apini,
loook the chart yrself...look at 3 months chart....
1 gas price chart...
http://data.cnbc.com/quotes/%40NG.1/tab/2

2. brent price chart
http://data.cnbc.com/quotes/%40LCO.1/tab/2

apini,
gas price has stablised n moving up n i potentially oil will follow same step...if not then gas price has to go down... over all comudity start to make u turn such as palm oil n others so likely oil price will follow wthin next 2 weeks....n SKP too due to oil price rebound n potential new contract/job from petronas....

Joel,
tq for sharing...

but have to be alert of potential correction in 1st half of 2015 due to...
1. indian n indon stock mkt reset
2. meaningful global 30% correction before new major young bull start to run again for next few years till 2018???

my guess in general comodity down trend start to make u turn...gold has been sharp down followed by sharp rebound, palm oil has rebound for few weeks, oil n gas may start to rebound from next week....
in relation to palm oil n construction azrb n gadang are real proxcy to both but...
1. y2015 is conceptual construction budget which planning n approvals are very much in progress....only ready earliest ready in 3rd qtr for tender...

2. azrb palm oil in indon affected by palm oil price up swing but not so much by biodisel n tex relief by msian gov.

3. gadang palm oil in sarawak having full blown effect on all the factors above...

just try to remember what happen to greece few years back during the financial crisis...it could happen to msia n let see the atten stock index since than u may be able to appreciate what i really mean...

chebicef,
47% skp contract ong jobs in usd n oli also sell in usd, from 3.20 to 3.50 increase about 9% n usd90 down to 83 decrease about 8% i.e net effect on oil profit due to currency exchange almost zero but 47% booked value job in brazil in usd will have 9% extra income in ringgit term....

now let see the lower oil around usd70 senerio.....for 6months
primary effect...
1. probably half of world oil fields will close shop n reduce probably one third of world oil supply
2. probably two third of oil n gas service industry e.g schlumberger will close shop

secondary effect..
1. sosio economy problem will at full swing all over the world even with in usa
2. deflation chatching in
3. world finance at total melt down
4. worst economic turn down at work
5. servil unrest n potential 3rd world war? ?? will happen
6. skp down to 10cent from around rm3.00

third round effect...
1. country with self sustainant will suvive n dominate the world...e.g iran north korea..etc..for sure u n me are long gone become slave at the road side....kikiki...
2. who ever got land can do farming...

n ringgit may hit 3.50/usd....good for msia/skp income in ringgit term....dont u thing so when msia export oriented economy n skp in usd contract/jobs

inline with what i posted earlier regarding oil price floor, for skp 2.50 was earlier price floor n 3.00+ is the current price floor i.e long time players make or break price floor....i think that why when foreign funds dispose due to currency war reason all local funds keep on buying in millions....please see the skp long term chart u will see tbis...

i think now hedge funds have found new game i.e currency to play with n abandon oil price game behind....n soon probably next 2 to 3 months yen will hit 120/usd. ...it is a currency war era guys....

n now time to sleep having good dream of oil rebound n skp rm6.00...good night guys...

n good luck to all...n to msia usd180 oil price will make palm oli good altenative fuel in replaceing petroleum fuel...biodisel etc...

glukolin,
1. global economy is catching up...infect to me the current oil low price is the new bottom floor for future oil price to move ahead...u may be able to see clearly if u look long term chart...in 1960/80 the floor was around usd25 on ward around usd45 n now around usd 80...for comparison suger pirce in floor 1960/80 was around 60cent/kg n now the floor is around rm1.20....

2. all services in oil n gas industry have gone up 3 fold since i retired n i dont think oil price will be less than usd90 because if it stay at around usd80 the ROI is so small might as well close shop n do somthing else. ..e.g 15 years ago drilling offshore well average cost about usd10mil now usd30mil...

