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Oil demand
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cheongwee
Elite |
19-Dec-2008 21:30
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Are u sure u 1 to buy this at 2..when it come to that i think you will think again... I think u can buy at less than 2...i am still waiting to buy capland at 1.7...you laugh right?, now capland is 3.3...and u say no chance...wait u see...come 2009 .. Dont be too carry away ..this is just a bear rally..if it is any..
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Eddyson
Senior |
19-Dec-2008 21:25
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Getting impatience leh, why still above $2.Wait & wait, my bone is getting very stiff, cannot tahan the temptation leh. | ||||
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cheongwee
Elite |
19-Dec-2008 21:24
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Nobody can really know the bottom, but we can be sure the bottom is nowhere near for this crises....just ask thyself...is corproate America OK..all the financial crises all back to normal... There are more shoes to drop..for example AIG ,Citigroup..they are still hurt...come 1 quater we will know how deep they are in....This crises is more broad ..effecting all secter and almost all develop countries...we have never seen such crise like this one and I dont think it is over that fast...like i read they say ave recession is 16 months... Never before a crises of this magnitude we have seen in history other than 1929 effecting all financial in every shore, and it is still on going.. This one i dont think it is 16 month so simple.....i think by March 09 if we still cant see improvement then we will be in for a long one, at least 2 to 3 years.. |
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Livermore
Master |
19-Dec-2008 20:27
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If oil price were a stock at $40, I would buy a bit now first. In investment you weigh the risk entering at a price and if it is low risk, just buy some first. You cannot get the "best price" all the time. That really isn't how the "game" should be played. Let say oil price really goes to $30. $40 to $30 is very low risk. If one always waits for that "best price" sometimes you lose out on many opportunities. Look at the chart too.When a stock comes to a level which is low risk and fits my investment risk, I would buy some first and see the movement and ignore all this talk that market has not bottomed etc etc. Have you seen how some blue chip counters have turned around?
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AK_Francis
Supreme |
19-Dec-2008 12:28
Yells: "Happy go lucky, cheers." |
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Now, all Asian markets in red, except SHI, PSI n STI, perhaps those in red are not fond of window dressing loh. STI members now are in x'mas decoration mode, each member is joining the ride liao. Ha ha, piece of cake with merely few cts added, for SPC. PM may see profit taking. Cheers. |
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tchekchuan
Member |
19-Dec-2008 11:27
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oil prices tumbled, how come SPC still so strong? | ||||
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Farmer
Master |
19-Dec-2008 10:15
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I read the it will become worst before it gets better...so lets wait first. | ||||
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ozone2002
Supreme |
19-Dec-2008 10:12
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time to accumulate oil related stocks.. downside lose US 30+ ( price of crude) Upside >$140 (>4 times) ur guess is as good as mine.. |
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nickyng
Supreme |
19-Dec-2008 09:20
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hee...looks like rubbish prediction of CO price at US$30 getting more realistic liao !! :P also with OPEC to meet in Jan 2009..i think they will likely cut another 3m barrels per day...haha..wat a joke..the more they cut the more CO price drop !! hee...i thk OPEC or non-OPEC members are ignoring those cuts they pledged....wat a joke !! gd oso lah!! YEA !! how come our SPC petrol price din drop much?? few cents only abt per 2-3weeks cut niah ! :D
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jackjames
Elite |
19-Dec-2008 08:46
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ha ha ha.. Jim Roger, You are wrong again.....! You keep asking people to buy commodities.. look at it now... even now, you are launching Roger airline index, walau eh..... Who cares you buy oil last two weeks... Oil price now USD 36... We are waiting to get cheaper and cheaper and make sure you enter before it rebounds. If it did drop to USD 25, please make sure you BUY it before you regret it..... Cheers.... In other words, SPC to reach 1.00 is definitely POSSIBLE... but shit, i didn't see the budget airlinse fuel surchage drop.... for example, I fly to Taipei using jetstar , the fuel and tax is only SGD 100 for two ways, now SGD 300, why??????? the oil price drop to USD 36, compared to USD 60-70 level in year 2006 ! don't tell me your oil storage is using the past 3 months oil price , blar blar blar... |
