TheCrown, since you mention energy industry is bullish right now, here some exempt to solidify the thought;
Energy: The global energy market is expected to grow significantly in the coming years, driven by the increasing demand for clean energy sources. This makes the energy sector a good investment for the long term. As a result of these factors, energy stocks have been performing well in recent months. For example, the S&P 500 Energy Index has risen by over 20% in the past year.
According to the Malaysian Petroleum Management (MPM), the number of active oil and gas rigs in Malaysia increased by 15% in the first quarter of 2023 compared to the same period in 2022. This is the highest level of rig activity since 2019.
MPM also projects that Malaysian oil production will increase by 100,000 barrels per day in 2023, which would be the largest annual increase since 2018.
The oil and gas industry is a major contributor to the Malaysian economy, and it is expected to continue to grow in the coming years.
I totally agree with you, Madjin Gun... Despite the recession risks in several OECD countries, the economies of developing countries - especially China and India - are driving healthy oil demand growth of more than 2 million barrels per day this year. Although China faces economic headwinds, the transport and petrochemical sectors are still showing signs of demand growth..
SINGAPORE (June 27): Malaysia's state energy firm Petronas sees its domestic oil and gas production peaking at about two million barrels of oil equivalent per day (boepd) by 2024, its exploration executives said on Tuesday (June 27).
About 60-70% of its production is natural gas and will remain so going forward, Adif Zulkifli, executive vice president & CEO upstream, said at the Energy Asia conference.
Well, we left around 6 months to enter 1H 2024, patience is money now. 2024 is bull year for energy.
It's a good announcement, Madjin Gun.. Flatso, XOX, and many other Lien Ho scams people money.. Which stocks forever will be high up? At least don't mention Malay or Cina or Ahneh.. Just stay focused and invest in your favorite company only lorrr
This will be good income for eatech. The disputed amount is huge!!! Anyway, buy and keep when no one is looking and giving up. Another 400-600pct upside if you keep for a year or so
Heavy resistance at 0.195 onwards, this indicates many factors. Maybe they still want to collect below 0.19 before the news be announce and push after that.
syndicate/market manipulator just dump their shares today, they can't stand anymore. Only real investor are holding now. It's not easy to 'cuci' super penny share from manipulator. 13 mil shares just transact between hands this morning. There will be show.
If this counter breaks 0.50, it will fly.. Patience is the key, but if too long i will dispose soon. Fed up with Malaysian market that being manipulate.. Time to move and concentrate on Hkg & US
The news is out, disposal of NMR disposal will be completed end of August 2023, and disposal of NTI doesn’t require shareholder approval. This will expedite the repayments scheme to creditor and at the same time will bring 3mil net to the company. Q2 is already looking quite good.
The world’s leading energy watchdog said global oil demand is now on track to climb by 2.2 million barrels per day in 2023 to reach an average of 102.1 million barrels per day.
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....
berfikir
494 posts
Posted by berfikir > 2023-06-22 09:31 | Report Abuse
carefull la...smart money not follow us la.....