ICON OFFSHORE BERHAD

KLSE (MYR): ICON (5255)

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Last Price

1.17

Today's Change

+0.03 (2.63%)

Day's Change

1.13 - 1.23

Trading Volume

5,657,500


11 people like this.

12,145 comment(s). Last comment by BursaVulture 11 hours ago

tkl88

8,712 posts

Posted by tkl88 > 2020-04-03 01:50 | Report Abuse

Walaeh, Oil price up crazily !
As at 1.47am,
Nymex => $24.56 ‪(+4.25) (+20.93%)‬
Brent => $29.85 ‪(+5.11) (+20.65%)‬

tkl88

8,712 posts

Posted by tkl88 > 2020-04-03 02:19 | Report Abuse

Oil prices surge after Trump claims Russia and Saudi Arabia agree deal - as it happened

https://www.google.com.my/amp/s/amp.theguardian.com/business/live/2020/apr/02/markets-us-jobless-claims-covid-19-economy-recession-coronavirus-business-live

Rolling coverage of the latest economic and financial news as oil prices jump by more than 30% and the US jobless report reveals scale of coronavirus damage
* US president claims oil production cut deal; Russia denies agreement
* US initial jobless claims hit record; 6.6m people signed on last week
* Earlier: One in four UK firms cut staff levels
* Coronavirus – latest updates
* See all our coronavirus coverage

13:11 EDT
Closing summary: Trump sends oil prices rocketing and US jobless claims soar
Donald Trump sent oil markets into an unprecedented buying frenzy on Thursday afternoon, after tweeting that Saudi Arabia and Russia had reached a deal on production cuts.
Russia poured cold water on the details, saying there had been no deal, but it still put oil futures prices on track for the biggest daily rise ever. At the time of writing Brent crude futures prices had gained 22%.
Here are the other important developments from today:
* More than 6.6m Americans filed jobless claims last week, by far the largest number in history and an indication that unemployment could reach a record high. Economists said it was one of the starkest indications yet of the scale of the economic pain already inflicted on the US.
* In the UK, the experimental data from the Office for National Statistics said that a quarter of UK companies are already cutting staffing levels “in the short term” due to the coronavirus crisis.
* British Airways confirmed that it will cut capacity by 90% year-on-year for April and May and furlough 30,000 cabin crew.
* British Gas owner Centrica has joined the ranks of companies cancelling their dividends. It also announced £400m in spending cuts this morning.
* National Express cancelled all of its services across the UK.
And of course you can continue to follow all of our coverage of the coronavirus pandemic.
In the UK, health secretary Matt Hancock says the government has written off £13.4bn of historic NHS debt:

apanama

3,796 posts

Posted by apanama > 2020-04-03 05:05 | Report Abuse

i just smile...:)

tkl88

8,712 posts

Posted by tkl88 > 2020-04-03 06:03 | Report Abuse

Dow Jones closed at=> 21,413.44 (+469.93) (+2.24%)

tkl88

8,712 posts

Posted by tkl88 > 2020-04-03 06:28 | Report Abuse

Oil surges 35% after Trump says he expects Saudi Arabia and Russia to end their price war
Shalini Nagarajan
Apr. 2, 2020, 05:51 AM

https://www.google.com/amp/s/markets.businessinsider.com/amp/news/oil-prices-jump-trump-comments-on-saudi-arabia-russia-deal-2020-4-1029057828

* Oil prices surged as much as 35% on Thursday after President Donald Trump said he expected Saudi Arabia and Russia to reach a deal that could end their price war and likely mitigate a sharp price collapse.
* Trump said he spoke with leaders in both countries as global demand for oil continues to evaporate while much of the world is in lockdown.
* A Saudi Arabia-Russia pact is expected to scale back a supply surge that led to US oil tumbling to an 18-year low earlier this week.
* Watch oil trade live here.

