Post Reply
221-240 of 4227
15 million shares sold down today wow 🤩
BBs exiting to collect cheaper later on?
ozone2002 ( Date: 03-Oct-2023 09:24) Posted:
0.295  -0.005
Early morning already 3m sold down
Geo needs a breather after rallying 1 week str8 up more than 35% from 22c to 30c
technicals over stretched for now in over bought territory |
|
BBC news
Oil cartel leader says demand expected to grow
By Faarea Masud
Business reporter
Demand for oil will continue to grow and remain "resilient" this year, according to the secretary general of Opec+.
Opec+ is a group of 23 oil-exporting countries which decides how much crude oil to sell on the world market.
"We see demand growing about 2.4 million barrels a day," Haitham Al Ghais told the BBC.
Saudi Arabia said it would be cutting its production of crude oil by a million barrels a day to boost prices.
Dallan ( Date: 03-Oct-2023 16:44) Posted:
Oil prices are not going to fall soon according to the head of producers cartel Opec despite predictions that demand for fossil fuels will peak this decade.
Haitham Al Ghais, OPEC?s secretary-general, warned that demand will continue to rise and that investment in the oil and gas sector of at least US$12 trillion is required to avoid an energy crunch in 2045.
.....
.....
"For next year we see demand continuing to grow north of 2 million barrels a day - of course, all subject to some of the uncertainties in the global market. Nevertheless, we still feel quite optimistic... that global oil demand is going to be quite resilient this year".
"Energy demand will grow by nearly 25% by the year 2045 compared to what it is today - and all forms of energy will be required", he said.
|
|
Oil prices are not going to fall soon according to the head of producers cartel Opec despite predictions that demand for fossil fuels will peak this decade.
Haitham Al Ghais, OPEC?s secretary-general, warned that demand will continue to rise and that investment in the oil and gas sector of at least US$12 trillion is required to avoid an energy crunch in 2045.
.....
.....
"For next year we see demand continuing to grow north of 2 million barrels a day - of course, all subject to some of the uncertainties in the global market. Nevertheless, we still feel quite optimistic... that global oil demand is going to be quite resilient this year".
"Energy demand will grow by nearly 25% by the year 2045 compared to what it is today - and all forms of energy will be required", he said.
Positive news , good vv
focusy ( Date: 03-Oct-2023 12:14) Posted:
GEO ENERGY: Stock price rises on coal price upturn, M& A plan set to be voted on
https://www.nextinsight.net/story-archive-mainmenu-60/946-2023/15388-geo-energy-riding-on-coal-price-upturn-m-a-plan-set-to-be-voted-on
Ayamas ( Date: 03-Oct-2023 12:02) Posted:
| Oil fell sharply to 88. But it might go up again. |
|
|
|
GEO ENERGY: Stock price rises on coal price upturn, M& A plan set to be voted on
https://www.nextinsight.net/story-archive-mainmenu-60/946-2023/15388-geo-energy-riding-on-coal-price-upturn-m-a-plan-set-to-be-voted-on
Ayamas ( Date: 03-Oct-2023 12:02) Posted:
| Oil fell sharply to 88. But it might go up again. |
|
Oil fell sharply to 88. But it might go up again.
it will continue to be volatile in oct.. today was becoz of feds comments.. it will find new support level around 28-29.. then consolidate and make another dash in nov ..
pursuer76 ( Date: 03-Oct-2023 09:50) Posted:
| today mkt " da yi ma" . all the counters in my watchlist in red. wait for da yi ma to go away and it will continue uptrend. |
|
Frankly, if BBs want to push up, I reckon overbought has no relevance. We just sit back and enjoy the ride up with popcorns in hand. 😄
ozone2002 ( Date: 03-Oct-2023 09:24) Posted:
0.295 -0.005
Early morning already 3m sold down
Geo needs a breather after rallying 1 week str8 up more than 35% from 22c to 30c
technicals over stretched for now in over bought territory |
|
left pocket to right pocket, cha cha bom. accum at 29/29.5. plse drop somemore . countdown to 13
Yeah.. looks like it.. sold @ .295.. will re-enter on pull back..
today mkt " da yi ma" . all the counters in my watchlist in red. wait for da yi ma to go away and it will continue uptrend.
0.295 -0.005
Early morning already 3m sold down
Geo needs a breather after rallying 1 week str8 up more than 35% from 22c to 30c
technicals over stretched for now in over bought territory
Good for those who bought high previously and now hitting the cost price.
