Posted by InvestorKING > 2020-03-08 11:50 | Report Abuse

Aramco won't let the oil price go south again, don't believe on such misleading or not officially proven media news

Aramco wishing to have high oil price, not low oil price, if not they will collapse

Posted by InvestorKING > 2020-03-08 11:51 | Report Abuse

That common sense

Posted by InvestorKING > 2020-03-08 11:57 | Report Abuse

Anyway, Armada is really too much oversold already, with 10' days dropping, no rebound at all

Posted by TAK1 > 2020-03-08 11:58 | Report Abuse

I just want to see Yinson force majoure FPSO is possible for all fpso.

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-03-07/saudis-plan-big-oil-output-hike-beginning-all-out-price-war

Posted by i3lurker > 2020-03-08 12:01 | Report Abuse

"Brent crude, the global benchmark, fell to a low of $9.55 a barrel in December 1998, during one of the rare price wars that Saudi Arabia has launched over the last 40 years."

no worries, if that happens, Petronas will be sold at RM1.00 to Sapura

new name => Sapura Shahril Petronas

Posted by TAK1 > 2020-03-08 12:12 | Report Abuse

Which company can close shop permanently. U KNOW IF BRENT 30 SARAWAK OIL STILL 36.

Posted by freddiehero > 2020-03-08 12:25 | Report Abuse

haha ade itu macam ka?

Posted by freddiehero > 2020-03-08 12:25 | Report Abuse

then y no just buy with brunei?

Posted by InvestorKING > 2020-03-08 14:44 | Report Abuse

Actually Wednesday and Thursday Putin already stated that Russian will not cut this round, it's actually the Saudi forcing Russia to cut, even though OPEC agreed to cut 1mil further, but with conditional Russia must cut together, that's why Friday most oil and gas counters already dropped

Posted by InvestorKING > 2020-03-08 14:48 | Report Abuse

Friday Iran minister also mentioned that's a very difficult meeting, already know Russia won't cut

Posted by Thinkbig > 2020-03-08 16:02 | Report Abuse

Oil will reach 40.

Posted by Stncwsss > 2020-03-08 16:13 | Report Abuse

Good

Posted by InvestorKING > 2020-03-08 17:28 | Report Abuse

I think oil price will rebound by Monday or Tuesday

Posted by Friendship > 2020-03-08 17:28 | Report Abuse

Good to see price drop to recollection level

Any further lower level prices means operator get to collect back more and next round of rally will be near

Posted by EnemySpotted > 2020-03-08 20:28 | Report Abuse

Abandon sh*t.

Posted by john1102 > 2020-03-08 21:17 | Report Abuse

haiz

Posted by mf > 2020-03-08 21:29 | Report Abuse

Saudi Aramco shares fall below IPO price for first time, Gulf stocks plummet after OPEC deal failure

Posted by SuperPanda > 2020-03-08 21:47 | Report Abuse

“This is going to get nasty,” said Doug King, a hedge fund investor who co-founded the Merchant Commodity Fund. “OPEC+ is going to pump more, and the world is facing a demand shock. $30 oil is possible.”

Some believe the market could go even lower.

“We’re likely to see the lowest oil prices of the last 20 years in the next quarter,” said Roger Diwan, an oil analyst at consultant IHS Markit Ltd., implying that the price could fall below $20 a barrel.

Posted by SuperPanda > 2020-03-08 21:48 | Report Abuse

careful all, all the best, i decided to stay away from o&g now

Posted by AlvinTSK > 2020-03-08 22:01 | Report Abuse

Why so negative ?? according to many here, since when armada is dependant on oil price... LOL
And now without the support of EPF, see who is going to carry this sinking ship!! As said before, tomorrow will short until .25!!

Posted by mf > 2020-03-08 22:02 |

Post removed.Why?

Posted by john1102 > 2020-03-08 22:04 | Report Abuse

pls.dont

Posted by Mabel > 2020-03-08 22:16 | Report Abuse

Saudi and Russia spent so much time to stablise the oil price for the past 3 yrs sucessfully. they know the pain of low price. this round wont last very long but saudi need to do something to push russia back to table to agree on the oil cap reduction...

