Posted by TECHfullyBREWED > 2020-04-04 16:43 | Report Abuse

As rigs age their output generally drops due to declining equipment efficiencies ,maintenance is required to increase rig output.

Example
https://www.google.com/amp/s/www.oedigital.com/amp/news/475790-malaysia-s-kimanis-crude-exports-to-halve-in-april

Posted by Baby Shark > 2020-04-04 16:49 | Report Abuse

I don't understand people happy for sikit untung, lompat here lompat there.. when kalah time few ringgit..

Posted by Baby Shark > 2020-04-04 16:51 | Report Abuse

Missed the boat you wait another 10 years.. trust me

Posted by digi_three > 2020-04-04 16:55 | Report Abuse

OK look at the timeline here .. Monday (GMT) is the OPEC emergency meeting! Monday night (KL time), DOJ will jump post OPEC meeting. Tuesday (KL time) will be too late to buy! So you only have Monday to join into the game! Best of luck to everybody!

Posted by TECHfullyBREWED > 2020-04-04 17:02 | Report Abuse

I loaded up cx and cy average price 2.5c and 2c, 6 months expiry, ex value 1.59 and 1.79, ratio 2.8:1.

First load cx at 5c, small load. 2nd load much bigger

First time buying short term warrants. Couldnt resist the prices. Risk reward ratio was to attractive.

Hope this punt pays well. I hv high targets

Posted by CUTLOST > 2020-04-04 17:10 | Report Abuse

1.80 next monday.. Bullish engulfing

Posted by digi_three > 2020-04-04 19:00 | Report Abuse

Hmmm meeting delayed so more time to get into Dayang! Outcome of the meeting will definitely be agreement to cut oil production! and oil price will go up up right? So time to buy!? Good luck everyone!

Posted by aireez > 2020-04-04 19:46 | Report Abuse

Tiring to push up .... at last short term investor making profit lorrr !
last friday is it happen so bad rite ....
Better i look look ang cc first
many2 small jaws make money last friday liauu ....

Posted by warrantKing > 2020-04-04 20:07 | Report Abuse

How u know the outcome of meeting must be agreement to cut oil production ?
There is chances for russian and Saudi dun want to cut the oil production in order to crash US shale oil further.

Posted by TrippleZ > 2020-04-04 20:17 | Report Abuse

With the world oil demand cut down by a third, major oil producers have no other option but cut production.

Posted by aireez > 2020-04-04 20:18 | Report Abuse

I think alots of Dayang supporter Trauma Last Fridy Tragedy include myself lorrr ...
Oil price improve alots but Dayang close in red ...????????

Posted by mf > 2020-04-04 20:20 |

Post removed.Why?

Posted by WilliamTWL > 2020-04-04 20:24 | Report Abuse

Buy before too late.

Posted by Investor48 > 2020-04-04 21:03 | Report Abuse

The thrill of seeing price shooting up on Monday..
Will hold at least till OPEC meeting..

Hehe...

Posted by KAQ4468 > 2020-04-04 21:36 | Report Abuse

kikikikikii

Posted by Mabel > 2020-04-04 22:04 | Report Abuse

Of course I can read between the line..

That's why I'm still holding..

You sound like dragon.. Digi_three..

Meow

Posted by Mabel > 2020-04-04 22:05 | Report Abuse

Dayang close red because many starts selling and thinking can buy back at 60 sen..

Posted by warrantKing > 2020-04-04 22:07 | Report Abuse

once the production is cut , and oil price raise above 40USD , US shale oil will load into market again.

That is why Russian and OPEC is pissed off. Cutting own production to subsidy US shale oil player.

Dun be too optimist on the coming meeting ....

Posted by digi_three > 2020-04-04 22:11 | Report Abuse

I am not a dragon. I am just a small school boy with some missing teeth .. and I play mud after I finish school .. sorry if I sounded like dragon .. didn’t mean to. Trade with prudent everybody and good luck!

Posted by Lucky81 > 2020-04-04 22:17 | Report Abuse

Will margin call be triggered again ? (Sigh) need to cut lost early to protect capital.

Posted by Ravi Kumar > 2020-04-04 22:19 | Report Abuse

It would be good to watch and see first rather than jump in right away on Monday. Still uncertainties. Prices jumped up to USD36 before settling at USD29 ish. Friday's jump might be because covering some trades.


https://www.bloomberg.com/news/articles/2020-04-04/saudi-arabia-says-putin-s-comments-on-opec-deal-is-incorrect?srnd=premium-asia

OPEC+ delayed a meeting aimed at ending the oil price war, as Riyadh and Moscow trade barbs about who’s to blame for the collapse in oil prices.

