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EZRA HOLDINGS - RED HOT NEWS
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BetterStill
Veteran |
11-May-2015 22:39
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OPEC thinks that there is no way oil return back to 100$ in 10 years. OnG counter future not that bright lor. | ||||
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Lucky03
Elite |
11-May-2015 22:12
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Going to continue to hear 2 sides of the story of where the crude prices will be heading. The key is for stability rather than wild swing.
Oil Extends Eight-Week Rally as U.S. Crude Supply Seen Dropping By Mark Shenk - 11 May 2015 9:40:10 pm Oil rose in New York, extending an eight-week rally, on speculation U.S. stockpiles will decline as refineries boost gasoline output. West Texas Intermediate crude climbed as much as 0.7 percent, following the longest run of weekly advances since February 2013. ?WTI is strong because of the drawdown in supply and strong refinery demand,? John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund that focuses on energy, said by phone. ?There should be further declines as refineries increase gasoline production in the weeks ahead.? WTI for June delivery rose 30 cents to $59.69 a barrel at 9:36 a.m. on the New York Mercantile Exchange. The contract climbed 45 cents to $59.39 on Friday. Total volume was 33 percent below the 100-day average for the time of day. Brent for June settlement declined 19 cents to $65.20 a barrel on the London-based ICE Futures Europe exchange. |
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Lucky03
Elite |
11-May-2015 22:08
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OFFICES ACROSS THE GLOBE
Our offices are located across the globe to service clients needs both globally and locally. Led from our headquarters in Singapore, EMAS has offices in 16 locations around the world. CORPORATE HEADQUARTERS Singapore 15 Hoe Chiang Road #28-01 Tower Fifteen Singapore 089316 Tel: (65) 6349 8535 [email protected] AUSTRALASIA Thailand Rasa Tower, Tower II, Unit no. 1104 11th floor, 555 Phaholyothin Road Chatuchak, Chatuchak, Bangkok 10900, Thailand Vietnam 99 Quarter 3, Thanh My Loi Ward, Dist 2 Ho Chi Minh City, Vietnam India T-3 Kalpataru, Doctors Colony, Visakhapatnam, India Brunei Lot 5481 Jalan Pandan Empat Kuala Belait KA 1931 Negara Brunei Darussalam Australia Building A Ground Floor, 355 Scarborough Beach Road, Osborne Park, WA 6017 Malaysia AMERICAS USA (Regional Office) 2103 Citywest Blvd. Ste. 500, Houston, TX 77042, USA Tel: (1) 832 487 7300 Fax: (1) 713 782 1610 [email protected] EUROPE Norway (Regional Office) 1. Laberget 24 (Kanalpiren, Hinna Park), 4020 Stavanger Stavanger,Norway 2.Lilleakervn 2A, 0283 Oslo, Norway Postboks 247 Lilleaker, 0216 Oslo, Norway Tel: (47) 2212 7500 [email protected] United Kingdom Pinnacle House 23-26 St Dunstan?s Hill London EC3R 8HN AFRICA Nigeria 24 Erastus Akingbola St Lekki Ph. 1 Lagos, Nigeria
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pnuklis
Master |
11-May-2015 20:15
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AMC the subsea division isbased in Norway and LL the chinaman controlling the angmo sitting in Singapore and making money out of that!! Day dreaming guys. iPO at $1.30 and now below 50 cents. The whole company is ruined by moving from one pocket to another. He must have run out of ideas to list/move/split the shares to generate interest and it is the same old wine in new bottle. Shorters paradise it is here |
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moron101
Supreme |
11-May-2015 19:54
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Everyday dropping. Lau sai stock.. | ||||
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danger
Supreme |
11-May-2015 10:14
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COMING !!!!!! |
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Lucky03
Elite |
09-May-2015 16:44
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If Ezra Mgmt buys back some shares from market, it will be a big boost of confidence. Hope to hear from Lionel Lee soon in his new capacity as Chairman of the Subseas Division. It makes up 70% of Ezra revenue.
