With the ongoing pandemic crisis, political uncertainties, economic depression, hopefully sap could find a way to survive and recover its performance back like before. come onnnnnnn sap.
Biden win is good news. Shale (light crude and natural gas) production mainly for US consumption, e.g. gasoline and jet fuel, heating. Also, US has started to export LNG aggressively under Trump and affecting Petronas' traditional Asian markets like Japan, Korea, etc and lowering LNG prices. Biden also promised to rejoin Paris Accord. Very bad news for shale players in Permian basin. US still needs heavy crude mainly from Saudi for other derivatives / industrial applications. MBS and Putin will be laughing away ...
Biden 'Green' is a long term strategy, yea good for oil as his approach will make shale oil more expensive and expansion in US. This will decrease the. Thi is my 1 cent la
Maybe Exxon will not exit Malaysia to focus on Permian basin due to Biden the greenie. Hopefully Exxon exits and sells the business to either Sapura or Enquest. Sapura's production cost in Malaysian offshore is US$5/bbl, comparable to Saudi's onshore cost. Sapura uses US$35/bbl as internal budgeting, hence anything above US$35/bbl is good news. One of the options is callable perpetual bond for financing with PNB backing. Ex-Petronas bigwigs know what to do, just don't disturb them.
Joseph R. Biden Jr. achieved victory offering a message of healing and unity. He will return to Washington facing a daunting set of crises.
Joseph Robinette Biden Jr. was elected the 46th president of the United States on Saturday, promising to restore political normalcy and a spirit of national unity to confront raging health and economic crises, and making Donald J. Trump a one-term president after four years of tumult in the White House. Mr. Biden’s victory amounted to a repudiation of Mr. Trump by millions of voters exhausted with his divisive conduct and chaotic administration, and was delivered by an unlikely alliance of women, people of color, old and young voters and a sliver of disaffected Republicans. Mr. Trump is only the third elected president since World War II to lose re-election, and the first in more than a quarter-century. The result also provided a history-making moment for Mr. Biden’s running mate, Senator Kamala Harris of California, who will become the first woman to serve as vice president. With his triumph, Mr. Biden, who turns 78 later this month, fulfilled his decades-long ambition in his third bid for the White House, becoming the oldest person elected president. A pillar of Washington who was first elected amid the Watergate scandal, and who prefers political consensus over combat, Mr. Biden will lead a nation and a Democratic Party that have become far more ideological since his arrival in the capital in 1973.
SAPNRG is definitely one of the stocks to watch as it may form consortiums to buy Exxon's Malaysia assets that consists of 20% of oil production and 50% natural gas supply to peninsular Malaysia.
President Biden is favours to world trade ! World economy will start booming from today onwards ! And asian stock markets including KLSE will be in bull market from today onwards ! As at 2.10pm, Hang Seng : 26,095.46 (+382.49) (+1.49 %) Shanghai composite: 3,380.38 (+68.23) (+2.06 %) Nikkei : 24,912.31 (+587.08) (+1.41 %) Taiwan Weighted : 13,127.47 (+153.94) (+1.19 %) Korea Kopsi : 2,449.96 (+33.46) (+1.38 %) Singapore STI : 2,611.34 (+32.66) (+1.27 %)
acinanatucer SAPNRG is definitely one of the stocks to watch as it may form consortiums to buy Exxon's Malaysia assets that consists of 20% of oil production and 50% natural gas supply to peninsular Malaysia. 09/11/2020 11:06 AM
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....
strattegist
23,459 posts
Posted by strattegist > 2020-11-05 09:50 |
Post removed.Why?