Unlikely 58c looking @ trend, maybe 44/45c possible...adoi!!

https://www.fxempire.com/forecasts/article/oil-on-a-4-week-losing-streak-815800

https://www.fxempire.com/forecasts/article/oil-on-a-4-week-losing-streak-815800

Bila qtr announcement nye...

2019 average oil price usd 65, Armada survived well. 2020 - usd 42, disaster not only for Armada but almost to all O&G upstream as covid pandemic strike the world. 2021 and currently - usd 70 (YTD). USA, INDIA, CHINA, JAPAN & its allies now in fears of inflation if let the brent to rise above usd 80. This countries now working hard to bring down the crude oil price. Opec next meeting maybe on 2 Dec discussing on output increase. Definitely Armada will strive better but the market sentiment will give volatility. Go go Armada...

I believed oil might drop up to usd 70 due to rising
covid cases in China/Europe and SPR releasing worried.

Even qtr is good but be careful guys USA China might trigger the SPR soon. Once this happen, market sentiment will drag the oil price down temporary. O&G counters will react to it. Just my 2c opinion

Walaoeh!! after lunch trading might be interesting

Don't worry qtr should be green...

Qtr green guys
Revenue 545,703mil
Net profit/loss for the period 161,521mil

Hopefully what louissongong posted become reality..

Hopefully won't go below 46c..hmmmmm

Hmmmmm

He is in "Narcissist" category...layan je! Buat dekk

https://oilprice.com/Energy/Crude-Oil/EIA-Oil-Demand-Rebounds-Faster-than-Supply.html

What happen, why drop so much today. I think can go even up to 0.85.

Two more weeks for 3rd qtr announcement. Hoping for excellent qtr soon. Some IB revised their target to 0.60 now. Brent continuously trading above usd 80....another good sign.

Indianasuni - wah! so much hatred ha bro you with Armada. Either you like it or not sometime stock market depend on predictions, no one know what will exactly happen in coming months otherwise everybody easily become millionaire. Even IB also do the analysis and just predict only bro but they cannot promise on it.

Let see Armada earning 2021:-
1) 1st qtr - 162mil +
2) 2nd qtr - 139mil +
3) 3rd qtr - ?? (expected 180 to 200mil)

Oil price average this year
1) Jan to Mar - usd 60/barrel
1) Apr to Jun - usd 68/barrel
2) Jul to Sep - usd 74/barrel
3) Oct to Dec -?? ( expected usd 82 - 85/barrel)

Beside above Armada also disposed
1) 2 vessels for 1H21 and...

Another 6 more vessels after the 2H21 (another additional income sources on the list)

The group's firm order book as the end at 2QY21
1) RM 14.9 billion (plus another optional extension up to RM 9.5 billion)

2) Armada’s 98/2 joint venture (JV) with India’s Shapoorji Pallonji Oil & Gas Pte Ltd is also expected to commence operations in FY22

Debt
1) Debt has declined from 8.8bil in 2Q20 to 6.9bil in 2Q21
2) Net gearing has also fallen from 2.8 times to 1.9 times 2Q21
3) 1H21 net operating cashflow has improved 187% YOY

Armada's strong earnings to continue in the foreseeable future.

Louisongong what you wrote?

Qtr will exceed 200mil with this current oil price usd 80 above...walaoeh! Huat ah

Oil usd 90 coming

Good news guys,
Biden administration chose not to tap from SPR...big relief for oil price. Tomorrow got big rally. Fasten your seat belt.

Good news guys,
Biden administration chose not to tap from SPR...big relief for oil price. Tomorrow got big rally. Fasten your seat belt.

Good news guys,
Biden administration chose not to tap from SPR...big relief for oil price. Tomorrow got big rally. Fasten your seat belt.

Ya kah good luck..

Finally break 0.16

Kelentong ler you indiana. 400k × 0.875 = RM 350,000. So rich are you buying in such a huge amount....no to work ler like that Biar betoi Jgn temberang ler dkt sini.