Great for those who bought at the low.
tccroy ( Date: 02-Oct-2023 23:26) Posted:
Hold on to Geo. Do not sell. Once sold you can never be able to get back at this price. It will be exactly the same as GEAR. GEAR gone up from 33 cent all the way to 55 cents and was sold down to 44 cents but GEAR recovers from 44 cents and gone all the way up to almost $2.00 without looking back. DYODD.
fruitfulness ( Date: 02-Oct-2023 22:47) Posted:
| Hoping the Geo will experience share price increase like two years before in 2021, from end Sep to third wk of Oct, when the price increased from 23c thereabout to 43c! Good chance of history repeating itself ... |
|
|
|
Correction. Typo error. GEAR gone all the way up to $1.00
tccroy ( Date: 02-Oct-2023 23:26) Posted:
Hold on to Geo. Do not sell. Once sold you can never be able to get back at this price. It will be exactly the same as GEAR. GEAR gone up from 33 cent all the way to 55 cents and was sold down to 44 cents but GEAR recovers from 44 cents and gone all the way up to almost $2.00 without looking back. DYODD.
fruitfulness ( Date: 02-Oct-2023 22:47) Posted:
| Hoping the Geo will experience share price increase like two years before in 2021, from end Sep to third wk of Oct, when the price increased from 23c thereabout to 43c! Good chance of history repeating itself ... |
|
|
|
Hold on to Geo. Do not sell. Once sold you can never be able to get back at this price. It will be exactly the same as GEAR. GEAR gone up from 33 cent all the way to 55 cents and was sold down to 44 cents but GEAR recovers from 44 cents and gone all the way up to almost $2.00 without looking back. DYODD.
fruitfulness ( Date: 02-Oct-2023 22:47) Posted:
| Hoping the Geo will experience share price increase like two years before in 2021, from end Sep to third wk of Oct, when the price increased from 23c thereabout to 43c! Good chance of history repeating itself ... |
|
Hoping the Geo will experience share price increase like two years before in 2021, from end Sep to third wk of Oct, when the price increased from 23c thereabout to 43c! Good chance of history repeating itself ...
KGI analysis is a little lagging just what they did to Golden Energy in the pass...
tccroy ( Date: 02-Oct-2023 18:51) Posted:
| Obviously KGI applying the same tactic to scare retailers to sell in order to load at lower prices |
|
The shortists r very desperated, spending abt $3.38m shorting 11.31m shares at 29.9c/pc. Even with such high vol of shorting, Geo still closed at 30c/pc, indicating BBs r supporting this stock.
Very likely, once the purchase of Golden Eagle is approved by shareholders, Geo would easily shoot up to 37c which is it NTA. Further more all these shorted shares need to be covered, indicating more upsides
Obviously KGI applying the same tactic to scare retailers to sell in order to load at lower prices
Could it be KGI did a stop hunt to accumulate more shares ard 29.5 after the big dump?
Geo Energy Resources Limited (GERL SP): Profit off from seasonality
- RE-ITERATE BUY Entry 0.260 &ndash Target &ndash 0.305 Stop Loss &ndash 0.240
- Geo Energy Resources Limited is an integrated coal mining specialist. The Company owns and operates coal mines, offers mine contracting services to third-party mine owners, and sells coal to coal traders and export companies.
- War chest secured. The company announced that it has secured US$200mn term loan facilities with an 8.5% p.a. Interest rate and tenor of up to 5 years from Bank Mandiri. The loan is used for potential acquisitions, working capital and other expenditures.
- Re-stocking season coming. China&rsquo s economic recovery has been lukewarm since its reopening in 4Q22. However, its coal demand remains resilient as higher electricity consumption is driven by the recovery in the service sectors. Meanwhile, the increasing penetration of electric vehicles also drives power demand higher. Seasonally, 4Q is the peak season of both electricity and coal demand, and hence, power companies start restocking their coal inventories for the coming winter. Accordingly, coal prices are expected to edge up higher.
Indonesia&rsquo s coal exports to China seasonality
(Source: Bloomberg)
China port coal stocks
(Source: Bloomberg)
Indonesia 4,200 GAR coal futures
(Source: Bloomberg)
- Attractive dividend yield. Geo Energy has been paying consistent quarterly dividends. The current trailing 12M dividend yield is 24%.
(Source: Bloomberg)
