Posted by B4b4 > 2018-11-15 16:06 | Report Abuse

Reach share price is grossly undervalued. The NTA is 74s and their oil and gas reserves is FANTASTIC

Posted by Jeffrey Ng > 2018-11-15 16:07 | Report Abuse

reach come back up 39s...

Posted by Nicholasming91 > 2018-11-15 16:08 | Report Abuse

Ya their nta is higher than hibiscus

Posted by Ziko Ro > 2018-11-15 16:11 | Report Abuse

39.5 kah kah

Posted by B4b4 > 2018-11-15 16:17 | Report Abuse

Now that the oil price has stabilize , even the renowned oil trader Mr Mark Fisher said it is time to buy oil, then this is the golden opportunity to buy Reach shares cheaply.

Posted by Ziko Ro > 2018-11-15 16:19 | Report Abuse

B4b4. Pure investor. Tahniah.

Posted by Ziko Ro > 2018-11-15 16:21 | Report Abuse

Tomorrow if good fuel prices can catch 40 sen tomorrow.

Posted by Jeffrey Ng > 2018-11-15 16:32 | Report Abuse

sometime i dun understand, see back reach price chart for past 3 mths... when reach at 0.39 during mid sept. brent oil is at 78++. but today when reach at 0.39 the brent oil is at 66++.. so if brent oil now shoot back to 80 reach become 50++??

Posted by Lai Hm > 2018-11-15 16:34 | Report Abuse

Jeffrey Ng, its not only brent price mah, trade war also and investor sentiments also important mah...

Posted by Nicholasming91 > 2018-11-15 16:35 | Report Abuse

Jeff if oil shoot back up plus QR good, u will see IPO price .

Posted by speakup > 2018-11-15 16:36 | Report Abuse

going to breakeven :-)

Posted by speakup > 2018-11-15 16:38 | Report Abuse

i never expected Reach to drop sooooo much.

Posted by Jeffrey Ng > Nov 15, 2018 04:32 PM | Report Abuse

sometime i dun understand, see back reach price chart for past 3 mths... when reach at 0.39 during mid sept. brent oil is at 78++. but today when reach at 0.39 the brent oil is at 66++.. so if brent oil now shoot back to 80 reach become 50++??

Posted by B4b4 > 2018-11-15 16:53 | Report Abuse

39s ....GONE CAN OR NOT

Posted by Nicholasming91 > 2018-11-15 17:10 | Report Abuse

So.... tonight any spike party ? Who wanna join

Posted by Nicholasming91 > 2018-11-15 17:11 | Report Abuse

EIA report at 11.30pm , be prepared

Posted by B4b4 > 2018-11-15 17:31 | Report Abuse

API ie American Petroleum Institute usually measures oil inventories from the wellhead to the retail outlet whereas EIA ie Energy Information Administration measures oil inventories from US firms and government departments.

Posted by B4b4 > 2018-11-15 17:32 | Report Abuse

That is why EIA report is the official one

Posted by Alibaba > 2018-11-15 20:01 | Report Abuse

Do update us on EIA report outcome ya. Thanks b4b4
Be strong warrior of Reach

Posted by B4b4 > 2018-11-15 20:17 | Report Abuse

WTI crude price is down simply because of pipeline woes in the Permian Basin causing bottleneck in the midstream. Hence the WTI crude have to sell cheaply. Furthermore, China impose tariff on US oil. However, for Brent it is different.

Posted by Alibaba > 2018-11-15 20:59 | Report Abuse

USD/MYR 1/4.2 now low... guys please be reminded that oil export counted by USD. Profit up again in next QR

Posted by Ziko Ro > 2018-11-15 21:12 | Report Abuse

Brent 66.95 910PM

Posted by Ziko Ro > 2018-11-15 21:18 | Report Abuse

Fuel price constant 67 above until closing still ok. Afraid donald trumpet will blowing his trumpet when fuel price high.

Posted by WealthSoWonderful > 2018-11-15 21:31 | Report Abuse

Brent holding well around 66 - 67 range. Could be hitting 70s again fairly soon.

Posted by B4b4 > 2018-11-15 22:14 | Report Abuse

Hi Ali baba, not to forget, Reach pay their employees in Kazakhstani Tengi which is also very cheap, hence operating expenses very low

Posted by FortuneBlooming > 2018-11-15 22:22 | Report Abuse

All exported goods are priced in USD. So export-based companies gain the forex advantage when local currency is low relative to USD.

