Posted by GoodTrade > 2020-03-26 10:33 | Report Abuse

OilPrice.com news ... Don’t Believe The Oil Bulls By Nick Cunningham ...
The world surplus could reach 20 million barrels per day (mb/d) in the next few weeks, threatening not only to top off storage tanks everywhere, but to crash prices even further and shut in oil production. The shutdown orders in the U.S. continue to multiply, confining tens of millions of people to their homes. Much of Western Europe remains on lockdown as well ...

Posted by apanama > 2020-03-26 11:46 | Report Abuse

hahaaha..Bullrun..i did not take over anybody job to promote this counter..i just speak the truth based on graph..looks like this Armada slowly climbing to 20sen..your money you decide la..:)

Anyway 5 cents more to 20 sen..who knows DXY Index reach 94-95 level..which will bring 5 dollars to Brent..so Brent could reach USD32...add on USD 3-5 dollars for speculation..Brent could reach USD 35..we never know dynamic of the market can change over night...:)

All the best market warriors..

Posted by apanama > 2020-03-26 11:56 | Report Abuse

By the way Brent oil average for 2020 so far is about USD 52 and now traded at USD 27 ..so there are potential upside by 10 dollar..the dynamic of the market will change once there are 'positive news'...:)..i am more on upside than downside..up to you to decide..

Posted by Mabel > 2020-03-26 12:41 | Report Abuse

Wah....

Another 11% rise today...

So nice..

My Arma, never fail to excite me...

Meow..

Posted by Mabel > 2020-03-26 12:41 | Report Abuse

@apanama By the way Brent oil average for 2020 so far is about USD 52 and now traded at USD 27 ..so there are potential upside by 10 dollar..the dynamic of the market will change once there are 'positive news'...:)..i am more on upside than downside..up to you to decide..
26/03/2020 11:56 AM

I'm totally in line with your thinking apanama...

Meow...

Posted by Investsucess Trader > 2020-03-26 12:43 | Report Abuse

If you want to buy , better buy tomorrow, your money your wish. I just fliping the coin,

Posted by armadatuah2017 > 2020-03-26 13:14 | Report Abuse

disposing now for 0.115 collection. handsome profit

Posted by mf > 2020-03-26 13:54 | Report Abuse

Coronavirus live updates: US deaths soar past 1,000, according to Johns Hopkins University

Posted by mikekim > 2020-03-26 14:49 | Report Abuse

https://www.energyvoice.com/coronavirus/230440/breaking-multiple-covid-19-cases-quarantined-on-enquest-magnus-platform/

Posted by Expertise > 2020-03-26 15:39 | Report Abuse

https://www.theedgemarkets.com/article/china-buys-record-volume-russian-oil-european-demand-dives-say-traders

Posted by mikekim > 2020-03-26 16:04 | Report Abuse

The implication is Enquest’s cash flow is weakening with Thistle, Heather and Magnus offline, and remaining production selling at half price. Cost cuts, capex cuts and stretching payables are inevitable, with higher counterparts default risk for BA.

Now is not the time to dabble in O&G yet, as SuperPanda has mentioned. Not until Covid eases and Saudi stops the oil price war for longer term recovery. If you’re betting both of these will resolve shortly, then by all means, go in now. Otherwise, hold and observe.

Posted by mf > 2020-03-26 16:46 | Report Abuse

European stocks open lower, overshadowed by upcoming US jobless claims data

Posted by Investsucess Trader > 2020-03-26 19:33 | Report Abuse

No harm, just wait at 0.10-0.11, the present markets won't surge fast and continuosly,

Posted by coolio > 2020-03-26 20:08 | Report Abuse

buy and hold for for 5 years..for sure will gain..Dirt cheap

Posted by apanama > 2020-03-26 21:05 | Report Abuse

as we are aware there are two ways to play crude oil market. one way is by supply demand. another way is by DXY Index or Dollar getting weaker and weaker. Now, I am more on DXY Index getting weaker day by day. at least it will give some balance or 'excitement' for 'demand vs supply' scenario. Both have SPECULATION. So, lets the speculators speculate the crude oil market with DXY Index scenario..who knows DXY Index down up to 88 level..

