Latest Forum Topics / SPC | Post Reply |
SPC
|
|||||||||||||||||||||||||||||||||||||
jkbk007
Senior |
10-May-2007 11:01
|
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
I am not happy........2 days ago when I saw oil down I sold at day high 4.76 and bought more back at 4.70. Today sold 50% of my lot because I was thinking that it will go down....... what a bad move ...tradining limit hit...........very piss. BBs dun come so fast leh..... |
||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||
idesa168
Elite |
10-May-2007 10:48
|
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
It's moving now! The BBs are patronising...433 lots buy up...338 lots buying up...280 lots buying up. I am happy with that. Hope all of you are! | ||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
onefour02
Senior |
10-May-2007 08:36
|
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
thanks for the email. environment looks good now, we can easily exceed FY06 earnings, and if things remain bright throughout, matching FY05 would be no problem. at current crude oil prices we probably dont run too high a risk of inventories writedown in the event like FY06 plunge in oil prices. looking forward towards 2Q results. (which will include the completed share sale in a JV - $40M) |
||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||
jkbk007
Senior |
10-May-2007 08:04
|
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
onefore02, check your email. I do not know whether refinery margin can be negative but my opinion is that oil low and high petroleum price mean high refining margin. I saw a blog of someone mentioning this as well on his outlook in 2006. |
||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||
onefour02
Senior |
10-May-2007 07:31
|
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
jkbk007, a fellow shareholder has educated me that due to SRC's nature, refinery margins will always be positive, not so in some refineries in the region that will experience negative margins in bad times. any knowledge to share on that part? btw how long have u been keeping track? can u send the spreadsheet to me through email? |
||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
onefour02
Senior |
10-May-2007 07:26
|
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
whats the source of these product prices? | ||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||
jkbk007
Senior |
10-May-2007 05:20
|
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
onefour02, no problem I can send you the data. I hope to hear some comments from you after you have look at them. I will reach you via email since I do not use messenger. Here is the latest data update as of 8th May. The chart shows monthly average price. Daily data shows that petroleum product prices are reducing. However price reduction is very small and May's one week average price is higher than April.
|
||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||
onefour02
Senior |
09-May-2007 21:45
|
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
jkbk007, interested in ur data on refinery margins, can u add me to msn? kelvin84tan@hotmail.com | ||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
onefour02
Senior |
09-May-2007 21:42
|
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
jkbk007, what can i say? i'm a avid fan of spc too. | ||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||
Livermore
Master |
09-May-2007 18:11
|
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
Hi Chinkiasu, It is great that you have a chance to experience so many things. It is just awesome! |
||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||
harryp
Veteran |
09-May-2007 17:50
|
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
Hahaha, people will say and do anything for money. | ||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||
nickyng
Supreme |
09-May-2007 17:36
|
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
gosh! since when SPC thread becomes a tornado/typhoon tracking webpage ?!??!?! hee..... :D | ||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
jkbk007
Senior |
09-May-2007 17:17
|
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
Summary: Pacific Basin remains primed for La Niña Current conditions in the equatorial Pacific remain neutral. However the chance of a La Niña developing during 2007, and in particular over the coming 2 to 3 months, continues to be significantly elevated above the long-term likelihood of around 20%. Although neutral, current conditions continue to display the precursors required for the development of a La Niña event. These include cooler than normal conditions in the Pacific Ocean subsurface - a situation that has persisted since mid-January - which have lead to cooler than average surface waters in the far eastern Pacific. Over the past two weeks, these surface waters have undergone further slow and steady cooling, though they remain largely confined to the eastern edge of the basin: a La Niña event occurs when this cooling is more extensive along the equator. Furthermore, Trade Winds remain enhanced near the dateline, and convection (high cloud) has continued to be reduced in the east and slightly enhanced in the west. The SOI, which dropped below −10 during April, has returned to near-zero. Such variations are not uncommon during the Austral autumn, and are not necessarily an indicator of the longer term climatic situation. The equatorial SOI, which is calculated using observations on the equator, has remained positive since February. These conditions, combined with the fact that all major international coupled models show further cooling of the equatorial Pacific Ocean over the coming months, suggest that there is an elevated chance of a La Niña event occurring during 2007. Conversely, they suggest that the El Niño risk is very low. Historically, La Niña events bring wetter than normal conditions across much of the eastern half of Australia from autumn onwards.
