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EZRA HOLDINGS - RED HOT NEWS
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buysellbuysell
Master |
11-Jun-2015 22:16
Yells: "someone please sell down low so that others can buy low" |
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x 0
x 0 Alert Admin |
Ezra is in uncharted waters now! And the fund houses keep on producing news that ezra is oversold, oil price going up, seems like asking punters and retailers to buy.... So someone can sell to the buyers ?! ezra issuing rights correct ? Why ... It should be earning money, giving money, not asking money... who is that someone? Lol.... Think again |
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Lucky03
Elite |
11-Jun-2015 20:47
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x 0 Alert Admin |
Here's it.
Yahoo Finance The Energy Comeback No One Is Noticing May 20, 2015 8:09 AM Scott Fearon Follow on Tumblr Last week, I flew to my old stomping grounds in Houston and visited seven energy companies in three days. The mood around town and in corporate offices was far more upbeat than my last few trips down there, and not just because the Rockets were in the midst of pulling off one of the biggest comebacks in NBA playoffs history. Despite what you might have heard, the oil business is rebounding. While Wall Street has been preoccupied with terrible first quarter earnings for the energy sector and overreacting to every hint of negative news (as yesterday?s selloff shows), the price of West Texas crude has quietly risen 35 percent from its mid-March nadir: Moreover, even as the Hughes rig count has collapsed, many exploration companies with low debt levels and ongoing production are still turning a profit. Those firms will almost certainly parlay higher crude prices into stronger results in the June and September quarters. Yes, earnings will be down year-over-year. We?re probably not going to see last year?s highs again for a little while, at least. But results will certainly be up versus the first quarter. That could catch market analysts by surprise. The interesting part of this steady recovery is that very few people outside of Houston and other energy centers seem to be noticing it. Energy ETFs like XLE (shown below) have climbed along with oil prices, but their gains from March bottoms have generally been far more modest: This underperformance isn?t just due to wariness among investors after crude?s steep fall last year, or continuing worries about oversupply. It?s the product of a built-in bias. While tech companies trade for enormous multiples of revenues (or even users), the coastal elites who make up so much of our investing class generally disdain traditional energy firms, even obviously undervalued ones. These folks love their high performance luxury cars, but they can?t tell the difference between a Lufkin pump and a drilling rig. Most of all, they want to believe an oil-free future is just around the corner. Guess what? It?s not. Yes, Elon Musk is a smart guy and he might be able to scale Tesla eventually. But the folks running our energy companies are smart, too, and even if Tesla does hit its ambitious sales goals, the vast majority of our transportation infrastructure is going to rely on oil for a long, long time. The best time to buy straw hats, as the old Wall Street saying goes, is in the winter. As distasteful as it might be to many investors, now is probably the best time to be equal or even overweight energy in your portfolio. If you wait until second or third quarter earnings, it could be too late.
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Lucky03
Elite |
11-Jun-2015 20:45
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While we still feel loss with the depressed prices of O&G sector, the below may be a good read.
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Observers
Elite |
11-Jun-2015 19:10
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x 0 Alert Admin |
Not expecting any short term leveraged trader support for this stock until after the rights issue. Buy already must be prepared to fork out 20 cents cash for the rights, if not, massive dilution.
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Lucky03
Elite |
11-Jun-2015 19:05
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World oil demand jumps after price slump - IEA
Reuters 20 mins ago By Alex Lawler and Christopher Johnson LONDON (Reuters) - World oil demand will rise much more than expected this year, the International Energy Agency (IEA) said on Thursday, in the latest sign that the collapse in oil prices is helping to boost fuel use. The agency, in a monthly report, raised its forecast for global oil demand growth in 2015 by 280,000 barrels per day (bpd) to 1.40 million bpd, bringing demand this year to almost 94 million bpd. Surplus www.plccenter.com "Recent oil market strength of course partly stems from unexpectedly strong global oil demand growth," said the Paris-based IEA, which advises industrialised nations on energy policy. Oil prices have recovered this year after hitting a near six-year low close to $45 a barrel in January. Prices collapsed from $115 in June 2014 in a decline that deepened after OPEC refused to prop them up and chose instead to defend market share. The IEA's upward revision makes it the most bullish on demand growth of the three government forecasters closely watched by the oil market. The two others - OPEC and the U.S. government's Energy Information Administration - issued reports earlier this week. Crude prices initially rose after the release of the IEA report. By 0828 GMT on Thursday, benchmark Brent crude was trading at $65.83 a barrel, up 13 cents. As well as lower prices, economic recovery and a relatively cold winter helped lift demand in the first half of the year, the IEA said. The supportive impact of these factors could wane in the rest of 2015. "Recent months have seen a steady acceleration in global oil demand growth, but due to the temporary nature of many of the factors that contributed to the upside, annual growth may subside in the second half of 2015." The IEA also pointed to strong supply. Production by the Organization of the Petroleum Exporting Countries rose to 31.33 million bpd in May, its highest since August 2012, and is likely to remain above 31 million bpd in coming months, the agency said. The IEA raised its forecast of supply growth from non-OPEC producers this year by 195,000 bpd to 1 million bpd, citing an upward revision to U.S. data and fewer summer maintenance shutdowns in other regions. "Lower oil prices and a drop in capital spending are taking time to curb non-OPEC supply," the report said. "Despite signs of a slowdown in non-OPEC supply, notably in the U.S., global production growth remains exceptionally high." |
