REACH ENERGY BHD

KLSE (MYR): REACH (5256)

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Last Price

0.025

Today's Change

+0.005 (25.00%)

Day's Change

0.025 - 0.025

Trading Volume

12,000


9 people like this.

19,253 comment(s). Last comment by Orson Chin 1 week ago

Surewin168

383 posts

Posted by Surewin168 > 2020-03-25 21:00 | Report Abuse

reloaded..

Surewin168

383 posts

Posted by Surewin168 > 2020-03-25 21:00 | Report Abuse

but just doesn't make sense to me was.. tabung haji been disposed through open market but who are the big boss behind to collect all.. hmmm....

jiunn

866 posts

Posted by jiunn > 2020-03-26 08:23 | Report Abuse

^^^O&G: 2ND & 3RD LINERS SET IN PLAY!!

Trading Idea:

Among O&G stocks, I prefer to go with the laggards (100Mil - 500Mil) today, such as REACH & SAPNRG.

REACH is sitting on a proven reserve and that reserve has just gone up in value. Similarly SAPNRG is on a stronger position after its rights issue last year. In addition, its major shareholders have invested in the company at 0,30 per share. This means that the current price is ridiculously undervalue from their cost.

This both deeply-depressed prices on recent selldown over almost 70% would have lower our potential downside risk & increase our potential upside return for more than 50% in near term!!


Happy trading & Huat Huat AAARRRRR!!!!

freddiehero

16,722 posts

Posted by freddiehero > 2020-03-26 11:06 | Report Abuse

yes wish all here huat huat ....

Mabel

24,141 posts

Posted by Mabel > 2020-03-30 18:41 | Report Abuse

Institution investors are selling..

Poor QR..

Time to reevaluate if its worth keeping this ship as there's lot more better and well run O&G companies at heavy discounted price now..
Sold off after seeing really bad QR..

Meow..

Mabel

24,141 posts

Posted by Mabel > 2020-03-30 18:43 | Report Abuse

Bought it thinking it's going to be fantastic and turnaround QR..

Meow

Surewin168

383 posts

Posted by Surewin168 > 2020-03-30 22:52 | Report Abuse

not so fast la.. think that shahrul will fly? but overall already over sold.. not because of institution investors.. can check probably

freddiehero

16,722 posts

Posted by freddiehero > 2020-03-30 22:58 | Report Abuse

bought in some..

freddiehero

16,722 posts

Posted by freddiehero > 2020-03-30 22:58 | Report Abuse

good luck all

kasrim

2,493 posts

Posted by kasrim > 2020-04-02 16:19 | Report Abuse

reach army attack now... bang bang bang!

Leoleo

5,532 posts

Posted by Leoleo > 2020-04-02 16:20 | Report Abuse

kaya kikiki

kasrim

2,493 posts

Posted by kasrim > 2020-04-02 16:52 | Report Abuse

yeah.. askar2 org minyak sudah dtg.. serangggg!

izoklse

5,272 posts

Posted by izoklse > 2020-04-02 22:52 | Report Abuse

Donald J. Trump

@realDonaldTrump
Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry!

11.5K
10:32 PM - Apr 2, 2020

https://www.cnbc.com/2020/04/02/oil-rallies-10percent-after-trump-says...

AAAwell

1,048 posts

Posted by AAAwell > 2020-04-02 23:18 | Report Abuse

that's fake tweet by DT!! Russia: Oil Producing Countries Not Discussing Any New Deal

acadi

314 posts

Posted by acadi > 2020-04-02 23:31 | Report Abuse

oil market (Brent) reacted by shooting up from 26 to 36!!!
WTI shot up to 27.20 from 22! at the same time. Fake news?

