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erh maybe yes.. but participation rate should be lower than it is now right? as in anyone above 18 can open a trading account these days.
Battle123 ( Date: 27-Mar-2018 10:54) Posted:
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If I remember correctly 15 years ago got online trading lol
Why so huh? as in shoudl have more retails because like 20 year ago there isnt any online trade..
NextEvolution ( Date: 27-Mar-2018 09:20) Posted:
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Another reason why oil prices will remain $70 and beyond .
OPEC Might Move Goalposts On Output Cut Deal
By Tsvetana Paraskova -
Delegates from OPEC and its non-OPEC allies discussed this week potentially changing the metric they use to measure the success of the production cut pact, with most proposals shifting the inventory goal further out in time, Bloomberg reports, citing delegates from the group.
At a meeting in Vienna on Monday, delegates discussed moving the goalposts by possibly adopting a different measure for the global oversupply than they are currently using. The OPEC/non-OPEC deal officially targets a reduction in commercial stocks in OECD countries down to their five-year average. The delegates did not reach any decision this week, and the final decision is in the hands of the energy ministers of the participating countries, who did not attend the Vienna meeting on Monday, Bloomberg reports.
But many of the proposals discussed included moving the average that would make OPEC and friends? goal harder to achieve. One proposal considered measuring the OECD commercial stocks against the five-year average?like it is now?but suggests taking out years of high inventories from the equation. Another proposal was to use the seven-year average as the primary metric. Yet another discussion was about using a period of more than seven years to measure the inventories in developed economies, according to delegates who spoke to Bloomberg.
Using the longer average period, or not counting the years of the worst glut would make achieving the new average more difficult and could require a longer period of cuts, Bloomberg noted.
OPEC?s de facto leader and largest producer Saudi Arabia has already suggested that they may move the goalposts, and is saying that it is doing whatever it takes to erase the glut, even at the risk of overtightening the market.
According to Bloomberg?s sources, OECD inventories dropped in February to around 44 million barrels above the five-year average, compared to a surplus of 293 million barrels in January 2017.
Earlier this week, OPEC Secretary General Mohammad Barkindo said that although the oil market has been improving, OPEC still has work to do to bring global oil inventories back to their five-year average.
If OPEC and allies do move the goalposts, they may have even more work to do to reach the new target.
OPEC Might Move Goalposts On Output Cut Deal
By Tsvetana Paraskova -
Delegates from OPEC and its non-OPEC allies discussed this week potentially changing the metric they use to measure the success of the production cut pact, with most proposals shifting the inventory goal further out in time, Bloomberg reports, citing delegates from the group.
At a meeting in Vienna on Monday, delegates discussed moving the goalposts by possibly adopting a different measure for the global oversupply than they are currently using. The OPEC/non-OPEC deal officially targets a reduction in commercial stocks in OECD countries down to their five-year average. The delegates did not reach any decision this week, and the final decision is in the hands of the energy ministers of the participating countries, who did not attend the Vienna meeting on Monday, Bloomberg reports.
But many of the proposals discussed included moving the average that would make OPEC and friends? goal harder to achieve. One proposal considered measuring the OECD commercial stocks against the five-year average?like it is now?but suggests taking out years of high inventories from the equation. Another proposal was to use the seven-year average as the primary metric. Yet another discussion was about using a period of more than seven years to measure the inventories in developed economies, according to delegates who spoke to Bloomberg.
Using the longer average period, or not counting the years of the worst glut would make achieving the new average more difficult and could require a longer period of cuts, Bloomberg noted.
OPEC?s de facto leader and largest producer Saudi Arabia has already suggested that they may move the goalposts, and is saying that it is doing whatever it takes to erase the glut, even at the risk of overtightening the market.
According to Bloomberg?s sources, OECD inventories dropped in February to around 44 million barrels above the five-year average, compared to a surplus of 293 million barrels in January 2017.
Earlier this week, OPEC Secretary General Mohammad Barkindo said that although the oil market has been improving, OPEC still has work to do to bring global oil inventories back to their five-year average.
