Uh huh. DJ now up 256.75 (1.03%). But then, that might not mean much come morning. We shall see.

Wonder when DJ is gonna stop shitting

It should be. No reason why not.

Ha ha. But don't forget. We have to cross Jalan 50 & Jalan 60 first.

Wednesday KLCI went down 60+ points in early morning. Yet Reach did not collapse, in fact came back quite strongly. It is starting to show real character.

O&G is beginning to detach from KLCI & DJ, I reckon. Rightly so, too, becos O&G sector business performance is in reality not so much directly affected by what happens occasionally on Wall Street, or the rest of Bursa. It is only the investing crowd over-reacting.

Daughter volume looks like catching up with Mother

The trauma of Friday & Monday still weighing down on some people

Reach qrtr profit result is not affected by relatively minor (e.g. like 1%) movements on DJIA & KLCI. Reach players, both short & long, need to keep reminding themselves regarding this point.

LOL

O&G is eventually going to disengage from DJIA & KLCI. Becos these do not really dictate the profitability of O&G. O&G is not like infrastructure, construction, manufacturing etc. The major impactor for O&G is only oil price.

But you can't switch off your head, Stockholm. Can't flush it into the bog either. It would still be working. Maybe overtime.

"It's Iran, stupid!"

Trump’s Request for OPEC to Max-Out Oil Production May Backfire

https://www.bloomberg.com/news/articles/2018-10-04/trump-s-request-for-opec-to-max-out-oil-production-may-backfire

Brent still strong. It's shrugging off the Dow rout.

Positive review on Carimin by Fong Min Yuan in StarBiz today

The capex of service providers is peanuts compared to that of producers.

It eezz already moving toward 90. Broken through 85, already played briefly above 86. And the market is not majorly about fundamentals anyway. It is always, or at least a big part of the time, 75% about perception.

Could come faster than we think

That 75.4 price is for WTI oil, FrankLim. Brent oil is about US$10 higher.

Sellers fighting back. Good.

Oil still holding well around the 85 level

Okay, guys. Calm down & chill. We will all defend the fort. Against all raiders, pirates & marauders.

LOL. But that is just what so called 'consultants' often do for a living. Sell snake oil & cow crap.

Won't be remaining below 50 for very long

LOL. You guys should stop picking on Jeffrey Ng.

If today closing 51 - 52, okay already. If 54 even better.

Exactly, TXFS.

OMG. I'm going to hear that DQ song in my sleep tonite.

Goodnight, DreamConqueror.

LOL. Classic DreamConqueror.

Posted by DreamConqueror > Oct 1, 2018 05:47 PM | Report Abuse

Mr. BowMan, dude. You are quoting from an article dated March 31, 2016?

So, when was the last time you took up a bow to hone back your old archery skills? It has really gone a bit rusty now. Or perhaps you are actually a time traveller from another world.

LOL LOL LOL

Great mantra, DreamConqueror. Very magical sounding. And it's really working too.

They are both good O&G stocks, at the current moment, Reach & Hibiscus. If have loads of capital, can take them both.

A diamond in the rough, for sure. While the oil traders are now seeing US$100 oil in their sights. Possibly US$90 in 4th quarter, rising to US$100 in 1st quarter of next year.

Edge Markets even more bullish, predicting US$100 oil by end 2018.

https://www.thestar.com.my/business/business-news/2018/09/25/return-of-us100-oil-seen-by-top-traders/

https://business.financialpost.com/commodities/energy/major-traders-are-talking-about-100-oil-again

http://www.theedgemarkets.com/article/crude-oil-could-hit-us100-barrel-yearend-%E2%80%94-ihs-markit

https://oilprice.com/Energy/Oil-Prices/100-Oil-Is-Back-On-The-Table.html

Small volume

Minimum 30.5 now

I only use candlesticks when there is a blackout, and TNB is slow in coming to the rescue.

I3 TP 1.17

Weak volume

Could be that they'll be moving together

Volume not so strong

Could be on the move soon

Very strong now