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EZRA HOLDINGS - RED HOT NEWS
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Lepin888
Veteran |
17-May-2016 08:32
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Banks are putting pressure on assets sales or rights issue and family not prepared to give personal guarantee....so unless things pick up in next 6 months this one can go under.... | ||||
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Lucky03
Elite |
17-May-2016 08:29
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Ezra is for sure a penny stock now.
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Lucky03
Elite |
17-May-2016 08:28
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Oil prices hit 2016 peaks on talk of supply deficit
Oil prices shot up to six-and-a-half month peaks Monday as Goldman Sachs said the market faces a short-term supply deficit due to production outages. MAY 17, 20166:37 AM [NEW YORK] Oil prices shot up to six-and-a-half month peaks Monday as Goldman Sachs said the market faces a short-term supply deficit due to production outages. A much-cited report by the US banking giant said supply disruptions in Nigeria and better demand overall had created a surprising supply crunch in the short run. "With each of these shifts significant in magnitude, the oil market has gone from nearing storage saturation to being in deficit much earlier than we expected," Goldman said. Besides Nigeria, the oil market is also monitoring production outages in Canada due to wildfires and a political crisis in Venezuela that is expected to stifle output in the oil-exporting South American country. "Sentiment is certainly bullish," said Citi Futures analyst Tim Evans, adding that he still views the market as "overbought and vulnerable to correction." US benchmark West Texas Intermediate for June delivery rose US$1.51 to US$47.72 a barrel. Brent North Sea oil for July delivery climbed US$1.14 to US$48.97 a barrel in London. The Goldman forecast is the latest in a series of reports to point to a tighter market. The International Energy Agency last week predicted the glut would shrink in the second half of 2016, due in part to stronger-than-expected demand from India. However, Goldman gave a muted outlook beyond the rest of 2016, saying strong output in Iraq and Iran, among other factors, would shift the market back into surplus in the first quarter of 2017, keeping prices at US$45 a barrel. AFP |
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seanpent
Supreme |
17-May-2016 08:22
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is Ezra a super laggard ?
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Maller
Elite |
16-May-2016 22:46
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Wait until the International funds come and buy up and the counter will fly!!! Oil already recovered, these O& G counters won' t down for long. Huatr ah Mermaid, Ezra and Noble. DYODD
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Lucky03
Elite |
16-May-2016 21:43
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Hopefully with the oil price much higher than the low of US$26 that they can sell the Vietnam asset for a higher price. Ezra has reported that it will not take later than end Jun to conclude the deal. With the new Philippine President elect who has suggested the setting up of JV with China to explore oil in South China Seas, the Asia market may rev up. Ezra recent wins for Thailand and the region may help. The only challenge is that Ezra needs to pull through this difficult period. Its agreement with Bond Holders at last EGM to only make payment for interest for the short term should ease the cash flow crunch. However, it can't sustain losses on hundreds of millions for even a few quarters. It must be seen to have taken drastic measures to cut operating cost, cost of sales and administrative and interest expenses to be taken seriously of its effort to turning around. Simply unloading assets and going asset light will only help with interest expense and improving balance sheet. When the good times return, it will be short of asset to ride the wave. | ||||
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Lucky03
Elite |
16-May-2016 21:23
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Goldman Surprised by Sudden Oil-Market Turn
By Serene Cheong - 16 May 2016, 7:59:32 PM 1:38 May 16 -- Oil is gaining as Goldman Sachs says the market has moved into a deficit earlier than expected. Bloomberg's Ben Sharples reports on "Bloomberg Markets Middle East." The global oil market has flipped to a deficit sooner than Goldman Sachs Group Inc. had expected. A decline in production driven by unexpected supply disruptions, as well as sustained demand, have resulted in a ?sudden halt? to the output surplus, Goldman analysts Damien Courvalin and Jeffrey Currie wrote in a report dated May 15. Other banks such as Morgan Stanley, Barclays Plc and Bank of America Corp. also noted that supply losses are leading markets to rebalance. The unexpected outages caused by everything from wildfires in Canada to pipeline attacks in Nigeria will keep production below demand through the second half of this year, according to Goldman. Still, the return of some output and higher-than-expected volumes from the U.S., the North Sea, Iraq and Iran mean the shortfall will be 400,000 barrels a day rather than the 900,000 previously predicted, it said. A return to surplus production is seen in early 2017. ?The physical rebalancing of the oil market has finally started,? Goldman said. The bank raised its U.S. crude price forecast for the second half of 2016 to $50 a barrel from $45 estimated in March. It cut its forecast for the first quarter of 2017 to $45 from $55, but sees oil at $60 by the end of that year. The bank expects global demand to grow by 1.4 million barrels a day in 2016, versus 1.2 million predicted previously. ?Cyclically Bullish? The changes to forecasts reflect ?our long-held view that expectation for long-term surpluses can create near-term shortages and leaves us cyclically bullish but long-term bearish.? QuickTake Oil Prices West Texas Intermediate crude, the U.S. benchmark, rose 2.1 percent to $47.18 a barrel on the New York Mercantile Exchange at 7:37 a.m. local time. Front-month futures are up 80 percent from a 12-year low earlier this year. Brent, the marker for more than half the world?s oil, was at $48.80 a barrel in London. While supply disruptions over the past two weeks have reduced production by 1.5 million to 2 million barrels a day, prices are up only $2 a barrel, reflecting ample inventories, according to Goldman. With stockpiles at historically elevated levels in several countries, the current outages have had little actual impact on the availability of crude, it said, adding that ?high product stocks would even allow for lower refinery runs if necessary.? Inventory Shifts The pace of withdrawals from inventories is what will drive prices as uncertainty around future supply-demand balances remains ?significant,? according to the bank. ?The price recovery will remain anchored by near-term inventory shifts, with the oil market less forward-looking than over the past two years,? the analysts wrote. While stockpiles in the U.S., the world?s biggest crude consumer, shrank in the week ended May 6 for the first time in more than a month, stored supplies remained close to the highest since 1929, data from the Energy Information Administration show. The oil market ?looks set on a course for rebalancing much faster than previously expected,? making the risk of a sharp price drop unlikely, Barclays analysts Miswin Mahesh and Kevin Norrish said in a report. Francisco Blanch, head of commodities research at Bank of America Merrill Lynch, reiterated his forecast for U.S. prices to reach $54 in the fourth quarter as supply retreats. Adam Longson, an analyst at Morgan Stanley, said that while temporary disruptions have moved markets ?into balance for now,? the ?inventory buffer? is blunting any rally. Market Drivers Goldman?s expectation for a return to a production surplus in 2017 reflects the view that low-cost suppliers such as Saudi Arabia, Kuwait, the United Arab Emirates and Russia will continue to drive output growth, the bank said. ?While the physical barrel rebalancing has started, the structural imbalance in the capital markets remains large,? the analysts wrote. ?The industry still has further to adjust and our updated forecast maintains the same 2016-2017 price level that we previously believed was required to finally correct both the barrel and capital imbalances.? |
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Lucky03
Elite |
16-May-2016 21:15
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Totally agreed that this stock is cornered and completely manipulated. The pattern of buy and sell are so well controlled that whoever behind can easily make the call if it should go up, down or sideways. Crude is surging like no body business but O&G counters will take some time to benefit from it when the industry decides to start investing again.
