what basis for tp 60cts

wow wow
up to 46 but no chatters here
where are the clowns?

pre cny rally

still have 1.6 yr to go. can do much with the time if the management are competent. these few months will be good time to secure deal at good price than last year

Hadian and Maznah are more worried than shareholders, founders get nothing in event of refund. they have more to lose in event of failure to secure a deal but more to gain too if good deal is secured


Posted by Abudance > Jan 16, 2015 06:22 AM | Report Abuse

Sons hasn't got much time left. Should have looked around for alternatives long ago. Salamander can be trusted again after the recent events??

can expect nothing on Salamander deal until after 6/2, no speculation will be bad news to share price unless sona has other good deals. until then can expect the share price to go sideway

Posted by Ring > Jan 15, 2015 12:33 PM | Report Abuse

“Sona, therefore, intends to approach Ophir or Salamander regarding a revised transaction post their respective shareholder meetings on Feb 6 based on new terms reflecting prevailing market conditions and level of oil prices. At the same time, Sona is also considering other alternative QA opportunities,” Sona told Bursa Malaysia......extract from Starmobile

http://www.theedgemarkets.com/my/article/sona-terminate-rm1b-salamander-og-asset-buy

KUALA LUMPUR (Jan 14): Sona Petroleum Bhd (fundamental score 0.60, valuation score 0.00) will scrap plans to buy two upstream oil and gas (O&G) assets in Thailand for US$281.2 million (RM1.01b) from UK-listed Salamander Energy plc following a rival offer.

Sona and Salamander intends to mutually terminate the previously-announced sale and purchase agreement (SPA) for a stake in the B8/38 and G4/50 concessions in Bualuang, according to Sona's statement to Bursa Malaysia today.

The termination follows UK-listed Ophir Energy plc's proposal to acquire Salamander via a share swap. Under the exercise, Salamander shareholders will be entitled 0.6 Ophir share for one Salamander unit held.

Despite the SPA termination, Sona said it was still eyeing potential deals with Ophir and Salamander for a stake in the Bualuang O&G assets.

"Notwithstanding the above, given its knowledge of the asset, Sona Petroleum remains interested in acquiring a stake in the Greater Bualuang area.

The dip will be short-lived in the long history of crude oil price cycles. Oil prices have always bounced back and this is not going to be an exception

Assumed that crude oil prices would remain depressed during the first quarter 2015, then slowly ramp up and accelerate as next winter 2015 approaches. By December 2015, we will see a much tighter oil market and significantly higher prices.

In the present scenario (Jan 2015) of tumbling oil prices amid a supply glut, current (Jan 2015) low oil prices may well be a prelude to global oil shortage as early as 2016.

It is believed that the current (Jan 2015) low crude oil price could be an overkill and result in the next "Energy Crisis" by early 2016.

Forecasts Cut

Goldman reduced its six and 12-month WTI predictions to $39 a barrel and $65, from $75 and $80, respectively, while its estimate for Brent for the period were cut to $43 and $70, from $85 and $90, according to the report.

): Goldman Sachs said U.S. oil prices need to trade near $40 a barrel in the first half of this year to curb shale investments as it gave up on OPEC cutting output to balance the market.

http://www.theedgemarkets.com/my/article/oil-producers-betting-price-drop-opec-unbending
http://www.theedgemarkets.com/my/article/oil-extends-fall-goldman-sachs-cuts-forecasts

http://www.theedgemarkets.com/my/article/goldman-sees-need-40-oil-opec-cut-forecast-abandoned

everything go up, must come down

what's down will also go up

cant believe the mighty giant is crashing

http://www.theedgemarkets.com/my/article/why-opec-talking-oil-down-not-after-48-selloff

“The faster you bring the price down, the quicker you will have a response from U.S. production -- that is the expectation and the hope,” said Jamie Webster, an analyst at consultants IHS Inc. in Washington. “I cannot recall a time when several members were actively pushing the price down in both word and deed.”

