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Was there a congestion at SJ at about 4.30 pm? Tried logging in but could not.
Noticed that 240 lots were sold down @ 4.16 at 1528hrs. Think the manipulators are still at it.
hmm....wonder if all the hoohaa of reduced margin for oil refineries a cartel action to push down SPC price so that big fish can scoop and collect low? hee...
Unless the rotten apples are rotten to the core, sometimes can slice away the rotten part and the remaining non-rotten flesh can still be eaten :)
Sohguanh...
Yes, that's what I mean... buying 600 lots of warrants is equivalent in essense to buying 600 lots of shares, even though there's protection agains devastating loss, as loss is limited to the 'rotton apples' you bought. .
Nope. For me only when the 600 lots of warrants is exercised will I call it 600 lots of shares :)
Giantlow...
Does 600 lots of warrants represent 6oo lots of underlying stock?
Elf...
how many lots did u buy?
this is one of the few positive news that i recieve about SPC.
hahaha
how many lots did u buy?
this is one of the few positive news that i recieve about SPC.
hahaha
looks like it is GRAND POST NEW-YEAR again :)
might be a bit premature, but kitty looks like it's bouncing. anyone dare to play?
vested: 4.18. (pls note that i'm also ready to bail at first sign of trouble)
billec, could i pls trouble you again to put up the usual vols, thanks yea. :)
confirmation of depression will be if today's institution bought vol is twice inst sold.
Sorry for the silence guys/gals.
Am out of town right now so internet access depends on availability where I am.
Posted my FA on SPC a couple of days ago.
My estimate is it will come in at about eps 59cts with divdent of 20cts tax exempt.
Whilst this is not as good as FY2005 (eps 85cts div 32 cts TE), it is certainly comparable to FY 2004 and it will be the second or third best financial year in SPC's history.
Prospective refining margins may be squeezed as more capacity comes on stream namely from India and China. A refinery in Vietnam is also in the works.
Earnings may be improved with better margins when upstream fields begin to produce oil and gas....Oyang in mid 2007 and possible Jeruk in a couple of years time. The Vietnam field looks promising....but its still afew years down the road before any revenue in flow.
Upstream business have good margins...existing Kakap field gives about 40% - 50% margin. Unfortunately, it contributes only about 10% of it bottomline.
hmm...the funny thing is why SPC tracks Cruel Oil prices? i mean whatever Cruel price u buy u just pass the cost of refining to consumer right? if the demand for refined oil is there...Cruel price movements should not affect the margin of refinery if the refined oil demands are there correct ?????
Oil Is Little Changed After Falling on OPEC Doubts, Demand Drop 2007-01-09
By Gavin Evans
Jan. 9 (Bloomberg) -- Crude oil was little changed in New
York, trading below $58 a barrel for a third day, on skepticism
OPEC can maintain prices amid falling heating demand in the U.S.,
the world's biggest oil consumer.
A government report tomorrow will probably show U.S.
stockpiles of distillates, including heating oil and diesel,
rose for a fourth week as mild weather in the nation's Northeast
lowered demand. OPEC production cuts the past two months are a
third less than the 1.2 million target set in October, according
to a Bloomberg News survey published yesterday.
``Demand has evaporated for heating oil,'' said Tom
Hartmann, a commodity broker at Altavest Worldwide Trading Inc.
in Mission Viejo, California. ``OPEC has a lot of work to do if
it wants to support prices. At the end of the day, we may see
that they don't have the ability to do so.''
Crude oil for February delivery was at $56.15 a barrel, up
6 cents, in after-hours electronic trading on the New York
Mercantile Exchange at 7:38 a.m. in Singapore. Oil on Jan. 3
fell below $58 a barrel for the first time in seven weeks.
The contract fell 22 cents, or 0.4 percent, to $56.09 a
barrel yesterday, its third decline in four days. Oil fell to
$55.59 on Jan. 4, the lowest close since June 2005.
``Intuitively, we were due for a bounce after falling
nearly $8'' the past three weeks, Hartmann said.
World oil demand peaks in the fourth quarter when refiners
make heating fuel for the northern hemisphere winter.
Weather in the U.S. Northeast, which accounts for about 80
percent of the country's heating oil demand, has been unusually
mild, with New York City recording its third-warmest December
temperatures on record.
OPEC Output
Output by the Organization of Petroleum Exporting Countries,
which pumps about 40 percent of the world's oil, fell by 245,000
barrels a day last month, according to a Bloomberg survey of oil
companies, producers and analysts. Daily production declined
550,000 barrels in November.
``The market is skeptical of OPEC cuts,'' Andy Lebow, a
trader with Man Financial Inc. in New York, said yesterday.
Oil reached a record $78.40 a barrel on July 17. Prices
have fallen almost 9 percent since OPEC agreed on Dec. 14 to
lower output by a further 500,000 barrels a day starting Feb. 1
to prevent a post-winter glut.
OPEC will ``most likely'' wait until then before reviewing
production again, spokesman Omar Farouk Ibrahim said yesterday.
Calls for an extraordinary meeting before the next scheduled
gathering in Vienna on March 15 are ``premature,'' he said.
OPEC's output has fallen for five straight months and is
down almost 1.3 million barrels a day since July, according to
the Bloomberg survey. It pumped 28.62 million barrels a day last
month, the lowest since May 2004.
U.S. Imports, Inventories
As prices fall further, OPEC's resolve to act as a group to
bolster prices will increase, Tim Evans, an energy analyst at
Citigroup Global Markets Inc. in New York, said yesterday.
OPEC is ``willing to give up market share to get a higher
price,'' he said.
