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Petronas Dagangan continue to creep up after a deep fall last 2-3 weeks
$PETDAG (5681.MY)$ Somehow Petronas dagangan is still seen as a good value at current trading price. Those who have bought on the dip below RM17, can rest easy knowing there is still value holding Petdag shares. Will it go up back to RM20? That will be awesome right!
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I am a medium-term investor leveraging on experience, skill, knowledge, discipline, intuition and a bit of good luck😀
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我要财富自由 : yes indeed Mr Feizal.
now another stock to monitor PChem
little sand : Waiting for big holder move
KangkungBelacan : Yes! Congrats for those who bought below RM17. I would really wonder how much Petroleum Sarawak will affect PetDag. I think it will affect PetChem negatively. But, not sure about PetDag.
Value Hunter OP KangkungBelacan : If you referring to the recent news that Petros is now the gas aggregator in Sarawak? This means that Petros will take over the role from Petronas, not only as a buyer and seller of natural gas, but also to undertake all activities related to the acquisition, supply and distribution of natural gas produced in Sarawak. Processing gas to liquid gas and vice versa is not in the scope. Therefore, it stands to read logically that Petronas core gas processing activities will still continue with Petronas private subsidiary - Malaysia LNG Sdn Bhd based in Bintulu including their floating lng plants, PFLNG 1 and 2 . Meanwhile Petdag and Pchem are both listed companies in Bskl, their downstream business activities are reported separately from the gas processing and distribution business.