Pressing up already. No looking back. Its uptrend. Buy and keep. 10- 20 sen should be the medium term target. Tech stock started. Oil and gas later....coming. Buy and stay invested. Already 0.5 sen - 1 sen bad times over. What cannot kill you makes you stronger. Sumatec is rising from the dead like salted fish coming back to life. Should break 4 sen anytime soon. Don't listen to anyone who wanted you to sell now. Its not the time to sell. It is the time to accumulate. Those who bought early early at 1 sen already kaya. So just wait and see...wait for 20 sen ...and see who will be laughing later and who will be crying later for not buying now. Super Sumatec is coming. Believe it or not?

Globally oil is price is slowly going up...so it is a matter of time. Only those whoa re patience will reap rewards later. Those gopoh gopoh sell will cry later for selling too soon too fast.
https://www.thestar.com.my/business/business-news/2019/07/27/oil-gains-on-us-economic-data-gulf-crude-tanker-dispute/#cxrecs_s

I think some people already know it is rising from the dead...they buy from you at 3 sen now. Then at 20 sen they sell back to you...hahaha....This is how they trade. So don't be a fool to sell now. Just hold or add. Don't sell....keep. I thinking something is brewing...srsm trader is right on!

Everyday 921 barrels of oil....and further increase to 1,600 barrels per day.....come one...now at only 3.5 sen....cheap cheap..buy. Lets hope Sumatec will rise back to 20 sen in the near term. 3.5 sen is just too cheap for an oil company.

Relax lah...wait lah...Wait for more good news...When this cannot kill you nothing else will...Sumatec will rise from the dead...hahaha

"With this favourable court decision, COG, now that it has no more unproductive distraction, has proceeded on the oil production front with its 2019 well workovers programme involving a total of eight wells," Sumatec said.


It added that COG is in advance stage of developing its investment plan for the proposed gas-condensate processing plant.


COG is currently working on well workovers programme which involves eight wells, with a target of resuming production to around 921 barrels per day by end-2019 and further increase to around 1,600 barrels per day by mid-2020.



https://www.thestar.com.my/business/business-news/2019/07/03/quick-take-sumatec-shares-jump-250pc-in-early-trade/

Keep lah why sell now kacang puteh profit. Wait till 10 sen or 20 sen. I wait already so long....might as well wait. My average 4 sen only my price. Now net net still lose 0.5 sen. Don't rush to sell for nothing lah. This Sumatec is very speculative lah. Wait lah...let it jump one time to 40 sen then we sell. If not at least 20 sen lah. Relax lah. All here also waiting. Wait for the show lah. Buying signal triggered. But no selling signal. Why sell?

Yeah...sabar...sabar...if you drive a motor car you need oil. Oil can drop but can rise if the supply shrink due to war or other natural disaster. If sell now at 3 sen it is not worth the while after investing here for so long. I just tunggu and sabar. 3 sen not worth my money to sell making a 1 sen loss. So let it rise to at least 10 sen or 20 sen. Then worth selling. If sell now at 3 sen I rather it rot. That is the gamble. But no point if I sell now tomorrow it rise to 7 sen. Should I chase? See? Those people who sold at 1 sen and 1.5 sen now banging balls. 3 sen now. hahaha.

Buy signal triggered on Jul 3rd. So no sell signal yet..unless break 2.5 sen support.

Facts...Oil. Globally, we currently consume the equivalent of over 11 billion tonnes of oil from fossil fuels every year. Crude oil reserves are vanishing at a rate of more than 4 billion tonnes a year – so if we carry on as we are, our known oil deposits could run out in just over 53 years.
Every car needs oil to move...unless no cars on the roads...then Sumatec bankrupt.

Sabar...kalau naik...mesti naik...lebih lagi...ini sikit2 untung mau jual buat apo? Harga pasaran dunia minyak sudah melambong...sabar...tunggu masa. Ini minyak mesti emas hitam...kena sabar. ..kena tunggu..kereta banyak traffic jam ..mau minum apa?? minyak lah...sumatec minyak takut bankrupt?? ?Tak masuk akal... Tunggu...saya pun under jual...tunggu dia naik aja.

