Swiber   

Swiber

CHIONG AH!!!!!!!!!


Swiber lodges prelim offer for subsea services

By ANGELA TAN

Swiber Holdings Limited, which plans to list its subsea services business on the Catalist board of the SGX, said on Wednesday that the preliminary offer document of Kreuz Holdings Pte Ltd has been lodged with the Monetary Authority of Singapore.

The engineering group said in May that it would seek a single listing for the business currently handled by its Kreuz Subsea and Kreuz Subsea Marine units.

DBS Bank Ltd is thesponsor appointed for the proposed listing.

 

Great news!

ozone2002      ( Date: 23-Jun-2010 10:48) Posted: SP O&M: US court overturns Obama's drilling ban; may lift negative sentiments on oil service stocks Analysts: Nancy Wei/Stella Tan        Tel: (65) 6590-6628/6590-6629 Event A US federal court has overturned President Barrack Obama's 6-month ban on deepwater drilling in the US Gulf, agreeing with oil companies that argued the ban would harm their businesses and lead to job losses, and weaken the economies of the US Gulf Coast states.  The court decision was in response to an injunction requested by US oil services company Hornbeck Offshore Services.  The White House said it would appeal the court decision.   On 30 May, the Obama administration had ordered oil companies not to drill any new wells in water deeper than 500ft in the Gulf for 6 months as a safety precaution in the wake of the BP oil spill.  The moratorium affected 33 deepwater drilling rigs.  Oil production in the US Gulf contribute 31% of total domestic US oil production.   Our take Following the US' 6-month oil drilling ban, investor sentiments have turned cautious on oil services stocks.  A final lifting of the US drilling ban will likely mitigate investor concerns.  Within the Singapore oil services space, our top picks are Swiber Holdings (SWIB SP/BUY/target: S$1.54) and Ezra Holdings (EZRA/BUY/target: S$2.60)

 

SP O&M: US court overturns Obama's drilling ban; may lift negative sentiments on oil service stocks
Analysts: Nancy Wei/Stella Tan        Tel: (65) 6590-6628/6590-6629

Event
A US federal court has overturned President Barrack Obama's 6-month ban on deepwater drilling in the US Gulf, agreeing with oil companies that argued the ban would harm their businesses and lead to job losses, and weaken the economies of the US Gulf Coast states.  The court decision was in response to an injunction requested by US oil services company Hornbeck Offshore Services.  The White House said it would appeal the court decision.  
On 30 May, the Obama administration had ordered oil companies not to drill any new wells in water deeper than 500ft in the Gulf for 6 months as a safety precaution in the wake of the BP oil spill.  The moratorium affected 33 deepwater drilling rigs.  Oil production in the US Gulf contribute 31% of total domestic US oil production.  

Our take
Following the US' 6-month oil drilling ban, investor sentiments have turned cautious on oil services stocks.  A final lifting of the US drilling ban will likely mitigate investor concerns.  Within the Singapore oil services space, our top picks are Swiber Holdings (SWIB SP/BUY/target: S$1.54) and Ezra Holdings (EZRA/BUY/target: S$2.60)        

 

Good news! Let's watch at the side line first.

ozone2002      ( Date: 22-Jun-2010 09:58) Posted: Swiber - Regaining Favour with Investors 22 Jun 10   Following the new found momentum in oil and gas companies worldwide and crude oil back trading above US$77/barrel, related stocks such as Swiber Holdings, an offshore logistics services provider to the oil and gas industry also appear to rediscover favour from investors…   Regaining favour along with oil and gas stocks Swiber Holdings, an offshore logistics services provider to the oil and gas industry offering a wide range of offshore and marine support services across the Asia Pacific and the Middle East, appears to be in investors’ radars again following the positive momentum seen in oil and gas companies worldwide. A look at Swiber’s recent share price movement supports this view. The stock has gained 4.5% over the last week, springing above the $1 mark again following its drop below a dollar on May 24. Its return for the week is nearly double the local benchmark’s +2.4% and the NYMEX crude oil futures’ +3.6%. Swiber’s 3% run-up yesterday has also brought the stock back into positive territory for the year. Prior to yesterday, the stock had been in the red for the year following its 19% sell-off from its two year high of $1.25 on April 14. In recent news, the company had on May 20 announced that it won a US$618 million contract from an oil and gas operator in South Asia to design, build and install platforms. The contract is the single largest contract Swiber has secured in a consortium bid to date and is also Swiber’s fifth contract win in 2010.

