Traders Kopitiam! V8
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 Oct 1 2015, 09:59 AM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia.... 
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QUOTE(ILoveLalat.net @ Oct 1 2015, 09:34 AM) RA is surely active today. Moreover, at 0.005 stock, good to play? 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 |
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Oct 1 2015, 10:01 AM
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Senior Member
4,093 posts Joined: Jul 2011
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QUOTE(Boon3 @ Oct 1 2015, 09:52 AM) On a more serious side... if just by reading papers only can make money from stock market, everyone will be millionaire... lol as a trader... I do NOT like ASSets. and the only ass I like is those behind the female gender... see sometimes assets is just assets... yeah the assets can be worth heck a lot... but if it doesn't generate any real returns (like money) I find these assets as useless.... unless of course... the assets are belonging to one who is dying to make a will to distribute them... and then there are SPACS.... comeon... they are literally paid to buy company.... and with it assets... and yes sometimes those assets might be worth a few sens more... but if it doesn't generate any money or if there is no intend to realize the monetary value of the assets... them assets are useless and dead in my eyes... but yeah... that's my poison... I do not expect anyone to agree with me la...... So how do I want to gauge a SPAC like bunga here? No matter what I WILL look at their earnings track record... look at their track record... how long they listed... what have they really done... HOW MUCH have they really earn.... (not forgetting while we wait.. these SPAC managers are paid in the millions...  )these are the stuff I would consider... and no... despite me being a trader.... I am one who does not go to a horse track... and simply bet on any horse.... but that's just me... and me poison la...   |
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Oct 1 2015, 10:04 AM
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Senior Member
4,093 posts Joined: Jul 2011
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Oct 1 2015, 10:06 AM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
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QUOTE(kueyteowlou @ Oct 1 2015, 08:06 AM) Hibiscus is a company that earn USD. Problem with crude oil assets.. Anasuria is generating 8k barrels per day. and it is producing brent oil not crude oil. you see lo. i also dont know  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 |
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Oct 1 2015, 10:07 AM
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Senior Member
4,093 posts Joined: Jul 2011
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you know how much anasuria generating per barrel each day ?
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Oct 1 2015, 10:09 AM
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Senior Member
4,093 posts Joined: Jul 2011
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anyway , flower is producing brent oil .... not crude oil ....
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Oct 1 2015, 10:09 AM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
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QUOTE(kueyteowlou @ Oct 1 2015, 10:07 AM) you know how much anasuria generating per barrel each day ? You know how much is the lifting cost?  |
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Oct 1 2015, 10:11 AM
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Senior Member
4,093 posts Joined: Jul 2011
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QUOTE(gark @ Oct 1 2015, 10:09 AM) You know how much is the lifting cost? including all the cost.. their brent oil is 30USD wor ..... |
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Oct 1 2015, 10:11 AM
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Senior Member
2,139 posts Joined: Nov 2007 
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QUOTE(kueyteowlou @ Oct 1 2015, 10:09 AM) anyway , flower is producing brent oil .... not crude oil .... brent oil is crude oil..... brent is the benchmark for north sea crude.....here in Malaysia, it is even better, it is tapis crude, few dollar premium to brent |
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Oct 1 2015, 10:12 AM
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Senior Member
4,093 posts Joined: Jul 2011
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QUOTE(backspace66 @ Oct 1 2015, 10:11 AM) brent oil is crude oil..... brent is the benchmark for north sea crude.....here in Malaysia, it is even better, it is tapis crude, few dollar premium to brent sorry typo should say crude oil WTI not crude oil Brent |
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Oct 1 2015, 10:12 AM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
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QUOTE(kueyteowlou @ Oct 1 2015, 10:09 AM) anyway , flower is producing brent oil .... not crude oil .... 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 |
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Oct 1 2015, 10:13 AM
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Senior Member
2,139 posts Joined: Nov 2007
