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Where is our 花 木 兰 ！ ：
Ah moh Hse coming Friday m last two week , they may be got insider news,
volume coming??
铁 木 真 ， monkey king also coming,
花 木 兰 从 军 ， she is back,
Good on you, seems like great minds think alike. Lol!
Ya now i no action only talk cos already vested on other O& G counters, dont want to spread myself too thin, need to store power, think the rainy weather will go gone for a while. At least will wait for this to stop bleeding first before considering...
alexmay34 ( Date: 12-Jun-2017 10:34) Posted:
i got money to invest, spare money, not money for milk powder, high risk high return, will oil price stay at 50 in the next 5 years, if yes I LL otherwise it maybe my big break, make semse?
Alvin2042 ( Date: 11-Jun-2017 16:46) Posted:
| People are writing negative comments n u still ask for entry pt |
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Wait for ezion move first , I prepare to scoup up , badly hit oversold like ezion
i got money to invest, spare money, not money for milk powder, high risk high return, will oil price stay at 50 in the next 5 years, if yes I LL otherwise it maybe my big break, make semse?
Alvin2042 ( Date: 11-Jun-2017 16:46) Posted:
People are writing negative comments n u still ask for entry pt?
alexmay34 ( Date: 11-Jun-2017 16:34) Posted:
| So what is a good entry price? Or no action talk onl |
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Did some calculation with my spreadsheet....... to be profitable, the company needs to pump 14,300 bopd at a selling price of US$48/barrel. Assuming production cost remains the same. Otherwise, the company needs to have a major oil find (say....Indonesia) or a privatization or take over for the price to move up. DYODD.
People are writing negative comments n u still ask for entry pt?
alexmay34 ( Date: 11-Jun-2017 16:34) Posted:
So what is a good entry price? Or no action talk only
kangaroo11 ( Date: 11-Jun-2017 02:22) Posted:
| Expect deeper loss to flare up in subsequent quarters once they reversed the $73.9m profit for their restructured bond paper gain!! |
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So what is a good entry price? Or no action talk only
kangaroo11 ( Date: 11-Jun-2017 02:22) Posted:
Expect deeper loss to flare up in subsequent quarters once they reversed the $73.9m profit for their restructured bond paper gain!!!
kangaroo11 ( Date: 11-Jun-2017 02:01) Posted:
| Additional point to add, despite the strong rebound of 124.6% in oil prices, the company continues to bleed heavily with similar losses of $18.2M vs last yr $18.3M, with very marginal reduction by only $100k. Unless the company can find ways to significantly cut cost, i think kris needs at least a $65-$70 oil price to balance its p&l |
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Expect deeper loss to flare up in subsequent quarters once they reversed the $73.9m profit for their restructured bond paper gain!!!
kangaroo11 ( Date: 11-Jun-2017 02:01) Posted:
Additional point to add, despite the strong rebound of 124.6% in oil prices, the company continues to bleed heavily with similar losses of $18.2M vs last yr $18.3M, with very marginal reduction by only $100k. Unless the company can find ways to significantly cut cost, i think kris needs at least a $65-$70 oil price to balance its p&l.
kangaroo11 ( Date: 10-Jun-2017 14:38) Posted:
I think the writings are already on the wall itself. Lower sales, lower oil production, lower revenue, profit due to bond paper gain of US$73.90M which will be reversed in subsequent quarters, netting off the bond paper gain, Kris is actually running losses of US$18.2M like all the other O& G& M companies.
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Additional point to add, despite the strong rebound of 124.6% in oil prices, the company continues to bleed heavily with similar losses of $18.2M vs last yr $18.3M, with very marginal reduction by only $100k. Unless the company can find ways to significantly cut cost, i think kris needs at least a $65-$70 oil price to balance its p&l.
kangaroo11 ( Date: 10-Jun-2017 14:38) Posted:
I think the writings are already on the wall itself. Lower sales, lower oil production, lower revenue, profit due to bond paper gain of US$73.90M which will be reversed in subsequent quarters, netting off the bond paper gain, Kris is actually running losses of US$18.2M like all the other O& G& M companies.
lglg666 ( Date: 09-Jun-2017 23:39) Posted:
| Is there something that retailers have no idea off....share price was sold off even with great results? Fishy? Movements of share price against all norms |
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Cambodia oil block ? Partner with deep pocket ? Any push from Cambodia to start development ? Money to develop ?
I think the writings are already on the wall itself. Lower sales, lower oil production, lower revenue, profit due to bond paper gain of US$73.90M which will be reversed in subsequent quarters, netting off the bond paper gain, Kris is actually running losses of
US$18.2M like all the other O& G& M companies.
lglg666 ( Date: 09-Jun-2017 23:39) Posted:
Is there something that retailers have no idea off....share price was sold off even with great results? Fishy? Movements of share price against all norms.
HB8289 ( Date: 09-Jun-2017 09:25) Posted:
Should Cheong
KrisEnergy swings to US$55.7m Q1 profit on lower costs and net fair value gain
12 May 2017
SINGAPORE - Upstream oil and gas firm KrisEnergy posted on Friday (May 12) a first-quarter net profit of US$55.7 million (S$78.4 million), reversing a net loss of US$18.3 million in the same period a year ago, after cutting costs and accounting for a fair value gain, which the company said would be reversed in subsequent quarters .
