Love this stock, but never marry it!

fortunebullz, it's too early to triumph. I have always advise to trade this stock. Buy at support, sell at resistance babies!

To all the leng loois of this forum, especially spidee, newdesk and junie here is one of my old favourites which I sang at my friends' engagement on my guitar: http://www.youtube.com/watch?v=GnSYUivaNIE

For the men, the lady vocals are more suitable: http://www.youtube.com/watch?v=lJMZuYMsI1c

Trade the stock babies.

The last extended consol was 15 days (including week-ends)!

Wow!

Chairman and advisor still here. When KSL gets moving they will be back.

cch, that's a change from normal singing. Thanks.

newdesk, I love you. Hope KSL rise soon! Then the blues will go away for good!

Thank you brother SS661M. May God bless you!

SS661M, sorry for hurting you. I sincerely apologise. Lets move on with KSL. BTW, I am not going to the EGM. Waste of time for me.

AhMoi, as far as oil prices is concerned, I will remember SKP's huge debts. The falling oil prices will cause demand for services provided by SKP to fall or deferred/delayed. It can sustain it's local play, but its aspiration to be a global O&G player is not good. I will also bear in mind that at least one of its component companies before merger was a penny stock. This is now a stock for traders using charts. Not good for growth or value-investing. Given its present high beta, I would certainly trade the stock, but I need to be an expert chartist!

AhMoi, OK. fortunebullz, please don't delete for the education of your followers' sake!

And fortunebullz, you sure only the Arabs can supply oil at dirt-cheap? Another sweeping statement!

Yeah, make wise decision. One other factor, NTA by itself is not a reliable indication of financial health. The key indicator of financial health is positive cash-flow. Can SKP sustain its cash-flow through the O&G market turmoil? If it cannot service its loans, it will have to borrow more (at higher interest) or raise money through a rights issue. Otherwise if its creditors foreclose, the sale of its assets will be at a significant discount!

fortunebullz. You are the one holding yourself out to be a genius with your sweeping statements read like an Einstein formula only more long-winded. Those informed are not deceived, but the newbies are likely to be deceived! If you are not sure of your info, hold your upper lip tight! Otherwise you will be spewing bulls**t! What I have written is all out in the media. Please read the article in the current issue of the Edge, page 26 or thereabouts! Or google 'shale oil'!

The OPEC countries are now in a dilemma not to mention the non-OPEC ones. If they continue to pump oil at current levels and the price falls, they will not be able to balance their national budgets (that also applies to Malaysia). If they increase output to compensate for the low prices, the prices will fall further. If they reduce output, prices may not rise enough or even fall further because of the increasing shale oil production and increasing production from Iran, Libya, even Iraq, central Asia and Russia. Russia may also start pumping a lot of O&G and sell at bargain prices in the spot market to compensate for the low prices! Because OPEC rely on oil to finance their national budgets, they cannot fight a war of attrition with the US shale-oil producers. But Russia has nothing to lose and something to gain if they floor the US shale-oil producers. The fight now is the fight for market share, especially with the world economy slowing; it's a buyers' market for O&G! The point is: the O&G markets is now in flux and yet to find equilibrium.

Plus the very high gearing/debts?! Those who buy Fortunebullz's sweeping statements should jump in!

fortunebullz, there is no point. I have shared my updates on the O&G situation for those who want to hear. They can reference next time you and/or Ryanboleh want to make sweeping remarks. I have contributed my 2 sense worth.

fortunebullz, one cannot look at the Malaysian sky from inside a Malaysian well and jump to conclusions about the world! You should know that, given your age! For stock like SKP, if you are not up to date, better keep a tight upper lip, learn and update. Otherwise one can be like the blind leading the blind!

