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EZRA HOLDINGS - RED HOT NEWS
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pinkowl
Supreme |
16-Apr-2015 13:51
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Haha. Serious or not? The daily stoch looks a bit high leh. Persuade me again. :)
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KAMAL0883
Supreme |
16-Apr-2015 13:44
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yes , just load lah, no hesitation 
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pinkowl
Supreme |
16-Apr-2015 13:36
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I' m so tempted to load on this. See how long I can withhold the temptation. |
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ruanlai
Elite |
16-Apr-2015 10:27
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SINGAPORE (April 16): Ezra Holdings has clinched US$55 million (S$74.9 million) worth of new contracts for subsea services. |
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KAMAL0883
Supreme |
16-Apr-2015 09:37
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Bro, seem like not many people support Ezra despite your strong recommendation LOL .... But i am behind you .... 
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danger
Supreme |
16-Apr-2015 09:27
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SINGAPORE (April 16): Ezra Holdings has clinched US$55 million ($74.9 million) worth of new contracts for subsea services. The scope of work includes removing pipelines and structures and installing buoys, as well as carrying out inspection, maintenance and repair work. The company has started work on some of these projects and expects to begin the rest from 3Q2015. The contracts were awarded by oil majors, national oil companies and independent oil producers, according to Ezra, which provides construction, subsea, chartering and drilling services to the offshore oil and gas industry. The company' s order backlog is about US$2.3 billion. Ezra has secured US$550 million worth of projects so far this year. |
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danger
Supreme |
16-Apr-2015 08:50
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BIG BUY VOLUME PILING IN | ||||
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danger
Supreme |
16-Apr-2015 08:23
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HUAT AHHHHHHH !
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Lucky03
Elite |
16-Apr-2015 07:39
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Ezra?s subsea division clinches several global projects totalling US$55 million
The contract awards come from a variety of oil majors, national oil companies and independent oil operators Maintains a healthy backlog of US$2.3 billion, with majority of contracts to be executed over the next 24 months SINGAPORE 16 APRIL 2015 For immediate release Ezra Holdings Limited (?Ezra? or ?the Group?), a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group?s Subsea Services division, EMAS AMC, has won multiple new awards from various oil and energy companies worth approximately US$55 million. Scope of work includes project support, inspection, maintenance and repair (IMR), subsea removal work of pipelines and structures, installation of buoys and lifting of structures and mattresses, as well as a pre-FEED study. Work has commenced for several projects, with the others slated for offshore execution from Q3FY2015 onwards. ?Amidst the volatile oil price environment and current headwinds faced by the oil and gas industry, we continue to show resilience with contract wins across the globe. The spectrum of work also builds our global track record and demonstrates our subsea expertise and the capabilities of our project enabling assets,? said Mr Lionel Lee, Ezra?s Group CEO and Managing Director. The Group has secured a healthy backlog of approximately US$2.3 billion1, with a majority of the contracts expected to be executed over the next 24 months. Since the beginning of 2015, Ezra has announced some US$550 million project wins across the Group. 1 The Group?s backlog is inclusive of a backlog of US$491 million from the two FPSOs, Lewek EMAS and Perisai Kamelia that EMAS Offshore Limited has stakes in. PAGE 1 OF 3 |
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Lucky03
Elite |
16-Apr-2015 06:02
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EZRA Moving Averages has touched and likely breaking out for the first time the higher end of the Bollinger Bands since its sharp decline from its high of $1.20 from around Jul 2014. I think that's a positive sign. Will have to see how strong will the short sellers be to defy the market trend and again attempt to manipulate it. | ||||
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Lucky03
Elite |
16-Apr-2015 05:55
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Crude WTI rallied overnight to touch above US$56.40 and closed just shy of US$56 last seen around Dec 2014. The much lower jump in shale oil production than anticipated prompted market to speculate that the reduction of shale oil production may be finally happening soon and a rally in oil prices is imminent. Back around Dec 2014, EZRA was trading around $0.55 after dropping quickly from $0.70+ in line with the weakness of oil prices. Let's see if there will be a gap up and that it closes convincingly higher to break above its 50d MA and to challenge its 100d MA around $0.51 for an early indication of reversal of trend. | ||||
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Lucky03
Elite |
15-Apr-2015 23:47
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Oil Rises to Three-Month High
