Posted by stevenckheng > 2021-02-05 14:28 | Report Abuse

high production, high demand, high oil price, very good

Low production, low demand , high oil price, is that good?

Posted by IronShirt > 2021-02-05 15:23 | Report Abuse

problem not Sap, problem is Institutional Buyers concentrate on Shorting Glove Counters. With
5% available Funds, how to move Sap....Need Foreign Funds to start buying then local funds
will give up Glove counters and start chasing Oil counters

Posted by Newbiie93 > 2021-02-05 15:46 | Report Abuse

Agree with ironshirt. Just have a look at KL energy index, then you will know there's no money flowing into energy sector.

Posted by UlarSawa > 2021-02-05 15:53 | Report Abuse

so long still no goreng kfc kah. Control until very very tight range. 11.5/12 and 12/12.5. want to have kfc also very tough now. Correct?

Posted by Akirapanther > 2021-02-05 15:53 | Report Abuse

Good time for me to collect now. Before others start chasing this counter.

Posted by traderfiq > 2021-02-05 15:58 | Report Abuse

tight call.
wonder the fight could end

Posted by strattegist > 2021-02-05 16:00 | Report Abuse

correct correct correct

Posted by JoshuaMS7 > 2021-02-05 16:08 | Report Abuse

60 usd oil price with 0.12 worth to buy!!

Posted by Akirapanther > 2021-02-05 16:28 | Report Abuse

I believe in the new ceo Datuk Anuar Taib. He will surely do a miracle.

Posted by wehcant > 2021-02-05 16:48 | Report Abuse

Next week, fund will flow into energy sector. SAPULAH ya jangan tak sapu. Nanti rugi.

Posted by JoshuaMS7 > 2021-02-05 17:43 | Report Abuse

@wehcant where the news come? But tonight oil seems another bullish trend to cross 60 usd!! 70 usd possible for this year!

Posted by meadow1628 > 2021-02-05 17:50 |

Post removed.Why?

Posted by cashflow > 2021-02-05 18:06 | Report Abuse

I have 200K worth of long position. I’ll keep until price bull towards 30 cents.

Posted by JoshuaMS7 > 2021-02-05 19:14 | Report Abuse

Let's wait covid cases reducing and vaccine out coming soon!

Posted by JoshuaMS7 > 2021-02-05 23:44 | Report Abuse

https://paultan.org/2021/02/05/2021-february-week-two-fuel-price-all-up-once-more/

Posted by cashflow > 2021-02-06 00:04 | Report Abuse

All global oil counter stock rallied. Next Monday all goreng team Sapula

Posted by genfinder > 2021-02-06 02:17 | Report Abuse

The country that consume the most oil, USA, is now changing to green and renewable energy. Biden policy is to go green and kill fossil fuels.. total opposite of Trump

China is ramping up on EV as well.

Electric Vehicle, Solar and Wind power, Hydro power is the new source of energy and upcoming thing.

O & G if can exit, exit now before its too late,,if you want to stay and be the hero last man standing, also can. Up to you.

Posted by strattegist > 2021-02-06 08:01 |

Post removed.Why?

Posted by driller71 > 2021-02-06 08:03 | Report Abuse

https://oilprice.com/Energy/Energy-General/Fossil-Fuels-Arent-Going-Anywhere.html

Posted by driller71 > 2021-02-06 08:16 | Report Abuse

I've been in the O&G for the past 30 years & every year "experts" have been saying that it's a dying industry. O&G is a cyclic business, yes that's true. But not dying. Dont be fooled by the so called "experts". All the green & renewables will not be able to support global energy requirement for industries & daily life needs. Let's see if solar can be used to make all your daily life items that are fossil fuel based.

The majors might be realigning their focus to renewables to diversidy, but the core business is still fossil fuel. Check out Petronas...more drilling activities are being planned for many fields in the coming years.

I've gone thru downturns in 1998, 2003, 2008, 2014 and now 2020 (due to Covid). It's cyclic, the industry has rebounded and it will rebound again. Covid will be gone one day....just like many pandemics before. Just enjoy the ride folks...

Posted by wehcant > 2021-02-06 08:25 | Report Abuse

@JoshuaMS7, just my observation based on the Bursa energy sector chart. If not next week, probably the following weeks. I am betting on it. A laggard sector can never stay idle forever. It will rebound eventually.

Posted by driller71 > 2021-02-06 08:35 | Report Abuse

As an investor, dont be too attached to the O&G counters... but, when it's under cyclic downturn, you buy. Ride it out, once it's uptrend, sell. You'll be happy with the returns.

Posted by genfinder > 2021-02-06 08:45 | Report Abuse

Just don;t hang in there and forget to exit. major paradigm shift is underway

Posted by strattegist > 2021-02-06 09:51 |

Post removed.Why?

Posted by driller71 > 2021-02-06 09:56 | Report Abuse

That's true....that's why should not be too attached to the O&G counters as it's a cyclic industry. Now it's under downturn... time to buy & ride out the cycle. Once it's uptrend, don't dream of becoming multi billionaire like John D. Rockefeller by hanging in there too long. Exit with the handsome return. When to exit? That you have to do the research, follow the market supply & demand lah. It's your own due diligince.

