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Latest Forum Topics / RH PetroGas    Last:0.161    -0.004  Post Reply
Oil and Gas counters are volatile
ahberngh
Elite
20-Jul-2022 10:59     
 
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 Alert Admin 		I tend to agree.

RHP 1P and 2P reserves seem to be currently more than Rex. Also, cost of lifting

is lower for RHP.  RHP management also appears to be more on the ball than Rex, make hay 

while the sun shines.

This is why and I am aiming to convert about half my holdings of  Rex to RHP.

However, if one is hoping for a possible humongous windfall, I think Rex has a better chance

with their prospects in Oman and Norway.

Just my opinion.
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stanip
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20-Jul-2022 10:46     
 
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 Alert Admin 		Bro Blesskeemun, good observation on FX benefits. I also agree that risk is much lower with RHP than Rex. FX helps on RHP costings and also P/E ratio as profits in US$ vs share price in S$. And of course on oil price benefit. Last year H1 oil price was lower than their full year average of $70.

Am watching closely as good chance after H1 results, RHP share price might overtake Rex and the daily price actions would deviate from the current mirroring of Rex.,, an unfair penalty on RHP at this point possibly due to some programming to mirror a 10%+/- delta ignoring the changes in foundamentals between the two.  Just my view.

DYOD
 

blesskeemun      ( Date: 20-Jul-2022 09:40) Posted:

RHP is chiong to overtake lousy REX. Onshore production cost is lower and less risky.....BIG PROFIT will announce on 11/8....
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blesskeemun
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20-Jul-2022 09:40     
 
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 Alert Admin 		RHP is chiong to overtake lousy REX. Onshore production cost is lower and less risky.....BIG PROFIT will announce on 11/8....
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TraderBen
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19-Jul-2022 16:41     
 
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 Alert Admin 		ard that date.. earnings will be huge this time..

stanip      ( Date: 19-Jul-2022 16:15) Posted:

When is RHP announce their mid year earnings? Last year was Aug 12. Any one any update?


 

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stanip
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19-Jul-2022 16:15     
 
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 Alert Admin 		When is RHP announce their mid year earnings? Last year was Aug 12. Any one any update?


 
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ozone2002
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18-Jul-2022 15:43     
 
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 Alert Admin 		0.21        +0.012
never gonna give u up
let' s go RH Petro 
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stanip
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09-Jul-2022 10:35     
 
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 Alert Admin

A tug of war between physical side of the oil equation (supply shortages pushing price up) vs profit taking due to recession risk worries...
The smart long term investors (Buffett) keep buying even more oil...  and wall street sees oil stocks as good buys.
Singapore oil shares opportunities to catch up? H1 result annoucement timing, analysts upgrades?

Buffett Not Afraid of Recent Energy Sell-Off, Buys Another $700M in Occidental

Stock Markets  Jul 07, 2022 05:50PM 
https://www.bing.com/search?q=buffett+buying+more+occidental+petroleum& qs=NWU& pq=buffett+buying+more+occide& sk=NWU1& sc=8-26& cvid=D3BACA1DC1C341609862210B84F98D57& FORM=QBRE& sp=2

Wall Street Analysts See Energy Stocks as Good Buys



Most Wall Street analysts are bullish on energy stocks. JPMorgan believes that energy stocks are a good bet amid the current macro environment. Goldman Sachs also released its  list of buy-rated oil and gas stocks.

However, some brokerages have a bearish view of oil. Citi believes that oil prices would fall to $85 per barrel by the end of 2022. In its bear case scenario of a recession, it expects oil at $65 per barrel in 2022 and $45 per barrel in 2023. JPMorgan on the other hand sees crude oil prices rising to $380 per barrel in the worst-case scenario of cuts from Russia.

