Opec has kept production steady, worried that any reduction in its output would have little impact on price and instead mean surrendering market share.

"The decision has been made. Things will be left as is," Opec secretary-general Abdullah al-Badri told a conference in Dubai on Sunday. "We agreed that it is important to continue with production (at current levels) for the... coming period."

Warren Buffet belongs to d capitalist group who r using trillions to crash Global shares why shd he buy oil companies....he is a currency trader????

http://oilprice.com/Energy/Crude-Oil/The-OPEC-Conundrum-Expect-Production-Cuts-Before-June-2015.html

US is d largest consumer of energy besides their own production also importing to meet their demand. Saudi export affected so they r trying to maintain their share to US is maintained.Meanwhile some shale companies hv stopped operating..this is one side of d story simultaneously d US capitalist using trillions to crash Global shares.I feel positive news after Xmas, wait for 2015 until then hold on to yr horses...my2c.

http://www.cbsnews.com/news/no-bottom-in-sight-for-oil-prices/

Ssw5 is expected to end at around 1655.......Klci closing 1697 so another drop of 42 points b4 up?

FBM KLCI 1,697.31 -35.68 2.06%

PROFITABLE TRADING FROM SKYHAWK.
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Sunday, December 14, 2014

FBMKLCI(composite Index) ---heading to which direction???


The composite index is now in the normal corrective wave4 ...

It is now unfolding the minor corrective waves...the ssw

Ssw3 is expected to end at 1713 ...before the ssw4 (uptrending wave) takes over..

Ssw4 is expected to end at 1779....before the last minor wave...ssw5 (downtrending wave) kicks into action

Ssw5 is expected to end at around 1655...

The next BULLISH WAVE 5...WILL SCALE UP TO 1905(my personnal tp)

The above is just my2c opinion....Trade at your own risks...

The ball is at Saudi's feet only they can decide Suma fate!

http://www.bloomberg.com/news/2014-12-11/iraq-says-asia-crude-discounts-offer-no-basis-for-oil-price-war.html

Yes! Survival is a question now???? many shale r dying....?

Now ANAk wants d Chairman sacked.

Govt shd be blamed for appointing TS Isa as Chairman who dont hv any "oil palm buisness knowledge". When felda tress r old n due for replanting he went ahead with IPO. How many millions spent on IPO? At least if d yield is high can sustain now all gone like 1MD...looks like no end.What is happening in d country.

http://www.thestar.com.my/Business/Business-News/2014/12/15/KLCI-tumbles-nearly-30-points-at-midday/?style=biz

During d Asian crisis we managed to sustain becoz palm oil price was good n d demand was there now palm oil in glut.In d first place glut shd not happen if d so called professionals r honest.Now with cheap crude n cheap palm oil price.Oil Industry doomed but if UP n KLK can get higher yield n their shares r above 20 then what happened to "F" can I say lazy managers not doing d field walking.Palm oil industry is labour intensive which needs intensive supervision.DPM has already opened d flood gate....asking experienced retirees to comment for d betterment of d country therefore we start talking,

During d Asian crisis we managed to sustain becoz palm oil price was good n d demand was there now palm oil in glut.In d first place glut shd not happen if d so called professionals r honest.Now with cheap crude n cheap palm oil price.Oil Industry doomed but if UP n KLK can get higher yield n their shares r above 20 then what happened to "F" can I say lazy managers not doing d field walking.Palm oil industry is labour intensive which needs intensive supervision.DPM has already opened d flood gate....asking experienced retirees to comment for d betterment of d country therefore we start talking,

....of course its their own makng all r money crooks!!!!

Currency traders r out to pull our shares down to meet their own Agenda.

KUALA LUMPUR: Foreign selling of Malaysia’s blue chips extended into the third week on Monday, sending the FBM KLCI reeling towards the psychologically important 1,700 level.

SINGAPORE: Oil prices sank to a fresh five-year low in Asia on Monday after a top Opec official said the relentless plunge was not just because of a global supply glut.

US benchmark West Texas Intermediate for January delivery fell 25 cents to US$57.56 while Brent crude for January was down one cent to US$61.84 in mid-morning trade.

Most oil market observers attribute the price slump to a supply glut – spurred by rising US shale oil production.

