Get ready for crude oil below USD 50/bbl come 2015 and going down to USD 40/bbl by 1H 2015

Get ready for crude oil below USD 50/bbl come 2015 and going down to USD 40/bbl by 1H 2015....

Get ready for crude oil below USD 50/bbl come 2015 and going down to USD 40/bbl by 1H 2015....

Get ready for crude oil below USD 50/bbl come 2015 and going down to USD 40/bbl by 1H 2015....

Standard & Poor’s Ratings Services revised its outlook to negative for Royal Dutch Shell Plc (RDSA), Total SA (FP) and BP Plc (BP/) as the oil-market rout driven by weakening demand and a flood of supply from American shale fields threatens cash flow into 2016.

The credit-rating company also cast a dim eye on Houston-based ConocoPhillips, saying it’s facing similar cash flow pressure, and said it may cut the ratings on Eni SpA (ENI) and BG Group Plc’s BG Energy Holdings. S&P cited “the dramatic deterioration in the oil price outlook” and the 50 percent increase in debt loads for the biggest European oil producers since the end of 2008.
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Look at the big picture...Big Global Oil & Gas companies are facing cash flow pressures...it will get worse in 2015 and beyond ....

Standard & Poor’s Ratings Services revised its outlook to negative for Royal Dutch Shell Plc (RDSA), Total SA (FP) and BP Plc (BP/) as the oil-market rout driven by weakening demand and a flood of supply from American shale fields threatens cash flow into 2016.

The credit-rating company also cast a dim eye on Houston-based ConocoPhillips, saying it’s facing similar cash flow pressure, and said it may cut the ratings on Eni SpA (ENI) and BG Group Plc’s BG Energy Holdings. S&P cited “the dramatic deterioration in the oil price outlook” and the 50 percent increase in debt loads for the biggest European oil producers since the end of 2008.
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Look at the big picture...Big Global Oil & Gas companies are facing cash flow pressures.....it will get worse in 2015 and beyond...

Standard & Poor’s Ratings Services revised its outlook to negative for Royal Dutch Shell Plc (RDSA), Total SA (FP) and BP Plc (BP/) as the oil-market rout driven by weakening demand and a flood of supply from American shale fields threatens cash flow into 2016.

The credit-rating company also cast a dim eye on Houston-based ConocoPhillips, saying it’s facing similar cash flow pressure, and said it may cut the ratings on Eni SpA (ENI) and BG Group Plc’s BG Energy Holdings. S&P cited “the dramatic deterioration in the oil price outlook” and the 50 percent increase in debt loads for the biggest European oil producers since the end of 2008.
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Look at the big picture...Big Global Oil & Gas companies are facing cash flow pressures.....it will get worse in 2015 and beyond...

Standard & Poor’s Ratings Services revised its outlook to negative for Royal Dutch Shell Plc (RDSA), Total SA (FP) and BP Plc (BP/) as the oil-market rout driven by weakening demand and a flood of supply from American shale fields threatens cash flow into 2016.

The credit-rating company also cast a dim eye on Houston-based ConocoPhillips, saying it’s facing similar cash flow pressure, and said it may cut the ratings on Eni SpA (ENI) and BG Group Plc’s BG Energy Holdings. S&P cited “the dramatic deterioration in the oil price outlook” and the 50 percent increase in debt loads for the biggest European oil producers since the end of 2008.
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Look at the big picture...Big Global Oil & Gas companies are facing cash flow pressures.....it will get worse in 2015 and beyond...

Standard & Poor’s Ratings Services revised its outlook to negative for Royal Dutch Shell Plc (RDSA), Total SA (FP) and BP Plc (BP/) as the oil-market rout driven by weakening demand and a flood of supply from American shale fields threatens cash flow into 2016.

The credit-rating company also cast a dim eye on Houston-based ConocoPhillips, saying it’s facing similar cash flow pressure, and said it may cut the ratings on Eni SpA (ENI) and BG Group Plc’s BG Energy Holdings. S&P cited “the dramatic deterioration in the oil price outlook” and the 50 percent increase in debt loads for the biggest European oil producers since the end of 2008.
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Look at the big picture...Big Global Oil & Gas companies are facing cash flow pressures.....it will get worse in 2015 and beyond...

