PETALING JAYA: The brief surge in oil and gas (O&G) stocks came to a screeching halt with stocks reversing gains after it became clear that coordinated cuts by the Organisation of the Petroleum Exporting Countries (Opec) countries were unlikely to materialise.
AGM today. Company fears volatility in oil prices more than going mainly in one direction: up or down. Chairman was chicken & let a longtime ex-employee drone on & on & ON( for about 20 minutes) about his own knowledge about the biz...
If you have bought Petdag in 2005, you would have seen its share price gone up 10 to 11 fold, based on today's price (not including dividends received). What makes a stock a 10 bagger?
Waw, the result is out, excelent as expected, 6bilion RM revenuw and about 340 Milion profite in one quarter.. almost double compare to previous quarter
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) and Saudi Aramco are expected to sign an agreement to collaborate in the country's Refinery and Petrochemical Integrated Development (RAPID) project, two industry sources said on Wednesday.
Aramco had decided to suspend its partnership with Petronas in the refining and petrochemical complex in the southeast of the country, according to sources last month.
The signing is expected to take place on Monday, said one of the sources with knowledge of the matter who declined to be identified, during a visit by Saudi Arabia's King Salman to Malaysia.
Petdag and hibiscus qr report will be released in less then two weeks. The different between petdag and hibiscus is that hibiscus is dept free and 60 milion cash flow. I am not promoting hibiscus here as i do own both, however i think we should support hibiscus too as it share now is at lowest level, oil price is stable, good for both petdag and hibiscus. Lets see monday how that goes. I gues both will report a higher net profite comparing to previous report.
IF Petdag can achieve $1 billion net profit in 2017, its forward P/E based on today's market cap of $24.3 billion (market price per share of 24.40) is 24.3x. Assuming Petdag also maintains its DPO of 75% (as in 2016), the dividend that can be anticipated will be 750 million, giving a projected dividend yield of 3.09% for 2017.
Petdag reported a good last quarterly results. YoY quarterly earnings increased by 15%. The dividend declared for Q1 is 14 sen per share, compared with dividend of 12 sen per share the same quarter of previous year.
FEATURE Oil Prices Could Rise by 35% Later This Year A prescient analyst at Citigroup thinks oil, recently at $44 a barrel, could head to $60 as demand increases.
By GENE EPSTEIN July 8, 2017 1:15 a.m. ET The price of crude oil could touch $60 a barrel before the end of this year, as demand exceeds supply. That forecast would have been aggressively bearish as recently as three years ago, but with West Texas Intermediate trading last week at $44, $60 would mean a price jump of 35%.
Citigroup senior energy analyst Eric Lee, featured in Barron’s as anticipating the bear market when the price was over $100, has become a short-term oil bull at current levels. In his view, traders have had difficulty interpreting the effect on...
This is the reason oil could jump up to $120 a barrel, expert says Oil producing states and the oil supply are vulnerable to geopolitical risks. Significant disruption could see prices rise to $120 a barrel U.S., Libyan and Nigerian oil production is adding around 1 million barrels a day, undermining OPEC cuts.
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....
Oil_n_Gas
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Posted by Oil_n_Gas > 2015-09-30 23:02 | Report Abuse
Fuel prices up 10 sen for October
http://www.thestar.com.my/News/Nation/2015/09/30/October-fuel-prices/