U are one of the wise one bro strategisst ha2

I believe in doing something we really believe in especially for the same of future generation..only one bahasa politians listen to 'pangkah'!!!use our voting rights bro strategists- wisely this time around..my source told me the losses which the auditor wanted to record is rm35 b.But for now they agree on 600 m this is the worst scandal in history

I beg to differ this is something within our control strategisst I think if we don't do anything about this then we become part of the problem and live to see our children paying for it ...like DickyMe said world oil price is definitely beyond our control ...but not this one

ACCIDENT waiting to happen

Tq for sharing ozzie

Strategist u are right they are politicians but playing w people's money even pulling strings like bank Negara who is supposed to have better things to do don't u think?

Tq for sharing Dickyme hmmm it is an accident waiting to happen

Dickyme can share link about 1mdb loan extension by Citibank tq

God bless and enjoy the ride home guys ...it's a run home oops home run

80% rugi 20% makes profit and 20% of the 20% buys good 'assets' and use ostrich skin as their wall paper the other 80% of the 20% buy good assets in London and Melbourne with cash money ha3 all in all the story about good assets is meant to be a bloody good entertainment!!

Buy @17 then they push to 40 then 60 then 1.00 then 10!!!then they change wallpapers fr ostrich skin to croc leather ha3 bloody good assets for bloody good entertainment

Really2 good assets guys I heard HB's lux condo in NYC use ostrich skin as wall paper is it right promoters??ha3 really good assets indeed!!!

HB is part of the riddle got it?? Ha3

From 62 to 17 ...,,with that nos of shares floated Sumatec has lost at least rm 1.5b of market capilisation I heard some promoters has bought w cash condos in Melbourne and London ha3 !!any more counters to aggressively promote guys??m game ha3 bloody great entertainment!no wonder they are talking about good assets!!their newly acquired assets!!

@16 maybe their entry point but how do we know they have not been distributing quietly through their various proxies ??ha3 lets wait n see bcos it's a bloody good entertainment

Tunggguuuu@16 entertainment can laaa

Kenneth can share link?

Poker game??pay money to c ha3 entertainment

PETALING JAYA: The US dollar continued to advance against major Asian currencies as another strong payroll report underpinned the growth of the world’s largest economy and raised expectations the Federal Reserve might raise the federal funds rate sooner than expected.

The greenback strengthened against a basket of Asian currencies including the ringgit, which closed at RM3.495 versus the US dollar and fell to as low as 3.507 in intraday trade. The ringgit last saw such levels at the height of the global financial crisis when funds sought safe-haven assets such as US Treasuries. Year-to-date the US dollar has strengthened 6.71% against the ringgit.

Other Asian currencies that lost ground against the US dollar included the Japanese yen, South Korean won, Indonesian rupiah and Taiwan dollar.

New Normal

Saudi Arabia has put its foot down. In the face of triumphalist crowing about energy independence in North America the country has turned to the classic economic model of price being determined by the equilibrium between supply and demand. Not only are they not reducing their prices, they are actually cutting them. They are not lowering production levels, they are increasing them. The Kingdom has large cash reserves and they seem to be prepared to coast on their savings for as long as it takes for their competitors to go out of business. Fracking is vulnerable and will not survive a price drop unless the US oil industry reorganizes.

Challenges

Thanks to financing costs, new hydraulic fracturing sites are unlikely to be opened up if oil stays at less than $90 per barrel for any length of time. Each extraction project is different and incurs different plant investment costs, returning different profit margins. The banking industry, however, works on a blanket level of a need for $80 per barrel for a project to turn a profit. The extra $10 is needed to ensure the banks get paid back.

However, some shale oil regions, such as the Eagle Ford Shale and Permian Basin in Texas can still turn a profit selling at $53 per barrel. The problems faced when assessing any new shale oil project include distance to distribution points, local availability of accommodation, the capacity of the transport network and availability and price of expertise and staff. These factors can make crude oil cheaper to deliver from Texas or North Dakota to refineries on the East Coast, or it can make Saudi oil, arriving by tanker, cheaper than domestically produced oil.

