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SPC
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teeth53
Supreme |
21-Sep-2006 00:07
Yells: "don't learn through life, learn to grow with life " |
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Oil going down to US$61/-barrel, think SPC px oso down a little liao. |
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billywows
Elite |
19-Sep-2006 23:11
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Oil up to $64 today .... climbing slowly but surely toward year end. |
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teeth53
Supreme |
19-Sep-2006 21:41
Yells: "don't learn through life, learn to grow with life " |
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At this moment in time, i don think SPC can have a good run, so time to watch oni and if it hit a sudden surge downward, it mean a good time to buy but watch 1st b4 entering in contract to buy. |
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chipchip66
Master |
19-Sep-2006 21:01
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SPC should retrace 10% in price as petrol prices are down about 11%. Should we look this proportionately? So that means SPC should probably be trading around $4.50??? |
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Nostradamus
Supreme |
19-Sep-2006 19:13
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Merrill Lynch analysts said in the report that they had revised down their forecast for 2007 capacity expansion in Asia-Pacific's refining industry by 16% due to project delays or cancellations in China, India and Thailand. Other analysts have said that in the short term though, three new major refineries with combined capacity of 420,000 bpd, slated to come onstream in Oman, India and China by the end of autumn, will hit already weak margins. Merrill downgraded its Asia-Pacific demand growth for 2006 to 1.4% versus 1.9% previously on higher oil prices, adding that it left its forecast for utilisation rates unchanged. David Hurd, regional energy analyst at Deutsche Bank, said refining margins would fluctuate around current levels this year but not likely to return to last year's levels, which were partly driven by Hurricane Katrina. Hurd forecasts Singapore complex margins would average US$6.80 a barrel in 2006 versus an estimated US$6.40 so far this year. "We have been 'neutral to bearish' on refining stocks since the beginning of 2005. I'm not changing my view," he said. |
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Livermore
Master |
18-Sep-2006 21:02
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I wonder where this DBSV get its source of information. Refiining margins were never at US$10 a barrel duirng the peak season. If margin is at US$3 a barrel, that would be considered GOOD! |
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Nostradamus
Supreme |
18-Sep-2006 20:14
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Unlike SPC, falling crude costs help refiners in China and India where price controls have limited profits. Their selling prices are capped by the governments. India's refiners are also prevented from passing on the full increase in oil costs to customers because of Prime Minister Manmohan Singh's election pledge to protect the poor. |
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Nostradamus
Supreme |
18-Sep-2006 18:36
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DBSV has cut its target price to $5.28 because it expects lower prices for oil products to soften the company's earnings. "SPC will be affected by a squeeze in refining margins, caused by a sharper decline in product prices than crude [prices]. We have cut our forecasts for SPC and our target price, as refining margins have been (more than) halved to US$3 a barrel from [their] peak of 10 usd in the second quarter of this year," DBSV said. |
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teeth53
Supreme |
17-Sep-2006 23:48
Yells: "don't learn through life, learn to grow with life " |
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Ha!! that okk.. happen to me oso, oil is down mah....U 1 sa-more discount, retail petrol px oredi come down liao, still U 1 sa-more. |
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chipchip66
Master |
17-Sep-2006 23:03
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Tomorrow SPC will probably head south again. |
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chipchip66
Master |
17-Sep-2006 17:13
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Sorry wrong posting!! Today a bit blur blur like today weather. |
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chipchip66
Master |
17-Sep-2006 17:12
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Hi Singaporegal, Creative stll have not broken its resistance of $10.10, so it is rather flat but might not go downtrend. It is not on a downtrend but may be going downtrend, so it is 2 different matter. However, we will see how it performs this comong week. Cheers! |
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singaporegal
Supreme |
16-Sep-2006 17:26
Yells: "Female TA nut" |
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As expected... still on downtrend. |
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Livermore
Master |
15-Sep-2006 23:26