 

Swiber - Regaining Favour with Investors 22 Jun 10   Following the new found momentum in oil and gas companies worldwide and crude oil back trading above US$77/barrel, related stocks such as Swiber Holdings, an offshore logistics services provider to the oil and gas industry also appear to rediscover favour from investors…   Regaining favour along with oil and gas stocks Swiber Holdings, an offshore logistics services provider to the oil and gas industry offering a wide range of offshore and marine support services across the Asia Pacific and the Middle East, appears to be in investors’ radars again following the positive momentum seen in oil and gas companies worldwide. A look at Swiber’s recent share price movement supports this view. The stock has gained 4.5% over the last week, springing above the $1 mark again following its drop below a dollar on May 24. Its return for the week is nearly double the local benchmark’s +2.4% and the NYMEX crude oil futures’ +3.6%. Swiber’s 3% run-up yesterday has also brought the stock back into positive territory for the year. Prior to yesterday, the stock had been in the red for the year following its 19% sell-off from its two year high of $1.25 on April 14. In recent news, the company had on May 20 announced that it won a US$618 million contract from an oil and gas operator in South Asia to design, build and install platforms. The contract is the single largest contract Swiber has secured in a consortium bid to date and is also Swiber’s fifth contract win in 2010.

 

Bro 1.06 only 1 lot .....it is a smoke

ozone2002      ( Date: 21-Jun-2010 15:02) Posted: hit high 1.06.. can it test the 1.20+ high?

 

hit high 1.06..

can it test the 1.20+ high?

 

 

1.05

:)

 

break above 1.03 to flyyyyyyyyyyyyyyyyyyyy

 

Will look for better signal to move in, current move range will be between 98cts to $1.06 for next coming week.

 

swiber surging again..

 

Just let go at 1.02 this afternoon for some coffee money and confident building .....

Will wait for better opportunity liao .....

 

Swiber used to be 3 plus counter........ today 1.00. Yesterday darling and today no one bother to look.

 

vol surpassed yest vol

CHIONG AHHHHHHHHHHHHHHHHHHh

sustained uptrend..

 

anyone vested in this baby?

 

99.5 smoking guns..bang bang.. :)

 

Swiber Holdings: More opportunities in the pipeline

Summary: Saudi Aramco is set to invite bids for at least US$1b of offshore fabrication work related to its Wasit gas programme. It is possible that Swiber may participate in the bidding, considering it is also looking at opportunities in the Middle East and has a JV partner in Rawabi Holding, a Saudi Arabian company that may increase its bidding chances. India’s ONGC has also re-opened the EPIC tender for its US$1.3b B-193 cluster fields’ development, providing more opportunities for contractors. Demand for field development work in Asia and the Middle East remains strong, although competition during the bidding process is fierce as well. Swiber has already gained a strong foothold in Malaysia, Brunei and India. Should it replicate its success in the Middle East, its prospects should be even brighter, assuming good cost control. With a stronger order book and a bright outlook for offshore field development, we maintain our BUY rating and S$1.38 fair value estimate. Risks include disruptions due to unexpected events, leading to cost overruns and lost revenue.  (Low Pei Han)

 

97c CHIONG AHHHHHHHHHH!!!

$1 coming..oh yeah!!!

swiber playing football on their boats..haha

 

hehe... long term should be good for oil n gas sector. good time to acc when it comes down again.

E-war      ( Date: 06-Jun-2010 22:16) Posted: Frankly, I believe oil n gas sector stocks have been unfairly penalised by BP fiasco. One of the more depressed index. May have some good ones for the longer term. Take a good hard look.

 

oh yeah 96c!!!

go go go

got $$ to bet world cup..