Posted by tkl88 > Sep 18, 2020 7:14 AM | Report Abuse

Oil rises 2%, reverses loses as OPEC+ addresses market weakness
Jessica Resnick-Ault
THU SEP 17, 2020 / 3:13 PM EDT

https://www.google.com.my/amp/s/mobile.reuters.com/article/amp/idUSKBN26804N

Nymex=>at $40.97 (+$0.81) (+2.02%) !
Brent=> at $43.30 (+$1.08) (+2.56%) !

NEW YORK (Reuters) - Oil prices rose more than 2% on Thursday, turning positive as OPEC and its allies said the producer group would crack down on countries that failed to comply with output cuts and planned to hold an extraordinary meeting in October if oil markets weaken further.
After falling early in the session amid bearish jobs numbers and a ramp up in Gulf of Mexico oil output following Hurricane Sally, crude benchmarks reversed course to gain on the day, bolstered by comments from OPEC.
"Although no amendments to the current supply-cut deal have been proposed by OPEC+ today, the producers group gave the impression that it does not sweep troubles under the carpet," said Rystad Energy's Head of Oil Markets, Bjornar Tonhaugen.
Brent oil futures extended gains to settle up $1.08 or 2.56% at $43.30 a barrel. U.S. crude futures settled higher by 81 cents, or 2.02% at $40.97 a barrel. Both contracts rose more than 4% on Wednesday.
The panel of major producers, including Saudi Arabia and Russia, did not recommend any changes to their current output reduction target of 7.7 million barrels per day (bpd), or around 8% of global demand, according to a draft press release and an internal report.
The panel pressed laggards such as Iraq, Nigeria and the United Arab Emirates to cut more barrels to compensate for overproduction in May-July, while extending the compensation period from September to the end of December, according to three OPEC+ sources.
"They were coming down hard on the UAE," said Phil Flynn, senior analyst at Price Futures Group in New York. The expectation that output could fall as the UAE and others trim production bolstered prices, he said.
The OPEC news overshadowed the restart of U.S. offshore production after Hurricane Sally passed through the Gulf of Mexico and bearish U.S. economic news.
U.S. energy companies were starting to return crews to offshore oil platforms in the Gulf of Mexico after Sally halted operations for five days, shutting down nearly 500,000 bpd of output.
Prices were also under pressure from the slow economic recovery from the pandemic.
Global coronavirus cases are expected to pass 30 million on Thursday, according to a Reuters tally.
The U.S. Labor Department's report showed the number of Americans filing new claims for unemployment benefits fell last week, but remained at extremely high levels as the labor market recovery shifts into low gear and consumer spending cools.
Even OPEC+ cautioned that the pandemic could continue to curb demand. An OPEC+ technical panel warned that a rise in coronavirus cases in some countries may curb oil demand despite signs of economic recovery and initial indications of a decline in oil stocks, according to an internal document seen by Reuters.

Posted by tkl88 > Sep 18, 2020 7:48 AM | Report Abuse

Walaoeh, oil price spike up like mad !
Today O and G counters will be spike up to sky high already ! Huat ah ! Heng ah ! Ong ah !

Posted by moneycome123456 > Sep 18, 2020 8:26 AM | Report Abuse

Perdana go to 0.370

Posted by GuguGaga > Sep 18, 2020 10:52 AM | Report Abuse

Go go perdana

Posted by Godofgambler > Sep 18, 2020 9:36 PM | Report Abuse

Perdanaaaaaaaaaa

Posted by NPRA1985 > Sep 20, 2020 1:12 AM | Report Abuse

compared to knm, sapura, velesto, armada , hibiscus, alam which is best

Posted by ThePowerOfGlove > Sep 20, 2020 6:53 AM | Report Abuse

Up 2.94%

Posted by ThePowerOfGlove > Sep 20, 2020 6:53 AM | Report Abuse

Okay already la

Posted by ThePowerOfGlove > Sep 20, 2020 6:53 AM | Report Abuse

Boleh juga la

Posted by ThePowerOfGlove > Sep 20, 2020 6:53 AM | Report Abuse

Very good

Posted by ThePowerOfGlove > Sep 20, 2020 6:53 AM | Report Abuse

Excellent

Posted by ThePowerOfGlove > Sep 20, 2020 6:54 AM | Report Abuse

Well done

Posted by ThePowerOfGlove > Sep 20, 2020 6:54 AM | Report Abuse

Congratulations

Posted by ThePowerOfGlove > Sep 20, 2020 6:54 AM | Report Abuse

Keep improving

Posted by moneycome123456 > Sep 20, 2020 9:34 AM | Report Abuse

Now perdana price is low, buy and keep. One day perdana will come.

Posted by Freemoney3 > Sep 20, 2020 11:06 PM | Report Abuse

Drop some more

Posted by SleepingForest > Sep 23, 2020 2:44 PM | Report Abuse

7108 PERDANA PERDANA PETROLEUM BERHAD
Additional Listing Announcement /Subdivision of Shares
1. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : Conversion of Preference Shares
Details of corporate proposal : Conversion of Redeemable Convertible Preference
Shares (RCPS) into ordinary shares of the Company (Conversion Shares)
No. of shares issued under this corporate proposal : 1,039,800
Issue price per share ($$) : 0.3250
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 2,213,934,226
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 877,744,895.990
Listing Date : 24/09/2020

Posted by SleepingForest > Sep 23, 2020 2:45 PM | Report Abuse

Can anyone explain what this means ?

