Guys, the world cannot switch to renewables overnight. So far renewables still account for 2% energy source globally, while coal leads the 1st rank and crude oil 2nd. Crude oil business will stay for years to come and price is going to go up regardless with increased demand as things gradually settle
I see Sapura going to 50 cents easily, the market value is devalued due to debt, but PNB is holding big time and surely they want their ROI. You will see more projects sanction to them after Jerun, exploration on B14. Overseas, Sapura gaining traction in Saudi. It’s going to be hot stock again. We either enter early or mid-way. I chose early
DickyMe, it is inevitable that the world is going to switch to some portion of renewables to cater climate crisis. However, oil business don’t disappear in the next decade either. More than half the population on earth doesn’t have the wealth nor economic structure to cater electric cars, for at least another 2 or 3 decades until electric cars are commoditised. Until then, Oil lobbyist are still in game.
Agree , renewable energy does not come in a year. A decade, Sapura might be ended on the moon. I don't believe the high leadership team take over bellow 20 cent and giving another worse result. it will definitely tarnish their images. And please don't expect it to fly in a week like bitcoin. Only fools will think that way. I believe for more.
Sapura cruising 20 cents soon, just watch. If QR reports improvement on net loss, the share price will easily double on optimistic forecast for the following quarters
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....
JuliusCeasar
1,216 posts
Posted by JuliusCeasar > 2021-08-21 14:25 | Report Abuse
When Qr release?