Posted by CoolBull > 2018-11-16 00:16 | Report Abuse

Very probably is

Posted by Nicholasming91 > 2018-11-16 00:17 | Report Abuse

Low margin to operate the refineries, thats why their storage pile up, hopefully oil will go up so they can start refining their oils , distillate stock (oil and product) is -3million barrel

Posted by B4b4 > 2018-11-16 00:18 | Report Abuse

Yes, crude inventories increased but motor gasoline and distillate fuel decreased! This is the catch. Brent price will be stable if not up.

Posted by CoolBull > 2018-11-16 00:18 | Report Abuse

The more they fake their inventory reports, the more OPEC-Russia is going to fukk them with even more greatly reduced output. Very good.

Posted by Nicholasming91 > 2018-11-16 00:23 | Report Abuse

Cheers b4b4, no such thing as cheap oil as oil producers definitely have to earn some than in huge debt . Not cheap to operate and drill

Posted by The speculators The speculators > 2018-11-16 06:17 | Report Abuse

QR IS IN THE MONEY THEY HAVE MADE , reporting on qr will be good

Posted by The speculators The speculators > 2018-11-16 06:18 | Report Abuse

Less than 10 trading day qr is out

Posted by The speculators The speculators > 2018-11-16 06:18 | Report Abuse

Then viena opec meeting

Posted by B4b4 > 2018-11-16 07:06 | Report Abuse

Brent price is up yesterday. Two days of uptrend.

Posted by Nicholasming91 > 2018-11-16 07:10 | Report Abuse

Good. Will see 70-75 stable price,

Posted by Ziko Ro > 2018-11-16 07:18 | Report Abuse

Brent and Tom Jones up!

Posted by Nicholasming91 > 2018-11-16 07:22 | Report Abuse

Today we go back to 42 kikiki

Posted by Lai Hm > 2018-11-16 08:02 | Report Abuse

Today open gap up! kekeke

Posted by Lai Hm > 2018-11-16 08:34 | Report Abuse

Brent up, DJ up, Reach up up! :):)

Posted by B4b4 > 2018-11-16 08:46 | Report Abuse

The breakeven costs for Reach is estimated to be USD 50 pb especially the forex gain from cheap RM and Kazakhstani Tengi

Posted by B4b4 > 2018-11-16 08:49 | Report Abuse

Based on these estimate, the next Qtr in Nov ie a few days time, the profit is about RM 20M

Posted by Nicholasming91 > 2018-11-16 08:59 | Report Abuse

U mean 50 usd profit per barrel is it haha

Posted by Jeffrey Ng > 2018-11-16 08:59 | Report Abuse

Hi B4b4, how many % in Reach are doing gas? Gas prices soars 9 years high!!

Posted by toffeemoose > 2018-11-16 09:55 | Report Abuse

http://www.theedgemarkets.com/article/oil-prices-stable-expected-opec-cuts-surging-us-supply-drags

"We expect 2019 oil demand to reach 101.1 million bpd," natural resources research and investment firm Goehring & Rozencwajg said, up from just under 100 million bpd this year.

At the same time, the firm said production outside North America was set to disappoint.

Add OPEC's expected supply cuts, and Goehring & Rozencwajg said "those investors who are able to adopt a contrarian stance ... and stomach the volatility ... are being presented with an excellent investment opportunity" to buy into oil after the recent slump.

Bank of America agreed, saying "we believe oil is oversold and will likely bounce up from the current levels, as OPEC+ dials back production in December"

Posted by B4b4 > 2018-11-16 10:09 | Report Abuse

Hi Jeffrey Ng, natural gas reserves for Reach is 21770 mmscf in the 1P reserves, at USD 4.00 per mmbtu, this worked out to be almost RM 400 M

Posted by B4b4 > 2018-11-16 10:12 | Report Abuse

However total oil and gas 1P reserves is almost RM 6.4 B at USD 65 pb and forex RM 4.00

Posted by B4b4 > 2018-11-16 10:15 | Report Abuse

Basically, Reach has more high quality sweet and light Brent oil in the 1P reserves. If you take together the 2P reserves, then it will be RM 21.05 B

Posted by B4b4 > 2018-11-16 10:59 | Report Abuse

Stay cool guys and relax.

Posted by B4b4 > 2018-11-16 11:01 | Report Abuse

Brent now is 67.11 going up again for the 3rd day

Posted by speakup > 2018-11-16 11:04 | Report Abuse

can see big soh-chai Q selling @ 39, 39.5 & 40

Posted by Lai Hm > 2018-11-16 11:12 | Report Abuse

those Q r real? @39, 39.5, 40, 40.5?

