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Usually when it is vacillating 8.4/ 8.5, the Shortist puppet master word ensure it closes at 8.4
kopi-boy ( Date: 19-Nov-2021 17:52) Posted:
why unsual?
better ( Date: 19-Nov-2021 17:23) Posted:
Amazing, closed at 8.5 cents unchanged for the day. Pretty unusual.  |
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Yup, confident. Although I think most of the gains will come after Year end results next march.
Likely, prices would stay at 8+ in the next couple of weeks.
For me, would buy a little more every 2 weeks or so.
MANFREDTMK ( Date: 19-Nov-2021 17:53) Posted:
Bro, you are confident about this? Thinking of buying another 1m share.
better ( Date: 19-Nov-2021 15:00) Posted:
8.4 to 8.5 watch up, Target Price: 4-5cents higher in 6 months.
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Amazing, closed at 8.5 cents unchanged for the day. Pretty unusual.
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Fortune Favours the Brave.
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8.4 to 8.5 watch up, Target Price: 4-5cents higher in 6 months.
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Strange.... after i commented that the PR department very free, they took down the season' s greetings from the main page.
The link is still working though.
better ( Date: 18-Nov-2021 16:52) Posted:
https://www.sembmarine.com/scm2016/wp-content/uploads/2021/11/xmas2021.gif
Season' s greetings from Sembmarine....PR department seems very free. |
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Yes it was delayed til after the recent COP26 climate conference which ended 12th Nov.
The approval was supposed to be granted around Augf/ Sept. For PR purposes, the approval is pushed back.
Likely to get the approval before year end with the green cylindrical FPSO equipped with power from shore option for zero emission.
ahbui8 ( Date: 18-Nov-2021 20:46) Posted:
Green scrutiny delays Siccar Point&rsquo s Cambo work offshore UK
better ( Date: 18-Nov-2021 19:36) Posted:
The proposed exploration would take place in the Cambo oil field, located around 125km west of the Shetland Islands, at a depth of between 1,050m to 1,100m underwater. Johnson continues to back the project, stating that as licensing approval took place in 2001, well before recent considerations for new exploration licensing restrictions, there is no reason to cancel a project that will support the U.K.&rsquo s energy security in the coming years. If the project goes ahead, operations in the field could start as early as 2022, with Cambo remaining active for the following 25 years. The development could also help to provide over 1000 jobs, in an industry that suffered greatly during the pandemic.
With Cambo holding the potential for reduced reliance on energy imports, improving the U.K.&rsquo s energy security in the coming years, the controversial oilfield development looks set to go ahead. However, pressure from environmental activists and the international community could see the need for greater investment in CCS technology and the guarantee of low-carbon oil production if Johnson pushes through with plans.
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The proposed exploration would take place in the Cambo oil field, located around 125km west of the Shetland Islands, at a depth of between 1,050m to 1,100m underwater. Johnson continues to back the project, stating that as licensing approval took place in 2001, well before recent considerations for new exploration licensing restrictions, there is no reason to cancel a project that will support the U.K.&rsquo s energy security in the coming years. If the project goes ahead, operations in the field could start as early as 2022, with Cambo remaining active for the following 25 years. The development could also help to provide over 1000 jobs, in an industry that suffered greatly during the pandemic.
With Cambo holding the potential for reduced reliance on energy imports, improving the U.K.&rsquo s energy security in the coming years, the controversial oilfield development looks set to go ahead. However, pressure from environmental activists and the international community could see the need for greater investment in CCS technology and the guarantee of low-carbon oil production if Johnson pushes through with plans.
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https://www.sembmarine.com/scm2016/wp-content/uploads/2021/11/xmas2021.gif
Season' s greetings from Sembmarine....PR department seems very free.
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Looks like 8.5 cents is the new 8. Decent support..... although I don' t expect it to make another up swing in the next few weeks.
tbooncho888 ( Date: 18-Nov-2021 13:26) Posted:
SM is now above its daily ma60, and its dma60 will be tunring up soon in 1-2 weeks time, thus is looking good.
Its weekly macd divergence condition at the bottom is pending to be resolved, the only remedial action is for its price to go up to relief the divergence condition.
Its 200 day ma is at around 0.123, i expect the price to progressively move back to touch it, basing on mean reversion principle.
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bystander1965 ( Date: 17-Nov-2021 14:23) Posted:
Expressing opinions are fine but keeping on rubbing on others to me are below the belts. The language became more and more vile, towards personal attacks, from both sides. Certain members were hell bent on insulting others.
It took much longer than I expected to have it locked. I am just surprise it was not deleted which seems to be the norm when things like that happened.
DYODD, not happy don' t buy. See values then buy. Or short or whatever you like. And no need to repeat everything every hour or day. A member did that in another thread and was really disliked by many. Countless of threads deleted later, I think he was finally banned. 何 苦 ?
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" With the help of the government agencies and Association of Singapore Marine Industries (ASMI), we managed to bring in workers from India and Bangladesh progressively"
guess who is the president of ASMI. If you guess Mr Simon Kuik (Vice President and Head (Research & Development), Sembcorp Marine Ltd), then you guess right.
I think Mr Kuik would also help SCM bring in some India and Bangladesh workers, don' t you think?
better ( Date: 17-Nov-2021 00:03) Posted:
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Heavy lifting: at Dyna-MacPhoto: DYNA-MAC
Looks like no longer need to use expensive workers from China/ Malaysia. SCM can write back some of its provision.
