Soon oil is expected to be less demand when the world going for green technology electric car, Europe by 2025,china by 2035 compulsory no more combustion and pollution, many refineries close down just as oil rigs close down, no worries about servicing oil rigs and platform.
Oil is not just an energy source for transportation. It's usage is much wider. Many refineries closed down because their margin is thin but they need to continuously invest for upgrade. That's why shell sold the refinery to Heng yuan.
Very worried supplied crude oil worldwide increase tremendously killing small scale production company and close down more oil rigs as happened in 2015.A repeat of oil supply vs demand escalating and close further oil exploration company. Thoughtful mind that can't avoid sad sad episode in the radar
Umwog will have their Q4 result announce later this month. Should have good sets of data. Q1 18 is already better then Q4 thus far as per oil price is concerns.
Dow future now 300pts, explosive open tonite. Breached 1000pts gain. Those sold off today will be ghosting here, telling sad story about their FD raided by EPF
Qr will spike up the price a little bit in mu opinion... surely impairment loss will be reduced and revenue will be generated more due to rising oil price during the respective period
when you dig something it is free how to make loss? even market price low you still make profit. all the loss is due to director salary n expenses too high only
Lol.... there is something called amortization, depreciation and impairment that must be accounted in profit and loss in order to calculate profit/loss ... Yes ... dig for free ... how about their costs ? Operating cost? Simple business operating oso duno LOL
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....
Hustle
3,615 posts
Posted by Hustle > 2018-02-09 14:10 | Report Abuse
With current strong usd pretty sure it will left 30 per barrel, still remember at year 2008 while usd 3.90 our ron97 only sell 1.50/liter