The market is oversupplied by 2 million barrels a day, according to Mohammed Al Sada, Qatar’s energy minister
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Are the OPEC and non OPEC members going to self regulate to cut production by 2 million barrels /day? The answer is NO NO NO

The obvious facts are as follows
- OPEC members are not in agreement with one another. Venezuela wanted OPEC to cut production but Saudi Arabia decided against it and wanted the non OPEC members to do so
- a member of OPEC had blamed non OPEC members for the price down fall but OPEC had decided against a production cut
- Shale Oil production in 2015 will increase further in USA due to huge investments that had borne fruition in shale oil production in 2014 and beyond
- Does Saudi really know the marginal cost of producing shale oil in USA?

The recent improvement in Crude Oil price was due to covering of the shorts. The fundamental of supply versus demand does not support an increase in Crude Oil price...the supply of crude oil exceeds 2 million barrels/day now...It may even widen in 2015..currrent price of crude oil may not even sustain come 2015...

The market is oversupplied by 2 million barrels a day, according to Mohammed Al Sada, Qatar’s energy minister
------------------------------------------------------------------------------------------------------
Are the OPEC and non OPEC members going to self regulate to cut production by 2 million barrels /day? The answer is NO NO NO

The obvious facts are as follows
- OPEC members are not in agreement with one another. Venezuela wanted OPEC to cut production but Saudi Arabia decided against it and wanted the non OPEC members to do so
- a member of OPEC had blamed non OPEC members for the price down fall but OPEC had decided against a production cut
- Shale Oil production in 2015 will increase further in USA due to huge investments that had borne fruition in shale oil production in 2014 and beyond
- Does Saudi really know the marginal cost of producing shale oil in USA?

The recent improvement in Crude Oil price was due to covering of the shorts. The fundamental of supply versus demand does not support an increase in Crude Oil price...the supply of crude oil exceeds 2 million barrels/day now...It may even widen in 2015. Current price of crude oil may not even sustain come 2015...

The market is oversupplied by 2 million barrels a day, according to Mohammed Al Sada, Qatar’s energy minister
------------------------------------------------------------------------------------------------------
Are the OPEC and non OPEC members going to self regulate to cut production by 2 million barrels /day? The answer is NO NO NO

The obvious facts are as follows
- OPEC members are not in agreement with one another. Venezuela wanted OPEC to cut production but Saudi Arabia decided against it and wanted the non OPEC members to do so
- a member of OPEC had blamed non OPEC members for the price down fall but OPEC had decided against a production cut
- Shale Oil production in 2015 will increase further in USA due to huge investments that had borne fruition in shale oil production in 2014 and beyond
- Does Saudi really know the marginal cost of producing shale oil in USA?

The recent improvement in Crude Oil price was due to covering of the shorts. The fundamental of supply versus demand does not support an increase in Crude Oil price...the supply of crude oil exceeds 2 million barrels/day now...It may even widen in 2015. Current price may not sustain in 2015...

The market is oversupplied by 2 million barrels a day, according to Mohammed Al Sada, Qatar’s energy minister
------------------------------------------------------------------------------------------------------
Are the OPEC and non OPEC members going to self regulate to cut production by 2 million barrels /day? The answer is NO NO NO

The obvious facts are as follows
- OPEC members are not in agreement with one another. Venezuela wanted OPEC to cut production but Saudi Arabia decided against it and wanted the non OPEC members to do so
- a member of OPEC had blamed non OPEC members for the price down fall but OPEC had decided against a production cut
- Shale Oil production in 2015 will increase further in USA due to huge investments that had borne fruition in shale oil production in 2014 and beyond
- Does Saudi really know the marginal cost of producing shale oil in USA?

The recent improvement in Crude Oil price was due to covering of the shorts. The fundamental of supply versus demand does not support an increase in Crude Oil price...the supply of crude oil exceeds 2 million barrels/day now...It may even widen in 2015.

The market is oversupplied by 2 million barrels a day, according to Mohammed Al Sada, Qatar’s energy minister
------------------------------------------------------------------------------------------------------
Are the OPEC and non OPEC members going to self regulate to cut production by 2 million barrels /day? The answer is NO NO NO

The obvious facts are as follows
- OPEC members are not in agreement with one another. Venezuela wanted OPEC to cut production but Saudi Arabia decided against it and wanted the non OPEC members to do so
- a member of OPEC had blamed non OPEC members for the price down fall but OPEC had decided against a production cut
- Shale Oil production in 2015 will increase further in USA due to huge investments that had borne fruition in shale oil production in 2014 and beyond
- Does Saudi really know the marginal cost of producing shale oil in USA?

The recent improvement in Crude Oil price was due to covering of the shorts. The fundamental of supply versus demand does not support an increase in Crude Oil price...the supply of crude oil exceeds 2 million barrels/day now...It may even widen in 2015.

