SPC   

SPC

Wait a few trading days, I think SPC may be uptrending again

 

This is one really good stock to demonstrate to us that even in a very strong bull market, a stock can be trending down.

In this case, holding-type investors would have been holding from 6.00 till today, and to all appearances, the downtrend is showing no signs of ending.

 

Any idea why its warrant  SPC DB eCW070305 is down?

can singaporegal do a TA on this warrant?

 

So that it can buy more of its share, thus boosting the price even further up....

 

Any comments? I see it as a cash inflow

DIVESTMENT OF INTEREST IN JOINT VENTURE COMPANY

SINGAPORE, 15 DECEMBER 2006 ? The Board of Directors of Singapore Petroleum Company Limited ("SPC") wishes to advise that its wholly-owned subsidiary, Singapore Petroleum (China) Private Limited (?SP China?), and its joint venture partner, Jiangmen City Gas Corporation (?JCGC?), have each sold their 50% interest in Jiangmen City Sinjiang Gas Co. Ltd (?Sinjiang?) to Zhuhai Gas Co. Ltd for a total cash consideration of RMB57.8 million (?Share Sale?), approximately equivalent to $11.6 million (?Purchase Price?). SPC?s share would be 50% of the Purchase Price which is about $5.8 million. The Purchase Price is subject to working capital and regulatory adjustments and was arrived at on a willing buyer and willing seller basis, in accordance with applicable laws and regulations. The Share Sale is expected to be completed in the first quarter of 2007.? The Board of Directors of Singapore Petroleum Company Limited ("SPC") wishes to advise that its wholly-owned subsidiary, Singapore Petroleum (China) Private Limited (?SP China?), and its joint venture partner, Jiangmen City Gas Corporation (?JCGC?), have each sold their 50% interest in Jiangmen City Sinjiang Gas Co. Ltd (?Sinjiang?) to Zhuhai Gas Co. Ltd for a total cash consideration of RMB57.8 million (?Share Sale?), approximately equivalent to $11.6 million (?Purchase Price?). SPC?s share would be 50% of the Purchase Price which is about $5.8 million. The Purchase Price is subject to working capital and regulatory adjustments and was arrived at on a willing buyer and willing seller basis, in accordance with applicable laws and regulations. The Share Sale is expected to be completed in the first quarter of 2007.

 

giantlow... I am referring to global warming... :)

 

yeah that true, take example in 2004 euro is experiencing an extreme hot summer then it follow by extreme long cold winter with thick snow fall around Feb 2005.

All we can said is, global warming effect does disturb the pattern of the season change.

 

Not realli true iPunter. Weather patterns will get more erractic. There might be harsher & longer winters too.

 

that's rather sad... and with the Artic fast disappearing and all that...  soon there'll be no winter to look forward to, only colder months.

 

Traditionally countries in Scandivania Europe would have entered deep winter by now. It would normally start snowing by the 1st week of Nov. Latest by mid Nov (fr experience having lived there for 4 years). Just met a friend who visited Sgp from Stockholm, and received an email from another friend from Helsinki. Coincidentally both lamented that it has been a 'hot' winter so far. They both attributed the 'hot' winter to a sick 'mother earth'.

So they are not sure if the cold front would ever arrive this year. It's already mid December!

 

This may be true...

Don't ever "believe" anything about the market... let the market decide what you should "believe".

But if you don't believe the market, it can once in a while show you some "miracles"... 

 

Yup. Thats what my friend said $40 per barrel is more than enough for a healthy profit margin.

I was asking him about whether I should be concerned about the current oversupply of crude oil in the mkt now.

He said while that it may be true, but there is shortage of refined oil or other processed oil products

 

It is a valid point. High persistent energy cost will lead to inflation and higher interest rate, and brings about a collapse of the stock markets. Ever talked to someone in oil business, though his co. will make more money when the oil price is higher, he prefers to see a sustainable lower oil prices. According to him, $40 a barrel is good enough to keep their busy going and profitable.

 

I have this feeling that the rise of oil-related shares will bring down the overall whole mkt. I see that coming in late Jan 07

 

I also believe so.

 

cold current is coming soon, so weather will be getting cloder soon!!!
then this counter will soar high!!

 

Share Buy-Back Authority; maximum number of shares authorised for purchase* 51,481,235  
Cummulative no. of shares purchased to-date= 1,520,000 
A lot more to go...

http://info.sgx.com/webcorannc.nsf/560dd4b031b97d27482571b20043d38c/5a6e6f5d8692d3ed4825724400377b9e?OpenDocument

 

12/14/2006 SGX SPORE PETROLEUM CO LTD: Daily Share Buy-Back Notice

It does support the price, now back to 4.4

 

looks like oil price needs to go back to US$65 or more for this stocks to be back in play.  SPC is already in regional exploration ....be patience and we will see the push soon....

 

Agree! Oil prices will surely rise with time as oil exploration becomes more and more difficult.