By Mark Shenk - 15 Apr 2015 10:38:03 pm Oil advanced to the highest level this year in New York after a government report showed U.S. crude stockpiles climbed by the least since January. Futures rose as much as 3.6 percent. Crude supplies climbed 1.29 million barrels last week, according to the Energy Information Administration. It was the smallest gain since the seven days ended Jan. 2. A 3.6 million-barrel boost was the median of 10 analyst estimates in a Bloomberg survey. Gasoline inventories dropped to the lowest level since December. Oil prices are almost 50 percent lower than a year ago as the Organization of Petroleum Exporting Countries maintains a policy of defending market share in response to the highest U.S. output in more than three decades. OPEC production rose the most in almost four years in March, the International Energy Agency said Wednesday in a report. ?The supply gain was a lot smaller than what we?ve gotten accustomed to so the report is bearish even though inventories are at the highest level in more than 80 years,? John Kilduff, partner at Again Capital LLC, an energy hedge fund in New York, said by phone. ?The big drop in gasoline is also supportive, since it?s the seasonal leader.? Market Movement West Texas Intermediate for May delivery increased $1.83, or 3.4 percent, to $55.12 a barrel at 11:04 a.m. on the New York Mercantile Exchange. Futures reached $55.44, the highest level since Dec. 29. Volume was 51 percent above the 100-day average for this time of day. Brent for May settlement, which expires Wednesday, climbed $1.14, or 2 percent, to $59.57 a barrel on the London-based ICE Futures Europe exchange. The more active June contract gained $1.25, or 2.1 percent, to $61.06. The European benchmark crude traded at a $4.45 premium to WTI. ?We?ve tested the $54 and change area three times since Jan. 2 and retreated,? Bob Yawger, director of the futures division at Mizuho Securities USA Inc. in New York, said by phone. ?If we can hold above it now we?ll reach a new high for the year and start testing new targets.? U.S. crude supplies have increased for 14 weeks to 483.7 million, the highest level in records compiled by the EIA since August 1982. Monthly data going back to 1920 show stockpiles haven?t been this high since 1930. Record Supplies Inventories at Cushing, Oklahoma, the delivery point for WTI traded in New York, climbed 1.29 million barrels to a record 61.5 million. Crude production fell 20,000 barrels a day to 9.38 million last week, according to the EIA. That?s down from 9.42 million on March 20, the most in weekly estimates that started in January 1983. Output has surged as the combination of horizontal drilling and hydraulic fracturing, or fracking, unlocked supplies from shale formations in the central U.S. U.S. drillers cut the number of active rigs seeking oil to the least since 2010, according to Baker Hughes Inc., a sign that production may soon peak. Output from shale formations such as North Dakota?s Bakken will fall 57,000 barrels a day in May, the EIA said Monday. Deutsche Bank AG, Goldman Sachs Group Inc. and IHS Inc. have projected that U.S. oil production growth will end, at least temporarily, with futures near a six-year low. Refinery Activity Refineries operated at 92.3 percent of their capacity, up 2.2 percentage points from the prior week, the report showed. U.S. refiners schedule maintenance for late winter as they transition from winter fuels to maximizing gasoline output. Supplies of gasoline fell 2.07 million barrels to 227.9 million, the lowest level since December. Inventories of distillate fuel, a category including diesel and heating oil, rose 2.02 million barrels to 128.9 million. Gasoline futures for May delivery rose 4.29 cents, or 2.3 percent, to $1.8789 a gallon. May ultra low sulfur diesel climbed 3.94 cents, or 2.2 percent, to $1.8411. OPEC raised output by 890,000 barrels a day to 31.02 million a day in March, the biggest monthly gain since June 2011, the Paris-based IEA said. The group?s 12 members, which pump about 40 percent of the world?s oil, are scheduled to meet June 5 in Vienna. ?OPEC?s core Gulf producers -- led by Saudi Arabia -- appear to be sticking with their defense of market share,? the IEA said Wednesday in its monthly market report. The IEA lowered its prediction for North American oil production in the second half of the year by 160,000 barrels a day. That?s partly because of a weaker outlook for the U.S., where drillers have cut the number of rigs in service to the lowest since 2010, according to Baker Hughes Inc. |
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Lucky03
Elite |
15-Apr-2015 22:16
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We should have seen the worst of O&G counters. There may be some profit talking along the way and short sellers trying to push down again. If the overall Europe Econimies recover, they should more than offset any weakness experienced by China. Their consumer market is no less than China as they are more willing to spend and they have to spend to increase growth. | ||||
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rewq4321
Member |
15-Apr-2015 21:13
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come on break 5 | ||||
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Qanghoo
Supreme |
15-Apr-2015 20:57
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The pace of the drop in rig counts in the US is really amazing. Over the last few mths, the no of rigs has dropped by close to 50%. What is more amazing though is the quite negligible decrease in US oil output. If there is an oil px rally, the shale taps will surely be gushing full blast again. If this is the case, oil px is not likely to jump too much. But the demand side of things, especially in Asia, have also help propped up px recently. That was why SA had been able to raise px to Asian customers. Given these dynamics, pr wld probably rise to around 70-80 USD in H215? Hopefully, with this, the OnG counters here have some legs to run.