@ leoleo In fact I got nothing to worry...and everything to gain. I bought a few rounds and average...stuck at 4 sen average... when it dropped to 0.05 - 1 sen level, I cannot back out....stuck in the mud. So it was 4 sen hold frozen rotten underwear all in. Now it reversed gear and move up...the ladder...so it was a relieve...like salted fish coming back. Well it is like 2nd life. Was already dead at 1 sen. To see it rising back to 3.5 sen is already a miracle. So might as well wait for it to go 10 sen. Good luck bro.

So the goreng is really a target for syndicate playing with rising oil price sentiment and also the Sumatec rock bottom prices. Its break or make. Who dare who win...Who kecut better don't play. This is really a test of guts... To go in or not? You decide. I already all in with underwear. So I am really stuck here ready to battle. But me ikan bilis lah..not much... underwear only small small play. Even lose all no worry.

Rising oil prices lift ringgit against US$

I think this is the reason...oil prices kept increasing making Sumatec a good buy with calculated risk...

Read more at https://www.thestar.com.my/business/business-news/2019/07/15/rising-oil-prices-lift-ringgit-against-us$/#Ch7C65TP2DeJ8Q2I.99

Good run. Will shoot up. Someone is pushing... ikan bilis cannot push. Some bloody smart syndicate has accumulated enough at 0.05 sen level. I salute those players. Now how many percentage they got?? But I see the run not over yet. Maybe should be above 10 sen at least...Lets see how they play. Good luck brothers who hold and bought at 0.05 - 1 sen level.

One last push please....go go go...20 sen please....goreng lah.

up 50%. haha.

This is good news to sumatec... I mean something to cheer for...https://www.thestar.com.my/business/business-news/2019/02/27/oil-rises-on-opec-led-supply-cuts/

Buy more lose more. Buy some more lose some more. Never say die ? Average down?? This is suicide. Kamikaze investing. Be careful my friend. I am not a sour grape. Just here to tell the truth. Any way I wish you good luck. I also hope you make money. I am not a bad guy. But it is just a hope for the hopeless. Yeah...all the best to my kamikaze friends.

Hopeless.

Got chance... dead fish come alive?

What ?? At least FD can get 3 - 4% better than here...most people here losing 30% - 40%. How many are winners here ? Look at the price. From a high of 35 sen to the lowest 18.5 sen. With the buy and sell commission added ... you think you can make money? Even those bought 18.5 sen lowest are not making much money at this price of 19.5 sen. Don't con people already. 18.5 sen is not the lowest. We have not see the real bottom yet. How sure are you 18.5 sen is the bottom? Don't play with fire. This counter is really making a lot of people lose. Not win. Please don't ask people to buy. Let them decide by looking at the chart. This is a not a good performing stock base on the chart. If you still say it is good, I don't think you know how to read charts. From day 1 itself it was on down trend and is still on down trend until today.

So many Con man here. Be careful.

@naaim207 yeah its a lousy and worse performing stock anyway. Sucking out hard earned money from investors. How many % are winners here ? I think almost 95% are losers. Well I am one of the losers here. I admit. Buying this stock is a wrong decision for me too. Go check the history how it drops and drops like no tomorrow. Then stock are diluted...and again suck investors dry. See the chart. Open your eyes before investing this stock.

Nothing much can do around here except to wait for oil price to shoot above US$100 per barrel.

21 sen is the resistant and temporary 18.5 sen support. Be careful of chasing high.

Not sure why are there still so many loyal DPIH supporters still around after losing so much money.

Profit taking.. run. Buy cheaper later.

Useless stock. I bought below IPO price and still lose money.

Something is really fishy... fishy... going up and down...but keep going down lower and lower. Anyone here still loyal fan of comcorp?

