Buy more?

Got dividend already consider lucky loh...

The results was a little bit poorer, this last 3 months profit at average oil price of $75

Next results will be even uglier at least 50% less last Q, but they should still be profitable.

Bah ... skpet recover too quickly before we can buy...

You ada buy?

Others got buy?

Depend on oil....

Oil at $40 - Die..
Oil at $65 - 2.50
Oil at $75 - 3.10
Oil at $85 - 4.00
Oil at $100 - Kaya!

This post has been edited by gark: Dec 10 2014, 01:10 PM

So confident with OnG ah?

I though you say many contracts not renewed?

Your boss got go haywire or not with the low oil price?

Now oil price will see if china can go through their strategic oil reserves accumulation. If they are going ahead, it will adsorb at least 70% of the current oil over capacity.

This post has been edited by gark: Dec 10 2014, 01:22 PM

Oil also in USD wat...

RM

Buy directly from Petronas. Use MOPS price.



This post has been edited by gark: Dec 10 2014, 05:54 PM

Hmm... even though I am shareholder of SKpet and would like to see the price rise.... I am very very very skeptical on the TP given.

Wahhh!!

You lagi terror than the madagascar gang!

Magasale ... where are you?

OnG is more resilient than i thought... even though oil drop all the way to $60, all the weak sellers bailed out already?

This post has been edited by gark: Dec 11 2014, 11:49 AM

REAl panic will come when oil reach the $40's range.

Many oil companies will close shop, the survivors will win it all..

Not surprised, drilling in north sea is very expensive up to $80 bbl, so it is not worth it. The more of the high cost producers close, the better for the more efficient players.

Skpet's average drilling cost is $40 bbl, producing light sweet TAPIS crude, which fetch the highest price in the world.

Like I say, it will be the survival of the fittest, highest cost producers will die, lowest will survive. When enough high cost producers die, oil production will naturally taper off even without OPEC and the market will rebalance itself.



BTW.. Malaysia exports almost all it's TAPIS crude, and import heavy sour crude from middle east for refining into petroleum products.

This post has been edited by gark: Dec 11 2014, 02:41 PM

Knew it they will get the Madura-Husky project

The Indonesian government is really pushing for self sufficiency in oil... target is to raise production by 40% in 2015 alone.

This post has been edited by gark: Dec 12 2014, 11:38 AM

OPEC wont reduce production, it will let market forces decide, even at $40.

OPEC only controls <40% of the world's total oil production, it is not as powerful like before when it produces >70%

At a low enough price point, many companies will shut down production and the price will find it equilibrium.

Huh? EPF is eager to have a vote to ENSURE the merger goes through. EPF is the major shareholder of 2 companies a majority shareholder of one company.

It wants to consolidate it's holding into one mega bank.

Market is having resistance because once the bank consolidated, all 3 bank will likely delist from bursa and will probably plan to relist with a better value added later. problem is as a retailer can you afford to wait so long after the delisting for it to relist again?

This post has been edited by gark: Dec 12 2014, 11:48 AM

Less and less actually.. renewable energy are slowly taking over our carbon addiction, but currently not too widespread as the cost per unit energy is not competitive yet.

But in 20 years or so, I expect them to supply >50% of energy consumed vs <10% now.