Late May RM3. Possibly also earlier. Late August RM4.

Now, I have some honest, sincere, well meaning, comradely advice for all those forever dithering, hesitating, tentative, pussyfooting types amongst us.

You all need to learn the art of decisiveness. Big time.

Do it fast!!!

Gotta be cracking your own head & try to figure it out yourself, fellas. I'm not going to do all your homework for you.

typo:

RPS = EPS

Dayang net profit refresher for dummies:

Q2FY2018 PAT = RM38.853 mil; EPS = 4.03
Q3FY2018 PAT = RM48.754 mil; EPS = 5.05
Q4FY2018 PAT = RM97.724 mil; RPS = 10.13

Q1FY2019 (my very rough estimate): PAT = RM196 mil; EPS = 20.3

When the weak holders are all taken out, then uptrend will continue, and shorters will then be wiped out.

I am sticking with Perdana, tqvm.

3.5 sen is a good rise for Perdana. Bravo.

Looks like I'm gonna be really prosperous, by mid year. Or just a bit later.

LOL. Even the devil in hell would cry like a little girl, if handed out that kind of punishment.

Oil expected to still dominate for at least another several decades

https://oilprice.com/Energy/Energy-General/2-Reasons-Why-Big-Oil-Isnt-Rushing-Into-Renewables.html

Oil hits 2019 highs

https://www.thestar.com.my/business/business-news/2019/02/04/oil-prices-hit-2019-highs-as-sanctions-against-venezuela-opec-cuts-bite/

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28 next week quite doable. Longer term gain could be much more.

You are right, Maynot. Perdana is a rough diamond, just waiting to be discovered.

Brent 57.45

Latest Brent 57.45

Brent latest 57.45

Latest data indicating shale slowdown

https://oilprice.com/Energy/Crude-Oil/New-Data-Suggests-Shocking-Shale-Slowdown.html

indication of shale slowdown

https://oilprice.com/Energy/Crude-Oil/New-Data-Suggests-Shocking-Shale-Slowdown.html

New data suggests drastic shale slowdown

https://oilprice.com/Energy/Crude-Oil/New-Data-Suggests-Shocking-Shale-Slowdown.html

Brent latest 57.20

If I were a Reach player with loads of cap to spare, I would plonk some in Perdana, just in case. Who knows, if it could turn out to be the next Carimin.

Wow. Up 12.82% today. Not bad. Not bad at all, man.

Those who panic sold cut loss 24.5 last week, today crying big.

Those who bought 24.5 & those still holding firm, today happy.

Latest Brent 54.51 up 2.44%

Brent latest 54.51 (up 2.44%)

Brent latest 54.51

UP 2.44‰

Donald Trump now increasingly being seen as the cause of US market 0meltdown

https://www.thestar.com.my/business/business-news/2018/12/25/trumps-twoyear-stock-honeymoon-ends-with-hunt-for-betrayer/

Analysts see higher oil prices in 2019

https://www.thestar.com.my/business/business-news/2018/12/25/analysts-see-higher-oil-prices-in-2019/

typo, sorry.

'25' = 80; '45' = 105

I am constantly amazed by the sheer number & frequency of statements proclaiming 25 as 'risky', while they themselves were visibly & busily getting on board at 45, previously.

Hibby just returned a RM100 mil profit, man.

Post removed.Why?

2019 = OPEC-Russia production cuts

Just ignore boullshiet anti-oil info from US. 2019 coming soon. Crude oversupply is going to be a complete non-issue.

Crude oversupply fears will dissipate & disappear when OPEC-Russia production cuts start kicking in in 2019

Reach should start seriously manning up, steadying up, shaping up & bucking up. Big time. Need to stop cringeing, cowering & over-reacting to every silly threat tweet from Donald Trump, and every little release of boullshiet US oil inventory data.