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This Week In Petroleum: Oil Prices Continue to DropSeptember 13, 2006 -- In the last 5 weeks, since August 7, oil prices, both for crude oil and petroleum products, have dropped substantially. The price of West Texas Intermediate (WTI) crude oil has fallen from $77 per barrel to below $64 per barrel. Retail gasoline prices have dropped 42 cents per gallon to $2.62 as of September 11, while retail diesel fuel prices, at $2.86 per gallon, are now about 20 cents per gallon lower than they were 5 weeks ago. Will the declines continue, or will they begin to level off and possibly increase later this year?According to EIA?s most recent Short-Term Energy Outlook released yesterday, EIA expects the price of WTI crude oil during the fourth quarter of 2006 to average around $70 per barrel, gasoline prices to average below $2.60 per gallon, and diesel prices to approach $2.80 per gallon by the end of the year. EIA is expecting the recent price decline to slow, with prices then leveling off and possibly increasing later this year. This outlook reflects our analysis of the factors driving the current price decline. For gasoline markets, the price drop that normally arrives after Labor Day and usually extends through the end of the year began a few weeks early, as the market entered the last few weeks of August with no hurricanes threatening petroleum infrastructure, such as refineries or pipelines, and with enough supplies on hand to get through Labor Day. As a result, the sell-off started before Labor Day, as along with the expected seasonal demand drop, rising refinery runs, and high import levels, markets perceived an improving supply/demand balance, pushing down prices. Currently, the near-month futures price of a barrel of gasoline is only $1 to $2 above that of a barrel of crude oil, an unusually low margin that is likely to increase over the coming months. Diesel prices have not dropped as much as gasoline, mostly because diesel demand tends to be strong in the fall with agricultural use of diesel increasing as crops are harvested, and the similarity of diesel to heating oil often causes diesel prices to rise in conjunction with heating oil as the winter approaches. Thus, declines in diesel prices have been limited to those caused by the decline in crude oil prices. Unless the U.S. economy starts showing signs of a significant slowdown, which would slow oil demand growth, or an unusually warm winter in the northern hemisphere that depresses heating-related demand, the opportunity for further improvement in crude oil markets appears to be limited. The global balance is expected to remain relatively tight as long as global demand continues to increase at a faster pace than non-OPEC supply, limiting gains in global spare production capacity, which implies that the downward trend in prices is likely to stop or reverse if one of the many potential sources of supply trouble flares up or if product pressures from heating fuels pulls up crude oil prices once cold weather begins in earnest. Regardless of what the future holds, U.S. consumers can take some comfort from the fact that U.S. average regular gasoline prices have dropped sharply over the last five weeks, and that crude oil prices are as low as they have been in several months. Source: U.S. Dept. of Energy |
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chipchip66
Master |
15-Sep-2006 22:26
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Yes, I will rent a big lorry to fill it up! enjoy the price cuts while we can! However, I think the price will go up again in a matter of time! Maybe they give us 11 cents back now and take back 20 cents later. Anyway, it will be good news now to car owners. Hoorah! |
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luvbugz
Member |
15-Sep-2006 22:23
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down trend TA + retail petrol price cut: dun look attractive for entry at this stage |
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luvbugz
Member |
15-Sep-2006 22:17
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SPC reduces petrol prices again today, along wf competitors: Caltex, Esso , Mobile |
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wacko111
Member |
15-Sep-2006 21:56
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Hi pple, I'm new into investing and i'm quite confused. hmmm, just wondering, how impt is it to know these info of the company. Even if fundamental is sound, it is quite hard to predict when the undervalued stock will appreciate, isn't it. -- sudden price surges is mainly triggered by fund managers, hedges, by the time we wanna catch onto the wagon it will be probably too late, rite? |
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chipchip66
Master |
15-Sep-2006 20:20
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Tks again for your infos. Hope to know more people like you in this forum that really contributes and not use eye power only. ( just kiddin) |
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shplayer
Elite |
15-Sep-2006 19:48
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chipchip66, Exploration Drilling expenses accounting will dependant on whether the exploration program and if the wells are 'dry'. So, the expense is not an on going expense. For the 2 fields that are being explored/devloped...i.e.Oyang and Jeruk...SPC's share is 36%. SPC's share in the Kakap field is 15%. Its share of production is approx 2,600 bbl/day. Profit from revenues of late has been in the region of 50-60%....depending on oil prices. This translates to approx $7-8m per Q. Hope this helps. |
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