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RoundRound Elite	28-Nov-2014 10:48        RoundRound About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tikam Tikam can also"
x 0   x 0  Alert Admin	Today heavy weight Oil n Gas (and very profitable counters) like Nam Cheong n Ezion can drop so much, other related counters will not be spared for long. Better to liquidate, get back something or short for near term profit.
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victortan Elite	28-Nov-2014 10:44        victortan About Contact  Quote this Post!
x 0   x 0  Alert Admin	The best time to short was yesterday morning prior to OPEC meet, it is a common sense thing that they will not reduce o/p. to their competitior advantage. US producer are set for big downfall later. Ther debt are up to the nose, they cannot afford to reduce too, so what awill happen is that they will kill one another till one knockout that is when oil will turn around, but that will be a long time form now. few months to a yr to play out.
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victortan Elite	28-Nov-2014 10:35        victortan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Then why not short it. I increase my short position early in the morning. Since i got good profit to buffer, i will let my trailing stop do the profit taking on the way dwn, to profit even more. It is a donee case. oil n gas is edging dwn, dont cling on to fake hope, be realistic and take relistic action to prevent more damage. go short. till oil 55/60. bishan22      ( Date: 28-Nov-2014 10:32) Posted: No hurry to collect ezion, NC, PR, Ezra, etc................. Mr Saudi is leading the way. ballball58      ( Date: 28-Nov-2014 10:10) Posted: So far, only down to .375. Think it can still drop further over the coming weeks/months, so not in a hurry to buy yet.
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sheerluck Supreme	28-Nov-2014 10:33        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	If NCL can confirm the US186mil deal, there is a good chance it can go back to 50cts.   If not, it may just linger around the 40cts range.   NCL has not disappointed so far but O& G really suck now. The risk associated with NCL is its biz model.   If one looks at NCL' s financial statement on borrowing, inventories and especially tax expenses, you can come to some conclusions yourself.
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bishan22 Supreme	28-Nov-2014 10:32        bishan22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No hurry to collect ezion, NC, PR, Ezra, etc................. Mr Saudi is leading the way. ballball58      ( Date: 28-Nov-2014 10:10) Posted: So far, only down to .375. Think it can still drop further over the coming weeks/months, so not in a hurry to buy yet.
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ballball58 Member	28-Nov-2014 10:10        ballball58 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So far, only down to .375. Think it can still drop further over the coming weeks/months, so not in a hurry to buy yet.
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ballball58 Member	27-Nov-2014 19:35        ballball58 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If NC drop to 33/35 level, it would be bargain of the year. Must buy more!!
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moron101 Supreme	27-Nov-2014 19:24        moron101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	.40 can't hold will go back to .33 / .35 levels. Watch coming days.. reyesnowen      ( Date: 25-Nov-2014 09:02) Posted: Seems like quite a lot of support at this price level (0.41 - 0.415)
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reyesnowen Member	25-Nov-2014 09:02        reyesnowen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seems like quite a lot of support at this price level (0.41 - 0.415)
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sun233 Elite	25-Nov-2014 08:27        sun233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	They have to. How can they be comfortable? Venezuela, Russia,Iran calling for cuts but the saudi' s are afraid because there is no transparency as to who will cut most. Like i said this next two days will be important.Either way it' s a good stock just hold a while longer. Drop buy more.  linbei      ( Date: 24-Nov-2014 21:15) Posted: OPEC most likely will not cut output.They feel OK with the price.
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linbei Veteran	24-Nov-2014 21:15        linbei About Contact  Quote this Post! Style: Combined   Mood: Yells: "Huat ah!"
x 0   x 0  Alert Admin	OPEC most likely will not cut output.They feel OK with the price.
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sun233 Elite	24-Nov-2014 10:23        sun233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Upswing on the way. Let' s hope OPEC gets it right this time. Still not getting their house in order.
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linbei Veteran	22-Nov-2014 13:22        linbei About Contact  Quote this Post! Style: Combined   Mood: Yells: "Huat ah!"
x 0   x 0  Alert Admin	from the share pattern, something big is coming..ai_jai
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sheerluck Supreme	21-Nov-2014 12:39        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Nam Cheong ai mai ai mai......
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linbei Veteran	17-Nov-2014 23:50        linbei About Contact  Quote this Post! Style: Combined   Mood: Yells: "Huat ah!"
x 0   x 0  Alert Admin	we shall see a big cut in our electricity tarriff.please hold till Dec end.
