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Crude back to $70 and will likely to remain sustained at $70 and beyond . At 0.14 it?s a steal. Mermaid will benefit from it. There will be more requirement for its services in south east Asia as quoted by Reuters . Exp cut contracts announcement soon which full contribute to this cash rich Company?s bottom line . Should see prices at 0.15-0.16 soon .
Yup.. hanging on tight.. haha..
Fundamental good but market is not playing it up but got sold down last week. Downside limited for now though
Looks interesting...
Yes and that is why we look for fundamentally and financially sound companies to invest in.and being reasonably priced is one of my considerations as well. :)
I second that. It shows from the chart comparison of crude/brent oil and those oil related counters. Not forgetting which companies should first benefit from the recovery follow by 2nd tier, 3 tier, so on.
zandlery ( Date: 30-Mar-2018 14:06) Posted:
Then I gonna let you know the structure of O&G companies from my prospective. I see that those companies start to show exhaustion only after few years when the oil price plunge. Because offshore project duration normally is 1 to few years. Just when the low oil price happen, most offshore companies still ongoing on their project. And profit might have credit of months.
Same I think goes to when oil price recover. Project takes a while to come and companies competing......
So my point is oil price might recover in few years but for companies to get back to good profitability takes another few years....
Must take that into consideration.
TraderBen ( Date: 29-Mar-2018 23:09) Posted:
| That is just the reason y we look for fundamentally stable companies. Of coz kepcorp and Sembcorp will be safe bets but I see mermaid one of the safer bets. Just like in 2013 to early 2016 Manufacturing stocks nobody even want to look at it.. maybe o&g will not recover this year. Eventually it will. Maybe 1 or 2 years . And that will be well within my hold period. :) |
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Then I gonna let you know the structure of O&G companies from my prospective. I see that those companies start to show exhaustion only after few years when the oil price plunge. Because offshore project duration normally is 1 to few years. Just when the low oil price happen, most offshore companies still ongoing on their project. And profit might have credit of months.
Same I think goes to when oil price recover. Project takes a while to come and companies competing......
So my point is oil price might recover in few years but for companies to get back to good profitability takes another few years....
Must take that into consideration.
TraderBen ( Date: 29-Mar-2018 23:09) Posted:
| That is just the reason y we look for fundamentally stable companies. Of coz kepcorp and Sembcorp will be safe bets but I see mermaid one of the safer bets. Just like in 2013 to early 2016 Manufacturing stocks nobody even want to look at it.. maybe o&g will not recover this year. Eventually it will. Maybe 1 or 2 years . And that will be well within my hold period. :) |
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That is just the reason y we look for fundamentally stable companies. Of coz kepcorp and Sembcorp will be safe bets but I see mermaid one of the safer bets. Just like in 2013 to early 2016 Manufacturing stocks nobody even want to look at it.. maybe o&g will not recover this year. Eventually it will. Maybe 1 or 2 years . And that will be well within my hold period. :)
I have your mentality before but O&G stock is not really advantage for investor to hold long hoping for oil market recover. Because those stock might not survive that long.
My work is O&G related and can feel that market still not looking good.
TraderBen ( Date: 29-Mar-2018 18:02) Posted:
Thanks for your advice. Anyway i dont trade daily and dont keep up with the market. thats y i am buying in what i considered reasonable entry price. buying in for the O& G recovery. which i really dont know when will that be.
Mandy1986 ( Date: 29-Mar-2018 17:08) Posted:
| Then can you explain why O & G is not performing instead of saying I am bearish? FH, has no intentions to shore up their portfolio at this time.. just a little bit of my sharing. Hope you take it in good light that I am trying to share so that we are not here losing cash to a already in-liquid SGX Market |
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Thanks for your advice. Anyway i dont trade daily and dont keep up with the market. thats y i am buying in what i considered reasonable entry price. buying in for the O& G recovery. which i really dont know when will that be.
Mandy1986 ( Date: 29-Mar-2018 17:08) Posted:
Then can you explain why O & G is not performing instead of saying I am bearish? FH, has no intentions to shore up their portfolio at this time.. just a little bit of my sharing. Hope you take it in good light that I am trying to share so that we are not here losing cash to a already in-liquid SGX Market.