If OPEC and allies do move the goalposts, they may have even more work to do to reach the new target.
In fact what you want is stability when it comes to investing . When powerful groupings like OPEC announced that supply cuts are working and that they plan to extend it further by making more cuts , this will provide stability in future oil prices . Most of the O and G counters are undervalued due partly to unstable oil prices . Now that OPEC has signalled further cuts and extension .
It?s ok because eventually price will catch up with fundamentals . Rising oil prices will improve O and G counters bottom line . Just need to be patient . Mermaid is a quality stick due to its strong net cash position and very little debt on hand . Dividend is to be expected this year due to better oil prices . All this will end up in favour of its share price . OPEC statement coming June will provide stability of oil prices between $70-$80 bbl. This is where it?s profitable for everyone .
The problem is SG stock market now have very low retail, syndicate and Market Makers participations. See the low volume spread all over the penny counters.
10 to 20 years ago it was not like that, with active price movements when US indices up so much
10 to 20 years ago it was not like that, with active price movements when US indices up so much
WL123456 ( Date: 27-Mar-2018 09:15) Posted:
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OPEC PLANS TO EXTEND OIL SUPPLY CUTS
27/3/2018
Saudi Arabian Energy Minister Khalid al-Falih believes that the Organization of Petroleum Exporting Countries (OPEC) will have to extend its deal with Russia and other oil producers to cut supplies until 2019 to reduce global oil inventories.
OPEC, Russia, and other non-OPEC oil producers struck a deal in January last year to cut 1.8 million barrels per day from the global market in order to end a world oversupply. The supply curb managed to boost oil prices to around $65 per barrel. In the coming June, the oil producers will meet to discuss further cooperation.
?We know for sure that we still have some time to go before we bring inventories down to the level we consider normal and we will identify that by mid-year when we meet in Vienna,? said Falih when he was interviewed in Washington recently.
He also stated that they will ?identify the mechanism? by which they will work next year, adding that it was still unclear how oil supplies would appear in 2019.
Previously, Falih said that OPEC would be better off to leave the oil market a trifle short of supplies instead of ending the supply curb agreement too early.
Meanwhile, he claimed that there is a general agreement among the oil producers about the extension of the deal. He said that further coordination does not mean that they will be imposing the same level of oil cuts.
?It just means that the mechanism has worked and they have committed to work within that mechanism for a much longer period,? Falih stated, adding that if they would have a new framework, it would ?require agility? and ?a willingness to do things differently in terms of what levels of production as the market dictates.?
As for the rapid growth in America?s oil output, Falih said that he didn?t consider the shale industry as a threat. He added that without shale supplies, global supplies would have been tight.
Saudi Aramco to Go Public
Recently, Saudi Arabia expressed its intention to turn Saudi Aramco, a national petroleum and gas company based in Dahran, into a public company listed on an international exchange.
If the initial public offering plan turns into reality, the company will have a total valuation of around $2 trillion, which will make it the world?s largest oil company by market capitalization.
Falih said that the IPO could still be pursued even if there were indications that it would be delayed until next year. Saudi Arabia has claimed that it was ready to launch the IPO ?at any time,? with the timing of the float relying on market conditions.
?We have prepared all documentation to be ready to do both domestic and international listings. We have not closed the door on 2018,? said Falih.
The minister said that Aramco could be floated either domestically or internationally, adding that they were weighing the potential legal risks of a listing in the United States.
Falih claimed that they have concerns about Aramco, which he described as ?too big and too valuable and too important.?
?We could be potentially at risk from some frivolous lawsuits and litigation that we have to consider in our final decision,? he said.
27/3/2018
Saudi Arabian Energy Minister Khalid al-Falih believes that the Organization of Petroleum Exporting Countries (OPEC) will have to extend its deal with Russia and other oil producers to cut supplies until 2019 to reduce global oil inventories.
