DNex acquired the 30% stalk in Ping petroleum way back in 2016 when Crude oil price was at their low end { USD 30 - USD 40}. The additional 60% in Ping petroleum was acquired in July 2021 when oil was trading between USD 60 - USD 70 per barrel { before Oil was spike up to current USD 90 per barrel.} Based on DNex management minutes in 2016 the cost of production in Anasuria oilfield at the North Sea, UK was below USD 20 per barrel { production cost excluding the non related development EBITA } current crude prices has slip from the high of USD 93 per barrel to USD 89 price on profit taking as rally cools after 5 - 6 days of oil trading { Bloomberg news}
@nextan... Dnex is in play since it got volumes almost every single day. It is very unlikely for the counter to move up in a straight line manner. As such it is very much easy to make money as long as it is still in play.
What you require is cash in your account ( if possible, a substantial amount ) so that you could play big or if you need to pick up the shares if the market sentiment is against you. BUT you must be very disciplined to adhere to your cut loss strategy.
What I observed with Dnex movement so far, any pull back is short duration for one or two days or few days only and then it moves up again thereby giving you opportunities to trade and make money accordingly...
Another thing is that you need to spend time on it and I have all the time I need...
Shell oil company is a subsidiary of Royal Dutch Shell plc headquarters in Netherlands. Shell oil company has been disposing off their assets for the past 6--10 years. In Asia they sold off their Port Dickson refinery to Heng Yuan, Indonesia they sold of their concession to Pertamina, in Philippines to Petron. In TEXAS they sold off to Connoco Philips { if I am not mistaken} °because of UK Berxit exit. They are principal a EU based Company
What you require is cash in your account ( if possible, a substantial amount ) so that you could play big or if you need to pick up the shares if the market sentiment is against you. BUT you must be very disciplined to adhere to your cut loss strategy. M.......... Mm Strategist sounds like you made yr cash from chips
Blender , vacuum cleaner, micro wave , electric fan, washing machine , blender, multi cooker , hand phones and lots of other household electrical appliance used all types of chips. High end electric EV use specialized chips. Silterra with foxconn and China investor on board opportunities unlimited
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....
Jonathan Keung
4,453 posts
Posted by Jonathan Keung > 2022-02-09 14:35 | Report Abuse
Closing afternoon Dnex may hit 1.05 or higher. If operators want to move Dnex. Just keep be alert. Guys