Workers from India and Bangladesh well timed for Dyna-Mac' s project schedules
16 November 2021 3:31 GMT UPDATED 16 November 2021 3:31 GMT
Dyna-Mac Holdings, the Singapore oil and gas fabricator, said it has been able to bring in workers from India and Bangladesh to help it " protect the schedules of our projects" .
The company specialises in the construction of topsides processing modules for FPSOs, and has a net order book worth S$407 million as at 12 November 2021.
Dyna-Mac said in its quarterly business update that the Covid-19 pandemic continues to have an impact on the economy and global supply chains.
" With the help of the government agencies and Association of Singapore Marine Industries (ASMI), we managed to bring in workers from India and Bangladesh progressively. These additional workers will reinforce our manpower resource as well as protect the schedules of our projects," said Dyna-Mac.
With the rise in the oil price, Dyna-Mac said final investment decisions for FPSO projects could be brought forward, and that the company has been receiving serious enquiries both for its Singapore and China operations.
Yard expansion activities are on track for meeting potential demand, while the company is building up middle management and manpower.
Net profit for the first nine months of 2021 was S$3.6 million, a big improvement on the loss of S$46.8 million in the same period of 2020. (Copyright)
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Noted.
Starship ( Date: 17-Nov-2021 00:18) Posted:
U.S. shale has a message for the Biden administration: Ask us to increase oil production, not OPEC
TUE, NOV 16 20218:54 AM EST
U.S. supply bouncing back
There are signs that the U.S. might not need to look further than home for a boost to oil supplies with production in the U.S. already recovering after
demand was hit during the pandemic.
The International Energy Agency said Tuesday that soaring oil prices, which have hit their highest price in seven years of over $80 a barrel amid rampant
demand, could soon turn lower as the U.S. led a rebound in supply.
https://www.cnbc.com/2021/11/16/occidental-to-biden-ask-us-to-increase-oil-production-not-opec.html |
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Noted.
Starship ( Date: 17-Nov-2021 00:13) Posted:
OPEC Says Oil Market Will Soon Be Over-Supplied: Adipec
November 16, 2021 - 14:02
(Bloomberg) -- OPEC said the global oil market will switch from being under- to over-supplied as early as next month as the economic rebound from the coronavirus pandemic falters.
The group&rsquo s Secretary-General Mohammad Barkindo comments come in the shadow of U.S. politicians putting pressure on President Joe Biden to bring down gasoline prices, possibly by banning crude exports and releasing oil from the government&rsquo s strategic reserve. Biden&rsquo s next move has been a key topic in Abu Dhabi, where some of the world&rsquo s biggest oil and gas companies and many energy ministers are attending the Adipec conference.
https://www.swissinfo.ch/eng/opec-says-oil-market-will-soon-be-over-supplied--adipec-update/47114772 |
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Heavy lifting: at Dyna-MacPhoto: DYNA-MAC
Looks like no longer need to use expensive workers from China/ Malaysia. SCM can write back some of its provision.
Workers from India and Bangladesh well timed for Dyna-Mac' s project schedules
16 November 2021 3:31 GMT UPDATED 16 November 2021 3:31 GMT
Dyna-Mac Holdings, the Singapore oil and gas fabricator, said it has been able to bring in workers from India and Bangladesh to help it " protect the schedules of our projects" .
The company specialises in the construction of topsides processing modules for FPSOs, and has a net order book worth S$407 million as at 12 November 2021.
Dyna-Mac said in its quarterly business update that the Covid-19 pandemic continues to have an impact on the economy and global supply chains.
" With the help of the government agencies and Association of Singapore Marine Industries (ASMI), we managed to bring in workers from India and Bangladesh progressively. These additional workers will reinforce our manpower resource as well as protect the schedules of our projects," said Dyna-Mac.
With the rise in the oil price, Dyna-Mac said final investment decisions for FPSO projects could be brought forward, and that the company has been receiving serious enquiries both for its Singapore and China operations.
Yard expansion activities are on track for meeting potential demand, while the company is building up middle management and manpower.
Net profit for the first nine months of 2021 was S$3.6 million, a big improvement on the loss of S$46.8 million in the same period of 2020. (Copyright)
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My goodness.....9.6 cents by month end. That's more bullish than most forumers here.
SgYuan ( Date: 16-Nov-2021 20:03) Posted:
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Based on the mandatre from the last AGM, SCM can buy back about 2% of shares til the next AGM, amounting to about 240 million shares.
It is now about 120 trading days from the next AGM. So daily purchase of about 2mil shares sounds about right to get us to the next AGM.
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If not now, then when???
2.2mil shares toiday under their DAILY share purchase scheme.
MANFREDTMK ( Date: 16-Nov-2021 17:39) Posted:
The company is sending a powerful signal.
看 够 了 吗 ？ 快 进 来 吧 ， 我 很 想 要 ,很 想 要 . 很 多 水 ， 很 多 水 。 你 很 坏 ， 很 多 水 , 很 多 水 .
IF NOT NOW, WHEN?
pkli899 ( Date: 16-Nov-2021 17:29) Posted:
Aiyo, share buy back............funny action la.
Serve what purpose? |
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About better
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