xenolover, so do u think this low oil price is intentionally created by some parties after QE retired? :P

ya, i think not all, but if i read correctly news said that US need at least $75 per barrel. Small firms are definitely crying now. :P

but 1 thing is, we cant conclude that epf knows anything special also by looking at its shares acquire recently, because epf's role is help government to balance the fund and share price within local and foreign funds. If foreign funds keep selling, epf have to support also...

excluded from syariah compliance doesn't mean bad, just that some funds cant hold them >1 month. I think this syariah thingy contribute to some panic selling also...

Regarding the syariah status, I think most probably syariah status will gone as its debt is too high. Funds need to sell SKPetro within 1 month after the announcement. Think this is the main reason for the panic sell recently. Hopefully things getting better soon.

Is this consider a good news for OnG counters? http://www.theedgemarkets.com/en/node/169604

Just wonder why recently there are news (either good or bad) for other oil and gas counters, but seems no news for SKPetro. Hopefully they are planning something big for us...haha

I dun have the paper. The news is from nanyang, here is the link: http://www.nanyang.com/node/661811. Those analysts are bullshitting, few weeks ago fundsupermart still recommend people to buy...haha

New TP given by Maybank is 3.80...

drop so much u still can relax ah, i think today skp will drop also....

I believe what fortunebullz and nordimohd said here. They give reason and fact supporting what they said.

Hopefully today can reach 3.30

Hi @fortunebullz and @nordimohd, seems both of you are pretty sure that the oil will be rebound quite soon. Do you mind to share what is the reason that support this? Would like to know so that I can sleep well. Lost too much on this counter d... :(

Also, recent price are forming a double bottom right?

Although oil price increase, it just went oversold from all RSI indicators! Hope a rebound coming soon!

@nordimohd, @Lonaldo Lo and @fortunebullz many thanks for your views and explanations here. Learn a lot from what you all share and discusses here. Hope the price will rebound next week. :P

@nordi, do you think the price falling is cause by foreign fund selling or epf selling from left hand to right hand? The volume for these few weeks really huge!

TP given by CIMB never reach, at least from when I start collect SKPETRO...

Despite all good news, but this counter price drop. I think need to wait after the Warrant Expire then only got hope...

Rise around 30% since RM5.80, it is time for correction?

The price will be within 3.92-4.10...

SKPETRO-CS will expire on 24Oct. So it that means someone will make sure the price won't over 4.10 before 24Oct?

Yes.

Its par value is RM0.50, so 26% means 13sen.

Hi inv2014, it is 13sen per share.

Nice result for FY14. Read this article earlier, but I do not take action. How I wish I could react immediately after reading kcchongnz article. :(