hi all.. i'm back again... finally.... reach very depending on brent oil... OG stock is a cycle game... when u know when to buy when to sell, and u can make a lot money... when Brent oil is up... reach sure will up.. hooray everybody!! huat ah...
well.. it depending on brent oil again... if brent no fall.. it will continue to shoot up again... now brent 63.91, if shoot above 64, then reach will hit .34 maybe
No target price, I am bullish on Brent because there's a lot of open short selling positions out there. These short sellers are forced to buy back at higher and higher levels to close off their positions.
Don't expect too much from 4Q report. This CEO promises the sky all the time, but bottom line results are always rotten...no profit, no dividends...nothing. No significant increase in production BPD since day one despite all the promises.... When results show red, only excuses!! CEO and team should show that they have earned their salt!!
qtr will be out by end month, for those still at loss maybe hve no choice hve to wait/hold
for those are in profit, must make ur decision hold or keep
worst case scenario, coming is a loss, panic sell (of course its an issue if driller cant profit when oil above 60 for 2 consec qtr), price will push down back to below 30c
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
TheContrarian
9,491 posts
Posted by TheContrarian > 2019-02-14 09:56 | Report Abuse
Brent now USD63.98