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6781-6800 of 6935
Refinery shutdown over and going to start production soon. The only refinery to time the shut down perfectly with drop in oil product price
Hi luvbugz,
I think it might be an upward trend. 60% chance of that happening, I reckon...
I think it might be an upward trend. 60% chance of that happening, I reckon...
Hi chipchip,
sorry didn't look into MAE, not too sure abt this can't comment.
any one here like to give us some input?
sorry didn't look into MAE, not too sure abt this can't comment.
any one here like to give us some input?
Hey yong Jiiu, i think got i sesdaq counter also into Bio-fuel. I think it is MAE engineering? What about that counter?
Hi chipchip66,
Yeah, I'm eye on Bio-diesel like Wilmar at the moment..
but still not too sure if I wanna dive in now due to lack of knowledge in this field... and it involve policy risk where most of the plant is in Indonesia.
Yeah, I'm eye on Bio-diesel like Wilmar at the moment..
but still not too sure if I wanna dive in now due to lack of knowledge in this field... and it involve policy risk where most of the plant is in Indonesia.
Looking at YongJiu's post, I think it is time SPC should invest in alternative energy resources like buying into companies dealing in Bio-diesl or something. Oil exploration is tedious work and may not guarantee black gold.
SINGAPORE (XFN-ASIA) - Singapore Petroleum
Co Ltd (SPC) said it will abandon exploration activities at the
Wortel-2 appraisal well, part of the Sampang production sharing
contract in Indonesia, after the drill stem test did not recover
significant hydrocarbons.
SPC holds a 36 pct stake in the oil discovery contract, which it is jointly exploring with partners Santos Ltd, Cue Energy and PT Petrogras.
"There are plans for further appraisal drilling, including a third well, Wortel-3 appraisal well, to determine the full potential of the Wortel gas discovery, subject to partners' and governmental approval and rig availability," the company said in a statement.
SPC holds a 36 pct stake in the oil discovery contract, which it is jointly exploring with partners Santos Ltd, Cue Energy and PT Petrogras.
"There are plans for further appraisal drilling, including a third well, Wortel-3 appraisal well, to determine the full potential of the Wortel gas discovery, subject to partners' and governmental approval and rig availability," the company said in a statement.
hi singaporegal
as for sudden price change, do u think it'll head north or south?
The United States general elections of 2006 will be held on Tuesday, November 7, 2006.
So we should see oil price staying low to make peoples happy happy right =)
So we should see oil price staying low to make peoples happy happy right =)
SPC is rather closely correlated to oil price. When oil price is up, SPC ever exceeds $5. When oil price is down, SPC goes south too...
Looks to me like still trending in a downtrend price channel. Unless it can cross $4.85 convincingly, otherwise it may move towards $4.50 again.
Sudden price changes may be occuring soon. Bollinger bands pretty tight now.
Read this in one of the CNN site.
Quote:
Oil prices may back off from current highs, but the era of cheap energy is over. Oil sold for less than $20 a barrel for 11 of the 15 years from 1986 to 2000. Most economists today would breathe a sigh of relief if the price settled around $45. So oil and gas companies will likely enjoy a favorable market over the next 20 or 30 years.
then for sure this formula is working =)
BTW..my definition of long term is min. 5 yrs and beyong.
You can buy at any price if you are aiming for long term investment. I use the cost averaging method and so far it works well for me with an average of 9% returns.
ya, but the question is at what price =P
Long term wise, this counter is a must BUY.
OPEC will cut production by 1 mln barrels per day. That means SPC will probably go north tomorrow!
thanks for your advices...
hehe will keep one side first =)
hehe will keep one side first =)