Petronas recently hogged the limelight after the government announced that the state-owned energy company will release RM30 billion in dividends, prompting some rating agencies to turn negative on its outlook.
The government, however., defended the move, saying that the national oil company has ample cash reserve.
Fossil fuel will go the way of Dutch's TULIP.. Alternative energy sources are being aggressively developed. West understands the problem of being dependent on fossil fuel and the arrogance of the countries producing it. They are moving towards self reliance.Say good bye to oil.
AFTER a long and tedious wait, the country’s oil and gas (O&G) services companies are finally beginning to enjoy the benefits of better crude oil prices and increased upstream spending by oil majors.
But while some listed companies have started to see a positive turnaround in the latest results season, The Edge has learnt that some smaller vendors have yet to be paid, even though they have completed their subcontracts.
Hey, last 2 year their loan interest was around 7-14% . Who was not paying them :( Extended tenure and increase of interest up to 25% .... payment for their financier was dragged up to 1-3 years (Flex muscle).
PETDAG got nothing to do with Upstream business, they are mainly marketing/trading company , buy and sell from/to local suppliers & customers. Vry small volume trade through open market ; not much affected by crude/product price
If u bet on oil price up, why waste time with Petdag leh ??
Petdag is just a petrol station retailer of oil mah...if price up they make very little and whereas price down they lose little mah..!!
Actually Petdag not an oil company and not even a refinery, they just a distributor on behalf of their parent Petronas mah...!!
U go & buy hibiscus or Sapnrg they are more reflective of performance of oil price loh...!!
Posted by stingray_ea > Jun 19, 2019 6:11 AM | Report Abuse
stingray_ea( 100% Candlestick,simple,fast,high accuratecy No Trendline, UpDown,Z,M,N,W Reverse lines, U,F,O turns. No Indicator No News No FA / TA Go deep into operator mind and read their steps Go deep into retailer mind and read their steps after operator actions )
I like to predict here predict there. Like what I predict TM and Tenaga before. Both become Tongkat Ali now I can't stop them. Susah susah not my fault
Guess what is the next oil price movement?? I know the answer but I keep it for my secret.
petdag is Oil taikor. invest little here. if happen for third and 4th incident oil tanker got attack and BOMMMMM on East Asia. I believe Oil price will shoooooooooot up.
Petdag will become tongkat Ali....90 degree UP for few days.
Good news for KLSE and Malaysia's economy with budget 2020... Like that our KLSE will spike up to break above 1,800 points ~ 2,000 points after budget i.e year 2000, 2021 and etcs
Wow, US cuts interest rate again, like that Malaysia will follow soon ! Lower interest rate is good for stock market and all other sector to become bullish and prosperous !
Huat ah ! Heng ah ! Ong ah !
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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....
3iii
13,099 posts
Posted by 3iii > 2018-11-27 19:25 | Report Abuse
It[s share price is well supported by its dividends.