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2018-10-29 11:10 | Report Abuse
Reach and Hibi, both are different EP og stocks. Anasuria Clusters of Hibi is an old well which bought over from Shell. Reach has new Wells discovered in Yessen 3, NK and Kariman Fields lately. These new discovery will increased the oil production greatly.
2018-10-29 09:53 | Report Abuse
Oil at 80 pb is considered so cheap and affordable by many, why Tesla want to produce EV which is so expensive. That is why Tesla EV is not selling
2018-10-29 09:24 | Report Abuse
Based on my calculations the oil reserves in Reach is so much and can last more than year 2036. Hibi reserves.... so sorry, I did not research that area yet. My calculations tell me that Reach Revenue is RM 77 m and profit RM 20 m.
2018-10-29 09:13 | Report Abuse
Just wait for the completion of CPF in 3Q 19, then Reach can have 12000-20000 bpd
2018-10-29 09:11 | Report Abuse
Reach oil production rate keep on increasing ie June 18--3200 bpd, July 18 - 4300 bpd, Aug 18 - 4400 bpd and Sept 18-5400 bpd
2018-10-29 09:08 | Report Abuse
Hibi Anasuria is old well, that is why Hibi has to buy new Wells in the North Sea recently whereas Reach is new Wells from 17 last year May increased to 25 oil Wells this year May
2018-10-29 09:06 | Report Abuse
Hibi is off shore and needed more money for oil exploration in the deep seas whereas Reach is on shore and need lesser money for oil exploration. Both have very very little DEBTS.
2018-10-29 08:56 | Report Abuse
Brent price still good, now in green up ie USD 77.99 pb. Reach still making profit since it is rangebound 70-80 pb
2018-10-28 12:11 | Report Abuse
Petrochemicals, derived from oil, can be used in many other products even in some plastic chopsticks!
2018-10-28 09:28 | Report Abuse
Correction in Reach share price creates an opportunity for investors
2018-10-28 09:12 | Report Abuse
China leading global refinery boom followed by Africa and Middle East. More oil demand will lead to shortage
2018-10-27 13:45 | Report Abuse
The personal consumption expenditures (PCE) index, a key measure of inflation, increased by 1.6 percent last quarter. This inflation number is somewhat lower than expected, hence the FED interest rate will not be so aggressive in the future. The US economy growth is 3.5% slightly higher than the forecasted 3.4%. This is good news showing that the US economy is not too bad after all.
2018-10-27 13:36 | Report Abuse
Soon Iran sanctions start on 4th Nov. If Opec and Russia cannot pump up more oil, then there will be a shortage of oil, meaning oil price will spike up. Let's see how og stocks perform next week.
2018-10-27 13:08 | Report Abuse
Dow down negative 500 points, but recovered a bit then closing down negative 296 points. Brent price up and closing 77. 66 b
2018-10-26 23:37 | Report Abuse
Dow is down, but Brent is in green territory ie UP!
2018-10-26 23:08 | Report Abuse
Dow Jones down 500 points but Brent price still very steady. Why? Simply...... The global demand for oil is ROBUST!
2018-10-26 14:42 | Report Abuse
Tp 75s.....Revenue RM 77m .....profit RM 20m.....my calculation....
2018-10-26 14:40 | Report Abuse
Buy buy buy now now now......cheap cheap .........
2018-10-26 11:39 | Report Abuse
Opportunity to buy now. Have no fear. Oil is money and money is oil. 3 new areas Reach is searching and drilling for oil, ie Y-3, NK and Kariman Fields
2018-10-26 11:31 | Report Abuse
Global demand for oil is robust. Analysts said that soon the world will consume 100m bpd of oil.
