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RH PetroGas
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Oil and Gas counters are volatile
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piscesmonkey
Supreme |
29-Mar-2022 15:56
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Oil turn green liao. Look like going push up | ||||
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stanleytay
Master |
29-Mar-2022 15:36
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Got in more today at 0.285.. oil price slowly climbing up. Waiting for market to focus back on the fundamentals of oil. | ||||
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lp2000
Elite |
29-Mar-2022 15:30
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yeh. now some ping/pong around 285/290 waiting for more news. crude oil is picking up though above 112 again.
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s100125
Elite |
29-Mar-2022 12:22
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Shifted where?
Not much place right now except commodities and energy counters.
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s100125
Elite |
29-Mar-2022 11:59
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Shanghai lockdown only temporary for the most 2 weeks only. Russia invasion won't stop overnight as Phutin cannot afford to loose face. Like it happen before , some are taking present situation as an excuse to cash out. | ||||
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lp2000
Elite |
29-Mar-2022 11:55
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Definitely lower volumes than we got used to in the previous sessions, though many eyes are still on this counter waiting to see when an uptrend starts again... The OPEC meeting is coming this Thursday... The OPEC+ group is set to meet on Thursday this week to determine the output levels for production beginning in May&mdash and as volatile oil prices stick well above $100 per barrel, the group&rsquo s decision could be their most influential one yet. Nevertheless, the market is mostly assuming that OPEC+ will stick with its pre-planned production quota hike of 400,000 bpd. On the off-chance that OPEC+ agrees to roll back their production curtailments by more than the planned 400,000 bpd for May, the group is unlikely to meet such a new quota. In fact, it is unlikely to be able to ramp up output even to the 400,000 bpd that most think it will agree to, simply because it has yet to match the current level of quotas, let alone a higher one. OPEC+ has shown that they are uninterested in riding to the rescue of the market that is now battling high crude oil prices, which has spilled over into high gasoline prices&mdash a worrisome reality for the Biden Administration. Despite pleas from the G7, IEA, and specifically the UK and the United States, Saudi Arabia and the UAE&mdash both of whom are aligned in the OPEC+ agreement with Russia&mdash have given the oil beggers the cold shoulder. OPEC&rsquo s apparent reluctance to pump more isn&rsquo t just about Russia. The UAE has spoken out against those who have vilified the oil industry over the last few years in pursuit of the energy transition and chastised those who would now call on that industry to pump more. A few OPEC+ members have a history of following through on their bluster, even if it translates into poor decision-making. Anyone over the age of 2 likely remembers the oil price war from April 2020 when Saudi Arabia and Russia began to flood the market with oil after the OPEC+ deal to cut production fell through as the coronavirus sapped oil demand, crashing prices in spectacular fashion. The UAE&rsquo s Ambassador to Washington muddied the outlook for the meeting earlier this month when he said that the UAE favored production increases and would be encouraging OPEC to consider higher output levels. But shortly after, the UAE stood up for Russia&rsquo s crucial role in OPEC+ in what many saw as an omen of what&rsquo s to come: OPEC+ will continue to rely on Russia&rsquo s blessing for any group decisions. The latest sign from the outspoken UAE came today, when UAE Energy Minister Suhail Al-Mazrouei said, &ldquo We won&rsquo t add resources if the market is balanced, and the resources are in the market.&rdquo This echoes previous OPEC comments that have maintained that today&rsquo s higher oil prices are not an issue of supply and demand fundamentals but an issue of geopolitics. The UAE and Saudi Arabia are also unlikely to boost production&mdash the only ones who have the ability to do so with regards to capacity&mdash without the support of the group because doing so would violate the OPEC+ agreement it has worked so hard to maintain. It is largely assumed that Russia would object loudly to such ay any increase in old production beyond what the group has already planned. By Julianne Geiger for Oilprice.com |
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stanleytay
Master |
29-Mar-2022 11:38
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Good to see Matrix here. The last time he was v bullish on HGH.
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TheMatrix
Elite |
29-Mar-2022 11:31
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BB shift goalpost to other industries sector. | ||||
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s100125
Elite |
29-Mar-2022 11:28
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Haha..
I bet when results are near, this one will fly high up again
Time for accumulating.
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stanleytay
Master |
29-Mar-2022 10:02
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If you dont think so.. just short it.
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flyliam
Senior |
29-Mar-2022 09:57
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Party over?
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MakeChanges
Elite |
29-Mar-2022 09:56
Yells: "No price is too low for a bear or too high for a bull" |
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really meh? haha | ||||
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stanleytay
Master |
29-Mar-2022 09:54
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I am interested ... Haha.
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MakeChanges
Elite |
29-Mar-2022 09:53
Yells: "No price is too low for a bear or too high for a bull" |
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nobody is interested in this counter already. the volume getting lesser and lesser each day
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lp2000
Elite |
29-Mar-2022 09:26
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Anyway, with brent still above 111 and slightly picking up, I guess RH can still be a good buy at this level as it is likely to see it above 300 soon. But do not buy if you are not prepared to have to wait longer. DYOD | ||||
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lp2000
Elite |
29-Mar-2022 09:07
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if life it would be so easy...
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stanleytay
Master |
29-Mar-2022 08:27
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So no more war, inflation, oil supply deficency? Saudi hike oil price for 2nd time. Iran nuclear talks delayed again. Good luck to your mm2
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piscesmonkey
Supreme |
29-Mar-2022 08:21
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Today its time to pbuy covid recovery counters liao. Huat ah | ||||
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sncm3425
Senior |
29-Mar-2022 08:02
Yells: "Greed is foolish" |
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Price slowly inching down
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MakeChanges
Elite |
29-Mar-2022 07:41
Yells: "No price is too low for a bear or too high for a bull" |
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Yea. it' s getting hard to trade this counter
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