ShareTradeForum
SUMATEC RESOURCES BERHAD
was established in 1979 as a service provider in the downstream sector of the oil and gas industry. The Company is currently going through a business re-structuring program which will see it entering the upstream sector via a joint investment agreement with Markmore Energy (Labuan) Limited and CaspiOilGas LLP to develop the Rakushechnoye Oil and Gas Field in West Kazakhstan.
Source - sumatec
4 comments
By looking at the volumes at the 0.085, it was aggressively bought since last week Friday and today. No matter sells, the buyer(s) really eat those. Very interesting scenario.
Lots of investors missed the 0.075 to 0.085. The opportunity cost was there and was ignored. Well, still have the opportunity to grab the 0.085 if you know how.
Trade at your own capability, invest wisely and don't be a jack ass when earning a few cents from here or there (you all know where).
Have a good day to you all.
Sumatec assets will be revalued soon based on current oil price.this is so cos when sumatec purchased the oil field it was bought at a negotiated price, as oil price was down to usd 30 +
Buy call
Now, for that particular "talk", possible another announcement of production progress(new rigs or whatever) to support that target of 3500 barrels per day.
I am expecting the announcement. When? Only God knows when.
aiyoh why play this lousy stock, full of debt, doing what business also nobody know ... that country winter 6 months balls also freeze !!
you think can drill oil !!?? drill ice may be !!! guy dont stick to counter which is gone case, shift to strong potential counter lah, last year i lost a lot money on few counters, just recover fully just now by disposing 80% of my PUC wb and LA , i still keep puc mother, i think shift to puc now still not too late may be can get get 50% return !!! long term 100% sap sap water .