@i3 newbie newbie ran to hengyuan a while hehe ... 08/05/2020 6:05 PM
You should have gone earlier and buy before it breaches RM 3...
Today I took profits when it reaches RM 1 per shares (Selling price- Buying Price).
So happy with my adventure with Heng Yuan as I have collected enough before it exploded.
Like I said earlier, I usually leaves some tips on the table when I go out for dining. It's my Little kitty way of saying, thank you to HengYuan operator. Plan to collect more when it retrace later on and repeat the same cycle...
I'm planning to do the same with Dayang, Serba, Dialog, Yinson and all my other battleships..
Still waiting patiently for my Dayang 7th collection. Otherwise, I have a date with Baby at 4...
Dayang Enterprise Holdings may soon moves beyond the resistance level RM1.37. With RSI above 50% threshold level, coupled with rising volume, we foresee that there could be a technical breakout soon. If this happens, the next short-term target prices will be RM1.50 followed by RM1.60. In this case, the downside support is marked at RM1.26
According to research by natural resources consultancy Wood Mackenzie, the multiple breakdowns in the Sabah-Sarawak gas pipeline and a delayed final investment decision (FID) on the large Kasawari offshore gas project have resulted in short-term supply crunch to the Bintulu MLNG plant. This supply shortage is expected to continue though to at least 2025
"This is a golden opportunity for upstream players to swiftly bring gas onstream and jump ahead of the queue: either in the form of increasing existing production, or by developing smaller discoveries to tie into existing infrastructure
Malaysia has proved itself to be the hottest spot for material exploration in Southeast Asia over the last decade, says Rodger. Between 2010 and 2018, Malaysia had the largest annual new reserves added through exploration in six of those years. Of the 11.2 billion barrels of oil equivalent discovered in Southeast Asia through that period, around half was found in Malaysia, highlighting its enormous exploration potential.
"We expect Petronas to ramp up its own exploration efforts, particularly in deepwater Sarawak, to prove up easier-to-develop resources. It will also invest in new technology to develop some of the more challenging accumulations," said Rodger.
Mabel, you mentioned that you took profit with Heng Yuan, does that mean for long term portfolio like Serba, Dayang, Yinson.. etc, you will also take profit when it reaches certain price or you will continue to ride the trend?
Appreciate if you could share more on your trading/investment strategy. Thanks!
i3 newbie @shadowz please make it layman term ma... 1. Dayang will up Rm1.50 Rm1.60, or 2. Dayang will down Rm1.26 your bet. hehe... 09/05/2020 12:03 PM
Hahaha newbie, as long its a big hope for this stock to climb up further. Technical sentence might looks more promising. But its a sure up bet i guess cheers
In view of current global situation, i think most part of the world is considering partly or fully reopen of economic activities. Thus i believe oil demand is at least stabilize at current level, with high hope of climb up gradually. So Dayang is looking at 143-150 soon
More than 200 offshore fields are expected to stop producing in Southeast Asia by 2030 with total decommissioning costs estimated to range from $30 billion to as much as $100 billion.
Petronas seeks priced information for decommissioning works ...........................................................
Petronas is understood to have issued a RFI (request for information) related to potential decommissioning programmes offshore Malaysia.
In January 2018, it was reported Petronas had plans for a decommissioning programme over a five-year period between 2018 and 2023. The operator was understood to have planned a work scope that covered some 26 structures and around 200 wellheads that had been identified for decommission over the timeframe.
O&G decommissioning works in big demand ........................................
PETALING JAYA: As more oil and gas (O&G) fields in Malaysia and the region approach the end of their lifespan, the demand for decommissioning works is set to surge.
The value of decommissioning contracts in the region, over the next three years, is expected to reach up to RM6bil, according to estimates by industry players.
In its 2019-2021 activity outlook, Petronas noted the requirement for 50, 40 and 60 well abandonment for the local fields in 2019, 2020 and 2021, as well as the need for the dismantling of several platforms or facilities.
“Activities are expected to intensify as considerable assets have been operating beyond 40 years,” Petronas said in the report.
