Posted by StockStock > 2020-04-21 23:24 | Report Abuse

There is a probability that we will wake up tomorrow morning seeing Dow drop 2000+- points,and we will see all the o&g counters hit limit down.

Posted by StockStock > 2020-04-21 23:30 | Report Abuse

Actually there is a very simple way of solving the crisis,just shutdown the production.But the 1% rich just too greedy to do it.

Posted by apolloang > 2020-04-21 23:31 | Report Abuse

all mega projects on hold or delayed 5 years? hahaha

Posted by RedEagle > 2020-04-21 23:38 | Report Abuse

Lost Job

Posted by apolloang > 2020-04-21 23:40 | Report Abuse

lost job tak apa lah I never work before in my life.....hahaha

Posted by calvintaneng > 2020-04-22 00:41 | Report Abuse

Brent crude still trading above usd20 as below that price only a few countries can survive.

Cost for Saudi and Kuwait to produce that oil is below usd10 while Russia is just breaking even

Malaysia sweet tapis oil is selling at a premium so Malaysia still ok.

Petronas must now draw on its cash reserve in this time of emergency

1. Cut back or delay or stagger capex. This won't be good for oil exploration topside like Dayang, carimin, penergy or deleum. Only T7 global and destini in subsea maintenance will survive.

2. Cut back oil revenue to Govt or it might endanger it's cash surplus position

In any case the fall of oil prices will directly benefit Malaysia Glove exporting companies

In this context just sell Ogse stocks and switch into glove stocks

So easy

Posted by Latuk Seri Rick Walker > 2020-04-22 00:44 | Report Abuse

So yeah, basically, probably next week, the price of petrol at your friendly pump station will be much cheaper than you water bill!

Posted by apolloang > 2020-04-22 01:23 | Report Abuse

apa ini petrol lagi RM 1.20.....should be 80cts

Posted by Latuk Seri Rick Walker > 2020-04-23 11:19 | Report Abuse

Apollo! No worries! Soon! But no use! Can only drive short distance!