Posted by Jeffrey Ng > 2018-11-12 09:18 | Report Abuse

WOW.. TODAY Saprng show...

Posted by Lai Hm > 2018-11-12 09:19 | Report Abuse

Back to 71.

Posted by samuel > 2018-11-12 09:26 | Report Abuse

Wow Brent gap up

Posted by B4b4 > 2018-11-12 09:27 | Report Abuse

Sapura debts very high RM 15 B

Posted by B4b4 > 2018-11-12 09:28 | Report Abuse

Reach has ZERO BANK BORROWINGS

Posted by Franklim1989 > 2018-11-12 09:41 | Report Abuse

REACH today will drop,but maybe a bit..

Posted by Jeffrey Ng > 2018-11-12 09:44 | Report Abuse

i dun think reach can go further if the brent oil no increase... always the range between .38 to .42(max) as soon as the international brent oil shoot further then only will fly like rocket... otherwise just will be at this range...

Posted by B4b4 > 2018-11-12 09:45 | Report Abuse

Soon Reach will hit 50s above. Just be patient.

Posted by Jeffrey Ng > 2018-11-12 09:46 | Report Abuse

base on the record.. reach shoot to 50s when international brent oil @ USD85pb

Posted by Ziko Ro > 2018-11-12 10:07 | Report Abuse

Contra throw already now he climb back

Posted by Nicholasming91 > 2018-11-12 10:08 | Report Abuse

Wooo 0.42

Posted by speakup > 2018-11-12 10:10 | Report Abuse

very tempted to buy more today, but also wanted to keep my average cost below 40sen.

Posted by Ziko Ro > 2018-11-12 10:39 | Report Abuse

If burst 42 will climb up more aggresive

Posted by B4b4 > 2018-11-12 10:40 | Report Abuse

Wait till it hit 50s above, then come QR, then it fly up to 70s

Posted by speakup > 2018-11-12 10:45 | Report Abuse

@B4b4, why 70sen? why not RM1? or RM2?

Posted by B4b4 > 2018-11-12 10:57 | Report Abuse

Slowly sir, too fast also cannot. Let people take profit. Then come 3Q 2019, with the completion of the Central Processing Facility, then the oil production hit 12,000 bpd, then we start to look at RM 1.00 above.

Posted by B4b4 > 2018-11-12 10:58 | Report Abuse

It is like putting FD for 1 year annual interest 200%

Posted by B4b4 > 2018-11-12 11:02 | Report Abuse

The last Qtr result, Reach Energy made maiden profit with Brent oil 65 pb. This coming Qtr is even better since Brent is rangebound from 70-85 pb, plus good forex for RM 4.12 and Kazakhstan currency Tenge 373 to 1 USD.

Posted by TheContrarian > 2018-11-12 11:15 | Report Abuse

At higher levels more and more stale bulls will be selling. Brent is not doing so well lately.

Posted by Ziko Ro > 2018-11-12 11:19 | Report Abuse

Investor still wait and see oil prices tonight

Posted by WealthSoWonderful > 2018-11-12 11:22 | Report Abuse

OPEC-Russia juggernaut on the move. Brent going to return to 80 again. And there ain't much that Donald Trump can do about it anymore. He has run out of all stinkin bullshit dirty tricks.

Posted by WealthSoWonderful > 2018-11-12 11:24 | Report Abuse

You need to cheer up a bit more, Contrarian. Try to see the positive side of things.

Posted by GoldenHarvest1 > 2018-11-12 11:32 | Report Abuse

Brent above 71 now

Posted by B4b4 > 2018-11-12 11:46 | Report Abuse

Finally, oil climb after 10 days of losses. Very happy to see brent holding very well above 70 pb.

Posted by BountyOfTheBourse > 2018-11-12 12:00 | Report Abuse

Brent has been over-correcting. Due not a little to Trump-inspired American fake inventory data. Should be pushing back up to 76 fairly soon. If not 80.

Posted by B4b4 > 2018-11-12 12:15 | Report Abuse

Brent now is 71.11

Posted by DreamConqueror > 2018-11-12 12:27 | Report Abuse

Won't stay long at 71. 76 is much more like it now.

