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 - 0.03

Trading Volume

24,300

Financial

T4Q

31-Mar-2021

2020

31-Mar-2021

2019

31-Mar-2021

2018

31-Mar-2021

2017

31-Mar-2021

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Discussions
9 people like this. Showing 50 of 19,239 comments

B4b4

Oil prices going up strongly. Almost USD 95 pb. Buy Reach and wait.

2023-09-27 11:13

arcadicus

Brent $97 now ...

2023-09-28 10:52

EngineeringProfit

Next QR

2023-09-28 11:01

twynstar

Russia Sells Urals Oil To India At $20 Above The Price Cap


Data from traders and Reuters calculations showed that free on board (FOB) Urals cargoes to load from Russia’s western ports on the Baltic Sea in October were nearly $80 a barrel for Indian refiners as of Thursday.



https://oilprice.com/Latest-Energy-News/World-News/Russia-Sells-Urals-Oil-To-India-At-20-Above-The-Price-Cap.html

2023-09-28 21:26

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.

2 months ago

B4b4

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

2 months ago

B4b4

Brent now above 90 pb

2 months ago

newbie_2016

waaaaaahhh B4b4 you promoter Reach ka?? ;)

2 months ago

B4b4

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

2 months ago

Orson Chin

Look likes hk boss not going to rebuilt this company

2 months ago

B4b4

Hk boss bought over more assets from MIEH

2 months ago

bizbro

rebuilt what, waste money lah

1 month ago

rohank71

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

1 month 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

1 month ago

newbie_2016

moving...

1 week 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 week ago

newbie_2016

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

1 week 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 week 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 ?

13 hours ago

Robert Waters

Where is the contrarian when you need one ?

13 hours 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.

13 hours ago

Robert Waters

Many thanks. Word of reason.

12 hours ago

newbie_2016

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

9 hours ago

newbie_2016

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

9 hours ago

Robert Waters

I looked up contrarian and went to Insas forum where he hangs out. I asked him there about this counter. Good to have opinion of those who observed the stock for a while. I am grateful that he came here. I removed my comment there to avoid spamming wrong company. And we have his insight.

9 hours ago

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