TraderBen ( Date: 29-Mar-2018 16:53) Posted:
| seems like mandy very bearish on singapore O& G stocks.. |
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Please put a time frame, everything has a season, can be 1 year it turns back, can also be next week. Do not quote just to win when every time the shares move up a few cents and then drop again. This Counter will hit 0.132 . So what&rsquo s your prediction instead of just saying watch this space? Something Tangible..
WL123456 ( Date: 29-Mar-2018 16:37) Posted:
Ok I will remember what you say . Watch this space from now . I am sure I will quote you again . Stay tune .
Mandy1986 ( Date: 29-Mar-2018 16:35) Posted:
| Buy shares base on hope? Buy shares thinking shorist will chase the share up? No wonder all your predictions on ALL Counters comes to nothing. In Singapore, play shares need more than these wishy wishy luck, you need insider manipulation infor.. told you long ago These industry cannot touch despite oil price recovery |
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Then can you explain why O & G is not performing instead of saying I am bearish? FH, has no intentions to shore up their portfolio at this time.. just a little bit of my sharing. Hope you take it in good light that I am trying to share so that we are not here losing cash to a already in-liquid SGX Market.
TraderBen ( Date: 29-Mar-2018 16:53) Posted:
| seems like mandy very bearish on singapore O& G stocks.. |
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Indeed you have stupid logic, when someone opinion is not in favor of this industry does not mean one will short the market. This simple point, and you are already wrong. I trade accordingly and I trade up. Market sideway, I stay off the market. One has to look at the trend. US Shale Oil is trading favorably with China. Please consider this fact.
WL123456 ( Date: 29-Mar-2018 16:39) Posted:
Of course your find the logic stupid cause you short MM. But as long as fundamentals catch up , so wil the share price .
Mandy1986 ( Date: 29-Mar-2018 16:36) Posted:
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He is bearish on all sgx listed stocks . He short everyday .
TraderBen ( Date: 29-Mar-2018 16:53) Posted:
| seems like mandy very bearish on singapore O& G stocks.. |
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Really O&G got sold down with S-chips even market is bullish
seems like mandy very bearish on singapore O& G stocks..
Don?t forget , as the price move down more bargain long term hunters will move in to take advantage of the big price difference between its NAV of $0.324 and $0.141 now. Cash rich and undervalued , I don?t see how this counter is worser than most of the stock out there . I can hold and so can wait .
Of course your find the logic stupid cause you short MM. But as long as fundamentals catch up , so wil the share price .
Mandy1986 ( Date: 29-Mar-2018 16:36) Posted:
Really stupid logic.
WL123456 ( Date: 29-Mar-2018 14:30) Posted:
Oil on the rise again. Those vested in O and G will like it .
By Henning Gloystein (29/03/2018 1400)
SINGAPORE (Reuters) - Oil prices rose on Thursday as the producer cartel OPEC and other suppliers look set to continue withholding output for the rest of the year and potentially into 2019.
U.S. WTI crude futures (CLc1) were at $64.62 a barrel at 0354 GMT, up 24 cents, or 0.4 percent, from their previous settlement.
Brent crude futures (LCOc1) were at $69.81 per barrel, up 28 cents, or 0.4 percent.
The Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC) together with a group of non-OPEC producers led by Russia started cutting output in 2017 to rein in oversupply and prop up the market.
Brent, off which OPEC prices most its crude exports, has risen by around a quarter since then, which has lead to speculation that the restraints on production may be lifted.
But sources at OPEC told Reuters this week that the group and its allies were set to keep their deal on cutting production for the rest of 2018.
Despite this, Brent remained below $70 and WTI under $65 per barrel, weighed by rising crude inventories and production in the United States.
Commercial U.S. crude inventories rose by 1.6 million barrels in the last week to 429.95 million barrels, the Energy Information Administration (EIA) said on Wednesday.
U.S. crude oil production hit a record, at 10.43 million barrels per day (bpd) . That puts the United States ahead of top exporter Saudi Arabia. Only Russia pumps out more, at 11 million bpd.
