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Latest Posts By WL123456
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| 07-Nov-2017 15:53 |
Mermaid Maritime
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Mermaid Maritime
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I am not sure if it will hit $0.50 but $0.20 -$0.30 should be ok . Anyway now the price retrace abit to 0.161. A good price to enter if you miss . Futures for WTI delivery for Feb 2018 already hitting usd57.63(CME Group) . Now that oil is at $63-$64 , profit is definitely in for mermaid . Expect more contracts coming in . The most important aspect is this company is the best O and G company among others to invest in . It has zero debt ( means no share dilution and debts to repay) and it?s a net cash company(has cash on hand to make acquisitions if any) once in profit , expect them to resume dividend paying days) . The Best Bet for the O and G recovery due to oil.
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| 07-Nov-2017 12:33 |
Mermaid Maritime
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Mermaid Maritime
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Wah only after few hours now 162. Looks like it?s heading to 0.17 soon . NAV usd 33c . Zero debt net cash company now only at sgd0.162. Super cheap company . With oil now heading to $70, those whose pockets are deep can hold and make decent profits. Not for contra though . Should be $0.2 in a short while .
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| 07-Nov-2017 12:28 |
KrisEnergy
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KrisEnergy
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Agreed . As long as Temasek is not selling , I am not selling .
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| 07-Nov-2017 09:21 |
Mermaid Maritime
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Mermaid Maritime
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There?s no double top. Oil is now at $64/$65. This price alone will bring MM to recovery . 100% sure you won?t MM at 0.157 in a few weeks time .
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| 07-Nov-2017 04:29 |
Rex Intl
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Rex International
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$64 a barrel . Watch this fella fly too . | ||||
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| 07-Nov-2017 04:28 |
Mermaid Maritime
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Mermaid Maritime
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Oil at $64 now , this fella will fly . | ||||
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| 07-Nov-2017 01:46 |
KrisEnergy
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KrisEnergy
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Oil now at $63 going $65 and kris still stuck at $0.11. The valuation is totally wrong so it make sense to take this opportunity to accumulate. | ||||
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| 06-Nov-2017 09:53 |
KrisEnergy
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KRIS ENERGY - 0.4x B/V + KEPPEL + FIRST RESERVE
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Transport company will provide the support with oil prices this week as they will have to buy in to hedge . Airlines around the world will have to stock up their oil futures contract otherwise their profits will be eroded by oil prices . | ||||
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| 06-Nov-2017 09:38 |
KrisEnergy
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KRIS ENERGY - 0.4x B/V + KEPPEL + FIRST RESERVE
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Yup, in fact SGX O and G counters are lagging worldwide so I fashion funds will come in and pick up really cheap O and G stocks. Kris, mermaid marinetime . Interra and rex are among the laggards . Those with cash can consider picking them now as OPEC wants to push oil past $70.
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| 06-Nov-2017 09:25 |
Mermaid Maritime
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Mermaid Maritime
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Bloomberg news headline on oil :
Oil hits 28 month high as OPEC behemoths backs extending limits . Watch mermaid fly . Those with cash should hold buy and hold this stock .
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| 06-Nov-2017 09:17 |
Mermaid Maritime
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Mermaid Maritime
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Last chance to buy this fella at this price . With oil hiring $65 soon , their projects will coming in fast and furious . | ||||
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| 06-Nov-2017 09:07 |
KrisEnergy
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KRIS ENERGY - 0.4x B/V + KEPPEL + FIRST RESERVE
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Brent oil $62 heading $63. Oil is surging . | ||||
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| 03-Nov-2017 15:01 |
Mermaid Maritime
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Mermaid Maritime
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Not yet double TOP. Anyway MM has a few multi million contracts to make it profitable . The latest being the usd$96 million contract won on 26th of September. Total contracts for 2017 now more than usd$200 mil
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| 03-Nov-2017 12:12 |
KrisEnergy
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KrisEnergy
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The losses will be narrower since the average sales price should increase with oil averaging between $50-$60 bbl. Also the last Q losses is affected by a one time impairment loss due to disposal of subsidiary. Either a small profit or small narrow loss. | ||||
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| 03-Nov-2017 11:50 |
Mermaid Maritime
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Mermaid Maritime
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For those who have the capital to hold , and at current oil prices , mermaid is the safest exposure to O and G . Rex, Interra and kris energy comes second . Down 4 pips most like due to contra sellers . Can use this chance to accumulate . | ||||
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| 03-Nov-2017 09:42 |
KrisEnergy
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KrisEnergy
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The most important thing is Temasek , being the other substantial shareholder , is not selling any shares at all. Keppel crop is backing kris energy and at above usd $60 a barrel, profit will be rolling in for kris energy. The other point to note is despite the selling by FR, the share price did not plunge massively . I suspect the open market transaction could be involving purchases make by private vehicles such as those of the new CEO who had been quite aggressive in piling up his share. It?s the price of the oil that will determine kris worth and not First Reserve because when the dust settles , the profit and loss will eventually reveal the true price of this equity .
