All will buy gloves stocks now, those with holding power can just hold? Who knows when oil price very high at the time covid settled, ppl will panic buy oil stocks
JoshuaMS7, MCO won't be extended never ending one... you can see the above, today's number of new Covid-19 cases was sharp plunged to just about 3,455 cases nia...
And First batch of Pfizer’s Covid-19 vaccine will reach Malaysia on 26th of February 2021 which is just about 3 more weeks to go...
So, i can said, no need to panic sell, just hold what ever you have and if got more bullets just top up more & more potential undervalue stocks like Sapnrg, once the Covid-19 is over, i believe will be in soonest of time. Once vaccine is implemented started by later this month, all undervalue stocks that you sailang definitely will give you an unbelieveable return of 100%, 500%, 1,000% or even more than that !
I think the timing, obviously market sentiment is weak, and I think this counter will be ready to move when the sentiment is right, when steady economy recovery is in sight and the Covid cases are not bothersome...
At the moment, the sentiment is just still down due to large number of COVID cases...
But you see, the announcement on debt restructuring is not out yet...and upcoming QR report etc...I think slowly piece by piece they are coming together, stable oil price, debt restructuring, high natural gas price, possible good QR...
I think the only missing piece now is the Covid...
NEW YORK: Oil prices rose 2% on Tuesday, reaching their highest in 12 months after major producers showed they were reining in output roughly in line with commitments. The global and U.S. crude benchmarks rallied as optimism about more U.S. economic stimulus added to bullishness from OPEC production levels, which rose less than expected in January. Brent crude settled up US$1.11, or 2%, at $57.46 a barrel, its third straight day of gains. During the session, it touched $58.05, the highest since January last year. U.S. oil gained $1.21, or 2.3%, to close at $54.76, after hitting a session high of $55.26, the highest in a year. Both contracts traded higher after the settlement, after the American Petroleum Institute, a trade group, said oil and fuel inventories were lower on the week. Crude output from the Organization of the Petroleum Exporting Countries rose in January for a seventh month but the increase was smaller than expected, a Reuters survey found. Voluntary cuts of 1 million barrels per day by OPEC's de facto leader, Saudi Arabia, are to be implemented from the beginning of February through March. Russian output increased in January, in line with the OPEC+ pact, while in Kazakhstan, oil volumes fell for the month. The rally picked up steam as the U.S. Congress looked ready to adopt an economic stimulus package, and as cold U.S. weather boosted heating oil demand. "You got the U.S. economic stimulus package that no one thought we would get," said Bob Yawger, director of energy futures at Mizuho in New York. The Democratic-led U.S. House of Representatives prepared to take the first step forward on President Joe Biden's $1.9 trillion COVID-19 relief package. A cold snap and heavy snow in the U.S. Northeast drove the margin for heating oil to an 8-month high of $15.84, lending further support to crude. U.S. distillate fuel stockpiles, including heating oil, fell in the latest week, according to the API. The group said gasoline and crude stockpiles also fell. Government figures are due to be released at 10:30 a.m. EST on Wednesday. However, energy giant BP flagged a difficult start to 2021 amid declining product demand, noting that January retail volumes were down about 20% year-on-year, compared with a decline of 11% in the fourth quarter. Oil demand is nevertheless expected to recover in 2021, BP said, with global inventories seen returning to their five-year average by the middle of the year. - Reuters
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....
Godofgambler
5,307 posts
Posted by Godofgambler > 2021-02-02 19:34 | Report Abuse
Veryyyyy soon rocket...
Oil price so high