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SPC

great post 007.. in short it means SPC orders will be very tight and good position to negotiate higher refinery margins & max production efficiencies for at least the next six months:  which means excellent profits for year 2007... 

 

Last week?s petroleum status report showed that US refineries were still operating below 90 percent of capacity rather that at the 95 percent or above that was common at this time of year before the hurricanes. Despite the lower utilization, improvements to refineries have resulted in increased US gasoline production which averaged 8.81 million b/d during April.
Reports of further refinery outages during the week, however, suggest that the US will have to maintain imports on the order of the 1.5 million b/d that was achieved the week before, if we are to avoid shortages later this summer. High gasoline prices on the west coast are still attracting gasoline shipments from South Korea, Taiwan and Singapore, but, the now restored, partial shutdown of ExxonMobil?s 300,000 b/d refinery in Singapore suggests that shipments to the US will be lower in May than in April.

Prospects for gasoline imports to the US?s east coast may not be good either. Reuters reports that the number of transatlantic gasoline cargos will fall by about a quarter this month. Not only is the gasoline situation in Europe becoming tight, but the US must also compete with Middle East and West Africa for gasoline shipments.
Developments during the past week continue to indicate that the US will see still higher gasoline prices and possibly shortages in the weeks ahead.

 

Interpreting the oil reserve figures is a lot more complex. Many of the sudden hike in amount are unexplained. The figures are largely manipulated for various reasons. Many of these figure are largely overestimated, there is little truth to these oil reserves estimates.

 

aiyah 1402... big salah liao... i am certainly not a IT professional... and btw quite a number of the folks here are accountants...

and what is your point re the tables below??

re water spout...

 

 

chinkiasu, no need to read, i straight away guess IT professionals, the forums are filled with IT professionals, full time investors, retirees and students.

 

dont think i will post the link here. the administor here damn power. everytime i post links. kanna removed.

 

ppl at stomp.com.sg call it a watersprout

 

007.pic of a twister..  ? how about sharing this on this thread?

dear idesa168, we are no gurus (certainly not me), just fellow forumners like you believing we can make some cash to have financial independence... and that by sharing we help each other ride the surf created by the BBs in this stockmarket ocean....  in this way, we combine our reseach.. and make available things that the BBs use to have advantage over us....

and 1402, my occupation really irrelevant, but if you really like to know pls read my posts ... 

 

I just got an email of a twister taken from Concourse!

 

yar it was all over the other forum very early this morning.

 

Have anyone of you knew about the error this morning in DBS counter. One joker sold his shares at $0.27 and the best part of it, there is buyer buying in. Instant millionaire! I shd be there this morning...don't need to see SPC anymore! That broker must be fired by now!

 

most of us here are probably aware that refinery margins are going up, but what do other ppl think? do other ppl just buy without research and only when oil prices go up?

the newspapers also dont have headlines going "Refinery Margins Up". must be really wait for spike in oil prices or another good research report to push the share price up?

or are you guys just waiting patiently for the annual dividends and increasing NAV as every year pass?

 

chinkiasu, why do u say u tired of chasing sembmar and sembcorp, price rise too fast liao?

 

wahlao i tio bian, tot got new discovery, at least now i have heard of oil sands and the environmental damage.

 

 

Thanks 007 and CKS. I am only vested with oil early this year. I am still catching up with such news regardless it's old news. I am a little concern when I read about these last night as I am going to keep SPC as a long term investment. Hope all these has already factored in as CKS said and will not dampen SPC future outlook. Cheers. It's always nice to have gurus like you all in the forum.

 

alamak, I am tired of chasing for Sembcorp and Sembmarine.. so I am vesting more in SPC... the gasoline prices are at record prices so much so that the Florida Governor is making a lot of noise lately...

 

Dear idesa168

This info is not new...  and all oil prices etc factored long ago in already... however fyi, oil sands are found in three places in Alberta - the Athabasca, Peace River and Cold Lake regions - and cover a total of nearly 140,200* square kilometres. pls see http://www.energy.gov.ab.ca/docs/oil/pdfs/AB_OilReserves.pdf

 

 

 

Oil sand has been around for quite a while and became feasible with high crude price. Oil sand is just another indication that there is less and less source for easy oil. Oil sand creates an environmental hazard. They chop off all the trees and turns the place into barren land. Some analyst put overly optimistic forecast on expansion of oil sand production. In actual fact, oil sand requires lots of precious water.

Global crude supply is sufficient to meet demand. However there is now less sweet crude than before. Thus with when you see problems coming from Nigeria or Iran, Brent crude shoots up. Global refinery business is good at this moment and is experience high refining margin.

 

wow new news. is there any big hooha on oil sands at any website?