Posted by ProsperousRealm > 2018-10-29 15:39 | Report Abuse

Dow Jones & KL Composite Index have zero effect on profitability of oil company in Malaysia. Nil. Nought. Zilch.

So, no need to worry about either of them at all.

Posted by B4b4 > 2018-10-29 15:43 | Report Abuse

Hi BillyK, oil production in the last Qtr ie from April to May was 2885 bpd , in Jun was 3200 bpd , so average up about 3k , but in this coming Qtr ie from July to Sept the production has increased because the number of oil wells had increased.

Posted by VFTRADER > 2018-10-29 15:45 | Report Abuse

Relax, crash in DJ is almost over or over by end Oct.
So cool down a bit wait for some news from the market before Xmas holidays.

Normally big international fund will slowly pick up their lovely shares when the vol is damn low in Dec before Xmas holidays.

NJOY

Posted by GrowingRich > 2018-10-29 15:53 | Report Abuse

November 4 just around the corner now. It also happens to be a Sunday. So, only four trading days away.

Posted by B4b4 > 2018-10-29 16:24 | Report Abuse

Nov 4 ....Iran sanctions.....Nov 6 ...mid term election for US....Lets wait it out. Anyway Brent above 70 pb plus forex at 4.18 now....Reach make good profit

Posted by MoneyAndHoney > 2018-10-29 16:24 | Report Abuse

And don't forget the northern winter. You can feel the cool beginning already, even in Malaysia.

Posted by KLCI Going Holland > 2018-10-29 16:25 |

Post removed.Why?

Posted by GoldenHarvest1 > 2018-10-29 16:29 |

Post removed.Why?

Posted by B4b4 > 2018-10-29 16:29 | Report Abuse

Reach is on shore drilling hence Reach does not have any worry about decommissioning cost of old rigs

Posted by B4b4 > 2018-10-29 16:30 | Report Abuse

The best news so far is the discovery of Yessen 3 oil wells as reported by the CEO recently

Posted by SaveMsiaFromPHGov > 2018-10-29 16:36 |

Post removed.Why?

Posted by WhiteCapital > 2018-10-29 16:37 | Report Abuse

Fly to Holland? kikiki

Posted by SaveMsiaFromPHGov > 2018-10-29 16:51 | Report Abuse

Why not, WC. Yep, the real Netherlands, not the negative metaphorical Holland perennially inhabiting your hopelessly pessimistic mind.

The real Amsterdam. Where lovely tall, shapely, blonde Dutch girls parade around for your benefit in glass walled showrooms. Wud be a cool place to visit, after I hv made my truckloads of profit with Reach.

And where wud you be that time? Crying regret tears in your old dark dingy fungus infested room.

Posted by WhiteCapital > 2018-10-29 16:51 | Report Abuse

Don't cry when your capital vanish ya

Posted by DreamConqueror > 2018-10-29 17:11 | Report Abuse

Stay strong, hold firm, all brave Reach soldiers. We're winning the battle.

Don't back down. Stand your ground.

Don't fear. Don't fray.

Don't shake. Don't break.

Winners never whine. Whiners never win.

Posted by CoolBull > 2018-10-29 17:22 | Report Abuse

Wonder how much loss, in total, the cut-loss specialists have been cutting.

Posted by SaveMsiaFromPHGov > 2018-10-29 17:33 | Report Abuse

'Cut-loss specialists'? Ha ha ha. Well, that is a very positive sounding new expression, dude.

Truckloads, quite likely. But that's okay for them. Those guys just enjoy living a life making losses. Whoops! I mean, 'cutting' losses.

Posted by WealthSoWonderful > 2018-10-29 17:54 | Report Abuse

LOL

Posted by Nicholasming91 > 2018-10-29 18:16 | Report Abuse

LOL

Posted by SuperPanda > 2018-10-29 18:50 |

Post removed.Why?

Posted by SuperPanda > 2018-10-29 19:11 |

Post removed.Why?

Posted by pang72 > 2018-10-29 22:49 |

Post removed.Why?