2018-10-26 10:28 | Report Abuse
Convert 2 Hibi and buy 5 Reach
2018-10-26 10:08 | Report Abuse
Estimated Revenue is RM 77m and profit is RM 20m for the coming Qtr in Nov
2018-10-26 10:05 | Report Abuse
Coming guys..... Going to shot up anytime. Reach, Hibi both doing fine
2018-10-26 09:28 | Report Abuse
Relax guys.... Just wait for a while
2018-10-26 07:27 | Report Abuse
Reach Energy earnings will jump up simply due to high oil prices
2018-10-25 17:49 | Report Abuse
Reach Energy has 3 latest news which were important. 1. On 2018 Oct 1st, Reach has obtained authority approval to commence the trial production period of the NK Field, 2. The spudding of the exploration well, K-16 in the Kariman Field on the 6th October 2018, and 3. The finding of 34m of oil bearing reservoir in the Y-3 well in Yessen Field.
2018-10-25 16:43 | Report Abuse
Eating eating and keep eating.......oil is money .....money is oil.....
2018-10-25 16:33 | Report Abuse
Reach Energy just found OIL in Y-3 , is like found MONEY !
2018-10-25 16:22 | Report Abuse
The next Qtr result coming out soon in this Nov will be far better than the previous one simply because of higher production , better brent oil price and forex at 4.16 niw
2018-10-25 16:18 | Report Abuse
As I speak , Reach is drilling for OIL in 3 areas , they are Yessen, Kariman and North Kariman Fields. Reach has great potential to be the next HIBISCUS
2018-10-25 16:10 | Report Abuse
Yes Franklim1989, Dow futures up because of good earnings from many companies and US 10 year yield dropped , meaning the interest rate will be steady
2018-10-25 15:45 | Report Abuse
Opportunity time to buy now when ppl are selling cheap. Reach is a good long term investments having an area bigger than Singapore and lots of OIL underneath
2018-10-25 15:43 | Report Abuse
Reach is drilling oil in Emir-Oil . So far very successful in Yessen Oil Fields. Now Reach is also digging in Kariman Oil Fields on 6th Oct 2018. Also trial production period has been approved for the NK wells !
2018-10-25 15:39 | Report Abuse
Get out of hibi my friends , something is not right here. Go to Reach because Reach just found new oil well
2018-10-25 15:34 | Report Abuse
Sell hibi and buy Reach now, guys
2018-10-25 14:28 | Report Abuse
Reach discovered new oil well in Yessen-3 ie Y-3 as reported yesterday. To put in simplest terms it means Reach found money in the ground!
2018-10-25 13:36 | Report Abuse
Oil price drop and up is normal. The demand for oil is still robust. Soon the world will need 100 M bpd of oil.
2018-10-25 09:38 | Report Abuse
Buy Reach now, since it is cheap and this company will be the next Hibiscus.
2018-10-25 09:36 | Report Abuse
Brent price is still profitable. The last Qtr result reported a maiden profit and Average Brent price was only 65 pb. Now, the brent range is 70 pb and above which is even better. Next coming Qtr will be even better, estimated Revenue is RM 77m and Profit estimated is RM 15 m
2018-10-25 09:17 | Report Abuse
Go to Reach. Yesterday, Reach reported new oil well in Yessen oil fields which is 34m deep of oil bearing reserves
2018-10-25 07:53 | Report Abuse
Depleting matured oil fields and lack of oil exploration is one of the main concern for any oil companies. However, Reach has increased the number of producing wells from 17 in May 2017 to 25 in May 2018. That means Reach will has new oil wells and have a long life span rather than many other companies that has matured oil wells. It is important for EP companies like Reach Energy to keep on searching for new wells. Since Emir-Oil has and area slightly bigger than Singapore, this company has ample opportunities to look for new wells in the future.
2018-10-25 06:45 | Report Abuse
Four years ago, the US oil rig count was about 1600 oil rigs. Today, the actual oil rigs count is only 873 which is about halved as compared to the period of Oct 2014. The global demand for oil is reported to hit 100 M bpd as early as next year 2019. This will surely support oil price if not going for US 100 pb. Reach Energy has the added advantage because of plentiful oil reserves. The recent success in oil exploration in the Yessen Oil Fields augurs well for the company. As to date Reach scores a 100% success in Y-1,2,and 3 oil Wells.
Stock: [REACH]: REACH ENERGY BHD
2018-10-29 13:17 | Report Abuse
Take time, sir.