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CHEMOIL
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Happyseah
Senior |
12-Aug-2007 01:39
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This is a good stock for the long term. In the meanwhile, price should continue to fall as there are not much reasons to support it at this moment... |
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dchia78
Member |
11-Aug-2007 09:52
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Most likely sell off will continue. However according to report, the higher expenses was due to some storage problem in Singapore. Now that they have sorted that out, the next quarter result should reflect better profits. |
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TChiew
Member |
11-Aug-2007 07:33
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Qtrly results look pretty bad. Sell off will continue on Monday?. |
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Happyseah
Senior |
10-Aug-2007 23:23
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Results just out. Reported lower profits 2nd quarter YOY. Insiders would have known about this and therefore stock has been falling steadily.... |
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dchia78
Member |
10-Aug-2007 23:09
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This counter has been going down for the past few days. Guess it has to do with the US subprime thingy.. What's the co-relations? Or just some panic sellers? |
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zhuge_liang
Supreme |
27-Jul-2007 00:04
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Hi oil_madness, I read it from a Reuters article. |
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oil_madness
Member |
26-Jul-2007 19:06
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Hi Zhu ge liang Do you have the article relating to the speculation of the takeover of Chemoil by private equity? Thanks |
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Nostradamus
Supreme |
26-Jul-2007 13:21
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Chemoil is investing US$60 million in a new oil storage terminal in Fujairah, the world's 2nd largest bunker port after Singapore. The investment will ramp up capacity at its JV GPS-Chemoil facility in UAE with local partner Gulf Petrol Supplies. Chemoil holds a 40% stake in the JV, and GPS the remainder. The capacity of the existing 44,000 m3 JV terminal, currently handling clean oil products, will be increased 6-fold to 326,000 m3 when the project is completed next year, Jerry Lorenzo, Chemoil's CFO said. |
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zhuge_liang
Supreme |
26-Jul-2007 12:21
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There's speculation that the firm may become subject to a takeover offer after U.S.-listed offshore driller Transocean Inc. announced an US$18 billion takeover bid for a peer. Transocean Inc., the world's largest offshore driller, said that it would buy offshore oil&gas drilling contractor GlobalSantaFe Corp. for nearly US$18 billion. The offer comes after months of speculation that the oil supply sector would consolidate to take advantage of the huge spending increases by oil producers, especially for the development of offshore fields. "People are speculating that a private equity firm might buy Chemoil after the Transocean deal," a dealer at a local Singapore bank said. |
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jemliang_85
Member |
26-Jul-2007 09:42
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Hi, any take for this counter? |
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limhpp
Veteran |
11-Jul-2007 14:39
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What happen now?? Good News.... yet down |
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limhpp
Veteran |
10-Jul-2007 21:12
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=DJ INTERVIEW: Singapore Chemoil Eyes Future LSFO Demand Growth (2007-07-10 09:18:00) SINGAPORE (Dow Jones)--Singapore-listed marine fuel products supplier Chemoil Energy Ltd. (AV5.SG) is positioning itself for a big rise in Asian demand for low sulfur fuel oil for ships, including setting aside space in a huge storage facility it is building. The shift by the maritime industry to LSFO, and other cleaner fuels, is being driven by worldwide efforts to enforce tighter fuel standards - efforts than up to now have been more concentrated on land traffic. "Everybody is used to regulations on emissions for land-based usage. This is the first time international pressure is coming down on marine fuel and Asia is certainly going to see the impact in the next few years," said Adrian Hugh Tolson, Vice President of Sales and Marketing of Chemoil, which has around a 10% share of the Singapore fuel oil market. The refining sector might find itself unable to cope with the switch unless the move to use more LSFO, marine diesel, MDO, and marine gasoil, MGO, is phased in, he said. So far only two areas have adopted International Maritime Organization controls on maritime sulfur emissions known as Sulfur Emissions Control Areas, or SECAs. The Baltic Sea SECA came into force in May 2005 and was fully rolled out a year later, said Lee Adamson, head of Public Information Services at the International Maritime Organization. The second, the North Sea SECA, came into force in November 2006 and will be fully implemented in November this year, he added. The SECA system caps vessels'' fuel sulfur content at 1.5% down from an existing worldwide sulfur content cap of 4.5%. As a consequence, LSFO demand in the European waters concerned has soared, and Chemoil''s LSFO sales have surged 400% in the last month and a half alone. Asia hasn''t yet set up any SECAs, but according to Adamson, "we understand informally that preparatory work is currently underway on a number of submissions, including some in Asia." Recently, the Japan Ministry of Land met bunker market participants to see what level of sulfur cap would be practical, and with Japanese refiners, to discuss LSFO production questions, Chemoil''s Tolson said.
