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last chance for Ezra to bail itself out. Otherwise it is doom for hell
Lucky03 ( Date: 26-Apr-2016 19:52) Posted:
| The main challenge lies in the partners being asked to revert with lower cost. May take a while to negotiate between EMAS AMC consortium with effectively 3 partners to sort out. |
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Really fishy when the stock price does not react to the juicy news. Not juicy enough?
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I really doubt so. Such juicy news.. lol
rayzer85 ( Date: 25-Apr-2016 21:03) Posted:
Probably because the rumors are not widespread yet? 
happyharvest ( Date: 25-Apr-2016 20:16) Posted:
rumour like this certainly will stir the stock price but I have not seen any so far.
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rumour like this certainly will stir the stock price but I have not seen any so far.
rayzer85 ( Date: 25-Apr-2016 19:41) Posted:
Yes, that is certainly plausible as well ... though there hasn' t been any rumors about Saipem lately.
No idea when the announcement will be, or if there will even be anything to announce, hahah.
But let' s say if the rumors about them signing the Letter of Award (LOA) last week is true, it will generally take 1-2 weeks to sign the final contract, then followed by media release.
wk1991 ( Date: 25-Apr-2016 18:08) Posted:
Saipem is one of the largest EPC, but had only won 1 of the smaller jobs? would' nt they be in better position?
just some thoughts.. 
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Looks like Ezra did not clinch the contract from Amaco at all? Lolol
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likely flat?
mikelee82 ( Date: 24-Apr-2016 18:55) Posted:
Only can wait for tomorrow to see which direction EZRA is heading.
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Since Chiyoda Corporation and Ezra Holdings Limited establish 50:50 Joint Venture to become EMAS CHIYODA Subsea, let' s hope the chances is increase to get the contract. Otherwise Ezra is forever doom
rayzer85 ( Date: 24-Apr-2016 02:18) Posted:
Yes that' s correct.
Anyway, these are all published articles and ... obviously they cannot confirm if this week' s rumors are indeed true or not, else we would have seen some changes in the share price.
If the rumors are indeed true (contract in excess of $1b ...) then this coming week we should see some big price movement since the contract value itself is many times the market cap of Ezra.
Just my 2 cents worth. :)
Lucky03 ( Date: 24-Apr-2016 01:51) Posted:
| The article below was published 10 Apr and also said they will be inviting a 5th UAE based company to join the LTA Program. Subsequently another announcement published 22 Apr said the contracts will be awarded to 3 LTA Program partner. No guarantee that Larsen & Toubro (India) / Emas (Singapore) is one of the 3 |
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yeah. that' s why the share price cannot even shoot up
Lucky03 ( Date: 24-Apr-2016 01:51) Posted:
The article below was published 10 Apr and also said they will be inviting a 5th UAE based company to join the LTA Program. Subsequently another announcement published 22 Apr said the contracts will be awarded to 3 LTA Program partner. No guarantee that Larsen & Toubro (India) / Emas (Singapore) is one of the 3.
Lucky03 ( Date: 24-Apr-2016 01:45) Posted:
Saudi Arabian Oil Co. (Saudi Aramco) is expected to award four contracts ahead of a larger deal on expansion of the Hasbah gas field, MEED reported citing unnamed industry sources.
The contracts are said to be worth between $150 million and $700 million and will cover work on existing Aramco assets in the Gulf, including the Safaniyah, Abu Safa and Kurayn fields, the report said.
Four international groups, which entered a long-term agreement (LTA) program with Aramco in 2015, are said to be vying for the contracts. The international firms named by the report are: Dynamic Industries (US), Larsen & Toubro (India) / Emas (Singapore), McDermott (US) and Saipem (Italy).
The four groups are also said to be in the fray for contracts on Aramco?s plans of a larger project to expand the production capacity of its Hasbah sour gas field. The contract is reported to be worth over $1.5 billion.
The Hasbah project will expand the production capacity of the gas field by an additional 2 billion cubic feet a day (cf/d), which will be piped to the onshore Fadhili gas plant.
?The Fadhili gas plant has a longer timeline than the Hasbah project,? an industry source was quoted as saying. The source added that Fadhili would take nearly 10 months longer than Hasbah to complete. ?There is a gap between the two projects Aramco can play with.?
Two sources said Aramco has also invited a fifth company ? reported to be UAE-based National Petroleum Construction Company (NPCC) ? to join the LTA program, which gives the participants the exclusive chance to bid for projects supporting Aramco?s Maintain Potential Program, gas program and other offshore work in the Gulf.
Aramco announced the first production of gas from the Hasbah field in March. |
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Thanks for the link.
