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6141-6160 of 6935
wow..4.16 !! some1 really take my call to short siah! wonder how long will it gets? hee...
hey, were i get sue or not.............this is the least i can help....
FY06 results out on 24 Jan07
billlec, can u post the transactions here? after the market close, thank you~
Dude, I never specifically say 'uptrend then tok here'. I said when its time to 'buy again..'. :)
As always by the time you receive the financial results, those insiders would have already reacted FIRST. Somehow they get the news faster. Insider news can be very lethal indeed :O
aya...wait until uptrend then tok here? no point rite? by then common sense tell u juz anyhow whack oso can make $$....now tok then interesting mah....hee...
hmm...when is SPC announcing FY2006 result???
hi rickyng...
Don't short anyhow.... if you wanted to short, you should have done it when it was around 5.60 or higher... now it appears to be nearing the end of the trend with climactic selling (note: Not the usual selling down).
hi rickyng...
Don't short anyhow.... if you wanted to short, you should have done it when it was around 5.60 or higher... now it appears to be nearing the end of the trend with climactic selling (note: Not the usual selling down).
When its time to buy again then mebbie we all come back here and tok more about it else all feeling so depressing now. I dont mind even if it drops to 3.80, this trend cycle may just be a big one so lets just catch it when it bounce back - jus like SPH.
YongJui,
If you look at the statement in the middle of the report....Spore weighted ave margin for mid Dec was $10.45 (USD 6.90). If this is an indication of the 4Q margins, then I am optimistic that SPC 4Q will be good.
Perhaps that is why institutions are bent on depressing the price before SPC reports its FY06 results.
Cheer up and watch the play......I am prepared to take positions on this counter as soon as elf and sporegal gives the signal.
hee...ok so better start shorting this counter now!! short like no tomor :P
some news from the big boy who want you to sell cheap cheap... so the point is it may or it may not weaken in this quarter =)
SIN : Singapore Refiner Margins May Weaken This Quarter : Bloomberg
By Angela Macdonald-Smith
Jan. 8 (Bloomberg) -- Singapore oil refining margins will
probably weaken this quarter before rebounding in the second
quarter, leaving the annual average 20 percent below the
estimated 2006 level, Merrill Lynch & Co. said.
The 2007 estimated average Singapore margin of $5.50 a
barrel still represents a ``positive outlook,'' based on
``healthy'' global demand and low capacity additions, Merrill
said in a Jan. 5 report. Singapore refining margins averaged less
than $4 a barrel in the 1995-2002 period, Caltex Australia Ltd.
said in a June 2006 presentation.
The Singapore refining margin, or the difference between the
cost of a barrel of crude oil and the price of a barrel of
refined petroleum products, averaged about $6.92 a barrel last
year, little changed from $6.99 the previous year, Merrill said.
Margins may fall a further 32 percent in 2008 to $3.75 a barrel,
and remain around there in 2009, the securities firm said.
``Over the past two years, margins have hit seasonal lows in
the first quarter of the year during the shoulder season between
the Northern Hemisphere winter and U.S. driving season,'' Merrill
oil and gas analysts Jodie Phillips, Cosimo Damiano and Adrian
Loh said in the report. ``We expect 2007 to be no difference,
especially as demand for heating fuel in the U.S. is currently
weak in the face of what appears to be a mild winter.''
The Singapore weighted average margin was $10.45 a barrel in
mid-December, Merrill said Dec. 19.
Caltex's Margin
The refiner margin for Caltex Australia, the nation's
biggest oil refiner, may fall to about $6.95 a barrel this year,
from an estimated $8.22 last year, Merrill said.
Caltex's refiner margin is based on the Singapore weighted
average margin, adjusted for the difference between crude and
product freight costs, product quality, crude oil purchase costs
relative to Asia's Tapis oil benchmark and other factors.
Sydney-based Caltex, half-owned by Chevron Corp., said last
month that full-year 2006 profit may fall due to a delay in
completing a refinery upgrade project. Caltex's refining margin
was $9.06 a barrel in the second half to Nov. 30, down from
$10.62 in the first half, it said.
Shares in Caltex today fell 25 cents, or 1.1 percent, to
A$22.57 on the Australian Stock Exchange.
Caltex shares will probably trade flat during this quarter
because of the weaker refining margins, Merrill said. The market
is already pricing in a ``robust'' 2006 earnings result by the
company, it said. The firm cut its rating on the stock to
``neutral'' from ``buy.''
Caltex said in December it expects a ``tight'' market for
petroleum fuels for the next two to three years, which will
support ``robust'' refiner margins. Shortages of labor,
construction materials and construction capacity may delay the
commissioning of new refineries, it said.
Rising Capacity
Capacity additions this year in the Asia-Pacific region and
the Middle East may roughly match the forecast increase in demand,
according to a table in the Merrill report. The firm estimates
that demand in the region will rise by 731,000 barrels a day in
2007, while about 738,000 barrels a day of capacity will be added.