Solution

Hydraulic fracturing became a viable business in the US because of a rising oil price and also because of falling production costs. Necessity is the mother of invention and it should not be assumed that the industry will not continue to develop cheaper methods and equipment. The shale oil producers have been living high on the hog with a gold rush mentality, spraying cash in all the communities into which they move. Therefore, there is a lot of fat to trim to bring inception and operation costs down. High payments to property owners for drilling access are probably soon to be dramatically reduced, building schools and community facilities are expensive public relations exercise that may not happen again.

Supported by technology and aggressive cost cutting, the US shale extraction oil producers can continue to expand their share of the market. Pipeline projects to distribute domestic oil to US refineries would lower delivery costs and further reduce the price disadvantages of shale oil. US producers need to be smart and act quickly, however, the Saudi Arabia Oil Policies and Strategic Expectations Center recently revealed that the Kingdom is prepared to go as low as $50 per barrel, which would be a tough price to match.

New Normal

Saudi Arabia has put its foot down. In the face of triumphalist crowing about energy independence in North America the country has turned to the classic economic model of price being determined by the equilibrium between supply and demand. Not only are they not reducing their prices, they are actually cutting them. They are not lowering production levels, they are increasing them. The Kingdom has large cash reserves and they seem to be prepared to coast on their savings for as long as it takes for their competitors to go out of business. Fracking is vulnerable and will not survive a price drop unless the US oil industry reorganizes.

Challenges

Thanks to financing costs, new hydraulic fracturing sites are unlikely to be opened up if oil stays at less than $90 per barrel for any length of time. Each extraction project is different and incurs different plant investment costs, returning different profit margins. The banking industry, however, works on a blanket level of a need for $80 per barrel for a project to turn a profit. The extra $10 is needed to ensure the banks get paid back.

However, some shale oil regions, such as the Eagle Ford Shale and Permian Basin in Texas can still turn a profit selling at $53 per barrel. The problems faced when assessing any new shale oil project include distance to distribution points, local availability of accommodation, the capacity of the transport network and availability and price of expertise and staff. These factors can make crude oil cheaper to deliver from Texas or North Dakota to refineries on the East Coast, or it can make Saudi oil, arriving by tanker, cheaper than domestically produced oil.

Solution

Hydraulic fracturing became a viable business in the US because of a rising oil price and also because of falling production costs. Necessity is the mother of invention and it should not be assumed that the industry will not continue to develop cheaper methods and equipment. The shale oil producers have been living high on the hog with a gold rush mentality, spraying cash in all the communities into which they move. Therefore, there is a lot of fat to trim to bring inception and operation costs down. High payments to property owners for drilling access are probably soon to be dramatically reduced, building schools and community facilities are expensive public relations exercise that may not happen again.

Supported by technology and aggressive cost cutting, the US shale extraction oil producers can continue to expand their share of the market. Pipeline projects to distribute domestic oil to US refineries would lower delivery costs and further reduce the price disadvantages of shale oil. US producers need to be smart and act quickly, however, the Saudi Arabia Oil Policies and Strategic Expectations Center recently revealed that the Kingdom is prepared to go as low as $50 per barrel, which would be a tough price to match.

Looks like all variables will come into play and dust will settle soon he3

http://www.thestar.com.my/Business/Business-News/2014/12/05/More-than-$150-bln-of-oil-projects-face-the-axe-in-2015/

Tq for sharing Andy

Care to share the link Andy

Calvin, the baits still in the pots or not??

KUALA LUMPUR: Bank Negara has told lenders to guard against speculation in the ringgit after the currency fell to the weakest level in almost five years.

