julian chandiah, a director and shareholder of cliq also has shares in sona i guess he doing the same investment as credit suisse, either way he can still make on the mother shares
don't think sona has any QA anytime soon, give it another few months, perhaps by jun/july hope is not assets from Azerbaijan, Uzbekistan or anywhere in Rusia - or else no different from sumatec and cliq
The shale oil boom that pushed U.S. crude production to the highest level in four decades is grinding to a halt.
Output from the prolific tight-rock formations such as North Dakota’s Bakken shale will decline 57,000 barrels a day in May, the Energy Information Administration said Monday. It’s the first time the agency has forecast a drop in output since it began issuing a monthly drilling productivity report in 2013.
Deutsch Bank AG, Goldman Sachs Group Inc. and IHS Inc. have projected that U.S. oil production growth will end, at least temporarily, with futures near a six-year low. The plunge in prices has already forced half the country’s drilling rigs offline and wiped out thousands of jobs. The retreat in America’s oil boom is necessary to correct a supply glut and rebalance global oil markets, according to Goldman.
“We’re going off an inevitable cliff” because of the shrinking rig counts, Carl Larry, head of oil and gas for Frost & Sullivan LP, said by phone from Houston on Monday. “The question is how fast is the decline going to go. If it’s fast, if it’s steep, there could be a big jump in the market.”
dont think really matters with agm, directors always goreng some feel good stories for all, just as usual, like politics, play for the crowds of the day
what matters is whether they can get a quality qa at good price or else all are farked
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....
nice1
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Posted by nice1 > 2015-03-28 14:14 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1915969
credit suisse acquired another 3.6m shares