Noraini...Really?....Are you sure?...OMG

Well...It is business decision...Good Luck

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Posted by Noraini Ismail > Dec 1, 2014 12:29 PM | Report Abuse

YK......today doomsday for O&G counters......sorry cannot answer yr questions.....I can only advise to stay away from 0&G related counters for awhile until get some rebound signal from crude oil.........
I've sold all my O&G counters & half Sumatec last Friday..........not planning to buy back
Instead switch capital to AAX & AASia ........

Intrisict value 0.15......Fair value 035-0.40....maybe more.......

Who accumulate?.....he...he..he

ooppss....What happen...Buy Nexgram and Sumatec....Under value counters with good fundamentals..

:-) Good luck to all...

Bing... what is BP?

:-)

simon ...I like your positive attitude.....
333

Antz ...agreed....Just invest....

lovemiracle...learn to be more polite...I will be more polite to you....ok..

lovemiracle ....I don't care who the fark you are....you don't own i3...I never interfere in your idiotic comments ...so shut up....

When Sumatec was in PN17 and the price was 0.62...everybody rush in to buy Sumatec..

When Sumatec out of PN17 and showing profit margin of 58%...Most people are scared to buy at 0.23...

Latter if price shoot up to 1.20....A lot of people will say....Haiyaaaa

Talking about Human Behaviour...

Petronas-BIG BROTHER

SUMATEC-YOUNGER BROTHER

doing same business....oil producer..

Billionaire wildcatter Harold Hamm, a founding father of the U.S. shale boom whose personal fortune has fallen by more than half in the past three months, said U.S. drilling will slow as producers cut back amid falling oil prices.

Declining activity from Texas to North Dakota won’t be as harmful to the industry as some have feared, the chairman and chief executive officer of Continental Resources Inc. said. OPEC’s refusal to curb output last week bodes well for U.S. producers that can outlast countries in the cartel, which depend on higher oil prices.

“Will this industry slow down? Certainly,” Hamm said today in a telephone interview. “Nobody’s going to go out there and drill areas, exploration areas and other areas, at a loss. They’ll pull back and won’t drill it until the price recovers. That’s the way it ought to be.”


Read more.........

http://www.bloomberg.com/news/2014-12-01/billionaire-shale-pioneer-says-drilling-will-slow.html

Simon...you could be right...More Negative news on Shale expected.... operators cannot cope with the cost...they are losing...serve US Jews right...Waiting for natural death...

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Posted by simon333 > Dec 2, 2014 10:39 AM | Report Abuse

Recovery just second , heard confirm news , tomorrow fierce recovery , 80 -90 per barrel .

All O & G stock strong rebound today....

WHAT THE HECK!!!!!!! SAPU.....DOWN BUY SOME MORE............

NEXGRAM TOP TWO!!!!!!!BUYYYYYYYYYY

Anything below 0.15 is BEST BUY!!!!!!...Wait for the RALLY!!!!

TPY could be pushing up again.....

sapu......

What the heck ....Nothing to lose at 0.075...can take calculated risk.....undervalue....Nazri Khan could be right.....


http://www.bernama.com/bernama/v7/bu/newsmarkets.php?id=1089397

I am taking calculated risk.....Nazri Khan could be right....


http://www.bernama.com/bernama/v7/bu/newsmarkets.php?id=1089397

Sapu...if down buy some more...what the heck.....

Strong rebound in Sumatec today.....On standby.....What the heck?.....Where can I get the cheapest O & G counter.....Nothing to lose at this price.....

No further "selling" from TPY to his "buyer"....Nexgram is anticipate to move up very strongly....depending on market sentiment.....

ISIS.....not sure whose conspiracy theory (some say it is US/jews agenda and some say middle east agenda)...but either way will kill shale oil.....

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Posted by DickyMe2 > Dec 1, 2014 11:34 PM | Report Abuse

Global oil price tumbled due to black market cheap supply from ISIS..so says some sources. Meanwhile WTI CRUDE, seemed to have lost it's upward momentum

Protasco will become the subsidiary of Nexgram....who nows...

I want to see US shale oil jews die of natural death...the sooner the better....once and for all...now whatever they plan have backfired...