Huge Strain On LSFO Supplies
Singapore, which is the world''s largest ship refueling center, is also looking into sulfur emission reductions. "I expect to see LFSO demand increase dramatically worldwide over the next few years. There''s going to be more SECAs introduced in more locations around the world and the market will continue to shape itself," Tolson said. This will put a huge strain on supplies, as each year ships burn more than 200 million tons of HSFO and LFSO combined. "An immediate switch (to LFSO) would be truly seismic and costly," said Tolson, noting that LSFO already cost $25 a ton more than HSFO, and that a phase-in period would allow the LSFO supply infrastructure to develop. The association of private tanker owners, Intertanko, which represents 250 independent owners, with a combined fleet of more than 2,500 tankers accounting for 70% of the world''s independent tanker fleet, isn''t keen about any obligatory switch to LSFO. It has instead argued for a switch to 1% low sulfur MDO by 2010, and further cutting that to 0.5% low sulfur MDO by 2015. Some shipping experts argue that a combination of lower-polluting fuels should be used. "Dual fuel engines with a capability to burn diesel fuel oil and/or natural gas are already a reality," said Jim Liebertz, president of Singapore-based ABS Pacific, a unit of the American Bureau of Shipping, which works with shipyards to ensure new vessels comply with safety rules and regulations. BP PLC (BP) is moving in that direction - it had its first dual-fuel diesel-electric liquefied natural gas carrier delivered to it this week. Built by South Korea''s Hyundai Heavy Industries Co. (009540.SE), the 155,000 cubic meter carrier can run on evaporated gases from its cargo, or on conventional diesel fuel. Chemoil, which sold 13.9 million tons of marine fuel oil worldwide, including 3.5 million tons in Asia, in the year ending December 2006, feels it is well-positioned to meet future ship fuel needs. The 448,000-cubic-meter Helios storage terminal in Singapore''s Jurong island it is building will be able to "deal with LSFO demand locally as it develops," said Tolson. Chemoil has already started offering MGO and MDO in Long Beach and Los Angeles to meet demand, and if Asia decides to follow suit, Chemoil will able to take that business to Asia swiftly, he said. -By Seng Li Peng, Dow Jones Newswires; 65-6415-4067; li-peng.seng@dowjones.com -Edited by Simon Hall (END) Dow Jones Newswires July 10, 2007 05:18 ET (09:18 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. |
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limhpp
Veteran |
09-Jul-2007 16:30
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cheong ah! Gook Luck for those who vested 
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limhpp
Veteran |
09-Jul-2007 09:22
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Finally it is moving uptrend.
Buy on weakness |
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limhpp
Veteran |
02-Jul-2007 17:11
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Chemoil aims to expand storage
Ports: Petroleum storage would grow from 130,000 barrels to 465,000 barrels.
Article Launched: 06/25/2007 12:00:00 AM PDT
Chemoil, a major supplier of diesel and gasoline to the shipping and aviation industries, is seeking to expand its storage capacity by 130,000 barrels. Currently, the company's waterfront storage facility has a capacity of 465,000 barrels. One barrel equals 42 gallons. The expansion proposal includes building two additional storage tanks and acquiring more than half an acre of a neighboring property owned by Morton Salt Company. According to Chemoil, the company provides about 16 percent of the jet fuel used at Los Angeles International Airport and is one of Southern California's leading suppliers of bunker fuel used by large shippers. The expansion is needed to increase storage capacity for low-sulfur diesel fuels, which are increasingly used in the shipping, rail and trucking industries to comply with environmental regulations, Chemoil said. Chemoil's current facility is housed at Berth F211 on Pier F. The company also owns tank farms in New York, Houston, Rotterdam, Singapore and Panama. Just wonder why no BB looking at this counter |
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davecsh
Member |
26-Jun-2007 19:53
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It seem like the support level is at 0.84 but there were lot of selling down. The CEO Chandra doesn't seem to be buying as usual to move the stock up leh! |
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limhpp
Veteran |
26-Jun-2007 10:08
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Chemoil Energy Limited is a leading integrated physical supplier of marine fuel products globally. The company provide fuelling services throught service centres which operate in many ports around the world. With the booming Marine industry and rising in oil prices, I don't see why this counter cannot perform. |
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davecsh
Member |
22-Jun-2007 18:43
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Care to comment what's going on to this counter? It drop today. |
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limhpp
Veteran |
13-Jun-2007 10:49
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Any good news anyone? The price is going up.... thanks |
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Happyseah
Senior |
05-Jun-2007 17:19
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Decided to take profit... :) |
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