Oil Prices Bounce Back From Shocking Collapse

By  Josh Owens  - Jul 08, 2022, 2:00 PM CDT
Tuesday&rsquo s oil price collapse might go down as one of the most memorable moments of the oil market&rsquo s tumultuous year of 2022. Despite being the third-largest daily loss since the onset of oil exchanges, declining crude did not trigger any changes along the futures curve, implying that the huge drop was primarily coming from widespread profit-taking as primarily non-physical participants panicked at the prospect of recession hitting the markets sooner than expected. The balances, however, do not lie &ndash we are still living in times of extremely tight supply and even though it might take some time, the physical side of the equation will push prices back soon.
https://oilprice.com/Energy/Energy-General/Oil-Prices-Bounce-Back-From-Shocking-Collapse.html
 
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phongy45
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08-Jul-2022 11:38     
 
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 Alert Admin 		nice

TraderBen      ( Date: 07-Jul-2022 14:26) Posted:

i would say RHP is a better choice out of the 2..

stanip      ( Date: 07-Jul-2022 13:23) Posted:

Just my personal view... Oil company profit = oil price x volume. If no volume or lower volume, then no profit or lower profit.

Rex has no luck in 2022 with their operational issues which is hurting volume, cost of sales and also cashflow. And adding debts to their balance sheet.

RHP seems to have a better volume story. Their 2 Indon PSC' s only commenced full operation last year. 2021 volume jumped 10% last year to 4,710 barrels (2020 4,290 barrels). Hope year 2 operation could get them even a better yield. And they had cleaned up their balance sheet and now debt free.

I bet there would be 2 different H1 stories coming out from these 2 oil companies soon.    Other views?  DYOD
 
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TraderBen
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07-Jul-2022 14:26     
 
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 Alert Admin 		i would say RHP is a better choice out of the 2..

stanip      ( Date: 07-Jul-2022 13:23) Posted:

Just my personal view... Oil company profit = oil price x volume. If no volume or lower volume, then no profit or lower profit.

Rex has no luck in 2022 with their operational issues which is hurting volume, cost of sales and also cashflow. And adding debts to their balance sheet.

RHP seems to have a better volume story. Their 2 Indon PSC' s only commenced full operation last year. 2021 volume jumped 10% last year to 4,710 barrels (2020 4,290 barrels). Hope year 2 operation could get them even a better yield. And they had cleaned up their balance sheet and now debt free.

I bet there would be 2 different H1 stories coming out from these 2 oil companies soon.    Other views?  DYOD
 

sengkang      ( Date: 07-Jul-2022 10:11) Posted:

Wondering which is a better stock at this present price point.
RH Petro or Rex? Any thoughts?
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iluvgambling
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07-Jul-2022 13:40     
 
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 Alert Admin 		RH just broken down from a large descending triangle.....siao ah u lol

Tracer63      ( Date: 07-Jul-2022 10:34) Posted:

Start accumulating all energy stocks, most counters starting to move soon
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stanip
Veteran
07-Jul-2022 13:23     
 
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 Alert Admin 		Just my personal view... Oil company profit = oil price x volume. If no volume or lower volume, then no profit or lower profit.

Rex has no luck in 2022 with their operational issues which is hurting volume, cost of sales and also cashflow. And adding debts to their balance sheet.

RHP seems to have a better volume story. Their 2 Indon PSC' s only commenced full operation last year. 2021 volume jumped 10% last year to 4,710 barrels (2020 4,290 barrels). Hope year 2 operation could get them even a better yield. And they had cleaned up their balance sheet and now debt free.

I bet there would be 2 different H1 stories coming out from these 2 oil companies soon.    Other views?  DYOD
 

sengkang      ( Date: 07-Jul-2022 10:11) Posted:

Wondering which is a better stock at this present price point.
RH Petro or Rex? Any thoughts?
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alixchoo
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07-Jul-2022 12:04     
 
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 Alert Admin 		yes, Q1 averaged realized price is USD100 per barrel Q2 should be even higher at USD110. 
1H should be good 

stanip      ( Date: 06-Jul-2022 13:11) Posted:

At 22 cents, market is pricing RHP back to Jun/Oct 2021 level when oil was $70-80 because of the overnight recession fear & Citi oil report.
At PE of 5.5x, time to collect some if you still believe in oil as inflation hedge?

Buffett bought oil company few days back for a reason.
Aramco reported record quarter, Shell reported record quarter, Shell reported record quarter...
And last night, Exxon signalled it' s Q2 could DOUBLE its Q1 earnings!

External sentiment will continue to swing between recession and $300 oil the two extremes. so we all need to be prepared. RHP last year average oil price was only $70. As long as RHP has no major volume disappointments, the profit should show in their H1 profit announcement.

