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81-100 of 859
counterparties are a mixture of foreign and local houses
Rex gap up during open at 61.5cts and close with graveyard doji, tomorrow may sell down.
the wall at 0.65...i put one
that's true...hahaha!
sugeee ( Date: 21-Nov-2013 13:03) Posted:
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I dont think uobkh can be trusted. Just my 2 cents worth.
Peter_Pan ( Date: 21-Nov-2013 12:11) Posted:
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prob is there's not much shorting leh...wonder who is selling
I notice shortists waiting to short on every technical rebound, now forming lower high, pls be careful.
then saw this...
Rex International (REXI SP, 5WH) ?
Technical BUY with +14.7% potential return
Last price: S$0.61
Resistance: S$0.79
Support: S$0.53
BUY with a target price of S$0.70 with stops placed
below S$0.55. The stock may continue to rebound from
its lower downward channel and a break above the
upper channel could suggest a downtrend reversal.
Watch to see if the stock could close above S$0.65 as
its positive DI has turned up and may rise
correspondingly with its ADX. Our retail research has a
fundamental BUY with a target price of S$1.27.
...from uobkh
Rex International (REXI SP, 5WH) ?
Technical BUY with +14.7% potential return
Last price: S$0.61
Resistance: S$0.79
Support: S$0.53
BUY with a target price of S$0.70 with stops placed
below S$0.55. The stock may continue to rebound from
its lower downward channel and a break above the
upper channel could suggest a downtrend reversal.
Watch to see if the stock could close above S$0.65 as
its positive DI has turned up and may rise
correspondingly with its ADX. Our retail research has a
fundamental BUY with a target price of S$1.27.
...from uobkh
tp too early...
good pointers to ponder
Aberdeen123 ( Date: 21-Nov-2013 10:22) Posted:
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The mgt have come and said that the Co has stayed away from oil production because of the high capital expenditure and working capital requirements yet it has increased its portfolio of oil exploration and production licences from 10 to 15.A bit of contradiction in its statement. Smell fishy.Exploration and production work shld be separated. It seemed that the Co will focus its technology for oil exploration only and will not have any stake in its production business.Hence I think their earnings wld be be significant.
derekchong ( Date: 21-Nov-2013 09:54) Posted:
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I would love to know
1) what is their estimated drilling depth
2) cost of drilling.
3) Estimated barrels of Oil that can be recovered with profit(economically viable)
4) Were they able to use their Rexonic Technology to increase the oil recoverable given the geological make-up of the Oman Block.
starlene ( Date: 20-Nov-2013 21:20) Posted:
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ppl. getting smarter, don't follow
news blindly.
rex cher tio orh gim
a reminder to all to take all news with a pinch of salt.
Date d16 Nov a bit outdated..but the good news will come b4 Xmas
http://www.nextinsight.net/index.php?option=com_content& view=article& id=7691& Itemid=1
Short Sell Executed on November 20, 2013
Security ShortSaleVolume Curr ShortSaleValue
$ Rex Intl 947000 SGD 567840
$ Sky One 720000 SGD 99355
$ Tritech 35000 SGD 12975
$ Vallianz 201000 SGD 16781
$ Viking 2106000 SGD 260294
Ace Achieve 100000 SGD 3600
AscendasHT 68000 SGD 50860
Ascendasreit 1440000 SGD 3288170
AscottREIT 920000 SGD 1102645
Asian Pay TV Tr 107000 SGD 82390
Asiasons 250000 SGD 35750
AusGroup 76000 SGD 20885
Biosensors 1140000 SGD 1049675
Wow what does this short sell today of 947000 lots of REX mean? naked short or what on sgx? if naked short will buy in T+3 by sgx and normally share will go up?
Do u think it's gonna go up Tmr?
Peter_Pan ( Date: 20-Nov-2013 19:02) Posted:
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ACQUISITION OF 10 PER CENT INTEREST IN TWO LICENCES IN NORWAYBY REX INTERNATIONAL HOLDING LIMITED?S INDIRECTLY OWNED SUBSIDIARYTO BE EFFECTED ON 29 NOVEMBER 2013
The Board of Directors (the ?Board?) of Rex International Holding Limited (the ?Company? and together with
its subsidiaries, the ?Group?) refers to the press release dated 18 September 2013 and is pleased to update
that its 65 per cent indirectly owned subsidiary Lime Petroleum Norway AS (?Lime?), has received approval
from the Norwegian Ministry of Petroleum and Energy for the acquisition of 10 per cent interest in each of
the two offshore licences, PL 707 and PL 708, from North Energy ASA (?North Energy?). Lime?s 10 per cent
interest in each of PL707 and PL708 will become effective from 29 November 2013.
The acquisition of the 10 per cent interest in the two licences is a result of the co-operation agreement
between Lime and North Energy. Both concessions are located in the Barents Sea, in proximity to the coast
on the Finnmark East platform. PL707 covers an area of about 982 square kilometres while PL708 covers an
area of about 507 square kilometres.
Both licences have undergone screening and analysis of seismic data using Rex Virtual Drilling. Analysis done
with Rex Virtual Drilling indicates the presence of hydrocarbons in these concessions. These findings are
supported by a previous technical discovery of oil and gas in the PL 707 licence.
Lime is firming up the work programme for the concessions in Norway with Edison International Norway
Branch and Lundin Norway AS, the respective operators of PL707 and PL708. The Edison group was founded
in 1884 and is Europe?s oldest energy company while the Lundin group has more than 30 years? experience in
oil exploration and production.
More details will be announced when the work programme is finalised.
BY ORDER OF THE BOARD
Dan Broström
Executive Director and Chairman
20 November 2013
The Board of Directors (the ?Board?) of Rex International Holding Limited (the ?Company? and together with
its subsidiaries, the ?Group?) refers to the press release dated 18 September 2013 and is pleased to update
that its 65 per cent indirectly owned subsidiary Lime Petroleum Norway AS (?Lime?), has received approval
from the Norwegian Ministry of Petroleum and Energy for the acquisition of 10 per cent interest in each of
the two offshore licences, PL 707 and PL 708, from North Energy ASA (?North Energy?). Lime?s 10 per cent
interest in each of PL707 and PL708 will become effective from 29 November 2013.
The acquisition of the 10 per cent interest in the two licences is a result of the co-operation agreement
between Lime and North Energy. Both concessions are located in the Barents Sea, in proximity to the coast
on the Finnmark East platform. PL707 covers an area of about 982 square kilometres while PL708 covers an
area of about 507 square kilometres.
Both licences have undergone screening and analysis of seismic data using Rex Virtual Drilling. Analysis done
with Rex Virtual Drilling indicates the presence of hydrocarbons in these concessions. These findings are
supported by a previous technical discovery of oil and gas in the PL 707 licence.
Lime is firming up the work programme for the concessions in Norway with Edison International Norway
Branch and Lundin Norway AS, the respective operators of PL707 and PL708. The Edison group was founded
in 1884 and is Europe?s oldest energy company while the Lundin group has more than 30 years? experience in
oil exploration and production.
More details will be announced when the work programme is finalised.
BY ORDER OF THE BOARD
Dan Broström
Executive Director and Chairman
20 November 2013