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Jimmykohkk Master	07-May-2015 05:08        Jimmykohkk About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lucky03      ( Date: 06-May-2015 23:19) Posted: Crude prices hit fresh 2015 highs after oil inventories showed a surprise drop, the first in 17 weeks. Supplies were down 3.9 million barrels for the week ended May 1. Economists had forecast an increase of 1 million barrels. West Texas Intermediate crude oil rose 2.6% to $61.99 a barrel. Jimmykohkk      ( Date: 06-May-2015 12:30) Posted: One thing no one will know. Is this the peak? brent oil touching $70 (peak).  if this is the peak and u are buying O^G counters with oil at the current peak, then asking for trouble lo.. ==> Buy high Or this is just on the way to the peak, say brent oil to touch $80, then of course u will gain ... But no one knows :) is like betting liao.. so those conservative investors are likely to wait for tonite oil production report ba
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Lucky03 Elite	07-May-2015 00:54        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The market can always find a reason for price movement - either way. Crude Pares Gains After U.S. Gasoline Stockpiles Increase By Mark Shenk - 6 May 2015 10:37:17 pm 1:28 May 6 -- Bloomberg's Scarlet Fu reports on U.S. crude oil invesntories. She speaks on ?Market Makers.? Oil pared gains after U.S. gasoline stockpiles rose last week. Gasoline supplies climbed 401,000 barrels to 227.9 million. Inventories of distillate fuel, a category that includes heating oil and diesel, rose 1.5 million to 130.8 million, according to the Energy Information Administration. ?Gasoline is leading the way down here,? said Tariq Zahir, a New York-based commodity fund manager at Tyche Capital Advisors. ?There are a lot of products being built. It?s more of an indication that demand is not as strong as people had anticipated.? West Texas Intermediate for June delivery rose 48 cents, or 0.8 percent, to $60.88 a barrel at 11:46 a.m. on the New York Mercantile Exchange. Futures reached $62.58, the highest level in more than four months, after the EIA report was released. Lucky03      ( Date: 07-May-2015 00:00) Posted: Looks like a typical sell on news. When the inventory dropped instead of rise, crude surge momentarily and now experiencing correction. May be good to test if it will stabilize and resume up trend again. That will help to set a floor for a reversal. Lucky03      ( Date: 06-May-2015 23:19) Posted: Crude prices hit fresh 2015 highs after oil inventories showed a surprise drop, the first in 17 weeks. Supplies were down 3.9 million barrels for the week ended May 1. Economists had forecast an increase of 1 million barrels. West Texas Intermediate crude oil rose 2.6% to $61.99 a barrel.
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Lucky03 Elite	07-May-2015 00:00        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like a typical sell on news. When the inventory dropped instead of rise, crude surge momentarily and now experiencing correction. May be good to test if it will stabilize and resume up trend again. That will help to set a floor for a reversal. Lucky03      ( Date: 06-May-2015 23:19) Posted: Crude prices hit fresh 2015 highs after oil inventories showed a surprise drop, the first in 17 weeks. Supplies were down 3.9 million barrels for the week ended May 1. Economists had forecast an increase of 1 million barrels. West Texas Intermediate crude oil rose 2.6% to $61.99 a barrel. Jimmykohkk      ( Date: 06-May-2015 12:30) Posted: One thing no one will know. Is this the peak? brent oil touching $70 (peak).  if this is the peak and u are buying O^G counters with oil at the current peak, then asking for trouble lo.. ==> Buy high Or this is just on the way to the peak, say brent oil to touch $80, then of course u will gain ... But no one knows :) is like betting liao.. so those conservative investors are likely to wait for tonite oil production report ba
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Lucky03 Elite	06-May-2015 23:19        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Crude prices hit fresh 2015 highs after oil inventories showed a surprise drop, the first in 17 weeks. Supplies were down 3.9 million barrels for the week ended May 1. Economists had forecast an increase of 1 million barrels. West Texas Intermediate crude oil rose 2.6% to $61.99 a barrel. Jimmykohkk      ( Date: 06-May-2015 12:30) Posted: One thing no one will know. Is this the peak? brent oil touching $70 (peak).  if this is the peak and u are buying O^G counters with oil at the current peak, then asking for trouble lo.. ==> Buy high Or this is just on the way to the peak, say brent oil to touch $80, then of course u will gain ... But no one knows :) is like betting liao.. so those conservative investors are likely to wait for tonite oil production report ba Lucky03      ( Date: 06-May-2015 12:26) Posted: Read this if you are interested as it will give a more balanced view as you expected. For now, WTI Crude hits US$61.61.