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

IF i got tons of $$$$, i'll grab all 39, 39.5, 40 one shot

Posted by toffeemoose > 2018-11-16 11:36 | Report Abuse

well somebody just did ...loaded up 1051200 shares at 0.39... :D

Posted by speakup > 2018-11-16 11:37 | Report Abuse

back to breakeven already :-)

Posted by toffeemoose > 2018-11-16 11:38 | Report Abuse

ohsemnezz!

Posted by Lai Hm > 2018-11-16 11:38 | Report Abuse

@39 is clear... is it u grab that speakup? :):) haha

Posted by speakup > 2018-11-16 11:40 | Report Abuse

not me lar. if me, i grab 39,39.5 & 40 one shot :-)

Posted by Jeffrey Ng > 2018-11-16 11:40 | Report Abuse

is very normal to have many seller if profit reach... mostly are contra player or IDSS.. if company doing well, no need to worry about flushing all contra out.. it will still continue to climb.. i'm still waiting breakeven at .415 ;)

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

really really have a good feeling in 2 weeks time ... :)

All the facts and indicators pointing towards an ohsem month!

Posted by B4b4 > 2018-11-16 11:44 | Report Abuse

Wait for the coming QR, it will be even better than the maiden profit in the last Qtr.

Posted by speakup > 2018-11-16 11:45 | Report Abuse

@Jeffrey Ng, your avg 41.5, why dont u average down? buy more to average it down to 40 (or below) will be a good move.

Posted by B4b4 > 2018-11-16 11:47 | Report Abuse

4 reasons why the coming QR will be the best ever, ie 1. Good selling Brent price, 2. Highest oil production rate, 3. Gains in forex from both ends ie CHEAP RM and Kazakhstani Tengi, 4.good weather conditions plus pipelines through Ansagan

Posted by Jeffrey Ng > 2018-11-16 11:48 | Report Abuse

i already average down from .44 to .415 if good move... i dun mind to hold it... i would rather spent to some other counter to earn some handsome profit first.. my toufu counter so explosive, made me 200% profit within 3mths period.. Reach, waiting u to bring me rich.. yeah..

Posted by Nicholasming91 > 2018-11-16 11:59 | Report Abuse

U bought dufu, congrats to u ya

Posted by toffeemoose > 2018-11-16 12:17 | Report Abuse

Congrats jeffrey...

Posted by Nicholasming91 > 2018-11-16 12:30 | Report Abuse

Reach warrant is currently undervalue, one day when reach tp till 1.00 warrant will be 0.50 like hibiscus

Posted by Ziko Ro > 2018-11-16 13:36 | Report Abuse

At 1.30 pm brent up 67.25. Lets see tonight.

Posted by Zhuge_Liang > 2018-11-16 13:50 | Report Abuse

Hope Brent crude oil price can cross and stay above USD 68 for good.

Posted by speakup > 2018-11-16 13:52 | Report Abuse

Hibiscus got a big foreign fund investor if I recall correctly. This is something which Reach dont have.
And strangely ppl "invest" in Hibiscus, but "trade" in Reach.


Posted by teoh1128 > Nov 16, 2018 12:56 PM | Report Abuse

B4b4 , may i know what is the production of Habiscus and Reach ?why the
share price so big difference

Posted by Nicholasming91 > 2018-11-16 13:53 | Report Abuse

No worries, when reach start to have huge profit we will see people invest in reach . Patience

Posted by Ziko Ro > 2018-11-16 13:59 | Report Abuse

I condident REACH may got more profit and revenue than the last qtr. How many cannot sure.

Posted by B4b4 > 2018-11-16 14:18 | Report Abuse

Hi speak up, Hibi and Reach are both SPAC, but Hibi is older than Reach. When Hibi started in 2011, its share price only 19s in 2016.

Posted by toffeemoose > 2018-11-16 14:19 | Report Abuse

again...its very very hard to lose money here....

Posted by Nicholasming91 > 2018-11-16 14:36 | Report Abuse

Reach is the 4th largest SPAC, hopefully will perform better than Hibis in the future ! Low cost, high profit !

Posted by speakup > 2018-11-16 14:59 | Report Abuse

Hibiscus 2nd largest shareholder is a Foreign fund : POLO RESOURCES LIMITED
They own about 9% of Hibiscus