| Latest Forum Topics / RH PetroGas Last:0.194 -- |
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Oil and Gas counters are volatile
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stanip
Veteran |
11-Aug-2022 23:26
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 Excellent financial results! 4 areas I really like.1) P& L growth and scalability: (+) Volume up 44%, profit up 85%. (+) P& L scalability advantage due to currency: Total costs (cost of sales + SG& A mainly in local currency) only up 29% to support a 44% US$ revenue growth. (+) PE now in the 3-4 range 2) Super strong & clean balance sheet: (+) Debt free. ( a very strong point in a high interest environment). Cash is even than their net assets. (+) US$47.5m cash balance translates to S$0.08 cash per share. In other words, shareholders are only paying S$0.14 to buy RHP non-cash assets and oil reserves... 3) Hidden $5m p.a. profit upside in 20 months (+) The right-to-use assets currently are being charged to P& L at $5m per annum as costs. The charge will finish in about 20 months. This $5m " guaranteed" profit improvement will have a significant impact on their profit position in the future. 4) Q4 commencement of a new well drilling as part of the new PSCs. Reserves already there. No need to incur debt to buy... |
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L.FATT
Member |
11-Aug-2022 18:24
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Wow just wow | ||||
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piscesmonkey
Supreme |
11-Aug-2022 18:17
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 Very good result ATH👍 |
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stanip
Veteran |
11-Aug-2022 11:19
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Any news on when H1 result is coming out? | ||||
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Catrade
Senior |
11-Aug-2022 01:00
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Crude & Brent coil Future r rising, RH Petrogas should have a good run soon .... |
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stanip
Veteran |
05-Aug-2022 16:06
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SG oil counters bottomed out? China Aviation Oil H1 net profit falls 19% but share up 0.5% today. Rex holding steady despite unclear impact from operational issues. RHP short volume very minimal in last 10 days... Other views? |
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ahberngh
Master |
03-Aug-2022 18:29
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Gas Shortage Sparks Energy Security Fears In AsiaRead full article at Oilprice.com. Currently there is a world supply shortage of gas, with Europe having the worst of it. This reminds me that RHP produces a significant amount of gas as well and with gas prices going up, bodes well for RHP. |
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ssw518
Elite |
02-Aug-2022 15:30
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still looks weak, inverted v shape
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ssw518
Elite |
02-Aug-2022 15:01
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Actually yesterday drop in oil px surprise many, UE key problem is Winter, not MFG for now, they need oil. Travel picking up right? Oil needed China trying to rescure their property sect, only way is to push start the construction sector (oil from Russia) US they need to bring back their reserved. If anyone worry about " in case" , US / China should be first one anyway, just my view. dyodd |
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ssw518
Elite |
02-Aug-2022 14:48
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oil green liao see can hold or not, if tomorrow opec say bo extra cap, then O& G should get a good rebound. | ||||
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ssw518
Elite |
02-Aug-2022 14:36
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Nobody wants war la, but it a fight of honour and dignity between the two. Nevertheless nothing wrong if one worry " In Case" la. Most of the time, when this happens oil get push up instead, in case really happen oil will shoot on demand, so some country will stock up a bit.
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stanip
Veteran |
02-Aug-2022 13:58
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Global level as a reference, Invesco DB Energy fund has declined 17% from Jun peak. Another globalenergy fund XLE has declined 16% from the same Jun peak. SG oil counters, RHP down 30% (impacted by global factors and unfairly by poor sentiment of another oil counter). Waiting for H1 results to bring some " justice" to RHP and possibly some goodies to shareholders and some analyst upward re-ratings. |
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LZLOmega
Senior |
02-Aug-2022 13:04
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But if another conflict occur, wouldnt it push the price of oil up like last time? | ||||
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stanip
Veteran |
02-Aug-2022 12:28
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China posturing on TW and EU delaying oil insurance ban... |
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LZLOmega
Senior |
02-Aug-2022 12:02
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Why is it dropping? | ||||
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ssw518
Elite |
01-Aug-2022 17:33
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EU manufacturing PMI drop below 50.....
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piscesmonkey
Supreme |
01-Aug-2022 16:26
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Oil suddenly drop hard. -2.3%
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TraderBen
Supreme |
01-Aug-2022 16:12
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no big boys in yet.. prob accumulating .. buying in at 0.2 to 0.22 is safe.. directors also subscribed at around this price. DYODD |
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LZLOmega
Senior |
01-Aug-2022 16:02
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Why is it dropping? | ||||
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stanip
Veteran |
26-Jul-2022 15:57
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RHP vs Rex price gap narrowing... Waiting for the H1 numbers for a RHP re-rating. |
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