Revenue for the three months to end-March 2017 slipped 3.9 per cent to US$31.80 million. KirsEnergy said a 124.6 per cent jump in realised oil prices year-on-year shored up revenue despite a 28.4 per cent drop in working interest production, which averaged 13,610 barrels of oil equivalent per day (boepd) in the quarter compared with a group record of 19,014 boepd in year-ago period.
Lower sales resulted in reduced operating costs - US$12.4 million in the quarter versus US$19.2 million in the year-ago quarter - and a near halving in depreciation, depletion and amortisation charges to US$15.3 million following asset impairments recognised in 2016.
During the quarter, it recognised a non-cash net fair value gain on financial instruments of US$73.90 million relating to the exchange of its 2017 and 2018 notes to the longer dated 2022 and 2023 notes following a debt restructuring.
" This net fair value gain of US$73.9 million will be reversed in subsequent quarters, recognised as accretion of bond discount expense under finance costs, as we progress towards the maturity date of the 2022 notes and 2023 notes," KrisEnergy said.
Said Mr Jeffrey S. MacDonald, the company' s interim chief executive officer: " The significant rise in oil prices in the first quarter versus last year is a positive outcome but there remains considerable uncertainty as evident by the drop in Brent crude below the US$50 per barrel mark in the first week of May.
" As a company, we remain focused on reining in operating and general and administrative costs, increasing production of our existing producing assets, maximising efficiencies in our operations and undertaking the next phase of the restructuring process, which combines portfolio management with progressing our developments."
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Is there something that retailers have no idea off....share price was sold off even with great results? Fishy? Movements of share price against all norms.
HB8289 ( Date: 09-Jun-2017 09:25) Posted:
Should Cheong
KrisEnergy swings to US$55.7m Q1 profit on lower costs and net fair value gain
12 May 2017
SINGAPORE - Upstream oil and gas firm KrisEnergy posted on Friday (May 12) a first-quarter net profit of US$55.7 million (S$78.4 million), reversing a net loss of US$18.3 million in the same period a year ago, after cutting costs and accounting for a fair value gain, which the company said would be reversed in subsequent quarters .
Revenue for the three months to end-March 2017 slipped 3.9 per cent to US$31.80 million. KirsEnergy said a 124.6 per cent jump in realised oil prices year-on-year shored up revenue despite a 28.4 per cent drop in working interest production, which averaged 13,610 barrels of oil equivalent per day (boepd) in the quarter compared with a group record of 19,014 boepd in year-ago period.
Lower sales resulted in reduced operating costs - US$12.4 million in the quarter versus US$19.2 million in the year-ago quarter - and a near halving in depreciation, depletion and amortisation charges to US$15.3 million following asset impairments recognised in 2016.
During the quarter, it recognised a non-cash net fair value gain on financial instruments of US$73.90 million relating to the exchange of its 2017 and 2018 notes to the longer dated 2022 and 2023 notes following a debt restructuring.
" This net fair value gain of US$73.9 million will be reversed in subsequent quarters, recognised as accretion of bond discount expense under finance costs, as we progress towards the maturity date of the 2022 notes and 2023 notes," KrisEnergy said.
Said Mr Jeffrey S. MacDonald, the company' s interim chief executive officer: " The significant rise in oil prices in the first quarter versus last year is a positive outcome but there remains considerable uncertainty as evident by the drop in Brent crude below the US$50 per barrel mark in the first week of May.
" As a company, we remain focused on reining in operating and general and administrative costs, increasing production of our existing producing assets, maximising efficiencies in our operations and undertaking the next phase of the restructuring process, which combines portfolio management with progressing our developments."
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Ah moh hse short Liao, jialat
TERMASEK soon grab it under radar, they are expert of this so keppel make sure it will survive before sunshine day is coming,
Should Cheong
KrisEnergy swings to US$55.7m Q1 profit on lower costs and net fair value gain
12 May 2017
SINGAPORE - Upstream oil and gas firm KrisEnergy posted on Friday (May 12) a first-quarter net profit of US$55.7 million (S$78.4 million), reversing a net loss of US$18.3 million in the same period a year ago, after cutting costs and accounting for a fair value gain, which the company said would be reversed in subsequent quarters .
Revenue for the three months to end-March 2017 slipped 3.9 per cent to US$31.80 million. KirsEnergy said a 124.6 per cent jump in realised oil prices year-on-year shored up revenue despite a 28.4 per cent drop in working interest production, which averaged 13,610 barrels of oil equivalent per day (boepd) in the quarter compared with a group record of 19,014 boepd in year-ago period.
Lower sales resulted in reduced operating costs - US$12.4 million in the quarter versus US$19.2 million in the year-ago quarter - and a near halving in depreciation, depletion and amortisation charges to US$15.3 million following asset impairments recognised in 2016.
During the quarter, it recognised a non-cash net fair value gain on financial instruments of US$73.90 million relating to the exchange of its 2017 and 2018 notes to the longer dated 2022 and 2023 notes following a debt restructuring.
" This net fair value gain of US$73.9 million will be reversed in subsequent quarters, recognised as accretion of bond discount expense under finance costs, as we progress towards the maturity date of the 2022 notes and 2023 notes," KrisEnergy said.
Said Mr Jeffrey S. MacDonald, the company' s interim chief executive officer: " The significant rise in oil prices in the first quarter versus last year is a positive outcome but there remains considerable uncertainty as evident by the drop in Brent crude below the US$50 per barrel mark in the first week of May.
" As a company, we remain focused on reining in operating and general and administrative costs, increasing production of our existing producing assets, maximising efficiencies in our operations and undertaking the next phase of the restructuring process, which combines portfolio management with progressing our developments."
