EdenofSaudi has a point. They did consider the underlying risks but just that. Velesto has 2.1b order book compare to 0.4b the year before. And look at their net profit. These investment banks are jokes. Im raising my TP to 0.25 from 0.2 a week ago
Petronas won't cut production so fast since oil price recover now. They will sit and wait see if oil price continue climbing up. Cut production now meaning next few months income loss for them.. Aminvest think Jack up drilling rig no need time to find the best spot and survey and recruit team.. and deploy? Not to mention sign up a deal with Velesto and the time in between.
IB want to sell down to collect lower... But today should close 17 cents. QR profit then they lower TP.... Hahaha loss making companies they gave higher TP....
Expects Brent oil average price to $39 by 3Q, $48 by 4Q. Expects the oil market to move into a deficit from June through 3Q20 onwards. The U.S. Henry Hub prices should surge above $3/MMBTU this winter through the middle of 2021.
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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....
char1234
5,299 posts
Posted by char1234 > 2020-05-21 11:42 | Report Abuse
0.395 exercise value one for one