Ha ha, hoe seh liao, if they maintain listing in SGX, not sure d fate of those still insisting not to sell their shares under d buying process, after 7 Aug 09 or even 24 Jul 09. Situation may not be that optimistic if CO px shed further, owing to current demand n supply.

On eve of acc of SPC by PC on 23 May 09, SPC px closed at 5.04, up 18cts on 22 Fri May 09. Then CO was ard 61 USD.

25 Mon May 09, it opened below 6.25 and closed at 6.05. Some very happy esp d holding grps and d shortists, but those on that day buy high sell higher grp kena burnt loh. Ha ha, blur AK puay chun, only picked few at 6.10, days later, I think, on force selling day loh.

Above for sharing only.

No leh.....PC said they intend to keep the brand name and maintain listing in SGX lor......

Anyway saw a report in Bloomberg that the commodity rally is coming to an end lor....a few weeks back. And so accurate that crude is falling now leh.....

Why they say so ?  PRC has been buying up all the commodities since Q4'08.......and it is fast reaching its reserve limit.....and the economy is only 'like that'....

Hope it is not another lousy second half......so hard to get profit this month.....

The name, SPC may gone into history after 7 Aug 09, when PetrolChina Int(S) Pte Ltd with total contro of SPC. To hv suggest new name competition?

No need lah, use CPS, d reverse, China Petrol S( for Spore). Just to shift the logo of SPC to CPS, save huge money for d new title at d kioks. 

The reason that oil price swings are more extreme than the swings in the stock market is due to the heavy participation in the oil market by speculators, according to Cordier. "This (recent) rally to $75 was extremely speculative," said Cordier. "It was based on green shoots -- it was based on feeling that the economy was going to recover."

teeth53 tot: ONLY a very smallest drop, it fallen by ONI S$0.005 cent in pump price as compare with....OIL 0.52  -0.86%   US$59.66 has fallen by US$15 or more. The drop is quite significant.

Crude OIL off December 08 lows is below $33 a barrel...given that sooo..badly painted incident of the worst kind in US economy, personnally. I can never see another lower crude oil prices lower then that and pump price will NOT be that low, so is our electricity power supply bill. Let watch...another worst of d worst recession coming ??, at USD $10

Most people will dream of this value.......dreams may come true....

however, our DEAR petrol co have not reduce pump prices... ***SIGH***

Oil falls on recovery fears  http://money.cnn.com/2009/07/07/markets/oil.reut/index.htm

Economic recovery woes and talks of a possible second stimulus package push crude futures lower.

"The worries are that the pace of the economic recovery hasn't materialized the way that people who plunged into the commodity markets thought, and now they are running for the exits," said Gene McGillian, an analyst at Tradition Energy in Stamford, Conn. "The question is how far they will run." so far...  OIL 0.78 -1.24% $62.15 then again has fallen close to US$62

Oil trader. Anthony Grisanti says crude prices will continue to fall as long as the economy sheds jobs. Job losses sink oil prices.