Posted by super_newbie > 2020-04-07 09:41 | Report Abuse

Putin and OPEC+ already give their offers!

Posted by super_newbie > 2020-04-07 09:43 | Report Abuse

I personally think trump will temporary agreed till the ease of US covid-19 outbreaks

Posted by Cojack31 > 2020-04-07 09:44 | Report Abuse

Syndicate play in volume. So now they r clear their portion. Careful guys

Posted by Lucky88 > 2020-04-07 10:50 | Report Abuse

wait for LOW price.....

Posted by JoshuaMS7 > 2020-04-07 10:56 | Report Abuse

yaya wait for lower price!! Sold 0.170!!

Posted by tkl88 > 2020-04-07 11:00 | Report Abuse

Wow, Oil price spike up crazily !
As at 10.48am,
Nymex => $27.04 ‪(+0.96) (+3.68 percent)
Brent => $34.02 ‪(+0.97) (+2.93 percent)

Posted by IronShirt > 2020-04-07 12:42 | Report Abuse

without any form of Shorting, syndicate cannot play this market. GLC with alot of shares can
block and Buy. But later they must push up to Sell

Posted by Looiks > 2020-04-07 15:09 | Report Abuse

hehehe.......opt out. comeback later

Posted by JJchan > 2020-04-07 15:23 | Report Abuse

over-bought, need to clear sellers at 0.17 first

Posted by tkl88 > 2020-04-07 15:31 | Report Abuse

Dow Jones continue it's bull run
As at 3.25 pm,
Dow Jones Futures at => 22,906.0 (+418.0) (+1.86 percent)

Posted by Elmerbaby > 2020-04-07 16:19 | Report Abuse

too many sellers. Will move neither up nor down anytime soon except inbetween the 0.17 gonna wait for lower price

Posted by Lewis Lee > 2020-04-07 16:28 | Report Abuse

Hope that major shareholders such as EPF & AManah can come in and sapu heavily those stocks ! They seems to stay silence recently ??

Posted by newbie9999 > 2020-04-07 17:42 | Report Abuse

stuck inside.. cant realize enough profit.... should i wait or should i sell for minimal profit....

Posted by JJchan > 2020-04-07 19:38 | Report Abuse

Pnb and Epf are the actual buyers now (but they are using agents so that they don't have to inform
Bursa. Why tell everybody when you are buying Cheap? ) Who can buy/sell 300--400mil shares per day?? Most foreigners already sell down and cabut

Posted by JJchan > 2020-04-07 19:41 | Report Abuse

When foreigners do come back later, these GLC agents will Sell to them to earn a profit to paid
5.5--6% interest to shareholders

Posted by Lucky88 > 2020-04-07 20:48 | Report Abuse

Wait for LOWER price..........

Posted by Mabel > 2020-04-07 23:15 | Report Abuse

As long it's climbing everyday, I have no issues...

Anyway price fluctuation is part of the playing fields..

Meow

Posted by tkl88 > 2020-04-08 07:17 | Report Abuse

Wow, Oil price continue to spike up !
As at 7.13am,
Nymex => 24.63 ‪(+1.00) (+4.23%)‬

Posted by tkl88 > 2020-04-08 08:46 | Report Abuse

Wow, Oil price getting hot & hottest now !
As at 8.35am,
Nymex => $24.79 ‪(+1.16) (+4.91%)‬

Posted by Lucky88 > 2020-04-08 09:22 | Report Abuse

Slowly drop now....wait for lower price.......

Posted by Cakes Moon > 2020-04-08 09:27 | Report Abuse

Now is the collection timing, Friday will be shooting to the sky~

Posted by flyover2 > 2020-04-08 10:16 | Report Abuse

Friday is the frying time, is it?

Posted by prince4 > 2020-04-08 10:52 | Report Abuse

WTI price below 50 USD will impact OIL GAS company fundamental will deteriorate make many oil and gas company future financial from profit turn to heavy losses .If the company with high debt will face collapse or bankruptcy in future.