All short-dated transactions requiring the exchange of ringgit for a foreign currency must be backed by underlying documentation, the central bank said in a “stern reminder” yesterday. Bank Negara confirmed the note.

The timing of the central bank’s notice could mean it was “uncomfortable with the pace of the ringgit’s weakness”, Bloomberg quoted Nizam Idris, Singapore-based head of foreign exchange and fixed-income strategy at Macquarie Group Ltd, as saying.

The ringgit dropped 1.9% this month, the most among 11 Asian exchange rates tracked by Bloomberg. The currency weakened 2.5% over Nov 28 and Dec 1, the biggest two-day decline in more than 16 years, and reached 3.4497 per dollar yesterday, the lowest since February 2010.

No prob GS
The best cure for low prices is low prices.

In the late 1990s, oil, in nominal dollars, fell to $10 a barrel and the Economist famously predicted that $5 oil was coming, a call that, 25 years later, still haunts the magazine like an obsessed lover from your youth.(I love this phrase!ha3)
Of course, the low price stimulated demand and drivers flooded into showrooms to buy rolling, gas-slurping pigs like Ford Explorers. At the same time, the low price choked off exploration and development, constraining supply.

The best cure for low prices is low prices.

In the late 1990s, oil, in nominal dollars, fell to $10 a barrel and the Economist famously predicted that $5 oil was coming, a call that, 25 years later, still haunts the magazine like an obsessed lover from your youth. Of course, the low price stimulated demand and drivers flooded into showrooms to buy rolling, gas-slurping pigs like Ford Explorers. At the same time, the low price choked off exploration and development, constraining supply.

The crude oil bottom has been called and signs of follow through are very2 positive lets hope the Ringgit finds its resistance n steadies itself against $US. ASAP !then the RM follow through phase...but I think the fear ....is subsiding and overrated @klci !Ha3

I think even the Rinngit is being oversold ....

PETALING JAYA: The Malaysian economic outlook will likely be mixed due to the fall in the crude oil prices, according to the Malaysian Institute of Economic Research (Mier).

The think tank's executive director Dr Zakariah Abdul Rashid (pic) said as Malaysia relied quite significantly on the oil and gas industry, the impact on the country would be both positive and negative.

“We are a net exporter of crude oil and gas and at the same time a net importer of petroleum products, so we will see from these two (upstream and downstream of the oil and gas industry) that the impact on the economy will be rather mixed – positive and negative,” he told reporters on the sidelines of the National Economic Outlook Conference here yesterday.

The price of Brent crude oil has fallen to a five-year low of US$70 per barrel following the Organisation of the Petroleum Exporting Countries' decision to maintain its production ceiling.

Zakariah said lower crude oil prices would reduce transportation costs and thus production cost, which would be good for consumers as they could enjoy higher incomes.

“But since Malaysia is an exporter of oil and gas, it will affect our aggregate demand and slightly trim our national revenue,” he said.

However, he said, the Government’s reduced dependence on oil and gas revenue to about 30% currently was a positive sign.

PETALING JAYA: The Malaysian economic outlook will likely be mixed due to the fall in the crude oil prices, according to the Malaysian Institute of Economic Research (Mier).

The think tank's executive director Dr Zakariah Abdul Rashid (pic) said as Malaysia relied quite significantly on the oil and gas industry, the impact on the country would be both positive and negative.

“We are a net exporter of crude oil and gas and at the same time a net importer of petroleum products, so we will see from these two (upstream and downstream of the oil and gas industry) that the impact on the economy will be rather mixed – positive and negative,” he told reporters on the sidelines of the National Economic Outlook Conference here yesterday.

The price of Brent crude oil has fallen to a five-year low of US$70 per barrel following the Organisation of the Petroleum Exporting Countries' decision to maintain its production ceiling.

Zakariah said lower crude oil prices would reduce transportation costs and thus production cost, which would be good for consumers as they could enjoy higher incomes.

