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JPMorgan Sees &lsquo Stratospheric&rsquo $380 Oil on Worst-Case Russian Cut
Finally some BB realised this is a goldpot and decide to put his money in.
回 头 是 岸 哈 哈 ...but before that let me fill more into safe first this lelong maoshanwang collection is getting behind schedule lah😊
May the harvest continue to come in next wk...ABIT later than normal Fridays but finally happy hr starting Liao...HV a wonderful wkend folks go easy on your energy usage ok if not oil px Chiong to 150 before winter how?
Cheers all🍻 take care
Cheers all🍻 take care
The partnership and potential future deals with VE should be worth a lot more.
Its definitely good news.
Good luck.
Its definitely good news.
Good luck.
doremifatso ( Date: 01-Jul-2022 15:55) Posted:
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Alamak european timezone oni oil already kena jiak up so much liao...慢 慢 来 ley
Not bad at least still got 2 batches tdy so far dunno next wk can get lower anot hmm.... 😒
They never say at what price did they sell the 10% stake. I hope they didn' t sell at a loss.
ETHunter ( Date: 01-Jul-2022 15:20) Posted:
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FYI. Rex lnternational. 😇 Ex-Date 29/09/2022. ☆ 》 😇 Pay Date 10/10/2022☆ 》 . SGD-0.005
ETHunter ( Date: 01-Jul-2022 14:58) Posted:
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Taking out 10% interest to partner a BIG boy could reap lots more over time.
Good good!
Good good!
Now is a good price to add more. Soon the news will spur Rex share prices.
Sharetrade8888 ( Date: 01-Jul-2022 15:07) Posted:
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Still got time slowly. Can see they just starting to get greedy step by step pick this maoshanwang still got next wk. I still remember those days they do scare mongering like now but we hv been to hell and back and found out its really not that scary after all and get rewarded for the courage and foresight. 😀
Still also remember my adventure with straits trading lol afew yrs later cashed out the pot of gold..imagine fighting with shorties using 100/200/300.. Shares makers and daily closings..gotta thank dbs for the coverage that gave the 3.50 exit px eventually😀
Still also remember my adventure with straits trading lol afew yrs later cashed out the pot of gold..imagine fighting with shorties using 100/200/300.. Shares makers and daily closings..gotta thank dbs for the coverage that gave the 3.50 exit px eventually😀
ahberngh ( Date: 01-Jul-2022 14:47) Posted:
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Burn the shortist...
ETHunter ( Date: 01-Jul-2022 14:58) Posted:
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OSLO, April 27 (Reuters) - Norway' s Vaar Energi (VAR.OL) raised its annual dividend and posted a sharp rise in first-quarter profit on Wednesday, aided by a surge in oil and gas prices following Russia' s invasion of Ukraine.
Vaar, majority owned by Italy Eni (ENI.MI), reported a pretax profit of $1.65 billion for the January-March quarter, up from $1.12 billion a year earlier.
The company said under current market conditions, it plans to pay a dividend of $1 billion for 2022, up from $800 million planned earlier.
The current commodity price environment reflects the significant uncertainties created by Russia' s invasion of Ukraine in February, Chief Executive Officer Torger Roed said in a statement. The war comes on top of already tight energy markets as global demand recovers from the COVID-19 pandemic. Cash flow from operations rose by 135% year-on-year in the first quarter to an exceptional $2.2 billion, Vaar said.
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REX caught a big fish..
ETHunter ( Date: 01-Jul-2022 14:40) Posted:
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Well said, have been adding some at 27 and 26.5.
In the q now at 26.
Adding only small lots, bulk of my holding bought more than 2 years ago.
In the q now at 26.
Adding only small lots, bulk of my holding bought more than 2 years ago.
