Posted by seanteoh > 2014-12-12 15:55 | Report Abuse

TOKYO (Reuters) - Asian shares got a lift on Friday after upbeat U.S. data suggested weaker oil prices are adding momentum to the American economy, though a continued slide in crude prices kept gains in check.
U.S. crude futures (CLc1) continued to drop after falling below the key psychological support level of $60 a barrel for the first time in five years, and stood at $59.30 in Asia, down more than 1 percent on the day.
Brent crude (LCOc1) continued its march downwards on Friday and dropped to a 5-1/2-year low of $63 a barrel, bringing this week's losses to more than 8 percent. It was last down 0.5 percent at $63.40.
MSCI's broadest index of Asia-Pacific shares outside Japan edged up about 0.2 percent, though on track for a loss of over 2 percent for the week.
Global crude prices have plunged in recent weeks on massive oversupply, raising fears that deflation could hit economies around the world. But data on Thursday showed that cheaper gasoline prices apparently helped U.S. consumer spending mark broad rises last month, and jobless claims also fell.
One potential risk on the horizon got a temporary reprieve, when the U.S. Senate approved a two-day extension of government funding late on Thursday to stave off shutdowns of federal agencies that otherwise would have begun at midnight.
Wall Street ended higher on Thursday, but Asian investors have mostly focused on the downside of lower energy costs, which dragged down equities here this week.
"The relentless decline in oil prices continues to unsettle risky asset markets. Oil prices have fallen to levels last reached in mid-2009, as OPEC cut its demand forecast to a 12-year low despite lower prices, and U.S. crude inventories rose," Barclays strategists said in a note.

Posted by Harvard57 > 2014-12-12 16:23 | Report Abuse

all stubborn heads, keep remind to avoid all oil n gas specially spac, dont listen,
i just see how much money you guys got to buy again !

Posted by seanteoh > 2014-12-13 09:56 | Report Abuse

NEW YORK (AP) — A rout in oil prices shook financial markets Friday, pushing stocks to their worst weekly loss in two and a half years.
The stock market fell sharply as investors worried that slumping oil demand is signaling that growth outside of the U.S. is weaker than earlier thought. And while consumers and airlines will benefit from lower fuel prices, energy companies will see their earnings suffer. Some may even go out of business.
A rapid decline in crude hit stocks all week. Oil fell again Friday after the International Energy Agency said global demand grow less than previously forecast next year.
The news drove crude down for the fourth day in five, leaving the price 12 percent lower for the week and well below $60 per barrel. Oil has now fallen 47 percent since reaching a peak of $107 in June this year.
The last time oil prices were this low was when the U.S. economy was emerging from the Great Recession.

Posted by nice1 > 2014-12-13 11:27 | Report Abuse

there is opportunity in crisis too

Posted by Abudance > 2014-12-13 14:27 | Report Abuse

Wow .. 11.5 sen!!

Posted by ssboy > 2014-12-14 12:59 | Report Abuse

Bought 0.28...now just left 0.115.....fuc ....counter........

Posted by ssboy > 2014-12-14 13:00 | Report Abuse

How to cover back...panic.....

Posted by jasonor > 2014-12-14 13:45 | Report Abuse

prefer to buy mother share, not the wa....

Posted by seanteoh > 2014-12-15 14:20 | Report Abuse

Wait till next week, should be drop further to 0.05 soon..........

Posted by seanteoh > 2014-12-15 14:27 | Report Abuse

Investors were nervous after U.S. shares posted their biggest weekly fall in 2-1/2-years last week on losses led by energy sector, and as they expect the U.S. Federal Reserve to hint this week it is getting closer to raising interest rates.
U.S. crude futures (CLc1) fell more than 2.5 percent at one point to as low as $56.25 per barrel (CLc1) before rebounding. By late morning, they were up 1.3 percent.
The world's energy watchdog late last week forecast even lower prices next year on weaker demand and increased supply, sparking a fresh waving of selling.
Oil's relentless slide pounded stocks and currencies exposed to energy exports on Friday, dousing the appetite for riskier assets.
Energy-exporting emerging market currencies were strained, with the Brazilian currency hitting a 9-1/2-year low (BRL=) and the Russian rouble hitting an all-time low (RUBUTSTN=MCX). The Indonesian rupiah (IDR=D2) fell to its lowest since August 1998.

