Posted by mf > 2020-06-06 15:11 | Report Abuse

Drilling Executive: Oil Prices Could Hit $70 This Fall
By Tsvetana Paraskova - Jun 05, 2020, 11:00 AM CDT
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WTI Crude prices may be set for a 90-percent jump to $70 a barrel by the fall as U.S. oil producers may have “over-cut” production, Dan Eberhart, chief executive of Canary Drilling Services, told Markets Insider this week.

According to the manager of the drilling firm, U.S. oil companies have curtailed production too much too fast when prices collapsed, setting the stage for a “mini-supply shock” on the U.S. oil market.

Posted by Friendship > 2020-06-06 15:26 | Report Abuse

https://oilprice.com/Energy/Oil-Prices/Drilling-Executive-Oil-Prices-Could-Hit-70-This-Fall.html

Posted by Flyinghorse > 2020-06-06 19:00 | Report Abuse

Going to rocket up next week. Better wear your seat belts. KNM up up up

Posted by Freedom89 > 2020-06-06 19:25 | Report Abuse

Next tp 0.31

Posted by mf > 2020-06-06 19:34 | Report Abuse

OPEC and allies to agree one-month extension to output cuts

Posted by RedEagle > 2020-06-06 21:58 | Report Abuse

*Economy Recovery Plan*

*Positive:*
1. Property (SP Setia, Sime Prop & IOI Prop)
• Stamp duty exemption
• Individual RPGT abolished
• Current 70% margin of financing limit will be lifted

2. Auto (BAuto, CCB, DRBHICOM, MBM Resources, Tan Chong Motor & UMW)
• Full sales tax exemption on locally assembled cars
• 50% sales tax exemption on imported cars

3. Tourism (GENM, Genting Berhad, Only World Group, & Shangri-La Hotels)
• Tourism tax exemption
• Extension of service tax exemption for hotels
• Extension of period for income tax relief
• Extension of period for deferment of tax instalment payment for tourism industry

4. Commodity Sector (Plantation Stocks)
• Support the commodity sector through 100% export duty exemption

5. mTouche, MyEG, & Pharmacy-related stocks
• Tax deduction or capital allowance for COVID-19 related expenses, such as Covid-19 testing, Purchase of PPE and thermal scanners

6. Healthcare providers (KPJ, IHH, and TMC LIFE)
• The government will double the existing healthcare allocation for the PEKA B40 Programme

*Negative:*
7. Accelerated Payment Terms for Government-Linked Companies and Large Corporates’ Supply Chain
• Axiata and TM have reduced payment terms for selected vendors from 45 days to 14 days
• TNB has a 7-days payment process
• PETRONAS launched the Vendor Financing Programme in collaboration with nine banks, to facilitate vendor verification and reduce approval time. In the past few months in particular, PETRONAS has accommodated payment arrangements that have enabled vendors to stay afloat.

Posted by Godofgambler > 2020-06-06 22:34 | Report Abuse

https://www.google.com/amp/s/www.cnbc.com/amp/2020/06/06/opec-and-allies-reportedly-agree-to-extend-record-production-cut.html

Posted by KAQ4468 > 2020-06-06 23:42 | Report Abuse

Hibiscus ...KNM ... Armada


Terbang pergi bulan



Hahahaha


Audi mari .... Bungalow mari ... New wife mari ....

Posted by Trapps > 2020-06-07 09:22 | Report Abuse

Dun overwhelm since it wont be fry like glove counter suddenly go up so much because glove counter spike is fry by operators

Posted by tkl88 > 2020-06-07 09:45 | Report Abuse

Operators won’t be just fry glove counters all the while, currently the glove counters share price is too high and too bubble for retailers to consider buy it...
So, operators sure will fry those counters which it’s share price still low low & undervalue...
Then they will fry O & G counters, then steel counters, then property counters, then construction counters and etcs !
Now is the beginning of the bull market warming up only, the top climate will be from now onwards till 2026, just like previous prosperity economy of 1990 - 1996 !

Posted by High5 > 2020-06-07 12:03 | Report Abuse

Opec+ extends oil cuts in win for Saudi-Russian alliance

Posted by High5 > 2020-06-07 12:04 | Report Abuse

https://www.theedgemarkets.com/article/opec-extends-oil-cuts-win-saudirussian-alliance?type=corporate

Posted by Godofgambler > 2020-06-07 14:30 | Report Abuse

Tunggu apa?
Tuesday hentam KNM kaw kaw!!!!

Posted by Kevin Tam > 2020-06-07 14:40 | Report Abuse

When is KNM next quarter result out ??

Posted by supersaiyan3 > 2020-06-07 18:33 | Report Abuse

tkl88, no lah. China habis wayang will affect malaysia too.

Cautiously optimistic.

