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Mandy1986 Veteran	02-Feb-2018 20:42        Mandy1986 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This report will not help this counter to move up in share price. If it does, long ago, share price should be trading in the 0.18 - 0.25 price band. Eddyson      ( Date: 02-Feb-2018 19:26) Posted: Goldman Sachs sees oil surging above $80 in 6 months-CNBC Goldman Sachs raised its three-month Brent forecast to $75 and its six-month forecast to $82.50. The bank says the rebalancing of the long oversupplied oil market has already occurred, about six months sooner than it expected. Goldman credits " stellar" oil demand growth, OPEC' s deal to limit output and other factors for its outlook, saying many of those trends will continue. Goldman Sachs on Thursday raised its 2018 oil price forecasts, projecting that Brent crude will soon top $80, fueled by blockbuster oil demand, a deal among big producers to limit output and U.S. drillers' inability to meet the world' s growing energy appetite. The investment bank now sees Brent, the international benchmark for oil, averaging $75 a barrel over the next three months, up from its previous target of $62. Goldman also raised its six- and 12-month forecasts to $82.50 and $75, respectively. Goldman' s call puts it ahead of its Wall Street peers.  J.P. Morgan  last week  forecast Brent would average $70  in 2018 and rise toward $78 in the first half of the year.  Bank of America  Merrill Lynch recently  raised its target to $64.   Brent crude futures  hit a three-year high at $71.28 last week. To be sure, Goldman sees Brent heading back to $60 a barrel in 2020 as the " New Oil Order" reasserts itself. The pillars of that new order are growing production from U.S. shale oil fields and  OPEC' s eventual exit from a deal with  Russia  and other big producers to keep 1.8 million barrels a day off the market through 2018. " Importantly, all the pillars of the New Oil Order remain intact in our view so this is a cyclical call," Goldman analysts, including global head of commodities Jeff Currie, said in a note. " The New Oil Order is on hiatus with its next point of reckoning likely a few years away." Goldman says it believes the rebalancing of the oversupplied oil market has actually already occurred, six months earlier than it expected. The bank credits " stellar" growth in oil demand, OPEC members sticking to the output deal and the downward spiral of crude output in Venezuela, which is mired in economic crisis. Many of these drivers will continue into 2018, and the world' s growing appetite for oil now looks even more ravenous than anticipated, Goldman says. Goldman recently raised its 2018 forecast for oil demand growth to 1.86 million barrels a day from 1.73 million barrels a day. On Thursday, it introduced its 2019 demand forecast at 1.6 million barrels a day but said economic growth around the world means consumption could be even stronger. Meanwhile, Goldman thinks OPEC is likely to keep its output limits in place, even as crude stockpiles return to the five-year average, which is the goal of its output deal. At the same time, U.S. shale drillers won' t be able to meet all the growing demand, the bank says. It notes that many U.S. drillers and oil majors have vowed to focus on efficiency and fiscal discipline at the expense of runaway production growth. The bank also warns that a bottleneck is forming in the oil services sector, particularly for the crews and equipment that perform hydraulic fracturing. The process of injecting water, sand and chemicals into wells to free oil and gas from shale rock formations has fueled a boom in U.S. output and helped the nation top  Saudi Arabia  as the  world' s second-biggest crude producer, after Russia. Goldman' s forecast also takes into account backwardation in oil markets, which means oil prices for future deliveries of crude are cheaper than prices for earlier delivery. That structure creates trading opportunities that tend to draw buyers into the market.   Tom DiChristopherEnergy Reporter
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Eddyson Senior	02-Feb-2018 19:26        Eddyson About Contact  Quote this Post!