There are much more than enough, even for China and India from NON-shale alone! E.g. recovery technology will double the existing reserves (our own Tapis field is undergoing a RM10 billion enhanced recovery exercise to max recovery from 20% to 35%). Caspian Sea oil is not yet fully on stream. So are the Russian Siberian and Artic oil-fields. Gas is being discovered all over the world (e.g. in the Mediterranean). When it comes to shale, it's almost unlimited. E.g. China's shale gas reserves are the largest in the world. I have not yet mention Australia's! The most cogent reasons the powers-that-be may want to limit production of crude oil(but not gas) and therefore keep the supply low and price high are to control pollution and emission of green-house gases.

fortunebullz, 6 months ago, the fracking technology was rapidly increasing US crude output from shale. Projections were already available that US output is going to exceed Saudi's output. It's a no brainer that crude prices are going to plunge and with it the closure of marginal fields and fields where cost of production exceeds USD70 per barrel. The Ukraine crisis only make the plunge more volatile. Crude prices likely to bounce back a bit once the Russians fold or compromise but not all the way. Shale oil and gas reserves are many many times more than traditional reserves in sedimentary rock or non-shale reservoirs! E.g. Venezuela's shale oil reserves alone are more than the reserves of Saudi Arabia. Even the non-shale reserves have increased with better recovery technology (from 15% to 35% i.e. more than double) and discovery of ultra-deep sea reservoirs for example off the coast of Brazil, reservoirs for which SKP do not have the technology to drill! SKP also has no fracking technology. So please brush up on your info with Ryanboleh! Shale oil production cost is about USD50-60 per barrel. So if crude goes down to USD65/barrel, US shale production can still survive, but Russia's non-shale likely to fold. The point is this: with all the uncertainties and oil flooding the markets, it's anybody's guess when crude will rebound to USD100/barrel again!

The yuan will strengthen but only gradually in line with China's exchange rate policy.

fortunebullz, your info on oil supplies is at least 5 years out of date! Where is your friend Ryanboleh? I am sure he has better memory than you! You are also out of date on the amount of oil and gas reserves available!

Right!

fortunebullz, where is your friend Ryanboleh now?!!

fortunebullz, you went along with Ryanboleh's bulls**t 6 months ago. Where is your friend Ryanboleh now?!

..and money to burn..!

I wonder how many will go 'with you'? SKP seems to be for those with deep pockets!

'Long-term we are all dead' - Keynes.

Some syndicate deliberately keeping price from rising..! We will just has to wait for the funds to take notice!

watchme, good idea but hold on to KSL like a dutch pillow!

Brisk collection at 4.59/60 going on!

6 months ago when price was at about 4.50, I tried to warn the newbies that fracking is flooding the markets with oil and SKP is off-side the global trends and without the latest tech. But I was countered by one called Ryanboleh! Most of the oil majors bar Exxon-Mobile have already withdrawn from up-stream O&G in Malaysia. If the funds are selling, it can only mean that they are foreseeing a 'boleh' situation. The banks will of course forecast good TP because they are exposed! Those who followed Ryanboleh's group-think are now facing group-sink! I hate to see this happening!

Even EPF cannot push down if the market support. EPF can only push down up to a point if the stock is really good.

F22Raptor, please don't go. newdesk only joking with me, lah.

newdesk, HaHaHa!

If the price of crude oil keep falling, there will be production and new exploration cut-back and related services. SKP do have a semi-submersible rig for deep-sea drilling. But the O&G technology in demand is fracking and ultra-deep sea drilling. Long term contracts could/should have deference/delay clauses due to the uncertainty. The Saudis are not going to cut back their production until the Russians compromise or fold. These uncertainties seem to be weighing on SKP, besides its debts.

newdesk, same here. As ZenZenD said, I am with you all the way!

It's happening with SKPETRO.

The chances of KSL consolidating for a fourth straight day tomorrow is less than 50%!

newdesk I've cut my losses in SEAL. The price is now below my cut-loss price!

These rascals also have trolls scattered among the forums of the targeted stocks to increase the panic. That's why I am rough with the farting colons!

newdesk, they were conivving to cheat. If I say who they are I would be sued, since it's hard to prove!

They were desperate to keep the price down when it crossed 4.60 and touch 4.63. Otherwise their losses will be greater since they will have to buy back higher!

The bargain hunting should burn them and afterwards, the sudden entry of the Funds should cremate them!

I think the proprietory traders must be nuts to try their tactics on KSL. They did that on SEAL, but the evidence was that they have the help of conniving insiders!

sherene08. If you can hold, don't sell. That's what the jackals want! It should rebound! Don't worry about the DOW. It's unlikely to crash.

My hunch is that KSL is now under attack by the proprietory traders! Beware, they can short the stock by permission of their brokers!

Bargains galore! KSL has been consolidating 3 days in a row with today being the most.