Oil rallied sharply on Thursday after President Donald Trump said he expected Saudi Arabia and Russia to cut back on oil production to save the drowning oil and gas industry.
Brent crude oil jumped as much as 47%, to $36.29, while West Texas Intermediate crude rose 35%, to $27.39, at intrasession highs. The resource started rallying on Wednesday after Trump first signaled a potential agreement between Saudi Arabia and Russia.
Trump provided different volume estimates in separate tweets, first mentioning a cutback of about 10 million barrels and then suggesting it could be "as high as 15 Million Barrels."
Trump said on Wednesday that he believed a deal would be reached within days. Such a deal is expected to lower production and bring prices back up.
Trump also said he had invited American oil executives to the White House to discuss measures to aid the oil industry, which has been hurt by a slump in demand due to both the coronavirus outbreak and the price war.
The oil strategy meeting would include CEOs from Exxon, Chevron, Occidental Petroleum, Devon Energy, Phillips 66, and Energy Transfer Partners, as well as the former Continental Resources CEO Harold Hamm, according to CNBC.

Posted by birkincollector > 2020-04-03 07:26 | Report Abuse

To the roof

tkl88

8,712 posts

Posted by tkl88 > 2020-04-03 13:03 | Report Abuse

Saudi Arabia calls for emergency oil meeting: state media
THU APR 2, 2020 / 10:55 AM EDT
Reuters
https://www.google.com.my/amp/s/mobile.reuters.com/article/amp/idUSKBN21K2AD

tkl88

8,712 posts

Posted by tkl88 > 2020-04-03 13:03 | Report Abuse

(Reuters) - Saudi Arabia called on Thursday for an emergency meeting of OPEC and non-OPEC oil producers as it aims to reach a fair oil agreement to stabilize the oil market, state news agency SPA reported.

Ken1008

78 posts

Posted by Ken1008 > 2020-04-03 15:24 | Report Abuse

Sold today at 0.065 with Good gain. Will Buy again after correction.

tkl88

8,712 posts

Posted by tkl88 > 2020-04-03 16:08 | Report Abuse

Wow, Oil price spike up crazily again !
As at 4.05pm,
Nymex => $25.46 (+0.14) (+0.55 percent)
Brent => $31.35 (+1.41) (+4.71 percent)

tkl88

8,712 posts

Posted by tkl88 > 2020-04-03 18:38 | Report Abuse

Wow, Amazing, Oil price continue to spike up !
As at ‪6.37pm,‬
Nymex => $26.52 ‪(+1.20) (+4.74%)‬
Brent => $32.77 ‪(+2.83) (+9.45%)‬

newkid

966 posts

Posted by newkid > 2020-04-03 21:10 | Report Abuse

if 6.5 sen can sustained few more days n let some contra players take profit, next level likely 8 to 9 sen. Once crude trade above 30, Icon for sure will b above RI price !!!!

tkl88

8,712 posts

Posted by tkl88 > 2020-04-03 23:20 | Report Abuse

Walaoeh, Unbelievable !
Oil price spike up like mad !
As at 11.10pm,
Nymex => $27.19 ‪ (+1.87) (+7.39 percent)
Brent => $33.71 (‪+3.77) (+12.59 percent)

tkl88

8,712 posts

Posted by tkl88 > 2020-04-03 23:52 | Report Abuse

Oil surges 13% on reports that OPEC and allies are working on a deal to cut production amid the coronavirus pandemic
Carmen Reinicke
Apr. 3, 2020, 10:27 AM

https://www.google.com.my/amp/s/markets.businessinsider.com/amp/news/oil-price-surges-report-opec-meeting-production-cuts-coronavirus-pandemic-2020-4-1029063327

* Oil prices surged Friday, continuing gains from the best day on record Thursday. 
* US West Texas Intermediate crude surged as much as 13% to $28.56 per barrel Friday, while Brent crude jumped 17% to $34.91 per barrel at its intraday highs.
* A Reuters report that OPEC and its allies will meet Monday to discuss a production cut amid the coronavirus pandemic fueled the gains. 
* Watch oil trade live on Markets Insider.
* Read more on Business Insider.

