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EZRA HOLDINGS - RED HOT NEWS
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Lucky03
Elite |
23-Jan-2016 10:40
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Ultimately, we need to see demand for crude pick up and investment into O&G resumes. For the short term, the winter is now turning much colder almost everywhere when many reports earlier indicated a warmer winter this year. Japan woke up to one of the deepest snow in years while US declaring emergency. Even Shanghai is snowing ! | ||||
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edwinjup
Supreme |
23-Jan-2016 09:53
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8 to 1 in the coming month is the killing..... | ||||
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queryit
Member |
23-Jan-2016 09:44
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I think you might be putting a bit too much emphasis on the oil prices as the saviour for EZRA Holdings, many more fundamentals in play.
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Lucky03
Elite |
23-Jan-2016 06:58
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Here?s how to know if oil prices have hit bottom
Did oil hit bottom? With oil prices having already lost roughly 20% year to date, a Thursday rebound didn?t come as a surprise, but that doesn?t mean prices have bottomed out. ?Prices will be low for some time due to supply overhang and [a] soft demand story,? said Rob Haworth, senior investment strategist for U.S. Bank Wealth Management. ?The real low in prices seems more likely to occur with a ?whimper? than a ?bang?.? But realizing when that bottom comes is important. If a trader waits to hear long-term analysts declare that the oil bust is finally over before buying oil, ?he has waited too long and may well miss the big growth in the market,? said Charles Perry, chief executive officer of energy-consulting firm Perry Management. When trends start to develop in inventories, production, demand or the economy, that will offer hints ?that the market has hit bottom and may have turned around,? he said. ?Of course, the most successful traders are the ones who first recognize these trends,? Perry said. So, needless to say, it isn?t easy to call a bottom, but here are a few ways to help judge one: Production falls and prospects for demand climb Those are two big things that oil market has been watching for. Output can show declines and demand may start to look up, but all of that has to stick. The oil market will ?need to see the global production surplus come back in towards equilibrium,? and U.S. output will have to show a decline, said Tyler Richey, co-editor of The 7:00?s Report. At the same time, ?a recovery from the recent pullback in the global economy would also help from a demand standpoint, especially from China,? Richey said. There are big rallies after big selloffs That sort of move is especially important when the rally surfaces around a key price level like $20 or $30, said Fawad Razaqzada, technical analyst at Forex.com. Oil prices have climbed less than a handful of sessions so far this year, but Thursday?s rally managed to lift West Texas Intermediate intraday oil prices CLH6, +9.21% all the way back above $30 a barrel, though they settled below that level. The U.S. oil benchmark is still down about 50% from last year?s peak. The oil market doesn?t react to news the way you expect it to ?If some particularly bearish news come out, but oil prices fail to move decisively lower?or better still, rally, [then] this would tell me that most of the bad news is already priced in,? Razaqzada said. Prices on Thursday rallied despite a 4 million-barrel weekly increase in U.S. crude inventories. That climb was bigger than the rise of 2.9 million barrels expected by analysts polled by Platts. And news that Islamic State attacked key export terminals in Libya contributed to oil?s gain Thursday, even though at least one analyst said the amount of oil involved isn?t much and attacks on Libya?s oil infrastructure aren?t anything new. ?History has shown us over and over that when everyone is swimming in the same direction, smart money always swim in the opposite way,? said Naeem Aslam, chief market analyst at AvaTrade. ?If you look at the fundamentals or sentiment, both are extremely bearish for oil and this confirms that most of the juice has already been squeezed out.? Oil companies show their hurt Given where the price of oil is trading, ?we are going to hear gigantic bankruptcies news in the coming quarter as producers will not be able to service their loans or keep up with their payments,? said Aslam. Low prices have already prompted companies to announce spending cuts. Read: Kinder Morgan swings to loss, cuts spending plans In a MarketWatch story that ran in mid-December, Perry Management?s Perry said the ?drop dead? price for U.S. shale producers?the level at which prices get low enough to stop all significant drilling?is probably down at $25 to $30 a barrel. More from MarketWatch |
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Lucky03
Elite |
23-Jan-2016 06:50
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WTI oil soars 9% to settle at a two-week high