That is why, you always need more than one horse for a long campaign. Becos horses get tired too. So, you need to keep shifting horses. Just like you need to keep shifting players if you're a football manager. The loyalty needs to be to the coach & the club, rather than to any particular player.

Well, can't wait until Brent 73, can we?

When a dark horse runs, it really gallops.

If he threatens Saudi, then Prince MBS is going to cancel all planned Saudi arms purchases recently agreed with US. Or at least put them on hold until regime change in US.

Who cares. Would be even better if he tweets himself to death. Would be good for O&G stocks in every Bourse all over the world.

Mamdouh G Salameh

December 04 2018

It could be the start of another bull run in oil. The robust global oil market fundamentals that were there when oil hit $87 a barrel in October are still with us as manifested by recent developments in the market.

First, the so-called “truce” between China and the US is a welcome development to cool tempers and alleviate uncertainty in the global economy though it has also created confusion.

The US and China were heading towards an end of the escalating trade war anyway because it dawned on President Trump that he can’t win a trade war with China. He didn’t really anticipate China’s response when he imposed tariffs on its exports to the United States. He thought that China will bend the knee to him. This not only didn’t happen but China retaliated blow by blow to his imposition of tariffs. Moreover, it stopped completely buying US crude oil and curtailed very significantly purchases of US LNG.

Despite President Trump’s tough talk, his position vis-à-vis China has been weakened in recent time. The trade war is already starting to take a toll on the US economy. American farmers have been hit hard by retaliatory tariffs from China, which have tanked prices for corn and soybeans. More recently, the stock market has seen a spike in volatility, and all of the gains US stocks have seen in 2018 have been wiped out in the last few weeks. Perhaps more painful was the recent announcement from General Motors that the company was closing down five factories and laying off 14,000 people. Automakers warned that steel and aluminium tariffs would cost the industry billions of dollars. That is why a truce has been agreed on in Buenos Aires. Still, the global economy will give a huge sigh of relief.

Second, the reported preliminary agreement between Saudi Arabia and Russia to cut production ahead of the OPEC meeting on the 6th of December in Vienna will enable OPEC to agree a cut. But who will be doing the cutting?

The overwhelming OPEC members could be against any new cuts. Instead, they will demand that Saudi Arabia and Russia withdraw the 650,000 barrels a day (b/d) they jointly added to the market in June against OPEC members’ wishes and return them to the original 1.8 million barrels a day (mbd) cut under the OPEC/non-OPEC agreement. In so doing, the glut in the market will ease.

Saudi Arabia will most probably end be up doing most of the cutting on its own with symbolic cut from Russia which is lukewarm about a new cut but will do a small one to show solidarity with Saudi Arabia.

Third, Qatar’s decision to withdraw from OPEC will have no effect whatsoever on the global oil market, prices or the outcome of the December OPEC meeting.

Dr Mamdouh G Salameh
International Oil Economist
Visiting Professor of Energy Economics at ESCP Europe Business School,

extracted from: https://oilprice.com/Energy/Oil-Prices/Is-This-The-Beginning-Of-The-Next-Bull-Run-In-Oil.html

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Legendary Oil Trader (Andy Hall) Expects Crude Prices To Rebound

https://oilprice.com/Energy/Energy-General/Legendary-Oil-Trader-Expects-Crude-Prices-To-Rebound.html

Hibiscus RM100 mil profit. So, Reach around RM18 - RM22 mil, likely. Just a rough guesstimate, though. Could be more, who knows.

Legendary Oil Trader (Andy Hall) Expects Crude Prices To Rebound

https://oilprice.com/Energy/Energy-General/Legendary-Oil-Trader-Expects-Crude-Prices-To-Rebound.html

Legendary Oil Trader (Andy Hall) Expects Crude Prices To Rebound

https://oilprice.com/Energy/Energy-General/Legendary-Oil-Trader-Expects-Crude-Prices-To-Rebound.html

Just like it was Syria-Russia who eventually won in Syria, in the end.