Oil climbed on Friday, extending gains from the best day on record Thursday, after OPEC and its allies said they will meet Monday to discuss a production cut amid the coronavirus pandemic, according to a Reuters.
US West Texas Intermediate crude surged as much as 13% to $28.56 per barrel after gaining 25% Thursday. International benchmark Brent crude jumped 17% to $34.91 per barrel at its Friday intraday highs, continuing the previous day's 21% gain. 
The cut could be around 10% of global supply, Reuters reported Monday, citing an OPEC source. The meeting to discuss a potential deal to curb production came after President Donald Trump told CNBC Thursday he expected Saudi Arabia and Russia to announce a deal to drastically cut oil production.

tkl88

8,712 posts

Posted by tkl88 > 2020-04-04 06:28 | Report Abuse

Superb, Oil Price closed at new record high !‬
Nymex => $28.97 ‪(+3.65) (+14.42%)‬
Brent => $34.83 ‪(+4.89) (+16.33%)‬

‪Next week definitely will break the USD $40 per barrel !‬
Huat ah ! Heng ah ! Ong ah !

DRwarrant

8,354 posts

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

OIL further STEAMINGGG ! ( 37 % so far this week )
those who pressed the Panic Button / Premature Ejaculated yesterday now BANG_ING head to the WALL 10 X !
huartt arrrr $....that 's why lately Bursa / KLSE market is steady & solid $$

TP >> ICON 15 SEN
ICON-WA 12 SEN

Mabel

23,721 posts

Posted by Mabel > 2020-04-04 13:59 | Report Abuse

Meow Meow Meow...

My Royal Fortune Icon is sitting on P5 in my Armada Fleets of Battleships.

Well done ICON and to all ICON Jedi...

Meow..

tkl88

8,712 posts

Posted by tkl88 > 2020-04-05 00:16 | Report Abuse

The alliance (OPEC+) is tentatively aiming to hold the virtual gathering on April 9 instead of Monday as it previously intended, a delegate familiar with the matter said.

tkl88

8,712 posts

Posted by tkl88 > 2020-04-05 00:17 | Report Abuse

Meeting suppose on April 6 (Monday), delayed to April 9 (Thursday).
So, got 3 more days for us to Sailang on O & G stocks before it’s share price spike up to sky high !
Huat ah ! Heng ah ! Ong ah !

tkl88

8,712 posts

Posted by tkl88 > 2020-04-05 06:44 | Report Abuse

(莫斯科4日讯)俄罗斯总统普京表示,俄罗斯准备好与沙地阿拉伯和其他主要产油国一道大幅削减石油产量,以阻止油价下跌。这一表态呼应了美国总统特朗普之前的说法。

“我们做好准备在OPEC+框架内与合作伙伴达成协议,并准备与美国在这个问题是进行合作,”普京周五在与政府高级官员和石油行业高管的视频会议上说。
 “我认为有必要共同努力,以平衡市场并减少产量。”
普京说,俄罗斯认为全球石油产量每天减少约1000万桶是可能的,并准备“在伙伴关系”的基础上参与。
普京的表态是俄罗斯首次证实特朗普周四通过推文发布的消息。推文称俄罗斯愿意参与减产,该消息推动布伦特原油价格一度暴涨47%。

Mabel

23,721 posts

Posted by Mabel > 2020-04-05 10:17 | Report Abuse

A 25 percent spike in oil prices in a single day is enough to make even the most cynical market observers believe a market rebound is upon us. The truth is, the movement you saw was nearly entirely sentiment-driven and has next to nothing to do with oil market fundamentals.

Oil prices shot up on Thursday on the back of a flurry of tweets from Trump and some positive noises coming out of Saudi Arabia about production cuts. But even a brief look at oil market fundamentals should be enough for market observers to understand that the current rally will be brief.

Those that have taken profits on Friday, well done. I have taken profits in quite a number of my collection of Battleships to lower my holding cost except for Dayang and Hibiscus since these two are still under collection mode.

I still believe all 3 parties will eventually comes to an agreements. Right now all these wayang is part of their negotiation strategies. So trade wisely and adapt to these developments.

Sayang my Royal Fortune..

Meow..

