Brent oil price has been above 80 pb for the past 4 days. Now it is at 82.12 pb. Many analyst said oil will hit 100pb by year end. However, at this present rate, Reach will make profit with good revenue too. As long term investors, oil above 70 pb is good enough.
Profit taking with small volume is normal in any stock trading. However, the long term investors will see the value of Reach in the future especially when the CPF is completed and 12000 - 20000 bpd is achieved. Coupled with good oil prices and strong global demand, Reach will move up
A diamond in the rough, for sure. While the oil traders are now seeing US$100 oil in their sights. Possibly US$90 in 4th quarter, rising to US$100 in 1st quarter of next year.
Edge Markets even more bullish, predicting US$100 oil by end 2018.
Well, you know some people. They're simply not interested & not appreciative when something is cheap & moving slowly. They only get crazy & excited when that thing is already very high priced & galloping like a stallion.
Well, be my guest, they all. But by that time I would already hv been the host.
@dreampredator... of cos i will to drop more... so that i can enter more.. everytime red i will get in littlt... this is a potential stock.. as long as brent oil keep going up.. no worry to buy at any time... early buy early gain, when see red of cos happy..
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....
drgondrong
135 posts
Posted by drgondrong > 2018-09-26 23:17 | Report Abuse
America is world’s biggest oil producer