Datuk has got a point. I guess it's a race with time for shale producers now as many of them pump oil on borrowed monies. Newer technologies have to come out before price indeed falls to 40 USD or many will go bust. To my knowledge the production in sites with the lowest cost is 42 USD at the moment, and many will have been priced out long before price reaches the doom level.
from the geo-politic perspective, it's in the interest to usa for making the crude oil collapse due to the need to block Russian influence (another big non opec exporter)........kikikiki
OPEC can't stop oil production growth, will market price action do it, especially in the short term when all hedge funds were aiming short in crude oil? will new exploration or drilling be retarded if not at all by market action?
Datuk, you said 25-30% drop for KLSE, I wonder what will that leave for BJ Corp? I have no misailah, wish I were him rather than sounded like him in name,kikiki!
previously sing con want compare performance of bjcorpse 50 cent and ifcamsc 50 cent.in boxing match sing con is KO by default ifcamsc +51% bjcorpse -13%.let sing holland song.kikikikiki!
Pe negative, roe negative, eps , profit and etc you name it, and guess whats the price and trend. Only those silly and naive newbies believe story of promoter here. Can you guess what price they bought? Now waiting to exit as soon as any one buy from them. Buying a downtrend stock with sudden spike, I call it bull trap. Get it!
yeh, it's pity for those that buy at 0.6 and now drop to a whopping 27.5%. Perhaps another 10% ?with sentiment like this. The main problem now is there is no support you can find in this stock. Bottomless. I guess 0.4 will be next bottom. Breaking that, huh, can't imagine.
in addition to market sentiment, there are so many earlier announcement issues yet to be addressed, including plantation land disposal, Vietnam number forecasting business details, Singapore waste management listing, BJLand China asset disposal details. These do not even include the rumor casino in Malaysia and planned casino license application in South Korea and Japan. Worse yet, earlier heavy share buy back has not been continued, sigh!
Don't write off BJCORP so fast, share price may go up and down sometimes does not reflect the true picture. BJCORP does have a massive amount undervalued assets. Lets just look at one of their assets, for example... BERJAYA hills ( do you know the size of that hill ), just that one asset alone already worth more than RM3 billion. They have so many other hard assets, not just in Malaysia but all over the world. This selldown is caused by "hot money" leaving KLSE, gives us opportunity to buy cheap. Once "hot money" are done with their selling, BJCORP will be moving up again to its true value.
Got land doesn't mean the share price will rise. Amongs the property development counter, do you know Tropicana is one of the largest land holder. Look at their price! Land without development is waste unless your company bankcrupt, sell them or develop them.
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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....
hng33
20,014 posts
Posted by hng33 > 2014-12-04 11:41 | Report Abuse
datuk
OPEC won't stop US oil production growth
http://www.cnbc.com/id/102234051