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SPC
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shplayer
Elite |
09-Jan-2007 17:52
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Was there a congestion at SJ at about 4.30 pm? Tried logging in but could not. Noticed that 240 lots were sold down @ 4.16 at 1528hrs. Think the manipulators are still at it. |
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nickyng
Supreme |
09-Jan-2007 16:48
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hmm....wonder if all the hoohaa of reduced margin for oil refineries a cartel action to push down SPC price so that big fish can scoop and collect low? hee... |
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sohguanh
Veteran |
09-Jan-2007 16:38
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Unless the rotten apples are rotten to the core, sometimes can slice away the rotten part and the remaining non-rotten flesh can still be eaten :) |
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iPunter
Supreme |
09-Jan-2007 16:32
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Sohguanh... Yes, that's what I mean... buying 600 lots of warrants is equivalent in essense to buying 600 lots of shares, even though there's protection agains devastating loss, as loss is limited to the 'rotton apples' you bought. . |
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sohguanh
Veteran |
09-Jan-2007 16:24
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Nope. For me only when the 600 lots of warrants is exercised will I call it 600 lots of shares :) |
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iPunter
Supreme |
09-Jan-2007 16:20
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Giantlow... Does 600 lots of warrants represent 6oo lots of underlying stock? |
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giantlow
Master |
09-Jan-2007 15:25
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Elf... how many lots did u buy? this is one of the few positive news that i recieve about SPC. hahaha |
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nickyng
Supreme |
09-Jan-2007 14:57
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looks like it is GRAND POST NEW-YEAR again :) |
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elfinchilde
Elite |
09-Jan-2007 14:51
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might be a bit premature, but kitty looks like it's bouncing. anyone dare to play? vested: 4.18. (pls note that i'm also ready to bail at first sign of trouble) billec, could i pls trouble you again to put up the usual vols, thanks yea. :) confirmation of depression will be if today's institution bought vol is twice inst sold. |
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shplayer
Elite |
09-Jan-2007 10:40
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Sorry for the silence guys/gals. Am out of town right now so internet access depends on availability where I am. Posted my FA on SPC a couple of days ago. My estimate is it will come in at about eps 59cts with divdent of 20cts tax exempt. Whilst this is not as good as FY2005 (eps 85cts div 32 cts TE), it is certainly comparable to FY 2004 and it will be the second or third best financial year in SPC's history. Prospective refining margins may be squeezed as more capacity comes on stream namely from India and China. A refinery in Vietnam is also in the works. Earnings may be improved with better margins when upstream fields begin to produce oil and gas....Oyang in mid 2007 and possible Jeruk in a couple of years time. The Vietnam field looks promising....but its still afew years down the road before any revenue in flow. Upstream business have good margins...existing Kakap field gives about 40% - 50% margin. Unfortunately, it contributes only about 10% of it bottomline. |
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nickyng
Supreme |
09-Jan-2007 10:33
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hmm...the funny thing is why SPC tracks Cruel Oil prices? i mean whatever Cruel price u buy u just pass the cost of refining to consumer right? if the demand for refined oil is there...Cruel price movements should not affect the margin of refinery if the refined oil demands are there correct ????? |
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YongJiu
Veteran |
09-Jan-2007 10:29
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Oil Is Little Changed After Falling on OPEC Doubts, Demand Drop 2007-01-09 By Gavin Evans Jan. 9 (Bloomberg) -- Crude oil was little changed in New York, trading below $58 a barrel for a third day, on skepticism OPEC can maintain prices amid falling heating demand in the U.S., the world's biggest oil consumer. A government report tomorrow will probably show U.S. stockpiles of distillates, including heating oil and diesel, rose for a fourth week as mild weather in the nation's Northeast lowered demand. OPEC production cuts the past two months are a third less than the 1.2 million target set in October, according to a Bloomberg News survey published yesterday. ``Demand has evaporated for heating oil,'' said Tom Hartmann, a commodity broker at Altavest Worldwide Trading Inc. in Mission Viejo, California. ``OPEC has a lot of work to do if it wants to support prices. At the end of the