Post Reply
5421-5440 of 6935
aiyah,,, big queue volume of 685,000 @ 4.48.. looks like got to wait for 2molo..
Hey giantlow,warrant hardly move...stressful...almost "in the money" liao
break even price is at $4.6,but the
Implied Volatility is weak..patience for a few more days...
very hard to hit $4.50.
yah loh... we will be dead by then..
however, BT annoucement last weekend should be good enough.... I think big boys playing to wait for minnows to chicken out.. they seem not in a hurry, but going for keppel corp the parent...
wah cow and chicken!!!!
cannot announcement in March lah.
my warrant contract due on 3rd March leh.
taking a break for all sellers/buyers to move to a higher level. oyong oil field results will be good to boost the share price, announcement i think is around march
yah loh.. they making me look like don quixote.... perhaps later in the day lets see....
SPC is damn quiet leh. wassup man? the big boys are playing a wait and see game.
perhaps they dont want to take thunder away from Santos..,
perhaps PR guy on leave,
perhaps they wait for Q1,
dont, know leh... but anyway chiong ah..!!!!!!
how come no news about the Oyong oil field on SPC website ah?
Crude surges on OPEC cut, cold weather
CRUDE oil has surged above $US59 a barrel in New York, the highest close this year, because of increasing fuel demand in the US and production cuts by the Organisation of Petroleum Exporting Countries.
Heating consumption in the US northeast would be 36 per cent above normal in the next week, Weather Derivatives, a forecaster in Missouri, said.
Government reports have shown that the US is growing at a moderate rate, which may boost fuel use. OPEC agreed to trim output by 500,000 barrels a day, starting at the weekend.
"Demand for transportation fuels in the US is robust and heating oil demand has picked up with the arrival of cold weather," said Antoine Halff, head of energy research at Fimat USA in New York. "On the supply front, there's growing anticipation of the OPEC cuts and the situation in a number of exporting countries is scary."
folks, i did a historical back check. When brent crude was about $57 in around Oct 19th 2006, the SPC price was traded at around $4.70.. therefore, I think given the favourable news below, we should be able to cross the $4.50 psychological barrier even today if brent crude stays above $57....
giantlow, I am with you .. chiong ah!!!!!!!
hi, all, I just managed to get into the BT link here is the article
|
Published February 2, 2007  |
|
SPC set to enjoy output from Oyong oil field By RONNIE LIM |
THE Oyong oil and gas field in Indonesia is set to start producing soon, says operator Santos Ltd - which is good news for Singapore Petroleum Company.
SPC has a 36 per cent stake in Oyong, which will be its second producing field and should easily triple its crude production of 2,540 barrels per day (bpd).
Santos, Australia's third-biggest oil and gas producer, has a 40.5 per cent stake in Oyong and in its just-released Q4 2006 report said that the development phase at Oyong was 95 per cent complete at the end of Q4. All development drilling has been completed and a floating storage and off-take vessel is on location at the field, it said. 'Following a re-tendering exercise, a contract for the leasing of a production barge has been awarded. Modifications are underway and the vessel is expected to be in position to meet the first oil date of Q2.'
This means the final hurdle for Oyong has been cleared, with production having been delayed almost a year-and-a-half due to problems the operator had in mobilising a barge amid the tight oil rig market.
SPC's only producing field right now is Kakap at West Natuna, which is giving it 2,540 bpd of crude.
Oyong's production target in the first oil phase was earlier reported at 10,000-20,000 bpd, which means SPC's share will work out to 3,600-7,200 bpd.
Keppel Corp, which has just reported its FY2006 results, said it is expanding its upstream activities through SPC by growing exploration and production acreage in Indonesia, Vietnam and Cambodia, and by unlocking value with its first development project - referring to Oyong.
Apart from oil, there will be a second gas phase at Oyong involving production of 24 million cu ft daily. On this, Santos said: 'Phase 2 gas production continues to be expected in H2. Front-end engineering design (FEED) work on onshore facilities is 80 per cent completed and FEED work on the pipeline continues.'
The gas will be piped onshore for customers.
hi all, as I suspected, at times like this TA cannot help.... we just have to make a decision ourselves... like giantlow, I say CHIONG!!!!!!!!
ASL Marine looks good too man.
thats where FA would have to lead the way. chiong ah!!!
Hi all,
TA signals are mixed for SPC now. Difficult to tell the trend.
I am expecting oil related stock to start its uptrend tomorrow. I intend to add some more of ASL Marine......
a 'surely will do this/that' is difficult to say, giantlow. i maintain the same thing i said last week/week before. it must break 4.50 to have a chance of going higher.
chinkiasu's post on buy up sell down is troubling tho. appears to be still institutional sell and retail buy; tho i don't have the breakdown so can't say for sure. singaporegal???
with oil prices reaching such high levels, i expect SPC to be able to close above at least $4.5 on Monday.
any views from elf, singaporegal, ipunter??
