With gearing reduced to 0.5 after the whole exercise, this company looks attractive, only if oil does not go below USD40. Otherwise, no job and no profit.
@offshore No need to include warrants in share price calculation. It is free and act as bonus to subscribe RI. Lets say you have 10000 shares now. You will need to subscribe 28000 RI (RM8,400) to get 7000 warrants for free. Total shares then become 38000 (with adjusted price) + 7000 warrants. Then depend on warrant price, that's your bonus
Oil price cap at US$55 max will not helps O&G to recover in few years time. The Russia and Saudi may want higher price as they need the money. It seems that Saudi is planning (or foolishly thinking) war with Iran. Maybe to shock the oil market?
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....
labu83
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Posted by labu83 > 2017-05-05 08:54 | Report Abuse
Murah2