Posted by up88up > 2020-04-12 21:48 | Report Abuse

Good news before market open...

Posted by oilwaterman > 2020-04-12 22:03 | Report Abuse

https://www.reuters.com/article/us-global-oil-opec-azerbaijan/russian-saudi-ministers-to-chair-opec-meeting-on-sunday-azerbaijan-idUSKCN21U0J6

Posted by tuapuikia > 2020-04-12 23:10 | Report Abuse

I think mexico just realize they forgot to buy O&G stock, and delayed it. So they can earn some from stock market as well

Posted by Silent75 > 2020-04-12 23:54 | Report Abuse

Haiz.. Just don't expect tmr market will be good.. Whole week... Get ready more bullet to top up...

Posted by astalavista > 2020-04-13 01:57 | Report Abuse

10 mil output cut done deal

Posted by Silent75 > 2020-04-13 02:03 | Report Abuse

Chance to buy cheaper

https://www.fool.com/investing/2020/04/12/thinking-about-buying-oil-stocks-everything-you-ne.aspx

Posted by evan > 2020-04-13 02:16 | Report Abuse

Breaking news!

OPEC and its oil producing allies on Sunday finalized a historic agreement to cut production by 9.7 million barrels per day, following multiple days of discussions and back-and-forth between the world’s largest energy producers.

- CNBC

Posted by evan > 2020-04-13 02:20 | Report Abuse

OPEC+ will cut 9.7 million barrels a day -- just below the initial proposal of 10 million. The U.S., Brazil and Canada will contribute another 3.7 million barrels as their production declines. OPEC officials were still waiting to hear more from Group of 20 members -- though it’s not clear if those numbers will represent real cuts or just production idled because of market forces.

- Bloomberg 

9.7m + 3.7m = 13.4m almost 15% of production!

Posted by evan > 2020-04-13 03:00 | Report Abuse

KUWAIT OIL MINISTER SAYS EFFECTIVE REDUCTION IN OIL SUPPLY BY OPEC+ AND OTHER G20 COUNTRIES WILL BE ROUGHLY 20 MILLION BARREL PER DAY.

Posted by evan > 2020-04-13 03:07 | Report Abuse

The Saudi Energy Minister said in the meeting that his country along with Kuwait and the United Arab Emirates had agreed to voluntarily cut their supplies by a further 2 million barrel per day to help the oil prices in the market.

Posted by up88up > 2020-04-13 08:41 | Report Abuse

Show time! Up up up!

Posted by bux0880 > 2020-04-13 08:51 | Report Abuse

brent 32.62 +3.62%

Posted by up88up > 2020-04-13 08:58 | Report Abuse

Lovely! Gap up!

Posted by iskandar100k > 2020-04-13 09:16 | Report Abuse

Guys better jump in now before its too late..

Posted by Silent75 > 2020-04-13 10:45 | Report Abuse

Look good.... Hahahaha..

Posted by liegelord > 2020-04-13 11:19 | Report Abuse

safe to enter?

Posted by KAQ4468 > 2020-04-13 11:35 | Report Abuse

armada cantekkkkkkk


hibiscus cantekkkkkkk



horeyyyyyyyy



wakakakakayaaaaaaa

Posted by nasrulfahmi > 2020-04-13 11:36 | Report Abuse

up up

Posted by KAQ4468 > 2020-04-13 11:39 | Report Abuse

layan layan

Posted by stingray_ea > 2020-04-13 11:54 | Report Abuse

cantek US Oil toward 25 usd......

Posted by stingray_ea > 2020-04-13 12:01 | Report Abuse

jump jump jump up

Posted by KAQ4468 > 2020-04-13 12:01 | Report Abuse

I love u ikan pari

Posted by TAK1 > 2020-04-13 12:11 | Report Abuse

US Futures red.

Posted by stingray_ea > 2020-04-13 12:13 | Report Abuse

jump jump jump up................up.....................up..................up..............up

Posted by iwantmymoneyback > 2020-04-13 12:19 | Report Abuse

oil prices falling?

Posted by up88up > 2020-04-13 12:25 | Report Abuse

Still up at this point

Posted by stingray_ea > 2020-04-13 12:30 | Report Abuse

stingray_ea give free tips to i3 buyer. i tell you fist dont tell others.... market maker heart to heart love story...

another happy day..

Posted by evan > 2020-04-13 13:41 | Report Abuse

Saudi Energy Minister Prince Abdulaziz bin Salman told Reuters that real effective cuts by OPEC+ would total 12.5 million bpd because Saudi Arabia, the United Arab Emirates and Kuwait would cut supplies steeper given higher output in April.

- Reuters

Posted by stingray_ea > 2020-04-13 14:11 | Report Abuse

Song to @KAQ4468 and all buyers :

https://www.youtube.com/watch?v=KaV0E7VHDW0

https://www.youtube.com/watch?v=2QKw8_DoN6Q

be happy everyday...

Posted by LeslieGoh > 2020-04-13 14:34 | Report Abuse

Buy buy buy all.in Armada...

Posted by Joe > 2020-04-13 14:53 | Report Abuse

Woow ! Up and Down, many rounds of opportunity given to buy and quickly sell

Posted by Joe > 2020-04-13 15:01 | Report Abuse

Buying oppurtunity 17.5 and below....(17.0)

Posted by Joe > 2020-04-13 15:05 | Report Abuse

Need to watch carefully and run fast...