Why? Still here?

Why ? Still here?

Run if drop below 27sen...

From the chart you can clearly see the accumulation started around 3 sen to 4 sen from Oct to Jan. Those fellas are the ones selling when it touch 6 and 6.5 sen. The profit is huge. If you want to move up you need to wait for them to finish selling. Be careful chasing high.

Accumulation at 1 sen I guess..tunggu show lah.

It really means nobody selling at 0.5 sen anymore... looking forward to 5 sen!

only 100 units done at 0.5 sen...the rest 31 million all 1 sen...bravo!!!!

Shit....eating up 1 sen...someone must be buying back....those stocks....cheap...Must be oil going up.

Surely something is coming............1 sen finishing. High volume. 30 million eating up 1 sen...

Maintain 1 sen...enough...later go 1.5 sen...then 2 sen...

100% again. wow..how many rounds?

We are being cornered to sell at 0.5 sen or buy at 1 sen. So my choice is to reverse it. I queue sell at 1 sen and later buy back at 0.5 sen and repeat this formula. hahaha...

Sleep first.

Down 50% damn...HS selling again?

No... I got fed up...losing in this counter. I just comment my past experience. I never dare to touch this again.

Wah today up 100%....either drop only 50% or up 100%!

Selling at 0.5 sen is just unthinkable.

What made Halim tick, both in the past and recent years? He shares his thoughts with FocusM.
Source : http://www.focusmalaysia.my/Mainstream/halim-racing-to-reverse-sumatec-s-fortune
This article first appeared in Focus Malaysia Issue 274.

How and when did you get into the oil and gas (O&G) business?

It’s not a new venture. I’ve actually been in the business for a long time, ever since my days with Sapura (which was then Crest). Over the years, I’ve travelled to nearly 40 countries looking for the right opportunities, and I’ve studied this area in depth.



What made you decide on Kazakhstan?

Of all the former Soviet Union countries, Kazakhstan is the most politically and economically stable. In terms of ease of doing business, the country ranks highly as well, although not many people are aware of this.

We also have to consider that the days of offshore oil are over. It is too expensive, and you can only be profitable if you have a huge oil field. If you are a small player and go offshore, you are finished. A large portion of reserves in Kazakhstan are onshore, so the cost is much lower. With the current oil prices, it makes more sense to look onshore.



Are you keen on oil opportunities in Malaysia or Southeast Asia?

Not at the moment. The opportunities are onshore. Rakushechnoye is also a big field, so we will focus on that first.



Where is the money coming from? You’ve spent about RM900 mil on Rakushechnoye.

(Laughs) It is my own money. It’s too late for me to get out now!



Do you think Sumatec’s board of directors would be keen on a company name change?

We can only try and see what they think. Why not?



How do you spend your free time and what is your working style? You’re known to be a bit of a workaholic.

(Laughs) I don’t have a particular style, and I work all the time. It’s what I do.

HS is selling at 0.05 sen!!!!!!!!!!!!!!! Damn he must be a desperado. We are holding on and he sold us all. What a captain. Ship is sinking and the captain is the first to jump ship.

https://klse.i3investor.com/insider/director/1201/24-Jan-2019/138406_3073191967.jsp

0.05 sen buy sell 1 sen is 100% profit. Who is buying at 0.05 sen? What fools are selling at 0.05 sen?

Yes...burnt by HS. He is the mastermind behind all this fiasco...keep selling and selling until left 0.05 sen..the lowest we can get unless de-listed. This is ALL YEAR ALL DAY Record LOWS. So can buy? The good news is cannot drop further. Unless delisted.

This is part of the stock market game. Either you lose or you win. Just bad luck to have go into the pirates ships. http://www.theedgemarkets.com/article/sumatec-lodges-police-report-against-exdirector-over-alleged-misconduct

This ex-director is the one that is playing Sumatec out. Arrest him and help Sumatec get back the money.