DYOD

 

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petson
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07-Jul-2022 10:39     
 
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 Alert Admin 		looks like going the glove way
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Tracer63
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07-Jul-2022 10:34     
 
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 Alert Admin 		Start accumulating all energy stocks, most counters starting to move soon
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TraderBen
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07-Jul-2022 10:25     
 
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 Alert Admin 		exactly.. buy on rumours sell on news.. i bought RH at 16.5 cents and sold off at 38 cents. but lost back the amount at GEAR.. pek chek..

iluvgambling      ( Date: 07-Jul-2022 10:14) Posted:

do you know those med stocks also reported record earnings before the prices start going down ? lol

stanip      ( Date: 06-Jul-2022 13:11) Posted:

At 22 cents, market is pricing RHP back to Jun/Oct 2021 level when oil was $70-80 because of the overnight recession fear & Citi oil report.
At PE of 5.5x, time to collect some if you still believe in oil as inflation hedge?

Buffett bought oil company few days back for a reason.
Aramco reported record quarter, Shell reported record quarter, Shell reported record quarter...
And last night, Exxon signalled it' s Q2 could DOUBLE its Q1 earnings!

External sentiment will continue to swing between recession and $300 oil the two extremes. so we all need to be prepared. RHP last year average oil price was only $70. As long as RHP has no major volume disappointments, the profit should show in their H1 profit announcement.

DYOD

 


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iluvgambling
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07-Jul-2022 10:14     
 
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 Alert Admin 		do you know those med stocks also reported record earnings before the prices start going down ? lol

stanip      ( Date: 06-Jul-2022 13:11) Posted:

At 22 cents, market is pricing RHP back to Jun/Oct 2021 level when oil was $70-80 because of the overnight recession fear & Citi oil report.
At PE of 5.5x, time to collect some if you still believe in oil as inflation hedge?

Buffett bought oil company few days back for a reason.
Aramco reported record quarter, Shell reported record quarter, Shell reported record quarter...
And last night, Exxon signalled it' s Q2 could DOUBLE its Q1 earnings!

External sentiment will continue to swing between recession and $300 oil the two extremes. so we all need to be prepared. RHP last year average oil price was only $70. As long as RHP has no major volume disappointments, the profit should show in their H1 profit announcement.

DYOD

 

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TraderBen
Supreme
07-Jul-2022 10:14     
 
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 Alert Admin 		one thing different about SG and USA stocks is there isnt much institution interests here. with all record profits and no insti insterest. the price WONT move..

stanip      ( Date: 06-Jul-2022 13:11) Posted:

At 22 cents, market is pricing RHP back to Jun/Oct 2021 level when oil was $70-80 because of the overnight recession fear & Citi oil report.
At PE of 5.5x, time to collect some if you still believe in oil as inflation hedge?

Buffett bought oil company few days back for a reason.
Aramco reported record quarter, Shell reported record quarter, Shell reported record quarter...
And last night, Exxon signalled it' s Q2 could DOUBLE its Q1 earnings!

External sentiment will continue to swing between recession and $300 oil the two extremes. so we all need to be prepared. RHP last year average oil price was only $70. As long as RHP has no major volume disappointments, the profit should show in their H1 profit announcement.

DYOD

 

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sengkang
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07-Jul-2022 10:11     
 
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 Alert Admin 		Wondering which is a better stock at this present price point.
RH Petro or Rex? Any thoughts?
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stanip
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06-Jul-2022 16:23     
 
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 Alert Admin

Oil And Gas Stocks Provide A Glimmer Of Light In A Dark Market

https://sg.finance.yahoo.com/news/oil-gas-stocks-glimmer-light-220000225.html
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stanip
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06-Jul-2022 13:11     
 
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 Alert Admin 		At 22 cents, market is pricing RHP back to Jun/Oct 2021 level when oil was $70-80 because of the overnight recession fear & Citi oil report.
At PE of 5.5x, time to collect some if you still believe in oil as inflation hedge?

Buffett bought oil company few days back for a reason.
Aramco reported record quarter, Shell reported record quarter, Shell reported record quarter...
And last night, Exxon signalled it' s Q2 could DOUBLE its Q1 earnings!

External sentiment will continue to swing between recession and $300 oil the two extremes. so we all need to be prepared. RHP last year average oil price was only $70. As long as RHP has no major volume disappointments, the profit should show in their H1 profit announcement.

DYOD

 
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