Oil Price Tumble
Oil price dropped since June this year. Is the price war going on or really drop on over supply? But OPEC members seem not cutting back the output and said the demand maintained. Below is the interesting chart for room to drill in US shale gas.
Look likely most of the operation in US will halt if the oil price drop below $80/bbl because of high operating cost. OPEC will be happy to see it drop and they probably regain the market shares.
However, OPEC may only take action when the oil price drop to $70/bbl. As for Russia’s central bank will likely to intervene when the oil price is dropping to $60/bbl. This seems that they are very comfortable with the fall at moment.
Shares Allocation by Sectors
After several years of investing in stock market and managed to accumulated 20+ stocks. Below is my stocks allocation by sectors:
My shares portfolio consists of 3 major sectors – consumer, trading/services and finance; which represented about 90% of my total investment.
Buy Share Criteria
Initially I was having a tough time to read one by one of the company financial report online at bursa website. Thank to Stock Performance Guide. It really save me a lot of time for hunting company’s information.
You can order the book here!
Daughter & Son
My 2 years old little boy likes to follow his sister on whatever she is doing. One afternoon, his sister said want to go poo-poo. He followed her to toilet and see what she is doing. He saw her sitting on the toilet bowl; he then went to sit on the potty. I found it is a interesting moment. So, I just quickly took out my camera to capture the kodak moment. They acted happily when I told them to smile to the camera and this is what I get 😛