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niteowl68
Elite |
11-Jun-2015 17:28
Yells: "God Bleess You" |
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x 0
x 0 Alert Admin |
This stock is deeply oversold and RSI very low... seeing a rebound soon! No reaction to EMAS contract win.. or delayed action? |
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niteowl68
Elite |
11-Jun-2015 15:31
Yells: "God Bleess You" |
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x 0
x 0 Alert Admin |
Today' s action all focused on Noble which was severely oversold too as the run up from 65c to 71c within half an hour was fantastic.. |
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Zoroex
Member |
11-Jun-2015 14:13
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x 0
x 0 Alert Admin |
Daily RSI for this stock is around 15 now. oversold. |
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niteowl68
Elite |
11-Jun-2015 13:38
Yells: "God Bleess You" |
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x 0
x 0 Alert Admin |
Just finished lunch... yawn..zzzzz same same stuck here Bid 0.285 Ask 0.29 |
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Lucky03
Elite |
11-Jun-2015 12:15
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x 0
x 0 Alert Admin |
Don't see the buyers who came out in force yesterday around 10am to mop up the sellers .... | ||||
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Lucky03
Elite |
11-Jun-2015 12:00
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x 0
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Even if it can creep up 0.5c daily will be good stabilizing effect. I'm holding to the view that the underwriters will have keen interest to see that the rights and CB are taken up fully. They will do something to support the price.. The recent oil price recovery plus the general improvement of the O&G sector as they overcome the financing constraints will help for the market as a whole. | ||||
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lglg666
Supreme |
11-Jun-2015 11:38
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x 0
x 0 Alert Admin |
It's important and glad to see that the share price is not falling and in the red...and it would be great if can close in the green again today. :) | ||||
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danger
Supreme |
11-Jun-2015 11:03
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x 0
x 0 Alert Admin |
LOAD UP !!!!
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granto
Master |
11-Jun-2015 09:43
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x 0
x 0 Alert Admin |
EMAS Offshore wins $30m contract in West Africa: http://splash247.com/emas-offshore-wins-30m-contract-in-west-africa/ |
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niteowl68
Elite |
11-Jun-2015 09:28
Yells: "God Bleess You" |
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x 0
x 0 Alert Admin |
Congrats to EMAS/ EZRA on the new contract win.. this show that they are still doing good business. Made a Buy call earlier and now it is the Calm before the Storm! |
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danger
Supreme |
11-Jun-2015 09:24
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x 0
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EMAS Offshore, the offshore services provider, announced that it has secured a contract valued at more than US$30 million ($40.3 million), including options. This contract is part of a larger project awarded to EMAS AMC, the subsea services division of Ezra Holdings , for the charter of multiple vessels to an oil major in West Africa, and was awarded following a competitive tender process. Under the job scope, four of EMAS Offshore&rsquo s marine vessels, including an accommodation barge, PSV and AHTSes, will be chartered to EMAS AMC, to provide accommodation, anchor handling, towing, supplying and other support services. In addition, EMAS Offshore will participate in a major Maintenance, Modifications and Operations (MMO) project. The average contract duration for the contract is 1.3 years including options and work is expected to start in the fourth quarter of FY2015. |
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Demostation
Supreme |
11-Jun-2015 08:55
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x 0
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Agreed with what you are saying. But because rights issue is like selling us retail investors or funds, cheaper shares in return for some money. This in effect not only dilute our investments, but demands that we contribute further amounts to invest in the company. There is no guarantee that when we further contribute, our hard earned money placed with the company will be still be the same or gaining. So by not entering now we can watch the situation before we " support" the share again. My pov. Lol. |
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Lucky03
Elite |
11-Jun-2015 08:16
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x 0
x 0 Alert Admin |
I can understand that for companies that issues rights due to accumulated losses and issue of ongoing concern hence need to restore its kitty so that it can continue as ongoing concern. They will need to restructure and nurse the balance book and financial health. I don't think this is the same case for Ezra. It is due to short term expiry of bonds due and issuing rights is cheaper than renewing the bonds at much higher interest rate thus raising interest expense. Anyway, we are not able to influence the price and have to leave to the BB. It is obvious they control the market now.
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Demostation
Supreme |
11-Jun-2015 08:02
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x 0
x 0 Alert Admin |
Every possibility that after rights it may trade lower, as always happens. Recovery may stammer until a stable market returns.
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Lucky03
Elite |
11-Jun-2015 00:35
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x 0
x 0 Alert Admin |
Why not ?
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