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Qanghoo Supreme	17-Nov-2014 15:35        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	I always give my cynical 2c worth abt the media.  Some places, it' s such a bland n lifeless parrot.  Other places it' s full-blown sensation.  Bias and skewed reporting is order of the day. RedEye1811      ( Date: 17-Nov-2014 14:20) Posted: Agree. OPEC is definitely a beast with lot of cheating. But it the psychological impact I would be looking for as you point out. If they announce a cut then that likely take steam out of issue and cause spectulators to look elsewhere. One thing I find with the bear market issues or bull periods is the amount of media coverage etc. If stock crashing or booming and media all over it then needs a circuit breaker to stop things and cause media to go elsewhere. At moment media talking left and right about oil and the bear market and how far it fall. If OPEC comes in and announces a cut then I feel it will cause media to cool off and write stories on other things. The decline in media attention will sooth investor concerns and prices will stabilize. The prices may continue to fall till supply/demand equilibrium reached but at a slower rate and lower in magnitude than if media keeps harp on about it. If media keeps harping on likely to drive price too low and then too many producers drop out of market and suddenly we find ourselves looking the other way of too much demand and not enough supply and then prices shoot up again too fast. Take heat out of market and allow equilibrium to form quietly and we all be better off. Qanghoo      ( Date: 17-Nov-2014 14:11) Posted: That' s true.  But OPEC is another wrestling circus.  And there' s also lots of cheating on what' s agreed on.  But there' ll be a psychological  (or at least a knee-jerk) reaction if at the 2711 mtg, they signal to the world that they drop production.
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RedEye1811 Master	17-Nov-2014 14:20        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Agree. OPEC is definitely a beast with lot of cheating. But it the psychological impact I would be looking for as you point out. If they announce a cut then that likely take steam out of issue and cause spectulators to look elsewhere. One thing I find with the bear market issues or bull periods is the amount of media coverage etc. If stock crashing or booming and media all over it then needs a circuit breaker to stop things and cause media to go elsewhere. At moment media talking left and right about oil and the bear market and how far it fall. If OPEC comes in and announces a cut then I feel it will cause media to cool off and write stories on other things. The decline in media attention will sooth investor concerns and prices will stabilize. The prices may continue to fall till supply/demand equilibrium reached but at a slower rate and lower in magnitude than if media keeps harp on about it. If media keeps harping on likely to drive price too low and then too many producers drop out of market and suddenly we find ourselves looking the other way of too much demand and not enough supply and then prices shoot up again too fast. Take heat out of market and allow equilibrium to form quietly and we all be better off. Qanghoo      ( Date: 17-Nov-2014 14:11) Posted: That' s true.  But OPEC is another wrestling circus.  And there' s also lots of cheating on what' s agreed on.  But there' ll be a psychological  (or at least a knee-jerk) reaction if at the 2711 mtg, they signal to the world that they drop production. RedEye1811      ( Date: 17-Nov-2014 13:52) Posted: Lots of " IFs" about indeed. I personally think the supply side is the easiest and will be fastest to move and will be the best way of getting a stable price floor. If OPEC takes effective action for example to cut production the supply will shift and glut will be eliminated sooner and the forward thinking market agents will swiftly feel bottom of price decline reached. Adjustment in demand will be later. If it declines in short term than price likely to decline a little more but not plunge below floor if supply side has responded. If growth can be move on then demand will improve and then prices will come back. If demand and supply just allowed to fumble around then moves up and down likely be quite severe and any real floor may be difficult to identify.
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Qanghoo Supreme	17-Nov-2014 14:11        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	That' s true.  But OPEC is another wrestling circus.  And there' s also lots of cheating on what' s agreed on.  But there' ll be a psychological  (or at least a knee-jerk) reaction if at the 2711 mtg, they signal to the world that they drop production. RedEye1811      ( Date: 17-Nov-2014 13:52) Posted: Lots of " IFs" about indeed. I personally think the supply side is the easiest and will be fastest to move and will be the best way of getting a stable price floor. If OPEC takes effective action for example to cut production the supply will shift and glut will be eliminated sooner and the forward thinking market agents will swiftly feel bottom of price decline reached. Adjustment in demand will be later. If it declines in short term than price likely to decline a little more but not plunge below floor if supply side has responded. If growth can be move on then demand will improve and then prices will come back. If demand and supply just allowed to fumble around then moves up and down likely be quite severe and any real floor may be difficult to identify. Qanghoo      ( Date: 17-Nov-2014 13:39) Posted: Share what u are saying.  I' ve been saying that price cannot be below cost of production for long.  Otherwise, how will the producers survive.  Demand is probably a ? that will have in influence on price.  Yesterday, after reading abt the G20 wayanging abt growing the world economy by 2% by 2018 (most times what they say  turn out to be a joke), I started to think if it really happens, oil price has probably hit the bottom.  But that' s another big  IF cos the the way these people bicker around, we' d be happy if they don' t cause growth to skid further.