Ya! Saudi already in d business of low crude they may not withdraw that fast so 6 mths is most likely for recovery but dont expect 100 maybe 80-85.....becoz many countries r hoarding cheap oil.

Capitalist (Jews) over powering d Economist even Obama hv no control on them?

http://markets.ft.com/research/Markets/Tearsheets/Financials?s=SUMATEC:KLS&subview=BalanceSheet&period=q

4Q coming 27/2/15

HS n his tycoon friends r defending d stock n fighting d sharks lets see who is stronger?

Hostages held in Sydney, Islamic flag unfurled


0 0 3
Hostages were being held inside a central Sydney cafe where a black flag with white Arabic writing could be seen in the window, local television showed on Monday, raising fears of an attack linked to Islamic militants.

Suma not on bank loan n current revenue from services not oil. HS can support d stock but if currency traders come crashing only god can save the crisis.

A compny goes to PN1 first if default bank loan b4 PN17...a fundamentally strong compony share pr can drop or go up due to speculation. Now situation is scarry becoz d US capitalist r hving trillions of cash to meddle d global shares.This may continue partially into first half of 2015.....!!!!!!!!

http://klse.i3investor.com/servlets/fdnews/222930.jsp

http://klse.i3investor.com/servlets/fdnews/222934.jsp

Shale companies in trouble but d Capitalist dont care what happens inside n outside US they r using crude as a TOOL to crash Global shares n this strategy going on since 1880's so what is happening shd not surprise anyone."What goes up must come down"...What i heard in d CNN news 2015 bad n 2016 good n 2015 may be 80 n bounce 2015.Some say d strategised bank mergers in Mal...can defend d attack but d Jews knows that so be prepared for d worst....!!!!!!

Please lah! oil price cannot CRASH....as I said earlier d US capitalist work within their frame work of capitalism but this game cannot hold long....if no check n balance then crash which US wont allow......???????

Well! if can rebound b4 Xmas but they need cheap energy to celebrate so give a break standby shd be Jan onwards....my2c.

However Saudi Arabia's oil minister Ali al-Naimi had told last month's OPEC meeting the organization must combat the U.S. shale oil boom, arguing for maintaining output to depress prices and undermine the profitability of North American producers, said a source who was briefed by a non-Gulf OPEC minister.....@Ring....basing on this s'ment some Shale drillers r n may go bust now timing is d question eventually price hv to move but becoz of demand n supply(abundant oil in d mkt) i feel 80 early next year.But how long can Opec survive they need money to meet their budget.

15cts can start accumulation low price cannot hold long...early next year rebound.

FGV 3.58 HOLD PUBLIC BANK
........,,ask PB to buy n keep.....highly risky counter????????

The Economist magazine-extract: Supporting both lines of Shale n crude oil there will be winners n losers but on a net basis its a good news for global economy.40% price drop motorist in US r spending only Usd800 as compared to Usd3000= 2% pay rise.Tks to to sluggish world prices due to creation of 20,000 new wells in North Dakota n Texas using manic drilling since 2010 more then 10 times of Saudi which boosted by 3rd to nearly 9m barrels/day that is short of just of 1m b/d as compared to Saudi output.The contest between Shalemen n d Sheiks have tipped d world from a shortage to oil off to a surplus.Big net importers like India,Japan n Turkey r enjoying d big windfalls.Global GDP shd rise,will reduce low inflation still further. the Federal reserve will out off raising interest rates for longer.The European Central Bank will act boldly to ward off deflation by buying sovereign bonds. There will be loser oil producing countries whose budget depend on high prices r in particular trouble.Nigeria has been forced to raise interest rates n devalued d Naira.Venezuela looks ever loser closer to defaulting in its debts.The spectre of defaults n the speed scale pr plunged led to unnerved financial markets but d overall economic effect of cheaper oil is clearly positive.Just how positive will depend on how long d pr stays low.That is d subject of continuing tussle between Opec n Shale.Saudi wants to let d pr fall n put high cost producers out of business.That should soon crimp supply causing pr to rise.there r sign that shakeup is already there.The share prices of shale Co have been swooning. Many gone into debts even b4 d start of falling prices since most were investing in new wells, bankruptcy is likely since Shale wells r short lived n any slowdown in investment will quickly translate into falling production but in d long d industry seems assured.
........posting second time just to refresh our mind on d Global situation n what is in d mind of US capitalist...hv a good sunday.

