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Any mid-term potential for Tech Oil & Gas?
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mediacraze
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09-Nov-2007 22:45
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anyone can comment or advice about converting the warrant to shares at $0.50. worth to convert? |
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solar2000
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16-Oct-2007 04:20
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Rising oil price...looking for valued oil counters? Heres one " 11-Oct Oil & Gas Play with new contract : Technics Oil & Gas Kicks Off FY2008 on a High Note with New Client ? Norway-listed Leading FPSO Contractor, BW Offshore - Secures S$17.0 Million EPCC Contract for 2 Gas Compression Modules and 1 Gas Treatment & Processing Module - All three modules to be installed on BW Offshore?s debut FPSO for Petrobras America ? FPSO to be deployed in Gulf of Mexico, in Chinook Cascade ultra-deepwater oil fields - Additional option worth S$1.5 million for supplementary works and supplies of parts likely to be taken up later Technics Oil & Gas Limited (?Technics? or the Group) announced today that wholly owned subsidiary, Technics Offshore Engineering Pte Ltd, has sealed its first contract with BW Pioneer Ltd (c/o BW Offshore as an agent). Oslo Stock Exchange-listed BW Offshore builds, owns and operates oil and gas floating, production, storage and offloading (?FPSO?) vessels. It is one of the world?s leading FPSO contractors, backed by 25 years? experience and a track record of 12 successfully delivered FPSO projects and assets operating in Mexico, Nigeria, Mauritania, Malaysia and Russia. The main contract amounts to S$17.0 million and encompasses the overall design of the process engineering, detailed engineering and calculations, procurement of major equipment and fabrication /construction (i.e., ?EPCC Basis?), for two modules of gas compression systems and one unit of gas treatment and processing module. Each gas compression system will feature a premier 4,400 horsepower compressor by US manufacturer Ariel Inc., for which Technics has been qualified as an authorized packager since 2005, 4,400 horsepower electric motor, cooler, associated gas scrubbing and processing vessels, including PLC controls and instrumentation. When fully constructed, each gas compression module will tower over 15 metres in height and weigh over 300 tonnes. Technics also offered a separate option worth S$1.5 million for the provision of supplementary works and supplies of parts, which BW Offshore is likely to take up later. This contract is in conjunction with BW Offshore confirming its first contract with Petrobras America Inc. for the conversion, installation and operation of an FPSO at Chinook Cascade oil fields for up to 8 years, including option periods of up to 3 years. The two gas compression modules to be built by Technics will be installed onboard this landmark FPSO by BW Offshore for gas vapour recovery and gas export applications, with the gas treatment and processing module for gas dehydration application. |
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Gallen
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26-Sep-2007 20:35
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Watch this laggard along with the expected beneficiaries like Ausgroup, Hiap Seng and Rotary FY07 may not be that pretty but that is already discounted in the current price, expect strong earnings recovery in FY08 and stock to rerate upwards. A beneficiary of the strong outlook for Cosco Zhou Shan, a major shipyard in China being a repeat supplier. =DJ INTERVIEW: Singapore Aims To Move Further Up Petchem Chain (2007/09/26 16:46PM) -------------------------------------------------------------------------------- By Seng Li Peng Of DOW JONES NEWSWIRES SINGAPORE (Dow Jones)--Singapore is further sprucing up its infrastructure and will even expand Jurong Island to attract investors to continue growing its chemical manufacturing base, particularly for olefins, high-end petrochemicals and specialty chemicals as it aims to move away from low-end products. "We are trying to differentiate ourselves and move beyond competing with the Middle East and China. We want to compete with the more established countries like Japan and Germany, and ''the Houstons'' of the world," Julian Ho, executive director for energy, chemicals and engineering services at Singapore''s Economic Development Board, told Dow Jones Newswires in an interview. But why olefins? "We need to have a critical mass of these (olefins) for companies to add value downstream," Ho said. Olefins - made up predominantly of ethylene, followed by propylene, butadiene and a host of other carbon and hydrocarbon molecules - are the core feedstock required for plastics, textiles, coatings, paints and a string of products, be it at the low or high end of the chain. By 2011, Singapore''s olefins capacity will nearly double to 4 million metric tons a year from the current 2.1 million tons when Royal Dutch Shell PLC (RDSA) and Exxon Mobil Corp. (XOM) each start up new naphtha crackers in 2010 and 2011 respectively. The target is to raise the country''s total olefins capacity to 6 million to 8 million tons a year, but no timeframe has been set. The additional olefins can come from new crackers or from methanol-to-olefins conversion, said Ho. But Singapore is unlikely to have any MTO projects before 2011. "We envision that if there''s an MTO plant in Singapore, it will come after 2011 at the earliest," he said. Reinforcing Its Infrastructure To keep investors interested in Singapore, the government has already mapped out how else it can beef up its infrastructure besides building the Jurong Rock Cavern, a 1.47 million-cubic-meter underground storage facility to hold crude and oil products. Work is currently underway to upgrade Jurong Island''s checkpoints to ensure faster traffic flow, where departure lanes will be reversed into arrival lanes during the early morning peak hours. The upgrading is expected to end in mid-2008. Additionally, two new security towers would be built to enhance security checks. All in all, S$1 billion (around US$666.5 million) has been set aside to reinforce its infrastructure within five years. A separate amount of money will be allocated to expand Jurong Island to 3,200 hectares from 3,000 hectares currently through land reclamation, but an actual time frame has yet to be set. So far, its efforts have already borne fruit, with 20 more chemical and non-chemical projects waiting to come on line on the island, which is currently home to around 90 manufacturing plants. The upcoming projects, which will produce high-end petrochemical products using advanced technologies, include those of the U.K.''s Lucite International, Japan''s Mitsui Chemicals Inc. (4183.TO) and Shell. Lucite International will roll out is patented Alpha technology for the first time ever, after having developed it over the last 12 years. This technology will enable Lucite to use readily available feedstocks such as ethylene as opposed to the more expensive acetone. The process will be adopted at its US$150 million 120,000-ton-a-year methyl methacrylate plant slated to come on stream in the