for past few months...folks buy barakah hoping for white knight to appear...strong talks bout going PN17...but i hardly follow it nowadays and with the strong oil momentum, maybe it has found a turn around (??)
my personal view : stay away...many other better oil stocks to play around.
one thing dont understand!! how can a company making profit buy the share price keep going down? also, when the brent oil keep increase, and why the stock price still continue going down? Must be something happening in between... esp the OG Market in Malaysia now.. somekind of policy happen???
Posted by Jeffrey Ng > Oct 5, 2018 10:51 AM | Report Abuse
one thing dont understand!! how can a company making profit buy the share price keep going down? also, when the brent oil keep increase, and why the stock price still continue going down? Must be something happening in between... esp the OG Market in Malaysia now.. somekind of policy happen???
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The profit not come from oil. Is came from Foreign Gain/Loss :)
its all abt sentiment mah.. anything can happen. even 40c also possible. already 100% up and retrace 10-30% is normal.
if hits 44, it will test your nerve. if you out of capital then your nerve will start to shrink
and then when it drop more turning your profit from green to red, there where you cannot tahan and cut loss ______________________________ Microbilis 44 can get at 85 brent?could be big shark here if happen
It is merely a healthy correction currently. Just remember that even if oil stay at current price, 85 USD, Reach still can make lots of money. Reach has the potential to ramp up production to 5000 bpd and further to 12000 bpd when central processing facility is completed in the near term. Reach has bigger oil reserve compared to Hibiscus and a massive gas reserve, which has yet to be extracted to preserve the value.
Salient excerpts #1: "But it's definitely not the end of the bull market," Schulze said. "In order to see the end of the bull market, you need to see the US go into a recession. We have an economic dashboard at Clearbridge, 12 variables that have done a very good job of foreshadowing an economic downturn. Out of the 12 variables, only one of them is flashing any type of caution."
Salient excerpts #2: "The underlying strength of the economy is still healthy. The overall level of interest rates is still quite low. If anything, we're surprised that it took so long for us to get a 3, 5 per cent correction in the market," said Evan Brown, New York-based director of asset allocation on the investment solutions team at UBS Asset Management, which oversees $US776 billion.
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....
B4b4
7,593 posts
Posted by B4b4 > 2018-10-05 09:38 | Report Abuse
Brent at rangebound 75-85pb ,Reach will make a handsome profit.