That import GST for moving a drilling rig from a tax free area to the drilling area within Malaysia has always been paid by the oil company, which is then claimed as input tax by the oil company. This amendment has no benefit to drilling companies at all.
Some talking oil will crash to 10...I nearly fall down from d chair. Simply close their eye and talk s****. What do u think end of the world? Anyone dig a hole in front their house also can get oil? There are fix expenses will definitely cost more than 10. If cant even sell above 10 to cover the fix expenses who want to do the biz? Some more so many oil rigs company close down from the high of 1600+ to just below 200-300 in US....u think all will collapse the end? This is common sense analysis If u know charting...then u see how long is the correction cycle for crude oil? It is a 10 yrs cycle down from 2007-2016...Now u have to face it...Crude oil will slowly trending up next few yrs to 80-100 b4 big surge to above 147+...No one able to change the nature movement...U just to have ask the creator. Many O&G stock now selling at super duper cheap kangkong price. Still scare to buy? History will repeat itself they will fall in love again after stock surge 5-7x...just like what happen to steel stock now.
Just keep it for 1-2 weeks. We can see it will up more than 40c.. After that move to other counter. Do not falling love with one counter only if you are trader. Its different story if you are investor or main shareholder.
crude oil 1st wave up from 26+ to 56..then 3rd wave from 42+ to what level? Min equal to 1st wave lo...42+56-26=72...What happen to 3rd wave extension? Ha..120 also possible...
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....
rijack88
1,008 posts
Posted by rijack88 > 2017-10-27 17:59 | Report Abuse
* GST exemption for O&G firms that import rigs, floating structures from Jan 1