The alliance is tentatively aiming to hold the virtual gathering on April 9 instead of Monday as it previously intended, a delegate familiar with the matter said. Producers need more time for negotiations, said another. Beyond the alliance, Saudi Arabia and Russia have indicated they want other oil countries to join in any output cuts, complicating efforts to call a meeting, the delegate said, asking not to be named discussing diplomatic matters.

The delay came hours after Saudi Arabia made a pointed diplomatic attack on Russian President Vladimir Putin, opening a fresh rift between the world’s two largest oil exporters and jeopardizing a deal to cut production.

In a statement early on Saturday, the Saudi Foreign Minister Prince Faisal bin Farhan said comments by Putin laying blame on Riyadh for the end of the OPEC+ pact between the two countries in March were “fully devoid of truth.”

Posted by Ravi Kumar > 2020-04-04 22:20 | Report Abuse

It would be good to watch and see first rather than jump in right away on Monday. Still uncertainties. Prices jumped up to USD36 before settling at USD29 ish. Friday's jump might be because covering some trades.


https://www.bloomberg.com/news/articles/2020-04-04/saudi-arabia-says-putin-s-comments-on-opec-deal-is-incorrect?srnd=premium-asia

OPEC+ delayed a meeting aimed at ending the oil price war, as Riyadh and Moscow trade barbs about who’s to blame for the collapse in oil prices.

The alliance is tentatively aiming to hold the virtual gathering on April 9 instead of Monday as it previously intended, a delegate familiar with the matter said. Producers need more time for negotiations, said another. Beyond the alliance, Saudi Arabia and Russia have indicated they want other oil countries to join in any output cuts, complicating efforts to call a meeting, the delegate said, asking not to be named discussing diplomatic matters.

The delay came hours after Saudi Arabia made a pointed diplomatic attack on Russian President Vladimir Putin, opening a fresh rift between the world’s two largest oil exporters and jeopardizing a deal to cut production.

In a statement early on Saturday, the Saudi Foreign Minister Prince Faisal bin Farhan said comments by Putin laying blame on Riyadh for the end of the OPEC+ pact between the two countries in March were “fully devoid of truth.”

Posted by birkincollector > 2020-04-04 22:34 | Report Abuse

Meeting delayed. Prepare to throw or buy cheap

Posted by up88up > 2020-04-04 22:35 | Report Abuse

Should load the bullet and wait for the good news

Posted by Kancil4848 > 2020-04-04 22:39 | Report Abuse

Ok ok
Drop buy some more

Posted by uncle ykk > 2020-04-04 22:54 | Report Abuse

Monday limit down. Waiting at 60 sen

Posted by mf > 2020-04-04 23:04 | Report Abuse

deal reject

Posted by uncle ykk > 2020-04-04 23:09 | Report Abuse

No deal. Oil price slump. Dayang limit down

Posted by uncle ykk > 2020-04-04 23:11 | Report Abuse

Kena margin call price melt down

Posted by probability > 2020-04-04 23:27 | Report Abuse

Good news!

An at-home fingerprick blood test may help detect your exposure to coronavirus

If approved, the blood test could show if your immune system has developed coronavirus antibodies. But a positive result isn't a license to return to work.

https://www.nbcnews.com/health/health-news/home-fingerprick-blood-test-may-help-detect-your-exposure-coronavirus-n1176086

Posted by ctquay600305 > 2020-04-04 23:33 | Report Abuse

comfirmed gap down.Better sell monday

Posted by tkl88 > 2020-04-05 00:18 | Report Abuse

The alliance (OPEC+) is tentatively aiming to hold the virtual gathering on April 9 instead of Monday as it previously intended, a delegate familiar with the matter said.

Posted by tkl88 > 2020-04-05 00:18 | Report Abuse

Meeting suppose on April 6 (Monday), delayed to April 9 (Thursday).
So, got 3 more days for us to Sailang on O & G stocks before it’s share price spike up to sky high !
Huat ah ! Heng ah ! Ong ah !

Posted by fightingdragons > 2020-04-05 04:37 | Report Abuse

Was quite obvious that Trump's tweet was a bluff. Just wants to shore up stock market to neutralize news of USA shale bankruptcy. Good luck on Monday.

Posted by fightingdragons > 2020-04-05 05:09 | Report Abuse

Make no mistake the ultimate goal is to kill off USA shale. If USA is net oil exporter it will be less interested to do Saudi's dirty job in the Middle East. It is about geopolitical power. Not kumbayah let's drill oil together and be happy. All these are just giving face to Trump and being diplomatic/smiling while sticking the knife deeper into shale. Oil will remain down until shale is dead

Posted by tkl88 > 2020-04-05 06:49 | Report Abuse

普京证实俄愿减产 April 5, 2020
https://www.google.com/amp/s/www.enanyang.my/news/20200405/%25E3%2580%2590%25E5%2585%25A8%25E7%2590%2583%25E5%25A4%25A7%25E6%258A%2597%25E7%2596%25AB%25E3%2580%2591%25E6%2599%25AE%25E4%25BA%25AC%25E8%25AF%2581%25E5%25AE%259E%25E4%25BF%2584%25E6%2584%25BF%25E5%2587%258F%25E4%25BA%25A7/amp/

Posted by tkl88 > 2020-04-05 06:49 | Report Abuse

（莫斯科4日讯）俄罗斯总统普京表示，俄罗斯准备好与沙地阿拉伯和其他主要产油国一道大幅削减石油产量，以阻止油价下跌。这一表态呼应了美国总统特朗普之前的说法。

“我们做好准备在OPEC+框架内与合作伙伴达成协议，并准备与美国在这个问题是进行合作，”普京周五在与政府高级官员和石油行业高管的视频会议上说。
 “我认为有必要共同努力，以平衡市场并减少产量。”
普京说，俄罗斯认为全球石油产量每天减少约1000万桶是可能的，并准备“在伙伴关系”的基础上参与。
普京的表态是俄罗斯首次证实特朗普周四通过推文发布的消息。推文称俄罗斯愿意参与减产，该消息推动布伦特原油价格一度暴涨47%。

Posted by uncle ykk > 2020-04-05 07:15 | Report Abuse

Tmr limit down. Run run run.

Posted by gsi723 > 2020-04-05 08:44 | Report Abuse

one thing for sure is nobody will push up... wait n see remain

Posted by up88up > 2020-04-05 08:58 | Report Abuse

Great... can collect more

Posted by Jeffreyteck > 2020-04-05 09:20 | Report Abuse

Est market will only be stabilised its dropping trend after Trump gone by end 2020 and mass vaccines production. ST trading opportunities arise as he will continue to talk and give fake hopes.

Posted by slng > 2020-04-05 09:23 | Report Abuse

https://www.reuters.com/article/us-oil-opec-usa-idUSKBN21M0V8

Trump to tax oil import. US oil for US only.... Saudi and Russian oil can find elsewhere lol

Posted by Mabel > 2020-04-05 09:58 | Report Abuse

@uncle ykk Monday limit down. Waiting at 60 sen
04/04/2020 10:54 PM

A 25 percent spike in oil prices in a single day is enough to make even the most cynical market observers believe a market rebound is upon us. The truth is, the movement you saw was nearly entirely sentiment-driven and has next to nothing to do with oil market fundamentals.

Oil prices shot up on Thursday on the back of a flurry of tweets from Trump and some positive noises coming out of Saudi Arabia about production cuts. But even a brief look at oil market fundamentals should be enough for market observers to understand that the current rally will be brief.

Those that have taken profits on Friday, well done. I have taken profits in quite a number of my collection of Battleships to lower my holding cost except for Dayang and Hibiscus since these two are still under collection mode. Hence, I'm also waiting for 60 sens for my 3rd and subsequent collections. If it drops, we collect more. Otherwise, we wait until we can take profits at RM level and keep the remaining shares until it cross RM 3.00.

I still believe all 3 parties will eventually comes to an agreements. Right now all these wayang is part of their negotiation strategies. So trade wisely and adapt to these developments.

Sayang Dayang....

Meow..

Posted by apolloang > 2020-04-05 10:14 | Report Abuse

sorry no 60cts and no 3.00 woof woof.....hehe

Posted by apolloang > 2020-04-05 10:15 | Report Abuse

1.20-1.50 range got only for next week....hehe

Posted by Mabel > 2020-04-05 10:27 | Report Abuse

Meow Meow Meow...hahaha...

Posted by uncle ykk > 2020-04-05 10:32 | Report Abuse

Tmr limit down. Panic seller

Posted by Mabel > 2020-04-05 10:39 | Report Abuse

Meow uncle...

Posted by uncle ykk > 2020-04-05 10:40 | Report Abuse

Q at rm1

Posted by Value9 > 2020-04-05 10:45 | Report Abuse

OPEC has said. If the United States does not join the production cut plan, they will not cut production. why need to save American shale oil?