Next year, capacity additions will outstrip demand growth,
with about 1 million barrels a day of capacity to be added,
compared with 685,000 barrels a day of increased demand,
according to Merrill. In each of 2009 and 2010, estimated
capacity increases may be more than double the demand growth, the
table shows. The majority of the projects due to start production
in 2009 and 2010 have not yet been sanctioned, Merrill said.
From 2002 through 2006, demand growth outstripped capacity
increases, the table shows.
--Editor: Russell.
SIN : Singapore Refiner Margins May Weaken This Quarter : Bloomberg
By Angela Macdonald-Smith
Jan. 8 (Bloomberg) -- Singapore oil refining margins will
probably weaken this quarter before rebounding in the second
quarter, leaving the annual average 20 percent below the
estimated 2006 level, Merrill Lynch & Co. said.
The 2007 estimated average Singapore margin of $5.50 a
barrel still represents a ``positive outlook,'' based on
``healthy'' global demand and low capacity additions, Merrill
said in a Jan. 5 report. Singapore refining margins averaged less
than $4 a barrel in the 1995-2002 period, Caltex Australia Ltd.
said in a June 2006 presentation.
The Singapore refining margin, or the difference between the
cost of a barrel of crude oil and the price of a barrel of
refined petroleum products, averaged about $6.92 a barrel last
year, little changed from $6.99 the previous year, Merrill said.
Margins may fall a further 32 percent in 2008 to $3.75 a barrel,
and remain around there in 2009, the securities firm said.
``Over the past two years, margins have hit seasonal lows in
the first quarter of the year during the shoulder season between
the Northern Hemisphere winter and U.S. driving season,'' Merrill
oil and gas analysts Jodie Phillips, Cosimo Damiano and Adrian
Loh said in the report. ``We expect 2007 to be no difference,
especially as demand for heating fuel in the U.S. is currently
weak in the face of what appears to be a mild winter.''
The Singapore weighted average margin was $10.45 a barrel in
mid-December, Merrill said Dec. 19.
Caltex's Margin
The refiner margin for Caltex Australia, the nation's
biggest oil refiner, may fall to about $6.95 a barrel this year,
from an estimated $8.22 last year, Merrill said.
Caltex's refiner margin is based on the Singapore weighted
average margin, adjusted for the difference between crude and
product freight costs, product quality, crude oil purchase costs
relative to Asia's Tapis oil benchmark and other factors.
Sydney-based Caltex, half-owned by Chevron Corp., said last
month that full-year 2006 profit may fall due to a delay in
completing a refinery upgrade project. Caltex's refining margin
was $9.06 a barrel in the second half to Nov. 30, down from
$10.62 in the first half, it said.
Shares in Caltex today fell 25 cents, or 1.1 percent, to
A$22.57 on the Australian Stock Exchange.
Caltex shares will probably trade flat during this quarter
because of the weaker refining margins, Merrill said. The market
is already pricing in a ``robust'' 2006 earnings result by the
company, it said. The firm cut its rating on the stock to
``neutral'' from ``buy.''
Caltex said in December it expects a ``tight'' market for
petroleum fuels for the next two to three years, which will
support ``robust'' refiner margins. Shortages of labor,
construction materials and construction capacity may delay the
commissioning of new refineries, it said.
Rising Capacity
Capacity additions this year in the Asia-Pacific region and
the Middle East may roughly match the forecast increase in demand,
according to a table in the Merrill report. The firm estimates
that demand in the region will rise by 731,000 barrels a day in
2007, while about 738,000 barrels a day of capacity will be added.
Next year, capacity additions will outstrip demand growth,
with about 1 million barrels a day of capacity to be added,
compared with 685,000 barrels a day of increased demand,
according to Merrill. In each of 2009 and 2010, estimated
capacity increases may be more than double the demand growth, the
table shows. The majority of the projects due to start production
in 2009 and 2010 have not yet been sanctioned, Merrill said.
From 2002 through 2006, demand growth outstripped capacity
increases, the table shows.
--Editor: Russell.
We may look into the brigth side of the future. close monitor and accumulate at the lowest price ( it may not the lowest price now). lock it. Collect the "ang pao" in 'Rat' year.
so meaning wat??? buy now or dump or side-line? hee...
mwzl95, from the Protrader..
Agree with Elf... Don't panic. In fact, I follow two of the Templeton Maxims "Buy during the time of pessimism" and "Hunt for value and bargains". Personally, I think they apply to SPC. I maybe wrong, but what the heck.
Elf::"ah. forum flood. em. i seem to sense an increasing tone of panic here. People, please relax. if you panic, you're doing exactly what the big boys want you to do. remember what i said abt terror and hope controlling the market?
giantlow. pls do keep calm, or you aren't gonna be able to see head from toe. and don't bother too much abt buy up sell down. the impt thing is the 'buy' and 'sell'. "
Billec,
Which part of poems did you get the chart from.
Which part of poems did you get the chart from.
any chance this SPC will close below $4.18 ?? hee...wonder how a gd divident declaration can help this counter ? hee....
Thanks Billec