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SPC
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KiLrOy
Master |
26-Jun-2007 13:59
Yells: "I buy only what I can see." |
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So long as have positions in the market, there will also be an element of risk. The longer you hold your position, the higher risk you are exposed. With good money management, one can reduced the risk exposed. |
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Manikamaniko
Senior |
26-Jun-2007 13:42
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Actually... |
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vivacious
Member |
26-Jun-2007 13:33
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5.55 now. BUY AND LOAD UP before it trends up again. |
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Manikamaniko
Senior |
22-Jun-2007 20:50
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Why should anyone be 'amazed' at any happening? |
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jkbk007
Senior |
22-Jun-2007 20:48
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Many of us are amazed at the current bullish trend. Here is a report from an analyst who share his perspective on this. BIG PICTURE
Taking into account the course of action chosen by the various central-banks, I am convinced that the various currencies will continue to depreciate in value against assets. In other words, I expect that the stealth confiscation of savings will continue through inflation. For sure, they may be temporary setbacks or corrections in asset-prices but the major trend is up. Before you disagree with my assessment, take into account the fact that despite an average economic backdrop (sky-high deficits and debt-levels in the developed nations), over the past 4 years, all assets appreciated at the same time! Despite rising interest-rates and geo-political tensions, even property and bond prices managed to stay strong together with equities, commodities and collectibles.
At the beginning of this decade, if I had told you that 7 years later crude oil would be trading above $60 per barrel, gold would be close to $700 per ounce, food prices would be at multi-year highs and the Dow Jones would be trading around 13,500, you would have pronounced me crazy! However, this is exactly what has happened and there is nothing in the works to suggest that this major trend is about to change in the near future. In other words, I anticipate that barring short or medium-term corrections, asset-prices will continue to trend higher in nominal terms UNLESS the central-banks change their expansionary monetary policies and decide to rapidly raise interest-rates. In all likelihood, this scenario may not unfold for a few more years and until such time, investors should be able to protect their savings through the returns generated from the capital markets. |
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Pinnacle
Master |
22-Jun-2007 16:25
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Moving up again but barrier at $5.85. Need some push factors to break that. |
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idesa168
Elite |
22-Jun-2007 15:58
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As mentioned, the gap at $5.60-$5.65 needs to be closed before SPC can move forward. OK, now it is closed. We shall see price going forward now. $6.00 is very near now. |
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onefour02
Senior |
21-Jun-2007 18:39
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nearing last 10mins big lots selldown @ 5.70, 5.65, 5.600 |
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mirage
Veteran |
21-Jun-2007 14:06
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QUOTES: Australia's Santos Ltd, the operator of the Oyong oil field off Indonesia, has told Singapore Petroleum Co Ltd (SPC), which has a stake in the field, that production of the first oil from Oyong has been postponed, SPC said. "This is mainly due to delays in the procurement of equipment in the current tight engineering, procurement, and construction services market," SPC said in a written statement. The first oil was originally due to begin flowing from Oyong late this month. SPC has a stake of 40 pct in the field, held through unit Singapore Petroleum Sampang Ltd. SPC also said drilling was set to start at the site of the Pancing-1X well off Indonesia, which is part of the Kakap production sharing contract. SPC, through its unit, has a stake of 15 pct in the project. "The well is anticipated to reach a true vertical depth of 3,962 meters subsea, and is expected to take approximately 43 days to drill," the company said. |
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chinkiasu
Master |
21-Jun-2007 14:01
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dear Fairygal, Herr Eastonbay... yes folks, just back... you know what.. this time I got to see Mt Kilimanjaro.. my dear fraulein Fairygal... i assume you had a wonderful time with your family... how's the sound of music in the hills..? took pics? |
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Pinnacle
Master |
21-Jun-2007 13:59