Posted by maggiemee > 2020-06-07 23:10 | Report Abuse

Next week rally. Standby

Posted by freddiehero > 2020-06-07 23:11 | Report Abuse

maggiemee nice Nick

Posted by freddiehero > 2020-06-07 23:12 | Report Abuse

r u ready everyone..

Posted by KAQ4468 > 2020-06-08 00:30 | Report Abuse

Hibiscus ...KNM ... Armada


Terbang pergi bulan



Hahahaha


Audi mari .... Bungalow mari ... New wife mari ....

Posted by KAQ4468 > 2020-06-08 00:31 | Report Abuse

10 cents become 60 cents


Wakakakakayaaaaaa !!!!

Posted by mf > 2020-06-08 00:33 | Report Abuse

0.280-0.350

Posted by mf > 2020-06-08 07:03 | Report Abuse

Dow futures rise 150 points as Wall Street tries to add to last week’s rally

Posted by Mabel > 2020-06-08 08:25 | Report Abuse

To 35 with Loves

Posted by bullstudent > 2020-06-08 12:19 | Report Abuse

Let’s go !

Posted by NAZRIN93 > 2020-06-08 12:36 | Report Abuse

You know, I still remember the discussion that sardin want to stop associating knm with oil price when the oil price go down. I dont think he would be very happy too if knm price spike because of oil since he believe knm is more than just that

Posted by Godofgambler > 2020-06-08 14:19 | Report Abuse

Tomorrow hentam kaw kaw...

Posted by KAQ4468 > 2020-06-08 14:23 | Report Abuse

My 13 cents will become 60 cents


Kah Kah Kah



Buying pop corn ...enjoy the movie

Posted by MoneyHeist > 2020-06-08 16:12 | Report Abuse

Cant wait for market to be opened tmr! KNM will fly..

Posted by bullstudent > 2020-06-08 17:42 | Report Abuse

I would be happy with 45c

Posted by MoneyHeist > 2020-06-08 20:38 | Report Abuse

45c can be achieved if QR reported green this week! Best gila

Posted by Jack Y > 2020-06-08 20:39 | Report Abuse

Rm1 .. seem how many put up....

Posted by Willy888 > 2020-06-08 21:25 | Report Abuse

QR will be disappointing.

Posted by Trapps > 2020-06-08 21:54 | Report Abuse

Brent drop again

Posted by limitupupup > 2020-06-08 21:57 | Report Abuse

haha im grabbing popcorn waiting ppl to bash O&G here, brent oil crude oil dropping d how how

Posted by Newbiie93 > 2020-06-08 22:05 | Report Abuse

When you expecting it up but it shows the opposite…haha, tough life

Posted by kuttyravi > 2020-06-08 22:23 | Report Abuse

may be we have to wait till November 2020 to see positive changes in price

Posted by CUTLOST > 2020-06-08 22:29 | Report Abuse

Coming coming 50cts

Posted by Godofgambler > 2020-06-08 22:50 | Report Abuse

Wait....
Sabar.... To reach the climax need time.

Posted by limkokthye > 2020-06-09 00:05 | Report Abuse

many country already start to ban fuel car within 10years period, msia gov sure die, msia gov realy hope for oil revenue,

Posted by lanikai > 2020-06-09 00:24 | Report Abuse

Guys ready with your parachute. Panic selling tomorrow!

Posted by lanikai > 2020-06-09 01:39 | Report Abuse

Morgan Stanley: This Oil Rally Won’t Last
https://oilprice.com/Energy/Oil-Prices/Morgan-Stanley-This-Oil-Rally-Wont-Last.html

Sorry guys bad news for short-mid term investors.

Posted by Godofgambler > 2020-06-09 06:53 | Report Abuse

Haha panic selling...?
Looking at the oil price chart..
I think anytime will be panic buying...

Posted by Isabelle > 2020-06-09 07:30 | Report Abuse

https://seekingalpha.com/news/3581177-oil-slides-saudis-say-extra-cuts-for-month-only-energy-names-rise?utm_source=investing.com&utm_medium=referral

Posted by MoneyHeist > 2020-06-09 09:10 | Report Abuse

Boomts! KNM is coming to you TP0.35

Posted by Jack Y > 2020-06-09 09:22 | Report Abuse

hahahaha fly fly flu

Posted by airbus380 > 2020-06-09 09:44 | Report Abuse

TP.35 ?

Posted by airbus380 > 2020-06-09 09:49 | Report Abuse

HIBISCS more power full

Posted by sonyx123 > 2020-06-09 11:06 | Report Abuse

oil price fly still cannot fly....

Posted by Jack Y > 2020-06-09 11:11 | Report Abuse

haahahahahahah its normal..

Posted by icepumpkin > 2020-06-09 12:00 | Report Abuse

what is tp for mid term?