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Shifu8888
Supreme |
09-May-2015 13:10
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The firm floor for oil prices seem firm enough now. The drilling activities are back. Easing in Europe and China will be more intensified which means more energy demand. US macro data seems to suggest interest rate hike will be put on hold which means businesses can continue its "free money" expansion. The coming inventory numbers are also crucial. My take: increased holding in Ezra. Grossly oversold and poised for huge rebounds. | ||||
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Lucky03
Elite |
09-May-2015 12:07
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When someone started shouting short, it may be just round the corner for a rebound. Technically heavily oversold.
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appleronaldo
Veteran |
09-May-2015 10:36
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short short short!!! |
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pnuklis
Master |
09-May-2015 10:10
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What next after resigning from the board positions LL |
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Lucky03
Elite |
09-May-2015 02:07
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This could be ironical but resumption of drilling while may tamper the prices of crude but may actually be positive for O&G plays that offer support and maint services. The key is that stability of prices will be crucial. Even just staying range bound within mid US$54+ - US$65+ may be helpful for establishing a baseline to adapt and adjust and return to growth.
America?s Oil Drilling Boom Is Sputtering Back to Life By Lynn Doan - 9 May 2015 1:30:52 am The oil boom isn?t dead after all. For the first time in five months, a rig in the Williston Basin, where North Dakota?s Bakken shale formation lies, sputtered back to life and started drilling for crude once again. And then one returned to the Permian Basin, the nation?s biggest oil play, field services contractor Baker Hughes Inc. said Friday. Shale explorers including EOG Resources Inc. and Pioneer Natural Resources Co. say they?re preparing to bounce back from the deepest and most prolonged slowdown in U.S. oil drilling on record. The country has lost more than half its rigs since October, casualties of a 49 percent slide in crude prices during the last half of 2014. Futures rallied above $60 a barrel earlier this week, and a sudden return to oil fields would threaten to end this fragile recovery. ?You?re inviting a lot of pent-up supply to come back into the market -- not only do you have people drilling again, but you have this fracklog of over 4,000 uncompleted wells,? Harry Tchilinguirian, the head of commodity markets strategy at BNP Paribas SA in London, said by phone. ?And then we?re in a situation where the market could easily go back into the mid- $50?s.? While rigs are returning to some fields, the total U.S. count has continued to decline, losing 11 this week to reaching a four-year low on Friday. The drilling slowdown won?t reach a real bottom for about another month, James Williams, president of energy consultant WTRG Economics, said by phone from London, Arkansas. Nearing End ?This is an indicator that we?re nearing the end of the bust,? he said. ?What we?re going to see now are mixed signals from the different basins as we near the bottom of the cycle.? Carrizo Oil & Gas Inc., Devon Energy Corp. and Chesapeake Energy Corp. all lifted their full-year production outlooks this week. EOG said on Tuesday it plans to increase drilling as soon as crude stabilizes around $65 a barrel, while Pioneer has said it is preparing to deploy more rigs as soon as July. Morgan Stanley said underlying data show drilling is already picking up in some counties within Texas?s Eagle Ford shale formation and the Permian Basin of Texas and New Mexico. ?Prices are triggering activity that could undermine the U.S. recovery, especially in 2016,? Morgan Stanley analysts including Adam Longson said in an April 27 research note. The U.S. rig count may recover to 1,200 to 1,300 should prices rally past $70 a barrel, Allen Gilmer, chief executive officer of the Austin-based energy data provider Drillinginfo, said by phone on May 1. The total rose for three straight days in late April, he said. ?The service companies have responded very quickly in regards to dropping prices, and it has become very attractive, especially for companies with hedged positions, to come back right now before those hedges fall off,? Gilmer said. ?We?re a few weeks from the bottom now. You?ll start seeing it build up.? |
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Lucky03
Elite |
08-May-2015 23:47
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I'm beginning to realize not to put too much emphasis on day to day fluctuation. The speculations and traders are causing all the wild swing. Stay focus on fundamental. China just announced aggressive purchase of crude oil. Saudi announced they will step up oil exploration and invest in more oil refineries plants in China, Asia, etc. There are various kinds of O&G plays. Like Linc Energy, they are into oil exploration and they take directly hit. Companies like Ezion, Ezra, Offshoring, Triyards, they are into servicing and support. More important to them will be the quality of the clients and effective cost of serving. Oil exploration will always be out there for them to win and serve.