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First oil production at Indonesia's Oyong field - in which Singapore Petroleum Company (SPC) has a 40% stake - has been further delayed to 3Q, the field's Australian operator Santos announced yesterday. SPC has not been officially informed of the glitch, although sources said they had been earlier alerted to some possible delays due to contracting problems with the FPSO (floating production, storage, offloading) vessel. |
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Fairygal
Veteran |
21-Jun-2007 12:25
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cks, Africa again? Something to do with emerging markets huh? |
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EastonBay
Master |
21-Jun-2007 12:00
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cks: you are back, from Africa? |
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chinkiasu
Master |
21-Jun-2007 10:46
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if it really should go down, than it is time for me to pick up more stocks.... pah si4 boh3 cao4... |
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onefour02
Senior |
21-Jun-2007 06:53
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OIL down. DOW down. SPC down! |
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KiLrOy
Master |
21-Jun-2007 01:01
Yells: "I buy only what I can see." |
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Oil slumps nearly $2 on U.S. stockpile surprise
By Santosh Menon LONDON (Reuters) - Oil fell nearly $2 a barrel on Wednesday after a U.S. government report showed larger-than-expected increases in crude and gasoline stockpiles in the world's biggest consumer. The U.S. Energy Information Administration said crude stocks rose by 6.9 million barrels last week, well over the 100,000 barrels forecast by analysts. Gasoline stocks were up 1.8 million barrels, almost double the market forecast. "The completely unexpected build in crude stocks is the surprise of the day. And it is very bearish," said Tim Evans, analyst at Citigroup Global Markets. Brent <LCOc1> crude was down $1.76 at $70.10 by 1537 GMT. It has rallied to a 10-month high of $72.25 on Monday on worries of disruption of supplies from Nigeria, the world's eighth biggest exporter. U.S. crude was down $1.46 at $67.64. Oil was down earlier after a general strike in Nigeria had yet to affect oil shipments from Africa's top exporter, although fears arose later the strike could soon start to bite. Unions spared oil production and exports on the first day of the indefinite strike, but threatened to withdraw key staff of sector regulator, the Department of Petroleum Resources (DPR), from oilfields and export terminals by midnight on Wednesday. "Between now and 12 midnight, we will withdraw our members from all DPR locations, including oil export terminals," Mohammed Saidu, branch chairman of the PENGASSAN union in the DPR, told Reuters. <nL20904115> The unions have pressed on with the strike despite a series of concessions offered by President Umaru Yar'Adua, who faces the first major test of his government three weeks after taking office. UNDERLYING TREND BULLISH Experts said the underlying factors remained bullish. "The market is fundamentally very well supported," said Mike Wittner, global head of Energy Market Research at investment bank Calyon. "Gasoline remains a big driver (and) gasoline in the U.S. remains tight. Going forward, the fundamentals remain well supported, especially with OPEC and Saudi Arabia not increasing production. Meanwhile there are a lot of geopolitical risks out these, as well as hurricane season coming up," he added. Credit Suisse analysts said the oil price outlook was "tight" in the second half of 2007, supported by supply problems and ongoing demand growth. "OPEC need to increase oil output and spare capacity looks tightly held in Saudi Arabia and Kuwait. Were OPEC to keep output unchanged, inventories would fall in the second half of 2007 and hurricane worries will inevitably resurface from August onwards," analysts at the bank said in a research note. (Additional reporting by Neil Chatterjee in Singapore) |
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onefour02
Senior |
20-Jun-2007 20:54
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delay delay delay. july august september. |
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onefour02
Senior |
20-Jun-2007 20:48
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Sampang PSC The operator of the Sampang Production Sharing Contract ("Sampang PSC"), Santos Limited has advised that first oil production from the Oyong field previously targeted for late June 2007, has been delayed. This is mainly due to delays in the procurement of equipment in the current tight engineering, procurement and construction services market. This equipment is to be used in the conversion of the Oyong production barge. Further updates on the Oyong production will be provided when these become available. |
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idesa168
Elite |
20-Jun-2007 09:51
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1402, possibility. I will not be looking at SPC today, SPH is more interesting! Cheers. |
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onefour02
Senior |
20-Jun-2007 07:35
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your showhand means take profit? |
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