Oil futures jumped 9% on Friday to settle at their highest level in two weeks, rebounding from oversold conditions as traders bet that major central banks will announce fresh stimulus measures that may improve sentiment for the beleaguered commodity. ?Today?s gains by oil are truly spectacular, and the retaking of $30 is a positive,? said Colin Cieszynski, chief market strategist at CMC Markets. March West Texas Intermediate crude CLH6, +9.21% added $2.66, or 9%, to settle at $32.19 a barrel on the New York Mercantile Exchange. That was the biggest one-day percentage gain since Aug. 27 and highest settlement since Jan. 8, according to FactSet data. For the week, WTI prices gained 9.4% based on last Friday?s closing level for the February contract, which expired Wednesday. The March contract itself was up 5.9% from its settlement a week ago. Brent crude LCOH6, +9.74% the global oil benchmark, rose $2.93, or 10%, to $32.18 a barrel on London?s ICE Futures exchange, set for a weekly gain of nearly 9%. It was a ?mad scramble? Friday to ?get back on the bullish bandwagon,? said Cieszynski. But the ?huge pop feels more like a bear-market rally on short covering than a proper base forming. There hasn?t been any change, the price war continues and is likely to continue for a long time meaning that we could still retest or break the recent lows eventually,? he said. Other analysts also voiced doubts that the price strength will last. ?There is really no fundamental change that can justify this two-day surge in prices,? Robbie Fraser, commodity analyst at Schneider Electric, told MarketWatch. ?More than anything, I think we?re seeing a short-covering rally and the impact of unusually high volatility throughout global markets this year.? However, ?until we see meaningful production cuts from key producers, particularly the U.S., I?m not going to feel confident that oil prices have found their bottom,? he said. European Central Bank President Mario Draghi hinted Thursday at more easing measures amid renewed pressure on inflation in European economies from falling oil prices. Traders were also speculating that Japan?s central bank might increase its asset-purchasing program at its end-of-January meeting. Global bourses bounced on the stimulus talk. But the gains for crude have come despite a hefty weekly increase in U.S. oil stockpiles. Oil deals in the offing, says Blackstone CEO (7:09) Blackstone CEO Stephen Schwarzman says the firm, which held off investing in oil last year, is weighing deals as crude makes new lows. The U.S. Energy Information Administration reported Thursday that domestic stockpiles rose by around 4 million barrels last week. Meanwhile, weekly data from Baker Hughes BHI, +3.22% showed that the number of active U.S. oil-drilling rigs edged down by 5 to 510 as of Friday. They fell by just 1 rig the prior week. Several oil producers like Venezuela and Nigeria have been urging the Organization of the Petroleum Exporting Countries to take some price-supportive measures. The request has largely been ignored by the cartel, led by Saudi Arabia, which has repeatedly said a cut in production would only be considered if non-OPEC producers are also willing to trim their output. Back on Nymex, February reformulated gasoline RBG6, +5.01% rose 5.3 cents, or 5.1%, to $1.084 a gallon, for a weekly gain of 6.1%. February heating oil HOG6, +11.14% ended at 99.57 cents a gallon, jumping 9.8 cents, or nearly 11%, higher, for a weekly climb of 6.6%. The EIA reported Thursday that supplies of distillates, which include heating oil, fell more than expected last week. February natural gas NGG16, -0.37% ended almost flat at $2.139 per million British thermal units, ending around 1.9% higher on the week. More from MarketWatch |
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Lucky03
Elite |
23-Jan-2016 02:02
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Saudis slam 'irrational' oil price as market tanks under $27
AFP 21 mins ago The world's biggest oil exporter Saudi Arabia declared this week that ultra-low oil prices were "irrational" as crude hit new 12-year lows under $27 on the global supply glut. The market's dramatic slump culminated on Wednesday with New York crude collapsing to $26.19 per barrel -- a point last seen in May 2003. London Brent oil also skidded to $27.10 -- the lowest level since November of the same year. Prices have since recovered somewhat to sit at $31 heading into the weekend, but traders remain on edge after another rocky week. Oil turned higher as OPEC kingpin Saudi said the market had "overshot" itself, while traders also digested eurozone stimulus hopes and a weaker-than-expected increase in US oil inventories. Saudi Arabia is the biggest producer within the 12-nation Organization of the Petroleum Exporting Countries (OPEC). "The price itself is irrational," said Khalid al-Falih, chairman of state-owned oil firm Saudi Aramco, at the World Economic Forum in the Swiss ski resort of Davos on Thursday. - Higher than today - "I do feel that the market has overshot on the low side and that it is inevitable (that it will) start turning up. "Where will we be by year-end? I don't know but certainly I would bet that it is going to be higher than where we are