Posted by sharewiz118 > 2020-09-13 20:23 | Report Abuse

Brent Crude Oil Price
39.83 -0.57% = deep shit - nobody would dare invest in Oil and Gas counter

Posted by Valgrovest > 2020-09-14 11:36 | Report Abuse

Oil price cannot stay low forever...it has to go back up again when economic activities normalise and demand for oil surge !

Posted by Xia YiDao > 2020-09-15 21:12 | Report Abuse

ridgetan
Haha If Can Believe Professional Like You,
Sure Bankrupt.

Posted by ThePowerOfGlove > 2020-09-16 11:55 | Report Abuse

No movement at all

Posted by ThePowerOfGlove > 2020-09-16 11:55 | Report Abuse

Lagi tidor juga kah

Posted by ThePowerOfGlove > 2020-09-16 11:56 | Report Abuse

Still hibernating juga kah

Posted by ThePowerOfGlove > 2020-09-16 11:56 | Report Abuse

What la

Posted by ThePowerOfGlove > 2020-09-16 11:57 | Report Abuse

Apa daah

Posted by ThePowerOfGlove > 2020-09-16 11:57 | Report Abuse

Don't know when going to wake up

Posted by ThePowerOfGlove > 2020-09-16 11:58 | Report Abuse

No idea

Posted by ThePowerOfGlove > 2020-09-16 12:00 | Report Abuse

No clue at all

Posted by BearishTrend > 2020-09-17 07:05 | Report Abuse

Hope bullish my velesto to 16cts

Posted by yingzhe17 > 2020-09-17 08:02 | Report Abuse

Counter bumi ini tak ada power.

Posted by Valgrovest > 2020-09-17 08:26 | Report Abuse

Brent price increased back to USD42....all O&G counters are expected to jump up today!

Posted by Sepolcmd > 2020-09-17 22:18 | Report Abuse

Bullish tomorrow

Posted by tkl88 > 2020-09-18 07:12 | Report Abuse

Oil rises 2%, reverses loses as OPEC+ addresses market weakness
Jessica Resnick-Ault
THU SEP 17, 2020 / 3:13 PM EDT

https://www.google.com.my/amp/s/mobile.reuters.com/article/amp/idUSKBN26804N

Nymex=>at $40.97 (+$0.81) (+2.02%) !
Brent=> at $43.30 (+$1.08) (+2.56%) !

NEW YORK (Reuters) - Oil prices rose more than 2% on Thursday, turning positive as OPEC and its allies said the producer group would crack down on countries that failed to comply with output cuts and planned to hold an extraordinary meeting in October if oil markets weaken further.
After falling early in the session amid bearish jobs numbers and a ramp up in Gulf of Mexico oil output following Hurricane Sally, crude benchmarks reversed course to gain on the day, bolstered by comments from OPEC.
"Although no amendments to the current supply-cut deal have been proposed by OPEC+ today, the producers group gave the impression that it does not sweep troubles under the carpet," said Rystad Energy's Head of Oil Markets, Bjornar Tonhaugen.
Brent oil futures extended gains to settle up $1.08 or 2.56% at $43.30 a barrel. U.S. crude futures settled higher by 81 cents, or 2.02% at $40.97 a barrel. Both contracts rose more than 4% on Wednesday.
The panel of major producers, including Saudi Arabia and Russia, did not recommend any changes to their current output reduction target of 7.7 million barrels per day (bpd), or around 8% of global demand, according to a draft press release and an internal report.
The panel pressed laggards such as Iraq, Nigeria and the United Arab Emirates to cut more barrels to compensate for overproduction in May-July, while extending the compensation period from September to the end of December, according to three OPEC+ sources.
"They were coming down hard on the UAE," said Phil Flynn, senior analyst at Price Futures Group in New York. The expectation that output could fall as the UAE and others trim production bolstered prices, he said.
The OPEC news overshadowed the restart of U.S. offshore production after Hurricane Sally passed through the Gulf of Mexico and bearish U.S. economic news.
U.S. energy companies were starting to return crews to offshore oil platforms in the Gulf of Mexico after Sally halted operations for five days, shutting down nearly 500,000 bpd of output.
Prices were also under pressure from the slow economic recovery from the pandemic.
Global coronavirus cases are expected to pass 30 million on Thursday, according to a Reuters tally.
The U.S. Labor Department's report showed the number of Americans filing new claims for unemployment benefits fell last week, but remained at extremely high levels as the labor market recovery shifts into low gear and consumer spending cools.
Even OPEC+ cautioned that the pandemic could continue to curb demand. An OPEC+ technical panel warned that a rise in coronavirus cases in some countries may curb oil demand despite signs of economic recovery and initial indications of a decline in oil stocks, according to an internal document seen by Reuters.

Posted by Valgrovest > 2020-09-18 08:26 | Report Abuse

https://www.theedgemarkets.com/article/oil-rises-2-reverses-loses-opec-addresses-market-weakness

Posted by KAQ4468 > 2020-09-18 10:38 | Report Abuse

peewwwiittttttt

Posted by IronShirt > 2020-09-18 11:48 | Report Abuse

https://oilprice.com/Energy/Energy-General/The-High-Cost-Of-Decommissioning-Oil-Platforms-In-The-North-Sea.html

Petronas can give alot job on de-commissioning rig

Posted by KAQ4468 > 2020-09-18 11:50 | Report Abuse

cantekkkkkkkkkkk

Posted by KAQ4468 > 2020-09-18 11:50 | Report Abuse

0.135 kasi hantam la

Posted by KAQ4468 > 2020-09-18 11:51 | Report Abuse

next 12 months above 30 cents

new wife coming

hahahaha

Posted by NPRA1985 > 2020-09-19 17:14 | Report Abuse

hello which is best oil counter. armada, sapura, knm, hibiscus or velesto?