Posted by Nicholasming91 > 2018-11-15 22:29 | Report Abuse

Reach dont even have to export, they deliver by pipelines

Posted by Alibaba > 2018-11-15 22:46 | Report Abuse

Hi B4b4, yes ! Low operating cost with maximum profit. Lets hope Brent price to be constant or shooting up soon !

Posted by PresidentRotiCanai > 2018-11-15 22:57 | Report Abuse

ABU DHABI (Reuters) - When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so.

But Saudi Arabia did not receive advance warning when Trump made a U-turn by offering generous waivers that are keeping more Iranian crude in the market instead of driving exports from Riyadh's arch-rival down to zero, OPEC and industry sources say.Angered by the U.S. move that has raised worries about over supply, Saudi Arabia is now considering cutting output with OPEC and its allies by about 1.4 million barrels per day (bpd) or 1.5 percent of global supply, sources told Reuters this week.

"The Saudis are very angry at Trump. They don't trust him any more and feel very strongly about a cut. They had no heads-up about the waivers," said one senior source briefed on Saudi energy policies.

Washington has said the waivers are a temporary concession to allies that imported Iranian crude and might have struggled to find other supplies quickly when U.S. sanctions were imposed on Nov. 4.

U.S. Secretary of State Mike Pompeo said on Nov. 5 that cutting Iranian exports "to zero immediately" would have shocked the market. "I don't want to lift oil prices," he said.

A U.S. source with knowledge of the matter said: "The Saudis were going to be angry either way with the waivers, pre-briefed or even after the announcement."

A U.S. State Department official said: "We don’t discuss diplomatic communications."

The U.S. shift toward offering waivers adds to tension between the United States and Saudi Arabia, as Washington pushes for Riyadh to shed full light on the murder of Saudi journalist Jamal Khashoggi in the Saudi consulate in Turkey.

"The Saudis feel they were completely snookered by Trump. They did everything to raise supplies assuming Washington would push for very harsh Iranian sanctions. And they didn't get any heads up from the U.S. that Iran will get softer sanctions," said a second source briefed on Saudi oil thinking.

Saudi energy ministry did not respond to a Reuters request for comment.

Since the summer, Riyadh has led the Organization of the Petroleum Exporting Countries, Russia and other producers to hike supplies by over 1 million bpd to keep a lid on prices as U.S. sanctions were imposed.

Brent oil had surged above $86 a barrel in October on tight supply worries, but prices have since slid to $66 on concerns about oversupply.

UNEXPECTED WAIVERS

Trump had wanted lower oil prices before the U.S. midterm elections earlier this month. Washington gave waivers in November to eight buyers to purchase Iranian oil for 180 days. This was more waivers than were initially expected.

Saudi Crown Prince Mohammed bin Salman, a key Trump administration ally, wants prices at $80 or more for his economic reforms, sources familiar with Saudi thinking say.

"The waivers were totally unexpected, especially after calls to raise output. A few people are upset," said a senior Gulf oil source familiar with the discussions among OPEC and its allies on output policy.

While the United States set a time limit for the waivers, it did not tell the eight recipients how much oil they could buy and has not eased payment restrictions, complicating purchases.

Iran's oil exports are expected to drop sharply to about 1 million bpd in November from a peak of 2.8 million bpd earlier this year. Although output is expected to recover from December thanks to waivers, it is still not clear by how much.

Riyadh's concern is to avoid the kind of oversupply in the market that led to a price collapse in 2014 to below $30.

But the lack of clarity about the level of Iran's supplies makes it tough for Saudi Arabia to work out appropriate production levels, especially after Russia raised output steeply in recent months and has said it wanted to produce more in 2019.

Saudi Arabia would need to convince Russia to join in any move for new supply cuts.

"First the Saudis let oil prices rise to $86 per barrel and then flooded the market. Can they now cut back enough going into a seasonally weak time of the year? Without Russia it won't be credible," said Gary Ross, CEO of Black Gold investors.

Saudi Arabia must also contend with rising U.S. production that has hit record levels above 11 million bpd and is set to climb further next year. U.S. exports could surge from the second part of 2019 when new pipeline infrastructure opens.

Rapidan Energy Group said it saw a supply glut now lasting much more than just a few months in 2019.

"Now that the market has correctly priced weaker-than-anticipated Iran sanctions and much bigger inventory builds next year, we wish to emphasize that 'OPEC plus' officials face more than a single-year supply tsunami in 2019," Rapidan said.