Meow

Posted by Friendship > 2020-03-08 22:38 | Report Abuse

It’s short term pain for longer term gain as low oil prices will kill more shale players where the US will ultimately pump fewer oil

Posted by i3lurker > 2020-03-09 00:14 | Report Abuse

been reports that it as a coordinated effort by Saudi and Putin to kill off the US shale oil industry.
Putin started it
then Saudi no choice followed
the industry dynamics are just different

https://finance.yahoo.com/news/putin-dumps-mbs-start-war-172746296.html

Posted by i3lurker > 2020-03-09 00:19 | Report Abuse

///But a photo of the conference room after the delegates had left hinted at a different story: The small Russian flag by Novak’s seat had been knocked over. And Prince Abdulaziz left his counterparts with a grave warning: Trust me, he told them, according to a person in the room. This will be a regrettable day for us all.///

https://finance.yahoo.com/news/putin-dumps-mbs-start-war-172746296.html

its Russian roulette
who will blink first?

will Armada get a contract termination first or Russia + Saudi stop oil dumping first ?

that is the billion RM impairment question.

Posted by TAK1 > 2020-03-09 01:24 | Report Abuse

Armanco only drop .9 no rush as pricing is for April another opec+ meeting on 18 march.

Posted by TAK1 > 2020-03-09 01:25 | Report Abuse

Is russia coming to the table for 25$ oil.jeng jeng.

Posted by TAK1 > 2020-03-09 01:37 | Report Abuse

Recovery will be there for every downturn 2020 has provided an yo yo speculation its only 2nd week of March more drama to come. China back up to 50% production factory

Posted by truly > 2020-03-09 01:39 | Report Abuse

TP 0.15

Posted by TAK1 > 2020-03-09 01:46 | Report Abuse

Armada ships based in india uk angola malta no impact on consumption only indonesia and vietnan southeast asia and brazil fpso may have force majoure same as shale company in US if cannot sustain 6 mths as saudi total population better prepared than russian to no of population and spending for arm r&d impacted long term. Putin is time for WAR.!!!!

Posted by armadatuah2017 > 2020-03-09 06:59 | Report Abuse

oil below 40. it will be worse than 2014 oil fall..

Posted by armadatuah2017 > 2020-03-09 06:59 | Report Abuse

no companies can escape, including our BA.

Posted by InvestorKING > 2020-03-09 07:12 | Report Abuse

Russia and saudi now want to force US shape industry to disappear first, then it's easier for oil price to go higher later

Posted by Friendship > 2020-03-09 07:49 | Report Abuse

Short term pain long term gain

Posted by emil > 2020-03-09 08:16 | Report Abuse

Limit down?

Posted by abang_misai > 2020-03-09 08:21 | Report Abuse

Someone who bought recently will shit brick today.

Posted by moneycome123456 > 2020-03-09 09:06 | Report Abuse

0.155 soon

Posted by paktua73 > 2020-03-09 09:07 | Report Abuse

done relaod back from 013-0.14
after cyt lost on previous holding..
now hold back on low level

tut tut
besar rugi terpaksa tngung

Posted by mf > 2020-03-09 09:12 |

Post removed.Why?

Posted by tkl88 > 2020-03-09 09:25 | Report Abuse

Walaoeh, Now Armada traded at 0.20 (-0.08) (-26.8%)
What happend ? What plunged so sharply ?

Posted by apanama > 2020-03-09 09:27 | Report Abuse

Time cheap should buy Armada..not time expensive..:)

Posted by Tripaka > 2020-03-09 09:27 | Report Abuse

Market crash..

Posted by tkl88 > 2020-03-09 09:27 | Report Abuse

Oh My goodness, today lowest price was at 0.125 (-0.155) (-55.4%) !

Posted by Tripaka > 2020-03-09 09:27 | Report Abuse

Panic selling.

Posted by ChickyWaWa > 2020-03-09 09:30 | Report Abuse

Market Massacre: Oil Crashes 30%, VIX Explodes As S&P Craters Limit Down
https://www.zerohedge.com/markets/market-massacre-oil-crashes-30-dow-down-1000-points-vix-explodes-es-craters

Posted by kenie > 2020-03-09 09:33 | Report Abuse

投资石油天然气公司要小心
https://klse.i3investor.com/blogs/tombthieve/231051.jsp

Posted by TAK1 > 2020-03-09 09:40 | Report Abuse

Why EPF never sell down all. This is not crash volume for Armada.

Posted by TAK1 > 2020-03-09 09:43 | Report Abuse

Stupid huat debt all restructured for Armada assh$ole now its oil price war.

Posted by Banditos > 2020-03-09 09:50 | Report Abuse

condolences for now. hopefully bounce back in short time for the holders. cheers