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Lucky03
Elite |
15-Apr-2015 19:17
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Shale Output Is Falling Faster Than Expected
By Joe Carroll - 15 Apr 2015 12:00:03 pm Shale drillers will see production drop sooner than expected under a U.S. government forecast, a momentum change that hints at an eventual price rally. Just five months after Saudi Arabia put the market into a tailspin by refusing to cut supply despite a global glut, the shale oil industry will record its first monthly dip since U.S. officials began weighing output in 2013. The projected production drop is small, just 1 percent. Yet investors took note, pushing oilfield stocks to the top five spots in the Standard & Poor?s 500 Index on Tuesday, led by rig operators Ensco Plc and Diamond Offshore Drilling Inc. The decline lags the idling of rigs because of a backlog of already-drilled wells that have gradually been coming online. ?OPEC?s plan is playing out and price is correcting the oversupply,? said Michael Scialla, an analyst at Stifel Nicolaus & Co. in Denver, in a telephone interview. West Texas Intermediate crude, the U.S. benchmark, climbed 3 percent to $53.47 a barrel at 2:03 p.m. in New York, extending the rising streak to a fourth trading session. Shale fields make up about half of total U.S. production, which will continue growing this year and next, rising to 10.3 million barrels a day in 2025, according to a new longterm forecast by the Energy Department Tuesday. Crude lost almost 60 percent of its value since late June, making some shale fields unprofitable to develop and forcing companies to cut back exploration prospects. Oil explorers were forced to shut down more than half the rigs drilling for crude in the U.S. since the Saudi statement in November, and canceled expansion plans to conserve cash. ?Hyperbolic Decline? ?The question on everyone?s mind was would we see it in the second or third quarter, and I?m not surprised it?s happening in the earlier part of that range,? said David Pitts, chief financial officer at Houston-based producer Carrizo Oil & Gas Inc. Wells extracting oil from dense shale rock experience ?hyperbolic decline rates,? Pitts said by telephone. Comstock Resources Inc. halted all crude drilling at the start of the year and expects the oil production decline to begin in its third-and fourth-quarter results, said Gary Guyton, the Frisco, Texas-based company?s director of planning. ?Shale is a treadmill, so if you?re not drilling, you?re not producing,? Guyton said in a telephone interview. Overall, the production decline ?might not be hugely significant but at least it won?t be growing.? The flexibility to ramp operations up and down quickly makes shale fields especially attractive to oil companies coping with volatile fluctuations in world oil markets, said ConocoPhillips CEO Ryan Lance last week in an interview at Bloomberg headquarters in New York. Resilience Matters ?We think we?re going into a world that?s going to be characterized by lower, gradually rising prices, but a lot of volatility,? Lance said. ?When you have that volatility, what you want is the ability to be flexible and resilient and be able to flex your programs up and down.? Shale producers such as EOG Resources Inc. have been predicting U.S. output would decline by the end of the year. In February, the Houston-based company said its own production would reach a nadir during the second and third quarters. Lance said he expected U.S. output to fall in the second half of the year, helping prices to recover to as high as $80 a barrel in the next three years. ?There is a supply response happening. You don?t see it in the first half of the year because of the investments that we made over the last two years,? he said. ?The reductions in capital that the industry has made are substantial. That?s going to start to materialize in the back half of this year.? OPEC Role Saudi Arabia, the dominant member of the Organization of Petroleum Exporting Countries, squelched efforts by some in the cartel to curb output in November, accelerating a fall in oil prices prompted by oversupplies. Saudi crude has been displaced from some U.S. markets as the flood of domestic shale oil offered refiners a cheaper alternative. The five major U.S. shale oil regions will pump an average of 5.561 million barrels a day in May, down from this month?s estimated 5.618 million, the Energy Department said in a report released Monday. The Niobrara formation northeast of Denver will lead the decline with a 3.3 percent drop, according to the Energy Department in Washington. In the Niobrara formation, which lies beneath northeast Colorado and the edges of Kansas and Wyoming, the production fall-off will be sharper than in other regions because explorers were quicker to idle rigs, said Andrew Cosgrove, an analyst at Bloomberg Intelligence. Compared to other shale-oil areas, individual wells in the Niobrara don?t produce as much crude, reducing profitability, he said. Hedge Help The two biggest operators in the Niobrara -- Anadarko Petroleum Corp. and Noble Energy Inc. -- have been slowing activity and deferring work, according to Scialla, the Stifel Nicolaus analyst. Only one of the primary producers in the formation -- Denver-based PDC Energy Inc. -- hasn?t slowed down, and that?s because they locked in cash flow prior to the oil market?s crash with financial instruments called hedges, Scialla said in a telephone interview. ?The Niobrara wells are cheaper and shallower than in the other shale plays but they?re not as prolific either,? he said. ?They cost about half as much as a typical well in the Eagle Ford or the Bakken but they also only produce about half as much.? Permian Rising After the Niobrara, the Eagle Ford shale in Texas and the Bakken formation in North Dakota will register the next biggest month-over-month production declines in May, with 1.9 percent and 1.7 percent, respectively. In the other two major U.S. shale oil regions -- the Permian in Texas and the Utica in Ohio -- output is expected to rise in May, the Energy Department said. Explorers will be cautious about resuming their old pace of drilling out of fear that rising production would deflate prices again, Carrizo?s Pitts said. |
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Lucky03
Elite |
15-Apr-2015 19:06
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Which is more relevant - price of WTI or Brent ?
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KAMAL0883
Supreme |
15-Apr-2015 18:37
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wow ....you
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moron101
Supreme |
15-Apr-2015 18:35
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$60.48 now..
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moron101
Supreme |
15-Apr-2015 15:44
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Brent crude likely to close at 60 usd today or tomorrow. Watch out. US energy stocks all rocketed to sky high.. Ezra will test new high again. | ||||
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