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Must have patience when waiting for the durian to drop. But dun be too brave to sit below the durain tree and wait...hehehe!!!
fortune favours the brave.
the juiciest meat appear when everyone is afraid to buy. :)
what is the support level???
GSS lei long lei long...come n get ur 'cheap' SPC..
I just come back from my holiday and SPC got shorted down by my shortist kaki till 6.60, just nice for me to start accumulating.....I will be there waiting for you @6.38 and 6.22...hehehe!!!!
I did not regret letting go my all my SPC holding @7.16 just before I went off.....it's just 5 days ago!...wow, who is so powderful to have brought this burger 60 cents down in just few days and I believe it had brought many down to their knees.
My target for this burger still unchanged - $10.00 stock and waiting for share split then.
This is one of the several exploratory drilling.
If the result show the presence of hydrocarbons, then more exploration and appraisal drilling will be needed to ascertain the commercial viability.
So, there is still quite abit of exploratory and investigative work to be done.
Whether its positive for SPC will depend on the outcome.....at this time, its too early to say.
twdan8866 ( Date: 04-Jun-2008 23:19) Posted:
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sorry should be 66% more than Q2 2007. maths rusty liao.. haha..
Yokozuna ( Date: 04-Jun-2008 14:28) Posted:
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check out Q2's refining margins, 40% more than Q2 2007.
Refining Margins $/bbl
2Q'07 3Q'07 4Q'07 1Q'08 2Q'08
- West Coast 22.71 6.90 8.49 5.91 9.55
- Gulf Coast 24.46 12.58 6.82 6.21 9.51
- Mid West 26.05 14.31 3.39 1.11 7.26
North West Europe 7.12 3.82 4.84 4.79 8.13
Mediterranean 7.60 4.72 4.10 5.21 8.57
Singapore 6.01 4.52 5.80 4.76 10.19
Refining Global
Indicator Margin* 16.66 8.05 5.68 4.57 8.72
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still diligently accumulating.. :)
check out Q2's refining margins, 40% more than Q2 2007.
Refining Margins $/bbl
2Q'07 3Q'07 4Q'07 1Q'08 2Q'08
- West Coast 22.71 6.90 8.49 5.91 9.55
- Gulf Coast 24.46 12.58 6.82 6.21 9.51
- Mid West 26.05 14.31 3.39 1.11 7.26
North West Europe 7.12 3.82 4.84 4.79 8.13
Mediterranean 7.60 4.72 4.10 5.21 8.57
Singapore 6.01 4.52 5.80 4.76 10.19
Refining Global
Indicator Margin* 16.66 8.05 5.68 4.57 8.72
this burger is market driven and operational cost also counts. if CO goes down below 120, its hoe shei leow. AK is peowing the burger till mid Jul. entry pt, observe the market trend and CO price leow???? may dump some kepld again to sw counter, no regret one, though with losses.
Throughout June 2008, it is 80% true for holding and not shorting period. (just expressing my own guide)
Really don't understand the trading pattern of this counter. One day up and another day down. Don't know when to vest??
I like this counter though...........
tis counter good 4 shorting 2morrow??????????????
In a way, the OCBC investment report does not quite see the point that if crude oil price don't go up, margins would be even worse when new refineries come online.
ozone2002 ( Date: 03-Jun-2008 12:00) Posted:
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i've always been emphasising that SPC depends on refining for its profit..high oil prices will squeeze these margins.. despite them having exploration biz..
die hard SPC fans will always think otherwise.. good luck!
