No one will believe sapnrg until sapnrg turnaround convincingly. Not one or two qtrs puluhsn juta profit ini macam consider turnaround. Even the biggest OnG big name sit on board also the same. Produce result first. Big names doesnt give you profit also useless right. Correct?
KUALA LUMPUR (July 6): PublicInvest Research has maintained its “overweight” call on the oil and gas sector on the expectation that oil prices could jump to US$80 per barrel, given the rising global oil demand and supply which bode well for oil prices. Over the last 12 months, oil prices rose by over 70% — from around US$40 per barrel in mid-June 2020 to more than US$70 per barrel — due to optimism over the easing of Covid-19 restrictions for some of the world’s largest economies, it said.....
THE ROCK Sapura is lucky for the time being....that those Bankers don't pull the plug..
Who are the Bankers??? Bank License are review every year. PNB belongs to the Gov. Every Bank CEO job requires Okay from Gov First before His Name can be put forward for nomination ( Only Local Banks )----Najib's Brother was Kicked out of CIMB not bcos he did a Bad job.
3. Saudi Arabia raised oil prices for buyers from Asia to the US for August after OPEC+ talks broke down just as the market was clamouring for more supply. This will invite price war between Saudi and other opec country.
All this put pressure to oil price which investor really don't like.
So get ready for a wild ride of WTI and BRENT price as this uncertainty will cause WTI & BRENT price fluctuate even wild and possible to even go higher than 80 usd or even lower than current price at 77 usd.
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....
Jjkcl
883 posts
Posted by Jjkcl > 2021-07-01 19:16 | Report Abuse
oil prices shot up high higher like crazy