Err you can buy viet stocks directly now through local brokerage..

Boon's wood stock is not bad.. I am still trying to collect..

The 'heavy' wood stock... buy at your own risk hah...

PN 17, Debt Default, Every Q record loss, Almost negative NTA, Revenue almost nothing, Major shareholder already sell all...

You dare play ah?

This post has been edited by gark: Oct 1 2015, 10:00 AM

Problem with crude oil assets..

If the price of crude oil slide, they will have to impair all the crude which has not been pumped out (ie 2P, 3P reserves) ...(like Skpet)

If the charter rate slides, they will have to impair all their vessel cost (like what armada) ...

And its all about the lifting costs (the cost to actually pump the oil), if lifting cost is high, they will have negative cashflow

A good well should have lifting cost below $20, even then with the full cost (fixed, interest, depreciation etc) might not make profit at current price of $45.

Brent and WTI gap is closing steadily.

Just my 2 sen for oil stocks..

This post has been edited by gark: Oct 1 2015, 10:08 AM

You know how much is the lifting cost?

Brent IS crude oil..

It is just a different type of crude... which includes, WTI (west texas Intermediate, USA), Brent Oil (North sea), Oman Sour (Middle East), or Tapis crude (SEA)...

Tapis commands the highest margin because it is a sweet light oil, next Brent because of medium sweet oil and last will be WTI and Oman Sour ..

Current Brent to WTI spread is only $1.64 per barrel.. the lowest in 5 years..

http://ycharts.com/indicators/brent_wti_spread

This post has been edited by gark: Oct 1 2015, 10:19 AM

Full cost (include transport etc) or lifting cost? If it is full cost, then it is alright.

If it is lifting cost..

SKPet current lifting cost is $19 ...yet they very thin margin (for oil sales) in their P/L

This post has been edited by gark: Oct 1 2015, 10:16 AM

opps lowest in 5 years..

it actually went negative in certain years..

This post has been edited by gark: Oct 1 2015, 10:18 AM

Just read hibiscus detailed disclosures.. indeed their lifting cost is around $28-$31 ... due to mature field.

And Anansuria FPSO is commissioned in 1996.. means it's 19 years old already..

Just facts for thoughts.

My previous recommendation.. INCO .. now zoomed up to 2,4XX already...

Man.. I suck at short term trading..

Should have sticked to long term..

This post has been edited by gark: Oct 1 2015, 12:01 PM

No eye see .. already..

NSK Steamboat sponsored by Pink Spider .. and then onwards to karaoke..

This post has been edited by gark: Oct 1 2015, 12:58 PM

Macam jailbait je..

Geez nobody read my review one..

I recommend First Resources..

7076.. old love got some action today..

The buyback is strong in that one..

This post has been edited by gark: Oct 1 2015, 07:03 PM

Yesterday.. see no one reads..

Lol.. only got action today mah..

previously zzzzz all the way.

Hehehe no lar.. just joking around mah.

Errr.. its in KLSE lar..