Once Oil Hit 70, foreign fund will return in Large numbers. Reason simple. Got petrol money to spend on projects. Even HSR to Singapore can start again
Pre-Covid, Armada rallied 50 over cents, and Sapura traded at 25 cents. It’s now or never folks. No one would have thought that Brent can rally from 50 ish to 70 within a month.
Let say: 1. Oil price at USD 70 consistently in a year 2. Max production cost per barrel = USD 53 3. Net profit per barrel = USD 17 4. Currency Conversion rate USD 1 = RM 4.05
So, net profit = 40,000× USD17× RM 4.05×365 = RM 1,005,210,000
Approximately about RM 1 BILLION a year.
This is just my view. For sure it is not accurate. Anyone can share your idea.... Idea and view is welcome.
Just wait everybody open up borders, plane start to fly and u will see oil price hit the ceiling. Wont be long, by mid of 2021 it will happen and is only 3 month from now. Just be patient for another 3 months, we can do it!
@Risk8888..why keep make wrong assumption and share wrong information..aviation only consume less than 9% of oil, and even without internation border open, oil consumption for country like China and India oil consumption already surpass last year. Western has started ease restriction and some USA state like texas has open up fully, don't forget about domestic flight has resume. Now already deficit.
Oil consumption are increase everyday, but oil supply are drop every day, Opec still tighten supply, USA supply drop due to extreme weather, Canada also reduce supply.
Put aside the oil trend debate, a long waiting shahril departure in less than 10 days, big fun withdraw from sapura due to shahril after fail to voted out shahril in 2018..maybe they will come back
im so happy to tell you what i said a few week a go now become reality that oil price BRENT as per expected will touch 70 - 80 USD. It is very simple, many OPEC country especially those from middle east need oil price to go beyond 80 USD because they need to cover back ballooning debt and to pay their expensive budget and stimulus package due to COVID 19. Many or of this country depend almost 60 %- 90 % on oil revenue. They have been draining their own coffer last year and in order to survive they need Oil above 80 USD and beyond.
Saudi Aramco need their share prices float above IPO to regain investors holding and trust. They can only achieve this through profit margins. They are bringing the bulls into the market by controlling supply and to leverage better pricing. And with US support to control shale market, this gets better for the overall industry.
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....
obakh222
398 posts
Posted by obakh222 > 2021-03-05 17:17 | Report Abuse
Oil price go up sapnrg still the same. Oil not effect sapnrg bisnis aaa?