SKpetro 3.17 d

Their product is not bad. But in recent financial performance only so so.....and some investor don't really like how they allocate their fund.

Price now also ok, not considered expansive but not considered cheap too. So just bought a bit & wait for next quarter whether decides too add

stakes or reduce.

No big surprise there. You know, most of Iran's oil is still off the international market due to sanctions. What would happen if Iran managed to negotiate an end to the sanctions?

So what's your call? buy? hold ?do nothing? or sell?

wait and see.

It should be interesting what US does after the election

Might buy a lil after 3.

Yes man............... right at the previous support (or thereabouts)

So faster....

Fast hand fat leg....

drive your lorry there...........


and buy, buy, buy ...........................................

hehe my bicycle is parked at 3.

No Lorry la!

Bicyle pulak!!!!



ps: you think the global oil will bounce back up when SKPet hits 3 bucks ah?

*whistle*

hehe don't know le.
I wanna see what's US reaction after the election, then only decide on what to do

..... this means.... you are implying that it is because of the US election that the global oils are falling......

Kekeke



Later US election positive how?

Manipulative? Is all in the script?

hehe i mean US can be very manipulative

Of course, I can and will support your arguement...

for example...

there are several indicators showing how badly screwed up the market is (against norm la)

can you name any?

*whistle*

Other than Oil Price ah?

not sure le.

I noobie le

See if you are a noobie, you should avoid complex choices like TRYING TO BET ON A OIL STOCK.

As you own self said, it appears manipulated....

Well if it is manipulated, then what if the manipulation is on a much, much larger scheme....
which means some parties out there....
wants the oil price to relatively low for a longer period....

Why longer period?
Well... would you say that it took a huge current effort to press the oil prices down to current level?
If the effort was indeed huge.... why on earth would these parties release back the oil prices up just like that?
Wouldn't they want to keep the prices low for a relatively longer period of time?

Now....

IF that's indeed the case........

ie... with oil prices remain depressed....

than fundamentally .... it would do companies like SKPet no good....
cos with lower oil prices...
companies worldwide....
aren't going to spend more money in the sector......
which means....
contracts might dry up for SKPet...
would we even see some cancellation of projects?

No easy answer.... yes?

Pretty everything much is speculative....

weighing it up....

don't you think the bet is much riskier????

Now if the bet is riskier....
why.... oh why..... insist on betting in the Oil and Gas sector?


Is there no other logical and relatively less risky bet in the stock market?




ps: I love less risky bets...... *whistle*

hehe IMO, it's probably largely related to Russia

there are, but risky is always fun.
Even for paper trade hehehe

The Securities Commission (SC) is expected to publish its semi-annual review of Shariah-compliant securities at the end of November. Of the 169 stocks under our coverage universe, 121 are currently designated as Shariah-compliant. We have identified three stocks that we believe will be designated as non-compliant in the coming review. They are IOI Corp, Perdana Petroleum and SapuraKencana Petroleum[/QUOTE]

SKpetro could be excluded from the list

http://klse.i3investor.com/blogs/rhb/63244.jsp

[quote=Le Don,Nov 5 2014, 12:25 PM]
The Securities Commission (SC) is expected to publish its semi-annual review of Shariah-compliant securities at the end of November. Of the 169 stocks under our coverage universe, 121 are currently designated as Shariah-compliant. We have identified three stocks that we believe will be designated as non-compliant in the coming review. They are IOI Corp, Perdana Petroleum and SapuraKencana Petroleum[/QUOTE]

SKpetro could be excluded from the list

http://klse.i3investor.com/blogs/rhb/63244.jsp

The main objective here is to make money.

it's a rather serious business here....

you adopt the fun trading way....
trust me....
in no time.......
you will end up losing money....

cos stock trading turns into a game....
a game of fun....

when it is fun....
you will never be serious....

and when you are not serious....
losing money is easy.
damn easy.

Russia may just be an incidental factor. The fact remains that shale oil is going to make US self sufficient in crude oil in three years time. It is technology that has changed the game. 'The stone age ended not for the want of stones ... In US shale oil ventures are all private sector ventures unlike here Petronas is a government owned.