oil giants slowly exiting black gold kah. going clean towards clean energy kah. Petronas also spiwly entering clean energy also. Ini macam black gold habis lah. In long run sapnrg also entering clean energy also lah. Correct?
We donT know for sure in 30yrs time, Green energy can replace 50% of Oil requirement for heavy Industrials usage. We cannot even make high quality steel Bar unless certain Coal is used. Alot of uncertanities, Experts give too much Hype bcos they are paid to say so (from solar panel manufacturer and wind Mill generator factory and some 14yrs Old running around and claim they canT breathe )
This week you will see all IB and Investor coming to attack oil & gas counter. The reason they believe price of brent will surpass 70 USD because many oil & gas company not planning to restart drilling or operation anytime soon as they see covid 19 situation not really stable yet even with the introduction of vaccine. However everywhere in the world storage now going into lower level. No Production. No Supply increase. Many rigs still on ideal and not going to restart anyway soon. You are seeing oil price now sky rocketing. Even Many Opec Nation want the price at least at 80 USD for them to survive and cover their budget and stimulus.
You see even with 12 week increase in rig count also cannot help because they are way below than rig count in march 2020 and short of 2.1 million bpd. Shale producer are very careful now because they are in huge debt and some of them are already option for bankruptcy. The glory day of shale oil is over with the exit of Trump. Biden taking way deferent approach and he is not keen to continue many of trump administration decision especially on oil & gas. That is why many shale producer now on wait and see mood.
Now trading week after CNY. All big money will enter this counter. It will be top volume in Bursa today. Just get your tickets ready. I am anyways keeping for long term. KFC not enough for me.
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....
UlarSawa
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Posted by UlarSawa > 2021-02-14 10:16 | Report Abuse
oil giants slowly exiting black gold kah. going clean towards clean energy kah. Petronas also spiwly entering clean energy also. Ini macam black gold habis lah. In long run sapnrg also entering clean energy also lah. Correct?