SPC   

SPC

SPC cheong up ?? can sustain ? hee...as i said earlier..closer to 27th Apr AGM meeting...share price movement will move up in tandem :P

 

EastonBay,

Old news....reported yesterday....

 

Singapore Petroleum Co, 49% owned by Keppel Corp, has entered its first oil and gas exploration joint venture in Australia. It has been awarded a permit for Block T06-3 in the Bass Basin, off the southern state of Victoria, with partners Tap Oil and Jubliant Energy. CIMB-GK Daybreak., 49% owned by Keppel Corp, has entered its first oil and gas exploration joint venture in Australia. It has been awarded a permit for Block T06-3 in the Bass Basin, off the southern state of Victoria, with partners Tap Oil and Jubliant Energy. CIMB-GK Daybreak.

 

yup yup yup.

i agree. what matters most is that at the end of the day, u are winning more and u are healthy to enjoy the fruits of your labour.

yum seng pple!!!

 

Its about time... the moving is starting soon. :)

 

giantlow

if i tell u my hard luck stories involving shares u will probably cry.This is life,u win some u loose some.

Cheer up.

 

giantlow,

Sorry, it was not meant to hurt you but just sharing our thoughts and opinions.

 

GRRR!!!!

Yup. I am hurt. = (

hahaha. CNY period. must be happy! = )

 

geojam,

I tend to agree with you.

Because I decided not to get involved in these 'European Call Warrants', I do not have a good understanding the intricacies of it. But, I do recall, when I considered in sometime back......and looked at the 'mechanism' of it, I felt it is an instrument that can easily be manipulated by the BBs....especially the issuer or the warrants.

My broker also told me, he has observed that close to the expiry of the warrants, there is alot of 'play' by the BBs to steer the pricing advantageous to them.

 

arrghh...i cant short or contra much on this counter !!

hee...i will try Genting...seems tempting now :P

 

Giantlow,it may hurt u but i got a feeling that SPC will move up AFTER 5 march.

just my tot.

 

GIC or Temasek can be quite a bully leh.

I remember monitoring SMRT shares closely some time ago. The TA and FA wise was good. But then Temsek decided to pare down its holdings.
Wah Cow and Chicken. SMRT prices drop drastically man. The official reason given by Temasek is that they wish to realise the investments gains and want to inject liquidity for this counter into the mkt. #?><@#%@!$

luckily, i wasn;t caught then man.

 

Thanks Giantlow

i will heed ur advise.

if timing is good,ithink it will be ex on 27/4/07,I hope to sell it b4 ex.

I bot at 440,my breakeven is like 444 or 445?We will see how it go b4 ex.

having said the above,i also have good faith in so call GIC or temasek related shares.

Cheers

 

uncle geojam...

actually, i am quite bearish on SPC leh after monitoring this counter since mid last year. going forward, it is good that SPC is moving more toward oil exploration, however i expect its refining margins to be severely affected by new refineries coming up. if u are bullish about the oil sector, u would be better off with KS Energy or some Rig Building Co. SPC is not a good proxy to the oil prices leh.


I am just holding the SPC warrants which expire on 5th March. Hopefully, there will be a big sudden rise before it tapers down again.

 

 this is what is happening to the stock... it got to get past 4.60 but some big boy (DB?) is blocking... and it looks like he is not going to let it happen...

 

dear Giantlow, it looks like SPC for us means Si Peh Charm...     %-[   ('@') 

 

[15:26 US TECHS: Commodities Outlook; Gold and Oil] Boston, February 21. 
Yesterday"s sizable break in [gold] slightly penetrated rising channels dating from late January that are about $19 in width.  The market closed right on the lower channel line and is back above with today"s rebound.  Weekly bullish trend models stay that way at or above $664 come Friday.  The break did confirm the market"s weakening momentum condition, but is of little concern on longer-term charts, which remain bullish.  Still, a firm break past $680 is needed to put mid-July peaks from last year behind us in order to aim for last May"s peaks around $730.  On a larger correction, either side of $645 should find buyers at measured retracements and key moving averages.
The dilemma for [oil] is to gauge at what point it will break out of February"s relatively limited range.  Up- and downside spikes set the past two weeks have not seen follow through in either direction, and the market has broad daily envelope support for Apr futures in the $56-58 zone.  Measured targets noted previously are at $55.50-56.50 Apr. Trend Intensity readings keep falling, indicating the market is closer to initiating a larger directional move.  The $60 Apr area stands out on daily and weekly charts as firm resistance.  Technically, bears remain favored but don"t have much to show for their efforts in recent weeks.  Joel.Marver@thomson.com               

 

Caution on SPC... I see either stagnation or slight downtrending

 

giantlow,

2Q07 results?....no news yet...but I guess will be around end July...but before mid Aug. 2Q 06 results was released on 26 uly 06.

 

shplayer..

when will the result be out?