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13661-13680 of 14032
The subsea business will eventually pay off. Ezra had positioned itself as a subsea player for sometime already, n spent substantially doing so. So far, this yet to show in the results and, in my view, will be sometime more before it pays dividends.
danger ( Date: 14-Apr-2015 08:45) Posted:
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The surge to continue
NAV of SGD $1.80 cannot be wrong. Next quarter results will be super good as subseas business started to pay off..
Time to hold and brace.
This one can.
schoolex ( Date: 13-Apr-2015 17:09) Posted:
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Watch ezra tmr, today close near resistance , if tmr cross 465, we may see it approach 52
COMING !!! ALL THE WAY FROM ROCK BOTTOM
CRUDE OIL CONTINUES THE SURGE
WTI CRUDE : $52.32
BRENT CRUDE : $ 58.50
short term :Support at 43, resistance at 46
next support at 40,resistance at 52
charliel3ong ( Date: 13-Apr-2015 11:39) Posted:
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anyone technical chartist can tell me whats the support and resistance from here? this counter has experience much price movement compared to its peers this morning. O& G counters are mostly up today, with Ezion, triyard breaking out.
EZRA' s TRIYARDS SURGING NON STOP
THE WORST IS OVER
ONCE IN A DECADE OPPORTUNITY TO LOAD EZRA CHEAP !!!!
VERY BULLISH CRUDE OIL
WTI CRUDE AT $52
BRENT CRUDE $58
Latest China Plan for Emergency Oil Will Hold 37 Days of Imports
10 Apr 2015 1:21:19 am
China is seeking to hoard crude supplies equivalent to about 37 days of imports in its latest plan to build emergency stockpiles amid a collapse in prices.
The nation is planning facilities with capacity to store 232 million barrels of crude in the third phase of its strategic petroleum reserve program, according to a deputy director at the National Development Reform and Commission?s energy research institute. The proposal is yet to receive government approval, Gao Shixian said in Shanghai on Friday.
The world?s second-biggest oil consumer stepped up purchases to fill its emergency supplies last year as benchmark prices plunged almost 50 percent amid a global supply glut. It currently holds reserves equivalent to about 30 days of imports, with the government seeking to boost that level to 100 days by 2020, according to state-run refiner China Petrochemical Corp.
The government has filled four sites that make up the first phase of its program with 91 million barrels of crude, the National Bureau of Statistics said on Nov. 20. China finished building the facilities, which have a capacity of about 103 million barrels, in 2009.
The second phase is designed to have capacity of 168 million barrels, Shixian said. China imported an average 6.19 million barrels a day of crude in 2014, customs data show.
Two of seven sites in the second phase were completed as of 2013, according to data from China National Petroleum Corp., the nation?s top energy producer. Four facilities with capacity of about 72.5 million barrels may come online this year, Barclays Plc said in a report last week.
The nation?s crude demand may be boosted by 140,000 to 170,000 barrels a day in 2015 and by as much as 190,000 barrels a day next year because of the need to fill strategic reserves, Barclays predicted.
10 Apr 2015 1:21:19 am
China is seeking to hoard crude supplies equivalent to about 37 days of imports in its latest plan to build emergency stockpiles amid a collapse in prices.
The nation is planning facilities with capacity to store 232 million barrels of crude in the third phase of its strategic petroleum reserve program, according to a deputy director at the National Development Reform and Commission?s energy research institute. The proposal is yet to receive government approval, Gao Shixian said in Shanghai on Friday.
The world?s second-biggest oil consumer stepped up purchases to fill its emergency supplies last year as benchmark prices plunged almost 50 percent amid a global supply glut. It currently holds reserves equivalent to about 30 days of imports, with the government seeking to boost that level to 100 days by 2020, according to state-run refiner China Petrochemical Corp.
The government has filled four sites that make up the first phase of its program with 91 million barrels of crude, the National Bureau of Statistics said on Nov. 20. China finished building the facilities, which have a capacity of about 103 million barrels, in 2009.
The second phase is designed to have capacity of 168 million barrels, Shixian said. China imported an average 6.19 million barrels a day of crude in 2014, customs data show.
Two of seven sites in the second phase were completed as of 2013, according to data from China National Petroleum Corp., the nation?s top energy producer. Four facilities with capacity of about 72.5 million barrels may come online this year, Barclays Plc said in a report last week.
The nation?s crude demand may be boosted by 140,000 to 170,000 barrels a day in 2015 and by as much as 190,000 barrels a day next year because of the need to fill strategic reserves, Barclays predicted.
risktaker ( Date: 11-Apr-2015 07:25) Posted:
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Both deep sea drilling and shallow water production will continue to co-exist.
jypt98 ( Date: 11-Apr-2015 04:12) Posted:
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Monday oil counter perform again....
true, but the cost of production from the subsea is high compared to onshore and shallow water production. doesn' t bode well for ezra' s long term prospects.
joshua182 ( Date: 10-Apr-2015 22:26) Posted:
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so much for the supply glut... " discovering" new oil doesn' t mean anything to the stock market my friend.
which is why, as of 20 mins ago, brent up 2% so far, crude up 1%!
jypt98 ( Date: 10-Apr-2015 18:20) Posted:
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There is some early sign of building a base at 0.435. Hope to see it break out of the 0.44 resistence next week.
Undoubtedly but also means they will need to invest in new rigs and subsequent maintenance services to extract the oil. The report also said "Compared with similar geology in the US and West Siberia, it estimates that 3% to 15% of the oil could be recovered."
jypt98 ( Date: 10-Apr-2015 18:20) Posted:
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