signalmw

3,314 posts

Posted by signalmw > 2020-04-02 23:38 | Report Abuse

克林姆林宫发言人 Dmitry Peskov通过俄罗斯国营媒体 回应特朗普的推特
“No, 普丁总统并没有谈过减产。

acadi

314 posts

Posted by acadi > 2020-04-03 00:17 | Report Abuse

at the moment 12.16 AM Brent is at30.46
WTI is at 24.95

signalmw

3,314 posts

Posted by signalmw > 2020-04-03 00:19 | Report Abuse

沙特条件是 ”世界产油商需要一起减产". 剑指页岩油商和俄罗斯。

kasrim

2,493 posts

Posted by kasrim > 2020-04-03 09:05 | Report Abuse

TP rm 0.18..c gogogogo reach..all will becaome rich

signalmw

3,314 posts

Posted by signalmw > 2020-04-03 09:07 | Report Abuse

All in

kasrim

2,493 posts

Posted by kasrim > 2020-04-03 09:58 | Report Abuse

ok..skrg reach punya turn untuk goreng..buy now!

StarDust

1,153 posts

Posted by StarDust > 2020-04-03 10:26 | Report Abuse

@kasrim acah ke

kasrim

2,493 posts

Posted by kasrim > 2020-04-03 10:52 | Report Abuse

bukan acah2..tengok le,,

Posted by Shinju_Nosuke > 2020-04-03 11:08 | Report Abuse

Haha...as long rusia argue with the deal..the price will not shoot up..

Surewin168

383 posts

Posted by Surewin168 > 2020-04-03 11:54 | Report Abuse

this morning really flush out those people who are trying to play contra

Surewin168

383 posts

Posted by Surewin168 > 2020-04-03 11:54 | Report Abuse

end of the day all will sit down on the same table and agree on it

Surewin168

383 posts

Posted by Surewin168 > 2020-04-03 11:55 | Report Abuse

if current price going to sustain long.. O

cashflow

3,642 posts

Posted by cashflow > 2020-04-03 16:37 | Report Abuse

I bought some at 0.04 keeping

Surewin168

383 posts

Posted by Surewin168 > 2020-04-03 23:16 | Report Abuse

Oil producers from the OPEC coalition are discussing the possibility of slashing global crude oil production by 10 million bpd in cooperation with producers from outside the group, a source with OPEC told Reuters on Friday, a day after U.S. President Donald Trump said he expected a massive cut from Saudi Arabia and Russia.

A final figure up for discussion would depend on the outcome of the meeting of President Trump with U.S. oil firms later on Friday and over the weekend, Reuters’ source said.

After days of speculation about President Trump getting involved in the Saudi-Russian oil price war that began claiming its first U.S. shale victims, President Trump said on Thursday that he had spoken with the Saudi Crown Prince and Russia, and hoped and expected that Saudi Arabia and Russia would “cut back approximately 10 Million Barrels, and maybe substantially more,” sending oil prices soaring by 20 percent.

President Trump later on Thursday in a coronavirus press briefing added that the 10 million bpd figure had actually been discussed in the conversations and that it could be as much as 15 million bpd.

Surewin168

383 posts

Posted by Surewin168 > 2020-04-04 08:24 | Report Abuse

Russian Oil Firms Ready To Agree To A Production Cut Deal

Surewin168

383 posts

Posted by Surewin168 > 2020-04-04 08:25 | Report Abuse

let celebrate Monday morning..once market open back .. yeehaaa

amet2017

3,150 posts

Posted by amet2017 > 2020-04-04 08:54 | Report Abuse

This counter loss making for the past three years when oil price is 50+. Now not even 30

Lucky81

495 posts

Posted by Lucky81 > 2020-04-04 09:57 | Report Abuse

as long as can make money from goreng, who cares.

Surewin168

383 posts

Posted by Surewin168 > 2020-04-04 10:10 | Report Abuse

Go and study and understand about company history, don't just nagging here and there loss making got past 3 years..