“It seems in their interest to have a swift fall rather than a slow, grinding fall,” Miswin Mahesh, an analyst at Barclays in London, said by phone. “A swift drop in prices would bring more changes to non-OPEC supply,” while a more gradual decline would let companies in other oil nations “merge and become more efficient.”

Helmerich & Payne Inc., the biggest rig operator in the U.S., said it had received early termination notices for four contracts, while a second contract driller, Pioneer Energy Services Corp., said four rigs had been canceled early. Producers may cut short another 50 to 60 agreements, according to Andrew Cosgrove, a Bloomberg Intelligence analyst.

Companies are paying to cancel rigs rather than keep drilling after the plunge in oil prices. Contracts for the 190 rigs that on-land drillers were projected to add this year, known as newbuilds, have the highest risk of being terminated, Cosgrove said.

http://www.theedgemarkets.com/my/article/oil-extends-rebound-amid-speculation-us-shale-boom-slowing


Oil extended its rally a third day amid speculation a slowdown in the U.S. shale boom will reduce a glut that’s driven prices to the lowest in 5 1/2 years.

Futures rose as much as 1.7 percent in New York, trimming a seventh weekly decline. U.S. producers are bailing out of long- term contracts for drilling rigs as prices sink below $50 a barrel. U.S. crude stockpiles unexpectedly shrank by 3.06 million barrels in the week ended Jan. 2, according to the Energy Information Administration.

The Organization of Petroleum Exporting Countries is battling a U.S. shale boom by resisting production cuts, signaling it’s prepared to let prices fall to a level that slows the highest American output in more than three decades. The United Arab Emirates has no plans to curb production no matter how low prices drop, Yousef Al Otaiba, the nation’s ambassador to the U.S., said in Washington.

“Some U.S. producers may need to reconsider their investments because oil prices have now halved,” Ken Hasegawa, an energy trading manager at Newedge Group in Tokyo, said by phone today. “But it’s unclear if the declines are over.”

be patience. just consolidate for the next move up

no deals yet. just rumours of mou soon

hopefully, the deal is good and oil price stabilized and move up later in the year, then sona will have a superb 2015

maybe the stock of the year 2015!!

Posted by callme777 > Jan 8, 2015 08:48 AM | Report Abuse

If sona can get a deal done at this current oil prices, this share has a potential to be the next big stock. Sona is lucky that the sc delay has really done sona good and if the deal is secured at these levels and oil rebounds, this stock has an advantage over the rest of the peers

true, but too low oil price, no low cost & efficient oil firm is willing to sell cheap cheap

Posted by Ant > Jan 8, 2015 08:26 AM | Report Abuse

Crude oil the lower the better for sona.
In fact sona can buy 100% salamadaer now since their share price drop from 120+ till now 60+
If i not wrong

if the mou is good, oil price rebound later in the year, then
shud have good show time for 2015

good show today, up 1 cts

wow, flying

this counter die liao

http://www.theedgemarkets.com/my/article/energy-crisis-early-2016-oilpricecom

KUALA LUMPUR (Jan 6): Incredible as it may seem, in the present scenario of tumbling oil prices amid a supply glut, current low oil prices may well be a prelude to global oil shortage as early as 2016, according to Oilprice.com.

In an opinion piece Dec 30, Energy Prospectus Group president Dan Steffens said: “For a commodity as critical to our standard of living as oil is, it only takes a small shortage to drive up the price.”

Currently there is just 2 percent more crude oil supply than demand and the price of gasoline is under US$2 per gallon in Texas.

“If oil supply falls too far, we could see gasoline prices doubling within 18 months, he said

kos, what is the target

thanks god

Posted by Jun Clj > Jan 6, 2015 02:15 PM | Report Abuse

God come to help sona.

what's up

oil price down, sona up
something brewing?
true or not

What is going down wth felda