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QUOTE(kueyteowlou @ Oct 1 2015, 10:11 AM) including all the cost.. their brent oil is 30USD wor ..... how do you get this value? i sincerely doubt this, even in malaysia, some mature field with artificial lift already has opex of more than usd 40/bbl ....and i saw hibiscus brochure , that they need gas lift which is one of the artificial lift system |
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Oct 1 2015, 10:16 AM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
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QUOTE(kueyteowlou @ Oct 1 2015, 10:11 AM) including all the cost.. their brent oil is 30USD wor ..... 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 |
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Oct 1 2015, 10:16 AM
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Senior Member
2,906 posts Joined: May 2015
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QUOTE(gark @ Oct 1 2015, 10:12 AM) Current Brent to WTI spread is only $1.64 per barrel.. the lowest in 20 years.. Ooh, I remember that the spread of Brent versus WTI was the narrowest since 2008? http://ycharts.com/indicators/brent_wti_spread  |
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Oct 1 2015, 10:18 AM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
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QUOTE(ILoveLalat.net @ Oct 1 2015, 10:16 AM) Ooh, I remember that the spread of Brent versus WTI was the narrowest since 2008? 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 |
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Oct 1 2015, 10:19 AM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(kueyteowlou @ Oct 1 2015, 10:01 AM) if just by reading papers only can make money from stock market, everyone will be millionaire... lol No need say until so sarcastic la... First you challenge charting skills... and you don't even put one up yourself...so challenge what? Then you bring out fundamentals... talk brent la... (hey, brent oil is uptrend or downtrend ah?) then you talk earn USD pulak.. then you pusing say goreng.... LOL! Master of 1Pusing! Now you want to shoot down reading of papers... LOL! Have you wonder that the very few that read and use own brain... are actually multi millionaires? Anyway remember my comments are always my poison la.... You can always IGNORE one. |
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Oct 1 2015, 10:21 AM
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Senior Member
2,081 posts Joined: Mar 2012
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QUOTE(kueyteowlou @ Oct 1 2015, 08:06 AM) Hibiscus is a company that earn USD. Waht do you mean producing Brent oil not crude oil?Anasuria is generating 8k barrels per day. and it is producing brent oil not crude oil. you see lo. i also dont know You know Brent oil is just a global pricing right, WTI is usually for US own domestic use? Edit: Oops. Just saw the reply this page  This post has been edited by TakoC: Oct 1 2015, 10:28 AM |
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Oct 1 2015, 10:26 AM
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Senior Member
2,906 posts Joined: May 2015
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QUOTE(kueyteowlou @ Oct 1 2015, 08:06 AM) Hibiscus is a company that earn USD. The end product of the crude oil is just crude oil but of course the pricing goes something like this:Anasuria is generating 8k barrels per day. and it is producing brent oil not crude oil. you see lo. i also dont know NYMEX/WTI Crude: Benchmarked on USA crude prices Dubai Crude: Benchmarked on Middle East price (but the price does not almost deviate from WTI) Brent Crude: Benchmarked on prices of the Northern region of the world. Also the global benchmark for oil Tocom Crude: Benchmarked on prices of oil in Japan Tapis Crude: The ones we used, but we still follow Brent. |
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Oct 1 2015, 10:30 AM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(backspace66 @ Oct 1 2015, 10:13 AM) how do you get this value? i sincerely doubt this, even in malaysia, some mature field with artificial lift already has opex of more than usd 40/bbl ....and i saw hibiscus brochure , that they need gas lift which is one of the artificial lift system it's a SPAC and I for one will not trust what they write...most important... is the end result that matters. The question is what have bunga done since listing as a SPAC in 2011? Their revenue is not even more than 15 million per year. and their trailing twelve months earnings is showing losses more than 70 million. Hence, as a company, I would not trust what they write in their purchase prospectus... if they have been failing all these years... I would expect them to continue to fail..... (yeah, I could be wrong using such an assumption) and oh... the goreng side.... LOL! as correctly stated TC_Titan earlier, there is major placement coming up. It's there... and we know from reading... it's a 25% placement... massive.... hence it's understandable, why some can be seduced and reckon that a goreng play might be ON in the near future.... it's normal... it's one of the theme that some traders use..... will it be profitable? my say? This is not my cuppa....  just my poison la.... |
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Oct 1 2015, 10:39 AM
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Senior Member
4,093 posts Joined: Jul 2011
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oh dear check the website ma ..
it left spac d lo ... lol which era u in la dailou boon ? lol |
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