@Investor128 should have been sold off already by Feb'22. It only has 3 OSVs left (which should be inconsequential to their financial performance / impact from sanctions) and their FPSO biz does not operate in Russia
The entire world is crumbling..oil price is climbing at costs that no consumers can absorb….stock market will crumble like before when oil hit 120…it is not incremental porpotions to he rise of oil price
Bumi Armada has sold their three ice-class vessels to Russian player in January 2022. As at now, Bumi Armada hold no asset in Russia. Assets in other countries still maintained.
Shouldn't be lukoil project. Must be another reason. Trend for this week shows most of o&g companies drop. Today as at now Yinsoon droped 0.20c, dialog (dropped 0.06c), petgas dropped 0.22c, carimin, velesto knm and deleum...almost all o&g counters hit badly. Why why why whyyyyuu?
They sell their shares to keep cash in hand. Due to Russia-Ukraine tension. But anything can happen. We will take this opportunity to buy at lower price. Buy and keep for next 2-3months.
I think they sell because they afraid Malaysia people need to go to War. Their mindset already contrl by Russian / Ukraine people ...I guess bilisutara
They sell their shares to keep cash in hand. Due to Russia-Ukraine tension. But anything can happen. We will take this opportunity to buy at lower price. Buy and keep for next 2-3months.
Haa.. haaa... Why should we put our life in risk? Both Russian n Ukraine have their own agenda. Elok kita tolong orang kena banjir di Lembah Kelang. Betul tak?
bilisutara As of Dec2020, Bumi Armada has huge amount of bank balances in Russia. Not sure whether they managed to remit out of the country before the currency collapsed.
If only Bursa requires all listed co to announce their exposure and contribution from that two countries, then it will be easier for investors to decide how to invest
How to support.... Orang malaysia jual saham malaysia ....duduk dekat malaysia yang tak ada kena mengena dengan perang russia - ukraine.. orang malaysia takut kena bomb ke
WASHINGTON ? President Joe Biden announced Tuesday that the U.S. will target "the main artery of Russia's economy" by banning the import of Russian energy products. "We're banning all imports of Russian oil and gas and energy," Biden said in remarks from the White House. "That means Russian oil will no longer be acceptable at U.S. ports and the American people will deal another powerful blow to Putin's war machine."
The president warned that the move would probably increase gas prices in the U.S., but that it was necessary to ramp up sanctions pressure on Russia's economy for its war on Ukraine.� ?Putin's war is already hurting American families at the gas pump," Biden said. "I?m going to do everything I can to minimize Putin's price hike here at home.? Biden's language clearly anticipated a concerted Republican effort to blame him directly for the rise in gas prices, which hit a record in the U.S. on Tuesday. With gas prices certain to become a huge political issue in this year's midterm elections, Biden devoted much of his remarks to focusing American anger directly on Putin, while also encouraging U.S. energy companies to produce more domestic oil. The president said the U.S. had made the decision to ban Russian energy products "in close consultation" with allies around the world, particularly in Europe. He said many of those partners may not be able to take the same action. "The United States produces far more oil domestically than all of Europe," said Biden, who said the U.S. is a net exporter of energy. "We can take this step when others cannot, but we're working closely with Europe and our partners to develop a long-term strategy to reduce their dependence on Russian energy as well."
BENGALURU, March 8 (Reuters) - Oil prices settled around 4% higher on Tuesday as the United States banned Russian oil imports and Britain said it will phase them out by year end, decisions expected to further disrupt the global energy market where Russia is the second-largest exporter of crude. Oil prices have surged more than 30% since Russia invaded Ukraine, and the United States and other countries imposed a raft of sanctions. Russian oil and gas exports were already being shunned before the ban as traders sought to avoid running afoul of future sanctions. U.S. President Joe Biden announced a ban on Russian oil and other energy imports. Britain said it will phase out the import of Russian oil and oil products by the end of 2022, giving the market and businesses time to find alternatives.
Brent crude futures settled at $127.98 a barrel, 3.9% higher, while U.S. crude futures settled at $123.70 a barrel, a 3.6% increase.
Russia ships 7 million to 8 million barrels per day of crude and fuel to global markets. European allies are not expected to join the United States in the ban, but major buyers there are already shunning Russian oil. Shell, the one notable major that did buy Russian crude, faced a torrent of criticism, including from Ukraine's foreign minister. On Tuesday, Shell said it would no longer buy Russian oil. The disruption could ripple through other energy markets, as Russian oil and products are used for refining into other goods...
So, now US ban russia oil, means what, armada exposure of that so called project in russia gone case, so drop till like this? seriously any impact wan or not?
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....
KL1900
40 posts
Posted by KL1900 > 2022-03-08 14:42 | Report Abuse
Selling is high