Posted by DreamConqueror > 2018-11-02 16:46 | Report Abuse

That's why la, fall back some more. Becos Jeffrey Ng crying in public on the screen.

Posted by Want2Win > 2018-11-02 16:48 |

Post removed.Why?

Posted by speakup > 2018-11-02 16:51 | Report Abuse

too many short term punters in Reach! we need long term INVESTORS not short term PUNTERS!

Posted by DreamConqueror > 2018-11-02 16:53 | Report Abuse

Malu la, ini Jeffrey.

https://snsdkorean.files.wordpress.com/2013/08/yoona-gif.gif

Posted by Want2Win > 2018-11-02 16:55 |

Post removed.Why?

Posted by DreamConqueror > 2018-11-02 16:58 | Report Abuse

Just kidding, Jeffrey. Hope you've got a sense of humour.

Posted by WealthSoWonderful > 2018-11-02 17:03 | Report Abuse

Could be continuing uptrend Monday

Posted by CoolBull > 2018-11-02 17:11 | Report Abuse

They'll always be everywhere, SpeakUp. Can't avoid them.

Posted by FortuneBlooming > 2018-11-02 17:13 | Report Abuse

Well, still, at least they help bring up the overall volume.

Posted by ProsperousRealm > 2018-11-02 17:17 | Report Abuse

Anyone playing Perdana? Did very well today.

Posted by MoneyAndHoney > 2018-11-02 17:22 | Report Abuse

I'm holding some

Posted by KLCI Going Heaven > 2018-11-02 17:43 | Report Abuse

https://www.bloomberg.com/news/articles/2018-11-02/u-s-said-to-give-eight-nations-oil-waivers-under-iran-sanctions?fbclid=IwAR1hgxGXslYE1_tNvdCmQqi2DaJni6U_fQ99ZBHpaBeU46_rWOeOWxHPuqI

Posted by SuperPanda > 2018-11-02 18:18 | Report Abuse

after qtr rpt out cannot get 40c price anymore

Posted by SuperPanda > 2018-11-02 18:18 | Report Abuse

it will become history like 24 and 34

Posted by Nicholasming91 > 2018-11-02 18:32 | Report Abuse

Monday everything will spike . One of the best budget. Balanced

Posted by Nicholasming91 > 2018-11-02 18:55 | Report Abuse

Wa knn lo trump waivers on 8 countries wtf to purchase iranian oil wtfffff

Posted by bylkw2 > 2018-11-02 19:00 | Report Abuse

China - the leading importer of Iranian oil - is still in discussions with the U.S. on terms, but is among the eight

Posted by bylkw2 > 2018-11-02 19:01 | Report Abuse

if all 8 including china still can buy means brent crude will drop 99

Posted by Nicholasming91 > 2018-11-02 19:02 | Report Abuse

No, u forgot one thing. saudi and russia will be very very mad

Posted by Franklim1989 > 2018-11-02 20:15 | Report Abuse

Tencent news said US sure at 4/11 stop iran oil export at 4:00pm,better wait until 4th,the news always change..

Posted by pang72 > 2018-11-03 08:47 |

Post removed.Why?

Posted by Nicholasming91 > 2018-11-03 08:51 | Report Abuse

Just wait for surprises :)

Posted by Nicholasming91 > 2018-11-03 08:54 | Report Abuse

Oi mr pang why no buy vis? Not say 0.40 meh? 0.46 go in ma adui. Maybe u bought alrdy we also dunno

Posted by B4b4 > 2018-11-03 18:59 | Report Abuse

Trump gave waiver to 8 countries on Iran oil. But he is so fickle minded. Maybe tmr change of plans

Posted by pang72 > 2018-11-03 23:42 | Report Abuse

Nicolas,
Vis mana ada 40cents...Wait for a while ...mesti 40cents..

Posted by orlenz > 2018-11-04 09:49 | Report Abuse

QR will be coming in 3weeks period, should have movement at least after Deepavali.

Posted by B4b4 > 2018-11-04 23:05 | Report Abuse

The Focus Malaysia news reported that Emir-Oil is the 12th largest oil reserves in the world

Posted by PresidentRotiCanai > 2018-11-04 23:10 | Report Abuse

Reach Energy Bhd wants to prove it is a serious player in the oil and gas industry. Founded in 2013, the company is the “new kid on the block,” but it has been making headlines after securing approval for a 15-month trial production run in the North Kariman field in Kazakhstan through its producing asset Emir Oil.

More recently, Reach Energy announced that an exploration well in the Yessen field, also in Kazakhstan and one of the discovered oilfields that is part of the Emir Oil contract block, has yielded positive results during the initial testing phase.

This development is expected to positively impact Reach Energy’s reserves, which currently stand at 81 million barrels.