Posted by seanteoh > 2014-12-16 08:48 | Report Abuse

RUSSIAN RATE-HIKE STUNNER
Ruble drop unprecedented, oil to $30
Dennis Gartman of the Gartman Letter discusses how the Bank of Russia's raising of interest rates to 17 percent will impact the ruble, gold and oil.
Russia just raised interest rates to 17% from 10.5%.According to a statement from Russia's central bank, Russia has taken its key interest rate to 17% from 10.5% in a stunning decision made after the collapse of the ruble on Monday.The Bank of Russia's statement said the decision was driven by the need to limit significant devaluation in the ruble and inflation risks. The announcement was made at 1 a.m. local time in Moscow.Last Thursday, Russia hiked rates to 10.5% from 8% in an effort to combat inflation, which rose 9.1% year on year in November.This surprise announcement from Russia comes after the ruble got absolutely crushed on Monday, losing more than 10% of its value against the US dollar, as the ruble fell to below 64 against the dollar on Monday; earlier this year, one dollar bought about 35 rubles.
Russia's Micex stock exchange also fell by about 10% on Monday as the financial situation in that country continues to deteriorate amid the declining price of oil and the devaluation of its currency.
And earlier this month, Russia's economy ministry projected GDP would contract by 0.8% in 2015. In other words, Russia is falling into recession.

Posted by Tripaka > 2014-12-16 09:08 | Report Abuse

Better say later oil is free.........

Posted by seanteoh > 2014-12-16 10:59 | Report Abuse

Oil free tak free dun know , but I know all SPAC & oil related stocks sure drop until next year , cos now all fund managers prepare long holiday liao...............

Posted by ssboy > 2014-12-17 13:35 | Report Abuse

Why cant fly.....

Posted by nice1 > 2014-12-17 14:14 | Report Abuse

anybody buying warrant? and why?

Posted by IVAN2222 > 2014-12-18 11:47 | Report Abuse

selling pressure

Posted by ssboy > 2014-12-18 15:14 | Report Abuse

Hard to move up....sad...

Posted by seanteoh > 2014-12-23 09:11 | Report Abuse

Oil slides as Saudi Naimi tells market to forget OPEC cuts
NEW YORK (Reuters) - Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price.
After a weekend of comments from several Gulf OPEC members reiterating their intent not to intervene in oil markets despite oil prices that have halved since June, Ali al-Naimi told the Middle East Economic Survey it was "not in the interest of OPEC producers to cut their production, whatever the price is" - his starkest comments yet.
U.S. crude's front-month contract (CLc1) settled down $1.87, or 3.3 percent, at $55.26 a barrel. It fell $2 earlier to a session low at $55.13. On Friday, U.S. crude finished up nearly 5 percent, the largest gain since August 2012, as some traders took profits on short positions after prices hit five-year lows.
Brent (LCOc1) closed down $1.27, or 2 percent, at $60.11 a barrel after a session bottom of $59.84.
Naimi also said the Saudis might boost output instead to grow their market share and that oil "may not" trade at $100 again. "The best thing for everybody is to let the most efficient producers produce," he told a conference in Abu Dhabi at the weekend.
"The Saudis seem to be continuing with their game plan to shock prices lower by sticking it to the market that they will put more oil out if they have more customers for whatever price they are comfortable in selling," said John Kilduff, partner at New York energy hedge fund Again Capital.
"It seems like an all-out strategy on their part to finish all the weak players in the market who can't survive at sub-$60 or even sub-$50 oil."

Posted by nabimuhammad > 2014-12-24 18:08 | Report Abuse

Marilah kita doa sama-sama, minyak akan kembali ke 100 usd dan sona-wa akan kembali ke RM 0.30 !

Posted by Jessus > 2014-12-26 16:21 |

Post removed.Why?

Posted by seanteoh > 2014-12-26 16:28 | Report Abuse

We hope sona-wa drop to 0.05 soon ........

