Posted by Pcmont123 > 2020-06-19 16:05 | Report Abuse

Monday if not limit up then limit down.......

Posted by serpent100 > 2020-06-19 16:11 | Report Abuse

Guys pls remember
Oil up... Velesto maintain
Oil drop 1 %... Velesto drop 3%...
This call velesto... Luckily i cabut already....

Posted by mf > 2020-06-19 16:11 | Report Abuse

OPEC+ Confident Its Members Will Reach 100% Compliance

Posted by azlan2810 > 2020-06-19 16:12 | Report Abuse

The brent goes again to the higher level since the pandemic..this stock...Zzzzzzzz

Posted by investpeople > 2020-06-19 16:26 | Report Abuse

ya lor, velesto not moving up at all, stay flat between 15.5 to 16 sen. Why? IBs keep selling ?

Posted by Pcmont123 > 2020-06-19 17:01 | Report Abuse

大多筹码已经在庄家手上了。。。。就等好消息。。。。一次推高高

Posted by power88 > 2020-06-19 17:07 | Report Abuse

Oil price 40 usd

Posted by anson938 > 2020-06-19 17:35 | Report Abuse

ICE Brent Crude (Aug'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 10:23:03 AM BST
42.74
+1.23 (+2.96%)

Posted by JJchan > 2020-06-19 18:33 | Report Abuse

https://finance.yahoo.com/news/oil-resumes-weekly-rally-signs-221520791.html

Posted by sharewiz118 > 2020-06-19 21:10 | Report Abuse

ini kali lah

Posted by tkl88 > 2020-06-19 21:35 | Report Abuse

Wow, Amazing !
Oil price spike up crazily !

As at 9.28 pm,
Nymex=> $40.20 ‪(+1.36) (+3.50 percent)
Brent => $42.61 ‪ (+1.10) (+2.65 percent)

Posted by Allantanks > 2020-06-19 21:49 | Report Abuse

We are like a ship, where the captain is lazy and the crew are not working.

Posted by anson938 > 2020-06-19 22:37 | Report Abuse

Exactly!!!

Posted by anson938 > 2020-06-19 22:42 | Report Abuse

If these ship drive by someone, might be different..

Posted by obakh222 > 2020-06-19 23:30 | Report Abuse

Tug boat very strong but go nowhere la

Posted by Allantanks > 2020-06-20 00:17 | Report Abuse

That is the different of profit driven company, and a teh Tarik, nasi lemak plus goreng pisang is already one day mind set. Stop hiring those noob interns la. Operator with half the tickets also don't know how to steer. Shame to nation.

Posted by anson938 > 2020-06-20 01:21 | Report Abuse

Agreed!

Posted by Bear_Bull_N_Balls > 2020-06-20 08:18 | Report Abuse

It's funny how ppl think WTI/Brent price up means O&G counters up...you should look at Tapis instead

Posted by JJchan > 2020-06-20 12:01 | Report Abuse

Tapis and Nigeria "Bonny Light" are premium Oil. Price sit on Top of Brent. But both only accounts
less than 2% of World consumption. When Brent falls, normally Tapis collapsed like Current
Covid Economy-----Example: who got money to Buy BMW 7000 when Perodua also no
Demand

Posted by bullrun1985 > 2020-06-20 14:14 | Report Abuse

COLUMN-Oil prices no longer especially cheap after strong rally: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own)

By John Kemp

LONDON, June 19 (Reuters) - Oil prices are no longer particularly cheap by historical standards.

Perceptions about prices tend to be over-influenced by recent experience so current prices feel very low to producers used to receiving $60-80 per barrel over the 2018/19 period.

But over a longer time horizon, current prices are not especially cheap, and are only a little below long-run averages over the last few price cycles.

Current Brent prices at just over $40 per barrel are in the 49th percentile for all months since 1988, after adjusting for U.S. inflation (tmsnrt.rs/2V1lJea).

If prices were to settle at this level through the end of the year, the annual average would be just over $40, compared with an inflation-adjusted median of $50-55 since 1973.

The strong rally since April is a sign crude traders are confident about a sustained rebound in consumption over the rest of this year and that OPEC+ and U.S. shale producers will restrain output until excess stocks are absorbed.

As a result, the balance of risks has become more symmetrical than it was two months ago, when prices were clearly unsustainably low, which likely explains why the rally has lost some momentum over the last two weeks.

If the economic recovery and resumption in fuel demand proves more protracted, shale output does not fall as much as expected, or OPEC+ cohesion frays, price could pull back again.

But if a more optimistic scenario is realised (strong economic recovery, limited shale production, continued OPEC+ cohension), prices might continue to rise towards their pre-pandemic level of $55 or even $65 per barrel

Posted by mf > 2020-06-20 20:24 | Report Abuse

$190 oil sounds crazy. But JPMorgan thinks it's possible, even after the pandemic
By Matt Egan, CNN Business

Updated 0033 GMT (0833 HKT) June 19, 2020

Posted by JJchan > 2020-06-21 11:18 | Report Abuse

Maybe a temporary spike to 190 is possible bcos nearly All Oil major Co are cutting back on
Drilling. Two catalyst will support massive Oil spike. 1) Covid Vaccine by October ---almost certain
atleast 2 pharma will able to do it ( 10 pharma are rushing to put one on the market in 2021 )
2) Drug(s) that will cut down Covid spreading rapidly in Human Body----Spain has a steroid drug
that can cut down 30%----Russian just announce they are distributing a Drug to local Hospital( efficacy unknown----but Russian Scientists are second to none in the World )
3) China has reconfirmed buying $200 billion USA farms + Aero space + Auto parts "within 2 years"
This is a major boost to US economy

Posted by JJchan > 2020-06-21 11:38 | Report Abuse

Oil in June is no longer in Contango, it is now in backwardation------Basically it means Oil price
is more expensive if you want to buy today ( in a nut shell----shortage of Oil due lack of drilling )

Posted by Mabel > 2020-06-21 12:39 | Report Abuse

https://oilprice.com/Energy/Energy-General/JP-Morgan-Predicts-100-Oil....