3. after last all time high @ usd 149 the oil price will move from usd80 to next high probably usd180....i think this is the reason why all major oil co are rushing to be infront of the shale oil n shale gas because these are new bizz concept which having big future potential...so they will lock n own all the area as soon n as much as posible....e.g in msia shell having huge control oil n gas undstri in east msia n exxon in west msia...

so my 2 cent conclusion...
1. at the low return investment hadge funds have to menipulate something to make good return

2. same goes to the oil n gas related stock

3. since usd is strengthening msian oil income is unhange in ringgit term

4. skp in come is increase in ringgit term

5. oil will rebound as low price will close probably one third of all oil fields around the world as roi become minimal or negative

6. keeping skp to 2017 likely give good return minimum price rm6.0 at 2017...kikiki

haha relax be cool n tq fortunebullz n the rest for sharing yr thought .....the money is coming by on silver plate....huhu

i bought skp 100k @ 3.37 and if it fall below 3.o0 i will buy more cause to me <3.oo is to cheap to be true....

to me the cheap and easy shale oil n shale gas is just political industrial gimmik made in USA....if really truely cheap i think all the USA companies must have relocate their external plants back to USA n EU has started importing oli n gas from USA....what i was told by friend who still working in the oil n gas industry the production cost for shale oil is about usd 75 per berllel....n i might be wrong....no worry as far as skpetro is concern...it will rebound probably by next week..

no to worry n relax guys as the opec boss said. ...and see what happen after 2 weeks..

see what will happen next 2 weeks....on energy
http://www.cnbc.com/id/102165997

.....hope for the best 4.60 and above prepare for the worst 3.00 and below.....kikiki u will smile all the way....

oil rebound....but too little n too late

http://www.cnbc.com/id/102162143

tjhldg,
rm4.60...if klci @ 1967 (close to day 1824)

Brent Crude 83.71 USD Last Trade +0.85 (+1.03%)

one thing i realize if a lot of people getting mad mean the bottom is there....kikiki but they just too scare to move in....as the makt says if u fill scare go in but if u love it so much sell it....kikiki

see now oil start to rebound.... chart just make double bottom

http://data.cnbc.com/quotes/%40LCO.1/tab/2

400523,
RELAX DONT PUSH PANIC BUTTON OK...the world wont end tomorrow, i have been following skp since then waiting this current moment for buying n bought a little earlier @ 3.37 n now paper lost of rm30k n it is at the bottom of the hole now just waiting to rebound believe me.... wait probably 1 to 2 weeks u will understand what i mean...

i3i2i1,
no worry 3rd liner goreng time has come....n i bought 1 month+ ago 700k units @ 24.5 cent just waiting to dispose....

the price has been relatively going down form Jan 2014 and accelerating last 2 months, looking at the chart & fundamental n now it is approximately 38% down from all time high, i think at least now is the temporary bottom...

I retired form oil & gas industry long time a go n just wounder when shale having very little porosity probably less than 1% will hold a lot of oil n gas, yes if fracture oil n gas can follow from shale bed but i think will short live probably 5 to 10 years, in conventional oil and gas fields the natural pressure comes from water aquifer and proper maintenance will allow oil flow naturally depleted within 10 to 15 years but in shale where do the bouncy pressure come from ??? n how to manage pressure n shale reservoir performance ??? current gas n oil reserve from shale to me likely based on guesstimate/gross estimate just like when the conventional oil n gas global estimate done in the early days of the industry. else all these stories oil n gas shale are very much exaggerated for certain purpose of any body guess....may be to draw investment to the new bizz concept or just political game to push down oil price to the industrial countries advantages...

even Gawar the biggest oil field in the world in saudi some years ago started producing 30% water n probably by now may be producing water around 40% to 50%....

if the oil n gas shale so abandon how came usa yet to export oil and gas to EU but instead still hoping supply from Russia...n the current crisis is suppose to give advantage to USA in getting long term costumers... else likely it just gimmick from USA political industry...

oil rebound....????

http://data.cnbc.com/quotes/%40LCO.1/tab/2

fortunebullz,
yes u are right some crazy mind doing it n samething done to skp...kikiki

Will Asian currencies get creamed?

http://www.cnbc.com/id/102162759?trknav=homestack:topnews:6

fortunebullz,
this may be one of the reason....

Oil price falls? Why you should relax: OPEC head
http://www.cnbc.com/id/102163020

fortunebullz,
u are right oil likely having quick rebound....because the longer it become the more small n expensive oil fields n companies will close shop n with that reason oil future mkt is starting to swing up....we will see it as soon as next week....

anybody like to chase 3rd liner game which has just stated may try PANPAGE...(i recently bought average 36cent for 580k units)

glukolin,
following my 2cent opinion....
potentially that is local institutional funds are buying n foreign are selling which somebody posted earlier related to currency exchange...

in 2008 bskl bear mkt rm went up from 3.20 to 3.70 at the mkt bottom potentially the same thing happen again...

but this time i have good faith on bskl/skp although likely correction will come due to the following reasons ;
1. although global economic weakness, major economic are taking actions at least to sustain the current situation n push the economic to higher gearing such as targeting inflation >2% etc..

