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EZRA HOLDINGS - RED HOT NEWS
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Lucky03
Elite |
04-May-2015 21:07
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Is that even likely at all when Ezra spin off Ezion, Triyards and EMAS Offshore right ?
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journey
Member |
04-May-2015 20:31
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[JAKARTA] Indonesian tycoon Tahir said his purchase of a 14.9 percent stake in Singapore-listed Ramba Energy Ltd is a " good entry" to oil and gas and may look at more expansion opportunities in the sector. Ramba, which has oil and gas assets on the Indonesian islands of Java and Sumatra, said on Sunday it will raise S$17.9 million (US$13.4 million) in net proceeds from a private placement of 68 million shares at S$0.27 each to Tahir. The announcement sent Ramba shares surging as much as 17 per cent on Monday. " There are several blocks in Indonesia that are promising. Ramba also has a big room for expansion," Mr Tahir, the founder of Indonesian conglomerate Mayapada Group, told Reuters by phone." It' s a good entry to start in the oil and gas sector." Mayapada' s hospital operator unit, PT Sejahteraraya Anugrahjaya Tbk, is planning a rights issue to raise 1 trillion rupiah (US$77 million) in the second quarter, Tahir said. - REUTERS |
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Shifu8888
Supreme |
04-May-2015 20:28
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The merger of Ezra and Ezion will be bad for the latter. But this is something interesting
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yoyoyoyo
Veteran |
04-May-2015 18:49
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will la, today business got mentioned liao... analysts around world expect from now to end of this year, oil be $60-80
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KAMAL0883
Supreme |
04-May-2015 18:48
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very likely Ezra will merge with Ezion |
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Lucky03
Elite |
04-May-2015 17:42
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There may be a chance for WTI Crude to hit US$60 soon. | ||||
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buysellbuysell
Master |
04-May-2015 10:07
Yells: "someone please sell down low so that others can buy low" |
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ezra maybe soft for now, the crude price vs crude inventories build is not very clear, may go uptrend in the next 6 months by year end 2015 |
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Lucky03
Elite |
04-May-2015 08:13
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The Shale Boom Has Already Gone Bust - At Least For Now
By Bradley Olson and Dan Murtaugh - 4 May 2015 7:01:00 am The meteoric rise in U.S. oil production has ended, easing a global glut and driving a rebound in crude prices from below $50 a barrel, according to crude trader and hedge fund manager Andrew J. Hall. Oil production from Texas to North Dakota peaked at almost 10 million barrels a day in February and has been falling since then, Hall said in a letter Friday to investors in Astenbeck Capital Management LLC, his commodities hedge fund. A drastic reduction in drilling rigs is starting to shrink U.S. oil output, according to U.S. government data cited by Hall. That?s helped drive a 36 percent rally in the past six weeks, and prices will continue to rise because it will be harder for producers to ramp up than it was to cut back, Hall said in his letter. Lower crude prices have also boosted demand, while the risk of supply disruptions across the Middle East is growing amid sectarian tensions. ?We have now reached a turning point,? Hall wrote. Growing demand and supply pullbacks ?rendered all the doomsday forecasts self-defeating.? West Texas Intermediate, the U.S. benchmark crude, settled at $59.15 a barrel Friday, marking a 3.5 percent rise for the week. Astenbeck funds were up more than 10 percent through April, and gained 10 percent in 2014 even as oil fell by more than half, according to people familiar with its performance, who declined to be identified because the information was not public. $100 Million Known for making aggressive bets on rising oil prices, Hall became renowned in 2009 after being paid about $100 million while at Citigroup Inc., a bank that received government assistance during the financial crisis. For more than two decades he led Phibro LLC, a commodities trading company bought from Citigroup by Occidental Petroleum Corp. Phibro is in the process of being shuttered by Occidental. Hall separated from Phibro last year and is now exclusively focused on Astenbeck. Founded in 2010, Astenbeck manages a total of about $3 billion. Hall?s production estimate is based on weekly data from the U.S. Energy Information Administration. The EIA?s numbers have been closely watched by the market for signs that a record pullback in the number of rigs drilling for oil since October has begun to reduce output. The EIA has predicted that oil output from major shale plays would begin to decline in April. Total average daily U.S. production will peak this year in the second quarter before falling by 210,000 barrels in the third quarter, the agency said in a report last month. Oil Adjustments Hall says the EIA data is derived from estimates at state agencies that generally lags months behind, making it ?essentially an artifice.? A more accurate gauge of U.S. output is an ?adjustment? the agency uses, which, in addition to the weekly number, adds up changes to how much oil is in storage, how much was used in refineries and how much was imported and exported, Hall said. Paul Sankey, an energy analyst at Wolfe Research, also noted the trend in a report Thursday to investors. The amount of production that isn?t accounted