x 0   x 0  Alert Admin	Goldman Sachs sees oil surging above $80 in 6 months-CNBC Goldman Sachs raised its three-month Brent forecast to $75 and its six-month forecast to $82.50. The bank says the rebalancing of the long oversupplied oil market has already occurred, about six months sooner than it expected. Goldman credits " stellar" oil demand growth, OPEC' s deal to limit output and other factors for its outlook, saying many of those trends will continue. Goldman Sachs on Thursday raised its 2018 oil price forecasts, projecting that Brent crude will soon top $80, fueled by blockbuster oil demand, a deal among big producers to limit output and U.S. drillers' inability to meet the world' s growing energy appetite. The investment bank now sees Brent, the international benchmark for oil, averaging $75 a barrel over the next three months, up from its previous target of $62. Goldman also raised its six- and 12-month forecasts to $82.50 and $75, respectively. Goldman' s call puts it ahead of its Wall Street peers.  J.P. Morgan  last week  forecast Brent would average $70  in 2018 and rise toward $78 in the first half of the year.  Bank of America  Merrill Lynch recently  raised its target to $64.   Brent crude futures  hit a three-year high at $71.28 last week. To be sure, Goldman sees Brent heading back to $60 a barrel in 2020 as the " New Oil Order" reasserts itself. The pillars of that new order are growing production from U.S. shale oil fields and  OPEC' s eventual exit from a deal with  Russia  and other big producers to keep 1.8 million barrels a day off the market through 2018. " Importantly, all the pillars of the New Oil Order remain intact in our view so this is a cyclical call," Goldman analysts, including global head of commodities Jeff Currie, said in a note. " The New Oil Order is on hiatus with its next point of reckoning likely a few years away." Goldman says it believes the rebalancing of the oversupplied oil market has actually already occurred, six months earlier than it expected. The bank credits " stellar" growth in oil demand, OPEC members sticking to the output deal and the downward spiral of crude output in Venezuela, which is mired in economic crisis. Many of these drivers will continue into 2018, and the world' s growing appetite for oil now looks even more ravenous than anticipated, Goldman says. Goldman recently raised its 2018 forecast for oil demand growth to 1.86 million barrels a day from 1.73 million barrels a day. On Thursday, it introduced its 2019 demand forecast at 1.6 million barrels a day but said economic growth around the world means consumption could be even stronger. Meanwhile, Goldman thinks OPEC is likely to keep its output limits in place, even as crude stockpiles return to the five-year average, which is the goal of its output deal. At the same time, U.S. shale drillers won' t be able to meet all the growing demand, the bank says. It notes that many U.S. drillers and oil majors have vowed to focus on efficiency and fiscal discipline at the expense of runaway production growth. The bank also warns that a bottleneck is forming in the oil services sector, particularly for the crews and equipment that perform hydraulic fracturing. The process of injecting water, sand and chemicals into wells to free oil and gas from shale rock formations has fueled a boom in U.S. output and helped the nation top  Saudi Arabia  as the  world' s second-biggest crude producer, after Russia. Goldman' s forecast also takes into account backwardation in oil markets, which means oil prices for future deliveries of crude are cheaper than prices for earlier delivery. That structure creates trading opportunities that tend to draw buyers into the market.   Tom DiChristopherEnergy Reporter
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newbieliu Elite	02-Feb-2018 13:22        newbieliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	me too.... waited so long since it hit 108.... scooped not much and waited to let it chiong 130 guards80      ( Date: 02-Feb-2018 12:24) Posted: mermaid already go 20cent... all oil counter already rush to high.... this kris still sleeping havnt wakeup TraderBen      ( Date: 02-Feb-2018 12:21) Posted: i waited for very long liao.. hahaha.. should be able to break REAL soon! lets HUAT TGT!
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guards80 Supreme	02-Feb-2018 12:24        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	mermaid already go 20cent... all oil counter already rush to high.... this kris still sleeping havnt wakeup TraderBen      ( Date: 02-Feb-2018 12:21) Posted: i waited for very long liao.. hahaha.. should be able to break REAL soon! lets HUAT TGT!
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TraderBen Supreme	02-Feb-2018 12:21        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	i waited for very long liao.. hahaha.. should be able to break REAL soon! lets HUAT TGT!
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chillipadi Elite	02-Feb-2018 11:48        chillipadi About Contact  Quote this Post!   Yells: "Everything is temporary."
x 0   x 0  Alert Admin	let' s look forward to break 1.2 first.. profit tgt =D Mandy1986      ( Date: 02-Feb-2018 11:47) Posted: Just allow them to do the Tango Dance for awhile... Mandy1986      ( Date: 02-Feb-2018 11:45) Posted: But I still think can go to the next level 0.15
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Mandy1986 Veteran	02-Feb-2018 11:47        Mandy1986 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just allow them to do the Tango Dance for awhile... Mandy1986      ( Date: 02-Feb-2018 11:45) Posted: But I still think can go to the next level 0.155 chillipadi      ( Date: 02-Feb-2018 11:38) Posted: quiet for this week since it dropped from 117/118 last week lets see next 2 week
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Mandy1986 Veteran	02-Feb-2018 11:45        Mandy1986 About Contact  Quote this Post!
x 0   x 0  Alert Admin	But I still think can go to the next level 0.155 chillipadi      ( Date: 02-Feb-2018 11:38) Posted: quiet for this week since it dropped from 117/118 last week lets see next 2 weeks Mandy1986      ( Date: 02-Feb-2018 11:34) Posted: This counter like gone.. so many U and M selling
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chillipadi Elite	02-Feb-2018 11:38        chillipadi About Contact  Quote this Post!   Yells: "Everything is temporary."
x 0   x 0  Alert Admin	quiet for this week since it dropped from 117/118 last week lets see next 2 weeks Mandy1986      ( Date: 02-Feb-2018 11:34) Posted: This counter like gone.. so many U and M selling. chillipadi      ( Date: 02-Feb-2018 10:29) Posted: 113/114 barely hold for more than 30mins..
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Mandy1986 Veteran	02-Feb-2018 11:34        Mandy1986 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This counter like gone.. so many U and M selling. chillipadi      ( Date: 02-Feb-2018 10:29) Posted: 113/114 barely hold for more than 30mins..
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chillipadi Elite	02-Feb-2018 10:29        chillipadi About Contact  Quote this Post!   Yells: "Everything is temporary."
x 0   x 0  Alert Admin	113/114 barely hold for more than 30mins..