JP Morgan Predicts $100 Oil
By Irina Slav - Jun 19, 2020, 9:00 AM CDT
JP Morgan's head of oil and gas research for EMEA: The reality is the chances of oil going toward $100 at this point are higher than three months ago.
The current situation is fundamentally no different, according to JP Morgan's analyst, who expects the oil market to swing into a deficit sometime in 2022.
21/06/2020 12:38 PM

Posted by bullrun1985 > 2020-06-21 14:09 | Report Abuse

@mabel, u r really an oil investor giant

Posted by Macgyver11 > 2020-06-21 16:21 | Report Abuse

https://finance.yahoo.com/news/big-oil-turnaround-negative-prices-060000227.html

Posted by lancefire > 2020-06-21 18:42 | Report Abuse

Oil price is much higher than April level but this counter's price is almost the same. As I've mentioned before, oil price doesn't affect this counter's price. There are many other factors that affects the company's finances besides oil price, such as shrinking demand and rig counts.

Having said that, I think the worse is still not over, price would still be going sideways at least until august.

Posted by Pattankhaw > 2020-06-22 06:38 | Report Abuse

Looks like this company is coming to an end causing pain in the arse shld not hv gone in too late to cry over spilt milk.,run by arsehole ppl now the result is here to justify. Probably doomed to bankrupt ,n v paid to suffer.

Posted by sharewiz118 > 2020-06-22 14:59 | Report Abuse

zzzzzzzzzzzzz........snoring..........

Posted by yingzhe17 > 2020-06-22 15:20 | Report Abuse

if can short selling, I think this counter all short till 0.01
management only one race and not willing to expand. those in the industry of O&G know this.

Posted by Mabel > 2020-06-22 21:12 | Report Abuse

Actually I'm looking forward to have IDSS..

Without IDSS, the highest 18.5 sen

With IDSS it can go as high as 41..

The operator need their capital and volumes to push the ship high..

Meow

Posted by Mabel > 2020-06-22 21:13 | Report Abuse

We retailers alone not enough volumes to push this ship to the next level..

Meow

Posted by DChosen2 > 2020-06-22 22:32 | Report Abuse

Bankrupt? Have to ask those big shareholders 1st like PNB, KWAP, KWSP. Best example, SAPURA lo. Rugi 4B+ still yet close shop.

Posted by DChosen2 > 2020-06-22 22:35 | Report Abuse

This company doing drilling business.. currently oil price rises one of the reason is supply lower due to oil rig count lowest in decade. Connect the dot yourself y cant up.

Posted by G C > 2020-06-22 22:39 | Report Abuse

Just pump Petrol....RON95 at RM1.59/l. petrol price adjust upward every week and Velesto price remain low.....apa ni.

Posted by anson938 > 2020-06-22 23:53 | Report Abuse

ICE Brent Crude (Aug'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 4:40:43 PM BST
42.59
+0.40 (+0.95%)

Posted by anson938 > 2020-06-23 06:46 | Report Abuse

ICE Brent Crude (Aug'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 11:00:00 PM BST
43.02
+0.83 (+1.97%)

Posted by mf > 2020-06-23 06:55 | Report Abuse

Oil jumps more than 1%, settles above $40 for first time since March

Posted by linheng > 2020-06-23 07:26 | Report Abuse

The last time Brent reach $43, Velesto went to 19 cents

Posted by MichelleNg > 2020-06-23 08:00 | Report Abuse

Have to wait crude oil above USD45 lo

Posted by Rajaswaran Tharmalingam > 2020-06-23 08:42 | Report Abuse

higher the crude, the better for us (maybe). lets hope for a good run... :)

Posted by HuatlaiOnglai > 2020-06-23 08:50 | Report Abuse

Oil price continue to increase with more demand coming on with countries come out form lockdown. 60% of oil goes into transportation with 10% of it goes into air transportation......

Posted by bullrun1985 > 2020-06-23 09:21 | Report Abuse

oil stock all drop

Posted by Stock Speak > 2020-06-23 09:56 | Report Abuse

Last time wont be like this time.. $30,$40 also this counter so malas push up .... so heavy...

Posted by MonsterX > 2020-06-23 12:05 | Report Abuse

Dont understand why all oil counter down while oil price already 43usd

Posted by yingzhe17 > 2020-06-23 13:28 | Report Abuse

Down coz velesto profits all go to one kind

Posted by anson938 > 2020-06-23 22:31 | Report Abuse

Allantanks,agreed with you.

Posted by sharewiz118 > 2020-06-23 22:53 | Report Abuse

zzzzzzzzzzzzzzzz.........snoring

Posted by ahmadyusri > 2020-06-23 22:57 | Report Abuse

so far most O&G counter still dont move despite brent oil rally for past few days. Going to watch Dayang tomorrow coz today announce 1st QR profit higher than last year. Hoping it will lead the O&G counter to move.

Posted by anson938 > 2020-06-23 23:11 | Report Abuse

ENERGY
Oil rises after Trump assurance on China trade deal
PUBLISHED TUE, JUN 23 20201:33 AM EDTUPDATED 3 HOURS AGO