Posted by Want2Win > 2018-11-05 16:33 |

Post removed.Why?

Posted by MoneyAndHoney > 2018-11-05 16:42 | Report Abuse

Happy Deepavali to all Hindus, all Malaysians & everybody else.

Posted by Nicholasming91 > 2018-11-05 16:46 | Report Abuse

Happy deepavali to all reach and hibiscus warriors !

Posted by ProsperousRealm > 2018-11-05 17:05 | Report Abuse

Brent still holding above 72. Good sign.

Posted by Nicholasming91 > 2018-11-05 21:26 | Report Abuse

Sanction kicking in yo. , 2 days if oil go green , wednesday huat huat !

Posted by Alibaba > 2018-11-05 21:27 | Report Abuse

Brent at 73 already ~ Sanction effect tak jadi

Posted by pang72 > 2018-11-05 21:37 |

Post removed.Why?

Posted by Nicholasming91 > 2018-11-05 22:08 | Report Abuse

Not today, mr pang

Posted by PresidentRotiCanai > 2018-11-05 22:31 | Report Abuse

oil flying

Posted by Alibaba > 2018-11-05 22:35 | Report Abuse

Cool ... Brent Oil is aggressive haha~ Lets hope for impressive QR this month end !

Posted by GrowingRich > 2018-11-06 05:37 | Report Abuse

Trump-Xi trade deal is likely to begin rather than end at G20

https://businessmirror.com.ph/trump-xi-trade-deal-is-likely-to-begin-rather-than-end-at-g20/

Posted by CoolBull > 2018-11-06 07:39 | Report Abuse

Brent has breached 73. Now inching up toward 74.

Posted by Nicholasming91 > 2018-11-06 09:20 | Report Abuse

Yesterday alrdy 74.10 then drop back, cuz of short selling

Posted by B4b4 > 2018-11-06 09:41 | Report Abuse

Reach Energy is diversifying downstream business which is less costly and more profitable, said the CEO in the NST yesterday. The CEO has a vision of making Reach venture into the hydrocarbon value chain like doing refining of petroleum crude oil and purifying raw natural gas. Strictly speaking, Reach Energy has a vision and a mission.

Posted by Nicholasming91 > 2018-11-06 10:25 | Report Abuse

Ya if they do refining as well.. potential big company in the future.. but their age is a bit quite old la.. may be need new successor by the time

Posted by TingDong > 2018-11-06 12:40 | Report Abuse

@b4b4; indeed RE management has good vision. When oil price is up, both upstream & downstream will make money. When oil price is down, the downstream will make money, with higher margin. It's a good balance. But the big question is Capital!! Hope they will use some of the profit in 2019, when they achieve 8000bpd, as capital for the downstream, instead of increasing equity. Whatever the means, it's a good direction envisaged by management.

Posted by B4b4 > 2018-11-06 16:31 | Report Abuse

Hi TingDong, let's hope the coming 2 Qtrs for Reach will be profit and this will help to improve on the cash flow. Then maybe, Reach will have more capital for downstream business

Posted by SaveMsiaFromPHGov > 2018-11-06 20:32 | Report Abuse

When you hv a viable business plan, and proven management capability, all the banks would be screaming & begging to give you capital.

Posted by B4b4 > 2018-11-06 20:52 | Report Abuse

Yes very true indeed, the banks are willing. However, Reach Energy has always want to maintain low debts because banking debts have problems.

Posted by BountyOfTheBourse > 2018-11-06 23:24 | Report Abuse

Brent 72.74

Posted by mdrizal > 2018-11-07 01:26 | Report Abuse

https://oilprice.com/Energy/Energy-General/Bolton-US-Is-Preparing-More-Sanctions-Against-Iran.html

Posted by B4b4 > 2018-11-07 07:19 | Report Abuse

FYI, Brent price rangebound in 2016 is 30-56, 2017 is 45 - 69 and 2018 is 63 - 86 pb. In addition, forex for 1 USD = RM 4.17 and also 370.66 kazakhstan Tenge, that means cost for Reach Energy in doing business in Kazakhstan is far cheaper these days and more profit in RM too.

Posted by Franklim1989 > 2018-11-07 08:30 | Report Abuse

REACH QR good if Brent oil stay 66 also can up to 0.700..before hibiscus also like this..Brent oil from 86 drop to 71 sure effect oil stock..but stable this level better then up down up down..

