it will be lingering around 0.165 - 0.180....bosses didnt accumulate enough. MIP at 0.20 and 0.78 recently....the CEO will push the price....AK also will but not now
yesterday EMA 5 crossover EMA 20 at 0.17 => a confirmed uptrend if oil price continue rally.
next will be SMA 10 (0.169, moving upward) to crossover SMA 50 (0.183, moving downward), once crossover done, next 3 resistance will be 0.205, 0.23, 0.28.
yes done sold back partially at 0.185,0.18 just secure back capital.. lock some good profit.. its only tactical step for more abilities.. to fight more later..
tut tut we stick with own Style..play with own method
Since Armada is still waiting for break out, today I'm getting bored. Too much Goyang kaki since last week. So I decided to visit Dialog and Yinson Battleships.
Despite the gloom and doom in the O&G sector, Dialog Group Bhd stands out as one of the potential winners due to its storage capacity. Due to the oversupply situation of crude oil currently in the market, storage has become a crucial part of the value chain.
Additionally, large vessel players such as BUMI ARMADA BHD and Yinson Holdings Bhd are expected to benefit due to the increase in crude oil storage. Miss Syura reckoned that most of these floating production, storage and offloading vessel players have already locked in long-term contracts. Based on this information, I decided collect Dialog and Yinson as my latest collections.
Dialog and Yinson completed my end to end O&G Supply Chain. My Armada Fleet of 18 Battleships are now ready to face this War on Terror. This Armada will be supported with Jet Fighters from Air Asia and Air Asia X.
Dialog’s prime land in Pengerang, operating track record, financial strength and management acumen are enablers for capitalizing on the demand for storage terminals in Asia. Developing its Phase 3 capacity should spur its mid-term growth and franchise value, as the operator of a strategic hub akin to Rotterdam. Its ability to declare constant dividends, at 40% DPR stands out among peers. Optimising its Phase 3 project alone would elevate our SOTP-based TP by 64% to MYR5.90. Here is the snapshot of Pengerang deep-water terminals.
Bumi Armada and Yinson are the Top 5 FPSO operator in the world by fleet size. Operating presence in Asia, Africa and Europe. FPSO’s contracts are bankable, providing steady visibility (long-term charters, termination protection) with reasonable project IRRs. Captain Mabel’s dream is to merge these two companies and create the Biggest FPSO Operator in the World.
Bumi Armada and Yinson FPSOs tender pipeline are strong. Winning jobs is a catalyst. Malaysian players are expected to benefit from a pick-up in FPSO activity between 2018 to 2021.
When I was small, I love watching Dallas with Daddy. Now I feel like part of the Erwing Family..
The Erwing also loves big ranches and automation. That’s why I also love the Plantation and Technology Stocks. Today I also collected KL Kepong Plantation as my latest addition in my Plantation sectors. Our mission is to feed more than 3 billion people in more than 200 countries. Latest news is India will be buying back our Palm Oil..
Brent oil price, the international benchmark, rises around 6% Crude oil futures climbed sharply on Thursday, at least partly supported by Saudi Arabia’s decision to lift prices to help stabilize values, while China’s appetite for the commodity picked up in April compared with prior months. Saudi Arabia, the most influential member of the Organization of Petroleum Exporting Countries, is raising crude prices for its customers world-wide, according to Bloomberg TV.
Meanwhile, China’s imports rose to 10.42 million barrels a day in April from 9.68 million in March, according to Reuters data. Overall imports for the world’s second-largest economy and the biggest oil importer were down 14.2% from the year-ago period. However, exports from the country grew an unexpected 3.5% from the previous year. That data combined with hope of a slowdown in production by global oil producers and a gradual revival of economies around the globe after restrictions due to the COVID-19 pandemic are lifted are expected to eventually lift crude prices. “Oil is ruining up on hopes on rebounding demand,” wrote Peter Cardillo, chief market economist at Spartan Capital Securities in a daily research note. West Texas Intermediate crude for June delivery CL CLM20+9.38% on the New York Mercantile Exchange, rose $2, or 8.3%, to $25.99 a barrel, after settling 2.4% lower on Wednesday, which snapped a five-session streak of gains. Global benchmark July Brent crude UK:BRNN20+5.99% picked up $1.54, or 5.2%, at $31.26 a barrel on ICE Futures Europe, following a 4% decline in the prior session.
The EIA reported Wednesday that U.S. crude inventories rose 4.6 million barrels for the week ended May 1. The data, which excludes changes in the SPR, marked a 15th consecutive weekly rise, but was smaller than the average increase of 7.1 million barrels forecast by analysts polled by S&P Global Platts. Investors are also digesting the U.S. weekly jobless claims data Thursday which showed more than 3 million Americans lost employment, adding to the already 30 million figure that has been racked up over the past six weeks. Some signs of easing tensions between China and the U.S. may also be providing a lift to crude prices, as Bloomberg News reported on Thursday that U.S. trade negotiator Robert Lightihizer and his counterpart Liu He are scheduled to have a call to discuss progress on a phase-one trade deal between the countries that had looked in jeopardy of being quashed by President Donald Trump.
Breaking news: Saudi Arabia has directed Aramco to cut an extra 1 million bpd to its opec plus cuts which brings the kingdom's targeted production in June to 7.492 million bpd
Mabel Since Armada is still waiting for break out, today I'm getting bored. Too much Goyang kaki since last week. So I decided to visit Dialog and Yinson Battleships.
Additionally, large vessel players such as BUMI ARMADA BHD and Yinson Holdings Bhd are expected to benefit due to the increase in crude oil storage.
Bumi Armada and Yinson are the Top 5 FPSO operator in the world by fleet size. Operating presence in Asia, Africa and Europe. FPSO’s contracts are bankable, providing steady visibility (long-term charters, termination protection) with reasonable project IRRs. Captain Mabel’s dream is to merge these two companies and create the Biggest FPSO Operator in the World.
Bumi Armada and Yinson FPSOs tender pipeline are strong. Winning jobs is a catalyst. Malaysian players are expected to benefit from a pick-up in FPSO activity between 2018 to 2021.
Mabel... above are extracts from your piece... Salute you Mabel... Like you, I am also busy collecting Armada... My fleet of Armada are getting bigger and bigger...
Armada will soon be 0.35. Mark my words .... Why ? More and more countries are opening up their economy.... More and more oil will be needed. More and more storage will be needed... Oil price will go up....
Need some more ? Then more Armada... Cheers Mable... and good to see you again....
I also used to follow daddy watching Dallas... we belong to those era....
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....
investortrader88
3,233 posts
Posted by investortrader88 > 2020-05-05 15:27 | Report Abuse
WTI CRUDE
24.67
+8.30%
BRENT CRUDE
29.09
+6.95%