TP depends on 18/11, i feel result fair or good so TP b4 Opec meeting 42-45...if Opec agree to reduce production crude oil price 85-90 so Suma may rise to 52.Also I feel Opec will cut production n crude will rise n foreign funds have to come to Asia, they need money for seasonal holidays....bla bla so try not to belief me!!!!!!!!!

Looks like crude bottoming out n may remain at this price until Opec meet.. By this time most shares r hitting d bottom.Foreign funds may be coming n seasonal holidays also coming!!!!!!

Crude Oil and Commodity Prices
November, Sunday 16 2014 - 05:47:45
WTI Crude Oil
$75.82 ▲1.61 2.12%
2014.11.15 end-of-day

http://klse.i3investor.com/servlets/fdnews/222752.jsp

“We have to raise awareness, the government must crackdown against GLC oil palm plantation why they r not able to get YIELD similar to UP.!!!!!!!"
16/11

Crude holding steady hope no more drop until Opec meeting being "D" day.

WTI Crude Oil
$75.82 ▲1.61 2.12%
2014.11.15 end-of-day

Sona Firm On Salamander Deal

14 hours ago
PETALING JAYA: Sona Petroleum Bhd has reiterated its firm commitment to its shareholders to pursue the transactions announced with Salamander Energy Plc (Salamander) for an effective interest in the B8/38 and G4/50 concessions in Bualang.

Managing director Datuk Sri Hadian Hashim said it was aware of the ongoing speculation regarding rival bids on a corporate level for Salamander and the impact of oil prices on Sona’s agreement with the London-listed firm.....@Ring crude price ? but business goes on.....!

Sona Firm On Salamander Deal

14 hours ago
PETALING JAYA: Sona Petroleum Bhd has reiterated its firm commitment to its shareholders to pursue the transactions announced with Salamander Energy Plc (Salamander) for an effective interest in the B8/38 and G4/50 concessions in Bualang.

Managing director Datuk Sri Hadian Hashim said it was aware of the ongoing speculation regarding rival bids on a corporate level for Salamander and the impact of oil prices on Sona’s agreement with the London-listed firm.

"Great sayings"

The cuts in forecast on global demand for oil come amid speculations on the threat of “price war” in OPEC, which accounts for about 40% of global oil supplies.
The market is shrinking and oil suppliers start fighting with each other for the share in global sales, analysts say.

© AP Photo/Hasan Jamali
OPEC cuts October oil output at quickest pace over 6 months
The OPEC ministers are due to hold a meeting in Vienna on November 27 which may discuss output quota cuts to halt a fall in world oil prices. However, OPEC member states have no unanimous opinion on the need for output cuts.
Since October, Saudi Arabia has been decreasing prices on Asian contracts. Amid the reports, Venezuelan Foreign Minister Rafael Ramirez announced that the country has drafted proposals to prevent the further fall in oil prices and will offer OPEC to discuss them. Iran has also repeatedly supported reducing oil supplies.
OPEC Secretary General Abdallah Salem el-Badri said earlier this month no sharp drop in oil prices is expected, stressing that “this situation of low prices cannot continue.” He blamed the fall on “speculations” and warned against panicking.

"The cuts in forecast on global demand for oil come amid speculations on the threat of “price war” in OPEC, which accounts for about 40% of global oil supplies.
The market is shrinking and oil suppliers start fighting with each other for the share in global sales, analysts say.

© AP Photo/Hasan Jamali
OPEC cuts October oil output at quickest pace over 6 months
The OPEC ministers are due to hold a meeting in Vienna on November 27 which may discuss output quota cuts to halt a fall in world oil prices. However, OPEC member states have no unanimous opinion on the need for output cuts.
Since October, Saudi Arabia has been decreasing prices on Asian contracts. Amid the reports, Venezuelan Foreign Minister Rafael Ramirez announced that the country has drafted proposals to prevent the further fall in oil prices and will offer OPEC to discuss them. Iran has also repeatedly supported reducing oil supplies.
OPEC Secretary General Abdallah Salem el-Badri said earlier this month no sharp drop in oil prices is expected, stressing that “this situation of low prices cannot continue.” He blamed the fall on “speculations” and warned against panicking.".....from googles...just for reading pleasure!!

Oil prices are plummeting. The US price for a barrel of crude has fallen to less than $78 a barrel, the lowest level in years. That comes hard on the heels of a summer-long 25% dip in prices that pushed gas at the pump below $3 a gallon – the lowest level since 2010.