Posted by Sepolcmd > 2020-09-19 18:26 | Report Abuse

Velesto

Posted by ThePowerOfGlove > 2020-09-19 18:32 | Report Abuse

Up 3.85%

Posted by ThePowerOfGlove > 2020-09-19 18:32 | Report Abuse

Sudah okay la

Posted by ThePowerOfGlove > 2020-09-19 18:33 | Report Abuse

Boleh juga la

Posted by ThePowerOfGlove > 2020-09-19 18:33 | Report Abuse

Klu ten times up 3.85% sudah jadi 38.5%

Posted by ThePowerOfGlove > 2020-09-19 18:34 | Report Abuse

Banyak juga tu

Posted by ThePowerOfGlove > 2020-09-19 18:34 | Report Abuse

Very good

Posted by ThePowerOfGlove > 2020-09-19 18:34 | Report Abuse

Excellent

Posted by ThePowerOfGlove > 2020-09-19 18:34 | Report Abuse

Well done

Posted by ThePowerOfGlove > 2020-09-19 18:35 | Report Abuse

Congratulations

Posted by ThePowerOfGlove > 2020-09-19 18:35 | Report Abuse

Keep up the good work

Posted by Valgrovest > 2020-09-22 09:24 | Report Abuse

World oil prices rebounding strongly.......

Posted by linheng > 2020-09-24 09:16 | Report Abuse

Why so active today

Posted by paktua73 > 2020-09-26 20:20 |

Post removed.Why?

Posted by tkl88 > 2020-09-27 11:37 | Report Abuse

Good news, perikatan nasional has won the Sabah election by 38 seats out of 73 seats !
So that our politic will be stable for another 3 years till 2023 election !

Posted by tkl88 > 2020-09-27 11:37 | Report Abuse

It’s good for our economy, like that next week KLSE will be spike up like mad already !

Posted by tkl88 > 2020-09-29 00:05 | Report Abuse

Wow, Dow Jones spike up to sky high !
As at 11.53pm,
Dow Jones at=> 27,665.15 (+491.19) (+1.81 %) !

Posted by Macgyver11 > 2020-09-29 19:40 | Report Abuse

Velesto will move up when Petronas credit them with new projects until then, if got extra cash just collect loo..

Posted by ashmira > 2020-10-01 23:07 | Report Abuse

Wait more and all in at 7-9 sen.

Posted by Infiltrader > 2020-10-02 17:23 | Report Abuse

Waiting at 0.08. Come to papa

Posted by tkl88 > 2020-10-05 12:24 | Report Abuse

Budget 2021 expected to be expansionary Monday, 21 Sep 2020
By DALJIT DHESI
https://www.thestar.com.my/business/business-news/2020/09/21/budget-2021-expected-to-be-expansionary

PETALING JAYA: Budget 2021, which will be tabled in November, will be expansionary though narrower than Budget 2020, with economists projecting a budget deficit of 4% to 6% next year.

The government, they said, would need to revitalise the economy with appropriate measures due to the uncertainties arising from the Covid-19 and the weak global economy, which has caused many nations to fall into recession.

The World Bank expects Malaysia’s fiscal deficit to gross domestic product (GDP) to widen to 7% this year, underpinned by increased expenditure and downward pressure on revenue. The government, however, expects the fiscal deficit to be at 5.8% to 6% this year.

Economists expect the government to look into some core areas to ensure Malaysia is on the right track to achieve economic sustainability post-pandemic.

Socio-Economic Research Centre executive director Lee Heng Guie told StarBiz that the federal government is torn between managing a tight fiscal space and keeping the country’s sovereign rating intact.

"In our view, the government should go for another year of fiscal deficit targeted at public spending and programmes as well as the provision of tax incentives and allowances to boost private investment, creating jobs and income.

Posted by tkl88 > 2020-10-05 12:28 | Report Abuse

Yes, pre-budget 2021 bull market is coming !
Budget 2021 will be unveiled on Nov 6 !
So, now onwards O & G theme will be super bullish !

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-10-06 00:09 | Report Abuse

Wow, oil price spike up like mad !
As at 12.03am,
Nymex=> $39.25 ‪(+2.20) (+5.94%) !‬
Brent=> $41.35‪ (+2.08) (+5.30%) !‬

Posted by tkl88 > 2020-10-06 08:21 | Report Abuse

‪Walaoeh ! ‬Dow Jones continue it’s bull run by‬
‪spike up 400 over points !‬
Dow Jones closed at=> 28,148.64 (+465.83) (+1.68 percent) !

Posted by Valgrovest > 2020-10-06 09:00 | Report Abuse

Should be up today...oil prices up

Posted by FooLK7789 > 2020-10-06 22:14 | Report Abuse

Oil and gas counters will have show very soon..it t May suddenly spike up till u may not able to chase then downturn again like glove counters

Posted by char1234 > 2020-10-06 22:39 | Report Abuse

oil needs to be at USD 50 to see oil counter flying ....next year