seriously?

mine blow wind...but what what i read is Middle east cost of their oil extraction is USD60.

The only problem Midddle east and Russian oil assume oil price is above USD100 to balance their budget from their oils sale revenue.

Oil is high speculation by ..which im no idea.

one to depress the oil so is look good for oil be cheap for every one.

Im not oil expert still scouting oilz news update.

Today is OPEC meeting at Vienna.

http://www.opec.org/opec_web/en/311.htm


After the meeting...they will give you the OIL out look...where you see Supply and Demand vairous country.

then u can decide when non OPEC member made noice and PUMP more oil....you can see the big impact of oil price.

like OPEC member dont want to reduce Supply...then either Non OPEC reduce the OIL supply or non OPEC drill more to sell more oil regards the price lower juz to get more profit to cover country budget.

Attach the link which we will some good outlook for 2015 OIl and GAS.

http://www.opec.org/opec_web/en/publications/340.htm

best you read all the year...

This post has been edited by felixmask: Nov 27 2014, 01:46 PM


Attached File(s)
 WOO_2014.pdf ( 4.06mb ) Number of downloads: 18

No action from OPEC. Oil down to USD70. Lots of blood in Malaysian O&G counters tomorrow.

thanks for input

in my radar... hevea, L&G, symlife all did report good profit.

well fitters and thong guan are not doing well

looking at it too since it's a big and stable company. might get it if below 2.80. what is your target price to buy?

This post has been edited by spring onion: Nov 28 2014, 02:44 AM

My comments were made on the overall market.

You could actually ask sifu gark for second opinion too.

I did look at Symlife.

I do not share your optimism.

If you look at one of the key indicator... sales revenue was down a fair bit (more than 50%) compared to same quarter previous year.
Property sales not so geng eh?

And because Symlife profits were boosted by that extraordinary one time gain (which most are already aware), profits were boosted by some 25 million.

Since there is the boost, we have to look at the core operating profits numbers and sad to say the numbers are disappointing.

Profit from operations this quarter was 1.88 million
Same quarter last year was 15.1 million.



L&G numbers look far more encouraging.

wow Armada

Anything with oil is getting absolutely hammered.

Opportunity is there.......................................... cos clearly 'some' (not all hor) of the prices are already being hammered to the extremes already.

But I would rather be patient.... and not attempt to be a hero by trying to aim for the bottom prices.

SKPETRO also same.

Woooo Hooo... oil drop 7% this morning.. now at USD 68 bbl..

I became hero already for Armada.. hahaha.. waiting to pick up some more.

This post has been edited by gark: Nov 28 2014, 09:52 AM

So did Armada get the contract?

LOL!!

You forgot that 4 letter word my friend.......

WAIT.




Wait to buy
Wait to sell.

Just realised that...

No thread/discussion on AEON Credit???

Yeah currently trading at PE 13x, quite attractive for a big cap.

Their fabrication and drilling works is backed by multi year contract and big order book (2 years), so it should not be affected by temporary fluctuation in oil price. Unless of course the oil price is kept low for next year or so...

For their oil production, their average cost un drilled is USD 14 per barrel, after adding cost etc might be in region of USD 40-50 per bbl. Still profitable but certainly having less overall profit.

Overall next Q profit is expected to be down 20-30% due to less margin for production.

2.80 is a good price, valuing it at about PE10-11x thereabout.

This post has been edited by gark: Nov 28 2014, 10:02 AM

No news... yet.

But if oil remains at such low prices, would they see their contracts revisions? (hehe... please educate me cos I am pretty much a blur here. )

Contracts if cancelled will have serious implications and penalty payments, unless agreed by both parties. However the flow of NEW contracts might be suspended temporary.. until which time oil recovers. If the oil price takes too long to recover and the existing contract expires or not renewed, then the company will be in trouble.

More or less if the oil price does not get back up to $90 within the next 12 months, then SKpet will be in trouble...

Added buy queue for both Skpet and Armada.

But not yet match...

This post has been edited by gark: Nov 28 2014, 10:15 AM

Not entered anything yet................ (and as you are aware, I was indeed a fan of this stock for its growth potential)

I drew the chart before... and previously (as suggested by others) there was a line drawn on the sand around 316.



If you minus today's terrible gap down...

you could actually see some volume build up as the stock tried to stage a recovery....a few days ago.
Oil prices kinda stabilized...
and SKPet prices stopped falling...
I even made a comment that perhaps buying then was a much better option than chasing the stock when it was falling.....
Yes, I observed some buying support for the stock too!

Then came yesterday.....
or rather today's gap down....

and you cannot stop wonder about those buyers.....
what if these bottom traders give up those positions they recently took?
Oil outlook just got worst...
or rather many people now suddenly a pro oil BEAR!
LOL!
Yes, a lot of writings are singing the death to oil......

whether they are right or wrong......
I dunno.....
but it looks more and more that this drama would last much longer.....

and judging from the chart...
the chances of a sharp rebound is getting slimmer and slimmer.......

also.... do I know the next level for SKPet from here?
ie what's after 280?
260?
240?
or would we even see 210?

no matter what.....
I like the WAIT option much better.

Perhaps you are right, but I have always been a knife catcher.

I am looking more at the 2008 graph of oil companies and oil price when it fell to $40.. it did not last, during the worst financial crisis ever, and not likely to last now.

At $60 a lot of oil companies rather not drill or cannot drill (due to money losing), based on supply and demand price will balance it self. $150 oil is crazy, so is $40 oil... considering how much $$ it needs to produce them.

This post has been edited by gark: Nov 28 2014, 10:35 AM