CNN maybe they r lying but adamant on weak pr in 2015 bounce in 2016 n to meet their agenda.

Oil price cannot crash! I am wondering all d while without US support long time ago Saudi n Kuwait would hv been crashed by Iraq so they r buddies.Now why Saudi want to crash US shale. My mind says US/Saudi r joining hands 1) crash Russia... 2) crash global shares. Oil price hv been high for d last 3 yrs n now going for correction. Not I am saying d capitalist of US telling 2015 not good price but 2016 is good.

http://oilprice.com/Energy/Crude-Oil/The-2014-Oil-Price-Crash-Explained.html

http://www.nst.com.my/node/62175

The Economist magazine-extract: Supporting both lines of Shale n crude oil there will be winners n losers but on a net basis its a good news for global economy.40% price drop motorist in US r spending only Usd800 as compared to Usd3000= 2% pay rise.Tks to to sluggish world prices due to creation of 20,000 new wells in North Dakota n Texas using manic drilling since 2010 more then 10 times of Saudi which boosted by 3rd to nearly 9m barrels/day that is short of just of 1m b/d as compared to Saudi output.The contest between Shalemen n d Sheiks have tipped d world from a shortage to oil off to a surplus.Big net importers like India,Japan n Turkey r enjoying d big windfalls.Global GDP shd rise,will reduce low inflation still further. the Federal reserve will out off raising interest rates for longer.The European Central Bank will act boldly to ward off deflation by buying sovereign bonds. There will be loser oil producing countries whose budget depend on high prices r in particular trouble.Nigeria has been forced to raise interest rates n devalued d Naira.Venezuela looks ever loser closer to defaulting in its debts.The spectre of defaults n the speed scale pr plunged led to unnerved financial markets but d overall economic effect of cheaper oil is clearly positive.Just how positive will depend on how long d pr stays low.That is d subject of continuing tussle between Opec n Shale.Saudi wants to let d pr fall n put high cost producers out of business.That should soon crimp supply causing pr to rise.there r sign that shakeup is already there.The share prices of shale Co have been swooning. Many gone into debts even b4 d start of falling prices since most were investing in new wells, bankruptcy is likely since Shale wells r short lived n any slowdown in investment will quickly translate into falling production but in d long d industry seems assured.

Why drop from 60........to 10.......nobody can answer your question only god knows d fate of crude price we cant read ppl mind....well d next Q 27/2/15.

KUALA LUMPUR: Tan Sri Muhyiddin Yassin wants all education ministry retirees to offer their expertise and experience through appropriate channels, such as local non-governmental organisations (NGO) to assist the government develop the country.

The deputy prime minister said education was highly regarded by the community and therefore, the views and calls from education groups, especially retirees who had served for a long time, were welcome.

“What is there between us, there are some who are still fresh, at the age of 60, you are still young, I’m 67 and I’m still fit......@Ring we contribute our experiences how to improve d country in this Forum......but is d Govt reading???

Sumatec Resources Berhad offers services to the oil and natural gas industry. The Company offers engineering and construction services, offers marine transport services of oil, provides onshore drilling rigs and related equipment, stores oil, and explores and develops marginal oil fields. Sumatec also builds biomass fueled power plants, and explores and mines for metals.

http://www.bloomberg.com/quote/SMTC:MK

What d poor settlers will be loosing!!!!!!

The Duke of Dreamland: I'm a Chinese Malaysian. During my medical undergraduate days in Kasturba Medical College, Manipal, South India, I made a short visit to London.

While I was being driven to Heathrow Airport, the white London cab driver asked me my nationality. When I proudly answered “I'm Malaysian”, he was clearly caught by surprise.

I asked him why, and he remarked that he did not expect Malaysians to speak such a high standard of English. I was on the verge of telling him that Malaysians spoke the Queen's English but decided to hold my tongue.

But I dare say I was 'proud as a peacock'! Those were the days before the advent of "ingenuous Manglish".

Sub: This is what I have been saying, English is taught in Malay. That means when a student read a passage, the teacher explains it in Malay.

http://www.malaysiakini.com/news/283359