Post Reply
1-20 of 233
hi ,
where can i see this articles?
 |
16:00 | INTERVIEW - Singapore-listed Ouhua eyes 20 pct growth in revenue in 2006 |
Oil & Gas always comes in pair.
Oil used to be taken to be the main resources. Not so now.
The main resources of the future would be gas.
I'm sure, OUHUA (laggard; china third largest LPG distributor) would rise out, once the theme revert back to oil & gas.
Currently, the theme is M&A which drives valuation.
Extracted from BT:
An extremely fruitful 2006 for S'pore's energy sector. 2006 proved an extremely fruitful
year for Singapore's energy sector. It saw a wave of multibillion-dollar investments in many
oil and gas projects, including by Shell in another giant petrochemical complex - making it
the fourth here, with a fifth likely to come next year - and more mega oil tank farms like by
oil trader Hin Leong Trading and Chinese oil giant PetroChina, and one to be built
underground at Jurong Island by JTC Corporation.
More importantly, the year also saw steps taken and decisions made on several key
projects and strategies which will reinforce the energy hub status of Singapore - already
the third-largest oil refining and oil trading centre worldwide - in coming years. Key among
these is the government's decision to opt for liquefied natural gas (LNG) which can be
imported by LNG tankers from anywhere on the globe - from Australia to the Middle East or
Russia. This will add to the Republic's energy mix and ...
year for Singapore's energy sector. It saw a wave of multibillion-dollar investments in many
oil and gas projects, including by Shell in another giant petrochemical complex - making it
the fourth here, with a fifth likely to come next year - and more mega oil tank farms like by
oil trader Hin Leong Trading and Chinese oil giant PetroChina, and one to be built
underground at Jurong Island by JTC Corporation.
More importantly, the year also saw steps taken and decisions made on several key
projects and strategies which will reinforce the energy hub status of Singapore - already
the third-largest oil refining and oil trading centre worldwide - in coming years. Key among
these is the government's decision to opt for liquefied natural gas (LNG) which can be
imported by LNG tankers from anywhere on the globe - from Australia to the Middle East or
Russia. This will add to the Republic's energy mix and ...
this stock is a out of favour concubine ipo of the stock market due to some reason.. till it has find the favour of the market, else it is better to focus on the other ipo counters.
Investers Note: Ouhua prices closed at $0.48, down 1cents due to weak holder,and due to ppl profit taking by which is has to liquidated it position on a contraian basic. Playing contra by weak holders may have weaken ouhua price, thus it is range bound for this following week.Over mid term Ouhua price maybe on a rebound.
Ouhua growth is still on track in the next several months. It LPG business distribution is likely to be driven by demand for increasing urbanisation, higher disposable of earn income for gas useage off convenience and is demand for LPG has the ouhua management increasing it production from 600,000 to 900,000 tonnes
FYI: not an inducement to trade. trade with care. Yahh...
Does BT really said the oil price might be $102 next year? I don't think it will happen...
OPEC aims for "fair and stable" oil price: Saudi
By Ghaida Ghantous
DUBAI (Reuters) - Top oil exporter Saudi Arabia said on Wednesday OPEC was striving for a "fair and stable" oil price, which the producer group has signaled would be around $60 for U.S. crude.
Wary of high fuel stockpiles in the world's biggest fuel consumer the United States, some OPEC ministers have raised the possibility of cutting output again in December, deepening a 1.2 million barrel per day reduction agreed last month.
But a modest price rally that has taken U.S. crude to $61 a barrel has assured some producers they have already done enough.
"It is important for us to obtain the best possible returns from oil through fair and stable prices...," Saudi Oil Minister Ali al-Naimi said.
Saudi officials have said the kingdom could not shoulder all the responsibility for controlling output and fellow members of the Organization of the Petroleum Exporting Countries were sharing the task.
"The act of balancing production rates and achieving a suitable price is not easy, but we have succeeded in past years and expect future success," Naimi told a gathering of Saudi ambassadors in the kingdom's capital Riyadh.
The influential Saudi oil minister has said OPEC would cut supplies again when the producer group meets on December 14 in Nigeria if recent curbs failed to balance the market and that prices were not a decisive factor.
Kuwait's Oil Minister Sheikh Ali al-Jarrah al-Sabah told Reuters current U.S. crude prices were "very comfortable" and further output cuts would only be needed if prices fell sharply.
"In my personal opinion, if prices maintain these levels, I don't imagine that there is a need for a reduction," he said.
Pressured by high fuel inventories and skepticism about OPEC's ability to enforce supply cuts, oil prices have spent most of the past two months trading a narrow range of around $58-$62 a barrel.
Algerian Oil Minister Chakib Khelil was quoted as saying on Wednesday that OPEC might need to rein in production further to ease fears of a second-quarter price slump.
he predict oil will go up to $102 next year. I think oil stocks will do well next year....just my opinion...
Just want to share info,
Read in BT two days ago. One top analyst predict oil will go up to $102 per barrel....
It is so traumatising to keep holding it until the loss is so big and you can't sleep at night.
For those still prepare to hold this, it is now to average. If you think .....
think......Think, if you buy at 0.56, and still holding, because you still think this is a good prospect, then why now at such low, you don't get more to average. This is something call fear, but think further, what is the obsticle prevent you to do so ? After all is just lost of money, that portion of money you should still afford to lost, because no risk no gain. Money is not everything, but without them will you die straight, are you putting all in one basket or separate them. Think before you decide, think carefully !
Share with you one exapmple in around 1994. Creative, I buy at $31.20, is going up, up ,up to S$32.20, think it will go further, thus continue to hold. Then it drop back to S$29.90 in 3 days, tell myself I want to wait for profit, hold on to it. In less than 6 mths, drop below S$20 because no time to monitor. Then it went down all the way ....... till S$5.90. Panic, and fear then very panic, just hold. Then it inch up to S$9 (saw sign of rebounce), quickly buy in to average and hold the share for 3.5 years and get out at S$35. So you see, you call yourself very stupid, when drop to $5.90 - $6.50, did not buy in to average but then average at around S$9, but lucky I still make S$4800 profit. This is my highest record of averaging in share and lesson learnt. I still keep the cdp statement for records !!! At that time, not married, no children, I think I can prepared to lost the S$32K, now I would just cut lost if it is at drop after 3 days !!!!
|
Weighted Avg Price:
|
0.4919
|
Last Done Price:
|
0.490
|
|
Spread/Price Ratio:
|
0.0000
|
Avg Trade Size:
|
48,620.69
|
|