|Last Price ||Today's Change || Day's Range || Trading Volume |
|0.115 || +0.005 (4.55%) || 0.11 - 0.115 || 5,193,400 |
|Listing Date:||Aug 15, 2014|
|Maturity Date:||Aug 12, 2022|
|Exercise Price:||MYR 0.75|
|Ratio: || 1:1 |
|Avg Volume (4 weeks):||20,760,420|
|4 Weeks Range:||0.105 - 0.145|
|52 Weeks Range:||0.02 - 0.17|
kmtan88 Reach's mother share up these few days & warrant is sure to follow
jeffrey1969 happy new year 2017! anybody know this counter still can UP UP UP? thanks
stockraider Reach Energy Bhd - New Oil Junior in town
Author: HLInvest | Publish date: Wed, 4 Jan 2017, 11:12 AM
Now an O&G Junior. Upon getting vote acceptance for QA on 16th Nov 2016, Reach will now become a full-fledged oil junior with final adjusted Purchase Consideration worth US$175.9m. Acquisition has been completed on 27th November 2016 with dissenting shareholders already being repaid.
Emir-oil a balanced portfolio with high quality crude. Situated in Kazakhstan, currently Emir-oil possesses 4 producing fields coupled with 2 development fields and 6 drillable prospects, pointing to high potential growth in pipeline of reserves. In addition, it also produces high value light and sweet crude oil and possesses high condensate yield in one of its producing fields, indicating more room to further monetize the acquired asset.
Oil asset was bought at low. While the oil market has been subdued for a long time, we believe the upstream asset acquired by Reach was at the lowest price possible. The acquisition price was determined on 4th March 2016 when Brent was at US$37/bbl, not far off from its multiyear low of US$27/bbl. This shows that Reach would be able to reap full benefit of long term oil price recovery with minimal downsides. Current Brent price is at US$57.5/bbl.
Building CPF to unlock oilfield potential. MIEH (vendor for the QA) has already invested in a Central Processing Facility (CPF). Phase 1 is expected to be completed in several months time and upon completion of the pipelines in 2018, Reach could easily double its oil production to more than 10,000 bbls/day by executing more well completion and drilling more wells in its proven areas. Phase 2 would again bring its oil production to level in excess of 20,000bbls/day upon completion, indicating vast opportunity to reap more value from its oil reserves.
Market ‘under pricing’ its long term prospects. At the current share price of RM0.66, market seems to have only price in long term oil price of US$67/bbl (for 20-year time frame) - based on our backward calculation of assuming other variables being constant. We are of the view that oil prices would eventually recover to US$57/bbl beyond the implied level as oil market rebalances while cost of oil production is expected to rise in the long run.
Direct beneficiary of oil price rally.
Entering into production asset early stage providing more upside possibility.
Oil production natural decline, oilfield operational risk, country risk.
Minimal downside risk at this price point while the company is expected to escalate to the next level by tapping into the reserves of a young oilfield with limited risk of straining balance sheet.
Our discounted FCFE (10% discount rate) approach has yielded a TP of RM0.83 at fully diluted level (assuming dilution from potential placement and full exercise of warrants). Near term exercise of warrants is unlikely as the expiry date has been extended for another 5 years to 2022 post acceptance of QA by its shareholders. To illustrate, excluding dilution impact from warrants, our TP would be at RM0.91.
stockraider SO FRIEND...IF REACH TP IS RM 0.91....THEN WARRANT SHOULD BE AROUND RM 0.22 LOH.....!!
THIS IS QUITE A LONG WAY TO GO LOH....!!
dfsbipohsch REACH ENERGY - RETURNING TO UPTREND POSITION AFTER THE BREAKOUT OF RM0.64
Author: HLInvest | Publish date: Fri, 6 Jan 2017, 12:08 PM
• Our fundamental pick is our recently initiated oil junior, Reach Energy (refer to our report dated 4 Jan 2017) with a target price of RM0.83. Reach has graduated from SPAC and became a full-fledged oil and gas company after the completion of an acquisition into an O&G field in Kazakhstan on 26 th of November.
• Technically speaking, soon after the breakout of the RM0.64 level with high volumes, we opine that the recent correction phase has ended reinforced by a higher high formation. Also, the MACD Line has crossed above the zero level – indicating share price has potential to trend higher over the mid to long term.
• We called a technical buy on Reach Energy on 29 Dec and it has hit our LT objective target of RM0.71 (+13.8%). Following the continued bullish indicator on the stock and upside to our institutional TP of RM0.83, we revise our technical target to RM0.735-RM0.765 levels.
• On the cut loss strategy, we move our trailing stop level higher at RM0.68.
• Reach-WA is a cheaper entry which offers gearing of 5x. The implied warrant value is at 25 sen per warrant based on mother share target price of 83 sen.
Source: Hong Leong Investment Bank Research - 6 Jan 2017
newbie_2016 15 sen already... used to be 8 sen.. jalan already loh
musangfoxking 0.165 sold!!!!! tks for the Starbucks!!
de_investor like hibiscus....moving.....
donfollowblindly Not Reach still don't own oil company yet why big jump?
speakup musangfoxking u satisfied with just Starbucks? While the rest here are making at least minimum 4 figures profits!
musangfoxking congrats if u made at least minimum 4 figures profits! am here just to make a few cups of Starbucks! have reached my destination ,... so happy beecos of the contra gain!
speakup warrant syndicate operator haven't done yet. still got upside
speakup speakup believe everyone holding paper profit, only how big paper profit only
hian949372 if reach. 0.21.. I can buy 2 Porsche Cayman . cash
musangfoxking hian949372 , buy toy Porsche Cayman?
de_investor 2moro wil rebound back.....touching new highest....
Andrew62 now going up 105 continous buy @0.150
Andrew62 turbo charge go go go
amet2017 Go go. 18 tomorrow
amet2017 Brent closed at usd 55.86 up by 0.73%.
Source : Rigzone
RapidBeginner 0.18??????? asap pun tak boleh bau la.... cheers.....
amet2017 Bg semangat sikit la rapid beg
hian949372 guys. yesterday oil drop. cause USA holiday. demand weak lah
amet2017 Friday oil price up. Somemore positive note from this weekend opec meeting. Tomorrow oil price will further improve
BrahmaBull this is why! http://www.msn.com/en-my/news/national/harga-minyak-%e2%80%98mungkin%e2%80%99-naik-esok-kata-pengusaha/ar-AAmr8ZP?li=BBr8Hnu
derrickinvestor fock! what happen to reach? cannot reach already?
Andrew62 Everyday high volume but no price movement.
darkxfs sell this buy mtouche 0092 only 0.085 ><
yktay1 Will reach 0.16 within a week
darkxfs from 0.045 up till now already high , buy 0092 mtouche ><
Andrew62 Does anyone know what is going on with this counter?
joetosh looks like nobody want to sell @0.115... collect @0.120 lah... good luck for me... haha
speakup wa massive 44% premium to mother. wah lau weh!