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| 02-Nov-2017 10:25 |
Mermaid Maritime
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Mermaid Maritime
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It?s a very solid company . Can?t ask for more . Zero debt and cash rich ! In a month or 2 time , it?s imposdible to get it at current prices.
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| 02-Nov-2017 10:15 |
Others
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Oil price is all ready to go beyond $50 dollars ++
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Looks like finally looking good for the O and G sector .
- Crude oil prices continued to climb on Wednesday, boosted by signs of improving compliance with the Organization of the Petroleum Exporting Countries's supply cut deal. The U.S. West Texas Intermediate crude December contract was up42 cents or about 0.77% at $54.80 a barrel by 03:45 a.m. ET (07:45 GMT), the highest since January. Elsewhere, Brent oil for January delivery on the ICE Futures Exchange in London was up 31 cents or about 0.51% at a two-year high of $61.25 a barrel. Crude prices were boosted following news OPEC's October output declined by 80,000 bpd to 32.78 million bpd, putting adherence to its pledged supply curbs at 92%, compared to September's 86%. In addition, Russia said it cut its output by around 300,000 bpd last month, below October 2016 levels of 11.247 million bpd. The reports came after OPEC?s Secretary General Mohammad Barkindo noted last week comments from both Saudi Arabian Crown Prince Mohammed bin Salman and Russian President Vladimir Putin that suggested they were in favor of a nine-month extension for the current deal to cut production by 1.8 million barrels a day. He said that their remarks ?clear the fog on the way to (the cartel?s next meeting in) Vienna on November 30.? Meanwhile, market participants were eyeing official U.S. stockpiles data to be released on Wednesday by the U.S. Energy Information Administration. On Tuesday, the American Petroleum Institute said oil supplies declined by 5.087 million barrels in the week ended October 27, compared to expectations for a fall of 2.100 million barrels. Elsewhere, gasoline futures were steady at $1.747 a gallon, while natural gas futures rose 0.24% to $2.912 per million British thermal units. |
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| 02-Nov-2017 10:12 |
KrisEnergy
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KrisEnergy
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Crude oil prices continued to climb on Wednesday, boosted by signs of improving compliance with the Organization of the Petroleum Exporting Countries's supply cut deal.
The U.S. West Texas Intermediate crude December contract was up42 cents or about 0.77% at $54.80 a barrel by 03:45 a.m. ET (07:45 GMT), the highest since January. Elsewhere, Brent oil for January delivery on the ICE Futures Exchange in London was up 31 cents or about 0.51% at a two-year high of $61.25 a barrel. Crude prices were boosted following news OPEC's October output declined by 80,000 bpd to 32.78 million bpd, putting adherence to its pledged supply curbs at 92%, compared to September's 86%. In addition, Russia said it cut its output by around 300,000 bpd last month, below October 2016 levels of 11.247 million bpd. The reports came after OPEC?s Secretary General Mohammad Barkindo noted last week comments from both Saudi Arabian Crown Prince Mohammed bin Salman and Russian President Vladimir Putin that suggested they were in favor of a nine-month extension for the current deal to cut production by 1.8 million barrels a day. He said that their remarks ?clear the fog on the way to (the cartel?s next meeting in) Vienna on November 30.? Meanwhile, market participants were eyeing official U.S. stockpiles data to be released on Wednesday by the U.S. Energy Information Administration. On Tuesday, the American Petroleum Institute said oil supplies declined by 5.087 million barrels in the week ended October 27, compared to expectations for a fall of 2.100 million barrels. Elsewhere, gasoline futures were steady at $1.747 a gallon, while natural gas futures rose 0.24% to $2.912 per million British thermal units. A widely follow poll by Traders of oil pointed to a $65 delivery by month end . Lot of profit for kris and others .
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| 01-Nov-2017 16:28 |
KrisEnergy
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KrisEnergy
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12c maybe not today but next few days . Anyway oil just hit a new record 61.39. Kris , mermaid , Rex and Interra should be lagging so they are st a good price to enter now before they get too expensive .
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