Sharetrade8888 ( Date: 01-Jul-2022 14:38) Posted:
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Despite the recession and demand destruction fear we cannot deny the fact that oil supply problem is a structural issue it wont be solved in afew mths or perhaps not at all due to the esg dream...my take is triple digit avg annually for next yr at least. Dyodd
SINGAPORE, 1 July 2022 &ndash
Rex International Holding Limited (Rex International Holding, Rex or
the Company, and together with its subsidiaries, the Group), a technology-driven oil company,
wishes to announce that its 91.65 per cent subsidiary Lime Petroleum AS (Lime) has on 30 June
2022, signed an agreement with Vå r Energi to farm down by 10 per cent, Lime&rsquo s 40 per cent interests
in licences PL820 S and PL 820 SB in the North Sea.
Lime had on 14 April 2022, signed an agreement to acquire MOL Norge AS 40 per cent interests in
the said licences. The transfers of the interests are pending regulatory approval and corporate
approval from Vå r Energi, and will be announced upon completion. Lime will hold 30 per cent
interests in the two licences when the transfers of interests are completed.
Mr Lars Hü bert, Chief Executive Officer of Lime, said, Lime welcomes Vå r Energi into the two licences,
which contain the Iving and Evra discoveries. These two discoveries lie in a prolific part of the North
Sea, with world-class producing assets nearby, as well as other recent discoveries.
We look forward to working synergistically with Vå r Energi, drawing on their vast experience in the area. Lime will work with its partners to mature the Iving and Evra discoveries as well as the other prospects within the
licences, hopefully resulting in further drilling within the licences in the next 18 to 24 months. The
farm-down is part of our strategy to have balanced holdings in our portfolio of assets.
The PL820 S and PL820 SB licences with the Iving and Evra discoveries, lie on the Utsira High area
adjacent to the giant Vå r Energi-operated Balder field, and just north of PL818 Orkja and PL867
Gjegnalunden, in which Lime has 30 per cent and 20 per cent interests respectively.
Rex International Holding Limited (Rex International Holding, Rex or
the Company, and together with its subsidiaries, the Group), a technology-driven oil company,
wishes to announce that its 91.65 per cent subsidiary Lime Petroleum AS (Lime) has on 30 June
2022, signed an agreement with Vå r Energi to farm down by 10 per cent, Lime&rsquo s 40 per cent interests
in licences PL820 S and PL 820 SB in the North Sea.
Lime had on 14 April 2022, signed an agreement to acquire MOL Norge AS 40 per cent interests in
the said licences. The transfers of the interests are pending regulatory approval and corporate
approval from Vå r Energi, and will be announced upon completion. Lime will hold 30 per cent
interests in the two licences when the transfers of interests are completed.
Mr Lars Hü bert, Chief Executive Officer of Lime, said, Lime welcomes Vå r Energi into the two licences,
which contain the Iving and Evra discoveries. These two discoveries lie in a prolific part of the North
Sea, with world-class producing assets nearby, as well as other recent discoveries.
We look forward to working synergistically with Vå r Energi, drawing on their vast experience in the area. Lime will work with its partners to mature the Iving and Evra discoveries as well as the other prospects within the
licences, hopefully resulting in further drilling within the licences in the next 18 to 24 months. The
farm-down is part of our strategy to have balanced holdings in our portfolio of assets.
The PL820 S and PL820 SB licences with the Iving and Evra discoveries, lie on the Utsira High area
adjacent to the giant Vå r Energi-operated Balder field, and just north of PL818 Orkja and PL867
Gjegnalunden, in which Lime has 30 per cent and 20 per cent interests respectively.
Like what u just said waiting to take profit thats exactly what businesses do too. Whats wrong with mgtmt rebalancing portfolio tio bo. The mkt condition now is also doing rebalancing some funds will switch in and out of their portfolio allocations vice versa but as an investor we also hv our own to manage. Be greedy when others are fearful. If they are buying time trying hard to roll px down we do step by step picking and buy more when px is lower. We get paid to wait, shorties pay to buy our time ultimate they hv to cover back the scripts they borrowed. Lets all wait and see who wins in the end. Dyodd😀
No worries as long as Brent is above 100.
petson ( Date: 01-Jul-2022 14:22) Posted:
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