"Oil prices turned lower on Tuesday, falling by about $2 a barrel as U.S. President Donald Trump said progress has been made with Iran, signaling tensions could ease in the Mideast."
"Brent crude futures were down $2.56 or 3.7% at $63.86 a barrel, after hitting a session high of $67.09."
"West Texas Intermediate crude futures fell by $2.46 or 4.2% to $57.09 a barrel"
Some silly buggers still trading with T+ 2. The buayas will trap you, and you will lose your pants.Then you will commit suicide when you lose more than all your money. Stay cool on the side line
"Oil prices fell on Thursday, extending declines into a fourth day, after official data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season."
"Brent crude futures were down 15 cents, or 0.2%, at $63.51 a barrel by 0044 GMT. They fell 1.1% on Wednesday."
"U.S West Texas Intermediate crude futures fell 26 cents, or 0.5%, to $56.52. The U.S. benchmark dropped 1.5% in the previous session."
Carimin is not oil producer, the short term oil price retreat will not impact its earning outlooks. Also take note there is new contract awarded and the announcement made.
what rubbish?..he is correct la . ..so many people wanted to invest in ONGC and make their calls solely based on Brent price movement, which is not necessary correct.
Hello... confirm rubbish, if oil price too low many vessels have to be shut down to stop production . Which means lesser maintenance for carimin dayang velesto etc
Omg...the short term price volatile or retreat will impact those service n maintenance sections...that is the good advise from people who said knows the segment business. Thanks for your comments and good luck.
"Oil settled lower on Friday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week’s hurricane in the region."
"U.S. West Texas Intermediate crude futures fell $1.48 — or 2.6% — to settle at $55.30. The U.S. benchmark dropped 1.5% in the previous session, and 3% on Wednesday."
"Brent crude futures fell $1.94, or more than 3%, at $61.72 a barrel by 2:36 p.m. ET. They fell 1% on Thursday, and 3% on Wednesday."
How many O&G companies are having steady fundamental growth with dividend payout, healthy cash flow, and almost debt, also amazing things is stock price up more than 200% with a year? Does this still the worst investment?
I paid 1 MYR or so, for this investment and it was going down and down. :-(( I guess it was like being in a bad marriage for too long. Should have exited by stop loss order as obviously my research was wrong. I remember 1 guy in charge of this company did not have much experience in managing oil project, and it seemed a bit risky (5 years ago). Not sure if that changed.
Just added my 5 cents to indicate possible investment profiles of shareholder. I will give it some time, would be unwise not get a bit of profit after all those bad years.
For me, Carimin so far a comfortable investment and I've no problem holding at current price even top up a little little bit every time when price retreated, we will not stay at this price for long especially the QR month is coming at the corner.
Note: If you cannot convince yourself at the current price then better sell it out then look for some other investment opportunity,
"Oil prices plunge further on Wednesday, extending recent heavy losses as deepening U.S.-China trade tensions weighed on the outlook for the global economy and energy demand, sets new seven-month low on trade tensions."
"Brent crude futures were down 3.56%, at $56.84 a barrel, setting a fresh seven-month low. Prices have lost more than 20% since hitting their 2019 peak in April. U.S. West Texas Intermediate (WTI) crude futures were down 3.8%, at $51.57."
"Brent has plunged more than 10% over the past week after U.S. President Donald Trump said he would slap a 10% tariff on a further $300 billion in Chinese imports from Sept. 1, sending global equity markets into a tailspin."
BIG PRICE CORRECTION IN OIL & GAS STOCKS COMING VERY SOON AS OIL PRICE PLUNGE TOWARDS USD50/BARREL
Good results but when KLSE turns red, it all follows the flow and this is negative outlook. Sorry state but maybe cash is king now. Keep cash and wait for the really low prices on all good shares that is available.
The first time Calvin promoted this counter share price was at 80 cents. Let us see and monitor his long term performance using this tracked portfolio.
The quarter result should be out either today or tomorrow. I think Q4 might see a record high revenue and the YoY should see a large improvement as compared to the last Q4.
23-Aug-2019 Insider ENCIK WAN HAMDAN BIN WAN EMBONG (a substantial shareholder) disposed 1,000,000 shares on 20-Aug-2019. 23-Aug-2019 Insider PLATINUM CASTLE SDN. BHD. (a substantial shareholder) disposed 1,000,000 shares on 20-Aug-2019. 23-Aug-2019 Insider WHE BINA SDN. BHD. (a substantial shareholder) disposed 1,000,000 shares on 20-Aug-2019.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
CaptainVeryKeng
419 posts
Posted by CaptainVeryKeng > 2019-07-15 16:40 | Report Abuse
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