Posted by strattegist > 2021-03-11 17:20 | Report Abuse

closed green

Posted by dusti > 2021-03-11 21:10 | Report Abuse

Brent crude is now 68.78. Ready for a strong start tomorrow?

Posted by nikicheong > 2021-03-11 23:46 | Report Abuse

Visiting 50 sen soon :)

Posted by strattegist > 2021-03-12 00:41 | Report Abuse

lai kai lai... kfc kambing

Posted by Freshbreakout > 2021-03-12 00:41 | Report Abuse

Oil in play...ini kalilah 50sen!

Posted by EEEEEEEEH > 2021-03-12 07:39 | Report Abuse

Buyyyyyyy Hahaha

Posted by WinWin > 2021-03-12 08:08 | Report Abuse

Come... pagi kasi pecah 50, petang pecah 55!

Posted by bullmarket1628 > 2021-03-12 08:27 |

Post removed.Why?

Posted by MoneyMakers > 2021-03-12 08:40 | Report Abuse

Oil getting more expensive & going much higher..time for make 0.5 level our new home

Posted by DragonEyes > 2021-03-12 09:26 | Report Abuse

today going to break 0.49

Posted by strattegist > 2021-03-12 09:32 | Report Abuse

chef sulah masuk dapor kaaaa..

Posted by bullmarket1628 > 2021-03-12 09:35 |

Post removed.Why?

Posted by MoneyMakers > 2021-03-12 09:49 | Report Abuse

Not satisfied until 50 sen unlocked

Posted by dusti > 2021-03-12 09:53 | Report Abuse

Brent crude now 69.56

Posted by Alexloc04 > 2021-03-12 09:56 | Report Abuse

Armada.
Cheers.
Go...Go beyond 0.50.
Goreng more......

Posted by MoneyMakers > 2021-03-12 10:20 | Report Abuse

Wti holding strong 65.8 even with usd up..very bullish

Posted by nikicheong > 2021-03-12 10:20 | Report Abuse

Slow volume day, need volume to fly

Posted by MoneyMakers > 2021-03-12 10:31 | Report Abuse

Huge order queue..everyone just waiting for cheaper entry opportunity..need some sellers to boost higher

Posted by serpent100 > 2021-03-12 12:51 | Report Abuse

Super super hard to hit 50cents

Posted by strattegist > 2021-03-12 14:56 | Report Abuse

tight range movement

Posted by AnsonLiew > 2021-03-12 15:29 | Report Abuse

gogogo

Posted by IvanC > 2021-03-12 15:48 | Report Abuse

shark still collecting, next week sure break 50c

Posted by MoneyMakers > 2021-03-12 16:26 | Report Abuse

Oil holding strong even tho usd up

Posted by nikicheong > 2021-03-12 17:20 | Report Abuse

Very close, but +RM0.03 this week. Good. Slowly but surely!

Posted by bullmarket1628 > 2021-03-12 17:25 | Report Abuse

Oil prices climb 2% as dollar slips
Friday, 12 Mar 2021 7:54 AM MYT
https://www.thestar.com.my/business/business-news/2021/03/12/oil-prices-climb-2-as-dollar-slips

NEW YORK: Oil prices rose more than 2% on Thursday on a weaker dollar and expectations that a crude glut would be short-lived due to a steep fall in U.S. fuel stocks and a resumption of operations by Texas refiners.
Brent crude oil futures for May settled up $1.73, or 2.6%, to $69.63 a barrel while U.S. West Texas Intermediate crude for April ended the session $1.58 or 2.5% higher, at $66.02.
"The complex has recovered back to above yesterday's highs with major assistance from a weak dollar/strong equity combo," Jim Ritterbusch, president of Ritterbusch and Associates said.
"We feel that the energy complex could remain in a stall well into next week with WTI bounded roughly by parameters of about $63 to $68 before any renewed up-spike."
U.S. Treasury yields fell on Thursday as concern about a strong pick-up in inflation eased and focus turned to an auction of 30-year government debt. The dollar fell for a third straight day and was at its lowest level in a week against a basket of currencies.

Fewer than expected Americans filed new claims for unemployment benefits last week as an improving public health environment allows more segments of the economy to reopen.
A massive draw on U.S. gasoline stocks has also helped to boost oil prices, said Tamas Varga, senior analyst at PVM Oil Associates.
"(It) implies that refiners' crude intake will keep growing, reversing the recent stock builds we have seen in the last three weeks due to Winter Storm Uri."
U.S. gasoline stocks fell by 11.9 million barrels in the week to March 5 to 231.6 million barrels, the Energy Information Administration (EIA) said, compared with expectations for a 3.5 million-barrel drop.​
Crude inventories, however, rose by 13.8 million barrels in the week to March 5 to 498.4 million barrels, compared with analysts' expectations in a Reuters poll for an 816,000-barrel rise, as the nation's oil industry continued to feel the effects of a winter storm mid-February that stalled refining and forced production shut-ins in Texas.
Still, the Organization of the Petroleum Exporting Countries said in a monthly report demand will rise by 5.89 million barrels per day (bpd) in 2021, or 6.5%, up slightly from last month. But the group cut its forecasts for the first half.
Globally, stocks also remain ample with crude oil in storage at major land and sea hubs rising last week, according to analysts and ship trackers.
As the pace of inoculations picks up, several states such as North Carolina and California have moved to relax COVID-19 restrictions. - Reuters

Posted by zonefinder > 2021-03-12 17:28 | Report Abuse

Can live with a 3 cts gain per week. Huat ah!

