Posted by Franklim1989 > 2018-09-21 06:44 | Report Abuse

Today market sure rebound,yesterday dow jones index up +660..USD drop to 93.89..

Posted by B4b4 > 2018-09-21 06:45 | Report Abuse

Oil price is very good because of strong global demand, inventories at record lows, the coming Iran sanctions and geopolitical instability. Naturally, all the og stocks will make more profit !

Posted by Nicholasming91 > 2018-09-21 08:33 | Report Abuse

As i know winter they will use more oil and gas to produce energy. Demand will increase end of the year

Posted by Jeffrey Ng > 2018-09-21 08:42 | Report Abuse

https://oilprice.com/Energy/Crude-Oil/Iran-We-Wont-Let-OPEC-Boost-Production.html?utm_source=browser&utm_medium=push_notification&utm_campaign=PushCrew_notification_1537502573&_p_c=1

Posted by Jeffrey Ng > 2018-09-21 08:43 | Report Abuse

is this a good news or bad news? Trumph trying to push the oil price down...

Posted by Franklim1989 > 2018-09-21 08:51 | Report Abuse

Trump want to push oil price down is long story..now IRAN export the oil to China is using CNY ady...not USD..America currently is production the O&G bigger then Saudi Arabian ady..but still cannot control the oil price yet...

Posted by Jeffrey Ng > 2018-09-21 09:28 | Report Abuse

oil price down, every O&G will follow down... time to restock more in..

Posted by Franklim1989 > 2018-09-21 09:30 | Report Abuse

Taking profit day..

Posted by Jeffrey Ng > 2018-09-21 09:34 | Report Abuse

as usual... every friday is profit taking day...

Posted by jordanmaggie61 > 2018-09-21 09:49 | Report Abuse

Strong momentum time to invest now.

Posted by godhand > 2018-09-21 09:56 | Report Abuse

sell volume is low

Posted by Turnaround > 2018-09-21 10:27 | Report Abuse

Buy low to collect

Posted by Nicholasming91 > 2018-09-21 10:29 | Report Abuse

Yea. Aiya who also know friday is profit day 1 la.. sure drop 1 many

Posted by B4b4 > 2018-09-21 10:44 | Report Abuse

Small profit taking is normal and healthy. Stay cool and relax. Cheers

Posted by B4b4 > 2018-09-21 11:35 | Report Abuse

Brent price very stable in the upper quartile of 70-80 pb.

Posted by darksoul > 2018-09-21 16:05 | Report Abuse

koyak liao... run!!!

Posted by EngineeringProfit > 2018-09-21 16:05 | Report Abuse

(Sold ady)

Posted by Jeffrey Ng > 2018-09-21 16:16 | Report Abuse

please sell more... i going to collect more...

Posted by B4b4 > 2018-09-21 16:22 | Report Abuse

Run?, Relax....stay cool

Posted by yusopa > 2018-09-21 16:33 | Report Abuse

not collect yet...wait untill drop little bit ma...drop drop drop...hahaha

Posted by Jeffrey Ng > 2018-09-21 16:36 | Report Abuse

Reach only will go higher... drop lil consider cheap price to get in liao...

Posted by yusopa > 2018-09-21 16:45 | Report Abuse

sure right....let see monday...if can.in for second time

Posted by afifi > 2018-09-21 16:56 | Report Abuse

brent oil up ,,,
get ready for test 80

Posted by Jeffrey Ng > 2018-09-21 17:02 | Report Abuse

brent oil coming back up to 79 soon... those didnt get .39 might not able to get it next week already... cheers

Posted by Franklim1989 > 2018-09-21 17:27 | Report Abuse

OMG..reach just start to hot RUN??but if urgent to use money RUN nvm..if invest you run is wrong...

Posted by nicchooi > 2018-09-21 17:50 | Report Abuse

Brent gonna hit $79 sooner or later
https://markets.businessinsider.com/commodities/oil-price

Posted by param54 > 2018-09-21 22:23 | Report Abuse

all o & g related co.going to move up. 3rd quarter oil and gas play

Posted by B4b4 > 2018-09-22 10:40 | Report Abuse

In 2016, Brent price 30-55. In 2017, the price is 45-70. In 2018, Brent is rangebound 65-80. Lately, Brent is very stable at 78-80

Posted by B4b4 > 2018-09-22 10:53 | Report Abuse

In 2019, ???

