panic selling

panic panic panic !!!

2.03........ : )

TF in trouble ?

2.11, ..........

The recent oil price rally doesn’t seem to have legs as prices came under pressure on stronger dollar and growing stockpile.

Oil prices have been hovering around the US$65 (RM235) level since beginning of the month but a 3% slip on Tuesday caused jitters among investors.

The worry is not baseless.

There is no indication that the 12-member Organisation of the Petroleum Exporting Countries will be cutting down on production in a June meeting while shale producers continue to improve efficiency.

That is despite rig count falling for close to half a year in North America.

A local report from North Dakota, where one of the biggest reserves in US from, said the number of rigs there had stabilised.

“I think US$65 is the ceiling in the short term. Once oil prices get higher than that, the shale oil operators will start drilling again,” an analyst told StarBiz.

One of the reasons oil prices have recovered from a low of US$46.59 per barrel in January was the fall in the production from shale oil and gas operators as indicated by the drop in the number of shale rigs utilised in the United States.

The efficiency among shale operators, however, has outstripped the number of rigs, bringing in more supply.

Another analyst also said oil prices wouldn’t sustain at those levels for too long as fundamentals appeared negative at large.

Petronas projects Brent crude to average at US$55 per barrel for the whole year and the assumption is 18% lower than current prices.

Deutsche Bank AG, Citigroup Inc and Goldman Sachs Group Inc said the recovery of oil prices from a six-year low earlier this year would not go on.

Deutsche estimated Brent to average US$62.50 a barrel while Goldman expected prices to fall to US$45 by October.

Goldman’s prediction was on the back of excess supply and the ease of getting loans in a liquid market.

waw, 2.12 already !

bullbear selling, ha ha

wah, panic selling !

Malakof, Maybank, KWAP, Tabung, EPF ---------> 1MDB

closing below 1.60, possible ???

Maybank also panic now, chialak lor !

18 tenders, 8 Malaysia, 3 middle east n 7 others

umwog will move within 2.01 - 2.05, : )

Maybank also pucak already, ha ha

malakof deal with 1MDB, confirm or not, once confirmed, sure panic selling

Malakoff = 1MDB, no play play

MIracles...................... : )

in Malaysia, rule of thumb, when investment bank ask u to buy, u better sell, vice versa

Target Price update :

Alliance : 1.75
Hong Leong : 1.85
Affin : 1.60
AMMB : 1.75

in Malaysia, rule of thumb, when investment bank ask u to buy, u better sell, vice versa

still got profit, not bad, ha ha

profit down expected, priced in

emmm, revenue up 58%, : )

2morow panic selling again ? : )

which funds selling like no tomorrow ? may be KWAP, they need money to buy land from 1MDB, : )
while umw and PNB just waiting, watching, n doing nothing

in 2015,

Contract secured : 0

contract lost : 1

contract to be expired : 3

critical support at 2.10 breached, umwog share price collapsed if no further support

all these have been largely priced in, yes, supernova, that is another factor that we hv to consider in decision making

immediate support at 2.11, next will be 2.00 and 1.96 respectively

oil up, umwog down, oil down, umwog also down, interesting, : )

KWAP, not KWSP (EPF), : )

unless signing a new contract, otherwise umwog collapsed

KWAP selling umwog n buy skpetro, oil 70 soon, umwog like below 2.00 soon, : )

wow, panic selling, kwap selling like no 2morow

worst O&G counter !

UMW OG HOLLAND limited

it will need more than two years to recover, price will move within 2.05 - 2.10

most probably it was banks margin call since no -ve news

wao, panic selling, scary, confirmed or not ???

panic selling........

emmmm, strong resistance at 2.40

first resistance 2.27 and 2nd resistance at 2.33 breached, what next, : ) enjoy

AirAsia plans to sell a 30% stake in the Indonesian carrier. AirAsia will be assigning the bankers for the IPO soon and will be making the announcement on that matter in the next couple of month. The airline is hoping to take advantage of rapid growth in Asia Pacific, where the number of passengers is projected to grow nearly 5% a year in the next two decades. Also, the airline expects to start a Japan venture early next year and is currently in the final stages of the application process. (Source: The Edge Financial Daily)

Easy cash for oil explorers will prolong the supply glut that has slashed prices and profits by buoying companies that otherwise would shrink or die, said Occidental Petroleum Corp. Chief Executive Officer Stephen Chazen.

In previous oil-industry busts, producers had to rely on loans to survive because they were shut out of capital markets, Chazen said at the IHS CERAWeek event in Houston on Monday. This time around, oil companies have a host of alternative financing available from the bond and equity markets, as well as private equity firms and hedge funds, he said.

“In the past cycles the industry was kept out of the capital markets -- they couldn’t sell stock and they couldn’t sell debt really, and the banks sort of bailed them out,” Chazen said. “There’s a lot of new money out there. That’s what’s different.”

The life support provided to the weakest players in the petroleum sector will slow the reduction in output required to re-balance oil markets and allow prices to begin recovering, he said.

Chazen, 68, said oil prices appear likely to average $60 a barrel over the medium term.

we hv AA india, japan, philipine, thai n indon, AA flies within china under which associate ???

down 3 cts again ? : )

AA up 3 cts, down 3 cts, : )

1st resistance at 2.27, next, 2.33, enjoy

sold the balance 20% at 2.70, cleared, thank you skpetro