Posted by Hunter Cho > 2016-11-30 20:33 | Report Abuse

just stick with profit making company during this low price when prices move up, this company will do more growth

Posted by BN_menang > 2016-11-30 21:50 | Report Abuse

Oil prices jump 7% as OPEC mulls production cut
http://www.usatoday.com/story/money/business/2016/11/30/oil-production-opec-meeting-vienna-saudi-arabia-iran/94652618/

Posted by Hunter Cho > 2016-12-01 01:18 | Report Abuse

The reduction by Opec will be "1.2mn barrels per day, to bring its ceiling to 32.5mn barrels per day," HE Dr Mohamed bin Saleh al-Sada told a news conference in Vienna.
He said that non-member Russia has committed to reducing its output by 300,000 barrels per day, half of a hoped-for 600,000 barrels per day from outside the cartel.

Posted by SHQuah > 2016-12-01 11:12 | Report Abuse

Don't sell.
f you sell now you can never buy back at this low price.

Posted by Hunter Cho > 2016-12-01 23:38 | Report Abuse

the OPEC deal will be a turning point for oil & gas industry

Posted by Barclays > 2016-12-01 23:39 | Report Abuse

OPEC deal will be.ruined by USA

Posted by Barclays > 2016-12-01 23:40 | Report Abuse

Trump pro energy policy would ramp up shale oil production during higher oil price. Thus,offsetting the gains

Posted by Barclays > 2016-12-01 23:41 | Report Abuse

Statistics shows that USA has the highest oil reserves. No doubt they can boost oil production fast.

Posted by Hunter Cho > 2016-12-01 23:46 | Report Abuse

The impact of shale will be limited because oil produced in US is insufficient to support the power hungry US industries

Posted by Hunter Cho > 2016-12-01 23:48 | Report Abuse

Also when Trump is installed officially at the white house, he will work on IRAN....imaging how the oil price will go from there

Posted by Hunter Cho > 2016-12-01 23:50 | Report Abuse

Trump does not like the IRAN deal

Posted by Hunter Cho > 2016-12-01 23:51 | Report Abuse

this is why Trump is good for oil

Posted by bluedolphine > 2016-12-02 10:08 | Report Abuse

I think this stock would provide the best exposure to the turnaround of the malaysia o&g industry.
The financials are strong (cash flow positives), newer assets and being backed by a strong shareholder with deep pockets (ekuinas).

Posted by SHQuah > 2016-12-04 11:11 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/12/03/eye-on-stock-icon-offshore/

(Icon; Code: 5255) never had it easy shortly after its maiden listing on the Main Market under the trading/services sector on June 25, 2014.

The shares debuted at RM2.10 against an initial public offer (IPO) of RM1.85 and rallied to a high of RM2.19 on the same day.
Soon, prices reversed trend in the wake of selling, pulling Icon below its IPO price for the first time on July 9, 2014.

Thereafter, Icon was on the downward spiral on persistent liquidation pressure, touching an all-time low of 25 sen.

Since finding a shelter on Aug 25, 2015, this stock traded range-bound on consolidation, viewed as base building process.

Based on the daily chart, nothing has changed. Although Icon appears to have found the bottom, it is still trapped inside the relatively wide “rectangular box” on extended correction process and continuing to construct a solid platform for recovery.

But with crude oil prices spiking on renewed buying after Organisation of the Petroleum Exporting Countries (Opec) reached a deal to limit output, Icon, which is an oil and gas-related counter, may firm in the short-term, riding on the strength of the black commodity.

Initial resistance is anticipated at the 40 sen mark. A decisive breakout of the upper heavy barrier of 45.5 sen will signal a bullish turnaround and investors are advised to look out for that.

Posted by John Lu > 2016-12-04 11:27 | Report Abuse

Hopeless stock...all glc sure go holland

Posted by Hunter Cho > 2016-12-05 00:33 | Report Abuse

GLCs like petronas, sime darby, felda?

Posted by Hunter Cho > 2016-12-07 23:06 | Report Abuse

GLCs usually become giant stocks?

Posted by Hunter Cho > 2016-12-11 03:25 | Report Abuse

Azerbaijan, Kingdom of Bahrain, Brunei Darussalam, Equatorial Guinea, Kazakhstan, Malaysia, Mexico, Sultanate of Oman, the Russian Federation, Republic of Sudan, and Republic of South Sudan commit to reduce their respective oil production, voluntarily or through managed decline, in accordance with an accelerated schedule. The combined reduction target was agreed at 558,000 barrels a day for the aforementioned producers.

Posted by Hunter Cho > 2016-12-11 03:29 | Report Abuse

oil & gas industry is really at the turning point now

Posted by arcadicus > 2016-12-12 16:11 | Report Abuse

HOHOHOHO....!!!!
brent climb to $57.....
keep for longterm.....

HOHOHOHO!!!

Posted by BN_menang > 2016-12-12 17:32 | Report Abuse

Oil soars as non-OPEC producers agree on caps
Read More : http://www.nst.com.my/news/2016/12/196199/oil-soars-non-opec-producers-agree-caps?utm_source=nst&utm_medium=nst&utm_campaign=nstrelated

Posted by Hunter Cho > 2016-12-12 23:47 | Report Abuse

i can't wait for trump and rex tillerson to come on board Big time for Oil for sure!!!