Posted by Bapaklangkau > 2018-10-29 22:59 |

Post removed.Why?

Posted by Nicholasming91 > 2018-10-29 23:37 | Report Abuse

Que 0.20 lah pang

Posted by RiverOfSilver > 2018-10-29 23:41 | Report Abuse

Brent still holding above 77

Posted by acadi > 2018-10-30 00:16 | Report Abuse

I have to give a hands up to SuperPanda for showing the reality of thr oil market,Reach company has more oil concessions distributed in various places.

Posted by acadi > 2018-10-30 00:26 | Report Abuse

lets us stay for cohgervan

Posted by FortuneBlooming > 2018-10-30 01:00 | Report Abuse

Another possible consequence of Kashoggi incident. This one rarely cited, so far. Saudi people at large could begin feeling angry toward Saudi monarchy. Beginning with Kashoggi's immediate family.

Resentment could spread nationwide. Potentially quite dangerous, politically. Becos can rather easily flare up into people's uprising or rebellion. All it takes is one or two fiery orators to stoke things & emotions up, and one or two further minor incidents.

One way for Saudi govmt to counter this, make oil price rise, so Saudi govmt obtain more revenue to share with the rakyat, thereby making them forget about Kashoggi.

Posted by Nicholasming91 > 2018-10-30 05:40 | Report Abuse

Trump is crazy

Posted by pang72 > 2018-10-30 07:29 | Report Abuse

Posted by Nicholasming91 > Oct 29, 2018 11:37 PM | Report Abuse

Que 0.20 lah pang

THIS IS SMART INVESTOR.
YOU GOT MY FULL SUPPORT TIDAY!

Posted by WhiteCapital > 2018-10-30 07:36 | Report Abuse

More trade war, China will buy from Iran in the end

Posted by pang72 > 2018-10-30 07:43 | Report Abuse

China support Iran sanction because he got cheaper oil source .happy

Posted by WhiteCapital > 2018-10-30 07:44 |

Post removed.Why?

Posted by WhiteCapital > 2018-10-30 07:45 |

Post removed.Why?

Posted by Nicholasming91 > 2018-10-30 08:02 | Report Abuse

Today market red la trump is the new financial crisis lol

Posted by Turnaround > 2018-10-30 09:10 | Report Abuse

Drop gao gao, buy gao gao

Posted by Turnaround > 2018-10-30 09:10 | Report Abuse

Next round recover earn gao gao

Posted by B4b4 > 2018-10-30 09:28 | Report Abuse

Stay cool and relax. No worries...just buy and keep...

Posted by B4b4 > 2018-10-30 09:34 | Report Abuse

Hibi and Sapura dropped badly with high volume but Reach is still holding very very well since only a few throwers. This coming Qtr in Nov, based on my calculations, Revenue is RM 77M and profit is RM 20m

Posted by samuel > 2018-10-30 10:11 | Report Abuse

B4b4 with your calculation, what will be the estimated EPS?

Posted by SuperPanda > 2018-10-30 10:28 |

Post removed.Why?

Posted by SuperPanda > 2018-10-30 10:29 | Report Abuse

of course should come with preparation

Posted by KLCI Going Holland > 2018-10-30 10:30 | Report Abuse

just that 20m profit divide by number of outstanding shares and you get EPS

Posted by Nicholasming91 > 2018-10-30 10:41 | Report Abuse

Superpanda i thought u are reach supporter

Posted by KLCI Going Holland > 2018-10-30 10:43 |

Post removed.Why?

Posted by Ziko Ro > 2018-10-30 10:58 | Report Abuse

Touch green now!!

Posted by Ziko Ro > 2018-10-30 11:11 | Report Abuse

Swalow 38 one go

Posted by Jeffrey Ng > 2018-10-30 11:11 | Report Abuse

brent oil above 77 now...

Posted by PresidentRotiCanai > 2018-10-30 11:14 | Report Abuse

many reach supporter. happy to see. hehehehehe

Posted by Turnaround > 2018-10-30 11:28 | Report Abuse

Love reach, love life