Posted by MoneyMakers > 2021-03-18 08:46 | Report Abuse

Wti touched 63.5 yesterday..then us fed promised 0% rate/unlimited asset purchases until 2023..usd tanked & stocks/oil etc all recovered earlier losses

Posted by LossAversion > 2021-03-18 09:32 | Report Abuse

Chef tak buat goreng-goreng....steam?

Posted by strattegist > 2021-03-18 09:34 | Report Abuse

rebus...

Posted by Fintec > 2021-03-18 11:11 | Report Abuse

Tunggu, tunggu, tunggu....sampai matahari terbit di sebelah barat....tunggu roket sampai ke Pluto!!!!

Posted by detouch > 2021-03-18 11:18 | Report Abuse

Armada hopeless..hopeless

Posted by strattegist > 2021-03-18 11:34 | Report Abuse

drifting

Posted by Sheng93 > 2021-03-18 11:35 | Report Abuse

Run for ur life

Posted by drago_7 > 2021-03-18 11:44 | Report Abuse

Strong resistance at 0.45 ...

Posted by MoneyMakers > 2021-03-18 16:06 | Report Abuse

Ding2 wti 64 broke during asian session..lets see what europe/us do tonite

Posted by strattegist > 2021-03-18 17:09 | Report Abuse

closed red

Posted by pang72 > 2021-03-18 17:44 | Report Abuse

Time to get some Armada Ship liao...

Posted by pang72 > 2021-03-18 17:45 | Report Abuse

Oil oil oil....

Kita goreng oil ok...

Posted by pang72 > 2021-03-18 17:45 | Report Abuse

Tmr drop to 45c then we collect...

Posted by Jjkcl > 2021-03-18 17:55 | Report Abuse

Contra kaki tapao

Posted by Ninja _07 > 2021-03-18 21:35 | Report Abuse

Minyak jatuh

Posted by Ninja _07 > 2021-03-18 21:35 | Report Abuse

Brent 66.75

Posted by Sheng93 > 2021-03-18 22:03 | Report Abuse

Time to collect lower again start from tml and next week..

Posted by MoneyMakers > 2021-03-18 22:45 | Report Abuse

Oil breakdown - wti 62 & brent 65.5..not surprising with Europe/India reenter lockdown..still early lets see if this level holds tomorrow

Posted by emil > 2021-03-18 22:48 | Report Abuse

Oil price drop 4%, Armada could drop to 40sen tomorrow, better cut loss if bought at high

Posted by Godblessyou > 2021-03-18 23:49 | Report Abuse

oh man, thought i am lucky enough to enter this fleet at .45 & now its sinking... bloody hell...

Posted by pang72 > 2021-03-18 23:57 | Report Abuse

Yes! Let's us trap 8nside Armada...

Posted by pang72 > 2021-03-18 23:57 | Report Abuse

Another trap stock.. Hihi..

Posted by pang72 > 2021-03-19 00:05 | Report Abuse

Tmr buy more..

Posted by DragonEyes > 2021-03-19 00:18 | Report Abuse

yes please cut loss sell all...shark are waiting

Posted by Macgyver11 > 2021-03-19 06:31 | Report Abuse

Brent had slipped 8.01% to $62.55 per barrel

Posted by Macgyver11 > 2021-03-19 06:31 | Report Abuse

0.40 is coming.

Posted by JogYong Chia > 2021-03-19 06:47 | Report Abuse

Go Go Go Go Go H9e

Posted by CHLEONG888 > 2021-03-19 07:21 | Report Abuse

OMG ,Europe and India reenter lockdown, theme will be back to healthcare counters again

Posted by bursabursa > 2021-03-19 07:27 | Report Abuse

Good luck folks. Have a nice day

Posted by Keyman188 > 2021-03-19 07:59 | Report Abuse

Oil drops more than 7% in worst day since September

(PUBLISHED THU, MAR 18 20211:37 AM EDTUPDATED THU, MAR 18 20212:40 PM EDT)

Oil prices sunk for a fifth day running on Thursday on a stronger dollar, a further increase in U.S. crude and fuel inventories and the weight of the ever-present COVID-19 pandemic.

Brent crude slid 6.94% to settle at $63.28 per barrel. U.S. oil settled 7.12%, or $4.60, lower at $60 per barrel, after shedding 0.3% in the previous session. Both contracts are down 6% over the past five days.

“Short-term developments - stuttering vaccine rollouts and the build in U.S. oil inventories - are driving sentiment, but the longer-term oil outlook is still encouraging,” said PVM Oil Associates analyst Tamas Varga.

“Yesterday’s U.S. Federal Reserve meeting provided a boost to equities ... U.S. economic growth has been revised upwards while unemployment is expected to decline.”

