https://oilprice.com/Energy/Crude-Oil/Evidence-Mounts-For-Shale-Slowdown.html

Moreover, independent data also suggests that a lot of shale drillers are not profitable with oil prices below $50 per barrel. Breakeven prices on the very best wells can run in the $30s or $40s per barrel, but industry-wide all-in costs translate into much higher breakeven thresholds. The rig count has also already plateaued after growing sharply in the first half of 2018.

Still, it is a little too early to fully understand what low prices might do to the industry.

That does not mean that shale drillers are down and out. Many analysts are still predicting sizable production growth this year, and very few have yet to significantly downgrade their supply forecasts.
Oilprice.com

https://www.bloomberg.com/news/articles/2019-01-07/u-s-eagle-ford-oil-growth-to-stall-in-2019-amid-weak-prices

https://oilprice.com/Energy/Energy-General/Saudis-Set-Sights-On-80-Oil.html

Even the sifu is not holding majority of share, their decision does affect the market price especially when it is compounded with the idss activity...

Following current trend of the market, it will be affected by the idss alot... many small hands is uncertain and ready to cutloss... as long as idss push down... people will sell

The real show is starts on next week ... haha...
right rob_z3_man?... ur predictions always one week late

Volume not big... most likely small hands changed.

Idss already covering

Titus... i think not likely until there is better news out there

They must show superiority to each other... even with the country at stake. Both felt the pain but none shall fall.

Trade deal is very difficult because two biggest ego in talk now..

Now everyone can super cycle ... amazing

U give a country to a monkey, the country become peanut

The U.S. stockpile now sits at 450 million barrels, most in a year, not including the U.S. Strategic Petroleum Reserve (SPR). Stocks in the SPR fell 2 million barrels last week, though it is unclear whether those barrels moved to commercial storage or were processed by refiners.

Crude stockpiles rose despite production holding steady at 11.7 million barrels per day, though the EIA rounds off its weekly production figures to the nearest 100,000 bpd.

I already closed after finished reading

https://www.reuters.com/article/us-usa-oil-eia/us-crude-stockpiles-build-for-tenth-straight-week-eia-idUSKCN1NX1Z6

I also no account but i can access at first... too bad...

https://seekingalpha.com/article/4228060-shale-oil-growth-30-percent-spell-100-brent-2019

Shale oil has its weak point somehow ...

@OrlandoOIL as previously said saudi will not care about the trump tweets... because even if trump helping him, it doesn't resolve his case. Plus they replied that the case has nothing to do with him...

They are comfortable with the brent price at 65.
The main reason of this meeting is not to push the price to ridiculous amount but to control the supply to a reasonable level.

Don't be expect the price to be over 65 within this few months time

https://www.nst.com.my/node/437130/amp

Sapu lantai ada la...

@Koon Bee please update here what you get from the agm tq..

Two points consider winning also.. lol

Wonder what are the content of tomorrow AGM ... anyone can keep us posted?

https://www.forbes.com/sites/daneberhart/2018/09/10/shales-latest-challenge-is-overcoming-its-own-success/

Lol... everyday got new drama...

Lol... if they disagree to settle ... oil free fall and everybody got cheap oil... oh wait... our ron 97 still 2.810 ...

So rob_z3_man already cutloss?

1 barrel is not 1 liter...

Well in US he is extremely powerful, but on international grounds he has to avoid causing a war with another country. Since his presidency he has sour relations to many countries around him... making the g20 summit extremely awkward...

@rr88 actually no point u saying that. Do you think people would change their mind by these word?

You also do not see something coming. Lets see on the next QR.

I belief tyyap bought it after the oil hits ground... right after 2014 crisis

Been averaging down and in the end sold with avg price 77 cents when the market is 1.24

Actually i have been following this forum since 2015... that time this stock were 1.60

Yup capex should be on the month itself

Even if have some barrel on September, its too late to monetise it...

Who's group... i am not with any group...

Side track production only start on October if i am not wrong... they are removing the drilling rig on September

The 60m capex didn't incurred right? Still i am confused by the svp of hibiscus...

@OrlandoOIL i think i have been miss the point that they has get the immediate tax relief.

@OrlandoOIL i listen back to the qr webcast again and they did mentioned that there are tax deferred that was caused by the gua-p2-st and there were immediate income tax relief so there is no changes to the next quarter.

He smoke cigar... cigar in malay is curut

Thanks ozzie75

Gst refund is deductable

If it is deducted from next quarter tax it is also refund right?

If it is in different financial quarter or period, it will take in different book instead.

So it is still paid tax. Because of the exchange rate, in accounting cannot just cancel off the deffered tax directly before receiving the refunds...

From what i know, normally deferred tax will existed in the accounting until it is claimed back...

The Block 15/13a and Block 15/13b have contingent (2C) of 30 million barrels