In China, Shanghai crude oil futures (ISCc1) opened Thursday's morning session down nearly 2 percent, pushing the new market close to parity with U.S. prices.
The latest drop takes the fall since the contract's launch on Monday to 10 percent.
Despite high volatility this week and some remaining scepticism about Shanghai's trading hours as well as doubts about the process for physical delivery of crude under contract, most analysts expect the contract to establish itself as a third global oil price benchmark next to Brent and WTI.
Goldman Sachs (NYSE:GS) said in a note to clients that there was "finally, an exchange traded price for Chinese crude oil."
The U.S. bank said Shanghai's "start of trading was relatively successful (as)... it is the first onshore Chinese commodity contract that allows direct trading by foreign investors and is denominated in RMB (yuan), indirectly promoting the use of the Chinese currency."
Goldman said Shanghai crude futures represented 3 percent of combined WTI and Brent trading volumes since its launch on March 26.
Written By:
Reuters
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Ok I will remember what you say . Watch this space from now . I am sure I will quote you again . Stay tune .
Mandy1986 ( Date: 29-Mar-2018 16:35) Posted:
Buy shares base on hope? Buy shares thinking shorist will chase the share up? No wonder all your predictions on ALL Counters comes to nothing. In Singapore, play shares need more than these wishy wishy luck, you need insider manipulation infor.. told you long ago These industry cannot touch despite oil price recovery.
WL123456 ( Date: 29-Mar-2018 15:53) Posted:
| Shorters at work . Hopefully props can come in and catch them naked . Then they have to buy back and cover . These shorters take advantage of weak retail purchasing power . If our retail is strong enough , shorters will find no meat in MM. |
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Really stupid logic.
WL123456 ( Date: 29-Mar-2018 14:30) Posted:
Oil on the rise again. Those vested in O and G will like it .
By Henning Gloystein (29/03/2018 1400)
SINGAPORE (Reuters) - Oil prices rose on Thursday as the producer cartel OPEC and other suppliers look set to continue withholding output for the rest of the year and potentially into 2019.
U.S. WTI crude futures (CLc1) were at $64.62 a barrel at 0354 GMT, up 24 cents, or 0.4 percent, from their previous settlement.
Brent crude futures (LCOc1) were at $69.81 per barrel, up 28 cents, or 0.4 percent.
The Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC) together with a group of non-OPEC producers led by Russia started cutting output in 2017 to rein in oversupply and prop up the market.
Brent, off which OPEC prices most its crude exports, has risen by around a quarter since then, which has lead to speculation that the restraints on production may be lifted.
But sources at OPEC told Reuters this week that the group and its allies were set to keep their deal on cutting production for the rest of 2018.
Despite this, Brent remained below $70 and WTI under $65 per barrel, weighed by rising crude inventories and production in the United States.
Commercial U.S. crude inventories rose by 1.6 million barrels in the last week to 429.95 million barrels, the Energy Information Administration (EIA) said on Wednesday.
U.S. crude oil production hit a record, at 10.43 million barrels per day (bpd) . That puts the United States ahead of top exporter Saudi Arabia. Only Russia pumps out more, at 11 million bpd.
In China, Shanghai crude oil futures (ISCc1) opened Thursday's morning session down nearly 2 percent, pushing the new market close to parity with U.S. prices.
The latest drop takes the fall since the contract's launch on Monday to 10 percent.
Despite high volatility this week and some remaining scepticism about Shanghai's trading hours as well as doubts about the process for physical delivery of crude under contract, most analysts expect the contract to establish itself as a third global oil price benchmark next to Brent and WTI.
Goldman Sachs (NYSE:GS) said in a note to clients that there was "finally, an exchange traded price for Chinese crude oil."
The U.S. bank said Shanghai's "start of trading was relatively successful (as)... it is the first onshore Chinese commodity contract that allows direct trading by foreign investors and is denominated in RMB (yuan), indirectly promoting the use of the Chinese currency."
Goldman said Shanghai crude futures represented 3 percent of combined WTI and Brent trading volumes since its launch on March 26.
Written By:
Reuters
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