I don't think oil price will effect BA.. their source of revenue has been contracted, as long as their clients are not defaulting payments, BA is pretty safe. not sure how to justify BA's share price move along with oil price.
BA is a midstream company in oil industry. Usually oil price doesn't affect midstream companies directly though. It's usually based on several other factors as well
unlikely, most of Bumi's debt is USD so you're looking at LIBOR-pegged lending. any interest cost savings would already be priced in since the Fed cut rates to zero.
Secretary of Energy Dan Brouillette has a message for thousands of U.S. oil and gas workers laid off during the recent oil bust: “Remain strong.”
“This is an industry that will come back, and it will come back very, very strong,” Brouillette said Friday in Houston. “These are difficult times for all Americans, but this industry will return.”
Economy will recover drastically soon. Just stay positive guys. Arigato
Stock futures climbed higher in overnight trading on Tuesday after Moderna said its coronavirus vaccine produced antibodies in all patients in an early trial, raising hope for a faster economic recovery. Futures on the Dow Jones Industrial Average jumped 250 points, pointing to a 220-point gain at Wednesday’s open. The S&P 500 futures and the Nasdaq 100 futures rose 0.5% and 0.3%, respectively.
Inspired of last down trend , arab SAUDI return savage teeth back , courage revenged the first time in world , gap up non stop , every day just up trend , duration about a couple month , heading 100 per barrel , OIL PRICE is back to fierce mode .
Confirm reliable source say , will rise to such figure before close today , PM speak , benefit ore stock in future , PM 4.00 announcement on country economic performance .
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....
nasrulfahmi
591 posts
Posted by nasrulfahmi > 2020-07-03 20:48 | Report Abuse
no gud news