Posted by SHQuah > 2016-12-13 14:13 | Report Abuse

I'll continue buying if oil price continue go up.
Once u sold, u can't get back at this price. Later u may even buy back at higher price.
Petronas may adjust the charter rate higher next year if oil price stay above US$55
The ICON should start making a lot of profit.

Posted by SHQuah > 2016-12-13 16:46 | Report Abuse

NTA - net tangible Asset = RM0.6079
still below actual value......BUY BUY FAST

Posted by Hunter Cho > 2016-12-14 02:14 | Report Abuse

ICON is used to operating at 45% utilisation rate, this is highly efficient...

Posted by SHQuah > 2016-12-14 14:46 | Report Abuse

ICON under PNB
Don't have to worry

Posted by SHQuah > 2016-12-14 16:51 | Report Abuse

Election is coming.
Tabung Haji, PNB & EPF need a lot of $$ to support government for Election.
They need push the stock market price up to get voter confident.
2017 is going to be a very good year for oil and Gas stocks.

Posted by Hunter Cho > 2016-12-14 20:30 | Report Abuse

rex tillerson is a great man i am glad he is chosen...

Posted by Hunter Cho > 2016-12-15 11:48 | Report Abuse

if break 50 this will be the biggest turnaround story yet for ICON

Posted by SHQuah > 2016-12-15 16:54 | Report Abuse

http://www.theedgemarkets.com/my/article/oil-prices-stabilise-after-fed-hike-tighter-market-looms

ANZ bank said on Thursday that oil markets would move into a substantial deficit in the first quarter of 2017 if the Organization of the Petroleum Exporting Countries (OPEC) and other producers led by Russia go through with their announced cuts of almost 1.8 million barrels per day (bpd) in output.

"This will likely push oil prices well above US$60 per barrel early next year," it said.

Posted by m_aloha > 2016-12-16 01:50 | Report Abuse

definitely good company to invest mid/long term & with 'big' investors is still keeping their stock.. buy while it's still affordable. It has been long ~3years of down cycles for O &G and let see if can reach USD60..

Posted by Hunter Cho > 2016-12-19 18:00 | Report Abuse

this will test the CEO whether he could bring in more contracts when the oil & gas turnaround, no more excuses if the oil price is back at USD 60-70...

Posted by SHQuah > 2016-12-20 09:14 | Report Abuse

ICON start moving......going for 0.40 soon.

Posted by arcadicus > 2016-12-20 09:59 | Report Abuse

wahh....really good news....HOHOHO....

Posted by Hunter Cho > 2016-12-20 11:49 | Report Abuse

aiya no more secret...

Posted by sheep > 2016-12-20 12:41 | Report Abuse

sell on news...

Posted by SHQuah > 2016-12-20 15:05 | Report Abuse

No plan to sell. Will hold until end of next year.
Can make more than 100% profit if oil price hit $70 next year.

Posted by raysim88 > 2016-12-20 17:54 | Report Abuse

waiting rebound back to IPO price

Posted by arcadicus > 2016-12-20 18:20 | Report Abuse

raysim88 waiting rebound back to IPO price
20/12/2016 17:54

whats the IPO price again??

Posted by Hunter Cho > 2016-12-20 22:37 | Report Abuse

aiyo sheep what is there to sell? don't be cheap FD can already get 4.5%

Posted by pakatan_harapan2 > 2016-12-21 09:21 | Report Abuse

Rafizi Ramli, where are you? How much is Tabung Haji loss in Icon since IPO?

Posted by speakup > 2016-12-21 09:22 | Report Abuse

blame the Doktor Gigi Jamal

Posted by pakatan_harapan2 > 2016-12-21 09:38 | Report Abuse

Now Doktor gigi no more in Icon but Tabung Haji still Icon shareholders and suffer big loss. So how?

Posted by Hunter Cho > 2016-12-21 11:15 | Report Abuse

in the first place, doctor gigi should not have been appointed to run oil& gas company this was a mistake. now new CEO and management with suitable experience...

Posted by Hunter Cho > 2016-12-21 11:17 | Report Abuse

tabung haji will get their money and profit back soon from the new team

Posted by SHQuah > 2016-12-21 16:37 | Report Abuse

If everyone can cooperate, stop selling.
Sure all ICON share holders will get big ANG POW before Chinese new year.

Posted by mafia168 > 2016-12-21 16:56 | Report Abuse

Hmm...... 2 years ago, not very long.....

Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.85
Par Value: RM 0.50

Dates:
Offer Period Open: 30-05-14
Offer Period Close: 6-06-14
Tentative listing date: 25-06-14

Posted by Hunter Cho > 2016-12-22 02:05 | Report Abuse

in short, every oil producing country wants the oil price to go higher than now

Posted by SHQuah > 2016-12-22 10:34 | Report Abuse

Time to kill off contra players. only then can break 0.37

Posted by mafia168 > 2016-12-22 22:51 | Report Abuse

not many contras here, but there are many speculator in counter such as hibiscus & KNM