All the best to all market warriors..

Posted by Expertise > 2020-03-26 22:35 | Report Abuse

Djx 3 streak green good

Posted by vespa > 2020-03-26 22:37 | Report Abuse

LONDON (Reuters) - EnQuest (ENQ.L) aims to break even this year at $38 a barrel and does not expect to restart its Heather and Thistle/Deveron fields, which produced 6,000 barrel of oil equivalent per day (boed) last year, the British North Sea oil and gas producer said on Thursday.

EnQuest said it expected to produce between 57,000 and 63,000 boed this year, even after slashing operating costs by 30% to $375 million and investment cuts of $80 million (69.58 million pounds) to $150 million.

It added its 2021 production is likely to be impacted by these cuts, but that its breakeven was due to fall to around $35 a barrel.

EnQuest hedged a fifth of its 2020 output, or 2.9 million barrels, at an average floor price of $65 a barrel and 1.1 million barrels at an average floor of $52 a barrel.

“There are no further repayments of the Group’s senior credit facility due in 2020, with the facility maturing in October 2021,” EnQuest said, adding that its net debt was $1.367 billion at the end of February.

Posted by vespa > 2020-03-26 22:38 | Report Abuse

Caution is the order of the period

Posted by Will76 > 2020-03-26 23:38 | Report Abuse

Breaking News from CNBC

Oil prices fell on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.

West Texas Intermediate (WTI) crude futures slipped $1.04, or 4.25%, to trade at $23.45 per barrel, while Brent crude futures fell 44 cents, or 1.6%, to trade at $26.97 per barrel.

Posted by Mabel > 2020-03-27 07:33 | Report Abuse

Wah.....

Dow Jones is up...

Market will be meowing today...

Meow..

Posted by apanama > 2020-03-27 08:33 | Report Abuse

Dont worry..Dow Jones already distance itself from 18000 and already 4000 points rebound..FBMKLCI should follow to test 1400..Armada? 20sen? hahahahaah..hopefully..:)

Posted by apanama > 2020-03-27 08:36 | Report Abuse

Dollar Index also cool off and break 100 level last night..now at 99 level..hopefully go straight to 94-95 level..and who knows..target 88 level..:)..so improve Brent oil price..yippie..USD 30-35 per barrel for Brent..

Posted by Mabel > 2020-03-27 10:55 | Report Abuse

Meow...

Posted by GoodTrade > 2020-03-27 11:12 | Report Abuse

Global Covid-19 crisis deteriorates especially America n Europe ... OPEC+ planning to increase oil productions starting in April2020 ... The next 2 months could be quite volatile for equities n oil prices ...

Posted by Ron90 > 2020-03-27 11:16 | Report Abuse

oil price keep on dropping and oil companies has to reduce non essential project and cut cost,

US finally become no 1 virus infected nation and no where near the end, US easilly reach 100k in the next 2 days..

.. but weird DJIA and KLSe keep on rocketing..

Posted by armadatuah2017 > 2020-03-27 12:13 | Report Abuse

my boss is blocking the price. need to wait till Tuesday after IDSS resumes

Posted by moneypedia > 2020-03-27 12:28 | Report Abuse

MarketWatch: The Dow just entered a bull market by some measures — but it sure doesn’t feel bullish on Wall Street.
https://www.marketwatch.com/story/the-dow-just-entered-a-bull-market-by-some-measures-but-it-sure-doesnt-feel-bullish-on-wall-street-2020-03-26

Posted by Johnchew5 > 2020-03-27 13:47 | Report Abuse

IDSS and PDT is suspended since last week until end of April ?

Posted by Expertise > 2020-03-27 14:05 | Report Abuse

today pm announce stimulus package...hope can limit up before idss release

Posted by Mabel > 2020-03-27 16:35 | Report Abuse

Meow...

