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KS Energy Services Ltd announced that its wholly-owned subsidiary, Fischer Engineering Pte Ltd and other parties (Wartsila Singapore Pte Ltd and Ocean Tankers (Pte) Ltd) have reached a full and final confidential settlement, on a no-admission-of-liability basis, in respect of the Third Party Notice and the main action commenced by Ocean Tankers. Notices of discontinuance have been filed. The settlement is not expected to have a material impact on the consolidated net tangible assets per share or earnings per share of the company for the financial year ending 31 December 2011.
/sgx
another scandal..... after privatise two daughters and started in the red all the way !
wah!!!...what happened??
This morning, the U.S. Energy Department reported that domestic crude oil inventories fell by 3.3 million barrels from the previous week to 364.9 million. The drawdown was more aggressive than Street estimates of an 800,000- to 2.1-million-barrel decline, but milder than the 7.4-million-barrel decrease seen in an American Petroleum Institute survey.
Gasoline demand—at 9.1 million barrels a day—is 1.8 percent higher than this time last year. Daily distillate fuel consumption is up by 16.0 percent from year-ago levels to 4.1 million barrels.
Trading Week
Crude oil prices jumped 3.4 percent higher for the week ending Tuesday, accompanied by a 3.1 percent increase in gasoline and a 4.7 percent gain for heating oil. As a result, the distillate fuel premium expanded for refiners. This week, margins on gasoline-rich runs increased by 30 basis points (0.3 percent) to 9.8 percent, but distillate-heavy runs earned 11.7 percent, a 60 bps increase.
Technical Picture
Crude oil has rallied to challenge the highs set in May, but have dawdled over the past three trading sessions, awaiting fresh impetus. Prices for front-month December crude are at the top of their volatility band at the $87 level, but are well-supported at their 10-day moving average at $84.49 today.
If crude can establish itself firmly above $87.15, its next upside objective will be the $90.40 level, representing a 50 percent retracement of its precipitous 2008 slide.
Yesterday have close at $88.04, oil price seems to be on steam after the fall...
Started to move up, crude oil break the resistance of 8650, currently heading towards 8880. If the inventory report cause oil to further break the resistance ahead then, this stock should also be up,up and up....
Hi, what do you mean by con job ? Care to share ?
golfgila ( Date: 25-Aug-2010 15:06) Posted:
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This company, after consolidating SSH Corp and Aqua Terra into K.S Energy just went down stream.
Looks like a con job
Any comments on how this company is run ?
ya lo ! this one I sold at $1.4 many months back....
wah lao eh, what happen sia... few months never follow, now below $1 ???
KS Energy on down trend.
http://mystocksinvesting.com/singapore-stocks/ks-energy/ks-energy-down-trend-confirmed/
http://mystocksinvesting.com/singapore-stocks/ks-energy/ks-energy-down-trend-confirmed/
Maybe people see KS Energy will growth bigger after privatization ?? now got two BB left right each others !! interesting !
No leh, waiting for you to share what and how you derive yr buy signal.. But i already have 10 lots bought previously
wah lau , what happen to it sia ? anyone knows?
Hi Aircraft ,
Did you buy ?
aircraft ( Date: 20-Apr-2010 12:24) Posted:
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Anyone buy this ?? Yesterday already spotted buy signal ....
HI Aircraft ,
My MFT friend tell me one....
Hi des khor,
kindly share your buy signal. thks
KS Energy holding strong despite market corrected.... tempting to go in now as buy signal appear !
I think due to the married deal 2000lots@1.35.