Thursday, March 18, 2010

Daya Materials Berhad - Bursa

DMB is a growth-oriented oil & gas company based in Malaysia. Our group is principally involved in provision of oil & gas products and services, specialty chemicals, advanced polymers as well as technical services. DMB is listed on Bursa Malaysia with a stock symbol "DAYA" and stock code "0091".
Founded in 1994, DMB started out as a pioneer in the production and marketing of specialized polymers. From a small base, our Group has since expanded into downstream chemicals, engineering & construction as well as oil & gas services. Today, DMB is regarded as one of the largest suppliers of downstream chemicals and specialized lifting and material handling services to the domestic oil & gas industry. (RM0.35)

Delta Petroleum moves to sell Vega asset stake

Delta Petroleum Corp., an oil and gas exploration and development company, on Thursday said it has tentatively agreed to sell a stake of its Vega Area assets in western Colorado's Piceance Basin for $400 million.
Delta said it plans to use $225 million to develop the Vega Area over the next three years. The remainder of funds will go toward bolstering the balance sheet and fulfilling general working capital purposes.

Friday, March 12, 2010

2010: The Best of Times or the Worst?

1. The real estate market will crash again.

2. Will China crash? America’s crash has hit China in the gut. The Chinese are laying off millions of workers. Only massive government bailout is keeping the economy afloat. The Chinese boom will eventually go bust…but will it bust in 2010? Only time will tell.

3. When America stopped importing from China, China stopped importing from the rest of the world. This affects Asian countries as well as Australia, Brazil, and other suppliers of raw materials.

4. Fed Chairman Ben Bernanke is replacing toxic debt with new debt. By protecting his friends in the mega-banks, he is turning the U.S. into a zombie nation. The recession is over, but America is entering an era we will be calling The New Depression, a period when the rich become extremely rich but everyone else becomes poorer. Taxes will kill anyone working for a paycheck.

5. The U.S. dollar will grow weaker. If the dollar strengthens, we will have more unemployment because our goods become too expensive and we will export less.

6. The deficit will increase. The bailouts for the rich are killing the economy.

7. Israel may attack Iran. Israel will not tolerate Iran developing nuclear power, even if Iran claims it is for peaceful purposes. If there is an attack, oil prices will go through the roof.

8. Dead cat bounce. The current stock market rally will probably turn into a dead cat bounce. If the Dow drops below 6500, 5,000 may be the next stop.

9. Gold, silver, and oil will continue to be safe investments in 2010.

by Robert Kiyosaki

Thursday, March 4, 2010

Terrorist group planning Malacca Oil-tanker attacks

The Singapore Navy has “received indication” that a terrorist group is planning attacks on oil tankers in the Malacca Strait, the Singapore Shipping Association said in an advisory today.

“The terrorists’ intent is probably to achieve widespread publicity and showcase that it remains a viable group,” the advisory said, without naming any groups. “This information does not preclude possible attacks on other large vessels with dangerous cargo.”