At the rate EPF is selling the price will remain depressed. Don't hope to control. Just buy 10 % after every 10% downward adjustment in price. Oil have to go up to USD 30 to 40 dollars at least by end of year.
how long those shale / most oil companies can survive with this oil price? 2 months? 6 months? Any idea? Setting a cut loss price before it go further to bankruptcy like Hin Leong Trading!
EPF sold 2.5 million shares on 20/04/2020, sold 33 million shares on 21/04/2020, sold 30 million shares on 22/04/2020 ... 23/04/2020 ? 24/04/2020 ? 27/04/2020 ? ...
Definitely worth to hold, I have hold some too. But the only worries is whether Velesto can tahan and not going PN17, if it can tahan, 3x earning shouldn't be any issue.
Oil prices will average $23/b in the second quarter of 2020, but increase to $30/b in the second half of the year. The average will be $33/b barrel for 2020, down from $64/b in 2019. Prices will rise to $46/b in 2021. Demand for oil has plummeted since the onset of the coronavirus pandemic.
U.S COMPANY Caravan Capital Management LLC OWNING ARBB COMPANY SHARES 18,496,151(6.30%), GOOD NEWS GUYS! DON'T SAY BOJIO, ITS SAPU ARBB 7181 SHARES TIME!
don't think they can sustain for 3-6 months with crazy loss biz and bankruptcy, we don't like shale got government pump in money!! Run and keep your cash well!!
EPF sold 2.5 million shares on 20/04/2020, sold 33 million shares on 21/04/2020, sold 30 million shares on 22/04/2020, sold 20 million shares on 23/04/2020 ... 24/04/2020 ? 27/04/2020 ? 28/04/2020 ? ...
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....
JoshuaMS7
4,309 posts
Posted by JoshuaMS7 > 2020-04-27 16:44 | Report Abuse
Run!! All related oil counters collapsed today onward!!