SPC   

SPC

colorado,

These success/good news from the 'Upstream' activities will take at least 2-3 years before revenues can flow through. So, patience is the order for this stock in this case.

 

Thanks Nostradamus for your input.  Looking at the RSI which is flat and the Accumulation is downtrending.  Would you recommend a skip of this counter at the moment?

 

It is higher after the company reported that an Indonesian well it is jointly exploring with partners Santos, Cue Energy and PT Petrogras had tested positive for natural gas, dealers said.



The company said its Wortel-1 exploration well in the Sampang production sharing contract flowed gas at 18.5m cubic feet per day. The well also produced condensate.



"The results of Wortel-1 are encouraging, given that any gas resource at Wortel can be tied back to the existing Oyong oil and gas field quickly. Further appraisal is required to ascertain the potential resource in this field," said SPC's senior vice-president for exploration and production, Tony Tan.

 

Hi singaporegal,

thanks for the advice!

 

Hi shplayer,

I think you are learning very fast. Yes, I think a downtrend is more likely. However, if the Accumulation and Distribution AND the RSI are downtrending at the same time, there will be higher chance.

Regarding your question of the location of the bars with respect to the bands - if the bars cross the band... for example, if the bars exceed the upper band, then there is a higher chance that it will continue uptrending. Vice versa for the lower band.

 

Hi singaporegal,

Thanks for your reply.

The bands got tighter since 11 Aug. Since then, RSI has been flat or on a down trend. Acc/Dist was rising but turned sharply from 16 Aug. Will% has been down trending and is highly oversold.

From these indicators, my opinion is that the chances of a down trend is more likely. Is that a logical interpretation?

Furthermore, is there any significance if the bar chart between the bands closer to the top or bottom bands? Closer to the top indicates uptrend bias and vice versa? 

Thanks

 

Hi shplayer,

Tight bands mean impending explosive price movement. But the movement can be either upward or downward.

To check direction of possible movement, I use Accumulation/Distribution and RSI. In the case of SPC, there are signs of explosive price movement, but its hard to tell which way its going to happen.

 

singaporegal,

Yes, I observed the tight bands too. But, volume has been really low. Does this imply a sudden downtrend?

Thanks

 

I believe there will be a sudden price change soon. The Bollinger bands are really really tight.

 

SPC year end results will not be too far off from 2005 results. Take a good look at its p/e ratio though.

 

currently conslidating for a big move. thou look more bearish to me, but still worth punting when sign is more clear.

 

SPC HY 06 results will be released after trading hours today.

 

More refinery capacity squeeze.

July 25, 2006, 6.56 pm (Singapore time)

Oil holds above US$75 on Mideast, refinery outages Email this article Print article Feedback LONDON - Oil rose further above US$75 a barrel on Tuesday as dealers saw little hope for a quick end to the conflict in Lebanon and refinery outages threatened to tighten supplies in the midst of the US summer driving season. LONDON - Oil rose further above US$75 a barrel on Tuesday as dealers saw little hope for a quick end to the conflict in Lebanon and refinery outages threatened to tighten supplies in the midst of the US summer driving season. US crude for September rose 37 cents to US$75.42 a barrel by 0955 GMT, climbing for a third day, while London Brent crude gained 43 cents to US$75.04. The market remained on edge over worries that fighting between Israel and Lebanese Hizbollah guerrillas may become a prolonged conflict, increasing the risk that it could destabilise exports from major regional producers. US Secretary of State Condoleezza Rice has made clear she is not seeking a quick ceasefire and that any solution should address the root causes of the conflict -- for which Washington and Israel blame Hizbollah and its backers in Iran and Syria. Gains gathered pace after traders said a crude distillation unit at Venezuela's Amuay refinery -- part of the world's biggest refining complex and a top supplier of US gasoline imports -- will be shut for five to seven months following a fire last week. Hiccups at several US plants, forecasts for a tropical disturbance to form in the Gulf of Mexico in the next few days and news that Royal Dutch Shell had been forced to trim more output at its Nigerian Bonny oilfields added to the unease. -- REUTERS

 

WTE, WindTE, Great Yangtze River to energy, Ethanol to Bio-diesel.. replanting and.... will reap long term reward another word alot of renewable activities and $$$ is spend to re-energize up to a target of 20 % for China economic useage.

 

I think its price is heading south for a while. Its charts are starting to look that way to me.

 

With oil price getting so high and a huge emphasis on protecting mother earth, I think companies who are investing in bio-diesel and clean fuels should reap big rewards in the future

 

 

Squeeze in world refining capacity again???

http://www.nzherald.co.nz/section/story.cfm?c_id=3&ObjectID=10392310

 

Crude oil price may have shot up but gasoline price has also gone up!

Business times 17 July 06- "We are moving towards that perfect storm, especially with this latest rise in energy," Mr  Naroff, president and chief economist of Naroff Economic Advisers in Washington."I don't think it's yet a recipe for recession, though I will say US$100 a barrel, US$4 a gallon of gasoline - there's only so much you can cut."


When sentiments improve, oil related stocks should "fly"
 

 

Why ?? here big boys oso win big, big $$$. I mean those shortise lah.. they win this round knowing px can drop like a bomb.