Posted by gohky87 > 2020-03-26 15:27 | Report Abuse

281 buyers queuing to buy at 0.11 while 39 sellers selling 120k lot at 0.115. No one wana eat that so we wait only and watch netflix drama.

Posted by JoshuaMS7 > 2020-03-26 15:49 | Report Abuse

@gohky87 Ya just get a news that Iran and Saudi going to crazy increase production this few days and lot oil counters are started moving back, so cancel the queue just now!! haha...

Posted by flyover2 > 2020-03-26 15:54 | Report Abuse

big shark throwing at 11.5... no hope to see it climbing up...

Posted by gohky87 > 2020-03-26 15:55 | Report Abuse

@JoshuaMS7 hahaha, It's your investment. Do what you think is wise. Short term, I definitely don't see oil prices going up any soon. Best of luck and wish everyone will huat together soon or the near future.

Posted by JoshuaMS7 > 2020-03-26 16:00 | Report Abuse

Really don't know why dayang up so much for what!! Oil price is expected getting lower and lower for long term...

Posted by flyover2 > 2020-03-26 16:01 | Report Abuse

....on the other hand, the big shark could be shaking loose all ikan bilis at 11.5. once the last ikan bilis scared-off, then he can steer to whatever his wishes is...

Posted by JoshuaMS7 > 2020-03-26 16:03 | Report Abuse

Later someone should throw another big volumes at last trade!!

Posted by SmartTrader82 > 2020-03-26 20:48 | Report Abuse

Velesto will be pushing to .135 tomorrow.

All of their rig are fully occupied despite low oil price. they are making $$.

Posted by Will76 > 2020-03-26 23:39 | Report Abuse

Breaking News from CNBC

Oil prices fell on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.

West Texas Intermediate (WTI) crude futures slipped $1.04, or 4.25%, to trade at $23.45 per barrel, while Brent crude futures fell 44 cents, or 1.6%, to trade at $26.97 per barrel.

Posted by rizal_de > 2020-03-26 23:53 | Report Abuse

sharp decline tomorrow..so sad

Posted by SmartTrader82 > 2020-03-27 00:51 | Report Abuse

I dont know where @will76 got the news but BRENT is still 29.24 at 12:50 am.

NOT 26.97!

Dont give a wrong news to create market speculation.
I dont mind giving speculation, opinion. But not using FAKE news /info.

Posted by RedEagle > 2020-03-27 00:54 | Report Abuse

Pensioner fund gone here

Posted by lancefire > 2020-03-27 05:21 | Report Abuse

US stock market rallies for the third consecutive day. Interesting!

https://www.fxempire.com/forecasts/article/us-stock-market-overview-us-stocks-surge-drive-by-financials-and-utiliites-641072

Posted by rizal_de > 2020-03-27 05:43 | Report Abuse

https://www.wsj.com/amp/articles/global-stock-markets-dow-update-3-26-2020-11585196225

Posted by JoshuaMS7 > 2020-03-27 06:36 | Report Abuse

Anyone knows what is the cost for shale produce a barrel oil (the lowest producer price)? 30 usd or 25 usd? Why they keep produce oil if no earning??

Posted by RedEagle > 2020-03-27 06:38 | Report Abuse

0.09?

Posted by JoshuaMS7 > 2020-03-27 07:28 | Report Abuse

up up up today without blocker since dji up for 3 days continuously and stand above uptrend mode again !!

Posted by Mabel > 2020-03-27 07:34 | Report Abuse

Wah.....

Dow Jones is up...

Market will be meowing today...

Meow..

Posted by Palmgirl > 2020-03-27 07:46 | Report Abuse

Today must buy a lot !! Up again !!

Posted by Lucky88 > 2020-03-27 09:03 | Report Abuse

buy..buy..buy..

Posted by Lucky88 > 2020-03-27 09:04 | Report Abuse

Huat..Huat..Huat..

Posted by Lucky88 > 2020-03-27 09:04 | Report Abuse

Sure UP today.....UP..UP..UP..

Posted by Lucky88 > 2020-03-27 09:06 | Report Abuse

Buy at LOW and sell at TOP......Buy..Buy..Buy.. Huat ah..Huat ah..Huat ah..

Posted by Lucky88 > 2020-03-27 09:08 | Report Abuse

Today will be another LUCKY day......Huat ah.....

Posted by JJchan > 2020-03-27 09:43 | Report Abuse

Since all Velesto Rigs are in place / working.....CoronaVirus down time is Not issue for Velesto.
Worst case scenario revenue is 200mil ( same as 3Q2019 ) However Profit is jack-up by 10million
( 40million ) due to Forex Gain. Velesto Contracts are all in $US. At the time where all the contracts
are announced Ringgit is around 4.1-------Today 4.3 ( yesterday 4.4 ) Forex gain is around 10-----
----18mils depending how weak ringgit is taken at 1Q20

Posted by vllyk > 2020-03-27 09:44 | Report Abuse

I bought into Velesto as well but really.. can we share better constructive comments and fundamentals to explain Velesto's position instead of up up up, huat huat huat.. lucky day, etc. =S

Most are concerned how the Oil price will affect all the O&G Counters. Look at the what happened in the last 2 year and it took 2 years to bring some confidence back before COVID 19 and Oil Price War hit us again.

