I3investor most experienced investors, traders, punters gather to exchange their views on current stocks! Beware! Most of their views may not be suitable for those under 90s!
The Star reported today that SapuraKencana Petroleum, Hibiscus Petroleum, Sona Petroleum, CLIQ Energy and Coastal Energy are interested to bid for US-based Murphy Oil Corp’s proposed sale of a 30% stake in its Malaysian oil & gas assets, which could be worth US$2bil-US$3bil (RM6.6bil-RM9.9bil). The indicative market value translates to up to 3.3x the US$898mil (RM3bil) acquisition value of Newfield’s Malaysian assets by SapuraKencana, which was completed recently.
Murphy currently has majority interests in five separate production sharing contracts – Block K, Block H, Block SK309, Block SK311 and SK 314, as well as three gas holding agreements in Block PM311. In 2012. Murphy’s Malaysian assets generated revenue of US$2.4bil and operating profit of US$894mil. As at 31 Dec 2012, its assets were worth US$4.8bil, with oil reserves of 95.7mil barrels of oil and natural gas reserves of 357.6bil cubic feet.
Tessa, pl sumarize the story n congrats u that your fear of price turn ugly after lifting of suspension, looked good, i mean yr habis. So dont b fear by yr own shadows.
I think i have matured in trading. I didnt feel fear at all after tadmax heavy selldown. If that happens last year when i was only few months old, my heart sure beat fast 200beats per sec n blood shoot high n will start to simply sell. I was cool n claim n nerves seem putus, no feeling at all. Need to see doc.
Posted by CityTrader > Feb 21, 2014 10:58 AM | Report Abuse
I think i have matured in trading. I didnt feel fear at all after tadmax heavy selldown. If that happens last year when i was only few months old, my heart sure beat fast 200beats per sec n blood shoot high n will start to simply sell. I was cool n claim n nerves seem putus, no feeling at all. Need to see doc.
- agreed, when you conquered fear, half way there (to success) already! :D ..
CT, omg u arrr!! OK i got this before the suspension of trading, Tadmax may move higher after printing a new 52-week high. Purchase can be made if it stays above MYR0.55, with a close below MYR0.53 as stop loss. Price target is MYR0.65, if the MYR0.60 resistance is broken. Failure to stay above MYR0.55 could see the stock trade sideways and further support is at MYR0.50.
Posted by CityTrader > Feb 21, 2014 10:55 AM | Report Abuse
Tessa, pl sumarize the story n congrats u that your fear of price turn ugly after lifting of suspension, looked good, i mean yr habis. So dont b fear by yr own shadows.
--CT thanks. Big hug. I am still not sure why the suspension. But I heard over the 14 licence Lime managed to secure in Norway
Sa, aku pun nampak suam suam kuku. Mungkin sebab official news tak keluar. Tapi dulu memang masa Lime dapat License sampai limit up. Aku rasa Hibiscus ada potential dapat Murphy punya hehehe
CT, aku rasa Sa, masa kena dengan hisbiscus dan dsscol aku tengok sedih diam dan paralyzed. Tak tahu le kut kat belakang dia nangis meraung kat CT hehehe
YS you are right indeed, I'm paralyzed I dunno what to do, so I belajar from TJ, yup he thought me a few things, still I am no expert lol. CT, he has been a very caring BF, if I kena he also dunno what to say to me. He felt sad, and wishes he could have done better to stop me or make things better again...hmmm
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....
Posted by Fortunebull > 2013-12-03 20:12 | Report Abuse
I3investor most experienced investors, traders, punters gather to exchange their views on current stocks! Beware! Most of their views may not be suitable for those under 90s!