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EZRA HOLDINGS - RED HOT NEWS
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RoundRound
Elite |
20-May-2015 07:32
Yells: "Tikam Tikam can also" |
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Ezra may test sub-40c soon with weakening future crude prices and the lashing going on with Ezion. That might provide a good entry point but the movement of Ezra is no more interesting as the spread is limited | ||
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lglg666
Supreme |
20-May-2015 07:24
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True....someone who knows the situation well also have reasons and power to keep the price to low? Tread with caution but continue to monitor it. Longer term should be fine
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yNotcool
Member |
20-May-2015 05:58
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API result is out. Weekly inventories drawn down at 5.2min bbl with cushing at -217k bbl (most of the drawn down at gulf coast i guess?) we could double check the EIA report Apologies for earlier mistake: -EIA report available at today 10+pm not am. -Saudi king and not prime minister nor president (applicable for only other gulf nations) To add on, decline in oil price as seen now is mainly due to dollar strengthening which intensified sell off of front month future contract (june) which expires today (tuesday) in US market. July' s remains higher than june. likewise for august higher than july which points to a recovering prospect by traders also not forgetting environmental factor other than economical and political factors of shale oil which has been gaining recognisition lately. The recently years 100fold increasesd in seismic activities around oklahoma linked may be due to wells drilled near the fault line. this may push for tighter control of shale well drilling especially near popoulated areas. not to mentioned also the toxic fumes that may release over the time from the pressurized waste liquid injected. Now lets c if oil can recover back some losses done today (wed) in singapore and US market time |
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yNotcool
Member |
20-May-2015 01:45
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i think we shouldnt forget that even IF Iran deal get thru and IF they managed to get sufficient foreign investment in a timely manner then they could double up their export, fastest at 3-6months time (as what iran they themselves said, bloomberg analyst forcast production to only increase siginificantly by next year due to poorly maintained oil field) also not forgetting Europe qe pledge which resulted in better than expected economical activities measurable by pmi index in past few months. Plus! A strong then expected euro performance relative to other currencies against the stregthening dollar (euro is not in a serious deflation crisis as what many thot?) also not forgetting China had just announced another interest rate cut to further stimulate the economy which is alignment with currencies war waged between countries to boos the economy and export. Let' s c upcoming China hsbc and gov official manufacturing pmi index to verify. This will be able to tells us if Li keqiang is a talk no result premier or some one more capable than what we Thot off (if your interested like me) Not forgetting modi 2015 plan which centralized power reducing an used to be 2-3 years admin procedure (due to language barrier) to merely months and therefore making it easier for foreign investment to build offices in India (he has to battle increasing farmers suciding rate thou as gov has power to take land by force now). Plus a possible higher China gdp growth by 2016 or even 2015! Which means they need more oil! Also can' t forget winter is over and seasonal maintenance to change refineries heating oil to summer drive grade gasoline is completed which means crude demand to refinery is higher and oil inventory will continue to drop ( has already dropped since may). Production is tappering in usa and expected to decline. Let' s make sure in api report at 4am and double confirm eia report tomorrow 10am! Also not forgetting break even cost for shale is wti $60-70 let' s take avg of $65, if I am the boss I won' t risk producing at $65. I may wait for $75 for some buffer ( just my personal biz opinion to keep afloat) plus fracklog account to approx 400k bbl/day and by time all fracklog are completed production in older well may have dropped the same amount or more (shale shelf live is about 2 years on avg with most productive period at first 6 months after tt it goes into drastic decline) Plus Yellen is a strong believer of " philips curve" and adopts a very dovish approach to interest rate hike. we are forgetting the possibility that she may be forced to postpone the hike till next year or beyond if the indicators do not aligned. afterall i believe she has been holding back so long is because she does not want to tip the delicate " goldilock economy" Not forget also by selling at current brent price of oil, gulf nations are burning their foreign reserves (rapidly selling US debt instrument/assest) to keep fiscal policy intact. In my personal opinion again, if I am president/prime minister of Saudi, I would not keeping selling my country resource as such deep discount. After all I have shown my competitors what I am capable of when I am forced into a corner. Disclaimer: I am not saying Ezra is a must buy but would just like to emphasize oil price has more uptrend potential ahead. I am more worried if kra canal were to be built, it could have an major impact to our oil & gas and marine sectors especially those with shipping docking, repair or conversion as part of their revenue. And Singapore losing its position as the global trade port. |
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Jimmykohkk
Master |
19-May-2015 23:55
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U forget June the Iran deal will be finalised, then more supply of oil and oil price will tank again.. and June also Opec meeting. If this time they never cut again, will be a repeat of last year Nov Opec meeting where they never cut and oil tanked.
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buysellbuysell
Master |
19-May-2015 23:48
Yells: "someone please sell down low so that others can buy low" |
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Slowly , now maybe there will be a spike in the Ezra share counter. Ezra will be back, if the current Iraq situation worsens and oil output is cut temporary, this will happen if there is fallout at the Iran reinforcements to recapture Iraq grounds . oil price will rise as a result and so will Ezra follow. But for how long and how soon this will happen... I see it as maybe around 4 - 8 weeks from now ? |
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Jimmykohkk
Master |
19-May-2015 23:09
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be careful, oil dropping again.. |
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Lucky03
Elite |
19-May-2015 17:06
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Even Swiber can surge and Ezra still struggling .... Someone dumping last minutes. Wonder who is the seller. | ||
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Lucky03
Elite |
19-May-2015 16:01
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Should have bottomed out. | ||
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lglg666
Supreme |
19-May-2015 11:37
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Time is right? Already bottom out? | ||
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Demostation
Supreme |
19-May-2015 11:29
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I think the time to enter is now. Lol.. |
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teeth53
Supreme |
19-May-2015 11:13
Yells: "don't learn through life, learn to grow with life " |
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Almost.....To follow Ezion foot step???. | ||
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KAMAL0883
Supreme |
19-May-2015 10:49
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almost already .....
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Lucky03
Elite |
19-May-2015 10:47
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Has Ezra found a floor ? | ||
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Demostation
Supreme |
18-May-2015 10:10
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Time to consider putting some cash on Ezra. Just a right timing. Look at our petrol prices, shooting up fast, saving the nation future trades plenty of money, I think...But the trend is now correct, oil is going to make money for sg, lol...
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Lucky03
Elite |
16-May-2015 11:23
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If Swiber can spike up, I seriously can't see why not Ezra. | ||
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Lucky03
Elite |
16-May-2015 11:18
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What's that ? By the way, good to see crude prices stable. It has been 11 days since Lionel Lee was appointed as Chairman of Emas Amc to focus on subsea business and should we be expecting to hear some updates soon ?
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happyharvest
Elite |
15-May-2015 20:44
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Did anyone notice a bullish tri-star? |
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Lucky03
Elite |
15-May-2015 07:10
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Hope to see stability in the range of US$59-US$62. | ||
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Jimmykohkk
Master |
15-May-2015 04:12
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