Posted by Maynot > 2018-11-12 12:33 | Report Abuse

Brent will push to $75. It will maintain at that level until the real OPEC conference on december. Then after that we will know the future of oil for 2019/2020

Posted by B4b4 > 2018-11-12 12:33 | Report Abuse

Brent now is 71.40

Posted by CoolBull > 2018-11-12 12:39 | Report Abuse

There is only one future for oil now. It is BULL. Not 'bull' as in bullshit, but 'bull' as in raring & daring to go.

Posted by amet2017 > 2018-11-12 12:43 | Report Abuse

that's the spirit we always wanted..lets release the charging bull

Posted by Ziko Ro > 2018-11-12 12:46 | Report Abuse

Must know Reach is 100% on fuel bisness

Posted by GrowingRich > 2018-11-12 12:46 | Report Abuse

Ha ha ha. Yo, bro! Let's go!

Posted by Want2Win > 2018-11-12 12:49 |

Post removed.Why?

Posted by CoolBull > 2018-11-12 12:56 | Report Abuse

This Jeffrey Ng must love playing on a sinking ship. He is always talking about Sapnrg.

Posted by Want2Win > 2018-11-12 12:58 |

Post removed.Why?

Posted by ProsperousRealm > 2018-11-12 13:03 | Report Abuse

LOL

Posted by B4b4 > 2018-11-12 13:48 | Report Abuse

The OPEC + ministers said that the ultimate goal in oil market is stability of oil prices and less volatile. Now Brent is around 71+ pb.

Posted by B4b4 > 2018-11-12 13:53 | Report Abuse

If oil price is too high, the emerging markets will suffer and this is bad for the global market. If the oil price is too low then oil producers will suffer which is bad for many companies like BP, EXXON, SHELL etc.. So it is best for oil to hover around USD 70-78 pb.

Posted by DreamConqueror > 2018-11-12 13:55 | Report Abuse

Question is, stability at what level. Donald Trump might want stability at Brent 50. But of course, that wud be just out of the question for OPEC & OPEC Plus.

While for OPEC & OPEC Plus, stability at Brent 80 or higher wud be much better. The higher, the better.

Posted by DreamConqueror > 2018-11-12 13:59 | Report Abuse

Just high oil price alone won't kill emerging economies. This is simply Trumpian bullshitting.

Brent was going 100+ in 2014, just before that stupid-idiot Saudi decision to push price down, and no emerging economy anywhere on the planet was struggling at all. They were all thriving, mostly.

Posted by B4b4 > 2018-11-12 14:00 | Report Abuse

Donald Trump is keen to safe guard the shale oil business in the Permian Basin. If the oil price is too low, then US will also suffer, with many oil rigs closing down. In 2014 , the oil rig count was close to 1660 oil rigs, now only 886 .

Posted by Ziko Ro > 2018-11-12 14:02 | Report Abuse

This evening must burst 42 ! ha ha

Posted by CITADEL > 2018-11-12 14:04 | Report Abuse

up one day sleep two days, loss qr like tatgiap also can up 30%, reach still hibernating

Posted by DreamConqueror > 2018-11-12 14:05 | Report Abuse

And what does Donald care about emerging economies. Nothing. He does not care about any country or anybody. He is simply bullshitting his way around, left, right & centre, here, there & everywhere, to just protect his own personal interests and those of his close family & friends.

Posted by Turnaround > 2018-11-12 14:08 | Report Abuse

When burst?

Posted by CoolBull > 2018-11-12 14:10 | Report Abuse

Okay, Mr. Citadel. You go on having fun playing with your Fart Giap. And when it corrects or reverses by 30%, you're really going to be in investing heaven.

Posted by ProsperousRealm > 2018-11-12 14:13 | Report Abuse

Ha ha ha

Posted by Want2Win > 2018-11-12 14:17 |

Post removed.Why?

Posted by B4b4 > 2018-11-12 14:20 | Report Abuse

Brent now is 71.50