(Additional reporting by Timothy Gardnera and Humeyra Pamuk in Washington; Writing by Dmitry Zhdannikov; Editing by Edmund Blair)

Posted by FortuneBlooming > 2018-11-15 23:02 | Report Abuse

Russia is already on OPEC's side. The two are tight allies in oil now. The Russians will not need any convincing.

It is in fact becos of OPEC's strong alliance with Russia that OPEC now dares to stand up to American bullying.

Posted by Nicholasming91 > 2018-11-15 23:02 | Report Abuse

I alrdy expected Saudi and russia kena fooled. Now only see how they react and fight back

Posted by MoneyAndHoney > 2018-11-15 23:05 | Report Abuse

Yep. Something like that, roughly.

Posted by GoldenHarvest1 > 2018-11-15 23:14 | Report Abuse

Mr. PresidentRotiCanai, I guess you did not even read the names at the end of your copy-pasted article.

Humeyra Pamuk is an Arab woman. While Dmitry Zhdannikov is quite obviously a Russian man. Now, what does that tell you about Arabian-Russian cooperation.

Posted by Alibaba > 2018-11-15 23:17 | Report Abuse

Brent is back to $67... go go go !

Posted by Nicholasming91 > 2018-11-15 23:18 | Report Abuse

Ready for EIA ! Gogogo bad results come out

Posted by toffeemoose > 2018-11-15 23:20 | Report Abuse

really feel like i am part of an evil alliance to drive up the oil prices...

lol

Posted by Alibaba > 2018-11-15 23:20 | Report Abuse

Maybe from the current bullish brent price, the EIA result should be bad ~

Posted by GoldenHarvest1 > 2018-11-15 23:21 | Report Abuse

Humeyra Pamuk, journalist.

https://journalism.columbia.edu/files/soj/styles/full/public/content/image/2017/24/pamuk.jpg?itok=Whh5cABs

http://s3.amazonaws.com/media.muckrack.com/mrdaily/site/images/2014/01/humeyrapamuk_1390479561000.jpeg

https://pbs.twimg.com/profile_images/439822518602723329/yHnaponj.jpeg

Posted by ProsperousRealm > 2018-11-15 23:26 | Report Abuse

Better quit the sentimentality, ToffeeMoose. We're all in the oil business now. Oil is our commodity. Now, tell me, you want to sell your merchandise for chicken feed, or at a more proper price.

Posted by Lai Hm > 2018-11-15 23:31 | Report Abuse

Tmr gap up!

Posted by GrowingRich > 2018-11-15 23:33 | Report Abuse

That's right. We're all shareholders of Reach Energy. How could we be simply be going along with anyone who tells us that we should be selling our product at shit cheap. No way, man. They can go to hell.

Posted by Nicholasming91 > 2018-11-15 23:36 | Report Abuse

No loss, only profit ! EIA at 12am

Posted by CoolBull > 2018-11-15 23:43 | Report Abuse

Say, how about we all gang up & whup Donald Trump's arse. Now, I don't mean bang him like you bang your woman, of course. But bang him like with a big piece of wood, until he pees & shits in his pants.

Posted by B4b4 > 2018-11-15 23:46 | Report Abuse

To win in anything, the first thing to do is to control oil. Opec leader Saudi and Russia felt so cheated by Trump, surely they will hit him back by pushing up oil price and squeeze Trump.

Posted by Want2Win > 2018-11-15 23:47 |

Post removed.Why?

Posted by Want2Win > 2018-11-15 23:47 | Report Abuse

Bang Donald!!!

Posted by toffeemoose > 2018-11-16 00:01 | Report Abuse

dun get the wrong idea...i am all game guys....else i cabut if i dun have the balls... :D

Balls and Bang Donald....why does it sound so romantic... :P

Posted by ran777rpt > 2018-11-16 00:05 |

Post removed.Why?

Posted by DreamConqueror > 2018-11-16 00:09 | Report Abuse

I would love to bang Donald's arse with a big piece of wood. Until he shits & pees in his pants. Just like CoolBull said.

That said, I would also love to bang his woman, exactly the way a woman is supposed to be banged. Just to help him out with his nightly husbandly duties, becos he can no more fulfil those to her full satisfaction.

Posted by toffeemoose > 2018-11-16 00:11 | Report Abuse

wow...dats a quite a spike in supply...ouchh...

anyway...some folks out there gonna be kinda pissed....

Go OPEC gooo!

Posted by Nicholasming91 > 2018-11-16 00:13 | Report Abuse

Many said is fake report ahahha