richkid: You panicked Nancy. :)

The consolation that Sumatec is not in deep-sea E&P.

Another ordinary day of the oily kindergarten kids' fight.

http://www.bloomberg.com/video/deep-sea-oil-drilling-in-peril-as-oil-prices-drop-MFhvIf37TeqthBUWOBFiXQ.html

If it comes, it comes. Part of the equity investing package, yeah?

Have a good day.

berakah Tonite US market open will see another 3% drop in oil price......and might trigger a massive sell off in Dow jones, then wat will happen to our market on Monday????

12/12/2014 09:35

The ECB is starting their QE in Jan15.

richkid Hope the good news will bring calm the nerves and bring back confidence....

http://finance.yahoo.com/news/stocks-climbing-ahead-big-news-144224112.html

12/12/2014 09:07

Good morning, folks.

Good morning, folks.

@Ring: there has been numerous variants on the breakeven cost per barrel, but i would take the CEO's indicated usd 50 mentioned in an earlier bfm interview.

http://www.sumatec.com/audio.php

http://www.eia.gov/tools/faqs/faq.cfm?id=367&t=6

SJ: Ron 95, 97 or V-Power?

Smurfbee! Welcome back. He..he..

http://www.energytrendsinsider.com/2014/01/10/oil-markets-and-the-shale-boom-2014/

Let's keep each other posted in progression while i believe each of us are doing our individual update and information mining.

Cheers,folks. I sincerely hope things turn out ok for all.

Ok, i believe you, Halim. :)

The consolation of all the heated exchanges is the manifestation of old timers with their opinions. Good to hear from all of you once again. :)

http://www.bloomberg.com/news/2014-12-11/u-s-index-futures-gain-after-s-p-500-rout-as-oil-shares-rebound.html

http://www.bloomberg.com/news/2014-12-11/fed-bubble-bursts-in-550-billion-of-energy-debt-credit-markets.html

Have a good evening, folks.

Have a good evening, folks.

@nomanland: based on this formula? :)

=if(cell>0.01,"Gain","loss")

Queue at 0.205 cannot get? What the...

Posted by Ring > Dec 11, 2014 04:51 PM | Report Abuse

@65/barrel in d next 6mths, Suma may go negative or 12cts....I still Q @ .205 cannot get.

Fear strategy.

musashi69 when sumatec was 60 cents, u all didntt want to sell..now 0.20cents u all want to sell...hmmmmmmmmm....what kind of strategy is this?

11/12/2014 16:40

richkid: Noted your concerns. I presume that you are not holding to any counter(s) at the moment since you had been encouraging others to clear their positions with what I deem as sincere intent. Eventually, it is still an individual decision, right?

Take it easy, richkid.

@richkid: where did you derive the 644 counters down statistics?

I am still vested.

86868 ozzie75 ...you are selling too?

11/12/2014 16:04

Bigger? In what way(s)?

bing Is it better if Russia collapsed? US then will become bigger?

11/12/2014 15:58

So the Cold War never truly ends, yeah? Mercy..


cpng I also have same feeling as they are targeting Russia.

11/12/2014 15:56

@Ring: Unfortunately we are entangled in this global issue.
You have been a great provider of macro updates. Thanks.

@cpng: No problem at all. Cheers

@Ring: When I put these 2 articles together, I see 2 kindergarten kids hurling challenges at one another.

1) http://www.cnbc.com/id/102257229?trknav=homestack:topnews:9

2) http://www.worldoil.com/US-producers-say-bring-it-on-in-oil-price-showdown.html

Ring Saudi shd stop fighting US instead compromise on d price now at d present price their reserves is depleting.

11/12/2014 15:20

http://www.cnbc.com/id/102258247

It should read as "Why should WE cut production?"

At his remarkable age of some 79, it is not a matter of "Why should I cut the production?". Good attempt though to conquer the biological constraint, yeah?

Posted by cpng > Dec 11, 2014 03:07 PM | Report Abuse

"Why should I cut the production???"
Quote from Saudi oil minister when reporters ask him last nite
when Brent broke USD65 per bbl low level since 2009.

Literally rubbing salt to the wound by the US on Venezuela, who is already suffering economically because of oil prices. Mercy..

http://www.bbc.com/news/world-latin-america-30426439

xxxx: :)
Lunchtime soon. Cheers.

Whatever the standard of language, people understand the meaning most important, yeah?

Peace, folks. :)

http://www.cnbc.com/id/102257229?trknav=homestack:topnews:9

http://www.cnbc.com/id/102257245?trknav=homestack:topnews:15

Read for leisure, yeah?

http://www.cnbc.com/id/102256702?trknav=homestack:topnews:11

Cheers. Yeah, not much education, think simple too. Now a 'permanent migrant' to a better realm. :)

benghock OZZIE75 u r correct ! ur dad adv is gd. i sold all @ 23 sen n hope to buy bk around 18 sen nx wk.

11/12/2014 11:42

Looks like our dads have something in common, yeah?

When we ask for 20% and that 20% comes, don't yearn for additional, yeah?

Posted by xxxx > Dec 11, 2014 11:21 AM | Report Abuse

If you own Sumatec shares or whatever shares, don't fall in love with the shares to the extend that you will not want to sell them. My dad used to advise me that it is very important NOT to follow your shares up and do nothing and then follow your shares down and do nothing. He said that when up, sell and forget the market for the time being. When down, buy and keep in cold storage until such times the market goes on a bull run. It works, at least for me.

Yeah, meanwhile what I do is to monitor the global progress of the existing game between the minyak hantus. None of us, not even Halim can take them on. Leave the risk mitigating tasks to the Management.

Let's keep each other posted on any developments in progression.


xxxx Sumatec prospects now hinges on price recovery of petroleum. How long that will take is uncertain. Meanwhile be careful when buying O&G counters. Good luck.

The range for the month of Oct was between mid 40s to high 60s, and in comparison to prevailing prices it suggest a paper gain. Or you mean lesser gains now?

shidayea I'm still holding since early October..n what happen now? LOSSSSSS..

11/12/2014 10:39

xxxx, the few faithful us is likely to usher into 2015 together. (?)

I had mine blast-frozen weeks back. I leave it in the good hands of all stewards of Sumatec since my investment had premised upon the business proposition.

If it comes, it comes, yeah?

0.025? I will buy.

0.225? I stay sideline.

Be greedy for nothing.

Posted by esl_22 > Dec 11, 2014 10:32 AM | Report Abuse

0.025 can buy?

xxxx: It's perfectly understandable that imaginations can run wild at times. :)

Hi, future7.

Tips? Tidak.
Holding still? Yes.

:) Have a great day ahead.

Good morning, folks.

Good morning, folks.

Good morning, Calvin.

I do agree that weak markets do present buying opportunities into fundamentally strong counters (on a no-name basis). :)

Have a good day ahead.

Been a while, woman_x. Hope all's well. We will be ok. Cheers.

Then good for you, Bruce_Lee. Can't see green for every possible counter, right? :)

Simon84, they might initiate a pre-opening carpet session over at Bursa and Bank Negara. Hopefully some divine intervention strengthen the ringgit and infuse life to Bursa. he..he..

Siva, sure. 2 jumbo size along the way.

Need to let loose. Life's short, so must have fun, yeah?