Sold laggards AFG and PPB from my portfolio...raise cash. Betting on "something" to happen either this Saturday or about 1MDB

Sold one of my 'good' performing counter a few days ago.. 

Err nice try for a  'analysis'... but you are missing several MAJOR points. 

Petronas IS NOT Petdag. Nor it is Petonas Carigali (the unit responsible for actually drilling oil), they are separate entity.

Petdag only business is to distribute fuel at petrol station, sell lubricants and LPG gas tank.. thats it. 

It does not drill any oil.. it simply just purchase from petronas refinery to be distributed via petrol station. If fuel price comes down, petdag have to write off inventory, if oil price goes up, less people will pump at petrol station.

And now there is a petronas petrol station in almost every kampung.. where can it expand to? 

Sepat Gas cancelled, Kasawari delayed.. my salary also gonna cut 20% 

Can.. for cut they call it voluntary reduction scheme (VRS).. for retrench call voluntary separation scheme (VSS).

Basically its either you take salary cut or you are out... 

If you die die dont want to take cut or go out.. they will probably send you to africa warzone.. 

I do think they have valid reason. oil price down, no project = no work. our company very smart 1, last round of VSS also got lawyers support

No need! Even my external auditors never conduct asset physical audits on my company. We probably have many non-existent assets

Songlap by Perris Heelton boyfriend liao

He bought out our company and flipped it for profit. Now whether he's still involved...I really dunno

Go figure

No way...I scared of this...

How u know

U stalking him or Wong Mew Choo

go where? go igbreit / klcc mall lol
me boring at home send my gf go phuket sendiri at home -.-

I can keep for very long time one...  my longest stock in portfolio is already 6 years old. 

I am invested in NEWater.. as well 

Its a business trust.. like REIT.. 

I tasted it before.. not bad.. like your average RO water jek..

If you go AGM probably will give you 2 boxes of that. 

It's the water of future earth.. get used to it. 

Keppel Infra.. 7.2% DY. 

Hahaha... 

Why? Tell us what you see.. that we dont...

If profits.. past profits is poor and not consistent.. but how about future? 

Ah pek KoonYY .. is heavily invested in this counter. 

This is not a blind bet.. I was referring to WTI price during the 2008-2009 crash... that is the basis (Yes I was doing charting  ) .

In 2008 WTI reach below $50.. then quickly back to $80-$100 range for a couple of years. ANd there WAS excess supply of oil during that period as well, the excess was quickly adsorbed within 6 months or so.

Now It might stay a bit longer at the bottom.. because the c2pid americans don't want to stop drilling.. but if you look at the long term WTI chart VS oil production & demand chart, it does not look like fundamental issue, it is a temporary panic sell. The WTI chart has broken way below the oil demand chart, it is matter of time more and more rigs are taken offline and the excess supply will balance itself.

Yes there is excess oil now of 1mmbbl per day also does not make sense in a daily world consumption of 50-55 mmbbl. That is only like 2% excess capacity while the price brokedown 60% from high  . In a year or two that excess 1mmbbl will be easily adsorbed IF economies can grow by merely 2%, which is not impossible as emerging markets are growing at 3%-5% per clip, heck even Europe and US is growing at 1%-2% per year. 

Please don't follow me.. 

I am taking a high risk bet.. it might end up going to holland..

IF oil stay at low for longer period there are CHANCES that several OnG counters MIGHT default on thier loan, hence will close shop rendering your investment a grand total of $0.00

Electricity price cut...