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AhBear Member	04-Jun-2007 20:10        AhBear About Contact  Quote this Post!
x 0   x 0  Alert Admin	got new projects to Middle East is it?
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bullrun4ever Senior	04-Jun-2007 17:22        bullrun4ever About Contact  Quote this Post!
x 0   x 0  Alert Admin	Up 7c to close at $1.44 today!
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skynet Member	04-Jun-2007 17:21        skynet About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes. Agree with you. Positive strong uptrend.
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bullrun4ever Senior	04-Jun-2007 17:18        bullrun4ever About Contact  Quote this Post!
x 0   x 0  Alert Admin	Strong uptrend!    This counter has been going up and up for the past week...!
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Livermore Master	04-Jun-2007 12:26        Livermore About Contact  Quote this Post!
x 0   x 0  Alert Admin	I remember someone commented that ASL Marine had gone up a lot at 90c. But it is now $1.42.......
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Livermore Master	04-Jun-2007 12:21        Livermore About Contact  Quote this Post!
x 0   x 0  Alert Admin	As expected it continues its journey to the Middle East....
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ihatcoy Senior	03-Jun-2007 21:03        ihatcoy About Contact  Quote this Post!
x 0   x 0  Alert Admin	AhBear Member Posted: 01-Jun-2007 15:28 x 0 x 0 why keeps going this 2 weeks? got good contracts or news? vested :) Counter was covered in the edge magazine under -Hotstocks-
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AhBear Member	01-Jun-2007 22:36        AhBear About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hope it cheong to the price level similar to Labroy Marine :) Short term TP $1.50
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Livermore Master	01-Jun-2007 21:51        Livermore About Contact  Quote this Post!
x 0   x 0  Alert Admin	As I had mentioned previously, it is not so much that oil related stocks have gone up a lot but more importantly they still have upside
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AhBear Member	01-Jun-2007 15:28        AhBear About Contact  Quote this Post!
x 0   x 0  Alert Admin	why keeps going this 2 weeks? got good contracts or news? vested :)
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bullrun4ever Senior	01-Jun-2007 15:21        bullrun4ever About Contact  Quote this Post!
x 0   x 0  Alert Admin	Strong uptrend, up 3c to $1.37!
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Livermore Master	30-May-2007 21:59        Livermore About Contact  Quote this Post!
x 0   x 0  Alert Admin	It should win more contracts and go up higher
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bullrun4ever Senior	30-May-2007 17:33        bullrun4ever About Contact  Quote this Post!
x 0   x 0  Alert Admin	Still going strong amidst correction in China market!
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bullrun4ever Senior	18-May-2007 21:48        bullrun4ever About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oil prices rally; Brent above US$69 18 May 2007   LONDON : World oil prices rallied on Thursday as the market focused on problems at US refineries ahead of the high-demand season for motor fuel, and unrest in crude producer Nigeria, traders said. On Thursday, the price of Brent North Sea crude for July delivery jumped 1.24 cents to 69.21 dollars a barrel in electronic deals. New York's main oil futures contract, light sweet crude for delivery in June, advanced 84 cents to 63.38 dollars per barrel in floor trading. "Crude futures were higher ... on the back of refinery closures, (which are) reducing gasoline supplies ahead of the summer driving season in the US," said Sucden analyst Michael Davies in London. The US Department of Energy said Wednesday that gasoline (petrol) reserves rose 1.7 million barrels to 195.2 million in the week ending May 11, above forecasts for a rise of 1.0 million barrels. The gain followed an increase of 400,000 barrels the preceding week after steady falls for three months. But news of recent US refinery glitches and shutdowns offset the increase in gasoline inventories, putting upward pressure on prices on Thursday, said Victor Shum, senior principal at Purvin and Gertz. "The market is responding to refinery glitches ... A couple of weeks of inventories build doesn't turn the market around. The US summer driving season is around the corner. Is there enough time for US refineries to increase gasoline production?" Shum said. The market has been concerned over tight gasoline supplies ahead of the holiday driving season, starting at the end of May, when many Americans take to the roads. Traders are also tracking events in Nigeria, the world's sixth-biggest crude producer, where output has been slashed by about one quarter owing to recent rebel attacks on its energy facilities. Home to Nigeria's multi-billion-dollar oil and gas resources, Port Harcourt and the Niger Delta region have seen an upsurge in kidnappings of foreign and local workers in recent months, mainly connected to the oil industry. "Ongoing trouble regarding West African output...will have an obvious deleterious effect on future summer supplies," said analysts at energy consultancy The Schork Report.