2. my take is global mkt bull likely will be good till year end i.e S&P top at 2100,klci 1967-2032) before around 30% correction come in 1st half of 2015 (around 6 months)

3. skp is KLCI component if klci swing up likely skp will follow

4. petronas news bizz as usual mean skp likely/potentially wining some of the petronas jobs (total contracts around rm10bil annually ???)

5. with world major players like exxon shell etc are busy chasing shale oil and shale gas it open room for company like skp be more involved in global conventional oil and gas bizz..

6. this time around we have a lot more local institutional players such as eqinas,all the local tabung amanah to sustain the mkt..

7. last but not least skp is the msian top local player n at the international entry..consider among the cheapest co in USD prospective..

so all in all buy while it cheap keep for some time till 2017 only then will enjoy the return (my expectation skp would be minimum around rm6 to rm7 some where in 2017)... about 50% return per year...... kikiki

n good luck...

i3i2i1,
bought last week @ average 3.37....but keep cool no worry i still believe things what i posted earlier...n anyway that the main reason i bought...

guys, mkt rumors skp asking to be excluded from klci component...as if the cause of foreign funds selling....any opinion ???...

worst case may be going to 2.50....best case going to >6.00.....likely case going to 4.80...well although oil price is down will there be any new energy source to replace oil in by tomorrow...?? if the answer is yes better sell cut lost now n if no can keep for long time

GoldenShares,
TQ for sharing...

what the pro says.....
http://www.cnbc.com/id/102160990?trknav=homestack:topnews:9

the unnecessary war start again....??? will this disturbing bskl... but so US & EU are not affected n they go green n US new all time high

http://www.bloomberg.com/news/2014-11-05/ukraine-truce-in-peril-as-russia-is-warned-on-sanctions.html

petronas bizz as usual guys.....n normally they will anounce most major n big contracts n jobs toward year end just like years before i.e contract deploying cycle after mof n petronas management approvals...u can always check last year n year before (go google) ....
today still syariah complience. ....

based on recent news petronas will do bizz as usual although oil price is down that mean petronas will deploy contracts n works as usual....so potentially skp will have news contracts n jobs soon as usual...that make me believe that somthing is cooking behind agressive last 2 days trading....

apini,
bought 100K units a bit expensive @3.37 but i will hold till end of the year because i believe skp is under value n since it part of the KLCI index component it should go up at least 10-20cent in supporting the index up swing ...by then if nothing move cut...but I have good feeling that something is cooking that why last 2 days the sellers n buyers queuing by millions with very aggressive actions.....

ABC,
U are right the bigest local service n also oil field owner n opretor...not mistaken recently skp bought newfield assset (oil n gas field)...newfield is small usa based co....skp also not mistaken the operator small oil field under RSC(risk service contract) for Tanjong Baram oil field...that why i posted earlier skp is currently under value n wth exiting of external co skp now become main oil n gas player at least in msia. ...

i3i2i1,
i also looking for 10-20cent for pocket money....kikiki...small pocket only just enough to fill 10-20cent...

but for long term player this is really good opportunity to buy n accumulate slowly slowly till 2016 before potentially new major up swing comes...in 2017-18

i3i2i1,
n my 2 cent opinion,look like long term players/sendicates are controlling the game...if that the case i think skpetron wont be moving up very soon..probably just move 10cent to 20cents to let small players clear their position like this morning...

the way i look at the daily trading as if forign fund is buying...n my guess they want to get exposure to brazil oil n gas industry the cheapest way through skpetro....beside the msian oil n gas bizz....as most of foraign companies leaving msia e.g exxon, recently murphy etc so skpetro is likely to be major oil n gas player at the local front n in our region cause foraign co also exit from our region such indon n philine thailand etc...

chart suggest oil to rebound around usd90...!! after 4 months down
http://www.4-traders.com/LONDON-BRENT-OIL-MAY-13-4948/technical_analysis-full/&plein=1

i3i2i1,
u brave lucky guy....now 3.23...

haha opening make u turn....hope will not turn back...