Highlights
KLSE : SONA       SONA PETROLEUM BERHAD
Last Price Today's Change   Day's Range   Trading Volume
0.495   -0.005 (1.00%)  0.49 - 0.50  2,266,000

Overview

Board:Main Market
Sector:SPAC
Avg Volume (4 weeks):7,058,726
4 Weeks Range:0.465 - 0.515
52 Weeks Range:0.405 - 0.62
Average Price Target:-

Headlines

Latest Headlines
13/09/2014  The decadence and renaissance of Sona Petroleum
24/07/2014  SONA PETROLEUM - Graduating from SPAC…
23/07/2014  New interest in Sona and Telco Earnings Roundup
22/07/2014  PublicInvest Research Headlines - 22 July 2014
22/07/2014  Trade Signals- SONA
22/07/2014  Sona Petroleum buying 66.7% stake in Salamander Energy for US$281.2m
22/07/2014  Maybank Research Highlights - 22 July 2014
21/07/2014  Sona Petroleum expects revenue flow beginning FY2014
21/07/2014  Maybank Research Highlights - 21 July 2014
13/07/2014  SONA石油攻泰唱好
26/06/2014  Sona delays Salamander deal
26/06/2014  PublicInvest Research Headlines - 26 June 2014
26/06/2014  Maybank Research Highlights - 26 June 2014
17/06/2014  Sona Petroleum aims to buy 40% in Salamander Energy (Bualuang) this year
12/06/2014  Sona Petroleum take US$140m (RM450m) loan to part fund the Thai oil purchase
12/06/2014  PublicInvest Research Headlines - 12 June 2014
06/06/2014  Sona Petroleum makes maiden acquisition
06/06/2014  PublicInvest Research Headlines - 6 June 2014
06/06/2014  Maybank Research Highlights - 6 June 2014
05/06/2014  Sona Petroleum to acquire SEBG for RM904mil

  29 people like this.
 
MrKee kadavale-kadavale...rugi2rugi3
15/09/2014 16:19
logical Waktu 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.
15/09/2014 17:22
Nancy Tang Outlook of Sona after positive news , is good ... worth waiting !
15/09/2014 17:23
Taugeh Aiya, 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..
15/09/2014 18:54
CLIQmanagement technically i think it is good. Surviving T+3 with the lowest volume.
15/09/2014 22:42
Iching88 See, cliq pun Sudah on board,apa lu nak Tunggu lagi??

Wah ka ka ka
16/09/2014 15:55
16/09/2014 18:14
Ring Any 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.
16/09/2014 22:25
dofazdu8 Wow!!! Tp4..
16/09/2014 22:25
Ring Bargain 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:
16/09/2014 22:31


 

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