for has fallen ?dramatically? in the last two weeks, suggesting U.S. daily output may have fallen by as much as 200,000 to 300,000 barrels in April, he said. ?That number seems high to us, but it does support the notion that U.S. production is rolling over at present,? said Sankey, a former analyst at the Paris-based International Energy Agency. Buy Hate Imports, refinery demand and storage level data all come from surveys the EIA conducts with oil companies. Export data comes from the U.S. Census Bureau. Production data comes from a variety of sources, including state and federal regulatory agencies. In a perfect world, the supply and disposition would equal each other, said Mike Conner, a petroleum analyst at the EIA. But they often don?t, so the EIA uses the adjustment figure to balance it out. ?All we really know for sure is the supply components are not enough to make up for the volume on the disposition side,? Conner said. ?We don?t know if the error is in field production, imports, refinery inputs or what have you. Different analysts are going to have different interpretations.? Hall, who said earlier this year that he planned to invest in the shares of U.S. shale producers, believing they would rally, said it is now better to bet on oil. ?Many years ago we were told by a veteran of the commodities business that the secret to making money was to ?buy it when they hate it and sell it when they love it,?? he wrote. ?We do not base our decisions on nostrums but there is a certain logic to this old saw. The market is forward-looking. If the consensus is universally bearish then that view will already be reflected in the price.? |
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Lucky03
Elite |
03-May-2015 21:54
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Hi, Shifu888, knowing that you are not vested yet but may do so tomorrow, guess you have the advantage of being impartial and not emotional in your assessment. Only about 11 hrs away of market opening, good luck !
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Shifu8888
Supreme |
03-May-2015 20:13
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Lucky03 comments are pointed. The spinning off of EMAS and Triyards have gained huge traction. With both companies listed and power being decentralized, LL had long been planning this move. Therefore, I do not think it is sudden. The timing is right now. Both assets are almost monetized and rightfully he should focus on his roots. Let us see how market react. I am expecting markets to react favorably Ezra and also her babies (more professionals can devote full time). Well, all these are theories and any reaction may be knee jerk. Time will tell if LL can ride his vessel against the current tide. All the best. | ||||
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Lucky03
Elite |
03-May-2015 20:05
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Lionel Lee stepping down from the board of TRIYARDS and EMAS will be another glass half empty half full scenario. To some, they will see that as very positive to have Lionel giving his full energy to growing EZRA again and to steer it in the subseas business and implementing its strategy and business model. To some others, they will wonder why the sudden urgency to step down from both and if that was pre-planned or something more serious that promoted the need to focus now more on EZRA.
Well, we all know EZRA has both challenges and opportunities. The key is how much of the challenges has been factored into its current price and how much of the opportunities and hence upside or over compensated, if any in its current price. Will be good to hear some updates from EZRA sooner than later. Technically, it will be good to watch if its 20D MA upward trend will have strength in its momentum to continue to pull it up and cut above its 50D MA to signal a potentially major reversal. In the meantime, will be back to tug of war between shortist and longists and see which group will prevail. |
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pnuklis
Master |
03-May-2015 12:19
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Nothing has changed. The whole board will be non exec and independent and that will clip LL' s wings unless he gets his puppets. High turnover of people and poor morality among employees is difficult. This is a PB company |
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Shifu8888
Supreme |
03-May-2015 07:49
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There is seemingly a possibility that Ezra is doing some consolidation of assets, which may include cashing in on some assets such as triyards and loyz. For loyz, they may choose to convert the loan to the company and exchange to shares at $0.13 (based on their loan agreement signed with loyz last year). That said, both triyards and loyz are not doing well in lieu of the macro oil environment, hence it will be surprising if Ezra let go at these price levels (both babies of Ezra are way under their NTA). Hence my gut feel is that Ezra may hold on to both assets wait for them to mature instead of letting the babies be "adopted" now. Instead it is more of a management restructuring for LL to go back to the starting block of Ezra. It will be good for all. Firstly, LL is able to devote more time to Ezra and Triyards can find a new director that can contribute "more". My two cents worth of thoughts. | ||||
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grateful
Senior |
03-May-2015 01:31
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Think you're right, too many directorships. Stepping down from the Board maybe to show more transparency and independence for these three inter-related listcos. Could be better for Ezra as well as the other two.
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Lucky03
Elite |
02-May-2015 22:59
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Ezra divesting Triyards ?
