@aklobi, when price was below RM1.90 it was such a bargain.

See can hit RM2.50 again or not.

The calm before the storm.

Brent just hit USD95 ..... and winter is coming.

Forum here so quiet again.

Why is Bplant dropping?

Meanwhile, Brent Crude Oil rocketed above $94.63 a barrel to hit a fresh 2023 record high. Over the last two months, the world’s most traded Oil benchmark has tallied up a stunning gain of over 49% from its 2023 lows of $63.64 a barrel.

And the rally might not stop there!

Oil prices have been in a solid uptrend since Saudi Arabia announced plans to extend its 1 million barrel per day production cut until the end of the year – joined by Russia with its own 300,000 barrel per day output cut.

These cuts are in addition to the 1.66 million barrels per day output reduction other members of OPEC have put in place until the end of 2024.

Elsewhere, catastrophic floods in Libya have forced authorities to close four key Oil ports and shutdown local refineries. A move which as boosted expectations of global supply scarcity – adding further bullish tailwinds to the current energy price boom.

Libya, produces over 1 million barrels of Oil per day and sends around 85% of its exports to Europe. If all that supply in Libya was to remain off the market for an extended period of time – there’s no doubting that could easily send Oil prices soaring well into triple-digit territory.

Uptrend in Brent will lift up all O&G counters.

Go, go, go Reach.

Brent just hit USD94.

Winter is coming ........

Brent has broken through USD93.

There's only one rule that will guarantee that you make money : Buy what you can sell higher lah.

Saudi Arabia's output cuts will exacerbate tight global supplies, with the oil market expected to face its biggest deficit in over a decade.

According to Bloomberg calculations of the latest data from the Organization of Petroleum Exporting Countries, the amount of oil OPEC is pumping in the third quarter is about 1.8 million barrels per day less than what is needed to meet demand.

By the fourth quarter, that deficit is projected to widen, forcing countries to tap oil stockpiles to cover the shortfall. If OPEC production stays flat, as members have indicated, inventories will shrink by 3.3 million barrels per day, the most since at least 2007, according to Bloomberg.

Wise men say ......
Only fools rush in
But they can't help
Falling for Affin
Should we buy?
Should we wait?
Like a river flows
Surely to the sea
Will Affin rise?
To RM2.50 again?

Let's all start singing :

When will Affin hit RM2.50 again?
When will we have happy moments?
Rising again ......
Or is this the end?
When will we see RM2.50 again?
When will we have happy moments?
Will it rise again?
Or is this the end?

The last peak at around RM2.50 was on 29-11-2022.

Posted by TheContrarian > 2022-11-29 12:45 | Report Abuse

Sold my remaining Affin at 2.50, thank you for the gains.

@satha44, thank you, one operator is controlling Pensonic. Wonder how high it will go?

Today still quiet here.

Exited at 67.5 sen, goodbye Pensonic and thank you for the gains.

Go, go, go Pensonic.

Bought more at 36-36.5 sen today.

Forum here gone quiet again.

EPF selling Affin again, damn, hard for price to go up if EPF keeps selling.

Only bad news, don't buy.

Thank you @ satha44 , I will hold until price above 65 sen before selling.

I took some profits on Pensonic, took some profits on Insas, took some profits on Affin ...... and today bought more Mycron, this time at 37 sen.

So quiet here.

Pensonic go break through 65 sen again.

Suddenly price drop is good, hahaha.

Why is Affin dropping? Someone said privatisation.

Already took some profits at 2.13 on Tuesday.

Today everyone disappeared?

Sold off all my Pensonic warrants at 5.5 sen today. Now still holding some Pensonic shares.

Where everyone gone?

So quiet here.

@newbie_2016, correct, that's why earnings low but they will find a way to distinguish their oil from Russia oil. Western Europe is desperate for oil.

USD90 to USD100 could happen soon.

If Brent hits USD100.

Sometimes have to wait long.

Slowly climb.

@redhotpepper, Affin was so undervalued it was just a matter of time before it surged. Probably some foreign funds decided to buy. Price will stay up only if LTAT or Boustead or EPF don't sell down as they always do.

Bank cannot be privatized.

Go, go, go Affin.

Go, go, go Affin.

Wah, open gap up.

Insas finally closed at 90 sen, soon Leno will return. Insas cantek.

Sold another portion at 61 sen.

Finally 60 sen, go, go, go Pensonic.