logicalWaktu acquisition in 2011 - This is the quote from Star Biz "Lime Petroleum does not carry any oil reserves in its books. Hibiscus' Chairman was quoted as saying that he would "prefer not to speculate on the amount of oil reserves" but rather calls them "resources". "
All the more reason SONA's higher pricing .... nevertheless it is the timing that I look forward too.
Nancy TangOutlook of Sona after positive news , is good ... worth waiting !
TaugehAiya, Oooi, awaiting approval bah, taking a little bit of time mah... Everyone else is thinking of selling the share as soon as hitting the respective TPs, ...big Sharks, medium sharks, small sharks, ikan bilis like me also ready to hit and run...So, how? Within a couple of months, there will be a little showtime, just watch..it will be coming...SANTA is coming to town..
CLIQmanagementtechnically i think it is good. Surviving T+3 with the lowest volume.
Iching88See, cliq pun Sudah on board,apa lu nak Tunggu lagi??
RingAny geopolitical disturbance in the global supply chain could soon flare up the demand for oil. This scenario is still prevalent in two pockets of the world, namely Russia and the Middle East. Add to this the bargain prices now offered by quite a few oil stocks that have witnessed heavy selling without any relation to fundamentals. Thus, a contrarian opportunity is now present for investors to build positions in those stocks of the oil and gas sector which have been pushed to the oversold and bargain levels.
RingBargain Hunting: Oversold Oil Stocks Are Poised For A Reversal Day Rally Sep. 14, 2014 2:44 PM ET | About: Chevron Corporation (CVX), Includes: MDR, OIH Disclosure: The author is long CVX, MDR. (More...) Summary
Oil stocks have taken a beating in recent days and have reached oversold and even bargain-like levels. Too many investors (consensus thinking) have become very negative on the oil sector which has created a buying opportunity. Shorts have also piled on in recent days but that could be laying the groundwork for a "reversal day" rally in many oversold oil stocks. Making money in the market is so easy now. It seems all you have to do is go long the dollar, and short oil and oil stocks. For the past week or so it seems like everyone is getting into this trade and it has been paying off for the masses. However, it is not often the masses get it right and this trade looks very crowded now and even too obvious. A contrarian would have to start thinking about taking the other side of this trade and that is exactly what I plan to do.
While there is good reason for the recent rally in the US Dollar (such as the rate cut by the ECB about a week ago), it may not strengthen much more anytime soon. That might be because expectations are already so high for the dollar to keep rising and also because so many investors and hedge funds have been shorting the Euro and the oil sector, based on these high expectations. Even if the dollar maintains this current level of strength, oil might disconnect and start to stabilize and even rally from currently oversold levels. There are so many geopolitical issues ranging from the Middle East to Putin and Ukraine that could spark a rally in oil. It's also worth noting that we have seen this play out before, whereby consensus wisdom is convinced that oil can only go down, but each time over the past few years oil has snapped back to around $100 per barrel. These past doom and gloom scenarios were short-lived and in hindsight were great buying opportunities. That might be the case again now which is why I believe it is time to start buying certain oil stocks. This entire sector is now oversold, and in many cases shorts have piled on in the past week. When you have a sector that is oversold and heavily shorted, it can become a powerful combination and set up a strong reversal day rally. (A reversal day is when a stock or sector trades weak and then suddenly turns sharply higher.) Let's take a look at the chart for one popular oil sector ETF: