@T800Terminator I’m coming to Dayang tomorrow after sold all my holding from Masteel. 23/04/2020 5:24 PM
Surprise you sell all your Masteel...I thought T800 is make from Steel :)
I'm still holding 1,000 shares of Masteel. My last trades was at 40 sen. Now Masteel has been upgrade to Category 3 along with her 3 other sister steel company. Will revisit steel again when it's trending,
Welcome to Dayang. I will also join you to collect my next batch of Dayang if it drops
NST 24 Apr 2020 >>> KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) is said to have reduced the number of its fully active rigs from 18 to four since oil price began dropping late last year.
The national oil company had shut down or warm-stacked 14 projects until oil price recovers to break even levels, an industry publication reported, quoting sources.
Principal Asset Management Bhd, which served 700,000 investors with RM58.2 billion of assets under management as of last year, said there were increasing risks of some Petronas projects being delayed due to prolonged lockdowns and further disruptions in the global supply chain.
The impact of the project delays would likely be cascaded down and adversely affected upstream service providers, Principal chief investment officer Patrick Chang said in a statement today.
Next week is quite eventful ... Thursday is Brent oil June2020 contract expiry date, no sure whether any oil price collapse or not ... Friday suppose to be able to do short selling for IDSS, no sure whether Bursa would announce extension or not ... Could be a roller coaster week ...
@T800Terminator @Mabel, we are same boat. I also accumulate Gkent. 24/04/2020 8:33 PM
Great T800. It's good that Gkent keeps buyback their share almost everyday. Unfortunately, Gkent is still not in my collection yet as I already have 7 Construction Companies. Construction is under my VMY Boutique together with Steel Companies and other related companies that is contributing and supporting my VMY 2020 Business Plan.
Yes we are in same boat in many counters. One of the good one is Alam. I think lots of people makes a lot of money in that Battleship when it exploded. I bet yourself, Panda and many more were smiling all the way to the bank.
I'm expecting the same here with Dayang. Now still on collection mode waiting for the next right price for another collection.
paktua buka walkie-talkie calling all general rebellions out there..
calling calling general nomanland.. bravo 7 general nomanland.. echo 2 calling calling.. bravo 7 general nomanland..
paktua know general till in this area.. please landing here.. sent us tactical maps for dayang shortly..
calling calling general nomanland.. bravo 7 general nomanland.. echo 2 calling calling.. bravo 7 general nomanland..
lai lai dragon come sini laa.. kita tukar reban sapura sulah jiadi nenek tua.. kita lama.duduk reban.. jom kita duduk kondo pula..
ah kaq jom lepak janda muda dayang.. sifu tech joined sini kondo.. haji(kakisaham) mai sini laa.. moneypedia hang pi mana? alex lu liam sikalang mana? ozzie75 come laa we lepak sini..
kita cari amik kondo janda kyy laa.. sini kondo janda kyy still cun cun.. janda dayang fuhhhhh..meleleh.. lia pinya pukulan..ramai terkulai.. even kyy surrender woo
hahaha sis lurker..paktua love you.. you so Sexy naughty woo.. ihik ihik..
paktua love to see.. janson1177..ah leo..kentwoon.. ProRoy..JoshuaMS7.. pyolycarp..the sweetie nurses in sumatec.. sis noraini..best TA tracker now disappear..
echo 2 to bravo 7 general nomanland.. echo 2 calling.. bravo 7 general nomanland.. echo 2 from base camps..
@Croxxx @Mabel what is the effect of expiring oil contract next week ? 25/04/2020 11:33 PM
Now that the "Bad" news from Petronas is over and they will commit and maintain this year CAPEX in Malaysia.. We should look forward for next week
As stated earlier, next week will be quite eventful.
Saudi Aramco began reducing oil production earlier this week ahead of the May 1 start date for OPEC+ output cuts, according to a Saudi industry official familiar with the matter.
Aramco has begun to curtail production from about 12 million barrels a day to achieve the agreed level of 8.5 million barrels a day, the person said, asking not to be named discussing private information. The country joins fellow OPEC members Kuwait, Algeria and Nigeria in kicking off cuts early.
Thursday is Brent oil June 2020 contract expiry date, hopefully with the Saudi and OPEC + latest move it will stabilize the oil price.
Friday The Short Traders will be back, meaning short selling by IDSS. This could be a roller coaster week. Let's see how this will develop. Nevertheless, if you still collecting it will be an excellent opportunity to further average down
So far, the oil price spike or fall doesn't affect the price drastically. I would advise to have a proper trading plan and keeping to it, rather than flip flopping between sell run and buy every day because of oil price. My take is that most downstream and middle stream battleships will rise steadily. Whenever possible reduce your holding in the upstream. Buy when there is a long candlestick. Luckily we have a good trader like paktua here in this forum. So let's follow his tips.
Once you on board, you need to be patience as it may fluctuate sideways until the volatility stabilize. Only BUY if you have a horizon 6-12 months.
I'm looking forward to collect my 6th Batches next week..
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....
ChaseBros
577 posts
Posted by ChaseBros > 2020-04-24 17:50 | Report Abuse
Petronas shuts down 14 projects until oil price recovers
https://www.nst.com.my/business/2020/04/587082/petronas-shuts-down-14-projects-until-oil-price-recovers