RH PetroGas    Last:0.161    -0.004

What happen to RH PetroGas

No comment. Oil may continue to fall. U can check with the champion here? I,m just a small tiny retail player.

 

RH can buy now. How are you senior davidson

 

This stock very risky. It traded at 70/80 cents not too long ago. Intraday price spread can be very wide too at times, like today. For deep pocket traders it' s very attractive. 

uchihaclan      ( Date: 22-Dec-2014 19:25) Posted: why chiong so much anyone got idea?

 

why chiong so much anyone got idea?

 

Looks like rebounding ..

 

Busy with work. Did you buy some to break even bearishbull member?

 

Wow rh very good this 2 days you got buy?

Davidson      ( Date: 15-Dec-2014 18:55) Posted: Hi bearishbull member. This forum is very good we have many expert here to seek advise. Rh petrogas is a very speculative counter, when there is good news the price will fly but may be oil from personnel view may continue to drop to $50....0r below. The final decision sell or hold is still you. Trade with cautious. Good luck all

 

Oh sorry my apology's. Taught they don sell oil to other country. I am newbie to stock market. Anyway expert here is it a good time now to enter oil counter like ezion or ezra, linc

golden_SGX      ( Date: 15-Dec-2014 20:50) Posted: China is the world' s fourth-largest oil producer, supplying about 4.27 million barrels per day, and about 5% of the world oil supply.  China does not have extradordinarily large oil reserves, only about 20.3 billion barrels. But if China can claim the whole South China Sea estimated to contain 17.7 billion tons of crude oil (compared to Kuwait with 13 billion tons) it could come closer to become one of  top three largest oil producer. China is the world' s second-largest consumer of oil and projected to move from second-largest net importer of oil to the largest in 2014. nqing87      ( Date: 15-Dec-2014 15:14) Posted: what u mean china dont produce oil? it has always been producing oil isint it? just that it' s oil production not enough & has to be a net importer of oil

 

• China is the world' s fourth-largest oil producer, supplying about 4.27 million barrels per day, and about 5% of the world oil supply.  China does not have extradordinarily large oil reserves, only about 20.3 billion barrels. But if China can claim the whole South China Sea estimated to contain 17.7 billion tons of crude oil (compared to Kuwait with 13 billion tons) it could come closer to become one of  top three largest oil producer.
• China is the world' s second-largest consumer of oil and projected to move from second-largest net importer of oil to the largest in 2014.

nqing87      ( Date: 15-Dec-2014 15:14) Posted: what u mean china dont produce oil? it has always been producing oil isint it? just that it' s oil production not enough & has to be a net importer of oil bearishbull      ( Date: 15-Dec-2014 15:06) Posted: It shoud be good senior. Since china does'nt produce oil. And they are the biggest consume

 

Hi bearishbull member. This forum is very good we have many expert here to seek advise. Rh petrogas is a very speculative counter, when there is good news the price will fly but may be oil from personnel view may continue to drop to $50....0r below. The final decision sell or hold is still you. Trade with cautious. Good luck all

 

what u mean china dont produce oil? it has always been producing oil isint it? just that it' s oil production not enough & has to be a net importer of oil

bearishbull      ( Date: 15-Dec-2014 15:06) Posted: It shoud be good senior. Since china does'nt produce oil. And they are the biggest consumer Davidson      ( Date: 14-Dec-2014 20:26) Posted: Thanks doufei senior. Btw Rh petrogas start production of oil in China early 2015. Is this a good news to the company??? Most of us know that oil price fall sharply because of price war, over supply, slow economy and short oil share.......( manipulation)

 

It shoud be good senior. Since china does'nt produce oil. And they are the biggest consumer

Davidson      ( Date: 14-Dec-2014 20:26) Posted: Thanks doufei senior. Btw Rh petrogas start production of oil in China early 2015. Is this a good news to the company??? Most of us know that oil price fall sharply because of price war, over supply, slow economy and short oil share.......( manipulation)

 

Oil price start to rise again

moneyplant      ( Date: 14-Dec-2014 22:10) Posted: Food For Thought oil remains a necessity, and it will face further scarcity in the future. Conscpiracy theory is that the saudis are betting big economical weapon against ISIS to slow down their progress. US is betting big to screw oil producing nations to short big to recoup the lost decade from the recession  After all its tracing back American culture remains all about cowboy malbora man..war & gambling.  As long as it is economical to produce heck about the prices...profits to ring for such producers....the fall is only in the index not the physical product.

 

Food For Thought oil remains a necessity, and it will face further scarcity in the future.

Conscpiracy theory is that the saudis are betting big economical weapon against ISIS to slow down their progress.

US is betting big to screw oil producing nations to short big to recoup the lost decade from the recession 

After all its tracing back American culture remains all about cowboy malbora man..war & gambling. 

As long as it is economical to produce heck about the prices...profits to ring for such producers....the fall is only in the index not the physical product.

 

Thanks doufei senior. Btw Rh petrogas start production of oil in China early 2015. Is this a good news to the company??? Most of us know that oil price fall sharply because of price war, over supply, slow economy and short oil share.......( manipulation)

 

Not expert, just sharing my personal thoughts here. Current situation is bad for O& G as oil price expected to drop further. Better not to touch now O& G now. Did not follow Linc energy, can' t commend. Between   Rex and RH, I favour Rex as it has high cash, zero debt and good potential to grow. With so many good oil companies share price low, present good opportunity for Rex to utilise its cash to invest. Can buy if price is below 30cents, but must be able to hold at least 2 years. Oil is necessity, no fear no demand, price will up when supply slow down.

Davidson      ( Date: 14-Dec-2014 16:32) Posted: Thank you very much Expert for the sharing. If u are in the position of those who are holding wat will you do? Is linc energy a better bet??

 

Thank you very much Expert for the sharing. If u are in the position of those who are holding wat will you do? Is linc energy a better bet??

 

Extracted from RH' s financial for reference. Current NAV is less than 22 cents. Current price at  33 cents  is already higher than NAV.  With more losses expected, NAV will drop further.

 

 

doufei      ( Date: 14-Dec-2014 15:54) Posted: Personal opinion here, better not to touch oil counters till oil price stabilise and reverse up. As oil price keep dropping, all O & G counters will be affected and slide further. Moreover, RH is big loss making company, very hard to survive and turn in profit. Fate may be the same as Mirach, under 10 cents.

 

Personal opinion here, better not to touch oil counters till oil price stabilise and reverse up. As oil price keep dropping, all O & G counters will be affected and slide further. Moreover, RH is big loss making company, very hard to survive and turn in profit. Fate may be the same as Mirach, under 10 cents.

 

Price look attractive but future dim....even shale producers close shop due to saudi actions..they will.reopen when.price up.....now oil supply is more than demand...

Davidson      ( Date: 14-Dec-2014 14:24) Posted: Personal opinion. The price now look very attractive but the low can always be a new low..... I,m also holding on this counter. ( make big mistake should cut losses earlier) Those who short from high make big $$.....Ezra from peak $1++. The expert here and explosive can provide a better sharing. Now oil price $57+ a barrel..... If the fall continue may see the oil next level $50 to $45???