Posted by B4b4 > 2018-09-23 07:53 | Report Abuse

https://sputniknews.com/business/201809221068248823-oil-prices-spike-saudi-iran/

Posted by stockraider > 2018-09-23 12:09 | Report Abuse

Alot of people can reach fly ??

U check the oil price ??

It has started to fly loh....!!

Posted by YLR33 > 2018-09-23 17:23 | Report Abuse

After take into consideration of higher production, lower production and logistic cost per barrels, the net profit after deducted for minority interest
quarter profit production (bpd)
1Q2019 RM 1m 5000 bpd
2Q2019 RM 1m 5000 bpd
3Q2019 Rm 8m 12000 bpd
4Q2019 Rm 8m 12000 bpd
total 18m for full year 2019

operating breakeven at more than 4000 bpd with higher depreciation cost and higher Brent come with higher taxes other than income tax per barrel

Posted by B4b4 > 2018-09-23 18:39 | Report Abuse

Reach make profit. That is the maiden profit

Posted by ran777rpt > 2018-09-23 19:25 | Report Abuse

Opec’s leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out today any immediate, additional increase in crude output. —Reuters pic

Posted by Run Bull > 2018-09-23 21:29 | Report Abuse

Tomorrow RE can go to 0.43c - 0.45c

Posted by Patrick > 2018-09-23 22:23 | Report Abuse

https://www.cnbc.com/2018/09/21/oil-industry-needs-to-invest-11-trillion-to-meet-demand-opec.html

Posted by darksoul > 2018-09-24 01:00 | Report Abuse

Why can go 0.43? Have good news?

Posted by B4b4 > 2018-09-24 07:27 | Report Abuse

Yes, Reach can go upwards simply because of 2 reasons. 1. Increasing oil production in Reach from 2900(last Qtr) bpd to 3900 bpd this coming Qtr, 2. Brent oil from 65 pb (last Qtr) increased to average 75 this coming Qtr.

Posted by freddiehero > 2018-09-24 07:34 | Report Abuse

overbuy

Posted by Fundamental123 > 2018-09-24 08:45 | Report Abuse

First main factor , there must be at USD70 or above per barrel for crude oil and oil production of this company at higher such as 4,500to 5,000 barrel per day ;

Secondly, borrowing cost of its 60% owned subsi need to be reduced by repayment by good mgt following more earning from higher price of the oil :) believe that these are carried out smoothly in next year.

Posted by B4b4 > 2018-09-24 09:19 | Report Abuse

Reach and Hibi are both EP oil stocks. One is offshore and the other is onshore and both are good

Posted by B4b4 > 2018-09-24 10:25 | Report Abuse

Brent oil price now is just a fraction away from 80. With geopolitical instability, soon oil will hit 100 pb

Posted by B4b4 > 2018-09-24 10:40 | Report Abuse

Reach Energy is good for long term investors. Just buy and keep and wait till CPF is completed by 3Q 19, then oil production will increased to 12,000 bpd. The small debts payable to its corporate shareholder is very small ie only USD 44 m

Posted by B4b4 > 2018-09-24 13:56 | Report Abuse

Brent oil now is 80.06 pb. 90 pb, can or not?

Posted by Franklim1989 > 2018-09-24 14:01 | Report Abuse

Oil price today very strong..Oil stock will rebound by afternoon..hope

Posted by Franklim1989 > 2018-09-24 14:39 | Report Abuse

REACH after profit taking,now start to going up..

Posted by B4b4 > 2018-09-24 14:40 | Report Abuse

Reach will soon be the leader of OG stocks.

Posted by Nicholasming91 > 2018-09-24 14:46 | Report Abuse

Frank why u buy the stock almost same like me haha. I also have vizione and reach

Posted by B4b4 > 2018-09-24 14:48 | Report Abuse

Reach has ZERO BANK BORROWINGS, so no need to worry about any bank cash call like

Posted by Franklim1989 > 2018-09-24 14:56 | Report Abuse

Nicholasming91,yalor..u also same with me..I only invest this 2 stock..haha