Posted by foo > 2020-04-13 15:15 | Report Abuse

Which companies on Bursa have high cash and low debt
KUALA LUMPUR: The second extension of the movement control order to contain the Covid-19 outbreak — now totalling six weeks until April 28 — means that economic activities will remain subdued for at least another 14 days.
The pandemic, which has infected nearly two million and killed over 100,000 worldwide, presents the worst start possible for the recession expected ahead. As the infection curve has yet to near its peak, it is anyone’s guess on the depth of the economic downturn.
Against this backdrop, survival is the prominent concern now. Investors’ attention is drawn to companies’ balance sheets instead of growth prospects, which is widely expected to be minimal in the best-case scenario, as business volume dwindles and operating cash flow shrink.
Asia Analytica data shows that of some 880 listed companies (after excluding the 40 banks, insurers and investment trusts), 597 companies listed on Bursa Malaysia have cash that is less than their short-term liabilities.
Companies in many different sectors are underlined here, from furniture companies to retailers, automotive-related firms, and a wide range of manufacturers and trading companies.
Meanwhile, 223 listed companies have an interest cover ratio of below one times, meaning their earnings before interests and tax cannot cover interest expenses for a full year. The market capitalisation of most of these companies are below RM2 billion.
Some 321 companies were already in the red last year. Of the 599 profitable ones, around 45.6% of them saw profit decline in the period. Again, most on the list are small-cap firms, according to Asia Analytica data.
It is also worth noting that the economic downturn would be a tough test on companies’ sales quality. Companies with a high portion of credit sale with mounting receivables could be at risk amid the potential cash trap.
A random check shows that 75 listed companies or 8.2% have net gearing of over 100%. Sectors with the most companies in this category are logistics, construction, oil and gas, building materials and property development.
Others with net gearing of above 80% include power companies, telecommunications companies and building materials companies. Power producers’ liabilities are usually backed up by the steady cash flow from power purchase agreements.
On the flip side, notable sectors with low net gearing average include Internet and gas utility companies, and technology solution providers.
Of 79 generic companies with market capitalisation of above RM2 billion (ex-banks, real-estate investment trusts and insurers) only 22 have a cash ratio of above one times and net gearing of below 50%, led by Petronas Chemicals Group Bhd, Petronas Gas Bhd and IOI Corp Bhd.
As reflected by the price-to-book valuations, preference is given for companies with high cash, low debt, steady recurring income and high-quality clients, such as tech companies, and broadband providers.
There are also lesser-known small-cap companies that are cash-rich with sturdy past operations.
As a fund manager pointed out that a downturn is a brewing pot for merger and acquisition activities, as smaller, cash-rich companies with good assets or business prospects usually become undervalued after the market selldown.
The first quarter’s (1Q20) financial result will show how much cash was exhausted amid the two-week shutdown in the second half of March, while prospects of the entire half of 2Q20 being under movement restriction are still visible.

Posted by Joe > 2020-04-13 15:21 | Report Abuse

Buying oppurtunity 0.175 and below (0.17)

Posted by stingray_ea > 2020-04-13 15:29 | Report Abuse

sapu...............

Posted by iwantmymoneyback > 2020-04-13 16:24 | Report Abuse

will drop below 0.17?

Posted by Silent75 > 2020-04-13 16:33 | Report Abuse

Sienz... Cut oil also drop.. Now heading USD 31...if tmr drop below 30...armada will go below 0.15....i wonder why armada share price always drop... Lure us small investor to put in all money..

Posted by Joe > 2020-04-13 16:57 | Report Abuse

Need to make quick move in the morning

Posted by Joe > 2020-04-13 16:58 | Report Abuse

Clear position below 0.165

Posted by paktua73 > 2020-04-13 17:58 | Report Abuse

fuh paktua dok wait sampai leher jadi lenguh..
xmai juga 0.12

tut tut

Posted by signalmw > 2020-04-13 18:10 | Report Abuse

Ramai Tunggu 0.13...

Posted by up88up > 2020-04-13 19:42 | Report Abuse

Up trend

Posted by i3lurker > 2020-04-13 19:46 | Report Abuse

agree
sure uptrend coz Saudi increased may crude oil price or did it?

Posted by FoolsGold > 2020-04-13 19:51 | Report Abuse

today Up trend, tmrw may be chg trend, who knows ?

Posted by TAK1 > 2020-04-13 20:38 | Report Abuse

Someone is waiting preparing for idss to come dont want to let price go up and also down last week 20 cannot clear now 17 cannot drop even infront of eyes things look bad. Cannot buy Armada at above 12 cause shorty goner short u till 5 when they come in.

Posted by i3lurker > 2020-04-13 20:40 | Report Abuse

its actually very expensive to short whether IDSS or RSS
so shorties need a big drop to make profits

Posted by Investsucess Trader > 2020-04-13 21:15 | Report Abuse

Short selling send shivers to everyones......month ends....

Posted by Silent75 > 2020-04-13 22:39 | Report Abuse

As I say last week.. Corporate warning start... First is Ford... Estimate 600 M loss in 1st qtr... More to come... Hold tight all... Ready more bullet to buy armada... At lower price..

Posted by IvanC > 2020-04-13 22:44 | Report Abuse

paktua just wait abit more, your time will come. Just wait suicide team to go in first.