O&G counters in malaysia is not cheap enough yet
I bet my money on oil stocks now
I bet my money on oil stocks now
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Jan 19 2015, 07:53 AM
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Junior Member
523 posts Joined: Aug 2013 |
O&G counters in malaysia is not cheap enough yet
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Jan 19 2015, 07:57 AM
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Junior Member
523 posts Joined: Aug 2013 |
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. 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 |
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Jan 19 2015, 09:36 AM
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Senior Member
5,403 posts Joined: Oct 2007 |
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Jan 19 2015, 10:36 AM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia.... |
Cheh!.. surging already for some time only dare talk big big...
When falling knife that time no one dare to buy.. Now only want to bet? Already profit for some time already de... This post has been edited by gark: Jan 19 2015, 10:37 AM |
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Jan 19 2015, 10:48 AM
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Senior Member
2,081 posts Joined: Mar 2012 |
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Jan 19 2015, 10:52 AM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia.... |
QUOTE(TakoC @ Jan 19 2015, 10:48 AM) Price of oil is still very weak.. OPEC is irrelevant alreadyArab Saudi just announced today they are going to INCREASE production.. because US is INCREASING production despite $40 oil price. I will not buy at current prices. I have enough bought much earlier, so gonna ride that. This post has been edited by gark: Jan 19 2015, 10:53 AM |
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Jan 19 2015, 10:56 AM
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Senior Member
2,081 posts Joined: Mar 2012 |
QUOTE(gark @ Jan 19 2015, 10:52 AM) Price of oil is still very weak.. OPEC is irrelevant already SKPETRO is good buy la. 14 billion market cap, 9x PE.Arab Saudi just announced today they are going to INCREASE production.. because US is INCREASING production despite $40 oil price. I will not buy at current prices. I have enough bought much earlier, so gonna ride that. 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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Jan 19 2015, 11:00 AM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia.... |
QUOTE(TakoC @ Jan 19 2015, 10:56 AM) SKPETRO is good buy la. 14 billion market cap, 9x PE. PE is not static one.. Market cap is not relevant and is not static too...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. 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.. Buying stocks cannot look at past earnings, have to look into FUTURE earnings.. when comparing to price. Anyway SKpet is a good company, but however good they are still relying to oil price movement. Disclosure : Vested interest This post has been edited by gark: Jan 19 2015, 11:00 AM |
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Jan 19 2015, 11:02 AM
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Senior Member
2,081 posts Joined: Mar 2012 |
QUOTE(gark @ Jan 19 2015, 11:00 AM) PE is not static one.. Market cap is not relevant and is not static too... 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.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.. Buying stocks cannot look at past earnings, have to look into FUTURE earnings.. when comparing to price. Anyway SKpet is a good company, but however good they are still relying to oil price movement. Disclosure : Vested interest Of course valuation PE will be based on a entire different valuation as well. |
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Jan 19 2015, 11:18 AM
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Senior Member
1,494 posts Joined: Feb 2013 |
QUOTE(gark @ Jan 19 2015, 10:52 AM) Price of oil is still very weak.. OPEC is irrelevant already if not mistaken you bought it at 2.3X no? that was around december post... Arab Saudi just announced today they are going to INCREASE production.. because US is INCREASING production despite $40 oil price. I will not buy at current prices. I have enough bought much earlier, so gonna ride that. 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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Jan 19 2015, 11:21 AM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia.... |
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Jan 19 2015, 11:21 AM
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Senior Member
1,494 posts Joined: Feb 2013 |
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Jan 19 2015, 11:22 AM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia.... |
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Jan 19 2015, 11:23 AM
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Senior Member
1,494 posts Joined: Feb 2013 |
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Jan 19 2015, 11:33 AM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld |
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Jan 19 2015, 11:40 AM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia.... |
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Jan 19 2015, 12:01 PM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld |
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Jan 19 2015, 12:34 PM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia.... |
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Jan 19 2015, 12:38 PM
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Staff
7,932 posts Joined: Jan 2005 From: Soviet Sarawak |
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. er... i think you should not invest it's USD40+ per barrel mana ada RM40... RM 40 petronas can golong tikar liao |
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Jan 19 2015, 12:41 PM
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Staff
7,932 posts Joined: Jan 2005 From: Soviet Sarawak |
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. until the companies who invest in shale oil (or is it oil sand?) become bankruptthe 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, |
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