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teeth53 ( Date: 08-Jul-2009 23:37) Posted:
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Laulan ( Date: 13-Jul-2009 09:16) Posted:
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Ha ha, hoe seh liao, if they maintain listing in SGX, not sure d fate of those still insisting not to sell their shares under d buying process, after 7 Aug 09 or even 24 Jul 09. Situation may not be that optimistic if CO px shed further, owing to current demand n supply.
On eve of acc of SPC by PC on 23 May 09, SPC px closed at 5.04, up 18cts on 22 Fri May 09. Then CO was ard 61 USD.
25 Mon May 09, it opened below 6.25 and closed at 6.05. Some very happy esp d holding grps and d shortists, but those on that day buy high sell higher grp kena burnt loh. Ha ha, blur AK puay chun, only picked few at 6.10, days later, I think, on force selling day loh.
Above for sharing only.
Andrew ( Date: 12-Jul-2009 21:56) Posted:
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Fishcake ( Date: 13-Jul-2009 08:14) Posted:
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Analysts will look at current trend and predict based on the trend which is pointing down. But with the weather change, this may change too. With El Nino going to wreak havoc around the world, it may cause commodity price to go up instead.
No leh.....PC said they intend to keep the brand name and maintain listing in SGX lor......
Anyway saw a report in Bloomberg that the commodity rally is coming to an end lor....a few weeks back. And so accurate that crude is falling now leh.....
Why they say so ? PRC has been buying up all the commodities since Q4'08.......and it is fast reaching its reserve limit.....and the economy is only 'like that'....
Hope it is not another lousy second half......so hard to get profit this month.....
AK_Francis ( Date: 12-Jul-2009 15:42) Posted:
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The name, SPC may gone into history after 7 Aug 09, when PetrolChina Int(S) Pte Ltd with total contro of SPC. To hv suggest new name competition?
No need lah, use CPS, d reverse, China Petrol S( for Spore). Just to shift the logo of SPC to CPS, save huge money for d new title at d kioks.
Andrew ( Date: 12-Jul-2009 00:48) Posted:
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AK_Francis ( Date: 12-Jul-2009 00:19) Posted:
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teeth53 ( Date: 11-Jul-2009 15:55) Posted:
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The reason that oil price swings are more extreme than the swings in the stock market is due to the heavy participation in the oil market by speculators, according to Cordier. "This (recent) rally to $75 was extremely speculative," said Cordier. "It was based on green shoots -- it was based on feeling that the economy was going to recover."
teeth53 tot: ONLY a very smallest drop, it fallen by ONI S$0.005 cent in pump price as compare with....OIL 0.52 -0.86% US$59.66 has fallen by US$15 or more. The drop is quite significant.
Crude OIL off December 08 lows is below $33 a barrel...given that sooo..badly painted incident of the worst kind in US economy, personnally. I can never see another lower crude oil prices lower then that and pump price will NOT be that low, so is our electricity power supply bill. Let watch...another worst of d worst recession coming ??, at USD $10
syrix11 ( Date: 09-Jul-2009 09:31) Posted:
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Most people will dream of this value.......dreams may come true....
Hulumas ( Date: 09-Jul-2009 11:03) Posted:
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niuyear ( Date: 07-Jul-2009 23:07) Posted:
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however, our DEAR petrol co have not reduce pump prices... ***SIGH***
teeth53 ( Date: 08-Jul-2009 23:37) Posted:
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Oil prices has fallen by >US$2/- and is closing in fast on US$60 dollars. OIL $2.01ct -3.19% US$60.92ct
(money.cnn.com) >US$60.00 seem coming...^_^
Oil falls on recovery fears http://money.cnn.com/2009/07/07/markets/oil.reut/index.htm
Economic recovery woes and talks of a possible second stimulus package push crude futures lower.
"The worries are that the pace of the economic recovery hasn't materialized the way that people who plunged into the commodity markets thought, and now they are running for the exits," said Gene McGillian, an analyst at Tradition Energy in Stamford, Conn. "The question is how far they will run." so far... OIL 0.78 -1.24% $62.15 then again has fallen close to US$62
Oil trader. Anthony Grisanti says crude prices will continue to fall as long as the economy sheds jobs. Job losses sink oil prices.
teeth53 ( Date: 07-Jul-2009 21:25) Posted:
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Ha ha, strange pheno on d performance on SPC lately, despite d great fluctuation of CO over d weeks.
For d last couples of week, d px of SPC was loitering bt 6.19-6.21. Ha ha, today it firmed 3 cts to 6.24, another cent more to match d acc px of 6.25 /sh which CAO bought over d entire holding stake of SPC fr KepCorp's holding on 23 May 09.
Many MFTs n brokers hinted that there would be impending mandatory buying over of All d SPC sh fr current holders. But no date was given as tibs.
SPC 1H mtg norm conducted end of Jul and subsequently announcing hefty div and pay out in mid Aug, d following mth.
If CAO mandatory buy over all d SPC shares before d mtg, ha ha, d intangible benefit is great, as they no need to cough out extra cash for d div payout. AK guesses only loh.
On the other hand, most of d investors believe that d complete buying over action is unavoidable. If they got plenty of cash, they could acc ds burger when it was ard 6.20, and anticipate d mandatory buying over px of 6.25, to make coffee money. Another day dream only fr AK.
This time rnd, its not AK norm, only keeping few, at $6.10, to test market. If that can last till div payout day, thats d bonus. Cheers.
oil price game over,,,,,,,,,,,,,,,,,