enter cost is cheaper

we don't know when seller finish selling, try armada, right now armada have bigger potential

I don't know why, but it seems the syndicate purposely push it down so that everyone can enter and buy cheap, so that everyone fatt together

wrong name, should be batang ?

when the right issue taken place, 1) the price will be average down, 2) you need to fork out some more money to subscribe to the right

If crude price stay at current level, many stock will die. It has to maintain above 60. Don't forget U.S. have a lot shale oil, their output seen up when crude price up that bring down the crude price.

gudluck !

Look at that crude price chart for last 5 years , it was below 40 not for long in mid of 2015, but indeed been hopping around 50 most of the time.

http://www.infomine.com/investment/metal-prices/crude-oil/5-year/

This counter have made huge loses for the last 4 quarter, unless crude price recover otherwise the future really look cloudy, becareful folks

Looks like crude oil is going to stay at current price for long time. Buying oil stock now either you make a lot or you lose a lot, the risk is high. I cannot effort risk, have move away from oil stock.

new low again today, becareful.

Tough road ahead for oil industry, some counter may not survive !

next potential thing that could happened will be margin call

now touching .295

after the RI, the price is expected to go even lower

something profitable everybdy want a piece of it, otherwise don't

put it this way, why their parent company sold ? They knew something we don't

everyday new low ! Masuk sure die

really looks bad

Now oil is recovering, so it is unlikely this counter turn red, unless something bad is happening.
If business is bad, insider have first hand info. They are the one who start selling first, next you will see bursa filing insider disposing their portion.

hehehe...well, that buyer who queue and buying a lot at 0.35, 0.355 must be silly enough

if you looking for dividen, this is already wrong place dude, go maybank, bat, nestle !

If we check at bursa announcement quarterly result for the past 4 quarter, we can see other O&G counter such as skpetro, Armada, Hibiscus, Icon, UMW O&G, they have at least one quarter in red, but not this counter.
The thing that puzzling me is why the price is reverse from the world crude price trend, there is no sign major share holder disposing their portion. From day to day share trading, there seems someone putting a big fish net wait and catching small fish.

you have the absolute right on your capital

psychological play

when big shark want to sell, to sell at high price they need people to buy, so they spread good news, they push a bit to initiate the momentum, there it's go

sometime when big shark want to collect, buy cheap, they have to create fake scenario

.355 finished, then come again

It looks like there are people accumulating

Icon and UMW O&G suspended, merger talk. Hope they will lead all O&G counter move

...and why

KNM is under perform against the oil market. Oil market is recovering but KNM is going down. Don't see in Bursa filing any major shareholder disposing their portion. So just wonder who is pressing down the price ?

I think it is a small shark, have capital problem

if you trace back bursa annuncement, there were hell alot of private placement at the price ranging from $0.245 to $0.18. For those people their profit is at least 100% by now.

knee jerk reaction triggered

other counter also affected by this sentiment

volume is very high, buyer and seller is fighting, as at now seller overcome buyer

Of course the higher the better, but as long as oil can maintain above USD 50.

OPEC chief confident in commitment, enthusiasm for output cut deal
https://www.investing.com/news/commodities-news/opec-chief-confident-in-commitment,-enthusiasm-for-output-cut-deal-453094

I don't see anywhere about take over

2.5 years ago the listed price is RM1.80, so what is RM 0.50 ? :-0

that is my observation, you need to do your own research, I do not hold responsility for anyone else except my own investment

my personal observation is opposite to yours, someone is putting a lot of figure on seller side to put a false illusion , to force small fish to sell, while they are collecting

Unlike Hibicus or KNM where both are highly speculative high daily volume, a ot of day trader in there. This counter is less speculative

election year

Just before the oil market going down, icon offshore listed at RM1.85 per share on 25/6/2014
http://www.iconoffshore.com.my/115/news/icon-raises-rm945mil--largest-ipo-so-far-this-year

new year new begin for icon

well, it looks like going to move today :-)

this is the among a few oil counter haven't really move, I bet it will