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rewq4321 Member	06-May-2015 21:36        rewq4321 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Need at least $80 before shale is profitable.  Jimmykohkk      ( Date: 06-May-2015 12:10) Posted: what if shale production in USA  start to increase again due to the recent jump in oil price? the oil price will drop 5% instantly... must give both sides ma.. u only give the good side Lucky03      ( Date: 06-May-2015 11:57) Posted: EIA report on crude inventory will be released tonight. Market may have priced in reduced increased volume. If it turns out a net reduction insead, then crude price will jump again.
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Qanghoo Supreme	06-May-2015 17:45        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha.  Beautiful analogy.  RoundRound      ( Date: 06-May-2015 17:37) Posted: Singapore is dead easy to bring down share price but struggle to move up. Like people say, up climb staircase, down take lift.... that's life here in SG....LOL pinkowl      ( Date: 06-May-2015 17:31) Posted: This EZRA like immune to good news. Sigh...need 0.47 to breakeven. Who said I got a good price? Sob.
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pinkowl Supreme	06-May-2015 17:43        pinkowl About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	Yes. It' s healthier for the knees. :P Sorry, I digressed.
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HongLimPark Senior	06-May-2015 17:42        HongLimPark About Contact  Quote this Post!
x 0   x 0  Alert Admin	STI down 3 consecutive days let' s wait for a change game tomorrow
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RoundRound Elite	06-May-2015 17:37        RoundRound About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tikam Tikam can also"
x 0   x 0  Alert Admin	Singapore is dead easy to bring down share price but struggle to move up. Like people say, up climb staircase, down take lift.... that's life here in SG....LOL pinkowl      ( Date: 06-May-2015 17:31) Posted: This EZRA like immune to good news. Sigh...need 0.47 to breakeven. Who said I got a good price? Sob.
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pinkowl Supreme	06-May-2015 17:31        pinkowl About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	This EZRA like immune to good news. Sigh...need 0.47 to breakeven. Who said I got a good price? Sob.
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Lucky03 Elite	06-May-2015 17:06        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	WTI Crude hits US$62 ! Time for Ezra to show its hands tomorrow.
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Lucky03 Elite	06-May-2015 17:00        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Closing to US$62 ! Lucky03      ( Date: 06-May-2015 16:58) Posted: WTI crude just spiked to Us$61.80. Ezra price is disappointing.
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Lucky03 Elite	06-May-2015 16:58        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	WTI crude just spiked to Us$61.80. Ezra price is disappointing.
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Jimmykohkk Master	06-May-2015 12:30        Jimmykohkk About Contact  Quote this Post!
x 0   x 0  Alert Admin	One thing no one will know. Is this the peak? brent oil touching $70 (peak).  if this is the peak and u are buying O^G counters with oil at the current peak, then asking for trouble lo.. ==> Buy high Or this is just on the way to the peak, say brent oil to touch $80, then of course u will gain ... But no one knows :) is like betting liao.. so those conservative investors are likely to wait for tonite oil production report ba Lucky03      ( Date: 06-May-2015 12:26) Posted: Read this if you are interested as it will give a more balanced view as you expected. For now, WTI Crude hits US$61.61. Lucky03      ( Date: 06-May-2015 12:21) Posted: Agree but the likelihood is leaning to reduced increased volume. If you read some of the report in Bloomberg, it will be more costly to restart the drillers that have been shut down. There is also report of above expectation of aggressive cut in capital expenditure by the shale production companies to the point that supply may actually lag demand from as early as 2 quarters from now. The caveat is the potential of fracking where some the drillers may have already drilled to the point short of extracting the oil but suspended temporarily. Who knows how much of that is actually available or just analysts projection who are not actually running the business in the ground. Of course there will always be 2 ways - up or down