Posted by DreamKentut > 2020-04-05 10:22 | Report Abuse

It takes Trump or US to revive oil price.

Haters of US are made to look like jealous fools.

RedEagle

3,194 posts

Posted by RedEagle > 2020-04-05 11:58 | Report Abuse

Satay Kajang >RM1
Expensive than Icon..wait for what..just buy and hold dear

tkl88

8,712 posts

Posted by tkl88 > 2020-04-06 06:15 | Report Abuse

Dow Jones Futures spike up !
As at 6,15 am,
DJI futures at => 21,207.5 (+262.5) (+1.25%)

DRwarrant

8,354 posts

Posted by DRwarrant > 2020-04-06 08:27 | Report Abuse

ATTACCKKKKKKKKKKKKKKKKKKKKKKKKK !
TP ICON 20 SEN
ICON-WA 15 SEN

5354_

4,749 posts

Posted by 5354_ > 2020-04-06 09:14 | Report Abuse

Oil big up on Friday why no up today?

signalmw

3,314 posts

Posted by signalmw > 2020-04-06 09:16 | Report Abuse

Consolidation again

tkl88

8,712 posts

Posted by tkl88 > 2020-04-06 09:20 | Report Abuse

Dow Jones Futures spike up !
As at 9.17am,
DJI futures at => 21,555.0 (+598.0) (+2.85%)

tkl88

8,712 posts

Posted by tkl88 > 2020-04-06 10:23 | Report Abuse

Oil price wanted to turn green liao !
As at 10.20 am,
Brent => $32.91 ‪(-1.20) (-3.52%)‬

From this morning dropped -9 %
to now just dropped - 3% only !

Sonnykwaeh

770 posts

Posted by Sonnykwaeh > 2020-04-06 10:24 | Report Abuse

BUY NOW SURE MAKE MONEY TODAY AND TMR

5354_

4,749 posts

Posted by 5354_ > 2020-04-06 10:45 | Report Abuse

Brent USD 32 up 8%. If Brent USD 50-60 Icon up 100-200%?

tkl88

8,712 posts

Posted by tkl88 > 2020-04-06 11:18 |

Post removed.Why?

Mabel

23,721 posts

Posted by Mabel > 2020-04-06 12:41 | Report Abuse

Some Highlight on the latest developments..

1. China today plan to buy all the oil for its emergency reserves
2. Saudi Arabia and Russia would ultimately agree on production levels because low prices are “obviously very bad for them
3. Trump could impose ‘very substantial’ tariffs on oil imports, but doesn’t think he’ll need to do so

Meow Meow Meow

DRwarrant

8,354 posts

Posted by DRwarrant > 2020-04-06 12:45 | Report Abuse

OIL STEAMINGGGGGGG again !
TP ICOn 20 SEN , WA 16 SEN

newkid

966 posts

Posted by newkid > 2020-04-06 12:58 | Report Abuse

as far as 6.5 sen can sustained few more days, opec meeting with positive outcome, no extension of MCO, chances rally to RI price by next week !

tkl88

8,712 posts

Posted by tkl88 > 2020-04-06 14:10 | Report Abuse

Wow, Oil price going to turn green liao !
As at 2.07pm,
Nymex => $28.08 ‪(-0.26) (-0.92%)‬
Brent => $34.00 ‪(-0.11) (-0.32%)‬

tkl88

8,712 posts

Posted by tkl88 > 2020-04-06 22:34 |

Post removed.Why?

Mabel

23,721 posts

Posted by Mabel > 2020-04-06 23:30 | Report Abuse

Wah today so nice..

All my Battleships are up and running...

The gainers included Hibiscus Petroleum Bhd, Sapura Energy Bhd, Serba Dinamik, Icon, Dayang Enterprises Bhd, Bumi Armada Bhd, Velesto Energy Bhd, KNM Group Bhd and Alam Maritim Resources Bhd etc etc...

Basically all the 14 Battleships are up and running..

Meow...