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happyharvest
Elite |
16-May-2016 21:04
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if it will take off like a rocket, it will long take off. too much debt .. better don' t touch. big contract win could help but crooks operated counter best to be nimble.
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Demostation
Supreme |
16-May-2016 17:01
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Best not to touch this, as its rise is only faked to scam the unwary. Continue to cut loss will save your position, I hope. |
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Lucky03
Elite |
16-May-2016 16:59
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Crude oil is very bullish. Looking for some kind of trigger to let Ezra takes off like a rocket ! | ||||
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Msport
Elite |
16-May-2016 16:28
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can u close above 8c?? 76 look like short trying to cover... |
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Msport
Elite |
16-May-2016 16:17
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showing some buying interests.... |
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olaf14
Member |
16-May-2016 13:54
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Overall market and Oil price up. Hmm morning still see some improvement on this counter just for people to unload | ||||
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seanpent
Supreme |
16-May-2016 11:14
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Rex running ahead ? |
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sfnssie
Member |
16-May-2016 10:50
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Ezra (5DN) has been showing support at 0.073 and resistance at 0.109, according to s g x . s t o x l i n e. |
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seanpent
Supreme |
16-May-2016 10:43
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even at 7.7, that' s more than 35% correction from it' s 12+ in Mar16, and very overly done hor ?
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seanpent
Supreme |
16-May-2016 10:30
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Suppose the good news for EMAS yet to be factored in isn' t it ?
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sharenewbie0301
Veteran |
16-May-2016 10:26
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The rally dont look convincing enough for now | ||||
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Msport
Elite |
16-May-2016 10:25
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Improving fundamentals in oil markets We turn posi ve on the O& G industry as we believe that oil prices have bo omed out based on improving oil supply/demand dynamics. Although we s ll expect companies in the sector to report declining earnings in 2016, the stabiliza on of oil prices around the US$50‐ 60 range may incen vize oil majors to begin ramping capex in 2017 to replenish dwindling reserves. We expect this to trigger an upwards rera ng for the sector. Time to accumulate on a rac ve risk/reward ra o. We have been bearish on the sector since 1Q15 but now with improving fundamentals, we believe stock valua ons have bo omed. It is the me to accumulate quality oil companies, those that are trading at their 10‐ 15 year lows. Oil prices have stabilized above US$40 recently despite the failure of the Doha talks in April 2016. We think the resilience shows that supply/demand dynamics has improved compared to late 2014 and early 2016, and could lead to a sustained recovery > US$50 by as early as 3Q16. Strategy for 2016. First priority is to accumulate those that are trading at trough valua ons yet with good visibility and healthy balance sheet like Triyards Holding (BUY TP $0.55). Other stocks whose valua ons are also at mul ‐ year lows but can survive this downturn include Pacific Radiance (BUY TP $0.40) and Nam Cheong (BUY TP $0.11). For the blue chips, entry price for Keppel Corp (HOLD TP $5.60) is around the S$5 levels. Capex cuts are unsustainable, leading to oil supply problems beyond 2017. The O& G industry has been cu ng capex for two years consecu vely. The last me the industry had this many cuts was in the 1980s. Current E& P capex is expected to decline 10‐ 15% in 2016 a er declining 23% in 2015, according to data by Bloomberg Intelligence. However, 41% of the global drop in capex may be a ributed to cuts in the US. Global E& P spending of < US$500bn are unsustainable as it may not be sufficient to replace exis ng produc on and accommodate for future growth in demand. Upside catalysts and key risks. Upside catalysts include a sustained oil price above US$50 in 3Q16 and supply disrup ons that may easily lt the oil markets into deficit. For example, the recent strike in Kuwait cut the country&rsquo s output by around 1.7 mb/d, which could have easily balanced the current oversupply of 1.5‐ 2 mb/d. Furthermore, unscheduled supply outages in Nigeria, Ghana and Canada, and the ability of Venezuela to sustain produc on levels are adding to the list of supply side problems. Key downside risk includes oil price staying lower for longer as high cost producers (e.g., US Shale, Deepwater) remain resilient and as oil companies cut capex further in 2017. |
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