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i dont care what news. i just want SPC to fall big time.
i divested SPC at 5.80 to concentrate on my studies, in the end still always check market. now i just wanna reload my 10 lots or more.
btw some news from Bunker Bulletin today which may translate into good refining margins for SPC
Bunker & cargo markets
Record July retroactive price
Japan's benchmark bunker price up 8.1% month-on-month.
Strike shuts down South Africa's biggest refinery
Durban bunker supply not affected much despite 'curtailed' dispensing, while Cape Town MGO situation still uncertain.
excellent day today!
i just got back from school! SPC fell to 5.650, chances to accumulate appearing soon, especially for guys with dividends.
thank god.
some BBs are definately manipulating this stock (and perhaps slowly accumulating)... but for the long term folks do not panic this is excellent time to pick up shares... dont say I didnt tell you...
good work Kilroy...
when it goes down to 5.5, 5.25, and 4.8 I really ho sei liao.......
*wink*
Another long bearish candle. Here's the interim test of 5.50SGD coming up but the real test @ 5.25SGD.
chanting .. 4.80, 4.80, 4.80, 4,80 .. chanting.
Singapore Petroleum Company has upped its stake in Australia's Cue Energy Resources to 6.75 per cent and had informal talks with the company on how they can better cooperate on upstream exploration and production projects. 'It's not a takeover,' an SPC source said after reports from Sydney yesterday that said Cue had received 'an informal approach' from SPC. The reports suggested a possible merger of some or all of the companies' assets. SPC said on Friday that it had raised its shareholding in Cue to 6.75 per cent by buying 8,570,295 Cue shares on the open market between July 27 and Aug 3. It said the shares were bought for investment purposes at an average price of A$0.2176 apiece, for a total of A$1.86 million (S$2.41 million). The move followed SPC's A$6.49 million purchase of a 5.38 per cent stake in Cue last month, also for investment purposes. Cue is one of SPC's partners in Indonesia's Oyong field, which is expected to start producing oil next month. The two also have operations in Australia's Bass Basin.
Singapore Petroleum Company said yesterday it has gained a foothold in China's oil and gas market through its first exploration and production (E&P) project there. The Singapore company has acquired 100 per cent of a 4,961 sq km offshore block in the Pearl River Mouth Basin, where it will search for oil and gas under a production sharing contract (PSC) with China National Offshore Oil Corporation CNOOC). Block 26/18 is 150 km offshore, where SPC will conduct seismic surveys and exploration drilling in water 85-200 metres deep. SPC did not say how much the rights cost. But it is understood the company is committed to spend a set amount on surveys and drilling. If oil and/or gas is found in commercial quantity, state-owned CNOOC has the right to 'farm-in' or participate up to an interest of 51 per cent. 'We are very pleased to build an alliance with CNOOC for this foothold in China's large oil and gas market,' said SPC chief executive Koh Ban Heng.
Will see it trading at around $6.00 for today.
Generally the whole market is very caution.
STI up by slightly 20 pts only. Need time for the confident to recover.
SPC clinched its first oil/gas exploration and production project in China under a sharing contract with CNOOC by acquiring 100% of a 4,961sq
km block off the Pearl River Basin. It has also raised its stake in Australia?s Cue Energy Resources to 6.75% for A$1.86m.
onefour02,
wow wow....pls mind your manners...as this is a forum...wat warrant u the right to "shut" me up? must be loosing $$$ in this mkt...haha...cant take the heat? GET OUT OF THE KITCHEN :)
yes...pls short SPC to <$5 for me to pickup...hee....
shut up nicky!
i'm so happy STI fell to below 3300 points today!
hopefully SPC can fall more to let fellow shareholders make good use of the dividends!