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Besides, with so much dollar created, energy price will move higher.
Business Times 31 October 2008
Output from the world's oilfields is declining faster than previously thought.IEA which studies the biggest fields, showed that without extra investment to raise production, the natural annual rate of output decline was 9.1%.
In the annual World Energy Outlook report, the report suggested the world would struggle to produce enough oil to make up for steep declines in existing fields, such as those in the North Sea, Russia and Alaska and to meet long term demand.
It forecast that China, India and other developing countries demand would require invesments of US$360 billion each year until 2030.
"The future rate of decline in output from production oilfields as they mature is the single most important determinant of the amount of new capacity that will need to be built globally to meet demand"
IEA reported
IEA reported
Back in 2004 I was already reading about China's increasing demand for energy. What followed from 2004 to 2007 was the oil boom. With some background knowledge, you are 1 step ahead.
Too much mention about speculation in oil price when the fundamental problem is that oil is slowly but surely running out
iPunter ( Date: 31-Oct-2008 04:50) Posted:
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Firstly if you wish to get dividend, buy the stock 2 weeks before ex dividend.
This present global credit crisis could actually be a set up for the energy crisis. When economy is slowing down and when funds are not easily available, companies and countries might not want to invest. When the global economy recovers, it could very well be too late.The infrastructures required take years to get ready
AK_Francis ( Date: 31-Oct-2008 00:18) Posted:
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If still giving div , @ current price ~ $2 , can grab some or not ?
jackjames ( Date: 31-Oct-2008 06:38) Posted:
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of course, they will give as usual in May.. they need not to tell you now la... during the 1Q results 2009 announce also not too late what.. don't gam chong.
leong3k ( Date: 30-Oct-2008 23:26) Posted:
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Article by themselves don't really give any clue as to market direvtion...
It is only opinion influencing opinion ... a la analysts reports...
What is more important is actual market direction... 
dun worry, CO crisis??? Commods are behind the secence. Not much impact.
Livermore ( Date: 30-Oct-2008 22:10) Posted:
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SPC next year still give div ?
Hope you read about an article in today's business times on world's oil output falling sharply. If no action is done, a potential oil crisis in future is very real indeed. The other crisis are food and climate change.
When the world finally realises, it could well be too late and just like in this present credit crisis
End Dec is winter season and possible oil demand. Think carefully if you wish to short. Don't anticipate but see the chart
lookcc ( Date: 30-Oct-2008 20:52) Posted:
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agree with livermore, abit risky to short spc now.. better stay clear for now
You can't short a stock without looking at chart. It is risky.
Too late to short
Livermore ( Date: 28-Oct-2008 22:43) Posted:
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$1 most likely not possible from now till end nov, [ worse still ] mayb until end dec...........tis counter not wise to short 4 at least until end nov.
$1 is not impossible....if sti at 1200 n c/o px $50/barrel.
leong3k ( Date: 29-Oct-2008 00:00) Posted:
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iran established a military base on the straits of hormuz [a vital middle eastern waterway] which carries abt 20% of world oil to western europe, usa n asia....oil then shot up in july partially due to fear that iran may put mines or blockade the straits if it came into conflict with usa or israel.[tis is written by kenneth musante n published at 12.00 pm [ET] in cnnmoney.com in new york....not good news 4 shorting spc.
Check with the CO price b4 u can do anything???? For ref, last CO price Dec future, 63.22. Wake up before 8am tomorrow and see tele text page 221 world business for details.
If it goes lower, wait loh, dun grab early the morning. Moreover, 2morrow is Wed n following Thu n Fri.
It look like quite impossible to reach $1.Grab few lot's 2moro b4 it shoot to $2..
one director bought 2day from open market but only 10 lots.