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SPC
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novena_33
Veteran |
22-Oct-2008 15:41
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PERTH (Reuters) - Oil fell by more than $3 to near its lowest in 16 months on Wednesday, dropping back below $70 on mounting worries that output cuts by OPEC will not be enough to offset slackening energy demand in leading consumers. http://www.reuters.com/article/hotStocksNews/idUSTRE49B3Y620081022 |
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des_khor
Supreme |
22-Oct-2008 14:00
Yells: "Tell me who is the God or MFT from this forum??" |
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Good news - Normal news Normal news - Bad news Bad news - Worst news Worst news - Hopeless news
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goondoo
Member |
22-Oct-2008 13:51
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actually spc used to be around 0.70 in the 1990s up till 2003. | ||||
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idesa168
Elite |
22-Oct-2008 13:48
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DJ Futures big drop. I got chance liao for kopi$$. | ||||
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Livermore
Master |
22-Oct-2008 12:06
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$2 impossible? Decide carefully
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idesa168
Elite |
22-Oct-2008 11:58
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Bro, I shorted lah! Dun seem to me that I can make kopi$$ today as it hover around the price I shorted this morning!
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nickyng
Supreme |
22-Oct-2008 11:55
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wow...today's stock mkt...especially oil and properties..and banking as well..hey! looks like almost all SECTORs affected by this SHORT-SELL-ALL-U-CAN mentality siah! :P | ||||
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leechongpeng
Senior |
22-Oct-2008 11:51
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In a bear market like this moment, bad news is the worst, I am expecting it to drop the next few days. | ||||
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hometutors.sg
Member |
22-Oct-2008 11:44
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The fall in profit is understandable given that oil price had fallen from $147 in July to $70 lately (ard 50%). And the fall is largely due to a huge write down in inventory. In July when the oil is at the peak it was trading at $6.50-$7. If oil starts to go up (which most likely will), SPC will have a revaluation gain. Just like last year when all the property firms have extraordinary good results due to revaluation gains. The OPEC is meeting this Fri to discuss a cut in supply. Can see some upsides after fri. |
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leechongpeng
Senior |
22-Oct-2008 11:33
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Some CEO make more than this. It clearly a problematic counter. I am vested at $3.02. Got to cut losses.
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wycklk
Member |
22-Oct-2008 11:25
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seems like a hopeless counter for the next 3 months ! So any shifu recommends cut loss or still hold ? | ||||
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des_khor
Supreme |
22-Oct-2008 11:21
Yells: "Tell me who is the God or MFT from this forum??" |
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Welcome to under 0.99 group !! | ||||
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leechongpeng
Senior |
22-Oct-2008 11:02
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Look like this counter will be dropping the next few days with such poor result. How can a company only make less than $1 million? | ||||
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AK_Francis
Supreme |
22-Oct-2008 10:36
Yells: "Happy go lucky, cheers." |
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yoh, brother , u long the burger at low siah?
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idesa168
Elite |
22-Oct-2008 10:20
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Does not look like I will have kopi$$ easy today on this fellow. Shall wait and see! | ||||
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leechongpeng
Senior |
22-Oct-2008 10:19
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Is $2.5 at good price to buy? | ||||
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iPunter
Supreme |
22-Oct-2008 09:55
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Imagine holding from the 9.00 high only recently till today @3.15... |
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ozone2002
Supreme |
22-Oct-2008 09:40
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i have been telling the forum abt SPC business..ever since it was @ $8..tat it was a sell call.. if u understand SPC business..it is a refiner..refiners are sub to feedstock costs unless they r integrated.. so SPC even tho they have exploration is damn small..they have to get their feedstock from other producers n refine it.. n the refining margins are subj to these feedstock costs.. higher the feedstock the less margin they earn.. |
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pointer
Senior |
22-Oct-2008 09:29
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Some people just say things which are not so possible. We call it cock-a-hoop. Anyway no point for us to find out the truth. |
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AK_Francis
Supreme |
22-Oct-2008 09:29
Yells: "Happy go lucky, cheers." |
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99% drop in profit, don't make sense leh. earning per barrel is proportional to CO price. Unless someone controled the refined oil price despite the hike in CO during the last qtr?????? Compare with oil consumers, SIA, SMRT etc, really konfused!!!!! Very disappointed with this burger. Last few days, investment houses call for Sell was not Fox Come liao. |
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