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alexmay34 Veteran	01-Feb-2018 13:22        alexmay34 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just register, I join you sbscap      ( Date: 01-Feb-2018 11:32) Posted: Wow. They accepted me for the results briefing. I provided details of my name, IC number, shareholding and contacts. Hope to see some of you there. sbscap      ( Date: 01-Feb-2018 09:57) Posted: I' ve registered my interest to paricipate in the results briefing on 1 Mar. Hehe. Anyone here wishes to join me are most welcome.
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sheerluck Supreme	01-Feb-2018 11:37        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	I think Kris no longer fits into FR investment strategies so they are diversing their stakes.  Doing it slowly serves everyone well including they themselves. We can consider each of the following factors to guesstimate Kris' s futures: 1.  Oil price - the single most important factor.  Brent at around US$70 is good news for Kris.  But the benefit will come only in Q1 this year provided price maintain at around US$70 or higher.  Their Q4 seling price is likely to be around US$56.  Also noted that they pay noteholder 1% more  if Brent maintained above  $70 and another 1% more  if Brent maintained above  US$80.  So US$70 means something in term of Kris confidence in their finances.. 2.  Wassana Field - Depressed production with high lifting cost due to mechanical issue at their wells.  They are progressing with new well and this should slowly removed the low production and at the same time the high lifting cot problem.  However, as in the US$70 oil price, the benefit from this will only coming in from Q1 restults.  It might be Q2 before wee see the full benefots of the new wells. 3.  CAPEX - Kris has quite a number of undeveloped fields.  These are all sunk cost.  They can diversify but likely to suffer huge impairment.  To develop, them need cash and tons of it and it must be financially viable.  Both (cash and fin. viable) hinge on one factor - oil price.  So oil at US$70 is very good for Kris but million of cash dont  just appear out of no where because oil price breached US$70 for one or two days.  It takes time for sale and cash to come in.  SO with the assumption that oil maintained at around US$70 or higher Kris might see improved cashflow in either net cash inflow or less cash deficit. 4.  Lastly, an no-so-important factor but sstill desefrved some attention is FR parring down their stakes. So for 1.  oil price - no complain so far. 2. Wassana field - so far so good 3.  might see more debt or fund raising 4.  background noise Siwomp      ( Date: 01-Feb-2018 10:59) Posted: It will be good.  This is a case of  changing of shares from the weak hands (FR) to stronger hands.
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sbscap Master	01-Feb-2018 11:32        sbscap About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Wow. They accepted me for the results briefing. I provided details of my name, IC number, shareholding and contacts. Hope to see some of you there. sbscap      ( Date: 01-Feb-2018 09:57) Posted: I' ve registered my interest to paricipate in the results briefing on 1 Mar. Hehe. Anyone here wishes to join me are most welcome.
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sbscap Master	01-Feb-2018 11:26        sbscap About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Comparing KrisEnergy to Marco Polo Marine is quite an insult. MPM is bankrupt, is a minor player in the service sector of the O& G biz (i.e. it is a " bottom-feeder" like the prawns in my fish-tank) and is currently being rescued by a group of " nice guys" (non-O& G industry players). Why would Temasek consider MPM instead of KE is beyond me. Would they buy up KE? Let' s see.
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Siwomp Supreme	01-Feb-2018 10:59        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	It will be good.  This is a case of  changing of shares from the weak hands (FR) to stronger hands.
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Safety_first Master	01-Feb-2018 10:57        Safety_first About Contact  Quote this Post!
x 0   x 0  Alert Admin	So FR are selling at a constant and " good"   price to others in the market ..... Wonder how they do it with such big volume selling and price still able to stay within certain range ... Is it good or bad to the share price  after they complete their offload < 5% ? sheerluck      ( Date: 01-Feb-2018 10:35) Posted: It will be hard for Kris price to advance with FR constatnly offloading to the market.  It seems their objective is to scale down their holding in Kris and is happy to take market price by offloading Kris shares in a slow but steady manner. Every once or two weeks you will see one annooucement on them selling their stakes in Kris.  The next one should be around next Monday with their holding going slightly below 20%.  At the rate they are going, they are likely to go on until Jun this year before you stop seeing them announcing their sale.
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TraderBen Supreme	01-Feb-2018 10:42        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	maybe temasek scooping up kris from FR? that will be woots!
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Siwomp Supreme	01-Feb-2018 10:40        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	When the selling by FR stops, the Party will start..........FR don' t like to be minority holder, so they either sell out or try to become main holder again.
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sheerluck Supreme	01-Feb-2018 10:35        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	It will be hard for Kris price to advance with FR constatnly offloading to the market.  It seems their objective is to scale down their holding in Kris and is happy to take market price by offloading Kris shares in a slow but steady manner. Every once or two weeks you will see one annooucement on them selling their stakes in Kris.  The next one should be around next Monday with their holding going slightly below 20%.  At the rate they are going, they are likely to go on until Jun this year before you stop seeing them announcing their sale.
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