day, we may see that they don't have the ability to do so.'' Crude oil for February delivery was at $56.15 a barrel, up 6 cents, in after-hours electronic trading on the New York Mercantile Exchange at 7:38 a.m. in Singapore. Oil on Jan. 3 fell below $58 a barrel for the first time in seven weeks. The contract fell 22 cents, or 0.4 percent, to $56.09 a barrel yesterday, its third decline in four days. Oil fell to $55.59 on Jan. 4, the lowest close since June 2005. ``Intuitively, we were due for a bounce after falling nearly $8'' the past three weeks, Hartmann said. World oil demand peaks in the fourth quarter when refiners make heating fuel for the northern hemisphere winter. Weather in the U.S. Northeast, which accounts for about 80 percent of the country's heating oil demand, has been unusually mild, with New York City recording its third-warmest December temperatures on record. OPEC Output Output by the Organization of Petroleum Exporting Countries, which pumps about 40 percent of the world's oil, fell by 245,000 barrels a day last month, according to a Bloomberg survey of oil companies, producers and analysts. Daily production declined 550,000 barrels in November. ``The market is skeptical of OPEC cuts,'' Andy Lebow, a trader with Man Financial Inc. in New York, said yesterday. Oil reached a record $78.40 a barrel on July 17. Prices have fallen almost 9 percent since OPEC agreed on Dec. 14 to lower output by a further 500,000 barrels a day starting Feb. 1 to prevent a post-winter glut. OPEC will ``most likely'' wait until then before reviewing production again, spokesman Omar Farouk Ibrahim said yesterday. Calls for an extraordinary meeting before the next scheduled gathering in Vienna on March 15 are ``premature,'' he said. OPEC's output has fallen for five straight months and is down almost 1.3 million barrels a day since July, according to the Bloomberg survey. It pumped 28.62 million barrels a day last month, the lowest since May 2004. U.S. Imports, Inventories As prices fall further, OPEC's resolve to act as a group to bolster prices will increase, Tim Evans, an energy analyst at Citigroup Global Markets Inc. in New York, said yesterday. OPEC is ``willing to give up market share to get a higher price,'' he said. Still, those cuts are yet to show in U.S. oil imports. Shipments jumped to 10.1 million barrels a day in the week ended Dec. 29, a five-week high, the Energy Department said Jan. 4. The department's weekly inventory report tomorrow will probably show distillate stockpiles gained 2 million barrels last week, based on the median estimate from a Bloomberg survey of 10 analysts. Supplies held 135.6 million barrels on Dec. 29. Oil inventories probably fell by 500,000 barrels, from 319.7 million the week before. Gasoline stockpiles probably gained 2.6 million barrels, from 209.5 million on Dec. 29. |
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giantlow
Master |
09-Jan-2007 10:13
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i seriously dun wish for any trouble, if there must be trouble, i hope no human casulties are involved all i want is my portfolio to go up. Still too early to say whether the sunshine is coming out. maybe the big boys are taking a breather b4 continuing the attack. |
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jackjames
Elite |
09-Jan-2007 09:41
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sunshine come out ? |
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tanglinboy
Elite |
09-Jan-2007 09:40
Yells: "hello!" |
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Trouble for Europe means good news for you right? :) |
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giantlow
Master |
09-Jan-2007 08:49
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potential trouble in Europe
Russia-Belarus oil row hits supplies to Germany, Poland http://www.channelnewsasia.com/stories/afp_world_business/view/251312/1/.html |
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giantlow
Master |
09-Jan-2007 08:38
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iPunter... Original 600 lots, reduce it to 464 to cut some loss. Yesterday, watch "The Day After Tomorrow" again. Its a great show man, cheered me up a little. hahaha |
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maxsyn
Veteran |
09-Jan-2007 06:26
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cut loss unless you are confident it will rebound very sharply in a very short time. I will swap for a better position. |
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billlec
Member |
09-Jan-2007 00:00
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hello elf, there are now forecasts that colder weather is on the way and that could increase the demand for fuel oil., and the Russian official also said that Russia has been forced to stop delivering oil to Europe, are they going to affect the trend tomorrow? |
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KiLrOy
Master |
08-Jan-2007 23:59
Yells: "I buy only what I can see." |
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I will punt all the way until before expiry. I could end up less 2K or 2K more. Mebbie thats why I never like warrants - good gearing but with bloody expiry date. :) |
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