Posted by ruslimz > 2016-01-12 22:08 | Report Abuse

now better avoid any thing doing with oil

Posted by yamatotrading > 2016-01-14 08:24 | Report Abuse

i think there is no revision on the purchase price ?.. oil @ USD 30 now..

Posted by jacklintan > 2016-01-14 16:03 | Report Abuse

mind asking if Sona no more acquiring any other o n g companies, what happened next?

Posted by ktsk88 > 2016-01-14 16:43 | Report Abuse

http://www.oilandgascouncil.com/sites/default/files/files/asia-pac-report.pdf

Oil production cost is most effective lower in Asia Pacific region than rest of the world.

Even crude at USD31.00, the assets acquired by Sona deemed to still making profit if the above reports by the Energy Evaluator is true.

Posted by coolinvestor > 2016-01-14 17:11 | Report Abuse

the stag oilfield being bought by sona produces oil at a cost of roughly usd26 per barrel. Its in the news a while back

so i guess it will still make a profit especially since expense is in aussie dollars and revenue in usd and repatriate back in RM.

but 1 big question...who bought up the block of 26 mil shares from credit suisse?

Posted by jacklintan > 2016-01-14 18:22 | Report Abuse

ktsk88: Thank you for your feedback. Appreciate it. The thing is I'm still at loss with SONA @ 50 cts perlots. Been holding it for more than year. I attended the AFM last year too, and I saw many sad faces during the meeting.
Crude oil are expected to be $22 perbarrel at the lowest. Will the oil productions in cheaper costing areas will help in boosting the price of this stock to go out?
Eventhough with countless of buying from foreign INV company at the moment, what does it indicating?
Sona deemed to still making profit?

Posted by YC_Ma > 2016-01-15 12:19 | Report Abuse

no hope run!!!

Posted by jack2 > 2016-01-15 17:09 | Report Abuse

as cost of production is USD26, oil price USD30, gross profit USD4

Posted by jack2 > 2016-01-16 12:27 | Report Abuse

http://www.bloomberg.com/news/articles/2016-01-15/goldman-sachs-sees-oil-bull-market-being-born-in-today-s-crash

Goldman Sachs Sees Oil Bull Market Being Born in Today's Crash

Oil will turn into a new bull market before the year is out as the price rout shuts down sufficient production to erode the global glut, according to Goldman Sachs Group Inc.

The crash in U.S. oil futures -- which sank back below $30 a barrel on Friday to a new 12-year low -- will send the nation’s shale-oil boom spinning into reverse in the second half of the year, the bank said in a report. As U.S. production slumps by 575,000 barrels a day, global oil markets will tip from surplus to deficit, Goldman predicts.

“The key theme for 2016 will be real fundamental adjustments that can re-balance markets to create the birth of a new bull market, which we still see happening in late 2016,” analysts Jeff Currie and Damien Courvalin wrote

The market will signal it’s ready to rally when the forward price curve, which currently shows a steep discount on immediate commodity supplies, starts to flatten out, the analysts said. The end of that discount would demonstrate that there’s enough demand to whittle down oil that’s piled up in storage tanks, they said.

“A flat curve near cash costs is historically the buy signal for passive investors and we believe the current bear market will end the same way,” Currie and Courvalin said. “Such a signal is what will shift us to being bullish commodities.”

Goldman, which has warned that the oil market might not re-balance unless prices fall to $20 a barrel, forcing production cuts among shale operators, said this remains a possibility. Still, the $20 scenario remains an outlier rather than their most-likely case, and would only be realized if oil storage space runs out. As that’s unlikely, the bank said it’s sticking with its forecast of $40 a barrel for the first half.

Posted by jack2 > 2016-01-17 08:47 | Report Abuse

lets do some maths

I think this one will make good money when oil price recover to usd40, yes usd 40
if cost of production is usd26, gross profit is usd14 pb

assuming daily production remain 4800 for 300 days per year (assuming 300 production day a year, maybe shorter?), then convert to RM4.30
then minus operations cost, around rm10m per year (last year around rm5M). the net profit is massive and IRR is more than 15% as there is no loan

acquisition and due diligence cost is one-off expenses

I thought there is good profit when oil price recover to usd40

that is PBT bfore Ausies taxes. LOL assuming tax is 50%, then return around 8 - 10%?

opinion from you guys?

