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seems like the diehard fans of SPC are still bullish..
but remember..u can love a stock..but it won't reciprocate the love back to u... haha..
if u wan that feeling ..get a dog.. it'll do much better
Crude oil future, June closed at 112. Thouhg a downwards trend, but SPC today may buoyant around 7.20. Leave the burger alone, unless u want to Sell and take profits which you hv missed it lately:)
All major Oil companies around the world were in RED. SPC cannot defy the industry trend....sub-$7.00 is possible today.
oil sliding now to 110
will SPC follow the oil?
AK still perceives that Crude Oil will slide.
brent crude now $108+, dow up 160+
i dont believe spc only dictated by opil prices.. lets ee tmrw... im still holding
dow now up 78 n if close ard 80 postv u cud let go at more than 7.20 n then wait to buy back when it reaches ur wanting 2 buy px of 6.50
It can't hold above 7.00 if crude oil eases below 110. Thats why I tried to clear some of my assets to take profit, though a bit late but better than lesser. Will buy in again when it goes back to below 6.50, though no optimistic but can be happen lah.
strong support current px 7.20
Anyway, just Q technical short for 2 lots at 7.30 around 2000hrs. Chance slim lah. Try loh.
Yes, sub-$7.00 I will start accumulating....as like before....I have not given up SPC as yet...Cheers.
If players pushing it down below 7, then you hv to consider when to go in and build up your stock pile leow.
LT is the way to go for SPC
cannot be too ganjiong one
Yes, I am fully aware of the high cost to build a refinery and the long time to build it.
Thus one of the great irony of oil is a delayed in investment or reduced investment in oil shall lead to higer oil prices.
shplayer ( Date: 30-Apr-2008 21:53) Posted:
Livermore,
New refineries might be coming online soon.
Bear in mind that any reasonable sized refinery takes approx 4-5 years to come onstream from planning to operation. At today's construction cost, these new refineries will have to charge a much higher refining margin (some reports put it at about USD20 per bbl) to be commercially viable. So, its a Catch 22 situation. |
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So the moral of the storry is to buy in more or less? AK principle is that will keep the existing assets for long term investment, as what AK did 06 & 07, though less heavy this time round.
lol...yah, it's dream now, but nobody dares to come out and say all that I mentioned WILL NOT come true...well, all are possible but slim chance. But when it happens, it will surprise many....Chevron to give up 50% of its share in SRC due to "political" reason. SPC is currently expanding in upstream activities, hence chance is there that they found oilfield however small!! Cheers!
OneSharer ( Date: 30-Apr-2008 22:30) Posted:
LOL . $40??? If you gotta dream, dream BIGGER, PLS! 
idesa168 ( Date: 30-Apr-2008 22:23) Posted:
| Got, got....$15.00 when SPC announces they buy over Chevron shares of the SRC. $20.00 when SPC announces share split... $25.00 when SPC announces they found new oilfield in the Bohai....and $40 if the new discovery oilfield is found to be bigger than the recent Brazil oilfield discovered... |
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haha luck is gone . now only can hope dream come thr..
LOL . $40??? If you gotta dream, dream BIGGER, PLS!
idesa168 ( Date: 30-Apr-2008 22:23) Posted:
Got, got....$15.00 when SPC announces they buy over Chevron shares of the SRC. $20.00 when SPC announces share split... $25.00 when SPC announces they found new oilfield in the Bohai....and $40 if the new discovery oilfield is found to be bigger than the recent Brazil oilfield discovered....
lookcc ( Date: 30-Apr-2008 22:09) Posted:
| uncle, like tis at end yr 2009 spc wud b $20.00???
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light crude (nym) now up $0.77 to $116.40,
Got, got....$15.00 when SPC announces they buy over Chevron shares of the SRC. $20.00 when SPC announces share split... $25.00 when SPC announces they found new oilfield in the Bohai....and $40 if the new discovery oilfield is found to be bigger than the recent Brazil oilfield discovered....
lookcc ( Date: 30-Apr-2008 22:09) Posted:
| uncle, like tis at end yr 2009 spc wud b $20.00???
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