Still, those cuts are yet to show in U.S. oil imports.
Shipments jumped to 10.1 million barrels a day in the week ended
Dec. 29, a five-week high, the Energy Department said Jan. 4.
The department's weekly inventory report tomorrow will
probably show distillate stockpiles gained 2 million barrels
last week, based on the median estimate from a Bloomberg survey
of 10 analysts. Supplies held 135.6 million barrels on Dec. 29.
Oil inventories probably fell by 500,000 barrels, from
319.7 million the week before. Gasoline stockpiles probably
gained 2.6 million barrels, from 209.5 million on Dec. 29.
By Gavin Evans
Jan. 9 (Bloomberg) -- Crude oil was little changed in New
York, trading below $58 a barrel for a third day, on skepticism
OPEC can maintain prices amid falling heating demand in the U.S.,
the world's biggest oil consumer.
A government report tomorrow will probably show U.S.
stockpiles of distillates, including heating oil and diesel,
rose for a fourth week as mild weather in the nation's Northeast
lowered demand. OPEC production cuts the past two months are a
third less than the 1.2 million target set in October, according
to a Bloomberg News survey published yesterday.
``Demand has evaporated for heating oil,'' said Tom
Hartmann, a commodity broker at Altavest Worldwide Trading Inc.
in Mission Viejo, California. ``OPEC has a lot of work to do if
it wants to support prices. At the end of the day, we may see
that they don't have the ability to do so.''
Crude oil for February delivery was at $56.15 a barrel, up
6 cents, in after-hours electronic trading on the New York
Mercantile Exchange at 7:38 a.m. in Singapore. Oil on Jan. 3
fell below $58 a barrel for the first time in seven weeks.
The contract fell 22 cents, or 0.4 percent, to $56.09 a
barrel yesterday, its third decline in four days. Oil fell to
$55.59 on Jan. 4, the lowest close since June 2005.
``Intuitively, we were due for a bounce after falling
nearly $8'' the past three weeks, Hartmann said.
World oil demand peaks in the fourth quarter when refiners
make heating fuel for the northern hemisphere winter.
Weather in the U.S. Northeast, which accounts for about 80
percent of the country's heating oil demand, has been unusually
mild, with New York City recording its third-warmest December
temperatures on record.
OPEC Output
Output by the Organization of Petroleum Exporting Countries,
which pumps about 40 percent of the world's oil, fell by 245,000
barrels a day last month, according to a Bloomberg survey of oil
companies, producers and analysts. Daily production declined
550,000 barrels in November.
``The market is skeptical of OPEC cuts,'' Andy Lebow, a
trader with Man Financial Inc. in New York, said yesterday.
Oil reached a record $78.40 a barrel on July 17. Prices
have fallen almost 9 percent since OPEC agreed on Dec. 14 to
lower output by a further 500,000 barrels a day starting Feb. 1
to prevent a post-winter glut.
OPEC will ``most likely'' wait until then before reviewing
production again, spokesman Omar Farouk Ibrahim said yesterday.
Calls for an extraordinary meeting before the next scheduled
gathering in Vienna on March 15 are ``premature,'' he said.
OPEC's output has fallen for five straight months and is
down almost 1.3 million barrels a day since July, according to
the Bloomberg survey. It pumped 28.62 million barrels a day last
month, the lowest since May 2004.
U.S. Imports, Inventories
As prices fall further, OPEC's resolve to act as a group to
bolster prices will increase, Tim Evans, an energy analyst at
Citigroup Global Markets Inc. in New York, said yesterday.
OPEC is ``willing to give up market share to get a higher
price,'' he said.
Still, those cuts are yet to show in U.S. oil imports.
Shipments jumped to 10.1 million barrels a day in the week ended
Dec. 29, a five-week high, the Energy Department said Jan. 4.
The department's weekly inventory report tomorrow will
probably show distillate stockpiles gained 2 million barrels
last week, based on the median estimate from a Bloomberg survey
of 10 analysts. Supplies held 135.6 million barrels on Dec. 29.
Oil inventories probably fell by 500,000 barrels, from
319.7 million the week before. Gasoline stockpiles probably
gained 2.6 million barrels, from 209.5 million on Dec. 29.
i seriously dun wish for any trouble,
if there must be trouble, i hope no human casulties are involved
all i want is my portfolio to go up.
Still too early to say whether the sunshine is coming out.
maybe the big boys are taking a breather b4 continuing the attack.
if there must be trouble, i hope no human casulties are involved
all i want is my portfolio to go up.
Still too early to say whether the sunshine is coming out.
maybe the big boys are taking a breather b4 continuing the attack.
sunshine come out ?
Trouble for Europe means good news for you right? :)
potential trouble in Europe
Russia-Belarus oil row hits supplies to Germany, Poland
Posted: 08 January 2007 2210 hrs
http://www.channelnewsasia.com/stories/afp_world_business/view/251312/1/.html
iPunter... Original 600 lots, reduce it to 464 to cut some loss.
Yesterday, watch "The Day After Tomorrow" again. Its a great show man, cheered me up a little. hahaha
Yesterday, watch "The Day After Tomorrow" again. Its a great show man, cheered me up a little. hahaha
cut loss unless you are confident it will rebound very sharply in a very short time.
I will swap for a better position.
hello elf, there are now forecasts that colder weather is on the way and that could increase the demand for fuel oil., and the Russian official also said that Russia has been forced to stop delivering oil to Europe, are they going to affect the trend tomorrow?
I will punt all the way until before expiry. I could end up less 2K or 2K more. Mebbie thats why I never like warrants - good gearing but with bloody expiry date. :)