REACH ENERGY BHD
KLSE (MYR): REACH (5256)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.03
Today's Change
+0.005 (20.00%)
Day's Change
0.025 - 0.03
Trading Volume
1,384,500
IPO Info
File Name: REACH-Cover to Page 110.pdf Download
Discussions
9 people like this. Showing 50 of 19,242 comments
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
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
and ceo resigned! haiyaaaaa.... @TheContrarian what's up with this company??
2023-09-29 23:51
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
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
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
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
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
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
3 weeks ago
aiyooo.. auditor didn't find that ka? i understand the clean auditors report issued ma..
3 weeks ago
@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?
3 weeks ago
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 week ago
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 week ago
Yes, they did it early in June and the resolution to re-appoint them was cancelled. Normally, this would be a troubled development if we saw other signs as well. One should never react to a single symptom. Find the pattern. Get the reason from the clues. But no other clues.
1 day ago
Post a Comment
Featured Posts
New Update. Discover investment communities that resonate with your ideas
Latest Videos
MQ Trading Signals
Time
Signal
Duration
Type
2024-07-03 16:30:00
EMA 5
30 Mins
BUY
2024-07-03 16:10:00
EMA 5
10 Mins
BUY
2024-07-03 16:10:00
ADX
10 Mins
BUY
2024-07-03 16:10:00
EMA 5
5 Mins
BUY
2024-07-03 16:10:00
ADX
5 Mins
BUY
Apps
Top Articles
1
AmInvest Research Reports
2
How to become a resilient trader
3
TA Sector Research
4
TradeMasterT
5
6
save malaysia!
7
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
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