Market money would not flow in oil and gas stock because everybody scare buy this trouble sector company they have huge debt will face collapse or bankruptcy in future .Expect local and foreign funds money would not flow in oil and gas stock because everybody scare buy losses money . so now no prospects cannot buy and hold oil and gas company.

High debt company cannot buy ,high prices stock cannot hold , MARKET NEVER SLEEP MONEY NEVER SLEEP just buy LOW PRICES stock and CASH RICH COMPANY. This is a OPPORTUNITY markets SMART MONEY no longer will FLOWS in cheaper stocks ,market will GORENG lows price stock at BOTTOM.

Posted by Kopimilo > 2020-04-08 11:22 | Report Abuse

In less than a year or faster, medium term profit will come back to serve any debt and into the black zone. Countries with less than million bpd crude oil production are not really significant to impact the global price, and they shouldn't be imposed with production cut. Instead major OPEC members and non-OPEC major oil producers greediness are highly significant in determine the crude oil prices, and should be subject to output cut regimes.

Posted by Kopimilo > 2020-04-08 11:31 | Report Abuse

The crude oil price war now overshadow the global US Tariffs war on other countries, being made at worst amid the global Covid-19 pandemic that drving way below normal crude oil demands due to most global economic sectors are at halt.

Posted by Wayne722 > 2020-04-08 11:36 | Report Abuse

Possible turn green?

Posted by Kopimilo > 2020-04-08 11:47 | Report Abuse

Equity market related to oil sector in bleak prospect at least for the next 6 months before any breath of life, waterline just below the nose, could be expected, anyhow, long term investors, and hardcore characterised by their long term, is looking now as the buying at low, to keep profile in more than a year. For Velesto specifically, if 500 million shares were traded daily out of 8.612 billion shares, just around 6%, then wondering why the rest of 94% keep it, worth risk taking on bleak prospect?

Posted by tkl88 > 2020-04-08 13:35 | Report Abuse

Walaoeh, Oil price now spike up crazily !
As at 1.30pm,
Nymex => $25.19 ‪(+1.56) (+6.60%)‬
Brent => $32.88 ‪(+1.01) (+3.17%)‬

Posted by RedEagle > 2020-04-08 14:52 | Report Abuse

Russia has about US$550bil stashed away in some of the biggest rainy-day funds in the world, but President Vladimir Putin’s support measures only account for about 2% of gross domestic product (GDP), according to ING Bank.

MOSCOW: As leaders around the globe compete with ever-bigger spending packages, the Kremlin is hoarding hundreds of billions of dollars in reserves, worried that oil prices will stay low for a long time.

Russia has about US$550bil stashed away in some of the biggest rainy-day funds in the world, but President Vladimir Putin’s support measures only account for about 2% of gross domestic product (GDP), according to ING Bank.

During the 2008-2009 global financial crisis, the country spent a tenth of GDP to counter the collapse but was able to rebuild its reserves within just a few years as crude rebounded. This time around the Kremlin is hunkering down for a prolonged period of low export revenues.

“Oil prices have fallen below a level anyone thought imaginable, ” said Alexandra Suslina, a budget specialist at the Economic Expert Group, a Moscow think-tank that advises the government. “They need to spend the reserves carefully because that’s all there is.”

The approach has caused outrage among business owners and lobby groups, who warn that insufficient stimulus could lead to mass unemployment, bankruptcies and a deep economic slump.

The central bank estimated that a government ruling for most Russians to work from home for the whole of April could knock 1.5% to 2% off growth this year, while the budget is being re-written to prepare for oil prices at US$20 a barrel.

“So far there are promises but no help, I don’t know even one businessman who received help and almost everyone has suffered, ” said Aleksandr Khurudzhi, head of the Business Protection Association in Moscow.

The government’s stimulus package, which will be partly funded by taxes on the rich, so far amounts to a 300 billion ruble (US$3.9bil) fund to support struggling firms, and some tax and mortgage breaks.