It’s not a real crash: the world doesn’t really need more oil. Much of the drop is Saudi Arabia’s latest pricing shenanigans in negotiating with Opec......"extract from googles ( cut paste)"

My argument very simple if Suma drops to 20-25 can BE materialise?..Tycoons will come to rescue d RI exercise not to save my skin but to double their profit becoz pr control is decided by them n they r getting d free warrants.Again can RI take place..answer this question first b4 we go bla bla bla.

I know sharks trying to break 30 but HS is holding it.Meanwhile 18/11 got fair profit good enough, his friends who r tycoons may come forward to materialise d RI.Don't forget they get free warrants where they may get back their capital so no issues.Now everything centred in Opec but nevertheless RI is going to materialise.Even if we don't subscribe d tycoons will take care.

Lets put it this way, if crude don't go up after d Opec meeting it is something like US bombing themselves...I see disaster...n citizens may blame d President.Occasionally global share market correction is a must, this time crude oil is being used as a tool but there is limit for everything but d question hv we reached d limit? We r trying to be positive becoz of our commitment in Suma...those who hv no hope hv left....to Opec meeting positive!

During this critical period a compony free of debt is considered good.Crude pr cannot go for a free fall, Opec meeting in 2wks time pr may stabilise around 85-95 not to be too optimistic.At this pr, for Suma a small profit is good enough becoz no debts until gas revenue.Next wk 18/11 d profit good enough for Bursa to approve d RI, but pr I guess, between 30-40 hence 40 is just a indicative pr subject to change.I feel d circulars r all ready just to insert d RI pr maybe d next day of 18/11 circulars may released becoz of d 21days gap.During this period Opec meeting n obvioisly production is going to be reduced during d period of exercising d RI to me looks positive.If u follow d media index expected to be optimistic until Christmas.Remember shares hv been badly bashed which US/Europe waiting for this kind of situation.Winter coming good for crude.A lot cash is in Asia for foreigners to earn money for their retirement fund n europeans need money for sesonal holidays n they need hard cash.Some genius r behind d curtain on d pr drop or u can call it d "d great depression of crude"...bla bla foreigners r waiting n all signs looks positive for Suma......"d way I look at it n pl try not to belief me"...hv a good weekend.

Oil higher at US$78
15 NOVEMBER 2014 @ 12:50 AM

LONDON: Oil traded above US$78 a barrel yesterday having earlier hit a four-year low, pressured by excess supply and scepticism that Opec producers will agree to cut output when they meet in Vienna in two weeks’ time.

http://subscribe.energyandcapital.com/66219?gclid=CJmkx9Cv-sECFVgMjgodNY8Atg

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1794977

CN ASIA CORP BHD (CNAC:Kuala Lumpur): Stock Quote ...
investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker...
CN Asia Corporation Bhd, an investment holding company, manufactures and sells underground and aboveground storage tanks for the petroleum and general ...

KLSE : CNASIA CN ASIA CORPORATION BHD
Last Price Today's Change Day's Range Trading Volume
0.98 +0.06 (6.52%) 0.92 - 0.98 7,100
........@Ring suddenly up any connection???

Suma no bank borrowings free of debt small profit is good enough for now until gas comes out.

KINIBIZ A legal expert has refuted a claim made by Deputy Finance Minister Ahmad Maslan that a government letter of support used to back US$3 billion (RM10 billion) in 1Malaysia Development Bhd (1MDB) loans is “not an explicit guarantee”.

Tommy Thomas, a prominent lawyer in corporate litigation and public law, yesterday said in a statement to KiniBiz that the letter of support in question obliges the Malaysian government to step in should 1MDB default on its loans.....from M..kini.

QUESTION TIME Perhaps - perhaps - the auditor-general may not be able to or have to audit the accounts of scandal-ridden national strategic investment fund 1Malaysia Development Bhd or 1MDB. But surely he can make an assessment of the impact of 1MDB on government finances and the threats it might pose. And more.

It’s easy for auditor-general Ambrin Buang to throw his hands up in the air and say there is no reason for him to audit 1MDB because it has already been audited by a big four accounting firm - Deloitte.......@Ring extract from M...kini?????????

During this time of oil crisis d sad part of our country Palm oil stocks should contribute some positive points for our index.Gentlemen i wish to create some awareness n it is my duty as a citizen, i was working 40 yrs in oil palm estates.Look at UP/Klk/IOI their "yield" is more then 23mt n also hitting 25mt but 1,000,000 ha controlled by GLC only 20mt.If this GLC can contribute high yield their share price will cross rm20 with a 100% dividend now 1MDB dwindled with debts...what is happening???????