Posted by B4b4 > 2018-11-07 08:42 | Report Abuse

The K-Wave theory is up and down with demand and supply. Oil price goes up and down is normal. Just study the oil chart, you will see this K-Wave theory.

Posted by sheep > 2018-11-07 08:54 | Report Abuse

Interesting and funny

Haha, last time said QR good if stayed above 75, now oil price down and says good if at 66. when oil down sum-more next week, then will say QR good if stay 60.

Interesting and funny. wakakaka

Posted by Franklim1989 > 2018-11-07 09:03 | Report Abuse

REACH stable price..

Posted by B4b4 > 2018-11-07 09:28 | Report Abuse

Yes, Reach Energy moving forward. Slowly but surely, as the Brent price is stable at above 70 pb, Reach still make a decent profit

Posted by Jeffrey Ng > 2018-11-07 09:35 | Report Abuse

hibiscus up few bit, saprng shooting high... but reach still no movement...

Posted by Ziko Ro > 2018-11-07 09:37 | Report Abuse

Ha ha 40 sen !!

Posted by Franklim1989 > 2018-11-07 09:40 | Report Abuse

Maybe this QR feel good..saprng crazy up

Posted by B4b4 > 2018-11-07 09:41 | Report Abuse

Reach Energy make profit on 4 factors. 1. Brent is above 70pb, 2. Kazakhstan Tenge currency is very cheap, hence cost is cheap, 3. RM is cheap too, hence profit increased. 4. Production has increased

Posted by Jeffrey Ng > 2018-11-07 09:56 | Report Abuse

hibiscus up.. brother reach will follow up a bit...

Posted by FortuneBlooming > 2018-11-07 10:27 | Report Abuse

SapNrg play too unpredictable & too risky. Reach much safer & therefore much better.

Posted by SaveMsiaFromPHGov > 2018-11-07 10:45 | Report Abuse

Well, some players are just like moths. They're irresistibly attracted to the flame. And when they get near enough to it, they catch fire & burn, themselves becoming part of the flame. Pity them.

Posted by SaveMsiaFromPHGov > 2018-11-07 10:48 | Report Abuse

Reach is not a flame, but more like a safe, cool, sustaining light. So, Reach 100 times better than Sapnrg.

Posted by WealthSoWonderful > 2018-11-07 10:53 | Report Abuse

40 in danger of being breached decisively soon

Posted by ProsperousRealm > 2018-11-07 10:58 | Report Abuse

And then it's going to be, Bye Bye 40 ...

Posted by CoolBull > 2018-11-07 11:24 | Report Abuse

Well, Sapnrg might be the stock of choice for them thrill junkies. So, just let them have their fun. But not for me. I like to sleep well at night, with a stock of great upside, while also being ensured of handsome profit in the pipeline.

Posted by DreamConqueror > 2018-11-07 11:40 | Report Abuse

Well, if some guys love to be dancing with disaster, then who are we to tell them that they should not. So, just let them be. Just leave them to indulge themselves in their great trip of temporary thrill.

Posted by DreamConqueror > 2018-11-07 11:49 |

Post removed.Why?

Posted by Want2Win > 2018-11-07 12:41 |

Post removed.Why?

Posted by Nicholasming91 > 2018-11-07 13:04 | Report Abuse

Ops, trump just lost the house ! Kikikiki

Posted by SaveMsiaFromPHGov > 2018-11-07 13:12 | Report Abuse

Good. Lets him know that he is not loved by everybody.

Posted by GoldenHarvest1 > 2018-11-07 13:44 | Report Abuse

Big blow for Donald

Posted by SaveMsiaFromPHGov > 2018-11-07 13:52 | Report Abuse

Reach is going to bang this 40 barrier to pieces soon. Fairly soon. Then, time to say Goodbye. And then it's going to be, 'Hello 45, I can see you there now, coming to meet you soon.'

Posted by Ziko Ro > 2018-11-07 13:58 | Report Abuse

Go ahead !! ha ha

Posted by Ziko Ro > 2018-11-07 13:58 | Report Abuse

Go ahead !! ha ha

Posted by GrowingRich > 2018-11-07 14:03 | Report Abuse

LOL

Posted by Turnaround > 2018-11-07 14:05 |

Post removed.Why?

Posted by B4b4 > 2018-11-07 14:27 | Report Abuse

Buy Reach and invest long term. Wait for new oil from new Wells in NK, Yessen and Kariman Oil Fields