Posted by armadatuah2017 > 2020-03-27 16:51 | Report Abuse

i need to accumulate more...down more...

Posted by Mabel > 2020-03-27 17:48 | Report Abuse

@apanama as we are aware there are two ways to play crude oil market. one way is by supply demand. another way is by DXY Index or Dollar getting weaker and weaker. Now, I am more on DXY Index getting weaker day by day. at least it will give some balance or 'excitement' for 'demand vs supply' scenario. Both have SPECULATION. So, lets the speculators speculate the crude oil market with DXY Index scenario..who knows DXY Index down up to 88 level..

All the best to all market warriors..
26/03/2020 9:05 PM

Apanama what happened when the dxy index goes down to 88 level?

Posted by SuperPanda > 2020-03-27 18:08 | Report Abuse

https://oilprice.com/Energy/Energy-General/Oil-Majors-Are-Preparing-For-10-Oil.html

Posted by SuperPanda > 2020-03-27 18:13 | Report Abuse

major oil has started cut spending, next month will start to feel the pressure, patiently wait 0.10 to come

the rebound in dow/s&p was due to fed money printing, it will be failed

Posted by i3lurker > 2020-03-27 18:17 | Report Abuse

oooh yah

Guinness Stout time again, can start shorting it down to 5 sen again

Posted by SuperPanda > 2020-03-27 18:23 | Report Abuse

The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s. Royal Dutch Shell said on Monday that it would cut spending by 20 percent, or about $5 billion, and also suspend its share buyback plan. French oil giant Total SA and Norway’s Equinor announced similar moves.

ExxonMobil and Chevron have suggested they too would be axing their budgets, with Exxon under particular pressure. Goldman Sachs estimates that Chevron needs $50 per barrel in order to cover spending and its dividend. ExxonMobil, on the other hand, needs something like $70.

Posted by Investsucess Trader > 2020-03-27 20:57 | Report Abuse

Duduk rumah diam diam, wait for the opportunity

Posted by GoodTrade > 2020-03-27 22:44 | Report Abuse

Brent below $20 ? Armada below 0.10 ? ...

Posted by tkl88 > 2020-03-28 01:44 |

Post removed.Why?

Posted by tkl88 > 2020-03-28 01:46 | Report Abuse

As at 1.43am,
Crude oil price,
Nymex => $21.27 (-1.33) (-6.64%)
Brent => $24.58 (-1.76) (-6.68%)

Posted by tkl88 > 2020-03-28 07:15 | Report Abuse

Dow Jones closed at=> 21,636.78 (−915.39) (-4.06%)

Posted by Mabel > 2020-03-28 08:34 | Report Abuse

How long will this pandemic last?

In China, the first cases were reported in December. It’s now half March, and Wuhan, where it hit hardest, had only 1 new case today.

If we add another month for sick people (of which there are still plenty) to get better, and to make sure no more cases appear, that makes it…Hence we are talking about FOUR MONTHS.

Tough Times Never Last but Tough People do..

Meow..

Posted by Mabel > 2020-03-28 09:19 | Report Abuse

Why using extra cash?

Most people who put savings into the stock market can lose 20–40% or so in a big market downturn. That’s the fall in the value of the stocks they hold, on average. That’s not really getting “wiped out,” but it’s a nasty shock. Many panic then and sell, which is the worst thing they could do, locking in their losses. But still, they have lost a lot, but aren’t “wiped out.”

Some people borrow money to invest in the stock market. This is called buying “on the margin.” If stocks go up in price, then one can pay off the loan and make a profit. But if stocks fall, one still has to pay back the loan. Thus, in a market collapse, many investors face “margin calls” that force them to sell off even more stock to satisfy the loan requirements. These folks can lose all their savings in a stock crash between the falling stock prices and the margin calls. They can be “wiped out.”

