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SPC
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shplayer
Elite |
04-Nov-2006 13:55
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Whilst refining margins are being squeezed, company is actively expanding/diversifying their ...vis a vis distribution of products in Guangdong and Indonesia and MOU with Pertamina and JV with SANTOS in Vietnam. This is a good sign but will take time for results to filter down. |
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rogue_trader
Master |
04-Nov-2006 02:07
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A/D Lines does not "tell" this counter very well. But Chaikin and Stochastic does quite accurately. There still a little upside according to these 2 indicators. |
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Nostradamus
Supreme |
04-Nov-2006 01:53
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It has signed a MOU with Indonesia's state-run PT Pertamina to strengthen their cooperation in oil and gas exploration, development and production projects in Indonesia and elsewhere, SPC said. "The MOU underscores SPC's strategy of building regional alliances and cooperation with the aim of creating sustainable growth and development across the oil and gas value chain," SPC chief executive Koh Ban Heng said in a written statement issued in Singapore. Here, Pertamina upstream director Sukusen Soemarinda said his company was offering to let SPC operate the Besi Tang gas field in the western Indonesian province of North Sumatra. "We will hold a joint study with SPC to develop Besi Tang gas field," he told reporters. Separately, Pertamina president Ari Sumarmo said his company might also cooperate with SPC in exploiting its other fields, with SPC providing financial backup. "They are prepared to invest at least about US$1 bln in the coming few years," he said. He did not elaborate. |
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mwzl95
Member |
03-Nov-2006 15:04
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This one's on a downwards trend.
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lg_6273
Elite |
03-Nov-2006 13:44
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SPC signs MOU with PERTAMINAThe Board of Directors of Singapore Petroleum Company Limited ("SPC" and the "Company") is pleased to announce that the Company has signed a Memorandum of Understanding ("MOU") with PT PERTAMINA (PERSERO) ("PERTAMINA") today. |
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YongJiu
Veteran |
03-Nov-2006 09:10
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got to be careful, the storong support line is at 4.30. once broken more down side to come. |
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maxsyn
Veteran |
03-Nov-2006 07:12
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oil company cut their petrol price by 5cts. |
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nickyng
Supreme |
03-Nov-2006 06:50
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well..i think..buy low sell higher strategy cant b wrong applying to counter like SPC rite? hee....cheers to more $ !! |
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singaporegal
Supreme |
02-Nov-2006 21:53
Yells: "Female TA nut" |
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SPC will likely head south some more |
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chipchip66
Master |
02-Nov-2006 21:22
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if petrol price go down, SPC share price should also go south. May get worse b4 it gets better. |
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maxsyn
Veteran |
02-Nov-2006 21:13
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one year low soon, 4.36 on 14 & 15 Nov 05. Closed 4.48 today. Siting on lower bollinger band on last 6 days. William%R indicator oversold. |
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shplayer
Elite |
02-Nov-2006 18:34
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lg1167, Buy/Sell or Hold are decisions you have to make yourself.. If you refer to my post of 25 Oct in this thread, I hope it can help assess your position. |
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hughsh2004
Member |
02-Nov-2006 17:20
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SPC past 3-mth lowest at $4.48 on 22 Sep ; today lowest is $4.44 :-O ! ... AD & RSI showing downtrend signals...... |
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lg1167
Member |
02-Nov-2006 17:13
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Good luck to you but i seemed to follow the wrong advice from a very reliable source...go in @S$5.70....always think that petroleum stock is the safest and best bet!! Once bitten twice shyyyy, please advise should i hold or sell at a loss 21%. |
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nickyng
Supreme |
02-Nov-2006 14:47
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hee...wondering Money God on my side or wat...seems to be true by shorting this wan...hee.....hope all earn abit of kopi $$$ :D |
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YongJiu
Veteran |
02-Nov-2006 12:31
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SPC up the lorrie liao |
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Nostradamus
Supreme |
01-Nov-2006 21:13
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It plans to sell oil products in Indonesia in co-operation with two local firms, which would make it the fourth foreign company to enter the downstream sector, an Indonesian energy ministry official said on Wednesday. "The government is processing the licence for SPC to operate in the downstream business in Indonesia. I think we will give them a licence in not too long a time," Erie Soedarmo, the ministry director, told reporters during the country's second major infrastructure meeting in Jakarta. He said SPC planned to supply oil products to Indonesian firms PT Aneka Kimia Raya and PT Redeco and then sell the products to some industries. "The Indonesian firms have storage. SPC will supply the products and then sell them in Indonesia," Soedarmo said. He said SPC might supply around 10,000 tonnes of oil products a month to Indonesia if it gets a licence. He gave no other details. In 2004, Indonesia opened up its domestic downstream oil business to foreign firms, including oil products retail, paving the way for them to directly import fuel and sell to local customers, after revoking state oil firm Pertamina's monopoly. Royal Dutch Shell Plc and Malaysia's Petronas have several pump stations around Jakarta to retail high octane gasoline, while BP Plc supply oil products to some Indonesian companies. Pertamina has estimated that Indonesia will consume around 62 million kilolitres (1.07 million bpd) of oil products in 2006, down 4.6% from 65 million kl last year. Indonesia, Asia-Pacific only OPEC member, is struggling to cut a hefty oil subsidy bill inflated by high global prices, and wants to encourage alternative sources of energy. Output from the country's ageing oilfields is declining at an annual rate of 5 percent or more, and new fields are not being tapped fast enough to offset this. Indonesia has nine refineries with a combined capacity of around 1 million bpd, but they supply only about 70% of its domestic oil products consumption. The rest is imported. (1 kilolitre = 6.289 barrels) |
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robinpang
Member |
31-Oct-2006 12:51
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wun advice shorting unless u r a pro.. |
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nickyng
Supreme |
31-Oct-2006 11:47
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hmm...tt's true...but seems like a downtrend in the general mkt... wondering can short further? hee... |
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singaporegal
Supreme |
31-Oct-2006 10:31
Yells: "Female TA nut" |
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Signals mixed... hard to tell if downtrend is sustainable. There're indications of some buying taking place. |
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