Posted by Lucky88 > 2020-03-27 10:01 | Report Abuse

Look at US Dow Jones Index ,you can not follow actual fundamentals to explain. The only way what you can do is follow the games. If you do not know how to play, then you better stop right now.

Posted by Yeo Michael > 2020-03-27 10:05 | Report Abuse

Velesto share can buy some to keep. Buy 1,000 lots and you will be millionair if the price go up RM1.00. He... He... He...

Posted by flyover2 > 2020-03-27 10:13 | Report Abuse

I wonder why PNB isn't accumulating/buying, when EPF and ASB is buying tons of it?

Posted by flyover2 > 2020-03-27 10:17 | Report Abuse

or is PNB holding is thru ASB....

Posted by Mabel > 2020-03-27 10:20 | Report Abuse

PNB and ASB same umbrella lah...

Posted by Yeo Michael > 2020-03-27 10:20 | Report Abuse

Arab and Russian will not oil war for long, their economy going down and how long they can stand. They will come to negotiate and reduce the oil output

Posted by Lucky88 > 2020-03-27 10:23 | Report Abuse

Buy at LOW and sell at TOP......

Posted by Yeo Michael > 2020-03-27 10:27 | Report Abuse

Pnb and epf buying westports share a lot and not interested to buy small share like velesto now

Posted by Yeo Michael > 2020-03-27 10:30 | Report Abuse

Even cannot become a millionair buying velesto share. If the share go up 3 cents you still thoudandair

Posted by GoodTrade > 2020-03-27 11:12 | Report Abuse

Global Covid-19 crisis deteriorates especially America n Europe ... OPEC+ planning to increase oil productions starting in April2020 ... The next 2 months could be quite volatile for equities n oil prices ...

Posted by Palmgirl > 2020-03-27 11:58 | Report Abuse

Good news !! Oil price up again.

https://www.theedgemarkets.com/article/oil-rises-broader-markets-gain-hopes-more-stimulus

Posted by JJchan > 2020-03-27 12:49 | Report Abuse

Big boys put up large block at 0.120 (pretend as sellers) But Buying is 2X selling at 0.115.....massive collecting

Posted by Baby Shark > 2020-03-27 18:58 | Report Abuse

Aiya.. so cheap, buy saja

Posted by JoshuaMS7 > 2020-03-27 20:09 | Report Abuse

now i know why this few days so huge volumes selling, dji future started crashing -700 pts and oil price going bk 25 usd!!

Posted by GoodTrade > 2020-03-27 22:47 | Report Abuse

Brent below $20 ? Velesto below 0.05 ? ...

Posted by enigmatic ¯\_(ツ)_/¯ > 2020-03-27 23:00 | Report Abuse

ouch

https://www.theedgemarkets.com/article/top-10-stocks-1h20

Posted by Mabel > 2020-03-27 23:34 | Report Abuse

@JJchan Big boys put up large block at 0.120 (pretend as sellers) But Buying is 2X selling at 0.115.....massive collecting
27/03/2020 12:49 PM

Once the collection is done, they will push up...

Meow..

Posted by tkl88 > 2020-03-28 01:45 |

Post removed.Why?

Posted by tkl88 > 2020-03-28 01:47 | Report Abuse

As at 1.43am,
Crude oil price,
Nymex => $21.27 (-1.33) (-6.64%)
Brent => $24.58 (-1.76) (-6.68%)

Posted by Mabel > 2020-03-28 08:35 | Report Abuse

How long will this pandemic last?

In China, the first cases were reported in December. It’s now half March, and Wuhan, where it hit hardest, had only 1 new case today.

If we add another month for sick people (of which there are still plenty) to get better, and to make sure no more cases appear, that makes it…Hence we are talking about FOUR MONTHS.

Tough Times Never Last but Tough People do..

Meow..

Posted by Jeffreyteck > 2020-03-28 10:31 | Report Abuse

TP 0.06 as fundamentals all in red just like sapu energy. Unless bet on oil price up.

Posted by sonata18 > 2020-03-28 11:43 | Report Abuse

This co. has the greatest potential for sharp recovery. The share already oversold now. That's why so many people are still accumulating.

Posted by JJchan > 2020-03-28 11:45 | Report Abuse

https://oilprice.com/Energy/Energy-General/The-Cheapest-Way-For-Trump-To-Save-US-Oil.html

I am very confident, Trump will initiate a Oil Tariff like above.( He did Hit China will Tariff and refused to remove the tariff even in this hard time bcos He just think about Re-election agenda weapons and really don't care about american sufferings.

Oil below $20 will put 250,000 oil related Jobs in Texas out of Biz. Americans
knew it is within the President power to save these Oil Jobs. (The time frame is November, 2020---president election )
There is No way China Oil consumption will raise enough to push up Oil price bcos the Whole world is in locked down (even India)""""Where to get Export Orders"""""
My China factory are working on Back Orders (not new Order bcos there is None )

Posted by Mabel > 2020-03-28 20:02 | Report Abuse

Actually Two things will happen.

Either we will move onto a post-apocalyptic society or the stocks will make a comeback like every other crisis before this.

If the first one was to happen, there is not much difference between wasting your money on stocks compared to anything else. Even stocking on supplies will not help you on the long run.

However, if the markets recover, like they do all the time, then you would be buying the stocks when they cheap, making you a hefty profit. But this might require a long patience, and unfortunately not many people have that.

Think about it...

Meow..