KrisEnergy   

KrisEnergy

Financial result coming up this friday and hope it's good...Maybe and it's likely to shake-up more shares  before the release of the results... 

 

what happen ah?

 

CLSA initiate coverage with a BUY and a DCF-derived TP of $1.58, implying a 22% upside. CLSA see near-term upside to production from two key projects in the Gulf of Thailand. These assets could lift net production by more than 8,000 boepd of mainly liquids. House don?t expect full production from these projects until 2016/17, but there is upside risk to timelines. In addition, two exploration wells are being or are just about to be drilled in the large prospective resource of blocks 105 and 120 in Vietnam.

  Keppel Corp has bought three chunks of KrisEnergy since 2012 and is the most likely buyer of additional stakes as First Reserve might seek to exit. CLSA questions if KrisEnergy could morph to become the oil and gas division of Keppel Corp, with a possible whitewash resolution of the takeover and merger rules that typically require a general offer, Keppel could acquire more stock. The stock has edged higher since its IPO and is trading close to its current underlying NAV. Further upside will come from exploration success and the timing of new production.

 

6 black candles.

rebound in sight?

 

looks like i'm wrong.

spiralled down to 1.19

 

jumped from 1.215 to 1.24 before sliding to 1.23.

on track for spike this week for results?

 

Running out of energy again. 

 

I entered today & get stuck. Hope can move tomorrow.

 

KrisEnergy agreed with its joint venture partner to go ahead with the Nong Yao oil development in the G11/48 contract area in the Gulf of Thailand. First oil is anticipated to flow in 1H15. The group acquired a 25% working interest in G11/48, which covers 6,791 sq km in the southern Pattani Basin and northern Malay Basin in 2009.

 

 

BBs are taking profit after its surge from yesterday.

1.26 should be a key support.

  Let's watch and see.

 

taking profit.  very obvious.

 

this one is red.. what happen ? :)

 

Dumping again. 

 

Still active. Up 5c.

 

goodness this one pricing already at top range still cna climb...i just dont get it... some mor e oil exploration very unpredictable...sighhhh..... 

krisluke      ( Date: 19-Jul-2013 13:46) Posted: Shares of oil and gas explorer KrisEnergy, backed by Keppel Corp and private equity firm First Reserve, rose above the initial public offering price in their trading debut on the Singapore Exchange. The KrisEnergy stock advanced as much as 14.5% to $1.26 on Friday, versus its IPO price of $1.10, but gave up some of the gains to trade at S$1.165 at around 11 am . It was the top-traded stock by value in the Singapore market. The company sold 151.99 million shares and an additional 94.16 million shares to cornerstone investors, raising gross proceeds of $270.8 million. “It’s an oil exploration company. If they can strike oil then the share price will go up, but basically the nature of the business is highly risky,” said a trader. “The fact that Keppel Corp bought a stake in the company is kind of a vote of confidence, but the pricing was at the top of the range,” he added.

 

5 PM sharp...

KrisEnergy

M

Opening-1.160

1.315

+0.160c

+13.9%

Volume- 44,858,000

197,000

1.310

1.315

 

5pm...Closing soon..Kris super form. Closing $1.30c ++???.

 

Tua seow whaoooo...hoot kar $1.325 cent liao, then players profiting lehh?

 

Very fierce leh...