today." The world remains awash with oil supplies, a situation that has been fuelled by OPEC's refusal to curb crude output in order to squeeze out high-cost US shale producers. The Saudi-backed strategy is also aimed at pressuring non-OPEC member Russia -- the biggest global oil producer -- and force fellow OPEC member Iran to trim output. OPEC left its collective production ceiling unchanged, in both June and December 2015, at 30 million barrels per day. Estimated actual output stands at 32 million bpd. So far this year, prices faced a rapid descent as concerns also snowballed over the strong dollar and weak demand in the faltering world economy -- particularly in Asian powerhouse China. In a gloomy omen this week, the world's stock markets went into meltdown -- with many entering bear territory of 20 percent below recent peaks -- as investors took flight on global economic woes and collapsing oil prices. "Market sentiment continues to reflect concerns about supply and demand," said Accenture research specialist Damien Cox. "The story remains dominated by the oversupply as OPEC production continues apace and US shale output proves seemingly remarkably resilient. "Fresh concerns over a slowing global economy have added impetus to the downside in recent days. The slide in equities maybe reflects a more pessimistic macroeconomic outlook which in turn hints at lower energy demand." Russia was among the hardest hit this week, with its ruble currency slumping to a record low against the dollar. The nation's energy-reliant economy has already been pushed into recession by low oil prices and Western sanctions over Ukraine. - Price war - "The decision made by OPEC's main player, Saudi Arabia, not to cut supply in order to protect its market share, triggered a price war," noted Dr Nikos Paltalidis, finance lecturer at Durham University Business School. "By pushing prices to such low levels, high-cost countries, such as Russia, Iran and shale-oil producers in the United States, will face severe pressure to close down unprofitable investments." He added: "The main target from this policy is to force Russia and Iran to curb the production of oil. "OPEC's share of the world oil market is only 30 percent, down from almost 60 percent 20 years ago, and they want to increase their share in the global oil market." Saudi Arabia and other rich Gulf state OPEC members can cope with a period of low oil prices. However, poorer OPEC nations like Nigeria and Venezuela want lower output in order to lift prices and boost their precious revenues -- and have both reportedly called for an emergency meeting. "We have the most resilient capacity ... to take whatever the market serves us," added Saudi Aramco chief Falih in Davos. "If price continue to be low, we will be able to withstand it for a long, long time. "Obviously we don't hope for that -- but we have prepared for it. We have the lowest cost production in the planet." |
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Lucky03
Elite |
23-Jan-2016 01:45
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Oil Trader Who Predicted the Decline Says Price Has Bottomed
By Simone Foxman - 23 Jan 2016, 1:20:47 AM Pierre Andurand, the founder of the $615 million Andurand Capital Management who correctly predicted the slump in oil prices, said the commodity has probably hit bottom and will end the year higher. The price of oil will probably rise to $50 a barrel this year and $70 a barrel in 2017, though investors should expect heightened volatility along the way, he said Friday in an interview on Bloomberg TV. "We are in a world where we see very low prices followed by very high prices," Andurand said in the interview. "I actually think it has bottomed." Andurand?s hedge fund made 8 percent in 2015 and 38 percent in 2014, chiefly on wagers that oil would fall. As recently as December, he predicted that oil could touch $25 a barrel this quarter. West Texas Intermediate fell as low as $26.19 on Jan. 20, before rebounding 20 percent to $31.56 at 11:56 a.m. in New York. "There is very little spare capacity in the system," he said, citing declines in production that began three months ago in countries that aren?t members of the Organization of Petroleum Exporting Countries. Andurand?s previous hedge fund, BlueGold Capital, which managed about $2.2 billion at its peak, had generated a 240 percent return over four years. That fund closed in 2012 after losses the year before. |
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Lucky03
Elite |
23-Jan-2016 00:53
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SA always maintain stand that it will support emergency meeting only if non-OPEC members including Russia agrees to production cut. Russia has maintained that they will not cut production. The trend is unstoppable and can only get worst as oil producing countries started pumping more oil not just for market share but also for cash. It is a vicious cycle spiralling down. Only at the extreme that these players realise that they have no choice but to compromise. If Russia is pursuaded by Venezula and Nigeria, SA may join in. Let's see if the US Oil Rig Count will provide some 'comfort' to SA that it may finally be enough to turn the tap and turn the tide.