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equator2010
Senior |
19-Dec-2008 07:49
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From Associated Press, Dec 19 (SG time): Stocks Slide, Oil Along for the Ride- AP Wall Street extended its losses Thursday, as a negative ratings outlook on financial and industrial powerhouse General Electric Co. shook an already fragile investor psyche and sent stocks tumbling. At the same time, energy stocks tumbled as oil prices plunged. Crude dropped below $37 a barrel Thursday on worries of a drastic pullback in energy spending, even after a record production cut from OPEC earlier this week. |
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AK_Francis
Supreme |
19-Dec-2008 02:49
Yells: "Happy go lucky, cheers." |
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CO future Jan 09 alrdy fixed prior to OPEC output cut. May see Feb future up, but with current market sentiment, not optimistic loh. Ha ha, may see good bargain after X'mas n before CNY. AK guess only liao. |
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lookcc
Master |
18-Dec-2008 21:58
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then there is chance of spc @1.70 n semb marine @1.00 | ||||
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Hulumas
Supreme |
18-Dec-2008 20:34
Yells: "INVEST but not TRADE please!" |
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I agree with you.
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AK_Francis
Supreme |
18-Dec-2008 17:18
Yells: "Happy go lucky, cheers." |
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Agreed, stomach hungry, still think of unity ah!!! Opec cash rich, after acc of wealth for decades. Others non Opec oil production countries suffering deficit every yr. And dun talk about building tallest building n garden city at oasis loh. Cheers.
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nickyng
Supreme |
18-Dec-2008 17:13
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well..OPEC cartel can cut all they wan...even 5m barrel per day...BUT as the financial turmoil hit hard on those OPEC and non-OPEC alike...u thk members will bother to stick to those amount they pledged to cut? haha...all will be pump oil and sell at watever mkt price people are buying...juz like mad rush when stocks are falling...just SHORT and sell!! hee...... :P then it will bring CO price even lower....may be US$30 ? hee...
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AK_Francis
Supreme |
18-Dec-2008 17:04
Yells: "Happy go lucky, cheers." |
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Ds burger alrdy issued FY profit warning lately. If CO shed below current px, it hoshei liao, if not its next record card may not be beautiful liao. Last CO future falls on Jan 09, around 42 USD. Perhaps,should any surge in CO price, guess not likely at this moment, it likely would fall in Feb 09. If that happens, then fuel px gonna be affected in Feb 09. Regulators here to ensure retailers cannot suka suka up the fuel px ones. Above no call for anything, just share AK thought loh. Vested a bit. |
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cheongwee
Elite |
18-Dec-2008 12:42
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Yes, oil will px will rise, if the dollar is weaken considerably...if ppl know your $ keep losing value, they will demand more to compensate...as oil is px in $. Why should i sell you and only to find out later that your $ is worth less..as your CB keep debasing it.
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AK_Francis
Supreme |
18-Dec-2008 11:55
Yells: "Happy go lucky, cheers." |
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Ha ha precisely what one of my the former COs told me now best buy is SPC, in the kopi tiam, may be after few glasses of beer loh. But I told him that not so as though the supply reduced, but the demand may not distinctly increase, esp for world bigest fuel consumer ie US n China now CO stock pile are increased. Opec members produces 29m brl a day. Now suggesting cutting 2.2m brl per day. This means that Opec is taking 4.2 million barrels a day off the market compared to September levels. The 4.2 million figure includes more than 500,000 barrels of over-production that Opec said in September it would eliminate and a formal cut of 1.5 million barrels a day that it agreed on last month. Overall reduction merely more or less symbolic liao. Opec supply 40% of world demand. Though the remaining non Opec members so far didn't react it strongly, exp Russia. Ha ha, our SPC 3 oil fields production, AK guess status quo.
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iPunter
Supreme |
18-Dec-2008 11:49
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Hahaha... great post...
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