Mabel

23,721 posts

Posted by Mabel > 2020-04-07 00:02 | Report Abuse

Moscow is ready for cooperation and interested in interaction with countries in order to stabilise the energy markets

Meow..

tkl88

8,712 posts

Posted by tkl88 > 2020-04-07 04:36 | Report Abuse

Wow, Fabulous,
Dow Jones closed at=> 22,679.99 (+1,627.46)(+7.73%) !

tkl88

8,712 posts

Posted by tkl88 > 2020-04-07 05:13 | Report Abuse

CNBC MARKETS
Dow soars 1,600 points as growth rate of new coronavirus cases appears to slow
PUBLISHED SUN, APR 5 2020 6:04 PM EDT
UPDATED MOMENTS AGO
Fred Imbert ,Silvia Amaro

https://www.google.com.my/amp/s/www.cnbc.com/amp/2020/04/05/stock-market-futures-open-to-close-news.html

Stocks jumped on Monday, rebounding from sharp losses in the previous week, as the number of new coronavirus cases in the U.S. appeared to slow down. 
The Dow Jones Industrial Average closed 1,627.46 points higher, or more than 7%, at 22,679.99. The S&P 500 gained 7% to close at 2,663.68 while the Nasdaq Composite surged 7.3% to 7,913.24. The major averages rallied to their session highs in the final minutes of the session, with the Dow briefly trading more than 1,700 points higher. 

Boeing gained more than 19% to lead the Dow higher. Raytheon Technologies, American Express and Visa rose more than 11% each. The S&P 500 was led higher by the utilities, consumer discretionary and tech sectors, all of which closed more than 7% higher. Retail stocks such as Nordstrom, Kohl's and Macy's also rose sharply. 

Investors were encouraged by data that shows a slowing in the number of daily U.S. coronavirus cases, although it is still early to determine a lasting trend. There were about 30,000 new cases on Thursday, 32,100 cases on Friday, 33,260 cases on Saturday, and then a slowing to just 28,200 new cases Sunday, according to the latest data from Johns Hopkins.

The Trump administration also noted on Sunday there are signs of stabilization in hospital rates, helping to lift Wall Street sentiment on Monday. Meanwhile, New York State reported 594 new coronavirus deaths on Sunday, fewer than 630 on Saturday, marking the first daily decline in coronavirus-related deaths.
"Incoming data suggests NY state might peak sooner than Cuomo's optimistic case," Tom Lee, head of research at Fundstrat, said in a note to clients. "With better visibility on the healthcare crisis in the US, particularly, on a potential to model a national peak, we believe buyers are now taking control."
Slowing death rates in Europe also offered up some hope that the U.S would be nearing its peak soon as well and that social distancing measures are working.

tkl88

8,712 posts

Posted by tkl88 > 2020-04-07 07:29 | Report Abuse

Oil price was so bullish !
As at 7.27am,
Nymex => 26.81 ‪(+0.73) (+2.80%) !‬

tkl88

8,712 posts

Posted by tkl88 > 2020-04-07 08:40 | Report Abuse

Wow, Oil price was so strong !
As at 8.38am,
Nymex => $26.96 ‪(+0.88) (+3.37%)‬
Brent => $33.72 ‪(+0.42) (+1.26%)‬

Mabel

23,721 posts

Posted by Mabel > 2020-04-07 08:51 | Report Abuse

Meow Meow Meow

BanglaMan

870 posts

Posted by BanglaMan > 2020-04-07 09:26 | Report Abuse

Lapsap counter

up88up

598 posts

Posted by up88up > 2020-04-07 10:12 | Report Abuse

wow 0.075 nice!

Sonnykwaeh

770 posts

Posted by Sonnykwaeh > 2020-04-07 10:13 | Report Abuse

AIYO PLEASE DONT BUY FOCUS .....EVERY BANK CAP THIS SHARE ONLY 1CTS
(ONE CENT CAP PRICE ) DOING FAKE ACCOUNT

newkid

966 posts

Posted by newkid > 2020-04-07 10:46 | Report Abuse

Our Tapis crude up 10% today, mother look very strong, look like some guys are collecting son also .I got six sense feeling mother n son are gearing up for big rally next week or this week !!

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