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sriramanv
Master |
23-Jan-2016 00:27
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All small producers like venezula, nigeria, oman etc talks are same same as we talk in the forum which has no effect or action. Only when SA flex the muscles things will change. I dont russia will cut before SA. This is like commiting suicide as the sentiment is against russia. But i strongly feel in 2-3 months something big will happen to shoot up the prices or within this year. But ezra should sustain till then. | ||||
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sriramanv
Master |
23-Jan-2016 00:13
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Telephone talk? Not whatsapp? Without SA no light in the tunnel. | ||||
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Lucky03
Elite |
23-Jan-2016 00:09
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Finally, Russia may be willing to cooperate.
Russia's Putin, Venezuela's Maduro discuss oil market - Kremlin Reuters 13 mins ago MOSCOW (Reuters) - Russian President Vladimir Putin discussed the situation on the world oil market with Venezuelan President Nicolas Maduro in a telephone call on Friday, the Kremlin said in a statement. (Reporting by Jack Stubbs Editing by Elaine Hardcastle) |
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Lucky03
Elite |
22-Jan-2016 23:14
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Goldman Sach has been talking down crude prices all the way to nearing US$20. It is now singing the opposite tune.
http://bloom.bg/1PapDbK Selling Equities on Falling Oil Is Mistake, Goldman's Cohn Says By Dakin Campbell - 22 Jan 2016, 10:14:10 PM 17:42 Jan. 22 -- Goldman Sachs President and COO Gary Cohn discusses commodities, the price and production of oil and Fed policy. He speaks on "Bloomberg ?GO?." Investors selling equities because oil prices are tumbling are making a mistake, Goldman Sachs Group Inc. President Gary Cohn said. ?People are confusing the supply-demand picture in oil,? Cohn said Friday in an interview on Bloomberg Television at the World Economic Forum in Davos. Many investors are concluding based on falling oil prices that consumption is declining and the global economy is slowing, Cohn said. ?I think that?s wrong,? he said, adding that crude prices have plunged because supply increased faster than demand. Demand for oil is still rising, though at a slow pace, Cohn said. ?People who are selling equities based on lower oil prices have it wrong.? Oil prices have tumbled about 75 percent over the past 18 months amid a global supply glut and concern demand from China would decline as economic growth there slows. Stocks rose Friday and oil prices surged on speculation central banks around the world would boost stimulus efforts. Separately, Cohn discussed markets that might have the best prospects in 2016. ?There?s great opportunity in commodities, I think there is great opportunity in credit,? Cohn said. Those are ?the two markets that we?re talking about the most, and there is the most stress or distress. You want to be in the stressed or distressed markets.? |
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Lucky03
Elite |
22-Jan-2016 23:01
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Back to test $0.15 :)))
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moron101
Supreme |
22-Jan-2016 20:07
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US Oil touched $31 liao. Short covering of EZRA will start next Monday and last till CNY.. Xiao.. | ||||
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destinykraze
Elite |
22-Jan-2016 19:12
Yells: "Reality is only a matter of perception" |
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Yes... come come. Feed the Blackhole, see if you can reap any returns.
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queryit
Member |
22-Jan-2016 11:33
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Well said
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paranomic123
Veteran |
22-Jan-2016 11:16
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sheerluck
Supreme |
22-Jan-2016 11:07
Yells: "Work for your money first then let your money work for you" |
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Bro, you worry for nothing. EZRA NAV is not negtaive. It cannot go bankrupt. It has cashflow problem. Unless their asset worth a lot less than what they record in their book, then if bank cut line and recall loan, yes it might go bankrupt. But you think carefully, if their asset is in such state, you shouldn' t pour good money after bad money becos in end it is still going to die with this sort of asset. You just prolong your suffering. If their asset are still worth as they claimed, they should go lean and sell some of their asset to raise cash. Better for the coy and better for their shareholders. but you know they would do it this way becos, they are so use to open hand and get money from you. And they know you will give. You should know part of the proceed with always be use for working capital. While you are suffering with depress price, they are still enjoying fat pay, eat good food, drive expensive car and enjoying life with your $$$$. Spend some time thinking about this. Also do not approve the consolidation. To propose consolidate mean they have no way of improving their biz to boost share price. That' s why most coy share still tanks after consolidation becos these coy fundamental are weak. To approve this is to give them leeway to relax. So do think carefully if they are trying to save the company and look after your interest or thselves and their own pocket. DYDD.
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queryit
Member |
22-Jan-2016 10:40
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All rush and buy for share consolidation )
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moron101
Supreme |
22-Jan-2016 09:49
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Better follow him to buy more.. over sold & under valued penny stock. Uptrend started. . | ||||
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