I think it will dip further tomorrow to 0.43 until majority of contra traders jump ship. It will rebound again next week. The cycle continue again and again but in an uptrend pattern. =)
OIL stock will rebound back because oil price still stay higher..IRAN let america stop export is good for oil price..whole world not only bursa other country also OIL stock hot..only for E&P stock..
Today will be great day...PNB focus only O&G is for future,because next exploration stock is O&G,currently O&G stock just a start,Oil price usd 70 and still got usd 30 for next uptrend to usd 100,IRAN getting stop export by trump and OPEC no cut production..after PNB creating FUND for public invest and taking the money invest into STOCKMARKET..SAPRNG,HIBISCUS,REACH this 3 stock is malaysia O&G E&P stock..this 3 brother stock will together bumping up to 2.000 above..
Get ready to invest in Reach Energy. Brent still above 80 pb. Reach make maiden profit when Brent was 65 pb with only 2900 bpd. Now even better. Oil production is 3900 bpd with Brent up
Hello. Sapura has 175% debt to equity.. debt of billions.. how u gonna pay the debt. Even najib stole billions our country also struggle to recover, imagine sapura? Gg
SAPRNG sure got debt,but holding project is 17billion and PNB interest to join it,PNB will trying to transform the company..dangerous stock and ppl more then scare will be more rebound..
I just said SAPRNG not other stock,a company Bad news bad Qr,after good news and good profit sure rocket up..alike reach lose profit 2 years,after taking profit 11m already from 0.240 to 0.460..
Noone wants to do business with low profit.. now company want to use money.. OnG had enough cheap oil price for many years.. time for them to shineee and earn kau kau
KUALA LUMPUR (Sept 28): Reach Energy Bhd's producing asset in Kazakhstan, Emir-Oil LLP, has obtained authority approval to commence the trial production period of the North Kariman field in Kazakhstan for 15 months.
In a filing with Bursa Malaysia today, Reach Energy said the 15-month trial production period will commence on Oct 1, 2018 to Dec 31, 2019.
The approval granted for the trial production period allows Emir-Oil to put the North Kariman wells on production, and this is expected to increase current oil production levels substantially.
Reach Energy said the approval of the trial production period for the North Kariman field provides a clear signal from the authority for the company to proceed with the processes required to obtain a new production contract for the field.
In its 2017 annual report, Reach Energy had stated that it had applied for extension of trial production for the North Kariman wells to the Ministry of Energy of Kazakhstan.
At 5pm today, Reach Energy shares closed unchanged at 44 sen, for a market capitalisation of RM562 million.
After trial production still wait for report...increases how much barrel still a surprise...suddenly up to 5000bopd also a miracle..after next QR will BUMPING UP
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....
ran777rpt
2,945 posts
Posted by ran777rpt > 2018-09-27 16:57 | Report Abuse
Yes yes