qqq33333333
negative oil
Don't believe the traded prices at around US$ 20/ barrel
In the real world where physical oil is traded, there are places you get negative oil....meaning oil producers pay people to take away their oil.
why? Because demand has totally disappeared and it costs a lot of money to shut down oil wells. So, the real price of oil is now negative in some places.
The only people who are laughing are those operating oil tanks. You got oil tanks, you got gold in your hand. Like Dialog.........Dialog got oil tanks, and now oil tanks are Kings.
You cannot find oil tanks, what are you going to do with your oil? Throw them into the ocean? Flood them into the rivers?
Now.....this is proactive................Telling you as it is....................implications on your oil and gas shares? You think about it yourself..........................................
On the other hand, those who use oil as raw materials see their raw material costs slashed.................companies like Top Glove , P Chem, Supermax
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Discussions
Be the first to like this. Showing 14 of 14 comments
all the OG counters..................hamkar chan already..................
2020-03-30 10:43
I mean if you are not holding shares that benefits from collapse of oil, I don't why you are holding shares at all.
2020-03-30 11:38
Scib and Kpower. These u can keep based on Karim power and what he can do with his new toys. Nothing to analyse.
2020-03-30 11:44
what do u do if u got a lot of cash?
I would suggest cash is king.
Got cash, life will be ok whatever happens.
why want to gamble and lose the cash?
2020-03-30 12:32
what do u do if u don't have a lot of cash?
then u will be tempted to gamble.
2020-03-30 12:34
OG is the only industry with negative prices............producers pay u money to take their stuffs away...................
2020-03-30 13:08
Haha qqq3,
If you have exhausted land oil field you can pump the oil into these ex oil field.
2020-03-30 13:51
ted by Sslee > Mar 30, 2020 1:51 PM | Report Abuse
Haha qqq3,
If you have exhausted land oil field you can pump the oil into these ex oil field.
===============
u think I make up the story meh? I read about it one..............
2020-03-30 14:17
wallen the bufalo cannot stand aside............substantial shareholders cannot stand aside ..........maybe even Philips cannot stand aside..............analysts and cults and cultists cannot stand aside............
but I can..........can u?
2020-03-30 14:24
Haha,
Everyone now you are traders. The reason you can stand aside is because you all in Kpower and Scib and now run empty can see but cannot act.
2020-03-30 15:33
COVID-19 Leadership Lessons From Singapore: Be Ready, Be Bold & Be Decisive Amid The Uncertainty https://flip.it/CY-uCU from Flipboard.
Singapore, smart country.
Malay unity government, 100 years later still dumb and stupid, cannot compare.
2020-03-30 16:22
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qqq33333333
Dialog, Top Glove , P Chem, Supermax
2020-03-30 10:42