second quarter of next year. Methyl methacrylate is used in digital devices and liquid crystal displays, as well as plastic and coatings. According to Ho, besides infrastructure, protection of intellectual property is also a key reason Lucite decided to introduce its technology in Singapore rather than in China, where it already has a methyl methacrylate plant. For the same reasons, Shell is also implementing its Omega technology at its upcoming 750,000 ton-a-year monoethylene glycol plant in Singapore, scheduled for commercial operation in 2009-2010. The technology will allow Shell to achieve a higher monoethylene glycol yield compared with other methods. Applications of monoethylene glycol include coolants and packaging material production. Meanwhile, Mitsui Elastomers Singapore Pte. Ltd., a unit of Mitsui Chemicals, is doubling the capacity of its patented Tafmer alpha-olefin copolymer in Singapore by building a US$165.8 million 100,000 ton-a-year plant. Construction will begin in March next year, and the facility is expected to begin operating in August 2009. Mitsui''s Tafmer is a flexible and light resin modifier used to improve impact resistance for molding materials such as automobile bumpers. It can also be applied to the midsoles of athletic shoes. These are but a few of the high-end manufacturing projects on the list, and Singapore wants more ''first-of-its-kind'' or advanced technologies to be introduced into the country. -By Seng Li Peng, Dow Jones Newswires; 65-6415-4067; li-peng.seng@dowjones.com |
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moneymaking
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31-Jul-2007 22:05
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Dow up 107 points now. If the closing is positive, there will be more upside for this counter. |
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moneymaking
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31-Jul-2007 22:01
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This counter held firm even in the sea of red. Guess oil and marine related counter will continue to be in favour. I bought some last Friday and add some yesterday and today. Dow |
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lighthouse
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31-Jul-2007 20:34
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l ooks like volume increasing.....anyone any idea? |
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moneymaking
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28-Jul-2007 15:49
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Hi Folks This counter defied gravity. Still up on Friday. Anyone knows why ? |
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trymyluck
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05-Jul-2007 09:57
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sports12 hope ur still holding. finally the momentum has shifted to the positive dirn in short term as well. remember around 1.04 is the resistance. if it doesnt break that going up, it might get back to 90s. good luck everyone |
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johnwhite
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05-Jul-2007 09:50
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Good buy for TechOil. $0.93 last done. :) |
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ten4one
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04-Jul-2007 13:00
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Like it or not, oil price is going to go up! The longer you wait, the more you've to pay!! Cheers! |
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johnwhite
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04-Jul-2007 12:44
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'Outperform' call by Reuters with TARGET PRICE S$1.08 |
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ihatcoy
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27-Jun-2007 10:44
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Folks, busy with work. I'm out @ 0.865 yesterday. Will monitor closely to buy back when the timing is right. Decision is base on Technical chart. Never an inducement for any trade decision. |
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limbei
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26-Jun-2007 09:33
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wah..looks attractive... gotta...go buy a bit also..oil n gas doing very good oil - 1st, 2nd gas. [Oil & gas]. market about risk taking...so i take a little risk . |
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ihatcoy
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26-Jun-2007 08:53
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Very busy with work, hence unable to post details on this one. To summarise, I think fundamentally TOG is doing good in the fabrication of Topsides & Gas compressors business. Ausgroup & HiapSeng Engineering whch is in the same field have already run up. This one seem laggard. Others, feel free to contribute as i have not done indepth studies |
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sports12
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25-Jun-2007 18:03
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hi thanks for everyone's advice. i am not looking at contra play, as i intend to hold on to the shares until further contract announcement from Tech Oil & Gas. Just wanted to get some views and advice. |
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trymyluck
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25-Jun-2007 17:53
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hi sports12, didnt notice u mention 95 lots. u looking to play contra or for mid to long term? if contra play its entirely your call.one cannot predict if T&OG will rebound in short term since this week outlook for overall market seems week. i was recommending to hold for mid to long term. one should cut losses if counter falls below 85 . |
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ihatcoy
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25-Jun-2007 17:01
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Recently Edge covered Technic's Oil & Gas. Will put more details when more able. Had just added further 20lots@0.87 at fibonacci support level. I think it is still a good buy. However, do adopt strict $$ management. |
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trymyluck
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25-Jun-2007 15:30
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vested too at 0.895 cents. imho , i think it's been squeezed back by the BB so that they want to accumulate for some more time. i'm staying put for a while even with market correction, would recommend you to hold . i think support for this counter is 0.865 cents. the business it is in Gas compressors for EPCC should be on the upswing for nxt 1 - 2 yrs atleast. good luck |
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sports12
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25-Jun-2007 14:10
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Hi I am quite new to this forum. Any kind soul can advise whether Tech Oil & Gas will rebound? Vested 95 lots at 0.9 |
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