I missed my chance for getting sona wa at 0.325 because I insisted to queue at 0.32. What a waste ! When I wanted to buy 0.325 or even higher at 0.33, the sellers said bye-bye to me at a much higher price.
this wave should be very very impact !!! no different you whack mother or son !! from now onward both will move in tandem!!! may be son can buy more ki ki ki
@kcyim1970 - if we know thing ahead what going on then every one will be billionaire :-) as long as you study this counter and believe in their management that it really matter of time. It also depend on your holding power. Did you ask yourself a question if it drop below 0.28 are you still going to hold it? If yes then no worry.
@Lollipot Anison - do not over confident :-) someone is watching here and they can really make that happen and go back below 0.30 if they want. Hehe... But you maybe can accumulate more?
No what I mean is the potential to go up outweight the potential to go down. If go down, the worst I can expect is 20cents. But if go up. It might breach past 50cents.
Sona has gone up to 55+ Sen, about 10 sen since I started writing on in December 2013, or almost 5 months after its RM 550 mil IPO. At 55 Sen, Sona's market capitalisation is RM 770 mil. Given the local market and world energy market conditions ( are explained below ), it is still well below a minimum within reach capitalisation - RM 1 billion, provided that the management knows what they are doing ! For an outright comparison purposes, its peer Hibiscus which is still "exploring for oil" in Oman has a market capitalisation of RM 1.2 billion, at RM 2 now.
The local market is buoyed by geopolitics and the reshuffling of institutional local funds, which are avoiding from big cap stocks where foreign funds are taking "own sweet time" selling knowing that EPF has been actively supporting.
M'sia has become very strategic in the big powers' geopolitics play. US president is coming here in April in his 4 nation tour ( Japan, Korea, M'sia, & Phillipines) as part of US's Asia Pivot policy, that real objective is to "contain" China's rise. The US will have to bring goodies here. But how much US can bring is a big question market. M'sia's bandwagoning strategic foreign policy will keep Msia in the best position to benefit from the geopolitic change in Asia.
Our PM will be going to China after the US president's trip here. The most interesting matters that the inner circles are waiting for are : 1) will China's president give a go a head for China to invest in the Trans Peninsula Oil Pipleline which transports oil from Kedah to Kelantan bypassing the Melaka straits? Our ex PM wants the trans national pipeline project very much, as it bring a massive billions of dollars spin off to the nation, in particular to Kedah, Kelantan and Penang. 2) WIll China give green light to China oil companies to take up a strategic stake in Petronas's Canada massive oil project. China's participation as both strategic investor and users is key to the viability of these important national strategic projects.
The world energy market is changing very fast. Shale gas and associated tight oil which are plentiful and cheap in US are bringing back US oil companies to US. They are selling oil and gas assets in Asia, Middle East and Africa and use the sale proceeds and resources to invest in shale gas and associated tight oil in Eastern and Mid US. Shale gas, or wet gas, has big component of etelyne, the basic building block of plastics. Shale gas etelyne is > 5x cheaper than the current naptha (petrol based component. It is the shale gas revolution that drives the FED to taper its money printing policies. China is spending USD 1 bil to explore share gas in Sichuan, known to be the world's largest shale gas reserves ( US + Canada combined ). Australia is also actively digging it. And now UK is also revisiting the share gas. Most big petrochemical companies are moving back to US - to be nearer to share gas reserves.
So, Sona's time to buy producing oil fields is marked. It has to seal it fast and use the initial producing oil fields and track record to move into prolific oil producing fields which are up fro sale. Last week, Murphy ( US independent oil co ) is evaluating to sell part of its Asia oil and gas assets, including those in Msia. Its Msia oil fields, in particular Kikeh, contributes about 50% of its total revenue and profits. Once with producing oil fields and track record, it can raise more money ( by private placement and etc ) to buy prolific producing oil fields.
So, in conclusion, to you and I, the share price will trending up. If the management do it right, it will be the stock of the year! Look for the forest, and ignore the trees. Good Luck.
the lower the premium between mother and son will definitely attract more investor to buy warrant. So I believe is a matter of time. As long as you still believe mother will up and up later then you can buy the warrant and keep.
There is no doubt ample space for mother share to move up if the QA deal is on especially if it manages to acquire a 100% stake in a producing oil field. Based on historical data, Hibiscus managed to climb up to as high as 2.74 after it secured its QA via acqusition of 30% of Lime Petroleum. Shouldn't it be the same for Sona if the QA deal is closed. With such an exponential potential on the mother share, I believe Sona-wa would excel in its value in foreseeable future. Perhaps, after the long-awaited due diligent studies on the earmarked oil fields are completed. By the way, can anyone tell me how long would it take to complete a due diligent studies of that kind?
Almost one third of my portfolio goes to Sona-Wa. I hope there are some stimulating and prosperous excitement around the corner. Huat ar ! Huat ar ! Huat ar !
American oil company Murphy Oil Corp (MUR; US$58.11, +0.52) is looking to divest some 30% of it's stake in it's O&G assets here in Malaysia for a price of US$2b-US$3b (RM6.62b - RM9.93b). Given the larger production and reserves, this sale would be more lucrative than the previous agreed deal between Newfield and SKPETRO (RM4.34) in 2013 for US$898m (RM2.97b). MUR's key assets include the Kikeh oil field in Block K offshore Sabah and a sizeable gas production in Sarawak as well as the yet untapped Block H. MUR was forecasted to have produced some 100,000 boepd this year, 2nd to only Shell. Sources revealed that possible buyers include SKPETRO, HIBISCS (RM2.11), SONA (RM0.57), and CLIQ (RM0.665).
Dragon, All Spac Up because Investor are looking/hunting for Potential Buyers on O&G, beware when they announce Which company got the Contract, the rest will Fall to initial Price. This is part of big boy game, they Invest in all potential Counter, and when 1 fly, is enough to cover the rest. But IF you only aim for one counter, trade with Care.... Because at The moment, No Sona News on QA so far i know.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3224 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Marcus Beh
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Posted by Marcus Beh > 2014-02-17 21:40 | Report Abuse
Huat ar