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SPC
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idesa168
Elite |
06-Jun-2008 21:35
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Yes, you can say that, I am bearish right now. SPC entered my target zone briefly (6.22 - 6.38), but rebounded immediately today. I am still bearish in the overall SPC price movement...infact might hit below $6.00 in the coming days (my view only).... Hence stayed sideline and waiting to pick up pieces later inorder to enjoy a bigger profit margin...
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lookcc
Master |
06-Jun-2008 21:35
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now 131 per barrel, yes eventually will slide BUT tis "eventually" can be mayb one to two years frm now.....2morrow dow close mayb negtv 3 digit.....appears tempting 2 put $$$ in spc..?????????? |
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AK_Francis
Supreme |
06-Jun-2008 19:49
Yells: "Happy go lucky, cheers." |
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ak view is that CO eventually will slide. | ||||||||||||
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Livermore
Master |
06-Jun-2008 19:42
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If US Fed raise rate, US$ go up, oil becomes more expensive, oil price come down and maybe SPC come down....... | ||||||||||||
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Livermore
Master |
06-Jun-2008 19:22
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Yeah, you can source for cheapest crude oil there | ||||||||||||
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jkbk007
Senior |
06-Jun-2008 17:48
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There is so much speculative talk that say refining margin has weaken as a result of increasing crude price. Here is the market price for 4th Jun
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jkbk007
Senior |
06-Jun-2008 17:41
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In the past exploration is not popular because of low crude oil price. Crude oil at USD20 oil is probably during the era of cheap oil where crude oil is perceived to be in abundance. We have past the era of cheap oil where there is increasing signs of major oil field depletion. Together with the increasing demand, CO has surge and thus the increase in E&P activities as the business becomes more rewarding. The world remains largely reliant on oil despite the surging oil price. I have not come across anyone I know who had made big changes to reduce his oil consumption. The 'pain' is there but it is very tough to change.Where is that breaking point that would result in a big collapse in consumption? Is USD200 the doomsday figure?
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Livermore
Master |
06-Jun-2008 16:26
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Look out for that warrant with exercise price of $6 | ||||||||||||
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Livermore
Master |
06-Jun-2008 15:54
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Prefer to wait first | ||||||||||||
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ozone2002
Supreme |
06-Jun-2008 15:24
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prob drop further... as vol too small to sustain rise.. | ||||||||||||
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Yokozuna
Member |
06-Jun-2008 15:00
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i wun eat them, but will sell them higher after they poked my backside yday.. haha..
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L.....
Veteran |
06-Jun-2008 14:49
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durian eat too much v heaty, will get sick.. hahahha neutralise by drinking some water la.. (not newater plse) |
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Yokozuna
Member |
06-Jun-2008 14:23
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ho say liao.. i din manage to get the biggest durian @ 6.36 but managed to get many smaller durians.. haha..
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L.....
Veteran |
06-Jun-2008 14:11
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durian already dropped at 6.3+ now can wait for ripen and can eat liao |
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cyjjerry85
Elite |
06-Jun-2008 14:10
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can probably find some resistance at $6.75 region | ||||||||||||
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Yokozuna
Member |
06-Jun-2008 13:59
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lew lian dropped liao boh? |
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Livermore
Master |
06-Jun-2008 13:01
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Oil refineries hardly make any money when crude oil is at US$20 and I think it is simply because there is not much of a price gap between a cheap crude and expensive crude | ||||||||||||
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AK_Francis
Supreme |
06-Jun-2008 11:21
Yells: "Happy go lucky, cheers." |
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if you buy CO to do refinery, the profit margin is not very great. however, if you yield you own CO, then is otherwise. currently this burger got small oil field at Indon and China. next aiming in vietnam, now is exploring, takes mths to confirm there is oil below 4150m????. | ||||||||||||
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ozone2002
Supreme |
06-Jun-2008 11:18
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accumulation in progress.. | ||||||||||||
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Livermore
Master |
06-Jun-2008 09:39
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Crude oil price always pull up oil product price with a time lag. Crude oil by itself is largely a useless product.When demand is X amount and stays the same and supply gets less every year, price will eventually go up. But demand is expected to be XX amount in the years ahead. In both ways price will still go up. | ||||||||||||
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