According to UOB Kay Hian, other indirect beneficiaries from well abandonment works are DAYANG ENTERPRISE HOLDINGS BHD, Petra Energy Bhd, Icon Offshore Bhd, Perdana Petroleum Bhd and DELEUM BHD
PETRONAS Activity Outlook 2020 - 2022: .....................................
All of Dayang & Perdana's investment will never go waste being the pioneer in south east asian region.. US$ 30B market purely for decomissioning is not small
really hard to predict oil price as it is too volatile , anyhow human still rely much on this energy until some energy could efficiently replace it. Hence, no matter how, the price will raise and look for longterm will bring fruitful result.
really hard to predict oil price as it is too volatile ===============
its not that volatile if u look further out contracts for Jan 2021 deliveries.....staying around US$ 30 which is still very bad for all off shore drillers..........
what happens is narrowing and widening of discounts for immediate month deliveries........
golden cycle ,5 years dayang TP RM 20. Malaysia has a lot of old well, petronas need more new well to continue and dig the rich resources. DAYANG NUMBA WAN
Sometimes you can easily spot people who "sendiri cakap sendiri song" when they don't even have the stocks listed in their portfolio but when the stock shot up, they will just chip in and said "oh thanks operator, I closed my long at xx made yy profit, so happy"
I relate this symptoms to "loose too much, don't dare to enter market but always happy to stay on sideline and chip in to self-comfort while waiting money to fall from sky or parents' donation"
It's okay to stay in such manner, but outsiders please keep your eyes wide open.
@Rainbow0721 Mabel, you mentioned that you took profit with Heng Yuan, does that mean for long term portfolio like Serba, Dayang, Yinson.. etc, you will also take profit when it reaches certain price or you will continue to ride the trend?
Appreciate if you could share more on your trading/investment strategy. Thanks! 09/05/2020 12:40 PM
Yes. However, I usually do not sell all..I always leave something on the table. It's my way of saying thank you to the operator.
In the case of HengYuan (Formerly known as Shell Refinery), I bought it before it breaches RM 3. Since I need more fund to buy and strengthen my position into Blue Chips Plantation (KL Kepong, Sime Plantation, IOI Corporation) companies last week, I decided to take profits when it about the beaches RM 4. So happy with my adventure with Heng Yuan as I have collected enough before it exploded last week. Still holding about 20% of Heng Yuan. Currently the share is experience resistance at RM 4.15. Plan to collect when the price retraces. Current HengYuan weather forecast indicated it will continue to climb to RM 6 to 7. The all-time high for HengYuan is RM 20.
As long you stick to the fundamentals and have done your homework, there's nothing to fear.
@qqq33333333 if everyone is rational, then the conclusion is clear..........gloves are the only game in town.......... 09/05/2020 4:11 PM
Gloves is good and i have the Top 3 companies in my collections, Hartalega, Top Gloves and Kossan. I invested when G pledged 18 millions Gloves to China to help them fight the Coronavirus.
However have you heard about the stories about varieties?
O&G is big business. Croxx is right Dayang is activities based. It's in the Downstream segment it should be the least affected with oil price volatility.
Here's the irony part, my best performance is still my collections of Middle Stream Battleships in term of Margin. Perhaps the only explanation is because Downstream Battleships are still on collection mode.
Once these Batleships starts firing their missiles one by one , it will the star performers among the 3 streams in the O&G Supply Chain. So far I have just unleashed HengYuan.. Not all of it just part of it and that's because I need more fund to finance more acquisition on the Blue Chip Plantations.
Stay on to Gloves. Not only you are investing, you are helping Billions of people across the Globe.
So far I'm happy and proud to be one of the owner of the Top 3 Gloves Companies in the World..
hi good morning ,paktua,mable,baby shark,joyest n all troops friends here wish all have a blessing day ..why so quiet to day after 3 days holiday???? huhu
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....
probability
14,490 posts
Posted by probability > 2020-05-08 20:46 | Report Abuse
PM hails Petronas-Sarawak deal, says it allows for further development of O&G sector in the State
May 08, 2020
https://www.theedgemarkets.com/article/pm-hails-petronassarawak-deal-says-it-allows-further-development-og-sector-state