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RedEye1811 Master	17-Nov-2014 13:52        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Lots of " IFs" about indeed. I personally think the supply side is the easiest and will be fastest to move and will be the best way of getting a stable price floor. If OPEC takes effective action for example to cut production the supply will shift and glut will be eliminated sooner and the forward thinking market agents will swiftly feel bottom of price decline reached. Adjustment in demand will be later. If it declines in short term than price likely to decline a little more but not plunge below floor if supply side has responded. If growth can be move on then demand will improve and then prices will come back. If demand and supply just allowed to fumble around then moves up and down likely be quite severe and any real floor may be difficult to identify. Qanghoo      ( Date: 17-Nov-2014 13:39) Posted: Share what u are saying.  I' ve been saying that price cannot be below cost of production for long.  Otherwise, how will the producers survive.  Demand is probably a ? that will have in influence on price.  Yesterday, after reading abt the G20 wayanging abt growing the world economy by 2% by 2018 (most times what they say  turn out to be a joke), I started to think if it really happens, oil price has probably hit the bottom.  But that' s another big  IF cos the the way these people bicker around, we' d be happy if they don' t cause growth to skid further. RedEye1811      ( Date: 17-Nov-2014 13:22) Posted: Bro....Great point on shale not being in equation before so that makes for extra twist. Question at moment is what is the bottom price US shale producers can produce shale oil at. Some say USD$80, others USD$75 and so say lower. If accept USD$75 is there bottomline then current prices will begin to knock them out of market such that shale production may fall. USD$75 is about 30% decline which equates to the average drop in crude oil bear markets so this could form the floor. But if price rises again above USD$80 then this could inspire new shale producers to re-jump into market. So USD$75 - $80 may become a sticky point for prices. Doubt a number of OPEC members want it to go lower than USD$75 as too painful on their budgets. But they may keep it between USD$75 - $80 just to keep shale producers out of market. So downside floor may soon be in play but length of bear market may be longer than previously. If geo-politics swings into play then prices will shoot up. My personal layman' s opinion is crude oil getting into range for a floor to form (though at times may dip lower) but the length bear market sustained will be longer than average. Prices in long-term will begin to creep up to USD$90 and then USD$100 as energy demand increase, shale oil reserves/production stabilizes etc. Of course this can go opposite and prices may shoot back up in sharp " V" tomorrow if global glut not as bad as thought and global demand begins to rise quickly.
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Qanghoo Supreme	17-Nov-2014 13:39        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Share what u are saying.  I' ve been saying that price cannot be below cost of production for long.  Otherwise, how will the producers survive.  Demand is probably a ? that will have in influence on price.  Yesterday, after reading abt the G20 wayanging abt growing the world economy by 2% by 2018 (most times what they say  turn out to be a joke), I started to think if it really happens, oil price has probably hit the bottom.  But that' s another big  IF cos the the way these people bicker around, we' d be happy if they don' t cause growth to skid further. RedEye1811      ( Date: 17-Nov-2014 13:22) Posted: Bro....Great point on shale not being in equation before so that makes for extra twist. Question at moment is what is the bottom price US shale producers can produce shale oil at. Some say USD$80, others USD$75 and so say lower. If accept USD$75 is there bottomline then current prices will begin to knock them out of market such that shale production may fall. USD$75 is about 30% decline which equates to the average drop in crude oil bear markets so this could form the floor. But if price rises again above USD$80 then this could inspire new shale producers to re-jump into market. So USD$75 - $80 may become a sticky point for prices. Doubt a number of OPEC members want it to go lower than USD$75 as too painful on their budgets. But they may keep it between USD$75 - $80 just to keep shale producers out of market. So downside floor may soon be in play but length of bear market may be longer than previously. If geo-politics swings into play then prices will shoot up. My personal layman' s opinion is crude oil getting into range for a floor to form (though at times may dip lower) but the length bear market sustained will be longer than average. Prices in long-term will begin to creep up to USD$90 and then USD$100 as energy demand increase, shale oil reserves/production stabilizes etc. Of course this can go opposite and prices may shoot back up in sharp " V" tomorrow if global glut not as bad as thought and global demand begins to rise quickly. Qanghoo      ( Date: 16-Nov-2014 23:08) Posted: Thx.  That was very informative.  Prior to 2013, shale wasn' t a part of the equation yet.  So, this time, the period of adjustment may be longer, and ultimately prices may not reach previous peaks although I' d venture a guess that oil price at US100 wld be here to stay in the longer term, notwithstanding that the US may become an exporter in maybe two-three yrs.  Geo-politics in play  wlid also likely cause prices to shoot up, especially in times of instability in the Middle East (eg, if the Iran nuclear talks fail and Israel threatens a preemptive strike).  Anyway, I' m no expert.  Just a layman' s kopitiam think-aloud.
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