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Lucky03 Elite	06-May-2015 12:28        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This probably gives a more balanced view as you expected. Oil Analysts Practice Cautious Capitulation as Crude Surprises By Grant Smith - 6 May 2015 7:01:00 am A Valero Energy Corp. oil refinery stands in Memphis, Tennessee, U.S. Refiners globally processed an extra 1 million barrels a day last quarter compared with a year earlier. Photographer: Luke Sharrett/Bloomberg As oil prices climbed above $68 Tuesday for the first time since December, analysts at some of the world?s biggest banks were holding onto views that this would be a bad year for crude -- just not as terrible as they originally predicted. Rather then extending last year?s losses, Brent, the global benchmark, has rallied 49 percent from a six-year low in January as demand accelerated and the rapid growth in supplies started to slow. The rebound is a shock. At the start of 2015, Bank of America Corp., Barclays Plc and Goldman Sachs Group Inc. all predicted that oil might collapse to about $30 a barrel. Now, though, they are raising their price estimates while remaining skeptical that crude will gain much above current levels. There are still risks, including U.S. shale oil coming back into the market with the increase in prices, they say. ?We?re past the lows for the oil market,? Sabine Schels, an analyst at Bank of America in London, said by phone. ?The balances are tightening. This is most visible in the U.S., where the surplus has eased significantly. Supply is still greater than demand, but less than it used to be.? Boosting Estimates Bank of America raised its 2015 Brent crude forecast to $58 in a report on April 24, from $52 previously. The bank said in a report dated Jan. 15 that Brent would ?spiral down? to $31, and West Texas Intermediate crude, the U.S marker, to $32, by the end of the first quarter. Brent rose as high as $115.71 last June. Barclays raised its 2015 forecast for average Brent prices to $60 in a report on April 28, up from $51 in February and $44 in January, citing surprisingly strong Chinese demand growth of 700,000 barrels a day in the first quarter. Concern that the conflict in Yemen will curb Middle East supplies, and output disruptions from Norway to Mexico added to the revision. ?The range seems to have shifted with the price discovery process,? Miswin Mahesh, an analyst at Barclays in London, said by phone. ?It seems like a comfortable level now. What?s changed is how quickly demand has adjusted higher. The first-quarter China numbers are a great example.? U.S. drillers cut the number of oil rigs in operation since the start of the year by 55 percent since the start of the year, according to Houston-based field services company Baker Hughes Inc. Rigs targeting U.S. oil slid by 24 to 679, the lowest level since September 2010, Baker Hughes said on May 1. The nation?s output from tight-rock formations will decline in May, according to the Energy Information Administration. More Aggressive ?U.S. producers have responded more aggressively than we had expected,? Goldman Sachs analysts including New York-based Damien Courvalin said in an April 6 report. This gives ?modest upside? to their three-month price target for WTI of $40, according to the report. The bank wasn?t able to make analysts available to interview for this article. JPMorgan Chase & Co., which predicted that Brent could fall to $38 in March, raised its forecasts for the year to $62 on April 30. ?It?s a tighter market than we were expecting and I think demand is the culprit,? David Martin, JPMorgan?s London-based head of global oil strategy, said by phone on May 1. ?Our view back in January was the build in stocks was really going to weigh on the crude market and depress the front end of the crude curve. We?ve seen upside surprises in demand, which have allowed refiners to run harder and absorb that crude.? More Demand Refiners globally processed an extra 1 million barrels a day last quarter compared with a year earlier. The bear market in Brent crude ended without the most pessimistic estimates being realized. The price has risen from a six-year low of $45.19 on Jan. 13 and settled Tuesday in London at $67.52 after rising as high as $68.40. Citigroup?s Ed Morse predicted in a report dated Feb. 9 that prices would ?bottom? by the start of the second quarter, with WTI falling toward $20. Goldman Sachs said in a report dated Jan. 11 that Brent would trade at about $42 in early April. Goldman president Gary Cohn told CNBC on Jan. 26 that prices could fall to $30. Still, analysts maintain the view prices will struggle to advance significantly in the second half. U.S. shale supplies will prove more resilient than anticipated, as drilling resumes with rebounding prices, and demand in emerging economies will struggle to climb further as fuel subsidies are removed, Bank of America and Barclays predict. WTI may suffer a ?double-dip? to $50 in the third quarter, Bank of America says. ?Growth in emerging markets is still fairly uncertain -- higher oil prices would risk the recovery we?re seeing there,? said Barclays?s Mahesh, who forecasts Brent will average $61 and $66 in the third and fourth quarters respectively. ?I wouldn?t say the worst is completely in the rear-view mirror.? Jimmykohkk      ( Date: 06-May-2015 12:24) Posted: well.. i can use this example to help u la... Tonite oil production drop and oil price shoot up more = betting on Chelsea to win Tonite oil production increase/stop dropping and oil price tank = betting on Liverpool to win Tonite oil production within expectation and oil price more or less remains the same   = betting on a draw. how? like tat suitable ? :) This coming sunday Chelsea vs Liverpool at Stamford bridge..   Lucky03      ( Date: 06-May-2015 12:21) Posted: Agree but the likelihood is leaning to reduced increased volume. If you read some of the report in Bloomberg, it will be more costly to restart the drillers that have been shut down. There is also report of above expectation of aggressive cut in capital expenditure by the shale production companies to the point that supply may actually lag demand from as early as 2 quarters from now. The caveat is the potential of fracking where some the drillers may have already drilled to the point short of extracting the oil but suspended temporarily. Who knows how much of that is actually available or just analysts projection who are not actually running the business in the ground. Of course there will always be 2 ways - up or down