The market is oversupplied by 2 million barrels a day, according to Mohammed Al Sada, Qatar’s energy minister
------------------------------------------------------------------------------------------------------
Are the OPEC and non OPEC members going to self regulate to cut production by 2 million barrels /day? The answer is NO NO NO

The obvious facts are as follows
- OPEC members are not in agreement with one another. Venezuela wanted OPEC to cut production but Saudi Arabia decided against it and wanted the non OPEC members to do so
- a member of OPEC had blamed non OPEC members for the price down fall but OPEC had decided against a production cut
- Shale Oil production in 2015 will increase further in USA due to huge investments that had borne fruition in shale oil production in 2014 and beyond
- Does Saudi really know the marginal cost of producing shale oil in USA?

The recent improvement in Crude Oil price was due to covering of the shorts. The fundamental of supply versus demand does not support an increase in Crude Oil price...the supply of crude oil exceeds 2 million barrels/day now...It may even widen in 2015.

PMETAL tested its long term support yesterday and closed higher. Got into PMETAL yesterday evening near close. Looks like PMETAL will rebound off its recent lows.

Got into SKPETRO yesterday at closing as it was extremely oversold....besides the major shareholders and EPF were buying back the shares...looks like SKPETRO has lots of upside as of today!!!

FED govt revenue will shrink in 2015. With revenue shrinking govt must cut back on expenditures or increase revenue. GST will be top priority for the govt right now as it will give the govt immediate revenue...just forget about fuel subsidies as the govt cannot afford to subsidize fuel with shrinking income.

Global shakeout of major Oil& Gas players, Oil & Gas service providers is continuing as Crude Oil prices downtrend further...Oil & Gas companies with huge debts in USD will face tremendous pressures to stay afloat......

What's left after this global shakeout are the lean, mean ,fittest and lowest cost players...the high cost players will not survive...Be wary of any Oil & Gas companies with huge debts to service especially huge debts denominated in USD , SGD or other strong currencies...

Global shakeout of major Oil& Gas players, Oil & Gas service providers is continuing as Crude Oil prices downtrend further...Oil & Gas companies with huge debts in USD will face tremendous pressures to stay afloat......

What's left after this global shakeout are the lean, mean ,fittest and lowest cost players...the high cost players will not survive...Be wary of any Oil & Gas companies with huge debts to service especially huge debts denominated in USD , SGD or other strong currencies...

Global shakeout of major Oil& Gas players, Oil & Gas service providers is continuing as Crude Oil prices downtrend further...Oil & Gas companies with huge debts in USD will face tremendous pressures to stay afloat......

What's left after this global shakeout are the lean, mean ,fittest and lowest cost players...the high cost players will not survive...Be wary of any Oil & Gas companies with huge debts to service especially huge debts denominated in USD , SGD or other strong currencies...

Morgan Stanley Research estimates Malaysia’s fiscal deficit could widen by at least 0.3% in 2015, should the crude oil prices fall to US$66 (RM230) per barrel. In a research report today, Morgan Stanley commented that every US$10 per barrel fall in oil prices from US$66 per barrel, would further weaken the fiscal balance by 0.6%.

"The unwinding fuel subsidies and falling oil prices, have a negative impact on the Malaysia's Gross Domestic Product (GDP).

"Persistently, soft oil prices and their impact on government revenue, mean that policy-makers would need to cut back on expenditure or increase revenue elsewhere, in order to stay on the fiscal consolidation track," it added. - See more at: http://www.themalaysianinsider.com/business/article/malaysias-budget-deficit-to-rise-0.3-if-oil-prices-falls-to-us66-per-barrel#sthash.o6VBpovn.953pvf89.dpuf

Chill out and just watch the show...maybe one may just zzzzzzzzz off it the show is just too long into 2015...

Chill out and just watch the show...maybe one may just zzzzzzzzz off it the show is just too long into 2015...

Chill out and just watch the show...maybe one may just zzzzzzzzz off if the show is just too long into 2015...

Oil & Gas SPACS have SOLID CASH...all the other Oil & Gas service providers cum wannabe Oil field owners have huge debts and may possibly face cash flow crunch!!!!

Oil & Gas SPACS have SOLID CASH...all the other Oil & Gas service providers cum wannabe Oil field owners have huge debts and may possibly face cash flow crunch!!!!

Oil & Gas SPACS have SOLID CASH...all the other Oil & Gas service providers cum wannabe Oil field owners have huge debts and may possibly face cash flow crunch!!!!