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Jimmykohkk
Master |
08-May-2015 22:22
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Oil drops again.. must be Saudi preventing the oil from going up. They really want to kill off USA oil producer |
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Jimmykohkk
Master |
08-May-2015 22:19
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4) u talking about me right? For the next 2-3 years, oil will yo yo between $45 to $70 becos whenever oil goes up, production by USA increases, then price goes down and it repeats in endless cycles. Saudi really wants USA shale oil producers to be out of business and the only way is to prolong the price war which Saudi can afford. But in order to kill of USA shale oil, it needs a long period of low oil price... So if u buy o& g when oil at almost at it' s peak , u are infact buying at high. U shd buy o& g counters at low when oil is around $45 to 55, then sell at high when oil is $60 to 70. Of course IF Saudi decides to co-operate with non-opec producer including the USA shale producer to cut production, then $100 oil price will be possible and all the o& g will fly thru the roof. Until this happens, why not buy low (oil $45-$55) and sell high (oil $60 to $70). Just my personal view. Anyway our $$$ is hard earned money, so why risk losing ur hard earned money by buying high and then get stuck?
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Lucky03
Elite |
08-May-2015 21:39
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This lot may depict the current situation of Ezra and those vested.
Lot 87 The mountaineer strives to reach the middle ridge the setting sun may leave him stranded. He turns to heaven and asks god for help. Amid cliff and crag, refuge has he now found. Jade is found after chiseling the stone. Gold is found after sifting the sand. Rely on no-one, trust your efforts alone. To attain success, exercise your reason and mind. This scene describes a man who sifts and rinses the sand and then finds gold. It is a good omen, meaning that a man of power and influence is always supporting you. Your family is not safe and you can only be safe through prayer. You will waste time and energy in trying to make profit. You must be cautious in all financial dealings. |
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Lucky03
Elite |
08-May-2015 08:29
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The sharp oil price pull back may be related to 3 factors :
1. Saudi proposing 5 days truce at Yemen 2. Drillers ready to restart drilling if WTI Crude reaches US$65 3. Speculators and trader taking profit/shorting Anyway, Ezra didn't respond to the recent surge in oil price from US$56 to a peak of US$62. Guess WTI Crude will find a base around US$59-US$62 for a while. Perhaps will give some time for the industry to adjust and adapt. This was what Ezra mentioned in its 1H Report. : A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months The ongoing headwinds in the oil price environment have resulted in oil companies significantly reducing exploration budgets and moderating development capital expenditures. Any prolonged and continued decline in the oil price could lead to a slow-down in new project awards. Nevertheless, the Group maintains a backlog of US$2.3 billion* and our tendering activities remain robust. The Group continues to focus on executing its current backlog profitably and rationalising its non-core assets with the ultimate aim of deleveraging and strengthening its balance sheet. While the current environment is challenging and will cause volatility in our results, we are cautiously optimistic that the long-term fundamentals of the oil and gas industry will remain encouraging. * 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. |
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risktaker
Supreme |
08-May-2015 07:20
Yells: "Posts are opinions. Do not take it as investment advise " |
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Oil drop 3% widely expected.... let me tell u why ezra run out of favour...
1) in its best days it is making over 100mill net profit... 2) recent results shows its almost in red.... 3) ezra annc it will cut man power...to save cost... means only 1 thing desperate to maintain its margin. A growing company shouldnt cut jobs.... especially u have built up so much back log.... 4) oil prices are going for a pull back again....like one of the bro suggested u maybe buying at high price... 5) foriegn funds are selling everyday...seems like they can sense something bad coming... 6) coming qtr results a high chance to be in red? My thoughts only... i could be wrong..
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KAMAL0883
Supreme |
07-May-2015 10:02
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previously Ezra get whack down by shortists LL will come out and defence and push up sharp but now a day he lcan' t be bother liao ..., up to shortists to do anything.. I guess he' s too old to fight back : (
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Jimmykohkk
Master |
07-May-2015 05:11
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I prefer to buy low sell high.. I think now is the time to sell when oil price is at recent high. I still believe in buy low sell high. Buying O& G counters now is very risky. Why not buy when oil was 40+, why buy now when oil is at recent high?? Buy when everyone is saying bad things while sell when everyone is shouting chiong har
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