Can. Most likely. Low oil price favour AA nowadays, seen unreverse able as OPEC+ is disunity. All don't want to lose market shares anymore while want higher oil price which is no way. See they could not even reach a consensus at the first day meeting.
the drama started in 2016 when the 1st price war between opec vs shales oil (US)...now is the eps 2 of that saga...the break of opec....eps 3 is US the new leader in energy...eps 4....
AA already hedge around 40% of its oil price for Q1 and Q2 2019 before this announcement. Oil price going up but still lower than what AA used for Q3 2018. Not much to worry at least until next year end.
Brent crude stable at usd 62 wti crude however stable at usd 52, ok lah compare with Brent crude at USF 85 , worst time for AIR ASIA is gone. You guys wanna sell , sell, it’s ok, I will hold , AAC deal is completed this month, got more durian runtuh I suppose.
Who wnt sell ? Lai lai, wnt gv dividen liao faster sell out let ppl buy more. Brentoil will float between 60-65 usd. I could see very high potential of very green quarter report for the following one.
The cut is lesser than expected ...tot 1.5 million...its jus not goin to charge the bull run for long...trump will retaliate ...so expect the price not goin far north...
USGS Identifies Largest Continuous Oil and Gas Resource Potential Ever
Release Date: NOVEMBER 28, 2018
Estimates Include 46.3 Billion Barrels of Oil, 281 Trillion Cubic feet of Natural Gas, and 20 Billion Barrels of Natural Gas Liquids in Texas and New Mexico’s Wolfcamp Shale and Bone Spring Formation.
WASHINGTON - Today, the U.S. Department of the Interior announced the Wolfcamp Shale and overlying Bone Spring Formation in the Delaware Basin portion of Texas and New Mexico’s Permian Basin province contain an estimated mean of 46.3 billion barrels of oil, 281 trillion cubic feet of natural gas, and 20 billion barrels of natural gas liquids, according to an assessment by the U.S. Geological Survey (USGS). This estimate is for continuous (unconventional) oil, and consists of undiscovered, technically recoverable resources.
"Christmas came a few weeks early this year," said U.S. Secretary of the Interior Ryan Zinke. "American strength flows from American energy, and as it turns out, we have a lot of American energy. Before this assessment came down, I was bullish on oil and gas production in the United States. Now
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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....
Shinnzaii
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