Looiks...great input well said matter of time going to fly.

Of course for some countries low oil price,obviously, positive for their economy "pros n cons" but this kind of price may bring turmoil to US economy.Besides their country they also hv international investment so oil price hv to rebound but now we r stuck with Suma.Opec meeting n coming winter is going to stabilise d price. "Our country may loose on Petronas but will gain on subsidies" so is not end of d world!!!!!

They must give must news in d media about their dividend????

Dow Jones 17,652.79 +40.59 0.23%
Nasdaq 4,680.14 +5.01 0.11%

True don't trust these fund managers bull call means sell call????

Ya! Crude oil price dropping but as at now Dow up?????

Old news just to refresh d mind...no harm i belief?

3 Sell your rights to other investors
In some cases, rights are not transferable. These are known as "non-renounceable rights". But in most cases, your rights allow you to decide whether you want to take up the option to buy the shares or sell your rights to other investors or to the underwriter. Rights that can be traded are called "renounceable rights", and after they have been traded, the rights are known as "nil-paid rights".
@ Ring n @616198...tks this article gives excellent input but I need two answers 1) BE is an additional asset so there is no dilution of shares. 2)Although If you r not subscribing to d RI but d RI will be still credited to yr account n u r suppose to pay for it or u can sell n d period is one week....am I correct...tks.

All that is dependent on how fast it can enter into a sale and purchase agreement with the two asset owners, though Sumatec chief executive officer Chris Dalton told reporters yesterday that he expected a deal to be concluded before year’s end. The due diligence is under way.
.......@Ring if by year end everything is going to go lightning speed...on d doubles please!!!!!

http://www.thestar.com.my/Business/Business-News/2014/07/18/Sumatec-details-funding-for-new-Kazakh-assets-Half-the-amount-will-be-financed-through/?style=biz

http://www.rigzone.com/news/oil_gas/a/133993/Malaysias_Sumatec_to_Buy_Borneo_Energy_for_250M

Suma exit from PN17 @ lightning speed n we were caught by surprise, likewise we may receive d circulars for d EGM immediately after 18/11 n RI approval may run parallel.21 days notice must be given to shareholders prior to EGM.During this crucial period price hv to hold firm otherwise ppl may not subscribe.Also remember RI is not dilution of shares as interpreted by some in this forum.BE NTA value itself worth 55ct so after d purchase NTA value itself may worth more then 45ct.So d company fundamental is strong.At current rate of crude pr even US can collapse so rebound is positive.Once RI approved, it is going to be fully subscribed, d tycoons r there to take care.All i know they may push d mother sky high n sell d Warrants at a high price...as d saying goes "make hay when d sun shines"....my2c opinion!!!

National issue, 1MDB heated talk in Parliament very big loss according to YB Tony Pua, Delloyd don't want to sign n delayed in submission of a/cs etc..what is happening we r paying a higher price for RON95 although crude oil down???????

1 Oil price still dropping. Pantech still good?
13/11/2014 05:40
oil price drop is temporary....
o&g contact already secured, fundamental no change.....
13/11/2014 09:54

KLSE : PANTECH PANTECH GROUP HOLDINGS BHD
Last Price Today's Change Day's Range Trading Volume
0.93 0.00 (0.00%) 0.93 - 0.94 748,100

Suma gave us a cheap thrill today...ha ha

KUALA LUMPUR: Share prices on Bursa Malaysia were volatile at mid-afternoon today on mild gains on selected key-heavyweights and the selling on small-capitalised stocks, dealers said.

FBM KLCI 1,811.91 -4.33 0.24%
.......index down Suma uptrend very good sign.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1792789

Some of d answers requested already in this forum so they must rewind to read d analysis n decide for themselves so by saying "calculate yourself" which may make one understand better.Many r doing a lot of homework to give some inputs n goes like that way lah......!!!!!!

FBM KLCI 1,815.10 -1.14 0.06%
......index down but Suma pointing up positive positive positive sign

From d chart calculate your own NTA

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

LAUNCESTON, Australia: The 25 percent drop in Brent crude so far this year is providing an unparalleled opportunity for Asian governments to scale back or end fuel subsidies....@Ring this just to clear d air, if crude drops Petronas profit drops hence reduction in Govt revenue...not very true becoz still save on subsidies so no worries.