Sakari   

Straits Asia

U are very brave.

 

playing contra for this counter..

thomas_low      ( Date: 26-Jun-2009 11:08) Posted: Be patient, some of us are suppresing this counter, once the resistance is broken it will catapault. Have faith...Richie doing a good job on his chart...

 

Be patient, some of us are suppresing this counter, once the resistance is broken it will catapault. Have faith...Richie doing a good job on his chart...

 

not moving much these 3 days...

 

No offend my friend. Agreed this is a long term energy commodities stock with reasonably nice returns. I was juz curious why you mentioned SAR with cheong yest as energy commodities is taking a break.

cheongwee      ( Date: 25-Jun-2009 19:55) Posted: becos, it is just plain prediction...but i know this one deliver, stay vested, dont sell cheap.. oil and commoidties will be head up till end summer...i believe ion HS Dent..he say so..so far he is spot on.. solar2008      ( Date: 25-Jun-2009 08:29) Posted: Cheong said will cheong tomolo but interested to know how he arrives with the prediction. China os the largest consumer for commodites already stockup enough inventory for  3~4mths demand. Meaning all commodites related will remain stagant for the till Sept-Oct. Furthermore, they also restrict export of  raw material to many countries  that many feel is against WTO regulation.

 

Below is my TA analysis on SAR, I maybe right or wrong, so dyodd.

 

thanks thomas,, i do appreciate your reply...so how much do u thk this counter is worth currently..if it is the same valuation as it competitor...i know there are not sure thing and will have respect for discalimer...and do my DYODD

thomas_low      ( Date: 26-Jun-2009 00:34) Posted: Yup yesterday STI went up SAR closes up little but intraday also not too exciting. See the attached evaluation then decide yourself, I am loading anything less then 1.7, may not be able to get it but I am kiasu so queue already. Dow was down when I wrote, maynot be able to get dip. If you think there is anything in the rumours bet your coffee money. In the past intraday fluctuation is almost 10 cents, now 5 cents fluctuation consider lucky. http://www.infinancials.com/en/market%20valuation,Straits%20Asia%20Resources%20Ltd.,32079AA.html

 

Yup yesterday STI went up SAR closes up little but intraday also not too exciting. See the attached evaluation then decide yourself, I am loading anything less then 1.7, may not be able to get it but I am kiasu so queue already. Dow was down when I wrote, maynot be able to get dip. If you think there is anything in the rumours bet your coffee money.

In the past intraday fluctuation is almost 10 cents, now 5 cents fluctuation consider lucky.

http://www.infinancials.com/en/market%20valuation,Straits%20Asia%20Resources%20Ltd.,32079AA.html

 

 

dow is up, what px do yu want to buy???can pls share..

for me i like to buy up..since 96.5c..and some 12 short term trede..with one lose...and this one still holding...look like one more win for me..

thomas_low      ( Date: 25-Jun-2009 21:48) Posted: Buying opportunity tomorrow, collect when dip, energy will cheong, even my todler know that, no need to quote any guru, Coal will be much cheaper than burning oil to power our air-con. In one way oil and coal are linked on the other they are not, quality also differs. SAR cheong because it is still under valued significantly, blur blur people follow North America coal futures, we should be following ICE. Watch out for Indian Coal buying foreign coal company.. c below NTPC, Coal India to buy mining assets overseas 24 Jun 2009, 0118 hrs IST, Pradeep Pandey, ET Bureau. While NTPC is focussing on Mozambique and Indonesia, Coal India is all set to sign a joint venture agreement with the Mozambique government and has also shortlisted mining firms in Australia and Indonesia, according to top executives from the two companies. Speaking to ET, Coal India chairman Partha S Bhattacharyya said: “We hope to finalise our overseas expansion deals in Mozambique. Indonesia next??

 

Buying opportunity tomorrow, collect when dip, energy will cheong, even my todler know that, no need to quote any guru, Coal will be much cheaper than burning oil to power our air-con. In one way oil and coal are linked on the other they are not, quality also differs. SAR cheong because it is still under valued significantly, blur blur people follow North America coal futures, we should be following ICE. Watch out for Indian Coal buying foreign coal company.. c below

NTPC, Coal India to buy mining assets overseas 24 Jun 2009, 0118 hrs IST, Pradeep Pandey, ET Bureau.

While NTPC is focussing on Mozambique and Indonesia, Coal India is all set to sign a joint venture agreement with the Mozambique government and has also shortlisted mining firms in Australia and Indonesia, according to top executives from the two companies.

Speaking to ET, Coal India chairman Partha S Bhattacharyya said: “We hope to finalise our overseas expansion deals in Mozambique.

Indonesia next??

 

becos, it is just plain prediction...but i know this one deliver, stay vested, dont sell cheap..

oil and commoidties will be head up till end summer...i believe ion HS Dent..he say so..so far he is spot on..

solar2008      ( Date: 25-Jun-2009 08:29) Posted: Cheong said will cheong tomolo but interested to know how he arrives with the prediction. China os the largest consumer for commodites already stockup enough inventory for  3~4mths demand. Meaning all commodites related will remain stagant for the till Sept-Oct. Furthermore, they also restrict export of  raw material to many countries  that many feel is against WTO regulation.

 

OIL 68.9 0.23 +0.33%

GAS 1.8548 0.0123 +0.67%

Nat Gas 3.775 0.014 +0.37%

Gold 935.8 1.40 +0.15%

SILVER 1395.0 4.00 +0.29

 

Saudi state oil giant Aramco is shifting its exploration and production focus to gas to meet rapidly rising domestic demand as its program to expand oil capacity comes to a close.