“But since Malaysia is an exporter of oil and gas, it will affect our aggregate demand and slightly trim our national revenue,” he said.

However, he said, the Government’s reduced dependence on oil and gas revenue to about 30% currently was a positive sign.-Star

http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/the-shale-slowdown-oils-price-plunge-hits-us-production/article21896564/

THE BOTTOM HAS BEEN CALLED!BRENT CRUDE AVERAGE FOR NEXT 2 YEARS IS $70 (worst scenario)

Societe Generale slashed its oil price forecast for Brent crude by $20 a barrel for 2015 and 2016, and expects the global benchmark to average $70 a barrel in the next two years. It also cut its Nymex WTI crude forecast by $17 in 2015 and $16 in 2016, to average $65 in both years.

“We estimate the costs for most U.S. shale oil at $65 WTI, if not lower. In recent days, after last week’s OPEC meeting, crude prices have already approached those levels, and we expect them to stay there for an extended period of two years,” Michael Wittner, head of oil research at Societe Generale, said.

Next Million $ Question is: When the crude oil market is in a correction, how do you know when it is time to buy O&G stocks again?

Answer : Wait for a "follow through day"


What Is A Follow Through Day?

A follow through day indicate that a rally attempt have succeeded, and the market direction have changed from a "market in correction" to a "market in uptrend".

Investor’s Business Daily’s "Follow-Through Day Pattern," as described by its former chairman and founder, William O’Neil, in his book, How to Make Money in Stocks, is widely known as a pattern that identifies market bottoms.

Spotting A Follow Through Day

When the market is in correction and move into a new low, look for the first day where the market close up from the previous day. This is day 1 of the rally attempt. As long as the index is above the previous low, the attempted rally is in place.

The Day 1 low becomes the line in the sand; a violation of that low invalidates the pattern. Days 2 and 3 do not have to be positive days, but they cannot be less than the Day 1 low value.

Look for a major move on the 4th day of the pattern, which is call a follow-through day.

BOTTOM HAS BEEN CALLED!BRENT CRUDE AVERAGE FOR NEXT 2 YEARS IS $70 (worst scenario)

Societe Generale slashed its oil price forecast for Brent crude by $20 a barrel for 2015 and 2016, and expects the global benchmark to average $70 a barrel in the next two years. It also cut its Nymex WTI crude forecast by $17 in 2015 and $16 in 2016, to average $65 in both years.

“We estimate the costs for most U.S. shale oil at $65 WTI, if not lower. In recent days, after last week’s OPEC meeting, crude prices have already approached those levels, and we expect them to stay there for an extended period of two years,” Michael Wittner, head of oil research at Societe Generale, said.

Tnx for sharing ozzie

British banker and politician Nathan Rothschild once said: “Buy when there’s blood running in the streets.”

And blood is certainly spilling in the streets of the oil and gas industry. The North Sea benchmark, Brent crude, closed at $70 a barrel on Friday, declining by 40% since June. On Tuesday it’s trading at around $72.

British banker and politician Nathan Rothschild once said: “Buy when there’s blood running in the streets.”

And blood is certainly spilling in the streets of the oil and gas industry. The North Sea benchmark, Brent crude, closed at $70 a barrel on Friday, declining by 40% since June. On Tuesday it’s trading at around $72.

Tnx 4 sharing guys

This earthquake of foreign n hedge fund leaving not over yet
USD is now 3.444 to RM, and fast approaching 3.5. Will it stop at 3.80?
I believe every foreign fund managers and hedge funds know very well USD going to strengthen further against ringgit.
KLCI still facing downtrend as one by one foreign fund darlings being abandoned ha3

M waiting S*** @ 16.....now not VERY cheap yet ha3...

@ks55
Stock: [SKPETRO]: SAPURAKENCANA PETROLEUM BHD
Dec 3, 2014 03:59 PM | Report Abuse

## Buy good company cheap, I like it.
Good share doesn't come cheap. But when market crash, bad share drop, good share also drop. It is always when market crash that you can get good value for your money.

