
jennisk
Excellent post.
Ya, it will take at least 5 years or so to bring the oilfield into production but the market is reacting delightfully way ahead of this. Last nite's DJ performance is a fantastic start to a good follow-fro' 2nite.
Hope many of us will huat.
jennlsk ( Date: 17-Apr-2008 10:03) Posted:
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yup...going to..when it ever hit 12.10...hee...eyeing to SHORT venture as well..target 11.16...hee..
waiting....waiting...
:P
viruz7667 ( Date: 17-Apr-2008 10:03) Posted:
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nickyng ( Date: 17-Apr-2008 09:51) Posted:
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DJ MARKET TALK: Singapore Rigbuilders Higher On Oil Price Boost (2008-04-17 01:58:00)
0158 GMT [Dow Jones] Singapore rigbuilders higher again today as jump for crude oil futures overnight raises hopes of continued momentum in E&P spending. Keppel Corp. (BN4.SG) +4.4% at 11-week high of S$11.48, SembCorp Marine (S51.SG) +4.6% at 14-week high of S$3.89. "The high oil price is good news for the offshore and marine players as it should keep spurring orders," says analyst at local house. But adds picture not all rosy as companies are battling against raw material cost pressures; "there''s still the issue of rising input costs; things like steel are going sky high and that means a margin squeeze." Resistance for Keppel tipped at S$11.58 (38.2% retracement of fall to recent low of S$9.29 from October high of S$15.30); resistance for SembMarine tipped at S$3.92 (similar retracement of move to 52-week low of S$2.82 from October high of S$5.70). (KIG)
Contact us in Singapore. 65 64154 150; MarketTalk@dowjones.com
(END) Dow Jones Newswires
April 16, 2008 21:58 ET (01:58 GMT)
Copyright (c) 2008 Dow Jones & Company, Inc.
===============================================================================
Keppel Corp's (Keppel) and SembMarine's (SMM) share prices jumped today, possibly on back of Petrobras' discovery of Carioca in Lima, which could be the world's largest oil discovery in 30 years. Keppel and SMM are Petrobras' main shipyard contractors for offshore production systems and thus will likely benefit in the long-term. However, this oil discovery will have little impact on the shipyards' short and medium-term earnings. It takes at least 3-5 years between oil discovery and development (the point of ordering the required offshore production system) and another 3 years for production of oil.
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damn! that 10x of $11.50 is NOT mine...arggh.h.....never i will wait...hee...
come on baby !! :P
on standby mode to SHORT this burger today liao if it can cross $11.50 barrier...hee...
standby....standby....SHORT !
hee...
RReaLLy!!!??? Thanks for this alert.
No wonder this counter in my bag is rushing up the ladder.
Does any1 know how to PM or U2U another forumer? Seems like this feature is not available.
zhuge_liang ( Date: 16-Apr-2008 12:44) Posted:
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My technical naked short considered sold loh, with few beers only. Must buy back one of this day. The burger behind the counter changed tactics different day leow, not easy to catch them, but I got fun to do this sort of testing.
One more test tonight, I will Q 10 bits higer(20cents) to buy immediately after 2000hrs. Ha, if it goes very high, it cover today's technical naked short one. On the otherhand, if go very low, then I buy double loh. Ha ha. Thats the thrill being working at home. Cheers.
Short or long doesn't matter much...
As long as one dumps while a loss is tiny, one is OK...
covered my SHORT at 2x11.00 ...damn...dun look like it will go any lower ...arrgghhh...
:D
nickyng ( Date: 16-Apr-2008 10:22) Posted:
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oops.....starting to pee into my pants liao !
hee..... :P
nickyng ( Date: 16-Apr-2008 09:29) Posted:
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nickyng ( Date: 16-Apr-2008 09:29) Posted:
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of course !!! SHORTED 2x at 11.08 !! cheers ! and wish me the mother virgin of all LUCKS !! :D
hee...
viruz7667 ( Date: 16-Apr-2008 09:24) Posted:
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