Falling global oil consumption has left the kingdom sitting on its biggest supply cushion in years and allowed it to shift attention from oil to booming gas demand at home.

"There will be more gas developments," a senior source at Aramco told Reuters. "We are expanding gas activity and we are slowing down oil."

Saudi gas demand has risen with an economic boom financed by record crude export revenues as the oil price rallied from 2002 to 2008.

Economic momentum continues, despite lower oil prices, as the kingdom presses ahead with projects to diversify away from dependence on crude sales revenue.

"Gas is a high priority as it is used to fire power plants, to desalinate water and as a feedstock for petrochemicals," said Sadad al-Husseini, a former top executive at Aramco.

Annual gas demand in the world's top oil exporter is growing at 7 percent per year.

Demand was around 7.5 billion cubic feet per day (cfd) last year, estimated Siamak Adibi, senior Middle East consultant for FACTS Global Energy.

"There is a real challenge to meet domestic market needs," he said. "Demand is growing day by day. Nearly half of Saudi gas is produced as a by-product of crude, so volumes fluctuate with oil output.”

Lower global demand has forced the kingdom to pump oil at the slowest rate for six years, so some gas supply has been lost. But drilling activity at gas fields was increasing even as oilfield work slows, sources said.

"There's increasing gas activity, more rigs are moving from oil to gas," one industry source in the kingdom said.

Aramco has accelerated the development of pure gas, or gas from fields not associated with oil. It plans to boost capacity to process that gas to 9 billion cfd by 2015, up from around 6.2 billion cfd now.

Aramco was considering programs for rapid development of pure gas at the Arabiyah and Hisbah fields. It began drilling at Karan last year, its first offshore pure gas project.

Empty Quarter, Empty Wells

Five years of gas exploration by international companies in partnership with Aramco in the vast desert of southeast Saudi Arabia, known as the empty quarter, have failed to find the gas needed to meet future demand.

In a rare opening for international firms, Aramco set up four consortia to drill for gas in the region in 2003-2004.

• Slideshow: The 10 Hottest Commodities of 2009

But gas sales terms were so poor that to make money the consortia needed to find condensates, which is light oil that forms when gas reaches the surface. The consortia had the right to sell condensates at market prices.

"That meant they weren't really drilling for gas," said one industry observer. "They drilled for condensates. And finding condensate-rich gas is much harder than finding dry gas."

Saudi Arabia has made it clear that balancing global oil markets is a priority, regardless of the challenges this throws up with gas supply at home. When it lacks gas for power plants, it burns oil products and crude.

Power plants on its west coast tend to burn liquid fuels, while those on the east coast burn gas.

"It's just a matter or optimization," said one Saudi industry insider.

Aramco completed most of the work on reaching its oil capacity target of 12.5 million bpd when it started up the Khurais oilfield in early June.

Spare capacity is 4.5 million bpd, more than double its target cushion of 1.5 million bpd to 2.0 million bpd to meet surprise global supply disruptions.

The next oilfield earmarked for development is Moneefa, but Oil Minister Ali al-Naimi has said that would go ahead only when global demand warranted. Work at Moneefa has slowed as the start date slips.

There are four rigs working onshore, less than a planned 15 rigs scheduled to be working at Moneefa by now under initial plans, an industry source said.

 

My view is that this guy will not cheong from now till Sept. Better not pay contra at this moment.   Too risky.  Tend to loss $$ if  play contra at this moment. Right now, the overall sentiment is not solid positive. Unless STI break 2400 then is a new chapter but now better stay sideline.Most of my stock were bought in Feb/Mar timeline as 'insider news' that many good news will be up ahead to booast the market sentiment to show that US govt mth of efforts are paying off and many investment house made tons of $$ from mar to may. I only keep BLUE chip for long term.  Will stay flat for the coming 3 mth ,that's my 2cents,starting from June. I may be wrong.

 

solar,

your view is also this will cheong rite? as mention, cheong said...

suggest for long term ot contra?

solar2008      ( Date: 25-Jun-2009 08:29) Posted: Cheong said will cheong tomolo but interested to know how he arrives with the prediction. China os the largest consumer for commodites already stockup enough inventory for  3~4mths demand. Meaning all commodites related will remain stagant for the till Sept-Oct. Furthermore, they also restrict export of  raw material to many countries  that many feel is against WTO regulation.

 

Cheong said will cheong tomolo but interested to know how he arrives with the prediction. China os the largest consumer for commodites already stockup enough inventory for  3~4mths demand. Meaning all commodites related will remain stagant for the till Sept-Oct. Furthermore, they also restrict export of  raw material to many countries  that many feel is against WTO regulation. 

 

It will go up as the energy price and steel demand. We are buying it for longer term future not for yesterday or tomorrow. So the funds will have a longer term view which changes the price significantly.

 

Based on what basis that it will soar?

 

oh...forgot to paste the chart..here is the chart..

http://finance.yahoo.com/echarts?s=AJ1.SI#chart5:symbol=aj1.si;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

cheongwee      ( Date: 24-Jun-2009 23:54) Posted: this one will soar tomolo...tomolo hope it can soar 10% over... all vested ..gd luck...look at the chart,look like if dow soar to 9800.ansd sti 2600 to 2800..me thk this one will be 2.5 to 3...just my forcast..DYODD

 

this one will soar tomolo...tomolo hope it can soar 10% over...

all vested ..gd luck...look at the chart,look like if dow soar to 9800.ansd sti 2600 to 2800..me thk this one will be 2.5 to 3...just my forcast..DYODD