The problems are:-
1. How do you define good share? What are the criteria to qualify your good share?
2. How do you evaluate value of good share to form basis of buy cheap
3. How do you accumulate good share (buying strategy)
4. When is the best time to start buying (always remember lesson learnt during 97/98 crash)
5. Exit plan

Right now the most important thing to consider is the risk factor in investment cycle clock. I am of the opinion the peak is over. The market can only move south. It is safe and prudent to keep more cash or park your money in REITs to wait for opportunity.

Take further note:

1. Beware of creative accounting. PE can cheat, PL can cheat, BV can cheat, growth rate can also cheat. You know what I mean.

2. Must be comfortable with Director of company you intend to invest. Too many examples happened in Malaysia. Cheat once, he may cheat second, then third time and so on.

Nov 20, 2014 11:45 PM ##
============================
Just Food for thought...

SINGAPORE: Oil rebounded more than 1 percent on Wednesday, with Brent rising above $71 a barrel, recouping some of its losses from the previous session as a turbulent market struggled to find a price floor.

The market has swung through sharp gains and losses since OPEC announced last week that it would maintain steady output in an oversupplied market. Brent and U.S. crude are down more than 30 percent since June and touched five-year lows on Monday.

Brent crude <LCOc1> hit a high of $71.46 a barrel on Wednesday after falling $2 in the previous session. The January contract was up 75 cents at $71.29 by 0210 GMT (09:10 p.m. ET).

U.S. crude <CLc1> for January was at $67.85 a barrel, up 97 cents, after dropping more than $2 the session before. The contract touched a high of $67.97 after data from the American Petroleum Institute showed a bigger than expected fall in crude inventories.

"The market's volatility is a result of people working out what's going to happen next," said Jonathan Barratt, chief investment officer at Ayers Alliance Securities.

He said a low price "will force weak people out of the market and the strong will prevail".

SINGAPORE: Oil rebounded more than 1 percent on Wednesday, with Brent rising above $71 a barrel, recouping some of its losses from the previous session as a turbulent market struggled to find a price floor.

The market has swung through sharp gains and losses since OPEC announced last week that it would maintain steady output in an oversupplied market. Brent and U.S. crude are down more than 30 percent since June and touched five-year lows on Monday.

Brent crude <LCOc1> hit a high of $71.46 a barrel on Wednesday after falling $2 in the previous session. The January contract was up 75 cents at $71.29 by 0210 GMT (09:10 p.m. ET).

U.S. crude <CLc1> for January was at $67.85 a barrel, up 97 cents, after dropping more than $2 the session before. The contract touched a high of $67.97 after data from the American Petroleum Institute showed a bigger than expected fall in crude inventories.

"The market's volatility is a result of people working out what's going to happen next," said Jonathan Barratt, chief investment officer at Ayers Alliance Securities.

He said a low price "will force weak people out of the market and the strong will prevail".

Monday tsunami today earthquake only for klci ha3

Yup existing investor throwing cutting loss on forex

Means SAME day shorting Noraini?

Bad 3Q and Rinngit dropping so foreigners lose forex

Bad 3Q and Rinngit dropping so foreigners lose forex

KUALA LUMPUR: Malaysia’s blue chips fell sharply in early Wednesday trade as the weakening oil and gas prices and decline in crude palm oil (CPO) weighed on the market sentiment while foreign selling is not over yet.

At 9.34am, the FBM KLCI was down 17.04 points or 0.95% to 1,768.93. Turnover was 251.54 million shares values at RM145.32mil. Losers beat gainers 251 to 123 while 184 counters were unchanged.

BIMB Securities Research said Tuesday saw a further RM37.9mil net outflow of foreign funds as we reckon many is concern over the earnings health of corporate Malaysia following a dismal showing in 3Q14.