No result.
1
5
save malaysia!
6
Good Articles to Share
Khamenei says US, Israel will 'receive a tooth-breaking response'
7
Good Articles to Share
LIVE: Donald Trump delivers remarks in the crucial swing state of Pennsylvania
8
#
Stock
Score
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
56,445 posts
Posted by calvintaneng > 2020-03-27 21:51 | Report Abuse
1. Coronavirus caused airlines to stop
People movement by cars dropped
Leading to crash in demand for oil
Us sanction Russia for dealing with Venezuela caused Russia to pump more and drop oil prices to USD in order to kill off US shale
Saudi in response pumped even more oil and dropped crude to the low of USD25
Double whammy of fallen demand and increasing glut will cause bankruptcies again in the oil world
Ezra, Swibor, sumatech, Perisai, barakah already gonner
More will join the carnage now
This is the clarion call to sell all Ogse stocks except T7 global and Scomies
T7 global being in subsea jobs for carigali and vestigo will be safe
Bombed out Scomies has Assets more than debt should come out ok
Scomies will be the only company to benefit from such low oil prices because of its Rm600 Millons oil mud supply to Kuwait oil corp
In Saudi and Kuwait cost of oil extraction only USD8. 00
So Kuwait oil Corp will survive and Scomies should benefit