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Shifu8888
Supreme |
02-May-2015 16:12
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I don't think so. If u read one of the clauses of the previous loan agreements signed few years back, there was a clause that stated the founding family is not supposed to sell their shares. Not sure if the clause has lapsed or there may be exceptional cases. Next, at this price, the founding family will not sell. Nobody will want to see when it is at a low unless it is asset under huge distress. Do read the whole list of directorship what Mr Lionel Lee is having. I think he may hold the world record of holding the greatest number of directorship.. He needs to prioritize resources. It's the right move for him to ditch some and focus on his core and forte ie the bread and butter Ezra. This is gonna be a massive good news for Ezra. It's a $0.70 stock once wti found a firm base. Mark my words. I'm not vested though but may pick up some tmr | ||||
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danger
Supreme |
02-May-2015 16:02
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EZRA GOING TO BE TAKEN OVER ??? AS IT IS TRADING AT A CHEAP VALUATION OF JUST LESS THAN 1/3 OF NTA |
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granto
Master |
02-May-2015 15:44
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So Lee Kian Soon strikes three times in 24 hours, getting more and more interesting... Leadership change at AusGroup as Kenny steps aside: http://splash247.com/leadership-change-at-ausgroup-as-kenny-steps-aside/ Lionel Lee quietly steps down from Triyards and EMAS Offshore boards: http://splash247.com/lionel-lee-quietly-steps-down-from-triyards-and-emas-offshore-boards/ I' m expecting news out of Ezra this week based on all this. |
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Lucky03
Elite |
02-May-2015 02:31
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The situation at Iran has gone up a notch.
The U.S. Navy has accompanied four American-flagged vessels through the Strait of Hormuz so far in response to Iran?s seizure of a cargo ship flying the flag of the Marshall Islands, a former trust territory for which the U.S. has some security and defense responsibilities. |
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Lucky03
Elite |
02-May-2015 02:28
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U.S. Oil Rigs Decline for 21st Week, Dropping to 679
By Lynn Doan and Rebecca Penty - 2 May 2015 1:13:00 am Oil explorers idled rigs in U.S. fields for the 21st straight week, extending an unprecedented retreat in drilling that has curbed domestic output and helped crude prices rally. Rigs targeting oil in the U.S. declined by 24 to 679, Baker Hughes Inc. said on its website Friday, the lowest level since September 2010. Those seeking gas fell by three to 222, the Houston-based field services company said. The total U.S. count, which includes four miscellaneous rigs, slipped by 27 to 905. U.S. energy producers have sidelined more than half of the country?s oil rigs since October, suspending production growth from the nation?s shale formations and helping end the rout in West Texas Intermediate oil prices that began last year. Crude output has fallen three out of the last five weeks. WTI futures capped their biggest monthly advance since 2009. ?If you continue to see these rig counts decline and wells not being completed, you could be losing something like 70,000 to 100,000 barrels a day every month by the end of this year,? Scott Treadwell, a TD Securities Inc. research analyst, said during a conference in Calgary on Thursday. ?That will put a floor on WTI very quickly and the discussion when we?re short of production won?t be about storage volumes getting full. It will be about storage volumes getting emptied.? The U.S. benchmark West Texas Intermediate oil for June delivery dropped 94 cents to $58.69 a barrel at 1:11 p.m. on the New York Mercantile Exchange. Prices advanced 25 percent in April, the biggest monthly gain since May 2009. Slipping Output Domestic oil production averaged 9.37 million barrels a day in the week ended April 24, down from the record 9.42 million reached in March, U.S. Energy Information Administration data show. Stockpiles at Cushing, Oklahoma, the biggest U.S. storage hub, shrank for the first time since November. ?In our view, there is no doubt that U.S. output is falling, and that the pace of decline is likely to accelerate in coming months,? Standard Chartered Plc analysts including Nicholas Snowdon, said in a research note April 27. The number of oil rigs drilling in U.S. shale plays would have to rise by 200 just to stabilize output, Snowdon said. ?This is unlikely to happen this year,? he said. U.S. oil drilling is subsiding as the Organization of Petroleum Exporting Countries, which accounts for about 40 percent of the world?s oil, resists calls to curb output. OPEC members pumped 31.295 million a day in April, near the highest level since November 2012, according to a Bloomberg survey of oil companies, producers and analysts. Production Forecast While U.S. output may decline between the second and third quarters, Goldman Sachs Group Inc. projected on April 26 that production in the fourth will still be 200,000 barrels a day above year-earlier levels. And that?s not including the backlog of uncompleted wells that drillers may start bringing online, the bank said. ?We see risk to our production modeling as skewed to the upside later this year,? Goldman said in a research note. ?A rapid drawdown of the observed backlog of uncompleted wells could lead to higher production later this year and in 2016.? Whiting Petroleum Corp., the biggest oil producer in North Dakota?s Bakken shale, will put rigs back to work when oil prices rebound to $70 a barrel, James Volker, the company?s chief executive officer, said in a conference call with analysts on Thursday. ?Some of the rigs that we?ve released,? he said, ?we can get back and pick up quickly.? |
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