Before the crisis, the government was planning to boost spending this year, and officials have stressed that they won’t cut that.

Prime Minister Mikhail Mishustin said last week that the government has reserved 1.4 trillion rubles if needed, although it wasn’t clear what the money would be spent on and how much would come from existing budgets.

“There’s a lot of discussion about using the budget to give people handouts, but that’s just not right, ” Moscow Mayor Sergei Sobyanin said on state TV last week.

“The budgets will burst, they’re already struggling to cope with the strain on healthcare.”

Alexei Kudrin, a former finance minister called last week for the strict rules that limit spending from the US$165bil wealth fund, the liquid chunk of Russia’s reserves, to be altered to free up money.

He said a mechanism needed to be created to distribute support directly to people. Sergei Guriev, the former chief economist at the European Bank for Reconstruction and Development, said Russia should be spending around 10% of GDP. — Bloomberg

Posted by Cojack31 > 2020-04-08 16:18 | Report Abuse

Price will drop again. 30% or more.. stanby bullect guys

Posted by Cojack31 > 2020-04-08 16:45 | Report Abuse

Seller 17.5cts very high volume. So price cannot go up.

Posted by super_newbie > 2020-04-08 17:29 | Report Abuse

Trumph need funds for his president campaign. He need to take care of his financial supply allies, he will at least agreed to cut production till the president campaign ends.

Posted by JoshuaMS7 > 2020-04-08 20:13 | Report Abuse

if deal failed, how far can it go? 0.095?

Posted by tkl88 > 2020-04-08 22:10 | Report Abuse

Oil prices gain as OPEC meeting looms
OPEC+ expected to lower collective oil output substantially to trim some oversupply in global market
Ovunc Kutlu   | 08.04.2020
https://www.aa.com.tr/en/economy/oil-prices-gain-as-opec-meeting-looms/1797054

Posted by tkl88 > 2020-04-08 22:10 | Report Abuse

ANKARA
Crude oil prices were up on Wednesday as the upcoming meeting between OPEC and its allies, known as OPEC+, give hope to investors of potential support to prices.
International benchmark Brent crude was trading at $32.32 per barrel at 0620 GMT for a 1.4% increase after it closed Tuesday at $31.87 a barrel.
American benchmark West Texas Intermediate (WTI) was at $24.72 a barrel at the same time for a 4.6% gain after ending the previous day at $23.63 per barrel.
The oil producing member countries of OPEC+ will hold a teleconference on Thursday to discuss the low price environment and the supply-demand balance in the global oil market.
Due to the rapid spread of coronavirus, or the COVID-19 disease, weak economic activity around the world has lowered global oil demand, increasing the glut of supply in the market.
Saudi Arabia-led OPEC and Russia-spearheaded non-OPEC failed on March 6 to lower their collective output, causing a massive plummet in prices, which fell on March 30 to their lowest level since 2002.
The OPEC+ group is estimated on Thursday to lower their collective oil production level by between 10-15 million barrels per day in order to trim some of the oversupply.

Posted by tkl88 > 2020-04-09 03:41 | Report Abuse

OMG, Oil price was damn super hot man !
As at 3.25am,
Nymex => $25.75 ‪(+2.12) (+8.97 percent)
Brent => $33.33 ‪(+1.46) (+4.58 percent)

Posted by tkl88 > 2020-04-09 04:16 | Report Abuse

‪Wow, Fabulous!
As at 4.12am,‬
Dow Jones closed at=> 23,433.57 (+779.71) (+3.44%) !

