China Oilfield   

China Oil Field Technology

DEJA-VU currently seen in RH petrogas and REX ....



China oilfield 's IPO few years back at 60cents .. listed with much fanfare and enthusiam .... rallied to above $1

now left 3 cents..

 

YEP U R RIGHT.......buy when u are not the last

 

InvestNotTrade : Read the financial announcements... interesting it never sells anything for 3Q 2012..... Fundmentally not strong as its cash from operating activities is negative. But in Singapore, nobody cares about fundamental when it comes to penny stocks... Purely based on sentiments and pure speculation, just be sure not to be the last person to jump out of the ship...One more thing is that it is a S chip company....

 

do watch for it....

i saw the post in sgxwinner for ChinaOilfield...just sharing

Sgxwinner.blogspot.sg

 

ChinaOilField following penny rally next week . $0.032 closed. do watch for it

 

My mum wanted to punt this stock and wanted me to help her buy cos her broker blocked it.
While checking its info, found out its revenue is horrible. Not even selling anything
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A0EE172DB094AB1548257AB1003E87A9/$file/3Q2012Results.pdf?openelement

 

Oil field services should be doing very well, but why are the shares of this company only 10% of its Net assets? Last NAV was 50/100 RMB (CNY).   Something is not right.   Attracted by its name, I read its reports, and found that it is incurring losses, but reducing them. 

Normally if you are in association with good businesses, your business should have some rub offs, but cannot see this one, funny. 

 

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_3FA5830319B7079D48257A56003A75F3/$file/2Q2012Results.pdf?openelement

 

China is one of the development country's in the world. Day-by-day, Many latest equipment will be introduced in many fields. It is one of the major “one-stop” customized solutions provider of integrated tertiary oil recovery equipment and products in the Daqing oilfield region of the PRC. Please produce some more attachments about the topic for view detail information.


 

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today it hits 0.055

it is going mad... what happened? any inside news?

 

Do what u are happy with

 

why is it dropping like mad cow disease? Is the financial status bad? should I still keep hold of this shares? or should I just sell it?

 

Bot 11 lots of this by mistake! Aargh...

 

what happening to this shares?

 

WOW!! almost 60m shares traded today!! highest since it's IPO siah!! wat's cooking??!??! :P

 

Last	Trades	Vol	BuyVol	Mid	SellVol
0.110	1	20	20	0	0
0.115	52	3,826	860	0	2,966
0.120	2	4,271	1,671	0	2,600
0.125	96	16,787	5,513	0	11,274
0.130	56	13,050	1,243	0	11,807
0.135	124	20,177	3,773	0	16,404
0.140	1	1,000	0	0	1,000
TOTAL	332	59,131	13,080	0	46,051

 

 

Ya it really looks dead, nobody interested now. However, it has stopped dropping for the moment, must be able to break 0.14 before it is bottomed out. But from the MACD you can see that it's improving, moving up soon, on standby mode already.

hbk1984      ( Date: 13-Jul-2010 23:09) Posted: what happened to this share? it seem so quiet recently... is the stock dying?

 

what happened to this share? it seem so quiet recently... is the stock dying?

 

This counter no action today... how come last friday so active till top 20... today like ghost town like that...anyone?

 

They don't own any oil field...  However, they build oild pumping units for oil field... Their new units are more efficent than the old ones... With the demand for oil increase, it will attract oil field to order new pumping units for them in order to pump oil efficently. Further more... most of the oil field's pump are running old, with increase pumping these days, the old pump units will die... Hence, an increase demand for oil pump units are expected..

 

hOw  many  Oil Fields  dOes  COF Own?

Or, is  COF   just  lOOking  fOr Oil Fields but dOes  nOt  Own  any ? ?

With  CRUDE at current USD85+,  Oil Fields Owners  shOuld  be  enjOying  gOOd  TiMES ? ? ?