AAAwell

1,048 posts

Posted by AAAwell > 2020-04-04 10:22 | Report Abuse

The OPEC Meeting Could Send Oil Prices Crashing Below $10

Lucky81

495 posts

Posted by Lucky81 > 2020-04-04 10:54 | Report Abuse

high probability as US asked Russia and SA to negotiate among themselves to cut output.

Lucky81

495 posts

Posted by Lucky81 > 2020-04-04 10:55 | Report Abuse

but must goreng carimin hibicus dayang etc before the deal is scraped

Leoleo

5,532 posts

Posted by Leoleo > 2020-04-04 11:34 | Report Abuse

monday mau pecah bumbung lagi

AAAwell

1,048 posts

Posted by AAAwell > 2020-04-04 12:21 | Report Abuse

Guys Monday better sell once u see the profit.. Don't keep the price based on DT tweet . No official news yet.

Surewin168

383 posts

Posted by Surewin168 > 2020-04-04 13:18 | Report Abuse

end of the day us will dafenately got to negotiate with saudi and Russia.. else their economy going to slump.. either slight lose or total break down.. they are not dump.. know how the business got to carry on..

Surewin168

383 posts

Posted by Surewin168 > 2020-04-04 13:18 | Report Abuse

so. is not because of OPEC meeting could send oil price crashing

Surewin168

383 posts

Posted by Surewin168 > 2020-04-04 13:19 | Report Abuse

need effort from us to cut the production rate not only from opec

mfbs

1,229 posts

Posted by mfbs > 2020-04-04 15:09 | Report Abuse

Monday 8 cents

RedEagle

3,194 posts

Posted by RedEagle > 2020-04-04 20:41 | Report Abuse

MOSCOW: Russia bersedia bekerjasama dengan Arab Saudi dan Amerika Syarikat (AS) untuk mengurangkan pengeluaran minyak, kata Presiden Vladimir Putin, semalam.

Beliau berkata, Russia sanggup membuat perjanjian dalam rangka kerja kumpulan OPEC+ dan bersedia bekerjasama dengan AS dalam isu itu, menurut satu kenyataan dikeluarkan oleh Kremlin.

“Saya percaya penggabungan usaha adalah perlu bagi menyeimbangkan pasaran dan mengurangkan pengeluaran,” menurut kenyataan itu.

Harga minyak jatuh dalam beberapa minggu kebelakangan ini susulan kemerosotan permintaan dan ketidaktentuan ekonomi global akibat pandemik COVID-19.

Bulan lalu, OPEC dan sekutunya gagal mencapai persetujuan berhubung pengurangan pengeluaran minyak selepas Moscow yang mengetuai OPEC+, enggan mengetatkan pembekalan bagi menangani kesan wabak berkenaan.

Putin dalam satu perbualan dengan Menteri Tenaga, Alexander Novak, berkata Russia bersedia berbincang mengenai ‘pengurangan kira-kira 10 juta tong sehari, sedikit kurang, mungkin sedikit lebih’.

Katanya, Russia berhubung rapat dengan Arab Saudi dan beliau juga telah bercakap dengan Presiden AS, Donald Trump, baru-baru ini. - AFP

AAAwell

1,048 posts

Posted by AAAwell > 2020-04-05 10:17 | Report Abuse

https://www.nytimes.com/2020/04/04/business/coronavirus-opec-russia-oil.html

Monday morning take profit as this will drop

Leoleo

5,532 posts

Posted by Leoleo > 2020-04-05 11:34 | Report Abuse

meeting delayed is not cancelled , asking more time to det the deal done la

RedEagle

3,194 posts

Posted by RedEagle > 2020-04-05 12:05 | Report Abuse

Satay Kajang >RM1
Expensive than Reach..wait for what..just buy and hold dear

freddiehero

16,722 posts

Posted by freddiehero > 2020-04-05 12:50 | Report Abuse

apa macam kawan-kawan sini? today is a good day?

Leoleo

5,532 posts

Posted by Leoleo > 2020-04-05 14:37 | Report Abuse

Reach new oil well ready for production ?

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