Posted by EviltigerXD > Sep 24, 2020 5:11 PM | Report Abuse

Sad keep falling no bullet ady

Posted by nicedurians > Sep 24, 2020 5:34 PM | Report Abuse

@SleepingForest convert preference shares to ordinary shares

Posted by tkl88 > Sep 27, 2020 11:37 AM | Report Abuse

Good news, perikatan nasional has won the Sabah election by 38 seats out of 73 seats !
So that our politic will be stable for another 3 years till 2023 election !
It’s good for our economy, like that next week KLSE will be spike up like mad already !

Posted by tkl88 > Sep 29, 2020 12:04 AM | Report Abuse

Wow, Dow Jones spike up to sky high !
As at 11.53pm,
Dow Jones at=> 27,665.15 (+491.19) (+1.81 percent) !

Posted by Buylow111 > Sep 29, 2020 9:41 AM | Report Abuse

Crude oil up, perdana will follow up soon later.

Posted by Alfonso > Sep 29, 2020 9:42 AM | Report Abuse

As per your golden words

Posted by Santiago > Sep 29, 2020 12:21 PM | Report Abuse

WHAT HAPPENED????

Posted by Santiago > Sep 29, 2020 12:23 PM | Report Abuse

kena kow kow!!

Posted by moneycome123456 > Sep 29, 2020 12:25 PM | Report Abuse

lelong price 0.140 now

Posted by newbe > Sep 29, 2020 12:26 PM | Report Abuse

why suddenly dropped so much ?

Posted by moneycome123456 > Sep 29, 2020 12:27 PM | Report Abuse

dun know

Posted by moneycome123456 > Sep 29, 2020 12:28 PM | Report Abuse

any announcement?

Posted by newbe > Sep 29, 2020 12:32 PM | Report Abuse

no any news available.... :<

Posted by Mukhazli Yunus > Sep 29, 2020 12:37 PM | Report Abuse

Koyak rabak.. Adoooooi

Posted by tamp0i > Sep 29, 2020 12:45 PM | Report Abuse

Someone wanna switch counter edi, cannot tahan thus disposed all

Posted by EviltigerXD > Sep 29, 2020 12:54 PM | Report Abuse

Zzzz why sudden drop so much wtf

Posted by EviltigerXD > Sep 29, 2020 1:08 PM | Report Abuse

Any1 gt inside news?

Posted by Wong Yi Ming > Sep 29, 2020 1:30 PM | Report Abuse

Margin call kot, fundamental become solid after right issue call.

Posted by Expertise > Sep 29, 2020 1:39 PM | Report Abuse

moratorium near...

Posted by linheng > Sep 29, 2020 5:06 PM | Report Abuse

Force selling. Sold until 12 cents. Luckily recover to 15.5 cents

Posted by moneycome123456 > Oct 1, 2020 8:24 AM | Report Abuse

If drop buy again to average down. Good

Posted by newbe > Oct 1, 2020 3:07 PM | Report Abuse

you buy, it drops further......

Posted by moneycome123456 > Oct 1, 2020 4:28 PM | Report Abuse

yes, already Q

Posted by nicedurians > Oct 1, 2020 5:52 PM | Report Abuse

winter coming liao. European and US will slow down oil production. winter demand for more oil to heat up homes and businesses

Posted by Huitanaccident > Oct 2, 2020 6:45 AM | Report Abuse

Politic Sabah win, Bornoil zzzzzzz,

Posted by mimi1234 > Oct 2, 2020 6:25 PM | Report Abuse

Lol this company will bankrupt o not le.keep droping.

Posted by EviltigerXD > Oct 3, 2020 7:05 AM | Report Abuse

His big big boss wont let tis company bankrupt punya

Posted by tkl88 > Oct 5, 2020 12:29 PM | Report Abuse

Budget 2021 expected to be expansionary Monday, 21 Sep 2020
By DALJIT DHESI
https://www.thestar.com.my/business/business-news/2020/09/21/budget-2021-expected-to-be-expansionary

PETALING JAYA: Budget 2021, which will be tabled in November, will be expansionary though narrower than Budget 2020, with economists projecting a budget deficit of 4% to 6% next year.

The government, they said, would need to revitalise the economy with appropriate measures due to the uncertainties arising from the Covid-19 and the weak global economy, which has caused many nations to fall into recession.

The World Bank expects Malaysia’s fiscal deficit to gross domestic product (GDP) to widen to 7% this year, underpinned by increased expenditure and downward pressure on revenue. The government, however, expects the fiscal deficit to be at 5.8% to 6% this year.

Economists expect the government to look into some core areas to ensure Malaysia is on the right track to achieve economic sustainability post-pandemic.

Socio-Economic Research Centre executive director Lee Heng Guie told StarBiz that the federal government is torn between managing a tight fiscal space and keeping the country’s sovereign rating intact.

"In our view, the government should go for another year of fiscal deficit targeted at public spending and programmes as well as the provision of tax incentives and allowances to boost private investment, creating jobs and income.

Posted by tkl88 > Oct 5, 2020 12:29 PM | Report Abuse

Yes, pre-budget 2021 bull market is coming !
Budget 2021 will be unveiled on Nov 6 !
So, now onwards O & G theme will be super bullish !

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > Oct 6, 2020 12:10 AM | Report Abuse

Wow, oil price spike up like mad !
As at 12.03am,
Nymex=> $39.25 ‪(+2.20) (+5.94 percent) !‬
Brent=> $41.35‪ (+2.08) (+5.30 percent ) !

Posted by FooLK7789 > Oct 6, 2020 10:14 PM | Report Abuse

Oil and gas counters will have show very soon..it t May suddenly spike up till u may not able to chase then downturn again like glove counters

Posted by tkl88 > Oct 6, 2020 10:30 PM | Report Abuse

Wow, oil price spike up to sky high !
As at 10.15pm,
Nymex=> $40.70 ‪(+1.48) (+3.77%) !‬
Brent=> $42.68 ‪(+1.39) (+3.37%) !‬