Falcon Energy   

Falcon Energy

Same fate as the other bird counter eagle reit

 

Gone case

 

hello anybody home?

 

anyone still holding this?

 

still got chance or not? suspended for so many years alrdy..

 

Falcon provides the full spectrum of oil suport services to the oil majors. With the oil majors adapting and remodelling itself to turnaround and start marking good profits with the new oil price norm of ~$50, its likely we should see subsequent strong recovery in the downline food chain of oil support services companies.

 

" The Group has established a solid track record over the past 30 years. Its commitment to top quality operations, professional practices and safety standards has earned it a clientele base that includes some of the largest oil majors in the world such as Shell, ExxonMobil, Chevron, BP, PetroChina and TOTAL, as well as oilfield service companies such as McDermott, Halliburton and COSL."

The oil majors are falcon' s clientele base. 

(A clientele base is a company' s primary source of business/revenue/income. A clientele base could consists of the current customers paying for its products and services, as well as potential customers which have a high likelihood of becoming customers.)

 

does this help Falcon also ? :)

kangaroo11      ( Date: 05-May-2017 21:02) Posted: Profits are finally on the rise again for all the oil majors. Big Oil reported its best quarter in years, a sign that the industry is on the upswing even though oil prices have failed to rally much above $50 per barrel. The first quarter earnings reports from the oil majors are almost uniformly positive compared to a year ago and much better than even analysts had expected. Exxon shocked on the upside, beating estimates by a mile with earnings double the levels of 2016. Exxon?s big jump in cash flow allowed it to pay for capex and even cover its dividend, assuaging concerns about the durability of the ever-increasing shareholder payout. Chevron swung to a large profit of $2.7 billion in the first quarter, compared to a $725 million loss a year earlier. Total saw its quarterly profits jump by 56 percent. Total?s free cash flow that stands out ? at $1.7 billion in the first quarter of 2017, excluding asset sales and acquisitions, rose to essentially the same levels as in 2013 when oil traded at $100 per barrel. In other words, Total is back to pre-2014 financials despite oil trading at half the price. And the second quarter, so far, is looking good as well. Bloomberg estimates that Exxon is on track for a more than 130 percent increase in earnings per share in the second quarter compared to the same period a year earlier. Chevron too is slated to report its best second quarter since 2014. http://oilprice.com/Energy/Energy-General/French-Oil-Giant-Total-Earning-Like-its-201413963.html

 

Profits are finally on the rise again for all the oil majors. Big Oil reported its best quarter in years, a sign that the industry is on the upswing even though oil prices have failed to rally much above $50 per barrel. The first quarter earnings reports from the oil majors are almost uniformly positive compared to a year ago and much better than even analysts had expected. Exxon shocked on the upside, beating estimates by a mile with earnings double the levels of 2016. Exxon?s big jump in cash flow allowed it to pay for capex and even cover its dividend, assuaging concerns about the durability of the ever-increasing shareholder payout. Chevron swung to a large profit of $2.7 billion in the first quarter, compared to a $725 million loss a year earlier. Total saw its quarterly profits jump by 56 percent. Total?s free cash flow that stands out ? at $1.7 billion in the first quarter of 2017, excluding asset sales and acquisitions, rose to essentially the same levels as in 2013 when oil traded at $100 per barrel. In other words, Total is back to pre-2014 financials despite oil trading at half the price. And the second quarter, so far, is looking good as well. Bloomberg estimates that Exxon is on track for a more than 130 percent increase in earnings per share in the second quarter compared to the same period a year earlier. Chevron too is slated to report its best second quarter since 2014. http://oilprice.com/Energy/Energy-General/French-Oil-Giant-Total-Earning-Like-its-201413963.html

 

Shell's profit soars as oil sector rebounds. http://www.straitstimes.com/business/companies-markets/shells-profit-soars-as-oil-sector-rebounds

 

BP profits surge after rebound in oil prices. First-quarter results show energy sector is finally recovering from crude slump of 2014:
https://www.ft.com/content/3730f428-2f09-11e7-9555-23ef563ecf9a

 

Commodities are forecast to have a bumper year in 2017 with oil prices expected to rally to the mid $60s by the end of December, according to analysts at Citigroup. http://www.cnbc.com/2017/04/18/oil-prices-forecast-60-dollars-commodities-citi-analysts-crude-brent.html

 

UOB believes the worst likely over for the oil & gas sector http://www.straitstimes.com/business/banking/uobs-new-non-performing-loans-have-peaked-ceo

 

Nice! I like to buy when others are fearful, sell when others are greedy.

 

already akaliao more than 100 million from CHO and then distress sell the company?

 

Falcon wing is hurt, cant fly, falling from the sky 😨

 

hi guys any news on the Halt ?

 

Sigh..... cut loss early..

 

realllyyy...hope so....:)

sheerluck      ( Date: 05-Apr-2017 12:31) Posted: Trading halted.   Privatising?

 

Trading halted.   Privatising?