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bullrun4ever Senior	18-May-2007 20:40        bullrun4ever About Contact  Quote this Post!
x 1   x 0  Alert Admin	Singapore shipbuilder ASL Marine <ASLM.SI> said on Tuesday its total capacity to build offshore vessels used in oil exploration will nearly double when its new yard in China is fully operational next year. Shares of ASL Marine jumped nearly 8 percent to a record high of S$1.24 after the company's comments, bringing gains so far this year to over 30 percent, after a 79 percent rise last year. Its new eight-hectare (20 acres) shipyard in China's Guangdong province will enable ASL Marine to build up to six offshore vessels a year, adding to the company's existing capacity of eight vessels a year, Managing Director Ang Kok Tian told Reuters in an interview. "In China our focus will be on medium-sized offshore vessels but our range would be wider, so we will be looking at vessels like pipe-laying and heavy-lift vessels," Ang said. Ang said the firm would also look for contracts to convert oil tankers in Floating Production Storage Offloading vessels (FPSO) at its Chinese yard. Ang said the new yard has started building smaller and less sophisticated vessels such as barges this month, but would take another year before it starts building offshore vessels that perform logistics services at offshore oil fields. The dollar value of orders for offshore vessels is usually much higher than for harbour tugs or barges. ASL Marine has two more shipyards -- a 30-hectare yard on Indonesia's Batam island, where it can build up to eight vessels a year and repair vessels of up to 150,000 dwt (dead weight ton), and a 3.7-hectare yard in Singapore, mainly used for building harbour tugs and barges. Ang said that while the Chinese yard would start contributing revenue for the financial year ending June 2007, the full impact of its contributions would come in the 2007/08 full-year results. The company also charters tugs and barges for port and land reclamation operations and plans to increase the size of its fleet to 163 vessels, from 146, this year. Its major revenue generator in the past couple of years has been building offshore vessels such as Anchor Handling Towing Supply and Anchor Handling Tugs used mainly to moor and transport rigs to offshore oil fields. A rise in demand for these specialised vessels, as high oil prices <CLc1> spur more exploration, has pushed ASL Marine's order book to record levels above S$500 million ($331 million), from S$382 million on December 31, 2006. With about 110 offshore rigs under construction world-wide, Ang said the demand for anchor handling vessels was likely to stay healthy. Its growing order book has helped the firm, which has a market value of US$192 million, to post net profit of S$16.8 million in the July-December period, about 36 percent above the S$12.3 million it made in the same year-ago period. ASL made a net profit of S$23.1 million in the full-year ending June 30, 2006. Most of the orders for anchor handling vessels have been placed by European customers serving oil fields in the Middle East and Southeast Asia. Shares in ASLM Marine trade at 8 times their forecast 2008 earnings, cheaper than stocks in Singapore peers such as Labroy Marine <LABR.SI> which trade at 13 times and Pan-United Marine <PAUM.SI> which trade at 9 times. Larger shipyards such as Keppel Corp. <KPLM.SI> and SembCorp Marine <SCMN.SI>, the world's top offshore rig builders, trade at 16 times and 14 times, respectively.
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Livermore Master	18-May-2007 20:10        Livermore About Contact  Quote this Post!
x 0   x 0  Alert Admin	As expected ASL Marine has headed higher and now $1.31!
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Livermore Master	25-Apr-2007 07:16        Livermore About Contact  Quote this Post!
x 0   x 0  Alert Admin	As long as oil price stays high, just hold. No target price
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AhBear Member	24-Apr-2007 22:56        AhBear About Contact  Quote this Post!
x 0   x 0  Alert Admin	What is the target Fair Price - $1.42?
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BullRun Elite	24-Apr-2007 22:54        BullRun About Contact  Quote this Post!
x 1   x 0  Alert Admin	As mentioned earlier, this one is undervalued.....and is still undervalued after moving up 13c today!!
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bullrun4ever Senior	24-Apr-2007 20:30        bullrun4ever About Contact  Quote this Post!
x 1   x 0  Alert Admin	This counter is crouching tiger, hidden dragon! Dragon head is out...going to fly soon!
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