US shale margins evaporating

Publish date: Sun, 30 Nov 23:55

SHALE stocks have been hard-hit as investors see margins all but evaporating following the slide in crude oil prices, but the United States shale energy boom is not over.

An index of oil and gas (O&G) exploration and production tumbled 8.15 per cent on Friday as US crude fell almost 10 per cent to around US$66.36 (RM224) per barrel to hit its lowest in 4½ years.

The slide came the day after oil cartel Opec (Organisation of the Petroleum Exporting Countries) decided not to cut output in a meeting in Vienna. Prior to the decision, Saudi officials were reported as saying the kingdom, with its large currency reserves, was prepared to withstand oil prices as low as US$70 to US$80 a barrel for up to a year.

But the weaker shale players may not have that long.

"We do not know if Opec has ulterior motives to let oil prices drift lower and pinch the global exploration and production (E&P) sector, or if reaching a consensus on cuts was just too challenging," wrote Wells Fargo Securities in a client note.

"What is clear is that lower cash flows are highly likely to translate into lower E&P spending."

US crude prices were catching up to Thursday's action in Brent as markets across the US were closed for the Thanksgiving holiday. Friday's was a half-day session.

"We'll wait to see the trend next week when there's full market volume, however it's clear that as oil prices come down there will be pressure for the weaker of the companies in the sector, particularly exploration and the ones that are highly indebted," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.

The overall energy sector of the S&P 500 fell 6.3 per cent on Friday, adding to its year-to-date losses, now at 10.3 per cent.

Fourteen of the sector's more than 40 stocks are within two per cent of a 52-week low and the sector's weighting on the S&P 500 has dropped to single digits, closing below eight per cent after Friday's shellacking, according to data compiled by Reuters.

Nearly 90 per cent of the sector's shares are trading below their 100-day moving average.

However, the sharp declines also create an opportunity.

"We recently moved from an "underweight" to a "neutral weight" rating in energy, so directionally we agree with the idea that this weakness is a buying opportunity, but it is very hard to tell where the bottom is," said Tony Roth, chief investment officer at Wilmington Trust in Wilmington, Delaware.

"Crude seems to have no floor right now, and we could easily see the price fall into the low US$60s."

With the big stock price drops, others see a run to consolidation. The sector subindex is down 12 per cent this year, with year-to-date losses of more than 20 per cent in seven companies.

"I think we'll see some healthy consolidation take place," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in Menomonee Falls, Wisconsin.

"Some may wither on the vine, but technology has improved to make it profitable to extract at a lower price point than last year. As a result, we'll probably see some opportunistic buying." Reuters

Sumatec price is bloody tempting......Sharks loves redmeat....

http://www.theedgemarkets.com/en/node/172354

The shareholder’s tussle in Protasco Bhd is set to continue as its two ousted non-executive directors Tey Por Yee and Ooi Kock Aun say they want to take control of the company.

“This is definitely our plan going forward,” Ooi told The Edge Financial Daily over the phone after the duo failed to remove the company’s group managing director Datuk Seri Chong Ket Pen from the board at the EGM last Friday.

“We want to take control of this company [Protasco]. It is a good company and the infrastructure contracts they have in [hand] are good for investors,” said Ooi.

Currently, Tey and Ooi, along with their investment vehicle Kingdom Seekers Ventures Sdn Bhd, collectively own a 23% interest in Protasco.

In the other faction, Chong controls a 21.86% stake in Protasco.

http://www.theedgemarkets.com/en/node/172354

The shareholder’s tussle in Protasco Bhd is set to continue as its two ousted non-executive directors Tey Por Yee and Ooi Kock Aun say they want to take control of the company.

“This is definitely our plan going forward,” Ooi told The Edge Financial Daily over the phone after the duo failed to remove the company’s group managing director Datuk Seri Chong Ket Pen from the board at the EGM last Friday.

“We want to take control of this company [Protasco]. It is a good company and the infrastructure contracts they have in [hand] are good for investors,” said Ooi.

Currently, Tey and Ooi, along with their investment vehicle Kingdom Seekers Ventures Sdn Bhd, collectively own a 23% interest in Protasco.