limhpp ( Date: 03-Jun-2008 10:58) Posted:
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DJ MARKET TALK: SPC Off 1.6%; Charts Tip More Downside -OCBC (2008/06/03 10:46AM)
0246 GMT [Dow Jones] Singapore Petroleum (S99.SG) heads lower as worries on refining margins continue to overshadow positive impact from high oil price; share down 1.6% at S$6.68. Company gets some benefit from higher oil prices in its upstream E&P business, but refining is biggest driver of profit and there are worries new refining capacity may depress margins. OCBC Investment Research says technical analysis suggests stock could head lower; "the price decline was made on the back of rising volume, indicating there is more downside ahead." Adds share price has broken below short-term uptrend line and 50-, 100-, 200-day moving averages, suggesting price weakness may persist. But says oversold signal from short-term stochastic indicator means there could be a minor pause or rebound before downtrend continues. Tips immediate support at S$6.50, which has been key consolidation level over last 12 months, with subsequent support tipped at S$5.20. Presence of low traded volume today suggests selling interest fairly muted at present, supports view of near-term consolidation with order book showing decent buying interest at S$6.60. (KIG)
Contact us in Singapore. 65 64154 150;
MarketTalk@dowjones.com
(END) Dow Jones Newswires
June 02, 2008 22:46 ET (02:46 GMT)
Copyright (c) 2008 Dow Jones & Company, Inc. |
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In whatever business which relates to feedstock, there comes a time when margin might decrease and this is usually due to timing issue. If your product price always follow up with your feedstock price, you are less likely to have margins decreased even though your feedstock price is high. But when the feedstock price corrects down drastically, there is a chance your margin will reduce as product price might follow down as well
Notice the statement high oil price MAY depress margin and is not based on known refining margin.
This analysis is not quite right
ozone2002 ( Date: 03-Jun-2008 12:00) Posted:
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i've always been emphasising that SPC depends on refining for its profit..high oil prices will squeeze these margins.. despite them having exploration biz..
die hard SPC fans will always think otherwise.. good luck!
limhpp ( Date: 03-Jun-2008 10:58) Posted:
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DJ MARKET TALK: SPC Off 1.6%; Charts Tip More Downside -OCBC (2008/06/03 10:46AM)
0246 GMT [Dow Jones] Singapore Petroleum (S99.SG) heads lower as worries on refining margins continue to overshadow positive impact from high oil price; share down 1.6% at S$6.68. Company gets some benefit from higher oil prices in its upstream E&P business, but refining is biggest driver of profit and there are worries new refining capacity may depress margins. OCBC Investment Research says technical analysis suggests stock could head lower; "the price decline was made on the back of rising volume, indicating there is more downside ahead." Adds share price has broken below short-term uptrend line and 50-, 100-, 200-day moving averages, suggesting price weakness may persist. But says oversold signal from short-term stochastic indicator means there could be a minor pause or rebound before downtrend continues. Tips immediate support at S$6.50, which has been key consolidation level over last 12 months, with subsequent support tipped at S$5.20. Presence of low traded volume today suggests selling interest fairly muted at present, supports view of near-term consolidation with order book showing decent buying interest at S$6.60. (KIG)
Contact us in Singapore. 65 64154 150;
MarketTalk@dowjones.com
(END) Dow Jones Newswires
June 02, 2008 22:46 ET (02:46 GMT)
Copyright (c) 2008 Dow Jones & Company, Inc. |
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i've always been emphasising that SPC depends on refining for its profit..high oil prices will squeeze these margins.. despite them having exploration biz..
die hard SPC fans will always think otherwise.. good luck!
limhpp ( Date: 03-Jun-2008 10:58) Posted:
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DJ MARKET TALK: SPC Off 1.6%; Charts Tip More Downside -OCBC (2008/06/03 10:46AM)
0246 GMT [Dow Jones] Singapore Petroleum (S99.SG) heads lower as worries on refining margins continue to overshadow positive impact from high oil price; share down 1.6% at S$6.68. Company gets some benefit from higher oil prices in its upstream E&P business, but refining is biggest driver of profit and there are worries new refining capacity may depress margins. OCBC Investment Research says technical analysis suggests stock could head lower; "the price decline was made on the back of rising volume, indicating there is more downside ahead." Adds share price has broken below short-term uptrend line and 50-, 100-, 200-day moving averages, suggesting price weakness may persist. But says oversold signal from short-term stochastic indicator means there could be a minor pause or rebound before downtrend continues. Tips immediate support at S$6.50, which has been key consolidation level over last 12 months, with subsequent support tipped at S$5.20. Presence of low traded volume today suggests selling interest fairly muted at present, supports view of near-term consolidation with order book showing decent buying interest at S$6.60. (KIG)
Contact us in Singapore. 65 64154 150;
MarketTalk@dowjones.com
(END) Dow Jones Newswires
June 02, 2008 22:46 ET (02:46 GMT)
Copyright (c) 2008 Dow Jones & Company, Inc. |
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