Re-initiated investment in SKPETRO and PERISAI today as I have 70% confidence that oil price will consolidate at current levels in the short to medium term...that will impart a certain degree of certainty for the time being...but there is also a 30% chance that I may also be wrong in my view...
I am 70% confident that oil price will consolidate at current levels for the short to medium term. However there is also a 30% chance that it may not consolidate at current price levels....it may go higher or go lower... if it goes higher well the stock price will rally further....if it goes down...hmm.....it depends on how low it goes...
Saudi price war with US Shale oil is on track to press oil further down.
Us Shale average cost is US$42 a barrel
But The Biggest Bomb Shell will be China. At US$18 a barrel China being potentially the world largest shale oil producer will be the one to watch from next year.
If Crude falls below US30 Many Oil & Gas Counters will go bankrupt.
Perisai new tp0.38 xxx from the voices of saudi Arabia.. saudi going to test america oil at USD50 per barrel in coming days... beware of oil gas counters
Tis counter cant hold long, good strategy buy and sell on same day, dont greedy, i earned 2 round alr in this Perisai. Earn x much but good pocket money, near Rm1k per round earning.
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....
stonenut
2,776 posts
Posted by stonenut > 2014-12-02 11:10 | Report Abuse
Ruunnnnnnnnn!!!!!!! Saudi going to announce nasty comments to America!!!! Oil war! !!!