What would be the fair value of Ezra after this contract if it is true?
rayzer85 ( Date: 24-Apr-2016 01:33) Posted:
I was just reading off the website
http://www.argaam.com/en/article/articledetail/id/418541
At the same time I was trying to link the rumors with the info in the website.
By reading the report on the website, what I deduce is that there are 4 contracts worth between $150m to $700m. At the same time, there is another big one which is worth $1.5b. The rumors on the street say that the consortium of EMAS + Larson Toubro (ie LTHE) won a project in excess of $1b. So if the rumors are true ... I can only deduce that EMAS + LTHE won the $1.5b contract.
Perhaps a trading halt on Monday???
happyharvest ( Date: 24-Apr-2016 01:18) Posted:
where can I find this information about hasbah gas project which is the consortium of EMAS?
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natural gas is a potential clean fuel of the future. Does Ausgroup have any services related to NG/LNG?
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where can I find this information about hasbah gas project which is the consortium of EMAS?
rayzer85 ( Date: 24-Apr-2016 01:09) Posted:
The $2b contracts are not evenly split. It consists of a few projects, and the " jewel" of them all is the Hasbah gas project, which the consortium of EMAS + LTHE supposedly won just this week ...
Let' s see what comes out this coming week. This will be exciting!
happyharvest ( Date: 24-Apr-2016 00:44) Posted:
2billion shared by 3 contractors, so only about half a billion worth of contract for each contractors. But I still can' t figure out why the share price still can' t go up when there is so much development already
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http://www.rigzone.com/news/oil_gas/a/139499/EMAS_AMCLTHE_JV_Signs_6_Year_Deal_with_Saudi_Aramco_for_Offshore_Work
jlim777 ( Date: 24-Apr-2016 00:01) Posted:
http://www.upstreamonline.com/live/1430464/aramco-primes-usd-2bn-contract-awards
Here, it said will award contracts to 3 long term agreement contractor. Ezra is one of the LTA contractor.
jlim777 ( Date: 23-Apr-2016 23:51) Posted:
http://www.argaam.com/en/article/articledetail/id/418541
There are 4 front-runners and there are 4 contracts will be awarded. Does it mean everyone got a contract?
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2billion shared by 3 contractors, so only about half a billion worth of contract for each contractors. But I still can' t figure out why the share price still can' t go up when there is so much development already
jlim777 ( Date: 24-Apr-2016 00:01) Posted:
http://www.upstreamonline.com/live/1430464/aramco-primes-usd-2bn-contract-awards
Here, it said will award contracts to 3 long term agreement contractor. Ezra is one of the LTA contractor.
jlim777 ( Date: 23-Apr-2016 23:51) Posted:
http://www.argaam.com/en/article/articledetail/id/418541
There are 4 front-runners and there are 4 contracts will be awarded. Does it mean everyone got a contract?
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Normally such juicy news will cause some insider trading. I will take this as a case study
rayzer85 ( Date: 23-Apr-2016 15:14) Posted:
Awaiting for media release perhaps?
happyharvest ( Date: 22-Apr-2016 20:31) Posted:
if true it would already be reflected in the share price but nothing happen to the price leh
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if true it would already be reflected in the share price but nothing happen to the price leh
rayzer85 ( Date: 22-Apr-2016 17:21) Posted:
Barcalo did you hear something similar as well?
Barcalo ( Date: 22-Apr-2016 16:04) Posted:
| Anytime later after trading will be announced. |
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Looks like they going to push it down lower for me to collect
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Do you have the link of the news?
rayzer85 ( Date: 21-Apr-2016 21:23) Posted:
It was an oil and gas industry news. This job has been tendered since 2nd half of last year and due to be awarded anytime now. Naturally, due to the size of the job, it is a closely watched tender. EMAS (before Chiyoda JV) was one of the front runners and as of lately ... words started to go about that it has been decided
sharenewbie0301 ( Date: 21-Apr-2016 20:41) Posted:
| Anyway where you heard from |
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Maybe. Not sure if there will be new high when rwj opens
Goldfinger ( Date: 21-Apr-2016 18:29) Posted:
If you look back at past price trends, GENS started climbing the year before the opening of RWS, and then popped higher thereafter. Hopefully, history will repeat itself with RWJ. Dreaming to myself, LOL.
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A rumour is after all a rumour. There are so many so many rumour on ezra in the past and never materialize
rayzer85 ( Date: 21-Apr-2016 17:48) Posted:
Rumors going around about EMAS-Chiyoda securing a contract award in excess of $1 billion from a major middle east client. Anyone heard the same?
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Power. I wanted to buy more at lower also no give me hull!
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