Thanks for sharing for all to win. We have the same interest and is on the same side.
Whether anyone did zero research or more than anyone ever did is anyone's assumption.
Research and facts can be very useful, but there is this thing called sentiments too.
Not saying you are wrong, you could very well be right. I have lost a lot of money before when i thought i was cock sure. Perhaps i am the only one here who have lost money when i think i am absolutely right.
Not bashing anyone. Just that everyone has the right to their opinion including those who thinks that others talk nonsense.
U need to follow covid as it progress's to buy as shutdowns bring more lesser demands even if 2mbpd also now no use. Need to see covid not oil. Covid ok oil ok. Till then can short.
See next 2 quarters how first...if armada can survive, enter after Q4 is not too late... It might be trading at 20sen or more, but at least we know armada in better shape...
Wanna see how Gary deal with this...If he suddenly resign, then bye bye liao lo....
============================================================= apanama ..your money your call..i am not a promoter..i am just to give my humble opinion..everyone of u have your own right and methodology to buy and sell stocks..
i am still optimistic regarding oil and gas stocks because the dynamic of market will change soon..
lets go back to history..both oil collapse stop at 26 dollar..dont expect below 26dollar..its already two times within 14 years oil collapse and stop at 26 dollar..so the price of oil is already at bottom ..just waiting time to swing upwards..
Yes. It will rebound...just 3-5years later if it hasn't bankrupt yet...
Now, looking at cash rich OnG sector that can ride through this storm....
----------------------------------------------------------- bullrun1985 Panda, you still don't understand their mindset. a ppls who suffer a big loss always keep a big rebound hope if they still able to hold the shares. the situation is like this now
Stop with all this prediction!! We all know that we will be in the bear market as long as the vaccine is not found!! When you have an open wound, you find a plaster and not a pain killer!! Stimulus doesnt really help in biological crisis....
If u kena corona there is alteady a vaccine 30 years old from cuba which works that Western country are forcing WHO not to recognize as cuba charges 20usd and the western pharma wants to sell it 100iusd. Covid vaccine found.
One of the biggest user of oil is aviation (air line) and they have limit down their flight due to lock down!! Once US declare a lock within the next 48hrs!! We will see oil dip below 20/B !! Then the real show began... where .05 is achievable !! Lets all play during that time!!
Oil plummeted 12% to a nearly 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude and as rising worries about a global recession lead to fears of longer-term demand destruction.
U.S. West Texas Intermediate crude fell 10.7%, or $2.75, to trade at $24.20 per barrel. At the session low, WTI dropped more than 12% to $23.60 per barrel, its lowest level since April 2002.
International benchmark Brent crude shed 6.2%, or $1.80, to trade at $26.92 per barrel. Earlier it traded as low as $26.65, its lowest level since Sept. 2003.
hahahha..dont worry too much la..the only way from going down is going up after that..the only question now..what is the bottom..i dont think Armada will be PN17 and delisted..Brent not USD 20 yet dah kecut perut semua..chill la..it will swing upwards soon after DXY Index cool down..now DXY Index still strong..
buy when its low ..dont buy when its high..the only way from going down after this is going UP..:)
We can see people when price of stocks too high they chase like mad cow..but when its already low they wait and wait and wait..:)
Same goes with Goldman Sachs..when oil price too low already they will produce report Crude oil touch USD 20..:)..actually thats signal to buy already..:)
Only people got money and balls have guts to buy..:)..No money..just see ..:)
Oil dropped 24% to a more than 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude, and as rising worries about a global recession lead to fears of longer-term demand destruction.
U.S. West Texas Intermediate crude fell 24.4%, or $6.58, to settle at $20.37 per barrel, its lowest level since Feb. 2002. At the low of the day, the contract hit $20.06. It was WTI’s third worst day on record.
International benchmark Brent crude shed 14.1%, or $4.07, to trade at $24.67, its lowest level since 2003.
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....
Ziko Ro
1,180 posts
Posted by Ziko Ro > 2020-03-18 15:53 | Report Abuse
If company lose debt must be paid not free. How to wake up if no money and still struggling with big debt. Think carefully.