|
||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||
jkbk007
Senior |
09-May-2007 16:53
|
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
onefour02......looks like you are ahead of me in releasing the refining margin information. I actually did a data compilation of the crude oil price and Singapore petroleum product pricing. April prices clearly points to higher refining margin than March. I will be able to see the latest price update for May tomorrow. |
||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||
onefour02
Senior |
09-May-2007 13:28
|
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
The refining profit to process Dubai crude into gasoline has surged 40 per cent from a month ago, according to Bloomberg data. The so-called Singapore complex refining margin, the benchmark for Asia, has averaged US$10.90 a barrel so far this quarter compared with US$7.80 in the first quarter, according to Merrill Lynch & Co. |
||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||
singaporegal
Supreme |
08-May-2007 20:06
Yells: "Female TA nut" |
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
Hi chinkiasu, I'll be going for the cruise in a couple of weeks time! Yeah!! |
||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||
idesa168
Elite |
08-May-2007 15:50
|
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
Hi jkbk007...I hope you are right about SPC and we both profit from our believe. It still requires the BBs to push the price up. In stock mkt, fundamentally good counter may still be suppressed in price if the BBs are not patronising. Look at SPH, the price is still way below. I also believe that the low price in SPC recently is temporary, that's why I am buying in more. Hope I am right about it. Cheers! | ||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||
jkbk007
Senior |
08-May-2007 13:51
|
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
Hi ideasa168, Based on the research I have done, SPC has a very good chance of doing extremely well this year. That is as long as we do not see a major economic downturn. Refining margin for 2Q is set to be higher than 1Q. I saw a surge in Singapore petroleum product price in April07 and if this continues, 2Q refining margin will probably be $8 or higher. Demand for petroleum product in AP remains strong. SPC is following oil price fluctuations and as a result I hedge myself against the expected drop and sold 33% holdings at $4.78. I do not think oil price will fall below $60. The current price drop is due to lower global refining capacity and thus resulting in higher crude inventories. In fact my opinion is that this is positive for SPC as it mean cheaper crude and high petroleum product price. SPC key profit is derived from refining and hence high refining margin is most beneficial. The global weather outlook for this year is not too good. Europe is predicting a very hot summer while US an above average hurrican season. The systoms for a coming La Nina in 2-3months remains. The elements at this moment are moving in SPC favours. A bit disappointed to see so many have drop out from SPC but I am guess most will be coming back maybe in less than 2 weeks time. |
||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||
idesa168
Elite |
08-May-2007 11:16
|
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
Hi Kilroy...I had made a profit from the low I bought ard $4.14 and adding up along the way. I have just added a few more lots yesterday which I hope I am right in my believe. I have a time frame of about 3-4 years for this counter, so the ups and downs in the short term does not affect my emotion. I agree with you that the ppl in this forum help and encourages each other that I am here all the time to see posting even if I am not posting. I have definitely benefited from some of you. Cheers! | ||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||
KiLrOy
Master |
08-May-2007 10:45
Yells: "I buy only what I can see." |
||||||||||||||||||||||||||||||||||||
x 0
x 0 Alert Admin |
idesa-yi-lou-fah, I hope you will profit as well. I bought it pre EX-DIV so I did get the extra prezzie together with a tidy profit yesterday. :p As I recalled, the bunch of (shares and warrants) people went through a lot during its low period as you probably know. The group motivated and encouraged each other. Amazing bunch and an amazing counter.!.! |
||||||||||||||||||||||||||||||||||||
Useful To Me Not Useful To Me |