This time damage is much less severe late last year, I still remember Friday drop to 70sen, I buy in, than announced MCO, Monday direct drop to 40sen, than 30 Sen .my money burn half.
"General Motors says it will make only electric vehicles by 2035, Ford says all vehicles sold in Europe will be electric by 2030 and VW says 70% of its sales will be electric by 2030.
This isn't a fad, this isn't greenwashing.
Yes, the fact many governments around the world are setting targets to ban the sale of petrol and diesel vehicles gives impetus to the process.
But what makes the end of the internal combustion engine inevitable is a technological revolution. And technological revolutions tend to happen very quickly.
more and more countries are opening for travelling, dun restrict urself to malaysia situation only. Will only get better, demand will surge pass the inreasing oil prodcution
not quite, for the past few weeks, when crude up, hibiscus may not up, but when crude down, hibiscus for sure will down... The latest crude at 70, hibiscus was around 0.74. Hopefully it's changing pattern for better now.
this counter is way undervalued. when oil price @ USD70 back in 2019, the share price is RM1.1. furthermore they have confirmed taken over all repsol asset in Peninsular, waiting announcement in June but sadly the price still not moving...haiz...
Compare to previously when oil up, this counter doesn't move much because the covid19 virus was still surging in the europe countries even the oil price up.
But this time, the sentiment is getting better on oil demand. European countries believe it is on its way to recovery after their mass vaccination shows covid19 cases start to drop.
The oil glut built up during the coronavirus pandemic has almost gone and stockpiles will slide rapidly in the second half of the year, according to an assessment of the market from an OPEC+ committee. A ministerial group is gathering in Vienna, before a full meeting that is expected to ratify a scheduled output increase for July.
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LittlePony
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Posted by LittlePony > 2021-05-26 16:49 | Report Abuse
Good profit also cannot up... What can do??