Posted by Mary552 > 2014-12-26 17:35 | Report Abuse

Seanteoh, ur LCiao forecast won't come true ! I am confident of my son forecast !

Posted by pisangpanas > 2014-12-26 21:55 | Report Abuse

Tolong usir manusia yang mempermainkan nabi kami ....jangaan sesekali timbulkan api kemarahan...

Posted by seanteoh > 2014-12-30 09:04 | Report Abuse

Oil prices fall more than $1, dropping to five-year lows
NEW YORK (Reuters) - Crude oil prices on tumbled on Monday, with global grades settling down more than $1 a barrel after an early rally fizzled and prices fell to their lowest levels since May 2009.
News of further damage Libya's oil infrastructure prompted the early rally that was quickly erased as pervasive fears of global oversupply trumped concerns about output curtailment from the OPEC producer.
The number of rigs drilling for oil in the United States dipped in the latest week, data from oil services firm Baker Hughes Inc showed. But the count for U.S. oil rigs remained up from a year ago, indicating production would remain robust.

Posted by potenza10 > 2014-12-30 09:21 | Report Abuse

slowly collecting sona-wa

Posted by seanteoh > 2015-01-01 07:46 | Report Abuse

NEW YORK (Reuters) - Oil prices fell on Wednesday to a 5-1/2-year low and ended with their second-biggest annual decline ever, down by half since June under pressure from a global glut of crude.
Just before the close, Brent and U.S. oil futures bounced off session lows. But prices still settled at their lowest since May 2009. Weekly U.S. data showed crude oil stockpiles fell more than expected, but inventories at the oil hub at Cushing, Oklahoma, grew, keeping prices depressed.
Oil prices came under further pressure from a survey showing China's factory sector shrank in December for the first time in seven months. This should hurt energy demand in the world's No. 2 consumer.

Posted by seanteoh > 2015-01-05 12:28 | Report Abuse

It might drop to 0.05 soon .............................guys , pls wait .....

Posted by ssboy > 2015-01-05 21:11 | Report Abuse

No need wait sona wa ...go buy xdl wa..jz 0.03 only..

Posted by ssboy > 2015-01-05 21:15 | Report Abuse

Seanteoh..u always can dreaming....

Posted by seanteoh > 2015-01-06 09:39 | Report Abuse

Asian markets open sharply lower amid oil fears
Wall Street declined overnight following the relentless fall in oil prices. Energy stocks led a broad decline on Wall Street overnight, as crude prices dropped to fresh five-and-a-half-year lows amid concerns about growth beyond the U.S.
Read More This week's market watch list: China, Australia data Keeping an eye on Greece Political uncertainty in Greece has raised fears of a Greek exit from the euro zone. The country announced snap general elections for January, with Syriza, the far-left opposition party which has vowed to overthrow the onerous terms of Greece's international bailout, likely in the lead. Along with bets on quantitative easing by the European Central Bank, the euro tumbled to its weakest level since June 2010 on Monday. In early Asian trade, the currency was quoted at $1,193 to the dollar.

Posted by seanteoh > 2015-01-06 09:46 | Report Abuse

ssboy , no more argument , time will tell you ...dreaming or this stock down to 0.05 , ha...ha....

Posted by ssboy > 2015-01-06 10:57 | Report Abuse

Seanteoh...please continue dream as what u needed...

Posted by ssboy > 2015-01-06 11:02 | Report Abuse

So...please advise when this stock will further down to 0.05?

Posted by ssboy > 2015-01-06 12:59 | Report Abuse

Seanteoh...why no commect ???

Posted by RIDMNMG > 2015-01-06 19:43 | Report Abuse

Hahah today is start for uptren to this counter

Posted by ssboy > 2015-01-07 12:24 | Report Abuse

Where the expert ???join international o n gas meeting???

