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keppel Corp
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williamyeo
Senior |
08-Jun-2009 19:18
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Keppel FELS delivers 2nd 8500 Series semi to Ensco. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9CBD5741E8818553482575CF0035DFF2/$file/Prel_ENSCO8501delivery1.pdf?openelement |
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nickyng
Supreme |
04-Jun-2009 12:46
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sembmarine only got 1 rig to sell...but this burger has quite a few...next u know the oil rig mkt will be flooded with newly built oil rig selling at lelong price ! haha...the key of this game is to declare client default earlier and start the process of selling them ! b4 other jump in the sellQ ! :D
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DnApeh
Master |
04-Jun-2009 11:50
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Sembmarine already showed them how to deal with this kind of problem. | ||||
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nickyng
Supreme |
04-Jun-2009 11:31
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ahh....no wonder Kepcorp so eager to let go of SPC ...haha to offset the 1.7b potential loss in oil rig default by client siah !!! BUT !!...how many SPCs does it has to sell to offset potentially more client oil rig order default ?!?!? haha...wat a joke :P i think <$6 is still possible for this burger !! :D
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JJSeng
Senior |
04-Jun-2009 09:50
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Thanks Alligator |
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Alligator
Veteran |
04-Jun-2009 09:46
Yells: "learning from past " |
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I think it is related to this Skeie Drilling and Production. Thursday, 04 June 2009 09:05 Keppel Corp (KPLM.SI), the world’s biggest maker of offshore oil
rigs, said today it is prepared to help in the restructuring of a
customer that has placed orders worth about $1.7 billion with Keppel,
reported Thomson Reuters.
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JJSeng
Senior |
04-Jun-2009 09:42
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What happen this morning, so many people dumping this burger. | ||||
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hanwudi
Member |
03-Jun-2009 20:35
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Now we start to see the synergy of selling SPC to China firm. | ||||
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hanwudi
Member |
03-Jun-2009 20:18
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Tianjin/Singapore, 3 June 2009 – Sino‐Singapore Tianjin Eco‐City Investment and Development Co., Ltd. (SSTEC) reached another important milestone of its developmental plan today by bringing on board several Singapore companies as partnes to launch its first eco‐business park. With
SSTEC
The |
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Juzztrade
Veteran |
01-Jun-2009 09:24
Yells: "Techincal and long term investor" |
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adobepie
Member |
27-May-2009 12:25
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at the moment spc is a refiner, it should expand into exploration and drilling operations, should join hands with friendly countries like brunei, etc so as to protect and secure the long term interest of its citizens. | ||||
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dcang84
Veteran |
27-May-2009 11:24
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SPC is a refiner and not owners of oilfields.I thot there's a limit to gains if crude oil prices move upwards,no? Are they not part of the supply chain who often get squeezed between consumers and supplier, no? Me thinks demand for alternative sources of energy will rise-coal, gas with technology being the key enabler. Second, I read somewhere that the americans may seek to lift the ban on off shore oil exploration which should alleviate supply concerns somewhta. The longer term solution should be to change users habits on energy consumption. Companies do evaluate their portfolios now and again and freeing up money is just the starting point. This could be a harbinger of a possible strategic move by Keppel in the months to come-acquisition (my guess). |
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adobepie
Member |
27-May-2009 08:03
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spc should not be in foreign hands cos oil is such an important commodity to our survival; it should be 100% govt owned and developed into a global organisation like petronas |
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pharoah88
Supreme |
26-May-2009 12:32
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REFINED OIL PRODUCTS like petrols, diesels, kerosenes, fuel oils, jet fuels, gas, lube oils, tars, et cetera are COMMODITIES sold by petroleum REFINERS. COMMODITIES are PROCESSED PRODUCTS which incures high storage and distribution costs and needs to be moved OUT FASTEST for BEST TURNOVER RATE at the LEAST COST and thus sacrificing margins. CRUDE OILS can be left WHERE IT IS (LIKE WHAT US Government is doing for decades) for HUGE APPRECIATION and SOLD at the BEST PRICE LATER (US Government loves to buy and use up OTHER COUNTRY's OIL WELLS until they FINALLY DRY UP) and KEEP OWN OIL RESERVES UNTOUCHED. Even CHINA started BUYING UP OIL RESERVES YEARS AGO. PETROCHINA is NOW perpetuating this PRACTICE to DEPLETE OTHER COUNTRIES of OIL WELL RESERVES with the purchase of SPC as one case. |
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jeremyow
Senior |
26-May-2009 12:00
Yells: "Passionate business investor" |
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I think otherwise. Management of Keppel Corp. must have discussed for a long time whether to sell SPC to PetroChina. I don't think this was an impulsive decision made over a very short time span. The deal and negotiations may have started over a period of time, just that it may not have been disclosed to the general public and media. Oil business is not very lucrative as it is a commodity business. Commodity business are very inconsistent. Sometimes when demand is high for the particular resource and supply is low, the price goes up. When demand is low and supply is high, price of the resource goes down. There are a good number of oil companies around and price competition will prevent individual company from coming up ahead of the rest of the pack. Basically, all oil companies are selling similar products (oil) with little differentiation in the products. So, earnings margin can never go too high due to price competition between companies. So, it may not be a bad deal for Keppel Corp. to let go of this commodity business and focus its capital on other more consistent and profitable businesses. |
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pharoah88
Supreme |
26-May-2009 10:32
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withOUT SPC, Kep Corp has NO MORE OIL WELLS to cheong anymore. Kep Corp is now like a DRIED corpse withOUT its OILS. Kep Corp has downgraded its "XtraOrdinary Ness" to the level of Semb Corp. SPC is worth more than S$6.25 in the LONG TERM. With the OIL WELLS in five countries, SPC can collect how many times of S$6.25 in the LONG TERM. poor Corpse! |
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jeremyow
Senior |
26-May-2009 01:46
Yells: "Passionate business investor" |
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Wait a bit longer sure will rise to $9.40 since there will still be people willing to buy at such high price. Short-term wise, there may be fluctuations to the share price due to volatile market sentiments.
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hanwudi
Member |
26-May-2009 00:19
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Can this stock cheong towards TP $9.40? | ||||
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nickyng
Supreme |
25-May-2009 09:34
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ahh..okbought back earlier at 7.33 x 2 !! phew! :D wat a day!
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nickyng
Supreme |
25-May-2009 09:23
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shorted this burger at 7.65 x2 !!! hee...looks like time is ripe to cover back !! :D | ||||
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