A sharp rise in the value of the dollar after the Fed meeting has also driven the oil sell-off.

Government data on Wednesday showed U.S. crude inventories have risen for four straight weeks after severe cold weather forced shutdowns at refineries in the south. An industry report estimating a decline had raised hopes of a halt to the gains.

U.S. crude inventories rose by 2.4 million barrels last week, the U.S. Energy Information Administration (EIA) said on Wednesday, a day after the American Petroleum Institute (API) estimated there had been a 1 million barrel decline.

Varga added the market would be waiting for U.S. manufacturing data next week for further indications on the health of the world’s largest economy.

“Lower crude demand from Asian buyers as a result of upcoming refinery maintenance and probably higher prices is also something not helping crude at the moment,” said UBS commodity analyst Giovanni Staunovo.

A slowdown in some vaccination programmes and the prospect of more restrictions to control the coronavirus have tempered expectations for a recovery in fuel use.

Britain said on Thursday that global supply bumps meant its vaccine rollout would be slower than hoped in the coming weeks but it expects deliveries to increase from May.

A number of European countries have halted use of the AstraZeneca shot because of concerns about possible side effects, though the World Health Organization said Europe should continue to use the vaccine.


## https://www.cnbc.com/2021/03/18/oil-markets-us-stockpile-build-demand-worries.html

Posted by Keyman188 > 2021-03-19 07:59 | Report Abuse

Oil prices plunged due to :-

1) Higher US inventories

2) 2.4 mil barrels last week

3) Rising covid-19 cases in Europ

4) Slowdown in vaccination

Posted by MM78 > 2021-03-19 08:19 | Report Abuse

As long as Armada is producing profit of around RM 120 millions and above per quarter and above , it’s share price is under values below 80 sen to RM 1.00 in my opinion ; not too worry for its share price short term fluctuations. It’s healthy cash flow is paring down its debt fast. Good oil price may mean less chance of impairment of its OSVs values and more hiring opportunities. Chance to collect more Armada if it drops further.

Posted by MoneyMakers > 2021-03-19 08:33 | Report Abuse

Woww what a waterfall (oil/Nasdaq/S&P/ Russell) with potential for even lower..deja vu March crash last year

Posted by Freshbreakout > 2021-03-19 09:11 | Report Abuse

Lagi sekali orang gelabah dengan short term price down. Cut loss lagi cut loss lagi, sampai ke sudah kau rugi memanjang sbb react dgn short term sentiment.

Posted by bullmarket1628 > 2021-03-19 09:22 | Report Abuse

Oil spike up like mad !
Brent now at $63.48 +0.73 +1.16%

Huat ah, Heng ah, Ong ah !

Posted by MoneyMakers > 2021-03-19 09:26 | Report Abuse

Nice got even lower entry than last round..oil may weaken tonite but should recover next week..too cheap to ignore

Posted by dusti > 2021-03-19 09:30 | Report Abuse

Don’t talk too much. You are not that rich.

Posted by pang72 > 2021-03-19 09:57 | Report Abuse

Add more

Posted by strattegist > 2021-03-19 09:59 | Report Abuse

red

Posted by nono_hardi > 2021-03-19 12:08 | Report Abuse

be careful this stock, should throw now

Posted by nono_hardi > 2021-03-19 12:09 | Report Abuse

will drop till 0.395 then observe it whether to rebound

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

Is it good time to buy now? Will it still drop?

Posted by Delimas90 > 2021-03-19 12:56 | Report Abuse

Armada Is a good counter to invest for..it might be spike up back to yesterday price...

Posted by GGecko > 2021-03-19 14:06 | Report Abuse

Not at the current oil price which hovers around USD 63 now. Got to climb back up for armada's price to go back to early this week's level

Posted by GGecko > 2021-03-19 14:55 | Report Abuse

Oil is still bearish at this moment, may want to stay at the sideline first

Posted by itch > 2021-03-19 15:18 | Report Abuse

Oil price does not affect BA directly. Most of its income is from the FPSO which are doing very well and generating very good cash flow. Its FPSO business is not affected as its not based on oil prices.

As long as oil price is above USD40 to 45, its clients will make money, and BA fundamental remains the same.

Posted by TedTock > 2021-03-19 15:19 | Report Abuse

It’s just sentiment at the moment. Once Petronas dishes out the contracts things will move upwards.

Posted by GGecko > 2021-03-19 15:33 | Report Abuse

Sentiment it is, that is what matters at the moment, n oil is the yardstick used at the current bearish sentiment for armada n other O&G counters

Posted by MoneyMakers > 2021-03-19 15:33 |

Post removed.Why?

Posted by strattegist > 2021-03-19 15:35 | Report Abuse

red