In the other faction, Chong controls a 21.86% stake in Protasco.

Let's see who die of natural death first......US Shale oil or OPEC

hmmm..

PE for Financial Year: TTM
Stock Price : 0.23 (2014-12-01)
EPS : 19.58
P/E Ratio: 1.18
http://klse.i3investor.com/servlets/stk/fin/1201.jsp

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Further P/E De -rating… Given that oil price is likely to continue stay low for next 6 months (previously we assumed mid-term of US$80-90), negative sentiment, capex cut and lack of sizeable contract news flow for upstream sector, we further reduced target P/E for big cap from 16x to 14x with small and mid-cap reduced from 12 -14x to 11x. Thus, TPs were reduced by average 12% across our universe.

....read more

http://klse.i3investor.com/blogs/hleresearch/65501.jsp

steveooikp .......make sense...that is why I said.... .According to analyst.....Intrinsic value 0.15.......Fair value 0.35-040....

The oil price fiasco sentiment is temporary.......Petronas & Sumatec are oil producers....not really an issue....but Petronas vendors e.g...KNM, Pantech, Armada etc will have BIG problem if Petronas cut their CAPEX.....

Absolutely agreed.........According to analyst.....Intrinsic value 0.15.......Fair value 0.35-040....

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Marina Yes..why u all worry now
Welcome

If the company in trouble
The corporate division will not dare to reply my email
01/12/2014 18:02

thanks marina.....they told me the same thing.....Fundamental...No issue...only sentiment...NG will recover naturally.....

US shale oil will die of natural death...believe me....OPEC knows something....

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lovemiracle MAY TAKE 6M TO A YR 86868 I BELIEVE US60 STILL MARGINAL PROFIT IF PLUG AND PLAY AS PER KAPITAN
01/12/2014 17:52

will sumatec be ok if oil price stabilize at usd 80?


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Looiks USD 60 wl be hard for 3/4 of US shale oil producer. No christmas for them this time.....he....he... But Suma still survive. Let see btwn Suma, Sonarita and 'Bungaraya' which wl survived this time? Lucky for Suma, they hd strarted production in small scale this year with zero gearing. Managed to grab high profit margin before downturn.
01/12/2014 17:38

Will break 1.00......according to simon333

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Ring @stonenut....i agree with u, may hit 40 any rebound is next year. The stumbling blog now is Saudi: 1) have sufficient funds to manage for one year 2) want their oil to penetrate US. 3) Will US cooperate. 4) In US mind they want to sabotage middle east.
01/12/2014 17:36

What happen to your 1.80?...

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stonenut i still miss those days Suma reach 0.61

so nice man!
01/12/2014 17:30

How I wish.......Kill the American jews shale oil once and for all...

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DickyMe2 Just be positive, besides OIL is just around the support level, worse case is $50 to $56. I am sure non oil producing countries will take the opportunity to increase their demand to raise their oil inventory.
01/12/2014 17:26

Looiks ....anymore good story kah?

TPY should have sell his shares after trading hours to his Big Buyer........

Ring.......you can call the CFO...



Ring Saudi says they r comfortable with 80.All i know Suma secretive about their production cost besides they hv to pay royalty etc n they using American assets to drill which is expensive.Any expert @ 80 what is d profit/barrel???????..tks.
01/12/2014 17:13

Sumatec is the only O & G counter that is worth buying now .....The price is too tempting....

Btw...Roshidah reads i3 too.....

I suggest all of us call Roshidah tomorrow if there are any truth in your allegation..

If it is true...lets meet HS to give him an F U.....deal?

http://www.sumatec.com/investor-relations.php

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Musashi57 B4 crude oil plunge I wanted to check it out @ 16.5 why?bcos CMY entered @ 16,HS too entered @ 16 but count him out bcos he didn't pay a dime,,,so wont hurt hus wallet ha3..then a forumer ask how do I know if they are still holding that many shares since large numbers are traded and there seems to be distribution...then the crude oil plunges... i think even cmy ....go figure ha3
30/11/2014 16:51

Positive...Positive...Positive......That is all I think...