Global supply exceeds global demand....to rebound every producers must cut back on its production...who is cutting back?...hmmm... No one.....so the global shakeout will continue on its course...which means further price competition amongst the major players....until the weakest are eliminated by price attrition.....good opportunity now to look into Oil & Gas SPACS with CASH to invest...OIL & Gas SPACS will be the first to rebound if the current Oil & Gas price war is finally over..

Global supply exceeds global demand....to rebound every producers must cut back on its production...who is cutting back?...hmmm... No one.....so the global shakeout will continue on its course...which means further price competition amongst the major players....until the weakest are eliminated by price attrition.....good opportunity now to look into Oil & Gas SPACS with CASH to invest...OIL & Gas SPACS will be the first to rebound if the current Oil & Gas price war is finally over..

Global shakeout of major Oil & Gas players, Oil & Gas service providers is ongoing and will take a while more...the new normal will be low crude oil prices... what's left after this global shakeout will be the lean, mean ,fittest and lowest cost players...the high cost players will be taken over for a song...Be wary of any Oil & Gas companies with monumental debts to service...especially huge debts denominated in USD....unless it earns revenue in USD.

Global shakeout of major oil players, Oil & Gas service providers is ongoing and will take a while more...the new normal will be low crude oil prices... what's left after this global shakeout will be the lean, mean ,fittest and lowest cost players...the high cost players will be taken over for a song...Be wary of any Oil & Gas companies with monumental debts to service...especially huge debts denominated in USD...

Global shakeout of major oil players, Oil & Gas service providers is ongoing and will take a while more...the new normal will be low crude oil prices... what's left after this global shakeout will be the lean, mean ,fittest and lowest cost players...the high cost players will be taken over for a song...

PMetal is now on short to medium term downtrend...It had already broke down on its support at 2.57 and its next strong support will be at its long term support at 2.42 to 2.20.

just chill out, relax, no need to think too much nor take any position...just watch the show....Important to focus on what will be the govt decision on the planned 2015 budget....what are must have projects, what are not so important projects...

Just chill out, enjoy life and watch the show...no need to think too...nor take any position...just relax

Just chill out, enjoy life and watch the show...no need to think too...nor take any position...just relax

Just chill out, enjoy life and watch the show...no need to think too...nor take any position...just relax

The only certainty is...nothing is certain...alu price is weakening and may weaken some more...PMetal had already broken down from its medium to long term support at 2.98 to 2.80...This will be its resistance in any rebound...it is now on short to medium term downtrend...If current support at 2.57 breaks, it may find strong support at its long term support at 2.42 to 2.20...

Just chill out, enjoy life, have more patience and watch the show...

Just chill out, enjoy life, have more patience and watch the show...

Welcome to the new normal in the world of low crude oil prices...it may even hit new low prices in the near future which may possibly be beyond your expectation...Global shakeout of major oil players, service providers is ongoing and will last quite some time more... only the fittest, lowest cost players will survive...

Welcome to the new normal in the world of low crude oil prices...it may even hit new low prices in the near future which may possibly be beyond your expectation...Global shakeout of major oil players, service providers is ongoing and will last quite some time more... only the fittest, lowest cost players will survive...

Welcome to the new normal in the world of low crude oil prices...it may even hit new low prices in the near future which may possibly be beyond your expectation...Global shakeout of major oil players, service providers is ongoing and will last quite some time more... only the fittest, lowest cost players will survive...

Just wondering...hmm...amongst the conventional oil fields, shale oil and CBM gas fields...which has the lowest cost of production??? What assets does SKP has at the moment?

The unconventional crude oil ala shale oil is the game changer now ...China has huge reserves of shale oil ..largely not commercialized as yet.....just imagine what will happen to the crude oil price if China starts to commercialize its shale oil???? besides shale oil, there is also CBM Gas...a very sweet gas...found in wet coal formations...

The recent rebound had lost strength so quickly much to the chagrin of the long term investors...DS is still in downtrend...the recent low of 1.02 maybe just a temporary low...the 1.00 support is very crucial now..... if 1.00 support breaks, it will be fast speed downhill for DS....for the sake of all the long term investors, hopefully this will not happen...

Why catch falling knives...no one knows when crude oil bottoms out, what is the bottom price of crude oil...what will happen to oil company finances...the bottoming process could possibly be longer than your time expectation...have patience...just take a break.... chill out...don't be addicted to falling oil price..!!!

Self Confidence is a prerequisite to any future undertakings...you have to have confidence in your own ability and then be tough enough to follow it through..

When you own or take responsibility for your feelings...you place yourself in a position of power and control...cherish your own emotions but NEVER undervalue them...the sign of a successful investor is their ability to control emotions by the application of reason...