Indianajones Swap to Hibisc really pays. Just unloaded 400K shares. Made 4.5 sen clean
18K in less than a week . This is the third cycle. Well waiting for the 4th Cycle window normally on a friday. Armada needs to test highly resistance R1 0.525. Beyond that it has to produce the 150 -180 mil results in coming 2 weeks.

Heavy snowstorms hit northern side of china press reported. This year first show comes early then expected and temp in most area drops 8 to 10c...said Chinese meteorologists. Bone-chilling winter.. ghee!!

It's very nice if can close 0.50 today...

Very tough to break 0.16 but eventually it will..

Oil moving Armada moving.

https://youtu.be/BH902QRxMR8

https://youtu.be/BH902QRxMR8

https://www.nst.com.my/world/world/2021/11/743196/airlines-gear-travel-surge-us-reopens

NEW YORK: Airline reservations to the United States took off immediately after the White House announced the country would reopen to all vaccinated international voyagers starting next week, compelling a welcome -- if challenging -- industry pivot.

The long-awaited US move to welcome back international travelers -- which takes effect Monday -- follows 18 months of restrictions for 33 countries during the worst of the coronavirus pandemic that separated families, impeded business travel and frustrated tourists.

https://www.nst.com.my/world/world/2021/11/743196/airlines-gear-travel-surge-us-reopens

NEW YORK: Airline reservations to the United States took off immediately after the White House announced the country would reopen to all vaccinated international voyagers starting next week, compelling a welcome -- if challenging -- industry pivot.

The long-awaited US move to welcome back international travelers -- which takes effect Monday -- follows 18 months of restrictions for 33 countries during the worst of the coronavirus pandemic that separated families, impeded business travel and frustrated tourists.

The U.S. Department of Energy said all "tools are always on the table" to tackle tight energy supply conditions in the market.

The department made the comment amid questions about whether President Joe Biden's administration is considering tapping into its Strategic Petroleum Reserves (SPR) or pursuing a ban on oil exports to bring down the cost of crude oil.

Meanwhile, Biden's national security adviser urged energy suppliers to lift flows to meet demand, saying that the United States is concerned about their failure to do so.

The United States has used its strategic reserves on occasion, usually after hurricanes or other supply disruptions. However, since ending a 40-year ban on crude exports in 2015, the nation has become a significant exporter, and has not broached cutting exports.

Earlier this week, the Organization of the Petroleum Exporting Countries and allies (OPEC+) agreed to raise output only gradually, sending crude prices to multi-year highs.

Brent Market pullback to 80pb last Friday in align with Joe biden press released that he going release SPR stock to bring the natural O&G price down. SPR is USA national emergency oil reserve that only can be use during nation having supply shortage or kind of that.....

3. How have presidents tapped the reserve?

Beyond ad hoc responses to localized oil disruptions, the U.S. has only tapped its oil reserve a handful of times. In 2011, President Barack Obama released 30 million barrels as part of a joint effort with other nations to counter supply disruptions from Libya. In 2005, President George W. Bush released 11 million barrels in the wake of Hurricane Katrina. And in 1991, under President George H.W. Bush, 17 million barrels were released during the first Gulf War. In 2017, the Energy Department authorized the release of 5 million barrels to Gulf Coast refineries when Hurricane Harvey wreaked havoc on the region. Such arrangements are designed to address short-term emergency needs, and the crude is repaid, in kind, at a future date. Test releases take place from time to time, as well as limited releases in the form of swaps.

What going to happen next?

Will Biden release SPR stock to easing down oil price...

Or he just threaten the Opec+ allies.

The recent US policy change to reopen travel from 33 markets for fully vaccinated foreigners from 8 November is a welcome, if long overdue, development. Along with recent re-openings in other key markets like Australia, Argentina, Thailand, and Singapore, this should give a boost to the large-scale restoration of the freedom to travel,” said Willie Walsh, IATA’s Director General.

