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SPC
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top11gm
Member |
05-Jan-2007 11:11
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Maybe he bought the call warrant,thats why he is bleeding. |
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jackjames
Elite |
05-Jan-2007 11:05
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alamak... how can this small price changes affect you so much.. aiyoo.. relax la.. you are holding a golden counter man.. just put it aside... if u think u want to go for other counters for more returns in a short time, then, cut loss ... easy mah.. |
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giantlow
Master |
05-Jan-2007 10:16
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if there are any terrorist reading this thread, pls listen if u realli must bomb some oil wells, pls choose the oil wells u wanna bomb carefully. dun bomb my SPC assets hor! i already bleed a lot of dough. pls pls |
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chipchip66
Master |
05-Jan-2007 10:09
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oil dropped below $57 a barrel i think. |
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giantlow
Master |
05-Jan-2007 10:04
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I am bleeding with this baby. What is happening with this counter man? |
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YongJiu
Veteran |
05-Jan-2007 09:01
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Singapore Petroleum Co. (SPC SP): The only oil refiner traded on the Singapore Exchange increased its stake in a Cambodian oil field to 33.3 percent from 30 percent, the company said in a statement. It paid $330,000 for the stake, with future production bonus payments of up to $830,000. Singapore Petroleum slid 2 cents, or 0.5 percent, to S$4.34. |
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Livermore
Master |
04-Jan-2007 23:31
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Yes, SPC sells jet fuel........ |
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Livermore
Master |
04-Jan-2007 23:19
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Oops sorry Hurrican Katrina was in 2005, not last year......... |
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Livermore
Master |
04-Jan-2007 23:16
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During Hurrican Katrina days which was last year, crude oil price shot up, but refining margins were good as reported by SPC. The oil product price went up about 1.5 - 2 times compared to the increase in crude oil price as reported in the papers. So generally an increase in crude oil price is good. Oil price was stabilising but there seems to be a slight decline. But actually the demand for oil for the world is an expected increase this year compared to last year. The wealth in China and India will see more consumers owning more cars. We can see China slowly manufacturing more cars. I did read a report once about India increasing its car manufacturing output as well in the future. We will have a better picture in 3 years time on how refining margins will be affected when most new refineries come online. |
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giantlow
Master |
04-Jan-2007 23:10
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what other complicating factors are u refering too? u do think some entity is delibrately pushing prices down so that they can scoop it up at low prices? SPC is also into aviation refuelling rite, since asia's tourism arrival rates are up, should have positive impact on SPC mah |
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Livermore
Master |
04-Jan-2007 23:05
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Actually when crude oil price goes up, oil product goes up more than the crude oil price. Gasoline price actually follow the price of crude oil. |
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elfinchilde
Elite |
04-Jan-2007 22:57
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hahaha...negative news...so you can sell first right? ...spoken like a true trader. haha. :P ok, will try to be a mole. :) erm. SPC is primarily an oil refinery company. not an oil discovery company. Which means they buy some oil for refining. So if crude prices go up, their profit margin will actually drop. but you won't see it moving proportionally or inversely proportionate 'cos of other complicating factors. |
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giantlow
Master |
04-Jan-2007 22:44
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ooh yes pls elf. any positive news, pls publish big big. negative news, pls tell me privately. hahaha jackjames i realise that SPC prices dun realli move in tandem with the oil prices. dun see SPC prices rising much when oil prices move from $56 to $63 a barrel leh |
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YongJiu
Veteran |
04-Jan-2007 22:26
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price drop is time to take in more =) |
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jackjames
Elite |
04-Jan-2007 21:21
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Oil price drop again to USD 58.14 a barrel.. seems like SPC is going down tomorrow again... Crude continues lower as weather, supply weigh PrintE-mailDisable live quotesRSSDigg itDel.icio.usBy Ciara Linnane, MarketWatch Last Update: 8:13 AM ET Jan 4, 2007 NEW YORK (MarketWatch) -- Crude-oil futures remained under pressure early Thursday, weighed down by warmer-than-average temperatures across the Eastern U.S. and expectations of higher petroleum product supplies when weekly data is released later today. Crude for February delivery was last trading down 18 cents at $58.14 a barrel in electronic trade. On Wednesday, the contract lost more than 4% of its value to close at its lowest level in nearly 18 months as traders returned from the holiday weekend and a day of mourning for former president Gerald Ford in bearish mood. The weather is still "the biggest negative" for the market, said Man Financial analyst Edward Meir. Figures from the National Weather Service on Wednesday suggested that demand for heating oil would be about a third lower than normal this week because of mild weather. "In fact, forecasters are calling for temperatures to get even milder, and there is now talk that we could climb into the 60's by this weekend in parts of the northeast," Meir said in a morning note. "All this should insure that heating oil and natural gas demand will continue to percolate at well below normal levels, thus alleviating the pressure on inventories, and most importantly, offsetting an undetermined amount of OPEC's cuts." The Energy Department and the American Petroleum Institute will update the market on the state of supplies at 10.30 a.m. Eastern in separate reports. Most analysts are expecting increases in product supplies while forecasts for crude inventories are mixed. Analysts at Wachovia Corp. are predicting a decline of 3 million barrels for crude supplies as of the week ended Dec. 29, and J.P. Morgan is expecting a drawdown of 5 million barrels. But Fimat USA's looking for stockpiles to expand by 1 million barrels, while Alaron Trading expects a big jump of 8 million barrels. Gasoline inventories likely rose by 2 million barrels, Wachovia said. Fimat sees a rise of 300,000 barrels, J.P. expects a 2.8 million-barrel increase and Alaron sees growth of 1.5 million. As for distillates, which include heating oil, they'll likely be up by 750,000 barrels, Wachovia said. Fimat expects an increase closer to 600,000 barrels, Alaron sees growth of 1 million and J.P. Morgan is looking for inventories to rise by 850,000 barrels. Gasoline futures were up 0.2 cents at $1.551 a gallon in early trade and heating oil was up 0.7 cent at $1.5946 a gallon. Natural gas rose 14.2 cents to $6.305 per million British thermal units. Ciara Linnane is markets editor for MarketWatch in New York. |
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elfinchilde
Elite |
04-Jan-2007 21:14
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keke, don't keep your hopes up. if i get any wind of news earlier, you wanna know? :) |
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giantlow
Master |
04-Jan-2007 21:02
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sigh... i heard they are releasing their results by the end of this mth. hopefully, it would be good news. |
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elfinchilde
Elite |
04-Jan-2007 20:33
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yep. it means people are perking up to sell. TA and FA both don't look good. |
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giantlow
Master |
04-Jan-2007 19:38
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volumes picking up slightly but price going down. not a good sign TA wise rite? |
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elfinchilde
Elite |
04-Jan-2007 14:50
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hm...jackjames, relax. can still go down a bit more...plus, vols are low. for whatever reason, it doesn't appear to be on the watchlist of the big boys, at least, not yet. |
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