OPEC, Russia, and other non-OPEC oil producers struck a deal in January last year to cut 1.8 million barrels per day from the global market in order to end a world oversupply. The supply curb managed to boost oil prices to around $65 per barrel. In the coming June, the oil producers will meet to discuss further cooperation.
?We know for sure that we still have some time to go before we bring inventories down to the level we consider normal and we will identify that by mid-year when we meet in Vienna,? said Falih when he was interviewed in Washington recently.
He also stated that they will ?identify the mechanism? by which they will work next year, adding that it was still unclear how oil supplies would appear in 2019.
Previously, Falih said that OPEC would be better off to leave the oil market a trifle short of supplies instead of ending the supply curb agreement too early.
Meanwhile, he claimed that there is a general agreement among the oil producers about the extension of the deal. He said that further coordination does not mean that they will be imposing the same level of oil cuts.
?It just means that the mechanism has worked and they have committed to work within that mechanism for a much longer period,? Falih stated, adding that if they would have a new framework, it would ?require agility? and ?a willingness to do things differently in terms of what levels of production as the market dictates.?
As for the rapid growth in America?s oil output, Falih said that he didn?t consider the shale industry as a threat. He added that without shale supplies, global supplies would have been tight.
Saudi Aramco to Go Public
Recently, Saudi Arabia expressed its intention to turn Saudi Aramco, a national petroleum and gas company based in Dahran, into a public company listed on an international exchange.
If the initial public offering plan turns into reality, the company will have a total valuation of around $2 trillion, which will make it the world?s largest oil company by market capitalization.
Falih said that the IPO could still be pursued even if there were indications that it would be delayed until next year. Saudi Arabia has claimed that it was ready to launch the IPO ?at any time,? with the timing of the float relying on market conditions.
?We have prepared all documentation to be ready to do both domestic and international listings. We have not closed the door on 2018,? said Falih.
The minister said that Aramco could be floated either domestically or internationally, adding that they were weighing the potential legal risks of a listing in the United States.
Falih claimed that they have concerns about Aramco, which he described as ?too big and too valuable and too important.?
?We could be potentially at risk from some frivolous lawsuits and litigation that we have to consider in our final decision,? he said.
Look set to move past $70bbl for oil today .
WTI crude just closed touched a 4 year high of $66.66. Looks like Brent should be heading towards $75 this week . Middle East Iran embargo + trumps weakening usd + OPEC controlling output + major airlines hedging for aviation oil = perfect uptick for oil prices . Good luck .
I buy at high 0.157
Bullish close for mermaid and some other o and g counters . Tml will be another fine day .
Cross the important 0.155 barrier .
infact ausgroup position to benefit from west australia' s O& G boom is perfect.. with only 140m debt and more than half are bonds. with over 50m in cash. and if revenue steadily comes in atAUD20m a year.. i dont see any issue with the debt. one thing is it is dirt cheap now..
Falcon and ausgroup has too much debt for my liking . Gss and mermaid are fine . Kim Heng too.
NextEvolution ( Date: 26-Mar-2018 15:13) Posted:
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Beside Mermaid Maritime.......
Kris Energy, Ausgroup, Falcon Energy, GSS Energy then we have the boys Keppel and Semcorp
Kris Energy, Ausgroup, Falcon Energy, GSS Energy then we have the boys Keppel and Semcorp
WL123456 ( Date: 26-Mar-2018 15:07) Posted:
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Mermaid maritime is operating in SE Asia and this bodes well for them . In fact , with rising oil prices , I see profits racking for O and G this year . Those who haven?t load up O and G may want to consider this opportunity now . Mermaid has the best fundamentals among all the O and G as it?s cash rich and very little short term debt while Long term debt is almost zero.
$70 Oil Could Spark An Offshore Oil Boom
By Tim Daiss - Mar 25, 2018, 2:00 PM CDT
Offshore
Geopolitical risk bearing down on global oil markets is increasingly taking hold and weighing on oil prices as Saudi Arabia and Iran jockey for influence and position in the Middle East. These concerns escalated just over a week ago when Saudi Arabia?s young Prince Mohammed bin Salman ramped up tough rhetoric over Iran, pledging to acquire nuclear weapons if indeed Iran develops them.