The recent US policy change to reopen travel from 33 markets for fully vaccinated foreigners from 8 November is a welcome, if long overdue, development. Along with recent re-openings in other key markets like Australia, Argentina, Thailand, and Singapore, this should give a boost to the large-scale restoration of the freedom to travel,” said Willie Walsh, IATA’s Director General.

Air France—KLM, noted the reopening of Canada and the U.S. for European citizens, and the reopening of Singapore. Lufthansa said this week that at the end of the third quarter, new bookings had already reached around 80 percent of the 2019 level.

After the opec+ announcement, crude dropped around five bucks.

As I said, that is a classic “buy the rumor, sell the fact” kind of thing given the run up in the morning that preceded the end of the meeting but, in the context of a market where supply remains restricted and demand is increasing, it makes little sense. Over the next couple of months, those basic facts of supply and demand look like remaining in place so, even though the OPEC+ announcement resulted in a drop in crude, I remain bullish, if a little more confused than I was before, at least until the end of the year.

Brent also have pulled back a bit during the session, but at this point in time it is likely that the $80 level will continue to be important, so therefore I think it is probably only a matter of time before we see buyers jump back into this market and push it back up. Quite frankly, I think this is a scenario where the value hunters will continue to come into this market and pick up “cheap oil” every time they can. I have no interest in shorting this market, I think we are light years away from being able to do so. Granted, this candlestick does not look that great, but we are already starting to see some of the short-term charts turn around a bit, so I would not be surprised at all to continue to see plenty of bounces along the way.

Still strong...even oil drop. Good

Walaoeh!

1) Organization of the Petroleum Exporting Countries and their allies to stick to their current agreement, as expected, to raise monthly crude production by 400,000 barrels per day until December.

2) Weather forecast experts said this winter expected more cooler then previously.

3) Coal demand and supply crisis all around the world

4) World crude storage depleting rapidly as world begins reopen back Economy.

5) Covid cases plummeted dramatically as Vaccination reaches higher rate YTD. Even in Malaysia we're going for third Vaccine (booster vaccine)....amazing kan kan

6) Soon Tourism businesses will be flourishing and that means demand for Airlines fuels will sky rocketing..

7) And last but not least...inability of green energy to replace the fossil fuels yet (maybe later in near future but not for now...eeemm)

What all indicates...higher fossil fuel price. Walaoeh!! Super qtr for Armada coming soon....

Russia referee..kiki

Oil climb back again. The reality is Biden and King playing the game.

Slow and steady..go velesto

TOKYO, Oct 28 (Reuters) - Oil prices fell on Wednesday for a second straight day, with Brent hitting its lowest in two weeks after official figures showed a surprise jump in U.S. inventories of crude.

Brent crude dropped $1.36, or 1.6%, to $83.22 a barrel by 0130 GMT, a two-week low, having declined by 2.1% in the previous session.

U.S. oil fell $1.28, or 1.6%, to $81.38 a barrel, a one-week low, after dropping 2.4% on Wednesday.

Crude stocks rose by 4.3 million barrels last week, the U.S. Energy Department said, more than double the 1.9 million-barrel gain forecast by analysts.

The "hefty" stock build came "on the back of a large jump in net imports of crude oil and still sluggish refinery processing," Citi Research commodities analysts said in a note.

Still, gasoline stocks fell by 2 million barrels to the lowest in nearly four years, even as U.S. consumers struggle with rising prices to fill their tanks.

At the WTI delivery hub in Cushing, Oklahoma, crude storage is the most depleted in three years, with prices for longer-dated futures contracts indicating supplies will stay low for months. (Reporting by Aaron Sheldrick; editing by Richard Pullin)

2 wk a ago they said low inventory today suddenly high...market gimmick. Surprise jump in USA inventories

Market reaction...ignore

When last time I said serba in deep shit and going to close shop, they said I'm barking...now quickly sell and cabut lari...