The same goes for people who invest in derivative assets, like options. Derivatives magnify the effects of market moves. They let one get extra earnings on the upside. But on the downside they can create much worse loses.

Bottom line...

One thing that makes a lot of Investors quit is poor risk management skill..

Meow..

Posted by Keyman188 > 2020-03-28 15:05 | Report Abuse

Lai...Lai...Lai...

Orang tua tak greedy...

Long waiting to reload further....(holding right now @ 0.125)

0.120...

0.115...

0.110...

0.105...

0.100...

0.095...

0.090...

Posted by apanama > 2020-03-28 17:09 | Report Abuse

Mabel..there are two phase development for Brent crude oil market from 3/1/17 until 16/2/18. Even though DXY Index fall down during the first phase which took about 4-6months, the Brent also down by USD 12.20 per barrel. But the most interesting part for second phase development after June 2017. The Brent crude oil rally up by USD 26.59 per barrel.

If history repeated itself, maybe Brent oil break the target USD 20 (but i am still doubt it will break USD 20 because the OPEC meeting will be around 10th April 2020) maybe there will be some news or 'speculation' activity prior the meeting. Normally, oil market will react on rumor first before the actual meeting. Maybe they will play about USA-Saudi-Russia news..:)

I am still betting on the positive side of the Brent which the Brent might rally up by USD 26-27 per barrel because so far Brent looks strong support around USD 25

Posted by liegelord > 2020-03-28 17:35 | Report Abuse

this is.... confusing

Posted by HuatlaiOnglai > 2020-03-28 18:20 | Report Abuse

One thing for sure if the price continue to be this low, it will surely impact Aramco share price to be low. Hence Saudi would surely feel uncomfortable with this price. Same and Russia. U tell!!!

Posted by Mabel > 2020-03-28 19:44 | Report Abuse

@apanama Mabel..there are two phase development for Brent crude oil market from 3/1/17 until 16/2/18. Even though DXY Index fall down during the first phase which took about 4-6 months, the Brent also down by USD 12.20 per barrel. But the most interesting part for second phase development after June 2017. The Brent crude oil rally up by USD 26.59 per barrel.

If history repeated itself, maybe Brent oil break the target USD 20 (but i am still doubt it will break USD 20 because the OPEC meeting will be around 10th April 2020) maybe there will be some news or 'speculation' activity prior the meeting. Normally, oil market will react on rumor first before the actual meeting. Maybe they will play about USA-Saudi-Russia news..:)

I am still betting on the positive side of the Brent which the Brent might rally up by USD 26-27 per barrel because so far Brent looks strong support around USD 25
28/03/2020 5:09 PM

Thank you apanama...

This week the Arab+Rusia vs USA will settle the oil issues. If you look at the stock market it is still under USD 30. Reserved is still steady. Right now it is more towards panic selling due to the pandemic. Once this pandemic is over, the confidence will return back. Globally, the coast will be clear by July. In individual countries, some could be earlier.

https://economictimes.indiatimes.com/markets/commodities/news/saudi-arabia-says-no-talks-on-new-oil-deal-moscow-suggests-larger-opec/articleshow/74859284.cms?from=mdr

Posted by Mabel > 2020-03-28 20:00 | Report Abuse

Actually Two things will happen.

Either we will move onto a post-apocalyptic society or the stocks will make a comeback like every other crisis before this.

If the first one was to happen, there is not much difference between wasting your money on stocks compared to anything else. Even stocking on supplies will not help you on the long run.

However, if the markets recover, like they do all the time, then you would be buying the stocks when they cheap, making you a hefty profit. But this might require a long patience, and unfortunately not many people have that.

Think about it...

Meow..

Posted by SuperPanda > 2020-03-28 21:30 | Report Abuse

"It's amazing to me that people are so bullish when virus cases are accelerating and economic growth is deteriorating," said Richard Bernstein, CEO Richard Bernstein Advisors. "I could see it if cases peaked out, and the economy is troughing."