RH PetroGas
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Oil and Gas counters are volatile
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No. Trading house talk trade not trust. As saviorforever says, trust no one but yourself.
UOBkayhian stated TP of 0.24, but look at the trend now, It was drifting down and
can you trust what the trading house research?? Hai si lang
Trainner ( Date: 11-Apr-2024 14:17) Posted:
That is irresponsible.......
Sgvale ( Date: 11-Apr-2024 13:10) Posted:
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That is irresponsible.......
Sgvale ( Date: 11-Apr-2024 13:10) Posted:
Upbkh knows raise & dump
sengkang ( Date: 28-Mar-2024 14:45) Posted:
| Thot UOBKH up taget to 24.2c based on Edge repor |
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Upbkh knows raise & dump
sengkang ( Date: 28-Mar-2024 14:45) Posted:
Thot UOBKH up taget to 24.2c based on Edge report
ykjuay ( Date: 28-Mar-2024 12:18) Posted:
| Recent found oil samples could be of good quality n analysts hv adjusted their tgt price above $2 |
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RH cannot afford to put aside a big amount to standby if this case becomes a real corrupt case. Like the corrupted seahum.. 😢 😢 😢
TraderBen ( Date: 11-Apr-2024 09:46) Posted:
| better dont touch for the time being.. wait for investigations to be over |
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drop little only, dont worry. Relax
TraderBen ( Date: 09-Apr-2024 22:10) Posted:
Siao liao.. Thurs at least drop 2 cents at opening
sengkang ( Date: 28-Mar-2024 14:45) Posted:
| Thot UOBKH up taget to 24.2c based on Edge repor |
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oic no wonder rex and RH go opp direction
TraderBen ( Date: 11-Apr-2024 09:46) Posted:
| better dont touch for the time being.. wait for investigations to be over |
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better dont touch for the time being.. wait for investigations to be over
https://links.sgx.com/FileOpen/RHPL%20-%20Disclaimer%20of%20Audit%20Opinion.ashx?App=Announcement& FileID=795589
what news
TraderBen ( Date: 09-Apr-2024 22:10) Posted:
Siao liao.. Thurs at least drop 2 cents at opening
sengkang ( Date: 28-Mar-2024 14:45) Posted:
| Thot UOBKH up taget to 24.2c based on Edge repor |
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Siao liao.. Thurs at least drop 2 cents at opening
sengkang ( Date: 28-Mar-2024 14:45) Posted:
Thot UOBKH up taget to 24.2c based on Edge report
ykjuay ( Date: 28-Mar-2024 12:18) Posted:
| Recent found oil samples could be of good quality n analysts hv adjusted their tgt price above $2 |
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Aiyo, typo error, $0.2
Thot UOBKH up taget to 24.2c based on Edge report
ykjuay ( Date: 28-Mar-2024 12:18) Posted:
| Recent found oil samples could be of good quality n analysts hv adjusted their tgt price above $2 |
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Really?
Where can I find this analyst report?
Thanks.
ykjuay ( Date: 28-Mar-2024 12:18) Posted:
| Recent found oil samples could be of good quality n analysts hv adjusted their tgt price above $2 |
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Recent found oil samples could be of good quality n analysts hv adjusted their tgt price above $2
wow...any news? isit time to buy?
Not bad RHP. 420 API light oil is goodiezzzz.
Latest news:
The Piarawi-1 well was drilled to a total depth of 11,050 feet, which was 350 feet deeper than planned. The well encountered oil-bearing reservoir in the target Kais carbonate formation at 10,400 feet with oil gradient being established and light oil samples of 420 API gravity being recovered from the MDT (Modular Formation Dynamics) wireline formation testing tool. Based on the well logging data, it is estimated that approximately 25 feet of net oil pay is present in an overall hydrocarbon column of 70 feet within the Kais formation.
The problem is that in the case of RH petrogas its last 3 drillings had resulted in no oil or gas discovery. So far no luck, although it tried.
For Rex, its monthly production in the recent month has dipped below 10,000 boepd. And its own oilfield in Oman is the least productive.
How to take advantage of high oil prices?
Brent crude future has shot up to US$88, very good for RH Petrogas n Rex. Very likely oil price will remain high for the whole year .. OPEC + will continue extend output cut to bolster oil prices.
https://tradingeconomics.com/commodity/brent-crude-oil.
Brent crude futures held above $88 per barrel on Friday and were set to advance about 4% this week, underpinned by signs of robust US demand and a bullish outlook on global consumption for this year. The latest EIA data showed that US crude inventories fell by 1.536 million barrels last week, defying expectations for a 1.338 million barrel build. The International Energy Agency also increased its 2024 global oil demand forecast to 1.3 million barrels per day from 1.2 million bpd, and revised its forecast to a slight deficit this year instead of a surplus. Oil prices received additional support this week from Ukrainian drone strikes on Russian refineries which resulted in a fire at Rosneft's largest refinery. At the same time, geopolitical tensions in the Middle East and the decision by OPEC+ to extend supply cuts further bolstered oil prices.
