Avoid O&G pure upstream player... Institute investor trying fried up and down to pair down their loss.. Seadrill from USD 15 to USD 3.3. This company should value at Rm 0.8, and only can predict huge amount of depreciation after this company brought so many new rigs without drilling contract.
tp 1.1 soon will reach.... today chart form very good bullish which is sustain above 0.96... at last minutes, big eat at 0.965 about 7k lots...can look at umwog c3 also
bro zhuge liang, oil price being spike up to 42 and having a slightly decline for a healthy profit taking occur. based on chart, umwog show bullish trend with standing above 0.95 and believe soon will reach its previous resistance for 1.05. double bottom form on the recent trend which indicated a strong reversal for an uptrend. if look deeply into price action and volume, a big absorb of more than 7k lots at price 0.965 when last minutes the market close. believe accumulation will over soon, u can check the crude oil pirce movement at investing.com( current price is positive)
. Yes, back to oil market fundamental - demand/supply. Oil price EXTREMELY volatile prior to Doha meeting. Cost averaging...downward, please and go for long position.. I am still holding and collecting some oil counters when price down.. May be, next week, time for collection!! Good Luck!
KUALA LUMPUR: CIMB Equities Research is retaining its reduce rating for UMW Oil and Gas as the outlook for jack-up rigs is weak.
It said on Tuesday it is reviewing its target price of 38 sen based on 9.7 times calendar year 2017 (CY17) price-to-earnings (P/E) – a significant reduction from the last traded price of 91 sen.
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....
armadasaxon
883 posts
Posted by armadasaxon > 2016-03-17 10:01 | Report Abuse
Dun buy now..read the sun newspaper today..they r restructuring their debt