Posted by IronShirt > 2021-02-06 10:04 | Report Abuse

Green energy initiate Investments is High therefore cost per kwh is beyond heavy users liking.
Just imagine China is reverting back to cheap Coal (more license issued this year of pandemic )
China said All petrol Car production will Stop in 2035 ( 15 years from now ) In 15 years, China
Car number are More than its population..It would takes another 10years for Old petrol Cars to
Die naturally......Give or take Petrol Car will be in China for next 25years

3/4 of World population is in Asia and Africa, so far Not even Malaysia said Anything about phasing
out Petrol Cars. All those "White Boys" talk alot.....Covid vaccine also DonT want to share with
with poorer Countries....as my Boss said, they just found that Africa has the largest Oil Deposit
in the World on Land, all this Liquid Black Gold will Not stay inside the Ground if it is Cheap and
lots of demand

Posted by Jeffreyteck > 2021-02-06 13:40 | Report Abuse

Interesting. Hopefully no management withdrawn around 60 m remuneration again.

Posted by theoxwalker > 2021-02-06 18:42 | Report Abuse

It's fair value for the price is RM0.025, it's overvalued by 372.5% (RM0.12). Take care mate.

Posted by drkelvin20 > 2021-02-06 19:02 | Report Abuse

@theoxwalker...if the fair value is RM 0.025and this stock is so much overvalued, what is the logic the big fund bought a huge volume end of last year??

The big fund does not have analyst to analyze this stock worthiness?

Posted by wehcant > 2021-02-06 19:59 | Report Abuse

It's only a matter of time the volcano erupts. But when it does, it's hard to chase.

Posted by Newbiie93 > 2021-02-06 20:32 | Report Abuse

@wehcant I can't wait to see that happened. Already camp for so long

Posted by Godofgambler > 2021-02-06 20:33 | Report Abuse

Heard insider news 0.40 coming
Guarantee

Posted by strattegist > 2021-02-06 21:18 |

Post removed.Why?

Posted by JuliusCeasar > 2021-02-06 21:24 | Report Abuse

Next week most probably this SAPNRG would go up.... No doubt about it if oil price hit USD 60 per barrel.....

Posted by Anthony Liu > 2021-02-06 22:08 | Report Abuse

0.025? sure bo, if really i buy as much as i can
sure bo haha 0.40 coming , macam hard to believe, although i m very happy

Posted by Trader Lo > 2021-02-07 00:59 |

Post removed.Why?

Posted by wehcant > 2021-02-07 08:12 | Report Abuse

@Newbiie93, patience will be rewarded handsomely.

Posted by wehcant > 2021-02-07 08:22 | Report Abuse

.
AmInvest's TP (17/11/2020) 0.05
AmInvest's TP (08/01/2021) 0.29

In such a short span of time, target price is revised.
See how not to trust the analysts?
Whom should we trust then?
I only trust the price, volume and the momentum.

Posted by JoshuaMS7 > 2021-02-07 10:04 | Report Abuse

@wehcant because last few months they expected Brent trade between 30-40 usd at year 2021 because of covid second wave. Now a lot analysts said Brent will be traded between 50-60 usd then they revised again. Later oil price break 70 usd then they will revise again to higher share price! Wait patiently, I don't believe oil price no effect for oil stock since lot forum ppls said they are not related!

Posted by Godofgambler > 2021-02-07 10:48 | Report Abuse

Oil price super high...
Tp0.40 coming
Insider news.

Posted by ruhaizat69 > 2021-02-07 11:02 | Report Abuse

Buy xrp crypto better then stock

Posted by Godofgambler > 2021-02-07 14:31 | Report Abuse

Oil going to volcano soon

Posted by strattegist > 2021-02-07 14:37 |

Post removed.Why?

Posted by Godofgambler > 2021-02-07 16:47 | Report Abuse

Volcano Mari TP0.40

Posted by super99 > 2021-02-07 17:19 | Report Abuse

Mari Mari TP0.4

Posted by wehcant > 2021-02-07 17:55 | Report Abuse

@JoshuaMS7. Let's see if the brent crude will test the 65usd in the near future.

Posted by JoshuaMS7 > 2021-02-07 20:48 | Report Abuse

@wechat yes, i will not sell my shares anyway, this counter seems got lot spaces to up since the oil price is confirmed bullish trend and vaccine will be starting to inject in malaysia end of this month!

Posted by amirsyam1001 > 2021-02-07 22:45 | Report Abuse

If dollar index is back below 70 this year. We may see oil is breaking 100. If ya if..whole commodity had super inflation. Due to weak dollar.

Posted by cashflow > 2021-02-08 00:45 | Report Abuse

Monday = Moonday

Posted by izoklse > 2021-02-08 00:53 | Report Abuse

need to observe this since Brent heading to 60 USD and above.