"As Oil Plumbs New Depths, Someone Sees $80 a Barrel by December" . As Brent crude oil closed on Wednesday at its lowest level since before OPEC and other nations agreed to cut output, someone bet half a million dollars on prices surging to $80 by year-end.
As long as the refinery margin stay healthy, one off stock loss is manageable. And if the margin can stay until end of June, I foresee another solid quarter results.
Dividend coming, but I cashed out. Usually not much activity at this time. Won't be going up too high too soon. Waiting for price of 7 to get back in. Those who want to hold can hold. It's the timing getting in and out. Good luck everybody. Looks like at 8.90 big boys cabut already. But don't know they are collecting. Good luck to all of us who believe in petron. Cheers
Hi mincai, we are all giving our 2c ideas on what each of us are doing and we all have different risk levels. Markets are controlled by sentiments. What's your thoughts on where petron price is going. Just your thoughts. Thanks.
Lower crude oil will benefit the refiners but it will cause inventory losses. However, the current recovery of RM is in petronm's favour. It's future is still bright.
Estimates based on my experience is that the share will trade in the region of 7+. However 7+ is still an attractive price if the quarterly EPS can be maintained around 40 sen.
Yeah 7 is good. But if they ask for more money to expand. Be prepared for more down in prices. So not that easy to fly up and up every day. We may be dreaming . Anyway let's see
Nice to see all the optimism after holidays..Wah Orbit can masuk/buy straight away after x dividend arh. Fly to 10.....Let me see my bank account first..haha..Oooh Yeahhhh
I took profit d. If after x go lower maybe I look at it. Or else all of you go Langkawi if what orbit says come true...the real show after x. Oooh Yeahhhh..
I think if petron doubled the dividend to 44 sen. Which they obviously have the capacity and ease to do so, then this stock becomes undervalued yielding more than 5%.
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Orbit
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Posted by Orbit > 2017-06-09 09:31 | Report Abuse
C the stock is moving up