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 I bet my money on oil stocks now

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genchwan
post Jan 19 2015, 07:53 AM

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O&G counters in malaysia is not cheap enough yet
genchwan
post Jan 19 2015, 07:57 AM

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QUOTE(leonhart88 @ Jan 18 2015, 01:03 AM)
since the price keep decreasing >50%. As everyone knows that real value of oil is rm80. This bceome rm40 because of geopolitical between rusia, arab,china, and us.
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the oil price keep decreasing >50% but the production cost aint decreasing. the oil stocks have not fallen more than 40%. Some small companies will have negative profit for sure
tehoice
post Jan 19 2015, 09:36 AM

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QUOTE(Pink Spider @ Jan 18 2015, 10:41 PM)
Aiyoyo

Got ppl audit me already tongue.gif
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lol... this is not audit, this is what i called i appreciate all sifu's comments.

ikan bilis can push micro cap counters la, not those billions billons 1 lar.
gark
post Jan 19 2015, 10:36 AM

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Cheh!.. surging already for some time only dare talk big big...

When falling knife that time no one dare to buy.. whistling.gif

Now only want to bet? laugh.gif Already profit for some time already de...

This post has been edited by gark: Jan 19 2015, 10:37 AM
TakoC
post Jan 19 2015, 10:48 AM

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QUOTE(gark @ Jan 19 2015, 10:36 AM)
Cheh!.. surging already for some time only dare talk big big...

When falling knife that time no one dare to buy..  whistling.gif

Now only want to bet?  laugh.gif  Already profit for some time already de...
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Wait June lo. OPEC meeting. Maybe another round of panic tongue.gif
gark
post Jan 19 2015, 10:52 AM

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QUOTE(TakoC @ Jan 19 2015, 10:48 AM)
Wait June lo. OPEC meeting. Maybe another round of panicĀ  tongue.gif
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Price of oil is still very weak.. OPEC is irrelevant already

Arab Saudi just announced today they are going to INCREASE production.. because US is INCREASING production despite $40 oil price. laugh.gif

I will not buy at current prices. wink.gif I have enough bought much earlier, so gonna ride that. laugh.gif

This post has been edited by gark: Jan 19 2015, 10:53 AM
TakoC
post Jan 19 2015, 10:56 AM

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QUOTE(gark @ Jan 19 2015, 10:52 AM)
Price of oil is still very weak.. OPEC is irrelevant already

Arab Saudi just announced today they are going to INCREASE production.. because US is INCREASING production despite $40 oil price.  laugh.gif

I will not buy at current prices.  wink.gif I have enough bought much earlier, so gonna ride that.  laugh.gif
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SKPETRO is good buy la. 14 billion market cap, 9x PE.

Not really irrelevant. Market always react to news want la. Although effect confirm not as drastic as last year for sure.

US is increasing production, but lots of US shale drilling rigs have been left idle. I foresee more to come.
gark
post Jan 19 2015, 11:00 AM

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QUOTE(TakoC @ Jan 19 2015, 10:56 AM)
SKPETRO is good buy la. 14 billion market cap, 9x PE.

Not really irrelevant. Market always react to news want la. Although effect confirm not as drastic as last year for sure.

US is increasing production, but lots of US shale drilling rigs have been left idle. I foresee more to come.
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PE is not static one.. tongue.gif Market cap is not relevant and is not static too...

Now based on current financials might be PE 9x, but if their profit dip the PE 9X can always become PE 20X in a Q or two.. whistling.gif

Buying stocks cannot look at past earnings, have to look into FUTURE earnings.. when comparing to price. laugh.gif laugh.gif laugh.gif

Anyway SKpet is a good company, but however good they are still relying to oil price movement. tongue.gif

Disclosure : Vested interest

This post has been edited by gark: Jan 19 2015, 11:00 AM
TakoC
post Jan 19 2015, 11:02 AM

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QUOTE(gark @ Jan 19 2015, 11:00 AM)
PE is not static one..  tongue.gif Market cap is not relevant and is not static too...

Now based on current financials might be PE 9x, but if their profit dip the PE 9X can always become PE 20X in a Q or two.. whistling.gif

Buying stocks cannot look at past earnings, have to look into FUTURE earnings.. when comparing to price.  laugh.gif  laugh.gif  laugh.gif

Anyway SKpet is a good company, but however good they are still relying to oil price movement.  tongue.gif

Disclosure : Vested interest
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My PE was referring to trading PE. Anyway, you cannot find another stock of large cap trading at a small cap PE. See all the Petronas stocks.