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Lucky03 Elite	06-May-2015 12:26        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Read this if you are interested as it will give a more balanced view as you expected. For now, WTI Crude hits US$61.61. Lucky03      ( Date: 06-May-2015 12:21) Posted: Agree but the likelihood is leaning to reduced increased volume. If you read some of the report in Bloomberg, it will be more costly to restart the drillers that have been shut down. There is also report of above expectation of aggressive cut in capital expenditure by the shale production companies to the point that supply may actually lag demand from as early as 2 quarters from now. The caveat is the potential of fracking where some the drillers may have already drilled to the point short of extracting the oil but suspended temporarily. Who knows how much of that is actually available or just analysts projection who are not actually running the business in the ground. Of course there will always be 2 ways - up or down. Jimmykohkk      ( Date: 06-May-2015 12:10) Posted: what if shale production in USA  start to increase again due to the recent jump in oil price? the oil price will drop 5% instantly... must give both sides ma.. u only give the good side
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Jimmykohkk Master	06-May-2015 12:24        Jimmykohkk About Contact  Quote this Post!
x 0   x 0  Alert Admin	well.. i can use this example to help u la... Tonite oil production drop and oil price shoot up more = betting on Chelsea to win Tonite oil production increase/stop dropping and oil price tank = betting on Liverpool to win Tonite oil production within expectation and oil price more or less remains the same   = betting on a draw. how? like tat suitable ? :) This coming sunday Chelsea vs Liverpool at Stamford bridge..   Lucky03      ( Date: 06-May-2015 12:21) Posted: Agree but the likelihood is leaning to reduced increased volume. If you read some of the report in Bloomberg, it will be more costly to restart the drillers that have been shut down. There is also report of above expectation of aggressive cut in capital expenditure by the shale production companies to the point that supply may actually lag demand from as early as 2 quarters from now. The caveat is the potential of fracking where some the drillers may have already drilled to the point short of extracting the oil but suspended temporarily. Who knows how much of that is actually available or just analysts projection who are not actually running the business in the ground. Of course there will always be 2 ways - up or down. Jimmykohkk      ( Date: 06-May-2015 12:10) Posted: what if shale production in USA  start to increase again due to the recent jump in oil price? the oil price will drop 5% instantly... must give both sides ma.. u only give the good side
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Lucky03 Elite	06-May-2015 12:21        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree but the likelihood is leaning to reduced increased volume. If you read some of the report in Bloomberg, it will be more costly to restart the drillers that have been shut down. There is also report of above expectation of aggressive cut in capital expenditure by the shale production companies to the point that supply may actually lag demand from as early as 2 quarters from now. The caveat is the potential of fracking where some the drillers may have already drilled to the point short of extracting the oil but suspended temporarily. Who knows how much of that is actually available or just analysts projection who are not actually running the business in the ground. Of course there will always be 2 ways - up or down. Jimmykohkk      ( Date: 06-May-2015 12:10) Posted: what if shale production in USA  start to increase again due to the recent jump in oil price? the oil price will drop 5% instantly... must give both sides ma.. u only give the good side Lucky03      ( Date: 06-May-2015 11:57) Posted: EIA report on crude inventory will be released tonight. Market may have priced in reduced increased volume. If it turns out a net reduction insead, then crude price will jump again.
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Demostation Supreme	06-May-2015 12:14        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	I was expecting 47 to 48 today, but not happening, leh.
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Lucky03 Elite	06-May-2015 12:12        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ezra should conduct an analyst brief to share on the prospect for the subsea business and LL game plan to boost up confidence and also to give them better leverage to refinance the loans due in Sep. Demostation      ( Date: 06-May-2015 12:02) Posted: Wow, if they used the past as a guide, Ezra should be around 60 cents.   I wonder if it is going to happen?   If s, huat for vested.. danger      ( Date: 06-May-2015 11:48) Posted: US CRUDE $61.40 !!!!!
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