REACH ENERGY BHD

KLSE (MYR): REACH (5256)

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Last Price

0.025

Today's Change

-0.005 (16.67%)

Day's Change

0.025 - 0.025

Trading Volume

30,000

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Discussions
9 people like this. Showing 50 of 19,243 comments

twynstar

Russian Oil Is Trading Closer to $100 Than the G-7 Price Cap


Russia’s flagship Urals grade is trading at $85.35 a barrel from the Baltic port of Primorsk and $86 from the Black Sea port of Novorossiysk.



https://finance.yahoo.com/news/russian-oil-trading-closer-100-103001221.html

2023-09-28 21:54

Chong3710

What the use of all these news, Reach equipment is not efficient, they are not able to increase production, do you think it’s going to increase their revenue even oil traded above USD100?

2023-09-28 23:20

newbie_2016

and ceo resigned! haiyaaaaa.... @TheContrarian what's up with this company??

2023-09-29 23:51

arcadicus

End of contract la ...

2023-09-30 10:06

rohank71

2036, the concession to DIG oil expires. So have 13 years to go full swing. To do that must invest lots of money, but company and shareholders have no money. BIG rights issue coming?

2023-09-30 10:52

EngineeringProfit

Unless this quarter can fetch over RM20 mil net profit$

2023-09-30 10:54

rohank71

No equipments to pump oil can't pump oil enought to make BIG money. No banks lend to O&G asset.

2023-09-30 10:56

rohank71

Unless BIG names.

2023-09-30 10:57

Dehcomic01

Except for 2016, the company has delivered negative ROE every since despite the high crude oil prices. So will it make money when oil prices comes down?

2023-09-30 11:01

EngineeringProfit

That's why its price can only go up with more green QR

2023-09-30 11:16

newbie_2016

hope this Q will be green Quarter!!!

2023-10-09 11:37

EngineeringProfit

No Green, no huat

2023-10-14 10:47

B4b4

buy . SRL is in control

2023-10-16 13:38

Apastock

steady 1 more green, let shiooting star...

2023-11-16 20:00

newbie_2016

wow still got hopeful people!!

2023-11-23 11:43

arcadicus

Latest QR green wor....😁

2023-11-30 18:29

newbie_2016

hahahaha green but no 'GO' wor.... still got hopeful people tho...

2023-12-03 09:08

newbie_2016

wow somebody just dumped??

2023-12-04 13:44

newbie_2016

oh the previous ceo just dumped his shares... weird guy

2023-12-06 14:29

newbie_2016

@TheContrarian whats your take?

2023-12-06 14:29

B4b4

Just buy and keep la. Only 3s.....the cheapest oil company in the world

2024-02-07 09:53

MrFox

so u r saying it will remain the cheapest?
haha

2024-02-07 09:55

triplex3mob

cannot REACH the sky....

2024-03-04 15:56

modestos

another mismanaged O&G. Quote from NST 2023 "The company's financial situation deteriorated due to falling oil prices and the high costs of exploration and development in Kazakhstan.". Even the price of oil above which is way above USD70 also no money to be made. Kazakhstan oil concession is onshore, cost to extract is USD15 or lower. Reach Energy made the new discovery in the Emir Oil block through the drilling of the North Kariman-3, This suggests that NK-3 would be a highly productive well once we commence production. Still need exploration?

2024-03-13 18:10

bizbro

hahahaha nice one, REACHing to the bottom

2024-03-14 16:43

B4b4

Brent oil prices going up and up ie USD 88 pb.

2024-04-02 15:10

B4b4

Reach ......going cheap....only 3s

2024-04-15 11:24

B4b4

Brent now above 90 pb

2024-04-15 11:24

newbie_2016

waaaaaahhh B4b4 you promoter Reach ka?? ;)

2024-04-15 13:04

B4b4

Reach has got plenty of oil reserves P1 worth RM 3.3 b

2024-04-17 18:00

Orson Chin

Look likes hk boss not going to rebuilt this company

2024-04-18 23:37

B4b4

Hk boss bought over more assets from MIEH

2024-04-19 09:58

bizbro

rebuilt what, waste money lah

2024-04-22 16:49

rohank71

it will be PN17 or PN16 soon. better just walk away.

2 months ago

modestos

no matter how fancy the news or juicy opportunity. the opportunity does sums up with years of losses incur even with the seductive oil prices. what went wrong and where went wrong. be sober

2 months ago

newbie_2016

moving...

1 month ago

raymondroy

my former boss was the former CEO of the company before the Chinese investor took over. Unfortunately, the oil fields and investments are situated in one of the most corrupted (but developing) region of the world.... if you dont pay pay pay your way business will stop.... or if you pay wrong ppl even worse. Today their partner in this land locked nation is the government, and same time they are also suing the same government for claim of unpaid taxes..... haish until when this continuous bleeding will go on..... :-) peace & happy hunting

1 month ago

newbie_2016

aiyooo.. auditor didn't find that ka? i understand the clean auditors report issued ma..

1 month ago

newbie_2016

@raymondroy I wonder your former boss who was the former CEO of the company before the Chinese investor took over didn't do due diligence before buying?

1 month ago

Robert Waters

So, what is the take on this stock ? Caught my attention recently. Near all time high, I notice.
I guess using chinese management to improve project in Kazakhstan is not always working out. Still lossess are adding up.
What is the case to buy it ?

1 month ago

Robert Waters

Where is the contrarian when you need one ?

1 month ago

TheContrarian

The Chinese owns the Kazakhstan oil concession directly 40% while Reach Energy owns the balance 60%. The oil is plentiful there but the problem is extracting the oil. Huge impairment has already been made to write down the cost of plant and equipment. Now we need to wait for the turnaround or disposal of the whole concession.

1 month ago

Robert Waters

Many thanks. Word of reason.

1 month ago

newbie_2016

Good to hear from you TheContrarian! Been a while!!

1 month ago

newbie_2016

Yes, agreed with you Robert Waters! Word of reason. Very insightful.

1 month ago

newbie_2016

Why was Ordinary Resolution 6 appointment of PwC was withdrawn?

3 weeks ago

TheContrarian

Auditors tendered resignation.

3 weeks ago

newbie_2016

Any thoughts @TheContrarian?

2 weeks ago

slumdoge

Reach to the Sky?

1 week ago

Robert Waters

Reach the very bottom near term. And bounce off it.

3 days ago

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