Opec said again..... The cut of oil production is on.

Hibi will go back to RM 1

Why Hibi up? Distillate huge draw of 4.237m barrels will push oil prices UP. That is the reason.

Good news for oil. Distillate draw is 4.237m barrels. This huge draw of distillate will certainly push oil prices up.

Good news for oil. Distillate draw is 4.237m barrels. This huge draw of distillate will certainly push oil prices up.

Hi Ameera, buy and hold. My reasons of investing in dgsb are : 1. Very small debts only RM 2.837m, 2. Cash in bank is RM 25.112 m, 3. Revenue is consistently RM 20 m average per Qtr, 4. Still making a small descent profit for the last 2 Qtrs and lastly 5. The business model is good especially in cloud computing

Relax bro, oil price will rebound

Relax bro.....oil price will rebound

Mariah kita sabar menunggu memberi peluang kepada CEO menunjuk belang beliau dalam bidang industri og ini. Beliau memang ada pengalaman yang luas.

Stock in sudah ada banyak perubahan dari segi bidang kewangan. Jika abang mengkaji Acct Aliran Tunai iaitu cash flow acct, dalam tahun 2018 sentiasa positive manakala dalam tahun 2017 sentiasa negatif. Ini menunjukkan kepandaian CEO En Shahul

Opportunity only comes once in a blue moon. Buy now, no worries. Reach has excellent cash flow of RM 37 m

The Shale Oil Producers in US are now under great pressure as the WTI crude fall below 50 pb. Reach Energy has survived the worst in 2016 and 2017 when Brent is only average 35 pb and 42 pb respectively. Now Brent is 59 pb

Please check out the cash flow account sir. Reach has positive cash flow of RM 32.463 m from operating activities. This is more important than a small loss of RM 5 m. So no worries. I see opportunity to buy cheap and keep.

At 60 pb, it is still ok for Reach Energy. In 2016, it was only average 35 pb. In 2017, it was average 42 pb. So today, at 60 pb, it is more than OK.

Stay cool and relax. Just buy and keep.

https://www.cnbc.com/2018/12/13/legendary-trader-andy-hall-bets-oil-prices-are-going-to-rebound.html

Share consolidation simply means the share count is halved but the share price is double. Hence, the value is still the same. If the closing is 5.5s, then the next day after the share consolidation, the share price will be 11.0s

Reach Energy start small just like Hibiscus 5 years ago, sir.

Be like Chevron , buy and invest in Kazakhstan. Buy Reach Energy.

A super big US oil company Chevron is investing in Western Kazakshtan . Reach Energy is also in Western Kazakshtan.

https://oilprice.com/Energy/Crude-Oil/Chevron-Bets-Big-On-Supergiant-Oil-Field.html

It is time to buy Reach guys. Don't wait too long. Just buy and wait for NK-3, Y-3 and K-16 wells to increase oil production. Buy long term and hold.

Relax and stay cool

Why down?

Check out the cash flow account for the last few Qtrs, Reach Energy has shown strong cash generated from operating activities

Reach has positive cash flow from operating activities of RM 32 m.

API reported huge big draw of 10.18 million barrels of oil. This simply shows great demand for oil globally.

Reach managed to pull through in 2016 (avg Brent price is 35 pb) and in 2017 (avg Brent is 42 pb). Now Brent is 60 pb

Last Qtr, the loss in RM 5.125m, ie owners of the company

Reach is only 2 years old starting from May 2017 when they took full control of Emir-Oil. So not too bad for a very young company in a matured oil industry. The CEO, Mr Shahul has 38 years experience in the oil industry working in ExxonMobil and Shell.

Very difficult to calculate because the last QR, not stated how many barrels sold. However, the total revenue now after 3 Qtr is RM 150 m, almost equivalent to the whole of last year ie RM 157 m.

Never play CONTRA. Buy and hold.

Buy long term simply because of new oil discoveries in NK-3 and Y-3 Wells. Now K-16 well is in the process. Just wait for these 3 Wells to be in FULL swing

The last Qtr results showed a revenue of RM 40.836m despite extreme weather conditions in the Aktau region. As usual, during the period of July to Sept, the weather in the Aktau region is very cold, this will hinder some business activities. However, with the new oil well in NK-3, the increased in oil production will be about 34.5%. Plus new oil in the Y-3 well and also the K-16 well.

Just buy and invest long term. Have faith in the company.

Nothing wrong with the company sir. Reach is still digging Brent oil in the Emir Oil subsoil , the area slightly bigger than Singapore!

All Reach has to do is just dig the oil from the wells and sell.

No need PP or RI because Reach has very good cash flow of RM 32.463 m and net cash in bank of RM 37.325 m

Reach has Zero bank borrowings. Only a loan from the corporate shareholder

Buy as an investor. Just wait for the CEO , Mr Shahul to produce the results

Reach Energy has discovered oil in NK-3, Y-3 and K-16, surely the share price will go up.

Patience and only long term investors are encourage

I don't think Mr Liu dump his shares. I looked at it from another angle. Maybe a new partner, a rich guy is coming.

I am still buying and keeping .

Relax guys, Brent is now up ie 62.02 pb. Stay cool and relax

Yes, Mr Liu sold 54 m shares at 18s to someone, must be another big guy. Let's wait and see who is that rich guy who invested almost RM 10 m in Huaan.

Yup, Reach on its way up. Thanks to OPEC and NOPEC.

Thanks for sharing harlem

To survive in any oil CRASH, the first thing to do is to cut costs and CAPEX. This is exactly what Reach Energy is doing.

All these ventures and partnership do not need high costs.