My Trading Adventure

Bearish : Oil and Gas

CP TEH
Publish date: Fri, 28 Nov 2014, 12:51 AM
CP TEH
0 2,918
All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.


RED ALERT : After the the OPEC meeting ... there you are. The risk of cyclical sector. This will hurt the CPO price too.



Alam : Break 80cents tmr ... check 70cents. Perhaps ... 60cents.


Armada : Closed 1.28 today ... new low. Will it turn into a penny soon?


Scomi : Below 30cents ... waiting for 20cents?


SKPetrol : Under heavy selling ... RM3 breaking soon? Watching RM2.85 tmr.



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Discussions
1 person likes this. Showing 7 of 8 comments

profit profits

Oil price drop does not impact the profits of these companies who just work to transport oils for petronas. Since Opec not to cut production, should not it means still same amount of works for them.
i am confused.

2014-11-28 08:19

ketupatlazat

That's the fundemental side.

This market right now is 99% sentiment-driven. fundamentals wont be in any way effective in the short term

2014-11-28 09:39

Kian Leong Lim

Oil price drop doesn't necessary going to impact the edible oil market. You can always not drive a car, but you can not goreng sayo without edible oil. The palm oil is the cheapest as a ingredient for all edible oil. If you are eating at home, you probably will use corn oil, sun-flower oil, and etc. But if you are doing business, to reduce cost, you definitely are more likely to choose palm oil. Ibelieve the price of palm oil will have at least 2 years of volatility and it will go up to RM2500 per ton and stay there more permanently as more improvement are seen in the world economy. Oil slide improves economy in general. The oil slide will assist the palm oil sector and not hurting it is my opinion only. As humans, guys or girls, we all also like to do the love things, no matter when, that is why population can only increase in the long term. This is growth for palm oil too!

2014-11-28 11:57

murali

Cpteh likes to talk abt the history..anyway stock investment is abt predicting the future

2014-11-28 14:02

miapancho

OIL N GAS CLASSES SOON...HOW ABOUT THE FEES,,HOW MUCH ??????????

2014-11-28 22:18

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