Posted by coolinvestor > 2016-01-18 12:36 | Report Abuse

sona is definately going to make a profit when the QA is approved. From zero revenue and profit suddenly to a full oil and gas company with producing rev n profit.

FRom a empty shell company to a full online company. The share price will surely go up from 0.44 How much up we will not know. but I believe at least 10%

Surely 10% is enough to make your simple profits?

Furthermore the share price has been steading around 44-44.5 cents for god know how long. This is the bottom price dy. there is no other way except up. So why are you guys still dilly delaying about buying it or not?

if you cant take the risk then do not invest at all. simple conclusion

btw i own some mother shares and warrants so invest at you own risk

Posted by callme777 > 2016-01-19 18:05 | Report Abuse

Will the QA be approved?

Posted by CLIQmanagement > 2016-01-19 19:38 | Report Abuse

best to hope for.. EGM will give us chance to redeem our money back

Posted by jack2 > 2016-01-19 20:05 | Report Abuse

oil price likely has bottomed according to Goldman Sachs, from usd27++, now usd29+++

Posted by IBInsider > 2016-01-20 10:00 | Report Abuse

why are the warrants at a 10% discount

Posted by taitaumau > 2016-01-20 10:10 | Report Abuse

Warrants can only be converted to share upon completion of QA (qualifying acquisition). So if QA can't be completed within the stipulated 3 years period from listing date (30/7/13) on or before 30/7/16, warrants is as good as toilet papers by then

Posted by IBInsider > 2016-01-20 10:27 | Report Abuse

im quite sure you can convert the warrants anytime you want into the mother share, except that it takes 10 trading days to do so. so it cant be the reason

Posted by jack2 > 2016-01-20 10:45 | Report Abuse

credit suize slurp another 2m shares today

Posted by callme777 > 2016-01-20 11:53 | Report Abuse

If vote against QA get back how much?

Posted by yamatotrading > 2016-01-20 13:12 | Report Abuse

big seller today @ 0.440.
must be credit suisse

Posted by hweechuan > 2016-01-21 09:35 | Report Abuse

taitaumau is right.

Posted by YC_Ma > 2016-01-21 13:37 | Report Abuse

No hope to get qa

Posted by yamatotrading > 2016-01-21 16:02 | Report Abuse

many selling 0.435 quietly..

Posted by jacklintan > 2016-01-21 17:58 | Report Abuse

No need to hold high hopes in any O&G counters even this is SPA counter.
Credit Suisse acquiring SONA does not help push up the price.

Posted by callme777 > 2016-01-21 18:19 | Report Abuse

If vote against QA get back how much? Anyone?

Posted by yamatotrading > 2016-01-21 18:26 | Report Abuse

0.45 + interest 3.15% x 3 years - corporate tax 25% = 0.4818..

Posted by callme777 > 2016-01-21 18:29 | Report Abuse

Tq

Posted by lly316 > 2016-01-21 21:27 | Report Abuse

26mil goes to Pacific Alliance Group..and now their share holding is more than CS!! Both total up is holding 20% now.. Hmm...

Posted by CLIQmanagement > 2016-01-21 22:03 | Report Abuse

top 20 shareholders average price is about 42-44 cents. Nothing to worry about.

Posted by jack2 > 2016-01-22 08:34 | Report Abuse

Pacific Alliance has 11.1%, Credit Suize 9.3%, what is the game plan?

Posted by jack2 > 2016-01-22 08:48 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4982713

Posted by jack2 > 2016-01-22 08:49 | Report Abuse

has oil price bottomed at usd27++
& now on recovery usd29++

Posted by yamatotrading > 2016-01-22 13:32 | Report Abuse

Hi All. I also double checked. top 25 shareholder consist of 56.23% of total issued shares, their cost are between 42-44 cents.
For your reference.

Posted by yamatotrading > 2016-01-22 13:33 | Report Abuse

Pacific Alliance cost is 44cents.

Posted by jack2 > 2016-01-22 14:29 | Report Abuse

oil price is bouncing back 30.60
likely bottomed at usd27++

Posted by jack2 > 2016-01-22 14:52 | Report Abuse

Pacific Alliance Investment Management Limited is a privately owned investment manager. The firm also provides advisory services to its clients. It manages investment funds for its clients. The firm invests in the public equity and fixed income markets of Asia. It also invests in alternative markets. The firm’s fixed income investments comprise of asset backed lending, distressed debt, and convertible bonds. It employs value strategy to make its investments. Pacific Alliance Investment Management Limited was founded in December 2002 and is based in Hong Kong with additional offices in Shanghai, China; Beijing, China; Hangzhou, China; Tianjin, China; and Hong Kong.