Posted by tkl88 > 2020-04-09 04:38 | Report Abuse

Oh My goodness,
Oil price was unbelievable spike up to the sky high !
As at 4.35am,
Nymex => $26.‪09 (+2.46) (+10.41%)‬
Brent => $33.‪54 (+1.67) (+5.24%)‬

Posted by tkl88 > 2020-04-09 05:05 | Report Abuse

Oil Spikes After Algeria Says OPEC+ Cuts Could Reach 10 Million Bpd
By Julianne Geiger - Apr 08, 2020, 2:20 PM CDT

https://www.google.com/amp/s/oilprice.com/Energy/Oil-Prices/Oil-Spikes-After-Algeria-Says-OPEC-Cuts-Could-Reach-10-Million-Bpd.amp.html

The price of a West Texas Intermediate barrel of oil shot up on Wednesday afternoon by nearly 7% shortly after OPEC’s President gave the market fresh optimism about tomorrow’s virtual OPEC++ meeting.
“The meeting will undoubtably be fruitful in order to rebalance the market through measures we will take tomorrow,” Mohamed Arkab, OPEC’s President and Algeria’s Energy Minister told state news agency APS, according to Reuters.

While an intangible statement, the optimistic words spoken by the OPEC President seem to be just what the doctor ordered for the volatile markets as speculators try to make the most out of the oil-price plunge.
As a result of today’s spike, trading of the biggest oil ETF, the United States Oil Fund (USO), had been halted temporarily. Trading of the USO has since resumed. The USO is trading up 4.03% as of 3:03pm EDT.
All eyes remain on the potential deal that OPEC group may come up with tomorrow in what could be the largest oil production cut deal ever. Signatories to the deal could include, in addition to OPEC, Brazil, Norway, Canada, and all the OPEC+ countries that signed onto the previous deal. While some are hoping that the United States may join in the cuts, a formal agreement between the US and other oil producers appears unlikely.
Saudi Arabia and Russia, together responsible for producing more than 22 million barrels per day, are expected to make or break the chances of a production cut deal.

A 10 million bpd figure has been discussed by meeting attendees in the run-up to the meeting, although that figure would be insufficient to offset the loss in oil demand that the market has seen due to the coronavirus.

By Julianne Geiger for Oilprice.com

Posted by JJchan > 2020-04-09 09:21 | Report Abuse

Epf dumped 93mil in 2 days----very obvious during the massive plunged, it is Epf that supported
price all the way to 0.09cents. Dumping at 0.160, Epf makes 77% ( If i got this type of Free money,
i will do better then Epf( in my Dream ) )

Posted by tkl88 > 2020-04-09 09:32 |

Post removed.Why?

Posted by TEESH > 2020-04-09 10:53 | Report Abuse

run. syndicate provoke.epf dumping.

Posted by lancefire > 2020-04-09 11:51 | Report Abuse

@teesh Oh i see syndicate provoking epf to dump. Anything else?

Posted by JoshuaMS7 > 2020-04-09 11:51 | Report Abuse

yaya opec+ don't cut because of Trump? run run run!!

Posted by super_newbie > 2020-04-09 14:50 | Report Abuse

Saudi Arabia buys stakes worth $1 billion in European oil companies: WSJ
https://www.reuters.com/article/us-health-coronavirus-saudi-oil/saudi-arabia-buys-stakes-worth-1-billion-in-european-oil-companies-wsj-idUSKCN21R01W

That's why :))

Posted by yingkang87 > 2020-04-09 15:00 | Report Abuse

Buy lo if not too late, opec announce tonite!!

Posted by Wayne722 > 2020-04-09 15:56 | Report Abuse

Hopefully close at 0.175

Posted by tkl88 > 2020-04-09 16:42 | Report Abuse

Walaoeh, Oil price spike up like mad already !
It's definately indicating that the Opec + meeting will come out a deal of ouput cut !
As at 4.37pm,
Nymex => $26.14 (+1.05) (+4.18%)
Brent => $33.90 (+1.07) (+3.26%)

Posted by Cojack31 > 2020-04-09 16:48 | Report Abuse

Price peak already up based on sentiment. Will go down back . 10 to 20 % . Correction

Posted by tkl88 > 2020-04-09 17:57 | Report Abuse

OMG, Oil price continue to spike up sky high !
As at 5.55pm,
Nymex => $26.60 (+1.51) (+6.02%)
Brent => $34.20 (+1.36) (+4.14%)