flytothemoon then why EPF no buying Iris~?

EPF only allowed to trade on main market. It goes the same with bon.

hello, what is in for this counter? any good news? the way i see it this counter is only for speculation and not growth. #my2cents

The outlook on oil prices is clear: Oil will crash. Unless prices surge. Definitely one or the other.

Crude just had the biggest two-week gain in 17 years, but it’s still about 50 percent cheaper than it was in June. The situation is volatile, and forecasts are all over the place — from as low as $20 a barrel forecast by Citigroup to as high as $200 a barrel seen by the head of OPEC.

So what’s going to happen next? Here’s a sampling of predictions from the last two weeks:

Oil will probably continue to decline to as low as $30 a barrel, said Gary Cohn, president of Goldman Sachs Group Inc. “We’re probably in the lower, longer view,” said Cohn, a former oil trader.

Oil has the potential to reach $200 per barrel from a lack of investment in new supply, warned OPEC’s Secretary General Abdell El-Badri. “If you don’t invest in oil and gas, you will see more than $200,” he said, without giving a time frame.

Shale oil will soon be needed to make up for production declines around the world, pushing U.S. prices to as high as $65 a barrel, the head of Astenbeck Capital Management wrote in a Feb. 2 letter obtained by Bloomberg News.

In a Bloomberg News survey of analysts and traders, 12 of 32 respondents predicted futures will decline through Feb. 13, while 10 forecast an increase.

“We don’t think we’ve seen the bottom yet,” said Giovanni Staunovo, a commodities analyst at UBS in Zurich.
“We are establishing a bottom,” said Bill O’Grady, chief market strategist at Confluence Investment Management in St. Louis, which oversees $2.4 billion. “In the long run, probably $60 is going to be your pivot point.”

Oil could fall as low as $30 because supply surpluses won’t disappear overnight, said Barclays analyst Miswin Mahesh.

“The fundamental supply and demand does remind me of 1986 a bit, where we could go into a period in this decade of lower oil prices,” said BP CEO Bob Dudley. Prices may stay below $60 for as long as three years, he said. “It will be a long time before we see $100 again.”

Oil could fall to the $30 a barrel range, said Fumiya Kokubu, CEO of Tokyo-based Marubeni Corp. He said he doesn’t see much of a price rebound in the next two or three years.

The recent surge in oil prices is just a "head-fake," and oil as cheap as $20 a barrel may soon be on the way, said Citigroup analyst Edward Morse. He sees a fourth-quarter rebound to about $75.

What’s an investor to think? In 2015, the average price is likely to be anywhere from $35 to $80, according to a Bloomberg Intelligence survey of 86 investment specialists. That’s a pretty big range.

To be fair, some of the forecasts above aren’t mutually exclusive. Some analysts think prices could drop further and then skyrocket once production dries up or there's a rebound in global demand, especially China. But the timing of a lasting turnaround in oil prices is murky at best.

The only thing that’s certain is more uncertainty. Probably.

As at 9.40 am 11 Feb 2015 Crude (WTI)USD50.75 Crude (brent)USD56.83 oil price hike up a bit due to strike in US which involve workers want better pay and benefit. OPEC prediction 3 years will maintain around USD60..my opinion this hike up is temporary..please be careful with O&G counters if u have small capital..set a target for profit and cut loss #my2cents

dun worry guys...you are still a winner even though u on a break even basis as your profit only able to cover the fees..this mean u understand the trading concept..

crude price shook up last week because of strike in US...this increase in OIL price can be temporary...be careful with O&G counters...but now all upside bias..pelan2 kayuh and cost averaging...oil is non renewable energy..it will sure hike up back but dunno when..if you are a long term player buy all you want cost now all O&G counters are at discount..if contra player, play at your own risks (my comment is not specific for sumatec but O&G counters generally)

Thanks DreamWarrior...my auditing experience on asset management companies thought me a lot on value investing...

TY nicenice..so meaning wait for the counter to drop again and then buy?

chankiwah that is good advice...warren buffet also hit most counters when everybody are selling...following others will make u one step behind others...always go for mid or long term rather than short term for good fortune..study company business..but for me Tan Sri Halim Saad the man behind Sumatec is always known for his trickyness...dun forget to get to know the top management of the company...#my2cents

I'm wondering should i enter this counter at RM1 as at today..eventhough TP RM1.34, O&G market is still very volatile..should have bought it last 2 weeks...any good feedback guys?

Risk are higher when u speculate on a short term basis..so when you looking for growth@long term the company business and future prospect come to play...for me IRIS still got potential in future..business is good..they got the product and diversification..my conclusion is IRIS can make that 60 cents mark back in a long term prospect #my2cents

so, GP TP on monday..would be? anybody?

ocpd are you serious? or just teasing m_faiza1? :)

hope GP price will go up on monday..really frustrated with the deal..got played by big shark..any comment on GP price next week?

thanks....any advice for me who has limited knowledge and fund..haha..i've only made a small profit last time with amprop..

moneysucker1..im a rookie in this trading industry..but i've been holding GP since last year sept...should i hold it now or buy more tomorrow?