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 Oil & Gas counters

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Cubalagi
post Nov 27 2020, 08:29 AM

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QUOTE(Qutub @ Nov 26 2020, 10:02 PM)
What should I do as the share price MYR0.13 sen? I bought it for MYR2.80 sen and not worth it if I want to sell it. I am hoping the price will increase but it seems impossible to me.

The price lingers around MYR 0.13 - MYR0.23 sen since the year 2017.
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I think Sapnrg got some hope. Already starting to make some profits.It will not go back to 2.80 tho, but from current price levels, I think double to triple is possible if oil price recovers.

The thing is, a lot of ppl got burned by this stock and gave up. Investors will be wary and it will take a while to prove itself.

I don't own it though. My oil exposure is via Hibiscus Petroleum.Now waiting to see QR, fingers crossed.

This post has been edited by Cubalagi: Nov 27 2020, 08:39 AM
Cubalagi
post Mar 10 2021, 10:21 AM

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QUOTE(SgtScoop @ Mar 10 2021, 12:27 AM)
I'm not familiar with the background of Velesto but the O&G stocks look good to recover based on fundamentals. Assuming the oil prices stay high ($60+) then these companies should be good to recover towards prepandemic levels.

For specific stocks, you'd need to take a deep dive into their business and make sure they are the right one for you.
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Goldman Sachs latest forcast is Brent at USD80 in the 3Q.


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