zhangzuode

zhangzuode | Joined since 2020-01-30

Investing Experience Intermediate
Risk Profile Moderate

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News & Blogs

1 day ago | Report Abuse

An alternative view about climate change (famine) timeline 39:13
https://www.youtube.com/watch?v=sY8aFSY2zv4

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1 week ago | Report Abuse

Please elaborate dodgy financials, Bruce_Wayne, thank you.

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2 weeks ago | Report Abuse

Sslee, on what basis do you think that oil price will move to 70-80 range?

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3 weeks ago | Report Abuse

DBS has just released their "glidepath" to support Asia journey to a low carbon economy.
https://www.dbs.com.sg/documents/1038650/382494047/Our+path+to+net+zero+oil+and+gas.pdf/2e41158a-1a91-8199-c767-d97209360cab?t=1663025549840
IEA - International Evergy Agency provides the guideline on the timeline reduction and the banks, in this case DBS, will provide finance accordingly. Basically, no finance unless the O&G companies move away from oil and gas projects.
Well, the net result should be supply reduction as projects become fewer and fewer due to lack of finance.

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3 weeks ago | Report Abuse

twynstar - Thank you for the clarification on operational matters.

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3 weeks ago | Report Abuse

OFC have to agree with what CJ said on subject matter not related to Hibiscus dispute on Sabah SST.

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3 weeks ago | Report Abuse

Here are the law governing the transfer of Labuan to Federal Government:
https://sagc.sabah.gov.my/sites/default/files/law/FederalTerritoryOfLabuanEnactment1984.pdf
It is very clear as per Article 3, all State's power and jurisdiction shall come to an end. Further, the territory water of Sabah should be 12 nautical miles as Sabah and Sarawak reject the Territory Sea Act 2021. North Sabah and Kinabalu fields are beyond the 12 nautical miles territory water, so the enforcement of SST by Sabah Government on Hibiscus can be considered a low probability.

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1 month ago | Report Abuse

Greeting twynstar, thank you.

News & Blogs

1 month ago | Report Abuse

Why Saudi / Venezuela / Shale oil not investing in new oil production capacities
https://www.zerohedge.com/energy/tverberg-why-no-politician-willing-tell-us-real-energy-story

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1 month ago | Report Abuse

German Green - climate change RULE - current conflict in ukraine is god send to the green so that they can push the green agenda in earnest.
https://www.zerohedge.com/political/green-party-official-tells-germans-use-washcloths-instead-taking-showers

News & Blogs

1 month ago | Report Abuse

Of course, the emotion and right brain has been in pieces...

News & Blogs

1 month ago | Report Abuse

I have basically given up on rationalizing the drops.

Nonetheless, unless one is a "day" trader, fundamentally, the oil sector, much like the metal sectors as well, are facing supply constraint. And this will eventually lead to higher prices for the commodities.

News & Blogs

2 months ago | Report Abuse

The estimates provided do not include any one-off items like impairment, negative or positive goodwill or such income / expenses.

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2 months ago | Report Abuse

Latest on oil price cap on Russian oil.
https://www.hellenicshippingnews.com/g7-aim-to-have-price-cap-on-russian-oil-in-place-before-dec-5/
Best on experience of recent chicken price cap, what would the Russian do?

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2 months ago | Report Abuse

Current "soft" oil price (how can it be call low when it is >100 or for that matter >80) run be coming to an end:

https://oilprice.com/Energy/Crude-Oil/Traders-Are-Betting-On-The-End-Of-The-Oil-Price-Slump.html

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2 months ago | Report Abuse

While a drop in oil price is certainly good news all round, expectation that it will return to mid tens would be misplaced. OFC, another lock-down like 1Q2020 might happen, it is a rather low probability event (except in China).
Do note that CPO has fallen back to near normal as well as most other commodities (including grains). Thus, going forward, pressure on food prices should be down rather than up. This would mean oil demand will return to an uptrend. Already at usd >80 is profitable, now at >100 (for next couple of years) is super profitable.
Current sentiment of demand destruction / recession (already in the west) could turn pretty fast to supply not meeting demand.
Supply not meeting demand has not gone away all this time and will remain so for next 3 years at least. In addition, this will be the first time that spare capacity will all be used up as illustrated by Saudi only able to increase CAPACITY (NOT production) to 13mbpd by 2027.

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2 months ago | Report Abuse

Yesterday price rout is worst-case scenario. Please do not forget that it is not only Hibiscus, Petronas (via Carigali as co-owner of NSabah) is also affected.

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2 months ago | Report Abuse

mokluhanj21 - what would be crazy dividends. A 10sen would be RM 200+M pay out from the company.

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2 months ago | Report Abuse

Nine months revenue = RM 1.08B; Free Cash Flow = RM616M-79M(Capex)-21M(Intangible) = RM516M
Estimated 12 months revenue = RM 1.83B; FCF = RM 850M
With such large FCF, what to do with cash? Buy back shares? 10sen dividend? Keep to develop Sunflower/Marigold?

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2 months ago | Report Abuse

Bob, there is currently no gas flow thru NS1 due to schedule maintenance until July 22.
https://www.zerohedge.com/markets/world-braces-europes-july-22-doomsday

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2022-07-02 09:24 | Report Abuse

Fellow investors - it is not only Malaysia O&G, it is all over the world. If it is only Malaysia, then worry.

And it is going into summer time in the Northern hemisphere, Middle East themselves will be using more oil to keep cool in the heat-waves.

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2022-06-28 14:08 | Report Abuse

Now it is the MD buying, excellent news.

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2022-06-28 10:29 | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/Germany-Italy-Voice-Support-For-More-Fossil-Fuel-Investments-Abroad.html

There is this to & fro among the collective west on investment on fossil fuel. These investments if ever they materialize, will not bring any oil / gas to market for at least 3 to 7 years down the road.

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2022-06-28 10:29 | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/Germany-Italy-Voice-Support-For-More-Fossil-Fuel-Investments-Abroad.html

There is this to & fro among the collective west on investment on fossil fuel. These investments if ever they materialize, will not bring any oil / gas to market for at least 3 to 7 years down the road.

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2022-06-26 16:08 | Report Abuse

Furthermore, highly likely that a 1.5 sen dividend will be declare this coming August when 4QFY22 is announced given the good cash flow. This will gives a 1.6% yield (assume average price for latest purchase is RM 0.95/share). Not bad for less than three-month holding with capital appreciation too.

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2022-06-26 15:52 | Report Abuse

PSAi3alert - thank you for the elaboration. Still, what is the point that you wanted to make? Perhaps this is what you meant: that the additional purchases by Datuk Michael is a drop in the ocean and matters little?
OR,
as per rattynz explanation, that he is showing faith in the company, even averaging up?

Generally, it is a positive sign when a major shareholder buys into a bear market, and, for me, it is a positive sign.

But, I take note of the huge amount of shares traded over those days you stated.

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2022-06-26 13:34 | Report Abuse

twynstar - thank you.

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2022-06-26 13:29 | Report Abuse

PSAi3alert - you point is ....

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2022-06-12 11:36 | Report Abuse

ESG on fossil fuel - the suffocation of fund to fossil fuel starting at 6:07
https://www.youtube.com/watch?v=ewa-m2NOgns&t=483s