Posted by jack2 > 2016-01-22 14:55 | Report Abuse

Pacific Alliance is a foreign fund, buy here when RM/usd is low

Potential gain when RM and oil price recover.
low entry cost 44cts, if all hell turned bad, money back guarantee with profit of 9%

wise investment

Posted by jack2 > 2016-01-23 14:23 | Report Abuse

usd32.18
has oil price bottomed?

Posted by yamatotrading > 2016-01-23 19:57 | Report Abuse

Is Sona getting a good deal?...
But is not fulfilling SC requirement. That's the worry

Posted by coolinvestor > 2016-01-23 20:37 | Report Abuse

Is there an official statement from the sc saying that? Anyone seen that yet?

Posted by yamatotrading > 2016-01-24 01:44 | Report Abuse

SC requirement is to spend 80% of investor money for QA.
Buying this asset just use about 45%

Posted by coolinvestor > 2016-01-24 10:33 | Report Abuse

So this means stay away from this stock lo. Until got more clarification

Posted by coolinvestor > 2016-01-24 10:42 | Report Abuse

Sona already said to use the remaining 55% as expenses n extra stuff. This already means spending the whole money. Now I dunno about sc but I do know there's a new substantial shareholder in Sona. Pacific. U think these ppl are stupid to buy in Sona without some solid reason? Plus the money they spend are in millions compare to our pittance cash. If 2 funds actively keeps accumulating Sona shares since last year I think that's a good enuf reason to buy. They have more to lose than all of us. Worry too much u will miss the boat.

Good luck n enuf said

Posted by riaz > 2016-01-24 10:47 | Report Abuse

Well said coolinvestor.bravo

Posted by jack2 > 2016-01-24 11:54 | Report Abuse

those who worry day and night shud just sell and forget about it

I think sc approval will come very soon, in a month or so.

and when oil price recover to usd45-55, I bet this Pacific will hit jackpot

Posted by CLIQmanagement > 2016-01-24 18:16 | Report Abuse

hopefully as is like what you all say.. haha

Posted by coolinvestor > 2016-01-24 21:36 | Report Abuse

Hopefully can shoot up to rm1 like hibiscus! Then warrant holders will laugh all the way to the bank. But i honestly think will take time to go up to rm1. At least a year n the oil price recovers to about usd50 me thinks

Posted by jack2 > 2016-01-25 13:32 | Report Abuse

Oil climbs further on short-covering, Brent at over $32

By Reuters / Reuters | January 25, 2016 : 9:05 AM MYT


SEOUL (Jan 25): Crude oil futures extended gains in early Asian trade on Monday on short-covering demand, with both Brent and U.S. crude near $32.50 a barrel.

Oil prices surged 10 percent on Friday, one of the biggest daily rallies ever, as bearish traders who had taken out record short positions scrambled to close them, betting the market's long rout may finally be over.

Brent had climbed 33 cents a barrel to $32.51 as of 0037 GMT after touching $32.69 a barrel earlier the session. It settled at $32.18 a barrel in the previous session.

U.S. crude rose 15 cents at $32.34 a barrel, compared with its session-high of $32.64 and previous settlement at $32.19.

"A change in investor sentiment was the key factor, with speculative short positions in WTI falling from historically high levels the previous week," ANZ said in a note on Monday.

"Low crude oil prices continue to negatively impact high cost U.S. oil producers. Indeed, recent Baker Hughes data suggested U.S. oil explorers idled more oil rigs this week."

A massive snowstorm on the U.S. East Coast helped stoke demand for oil for heating, helping push up crude prices. While New York and Philadelphia were getting back to business, Washington was not ready after an historic storm dumped more than 20 inches (51 cm) of snow on the city and nearly three feet (1 meter) in surrounding areas.

Asian stocks gained early on Monday, relieved after seeing Wall Street rally on the back of a sharp rise in crude oil prices. The dollar was steady at 118.75 yen after surging 0.9 percent on Friday, when it touched a two-week high of 118.88.

Posted by yamatotrading > 2016-01-25 21:54 | Report Abuse

Sona acquisition per barrel cost ?

Posted by harta999 > 2016-01-26 10:32 | Report Abuse

when is the due date for QA?