The $60 coincide with the dot-com craze.. wonder who bought at that amount..

Impair he has no choice.. but sell at loss means he will admit he made a mistake.. his ego wont allow it...

With US average PE at 20.5 and US$ at multi year high.. I was thinking that the US market has reached saturation.. so might wanna dispose of all my SPY ETFs.. which I have collected from the past 7 years

Anyone wanna look into chart and tell me?

This post has been edited by gark: Oct 3 2015, 10:12 AM

emmm banks are not the best investment right now...

REITs are not the best investment right now too...

Follow ah Boon hints.. he posted lots what..

Buggers are good.. hehehehe

Nope.. tightening of loans, GST, high USD, stagnant property and poorer economy.. this leads to less consumption overall..

Banks gains most of their profit from loan, less consumption = less loan =...?

Look at No 1 on the list... 5 bagger..

Woo Ah boon can bring his lorry load of shares cash to the bank liao..

This post has been edited by gark: Oct 3 2015, 06:32 PM

When i bought my last property in 2006, i have to pay someone to queue overnight and almost all prime lots sold out on launch day..

So now not so hot....

Lol, never own that junk before...

TTB however...

But... same revenue doesnt mean same amount of goods sold.

A better comparison will be average profit generated per ton cpo in 2012 and then extrapolate to amount expected to be produced in 2016.

For me a conservative FV is around $2.30 to $2.40

This post has been edited by gark: Oct 3 2015, 10:10 PM

If you got buy... scan n post here lah..

Not to say dun wan buy... but indon no sell leh..

Ah Boon shooting me already leh..

1. The OSV and T&I income is going to get worse .. so expect to record more losses in rest of 2015 due to less OnG contracts. More and more vessles are going to be cold and warm stacked.

2. The existing FPSO is based on long term contract, so the payment is secure. If any company cancels the contract they have to pay up 100%. Only problem will be the company going into receivership. Just like Afren Nigeria for FPSO Perkasa, the company is in financial trouble, but the well and FPSO is up for auction, new taker will continue the contract. Based on Armada, they payment from Afren is still current.

3. 3 new projects will bring in future growth, they are secured at very good rates during price of oil at $100. There might be a long time before they get another one.

4. FV is highly dependent on OSV and T&I recovering means we need good oil price, we should see substantial vessel utilization rate (current 53%) increase significantly If oil is over $60 per barrel. I would say RM 1 is fair value for $50 oil and RM 1.30 for $60 oil.. and so on..

This post has been edited by gark: Oct 5 2015, 09:58 AM

Anyway.. good advice.. will TRY to follow more often..

Well I admit what you say is true mah..

But then hor .. hand itchy when see falling knife..

That is subject to a LOT of speculation... If SA just reduce 10% of their production tomorrow.. you may get the $60 oil immediately..

Good article for global oil production and consumption.. contrary to everyones thoughts, global oil consumption has not reduced significantly, it is still growing at a healthy rate, it is just that SA is pumping at records levels to depress the oil price.

http://seekingalpha.com/article/3547996-oi...e-are-we-headed

Ghawar field, SA largest production field is currently under secondary recovery, and if they continue to pump at record rates by opening the choke at full, they risk damaging the oil well forever and irreversible. There are indications there are water cuts already approaching near maximum in their production and these cuts if not reduce will destroy the field. It is estimated that at most SA can maintain their high production for only 1 year more, before they have to close the choke. Water cuts can be reduce if the fields are put to 'rest' or minimum production.

Counter argument is that a lot of US fields are now rated as DUC wells (Drilled and uncompleted wells - drilled during good times) which can raise production to flood the market if the price of oil is good. It is estimated only need 1-2 months to bring these DUC up to production.

This post has been edited by gark: Oct 5 2015, 11:07 AM

Read the attached article, Indonesia is NET importer petroleum products.

Also the government is trying to do "nationalization" of foreign oil production facilities..which has destroyed a LOT of confidence. Almost 100% work stop for exploration now.