BennyWhittman Your advice is spot on Bro. Keep up the good work guiding the juniors.
Zhang Thanks for the updated article. Your questions are genuine concerns. When to take profit is indeed a very challenging question to answer especially in a volatile market scenario. I personally will hold for the longer term just to give chance a chance !!!!
hehe i told you so yesterday. see now oil price flying. Putin will make sure oil price fly high to send US and EU economy into recession. Now Ukraine calling for EU helps to accept them in EU and Join NATO but non of the EU member willing to say anything because they know if they accept Ukraine into EU and NATO...it will send a signal of open war against Russia and they know what that means to the whole European economy where Putin can just stop supply of gas to the whole Europe which their economy depend on 50% of Russian Gas supply to avoid hyper inflation which can destroy EU economy and send them back to recession. EU cannot afford another recession after Pandemic hits EU economy badly.
heheh now you see the magic....NIMEX is getting closer to BRENT. hahah that is the indication that US now in a huge problem because energy price are very high and fed have no choice,,, The only hope for US and EU now is OPEC and released their strategic reserve which in a situation of war is not an option. While OPEC would just seat and watch the movie as they enjoy this super high price.
Hibby consolidating at 1.22 to 1.28 is good for the long term. Means the price is set on strong foundation and the bedrock of next impetus to higher levels. May test new high earlier of 1.33 but falling below 1.20 is most unlikely. Last Thursday 240 million shares traded well absorbed and not spewed out again. Holders are stronger and looking forward to better future for Hibby.
Oil prices at $105 to $115 is nothing compared to the fear gripping WS which thinks Oil could reach $125 soon.
The scenario might not be surreal since Sanctions are blocking easy flow of Oil trade with Russia. Imagine the retaliation from Putin to close the valves and demand Cash upfront to Proxies to other countries! Oil supplies would trickle to smaller streams of ink from your pen-is.
Benny was right, OPEC+ is lead by Moscow, even Saudi Arabia is U.S ally, but Biden F it up with them. U.S will be releasing 60mil barrels from reserve, but it's only equivalent to 6days of Russia output. Unless, there is a surprise from OPEC later, or else oil price will continue to go north
Russia facing severe hurdles in selling their oil - already 2 auctions by Surgutneftegas had no takers - buyers are shying away. Oil prices will continue to shoot up !
Go for Petchem - both Oil n Gas (Petronas) n Plantations (fertilizers)!
Based on our study, PetChem has the highest stock price correlation to Brent crude oil prices. If anything, given the recent strong rally in oil prices, we believe PetChem can serve as a trading proxy for investors looking for exposure to oil prices within the sector, noted Kenanga in a report last Friday.
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Posted by kakiminyak > 2022-03-01 23:01 | Report Abuse
BennyWhittman
Your advice is spot on Bro. Keep up the good work guiding the juniors.
Zhang Thanks for the updated article. Your questions are genuine concerns. When to take profit is indeed a very challenging question to answer especially in a volatile market scenario. I personally will hold for the longer term just to give chance a chance !!!!