His muscular geopolitical approach in the Middle East and recent talks in Washington with President Trump, pledging to buy more U.S. military hardware, shows that Saudi foreign policy under his helm will be more aggressive, albeit with even more military punch ? all factors that spook oil markets and tend to drive prices upward.
In fact, oil prices have already seemingly found a floor with both global-benchmarks Brent crude and NYMEX-traded West Texas Intermediate (WTI) crude prices trading in a low to mid $60s range for an extended period of time. However, given renewed geopolitical risk, that trading average could easily trend upward into the low to mid-$70s range.
All of this of course is not lost on oil and gas exploration and production (E&P) companies, who pulled back their endeavors, particularly more cost intensive offshore drilling actives, during the 2014-2016 global oil price crash.
Now, it seems offshore drilling, at least in some parts of the world, could be poised for a healthy comeback, particularly in the waters of Southeast Asia.
Even as far back as late January, industry analyst Rystad Energy, said that an estimated 50 oil and gas fields in Southeast Asia, with a collective four billion barrels of oil equivalent (boe) resources, would likely be approved for development between 2018 and 2020.
Related: 44 Things You Didn?t Know About Oil
These fields will require US$28 billion worth of CAPEX from final investment decision (FID) to first production, the consultancy said. The US$28 billion is for greenfield opportunities available to 2020. However, many of these new fields are in later stages of earlier production, with the largest infrastructure already in place hence so-called brownfield projects.
Going long on Southeast Asia oil and gas
This trend could continue, at least according to oil services provider Baker Hughes GE (BHGE). Earlier this week a BHGE senior executive said that the company was on the hunt for smaller oil and gas projects in the Asia Pacific region to replicate a project in Papua New Guinea (PNG) where it is providing services and financing.
BHGE Asia-Pacific President Visal Leng said that his company sees signs of renewed interest in oil and gas projects in the region, driven by smaller firms. BHGE offers resource assessment through to drilling and production. A Reuters report said that BHGE wants to work with smaller companies looking to develop smaller fields and stranded resources in countries such as Indonesia, Philippines, Malaysia and Myanmar where there is also demand for natural gas to generate electricity.
?We?re cautiously optimistic on the (Asia-Pacific) region because projects are slowly coming back. We also see some smaller projects in size, not by NOCs (national oil companies) or IOCs (international oil companies), but by smaller operators,? Leng
According to Rystad Energy, FIDs over each of the next three years will be heavily natural gas weighted while gas makes up some 85 percent of the resources reaching FID over the full period. The largest in 2018 will come from Vietnam, with most of its share coming from the expected approval of the Block B project.
Additionally, most of the gas resources to be developed in Indonesia and Malaysia will be supplied to existing liquefied natural gas (LNG) plants. Brunei, Indonesia and Malaysia have long running LNG projects where new sources of supply will ensure that these projects maintain their long-terms contractual supply commitments. However, Indonesia?s situation is more problematic. The former OPEC-member is expected to run natural gas deficits as its economy grows and more of the fuel is used to meet domestic demand.
The Philippines also has natural gas resources and production, mostly in advanced stages of depletion, in the nearby South China Sea, which it calls the Philippine Sea, but to date several smaller domestic and international oil companies have been reluctant to continue E&P activates due to overlapping territorial claims between China and the Philippines.
No problem . Oil just hit a high of $79.34 on the ICE.
guiren ( Date: 24-Mar-2018 19:39) Posted:
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For kris , it?s net debt position is an issue . When the Cambodian field is in full operation and part of the concessions being sold to oil giants , and when the debt is being pared down once capex have been delivered , one should see prices moving up. Right now the best exposure to o and g is mermaid . Brent just surge past $70 and market now has it that shorters and hedgers will push it towards $75. It?s a trading buy call on mermaid now .
SgTrader17 ( Date: 24-Mar-2018 19:42) Posted:
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