Of course valuation PE will be based on a entire different valuation as well.
ShinG3e
post Jan 19 2015, 11:18 AM

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QUOTE(gark @ Jan 19 2015, 10:52 AM)
Price of oil is still very weak.. OPEC is irrelevant already

Arab Saudi just announced today they are going to INCREASE production.. because US is INCREASING production despite $40 oil price.  laugh.gif

I will not buy at current prices.  wink.gif I have enough bought much earlier, so gonna ride that.  laugh.gif
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if not mistaken you bought it at 2.3X no? brows.gif that was around december post...

and i'm quite surprised why /k/ post ended up here LOLOLOLOLOLOL

all talk talk only i see the usual /k/
gark
post Jan 19 2015, 11:21 AM

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QUOTE(ShinG3e @ Jan 19 2015, 11:18 AM)
if not mistaken you bought it at 2.3X no?  brows.gif that was around december post...

and i'm quite surprised why /k/ post ended up here LOLOLOLOLOLOL

all talk talk only i see the usual /k/
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Got buy at several batches.. ride all the way down.. laugh.gif laugh.gif laugh.gif
ShinG3e
post Jan 19 2015, 11:21 AM

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QUOTE(gark @ Jan 19 2015, 11:21 AM)
Got buy at several batches.. ride all the way down..  laugh.gif  laugh.gif  laugh.gif
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bagus bagus rclxms.gif

cause i follow you senyap senyap.

but not batches la. sekaligus around 2.3X laugh.gif
gark
post Jan 19 2015, 11:22 AM

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QUOTE(ShinG3e @ Jan 19 2015, 11:21 AM)
bagus bagus  rclxms.gif

cause i follow you senyap senyap.

but not batches la. sekaligus around 2.3X  laugh.gif
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Wah.. got stalker.. sweat.gif
ShinG3e
post Jan 19 2015, 11:23 AM

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QUOTE(gark @ Jan 19 2015, 11:22 AM)
Wah.. got stalker..  sweat.gif
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silent reader bro...

please continue discussion. *hides in the shadow* whistling.gif
Bonescythe
post Jan 19 2015, 11:33 AM

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QUOTE(gark @ Jan 19 2015, 11:21 AM)
Got buy at several batches.. ride all the way down..  laugh.gif  laugh.gif  laugh.gif
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I tot u started buying at 2.8 if i am not wrong about it?
gark
post Jan 19 2015, 11:40 AM

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QUOTE(Bonescythe @ Jan 19 2015, 11:33 AM)
I tot u started buying at 2.8 if i am not wrong about it?
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Yup .. all the way to RM 2+ tongue.gif
Bonescythe
post Jan 19 2015, 12:01 PM

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QUOTE(gark @ Jan 19 2015, 11:40 AM)
Yup .. all the way to RM 2+  tongue.gif
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I assume u sudah profit now..

Tarak mau cabut lari ahh?

drool.gif drool.gif
gark
post Jan 19 2015, 12:34 PM

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QUOTE(Bonescythe @ Jan 19 2015, 12:01 PM)
I assume u sudah profit now..

Tarak mau cabut lari ahh?

drool.gif  drool.gif
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Still holding.. laugh.gif
lucifah
post Jan 19 2015, 12:38 PM

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QUOTE(leonhart88 @ Jan 18 2015, 01:03 AM)
since the price keep decreasing >50%. As everyone knows that real value of oil is rm80. This bceome rm40 because of geopolitical between rusia, arab,china, and us.
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er... i think you should not invest tongue.gif

it's USD40+ per barrel

mana ada RM40...

RM 40 petronas can golong tikar liao


laugh.gif


lucifah
post Jan 19 2015, 12:41 PM

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QUOTE(kidmad @ Jan 18 2015, 01:08 AM)
good luck in your risk. saudi already announce they are not going to stop digging and selling at rock bottom price and you still put your bet on it.
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until the companies who invest in shale oil (or is it oil sand?) become bankrupt

the american continent has vast reserve of shale oil. but it's expensive to extrac oil from shale/ sand and is actively extracting it when prices are above usd100 per barrel

now prices plummeted to $50 per barrel, sweat.gif

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