abuse

wonder what is hadian up to now. So long already still no news

Posted by uiepoo > 2014-12-30 20:56 | Report Abuse

i guess hadian having holiday in bangkok thailand.....

Posted by jacklintan > 2014-12-31 16:33 | Report Abuse

SONA been dragging for quite sometime. I wonder why they take so long to rise the price.

Posted by Abudance > 2015-01-01 19:07 | Report Abuse

Sad it's stuck in d mud!

Posted by Ven Felix > 2015-01-01 19:12 | Report Abuse

Humble idea is, spot your nxt winner and swap from Oil Spac counter. Unless you want to keep it as FD.

Posted by is861001 > 2015-01-01 20:38 | Report Abuse

any chance to up this counter?

Posted by CLIQmanagement > 2015-01-02 18:29 | Report Abuse

very quiet counter...

Posted by derrickinvestor > 2015-01-04 22:03 | Report Abuse

no chance to up

Posted by easymoney > 2015-01-04 22:39 | Report Abuse

no chance to up, so any chance to down?...I have been waiting for so long already please drop....hahaha

Posted by samchongks > 2015-01-05 12:34 | Report Abuse

Strong support..... r u coming?

Posted by michael_lee > 2015-01-05 14:19 | Report Abuse

King of stock. Why still no super hot show??? Where is your king shark???

Posted by uiepoo > 2015-01-05 15:19 | Report Abuse

sign of hadis is back from thailand holiday. sona green today.

Posted by callme777 > 2015-01-05 16:55 | Report Abuse

Anybody heard anything?

Posted by Jun Clj > 2015-01-06 07:10 | Report Abuse

Crude oil is continue to drop. Less than usd50 now.

Posted by AhSook AhKou > 2015-01-06 07:14 | Report Abuse

Should cash rich as their other investment been sold in London but trading revenue looks dim !! I am afraid this is a long term play .......

Posted by samchongks > 2015-01-06 09:16 | Report Abuse

Cheaper oil & gas asset is waiting :-) U hv to decide ur risk n opportunity

Posted by seanteoh > 2015-01-06 09:41 | Report Abuse

Asian markets open sharply lower amid oil fears
Wall Street declined overnight following the relentless fall in oil prices. Energy stocks led a broad decline on Wall Street overnight, as crude prices dropped to fresh five-and-a-half-year lows amid concerns about growth beyond the U.S.
Read More This week's market watch list: China, Australia data Keeping an eye on Greece Political uncertainty in Greece has raised fears of a Greek exit from the euro zone. The country announced snap general elections for January, with Syriza, the far-left opposition party which has vowed to overthrow the onerous terms of Greece's international bailout, likely in the lead. Along with bets on quantitative easing by the European Central Bank, the euro tumbled to its weakest level since June 2010 on Monday. In early Asian trade, the currency was quoted at $1,193 to the dollar.

Posted by sheep > 2015-01-06 12:13 | Report Abuse

sona ...sona ...sona ...sona ...sona ...sona ...sona ...sona ...sona ...sona ...sona ...sona ...sona

...sona ...sona ...sona ...sona ...sona ...sona ...sona ...sona ...sona ...sona ...sona ...

Posted by limfcmichael > 2015-01-06 12:22 | Report Abuse

suddenly up to 0.42...something brew?

Posted by pisangkuat > 2015-01-06 12:30 | Report Abuse

Brew before hurricane sweep the entire kampung

Posted by BURSATIPS > 2015-01-06 12:59 | Report Abuse

Lai liao...tighten ue seat belt

Posted by king of stock > 2015-01-06 13:02 | Report Abuse

Haha special weapon...

Posted by LKWWGP > 2015-01-06 13:12 | Report Abuse

already can't c the road liao.........

Posted by The One > 2015-01-06 13:27 | Report Abuse

Be careful chasing a sudden rise without any reasonor news during this bad sentiments time. Gudluck everyone.

Posted by 2015v > 2015-01-06 13:37 | Report Abuse

oil price down, sona up
something brewing?
true or not

Posted by foxyj > 2015-01-06 13:40 | Report Abuse

The One based on past record, once the news released this counter confirm die

Posted by prc4wifefe > 2015-01-06 13:43 | Report Abuse

in BFM interview, Hadian said roughly 1 month from Nov 25..

Posted by marihom > 2015-01-06 13:49 | Report Abuse

Lol oil price drop ...ini sona mau goreng lagi

Posted by 2015v > 2015-01-06 14:03 | Report Abuse

what's up

Posted by Jun Clj > 2015-01-06 14:15 | Report Abuse

God come to help sona.

Posted by The One > 2015-01-06 14:19 | Report Abuse

Rumour.. PetGas now becoming cheap.. Sona is considering.. buy buy buy!!!

Oppss.. sorry.. just kiddin' ya.. :D

Posted by BURSATIPS > 2015-01-06 14:35 | Report Abuse

all in before too late,buy..buy..buy...

Posted by AhSook AhKou > 2015-01-06 14:37 | Report Abuse

Indeed BUY BUY b4 OTW 0.50 !!!

Posted by SahamKing666 > 2015-01-06 14:50 | Report Abuse

i think will reach 5.00 by tomorrow.. BUY BUY!

Posted by BURSATIPS > 2015-01-06 14:52 | Report Abuse

0.500 close 1 eyes..haha

Posted by AhSook AhKou > 2015-01-06 14:52 | Report Abuse

Ahhhhh , Saham, u r now talking out or yr dream lahhhhhh

Posted by ahdi > 2015-01-06 14:53 | Report Abuse

found new company to acquire like hibcus ?

Posted by 2015v > 2015-01-06 14:54 | Report Abuse

thanks god

Posted by Jun Clj > Jan 6, 2015 02:15 PM | Report Abuse

God come to help sona.

Posted by king of stock > 2015-01-06 14:54 | Report Abuse

Just now i just add more sona-wa 800lot between 12sen-13sen

Posted by 2015v > 2015-01-06 14:55 | Report Abuse

kos, what is the target

Posted by AhSook AhKou > 2015-01-06 14:56 | Report Abuse

For sure ton of cash coming in to Sona but not sure it will pass on to shareholders ???

Posted by 2015v > 2015-01-06 15:07 | Report Abuse

http://www.theedgemarkets.com/my/article/energy-crisis-early-2016-oilpricecom

KUALA LUMPUR (Jan 6): Incredible as it may seem, in the present scenario of tumbling oil prices amid a supply glut, current low oil prices may well be a prelude to global oil shortage as early as 2016, according to Oilprice.com.

In an opinion piece Dec 30, Energy Prospectus Group president Dan Steffens said: “For a commodity as critical to our standard of living as oil is, it only takes a small shortage to drive up the price.”

Currently there is just 2 percent more crude oil supply than demand and the price of gasoline is under US$2 per gallon in Texas.

“If oil supply falls too far, we could see gasoline prices doubling within 18 months, he said

Posted by gopiwira > 2015-01-06 15:21 | Report Abuse

Cash so that they can acquire new company