It's very obvious RSS in action for MISC. However, why bother with MISC? Such a low volume counter. I think IBs in panic mode, try to close as much short position as possible. That Gamestop drama is sending ripples thru the IBs sphere.
“In 2021, LNG regasification projects would gain momentum in the near future, thus creating more demand for LNG.
“Countries like Pakistan, Vietnam and the Philippines are going for regasification in the short to long term. Moreover, the petrochemicals, infrastructure and transportation sectors are becoming major sources of demand, augmenting LNG use in the power sector.
“LNG demand will grow by 3%-4% in 2021 despite global economic fragilities and the pandemic scare, ” he told StarBiz.
In addition, Shan said as more countries are heading towards cleaner energy as part of their environmental efforts, that would drive the demand of LNG moving forward.
“LNG is the future in the global energy mix. According to the latest report from ExxonMobil/BP, oil, natural gas and coal would remain as the global energy mix by 2040, contributing 50%-60% to the energy equation calculus, ” he said.
Meanwhile, ICE Petroleum Group managing director Abdul Jalil Maraicar expects the spot price of Asia LNG to remain high in the near term, driven by the sudden surge in demand as many countries are coping with an unusually cold winter.
According to McKinsey & Co’s “The Future of Liquefied Natural Gas”, Asia is still highly dependent on coal as its primary energy source, accounting for about 47% of its energy mix. Gas makes up about 12% of the region’s energy consumption, a stark difference compared to 20% of consumption in other regions.
“Increasing Asia’s share of gas energy consumption to 20% would add the equivalent of more than 400 million tonnes of LNG to annual gas demand, near doubling the size of the LNG market, ” it said.
“The long-term outlook for LNG is brighter than that of other fossil fuels because of its comparatively lower cost and lower emissions from production and combustion. But to find a true competitive advantage amid a volatile market, the LNG industry must move beyond what were once winning strategies (control of gas resources, reliability of supply).
“Instead, LNG players should focus their efforts on five areas: capital efficiency, supply-chain optimisation, downstream market development, decarbonisation, and digital and advanced analytics.”
Natural gas and oil are resources which are central to our modern lives. We rely on them for fuel, electricity and all kinds of products.
Today, these commodities are transported by sea over large distances to their eventual end users. MISC is proud to play its role in providing maritime transportation solutions to meet the energy needs of the world
The drop in MISC price has nothing to do with shorties. RSS volume zero. It's being pressed by (don't-know-who-da-fuk) for whatever reasons. Looking at the trade profile today, so obvious it's an algorithm.
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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....
Posted by DonWorryBeHappy > 2021-01-20 22:15 | Report Abuse
Looks like buying opportunity