Posted by bullmarket1628 > 2021-03-12 17:53 | Report Abuse

Today Brent Oil might break above USD $70 per barrel !
Huat ah, Heng ah, Ong ah !

Posted by strattegist > 2021-03-12 18:07 | Report Abuse

closed green

Posted by Alexloc04 > 2021-03-12 18:08 | Report Abuse

zonefinder:
3 cts means a lot.
If you have 100 lots (100k units). Each week you will gain 3k (paper gain).
Better than Office work.
Huat huat huat AH

Posted by MoneyMakers > 2021-03-13 12:19 | Report Abuse

Wti 65, brent 69..very stable range past 2 days

Posted by Ninja _07 > 2021-03-14 11:01 | Report Abuse

https://www.cnbc.com/2021/03/13/crude-to-100-trader-makes-the-case-for-a-spike-in-oil-prices.html

Posted by Joyce126 > 2021-03-14 14:37 | Report Abuse

Mon... break 50..close 53

Posted by strattegist > 2021-03-14 16:35 | Report Abuse

wait for the chef punya decision...

Posted by Alexloc04 > 2021-03-14 19:20 | Report Abuse

Tmrw start frying.
Frying with high temperature
High high

Posted by myboss > 2021-03-15 00:36 | Report Abuse

steady oil price control.

Posted by MoneyMakers > 2021-03-15 08:23 | Report Abuse

Gap up!

Posted by Robert Waters > 2021-03-15 08:48 | Report Abuse

Owners think that Kraken field is in decline ....

__________________________________________________
London-listed Cairn has agreed to sell its interests in the UK North Sea Catcher and Kraken fields to Waldorf Production Limited for a cash consideration of US$460 million plus additional contingent consideration dependent mainly on oil prices from 2021 to the end of 2025.

The consideration is subject to adjustments for working capital and other customary interim period adjustments from the economic effective date of January 2020.

Under the deal, Cairn will sell its entire 20 percent interest in the Catcher field and 29.5 percent interest in the Kraken field.

As already mentioned, the firm consideration of US$460 million. Additional uncapped contingent consideration dependent on oil prices and production performance from 2021 to the end of 2025: generating ~US$75 million at US$60 Brent and ~US$125 million at US$65 Brent.

The completion of the deal is completion currently expected in H2 2021

Simon Thomson, Chief Executive of Cairn said: "The divestment of our UK producing assets as they move into decline phase, will further strengthen our ability to pursue Cairn's strategic goals and position the company robustly for the decade ahead."

In a separate statement, Cairn, together with Cheiron announced the proposed acquisition of a portfolio of upstream oil and gas production, development and exploration interests from Shell in the Western Desert, onshore Egypt for a purchase price of US$646 million (US$323 million net to Cairn).

The deal also includes an additional contingent consideration of up to US$280 million (US$140 million net to Cairn) if certain requirements are met.

Capricorn Egypt, a subsidiary of Cairn, will take 50% of the assets, with the remaining 50% acquired by Cheiron.

Posted by MoneyMakers > 2021-03-15 09:00 | Report Abuse

Usd down, oil up, Armada up

If Armada down, add position or hold few days b’coz oil will moon

Easy

Posted by fudrud > 2021-03-15 09:25 | Report Abuse

Fields are always declining

Posted by MoneyMakers > 2021-03-15 09:32 | Report Abuse

Sharks just sapu 49.5..going much higher

Posted by LossAversion > 2021-03-15 09:32 | Report Abuse

Steady...

Posted by strattegist > 2021-03-15 09:36 |

Post removed.Why?

Posted by bullmarket1628 > 2021-03-15 09:45 | Report Abuse

Yes, Armada lai liao lai liao,
now Armada already at 0.50 +0.015 +3.1%

Huat ah, Heng ah, Ong ah !

Posted by Alexloc04 > 2021-03-15 09:57 | Report Abuse

Once Armada hit 0.50, will never go back.
All the way up
up
up

Posted by nikicheong > 2021-03-15 09:59 | Report Abuse

@Robertwalters, all fields go into natural decline after the first 1 or 2 years. Kraken is heading into natural decline. This is part of the design. It is still expected to generate over 35,000 bopd. Nothing to worry about. This can be confirmed in the production figures, which peaked in 2019 and have been steadily declining since.

Note: The decline is very steady. It's like a plateau more like.

Posted by zonefinder > 2021-03-15 10:01 | Report Abuse

Enjoy the ride guys. My target is 80cts by next qtr

Posted by bullmarket1628 > 2021-03-15 10:02 | Report Abuse

Wow, oil price continue it's uptrend !
Brent now already at $69.96 +0.78 +1.13%

Huat ah, Heng ah, Ong ah !

Posted by wehcant > 2021-03-15 10:06 | Report Abuse

The Kraken will crack again soon with it's entire fleet of Armada vessels.

Posted by HannahM > 2021-03-15 11:01 | Report Abuse

I know it’s hard to break above 50, but slowly try. I’ll wait for 75.

Posted by strattegist > 2021-03-15 11:17 | Report Abuse

enjoy my kfc... nyum nyum