Posted by seanteoh > 2015-01-07 14:15 | Report Abuse

SYDNEY (Reuters) - The euro hit a nine-year trough on Wednesday as collapsing oil prices and worries about the world economy drove skittish investors into the arms of safe-haven sovereign debt.
Overshadowing sentiment were worries about what the breakneck decline in oil would mean for earnings of oil companies and disinflationary pressures worldwide.
Brent (LCOc1) eased another 17 cents to $50.93 a barrel having already shed almost 10 percent so far this week. U.S. crude (CLc1) dipped 13 cents to $47.80, after plumbing an April 2009 low of $47.55.
With fears of deflation rampant, yields on longer-dated Japanese, German, French, Dutch, Austrian, Belgian, Finnish, Canadian and Australian bonds all touched record lows.

Posted by ssboy > 2015-01-07 15:24 | Report Abuse

Ready to fly soon once market price rebound....buy buy buy.....

Posted by ssboy > 2015-01-07 15:26 | Report Abuse

No more 0.05...dun waste your time wait here....

Posted by truthseeker1 > 2015-01-08 15:54 | Report Abuse

Those buying Sona W can you get dividend or free warrant?

Posted by seanteoh > 2015-01-09 09:58 | Report Abuse

mother share price (0.41) minus (-) warrant exercise price (0.35) = 0.06 ( warrant actual price now )......so guys..........you all know how to do , right ??

Posted by seanteoh > 2015-01-12 09:50 | Report Abuse

Foreign funds sold RM535.2 million Malaysian equity last week
KUALA LUMPUR (Jan 12): Investors classified as “foreigners” sold RM587.2 million of Malaysian equity in the first six trading days of 2015 on Bursa Malaysia, according to MIDF Research.
In his weekly Fund Flow report today, MIDF Research head Zulkifli Hamzah said that after six trading days into 2015, the writing on the wall is not so auspicious for Malaysia, although he added that he would not interprete it as being ominous.
He said that last week, foreign investors sold local equity in the open market (i.e excluding off-market deals) amounting to RM535.2 million net.
He eplained that in the first six days, the net outflow was M587.2 million, higher than the corresponding period in 2014 of RM497.2 million.

Posted by ssboy > 2015-01-13 10:23 | Report Abuse

Get ready to fly...

Posted by pisangpanas > 2015-01-15 15:47 | Report Abuse

fly lorr fly lorrr

Posted by seanteoh > 2015-01-21 21:28 | Report Abuse

Sona Petroleum aborts purchase
15 Jan 2015
KUALA LUMPUR: Sona Petroleum Bhd has scrapped its plan to acquire a 40% stake in UK-listed Salamader Energy plc’s Thai unit Salamander Energy (Bualang Holdings) Ltd for US$281 million (RM912 million). This leaves the oil and gas (O&G) special purpose acquisition company (SPAC) still without an asset. It has until July 2016 to complete its qualifying acquisition (QA). If it fails to complete a QA within this time frame, the company will be liquidated and the amount held in the trust account will be distributed back to shareholders. In a filing with Bursa Malaysia yesterday, Sona ...

Posted by seanteoh > 2015-01-22 08:43 | Report Abuse

BP boss Bob Dudley: Oil prices 'low for up to 3 years'
The boss of oil giant BP's boss Bob Dudley has said that oil prices could remain low for up to three years.He added that could send UK petrol prices below £1 per litre.He told BBC Business editor Kamal Ahmed in Davos BP was planning for low oil prices for years to come.That is expected to lead to job losses and falling investment in the North Sea oil industry and elsewhere, curbing supply and eventually forcing the price back up.Italian oil group Eni has said the next spike could be around $200 a barrel.Eni's chief executive, Claudio Descalzi, said the oil industry would cut capital spending by 10-13% this year because of slumping prices.He said that would create longer-term shortages and sharp price rises in four to five years' time, if the Opec cartel fails to cut supplies.

Posted by T1T4N > 2015-01-22 12:23 | Report Abuse

Time to buy up and get ready back to 20 sen level!

Posted by pvd_investor > 2015-01-22 14:15 | Report Abuse

Wow warrant is actively traded...any idea if something is cooking?

Posted by saddiqsepakraga > 2015-01-22 14:19 | Report Abuse

nothing is cooking larr....now we are having OnG stocks rally...!!!!

Posted by rman1 > 2015-01-22 14:23 | Report Abuse

T1T4N, your words looks promising, anyway i just got in, i hope there are good news for us.