But despite the good tidings, coupled with a surge in share price, Reach Energy CEO Shahul Hamid Mohd Ismail is adopting a cautious approach to future acquisitions and expansion.

“I don’t want to go to the market saying that I have signed a deal in the North Sea or Gulf of Mexico with some (offshore) exploration firm because this is not good for a smaller company (like Reach Energy),” he tells FocusM.

Posted by apolloang > 2018-11-04 23:12 |

Post removed.Why?

Posted by Alex™ > 2018-11-04 23:17 | Report Abuse

aiya, share always move in tangent with increasing expectation ma....ppl already dreaming oil $120 d hehe

Posted by apolloang > 2018-11-04 23:23 |

Post removed.Why?

Posted by TheContrarian > 2018-11-05 05:06 | Report Abuse

Why apolloang got flagged?

Posted by WeiZian Chin > 2018-11-05 08:29 | Report Abuse

today brent oil holiday?

Posted by Ziko Ro > 2018-11-05 08:45 | Report Abuse

Go ahead reach !!

Posted by B4b4 > 2018-11-05 09:37 | Report Abuse

Brent above 70 pb, Reach still make profit. Even at 65 pb, like the last Qtr, Reach net profit was RM 11 m

Posted by Jeffrey Ng > 2018-11-05 10:10 | Report Abuse

any news regarding IRAN Sanction?? any hard hitter?? still have hope for brent oil go above 100??

Posted by B4b4 > 2018-11-05 11:19 | Report Abuse

Hi Jeffrey Ng, no worries about the Iran Sanctions. Oil price dropped simply because of Trump mid term elation tomorrow. Anyway, based on my calculations, Reach next Qtr will be fantastic

Posted by orlenz > 2018-11-05 11:50 | Report Abuse

CIMB had call technical buy for Reach

Posted by nicnyx > 2018-11-05 12:04 | Report Abuse

USOIL. Price still under pressure. Maybe a technical rebound at 60USD will push this counter https://www.tradingview.com/chart/USOIL/Ai6nopWZ-USO...

Posted by toffeemoose > 2018-11-05 12:31 | Report Abuse

Reach Energy to diversify downstream

https://www.nst.com.my/business/2018/11/428477/reach-energy-diversify-downstream

Posted by B4b4 > 2018-11-05 12:40 | Report Abuse

To diversify downstream, less cost but more profit. The CEO is a specialist in downstream oil business with 40 years experienced

Posted by WealthSoWonderful > 2018-11-05 14:40 | Report Abuse

Posted by WealthSoWonderful > Nov 5, 2018 02:38 PM | Report Abuse X

It's always good for any serious upstream operator to own & develop a downstream wing. Helps spread the risk. Also, downstream biz in petrochem sector for instance uses crude as a raw material. So, for downstream wing, for petrochem biz, lower crude price = higher profit.

That is the rationale for Petronas going into downstream petrochem in a big way at Pengerang.

Posted by WealthSoWonderful > 2018-11-05 14:43 | Report Abuse

Also, when you develop downstream wing after hvg established upstream wing, you already hv strong networking with the upstream guys globally. So you can draw on that advantage in sourcing for your cheapest & most reliable crude supplies.

Posted by BountyOfTheBourse > 2018-11-05 15:02 | Report Abuse

Brent still well above 72, and still within good striking range of 73.

Posted by Ziko Ro > 2018-11-05 15:36 | Report Abuse

Touch green !!

Posted by toffeemoose > 2018-11-05 15:42 | Report Abuse

today is a boring day....most of my counters down only a bit...not enuf for me to ave down...and if up..only a bit...

Posted by SaveMsiaFromPHGov > 2018-11-05 15:55 | Report Abuse

Many people gone on Deepavali leave. Ignoring their investments now, no doing any monitoring, happily thinking about celebrations only.

Posted by GoldenHarvest1 > 2018-11-05 15:59 | Report Abuse

Which is not really a very wise thing to do. They should still be keeping good watch, especially at such a critical & strategic time like now.

Becos they can make good extra profit from simply monitoring & making the right moves, which can later cover for any expenses incurred related to Deepavali time.

Posted by SaveMsiaFromPHGov > 2018-11-05 16:15 | Report Abuse

If Donald makes some peace with with Xi Jin Ping during G20 Meeting in Buenos Aires, and US-China trade war comes to sustained ceasefire, DJ could go up 1,000 points or more tomorrow night US time.

Posted by DreamConqueror > 2018-11-05 16:28 | Report Abuse

In conjunction with the spirit of Deepavali, let us all Reach warriors & supporters celebrate the removal of darkness from Reach, and the return of light to Reach. The defeat of evil & the triumph of good.

To all Malaysians & also all visitors to Malaysia, in special particular those adhering to the Hindu faith, we at Reach wish ya all, Deepavali Valtagel & happy holidays!!!