Of course is not a direct correlation, but when oil prices is going up it will be more feasible for oil company to start drilling more, i.e OPEC / Oil companies might want to increase their production capacity as its more profitable now than before. Hence indirectly more orders would be flushing in to purchase the machinery from SAAG.

Standby the bullets tomolo.....it might goes up or side ways......will see tomolo for duit raya...

Oil price has been volatile daily, so I don't think they'll order based on the current situation. They would only order when the price is stable, so wait until that time to hope.

true you do have ur point maybe in terms of new orders it might be difficult for SAAG. But for maintenance side, SAAG should be able to rip some extra revenue from it, when increase in oil price will indirectly increases the production / drilling hence extra maintenance cost would be necessary.

This post has been edited by superamd: Sep 9 2009, 12:20 AM

I can't believe you still hold it for so long ... thought you already disposed it a long time ago since you are not actively response in this thread

they are somehow related to O&G sector although their main sector involve machinary maintenance

Their Clients:


This post has been edited by sjz: Sep 9 2009, 12:01 PM

HIGHLIGHTS

One in Three Cigarette Packs in Malaysia Illegal
Hunza Issues Stop-work Order to Contractor a Week After Appointment
Hai-O Marketing To Grow Revenue By 10% By 2010
Megat Zaharuddin Returns to Maybank as Chairman
Malaysia Drops Three Notches to 24th Place
Firm Eyes Stake in Foreign WiMAX Licensee
Can-One Gets SC Nod to Buy Kian Joo Stake
YTL Power Gets S$1bn Financing


ECONOMIC HIGHLIGHTS

China: August Car Sales Jump 90% on Stimulus Measures
Japan: Current-Account Surplus Narrows on Export Slide
US: Consumer Credit Falls by a Record US$21.6bn
Global: Russia Oil Exports Surpasses Saudi
Global: Oil Rises Above US$71 as Dollar Tumbles

Can we see some green for this counter? I dream of of +0.03 dayzzzz just like in May.

Street rumours (from Labuan offshore) SAAG is one of the expensive contractor compare to Halliburton and some other competitors. So it is logic if no one willing to give additional jobs to them recently. Based on this rumours that SAAG is only like ordinary rig contractors so Primary Oil Operators still have an option either to choose them or other local contractors and foreign contractors.

This post has been edited by mazda626: Sep 10 2009, 12:16 PM

i will only be actively replying to this thread if it goes up to 0.4 haha... in which i believe its quite impossible in near term

everytime is top volumn but still red...wake up lohhh...fire fire fire...

still holding 100lot at 0.31
dunno want to let go or not..

i better than u same unit price but 30 lot only

I same price as u too. bought at 31 cents with 30K units.... Cut loss with 20K units at 255 cents last mth ... Now left with 10K units...
Anyway as and when I can i wld Q at 0.24 / 0.245 n sell it at 0.25 / 0.255.... Revenge is kinda sweet though
I believe if I keep on repeating this pattern of trading for this counter, I can recover back all my losses, so just a matter of time...

yeah, I do. Everyday range bound at 0.24-0.25..

i guess the bull in the KLSE CI and the bear sitting on SAAG....resting.

KNM also same.

but the volume is damn high..
don't know what's those syndicate planned to do

today also same, high volumn...big shareholder sell and buy , sell and buy , sell and buy ???

This post has been edited by Raub: Sep 11 2009, 05:23 PM

who knows those stupid overseas fellow trying to do