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boyboy61 Supreme	13-Aug-2021 09:10        boyboy61 About Contact  Quote this Post!
x 0   x 0  Alert Admin	23 done...............sell on news again Sgvale      ( Date: 13-Aug-2021 09:08) Posted: Fantastic result.! REX Looks GOOD
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SAVIORFOREVER Supreme	13-Aug-2021 09:10        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	Pity those who bought 240. Trade with caution and DYODD
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Sgvale Supreme	13-Aug-2021 09:08        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fantastic result.! REX Looks GOOD
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boyboy61 Supreme	13-Aug-2021 09:02        boyboy61 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Probably price already factored in during the runup from 19 to 24..... PhillipTan      ( Date: 13-Aug-2021 08:57) Posted: Rex returns to profitability in H1 as revenue clocks 420% growth Oil exploration and production company Rex International reported net profit of US$23.9 million for the first half of this year, versus a net loss of about US$21 million in the corresponding period last year. Revenue for the six months ended June 30 surged to US$75.8 million, which is more than five times that of the year-ago US$14.6 million. This came mainly from Rex' s 86.4 per cent-owned subsidiary Masirah Oil' s share of the sale of crude oil from the Yumna Field after the Oman government' s take. Dan Broströ m, executive chairman of Rex International (Rex) $ Rex Intl: 5WH 0%, said: " The group' s revenue in the first half of 2021 was buoyed by the doubling of oil liftings in Oman to six from the same period last year, and an increase in the average realised oil price sold from an unprecedented low of US$23 per barrel in H1 2020 to US$62 per barrel in H1 2021." He added that high initial startup costs in 2020 and exploration drilling costs in Oman for 2021 " are now behind" Rex. Earnings per share amounted to 1.84 US cents for the first half, versus a loss per share of 1.61 cents in H1 2020. No interim dividend was recommended, " as the group recently turned profitable from sale of crude oil" in H1 2021, Rex said. Mr Broströ m noted that the group aims to continue its first-half performance, by having one lifting per month from Oman in the second half of this year. Separately, Rex disclosed on Wednesday that Ivory Coast' s national oil company had filed a claim against Masirah Oil and Rex' s fully-owned subsidiary Rex Oman. In its results filing on Thursday, Rex reiterated that it is of the view that the claims and allegations against its two units are " frivolous, baseless and unmeritorious" . Its shares closed unchanged at 23.5 Singapore cents on Thursday, with a traded volume of 18.9 million, before the announcement of the results.
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piscesmonkey Supreme	13-Aug-2021 09:01        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lo9k like going down
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SAVIORFOREVER Supreme	13-Aug-2021 09:00        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bid Bid Vol(K) Ask Ask Vol(K) 0.235 3,161 0.240 818.8 0.230 3,945.6 0.245 7,676.7 0.225 5,511 0.250 9,364.8 0.220 4,209.6 0.255 8,413.6 0.215 7,233.8 0.260 5,176.9 0.210 2,769.7 0.265 4,816.9 0.205 3,542.8 0.270 4,455 Trade with caution and DYODD
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stanip Veteran	13-Aug-2021 08:59        stanip About Contact  Quote this Post!
x 0   x 0  Alert Admin	Double checking... I use H1 US 1.84 cents x2 adding in new Brage Field profit of 1.45 cents = US 5.13 cents. Thought using your number is more conservative and has some margin of error tolerence. My calculation actually shows 5.13 x 1.358 = S$ cents 6.96 cents forward EPS (even slightly higher than 6.75...)      kt3152      ( Date: 13-Aug-2021 08:50) Posted: 4.97 is already in sing$.... stanip      ( Date: 13-Aug-2021 08:32) Posted: Today US$ to S$ exchange rate is 1.358. So US 4.97cents = S$ cents 6.75 foreward EPS for FY21.  Comparing to other O& E counters, Rex is a screaming buy from a forward PE and forward P to Book standpoints as the new volume is becoming their full year baseline (not a one-off). In US, Oil companies are trading at 10-12 PE and are in favor for 2021. In my opinion, there are other favorable factors for Rex even for 2022. The covid situation is delaying the global recovery to FY23. The oil demand will likely pick up in FY22 when more countries (beyong just US and EU for now) open up. Given the cost cutting before and during covid, supply will likely to be constrainted. Probability of oil price to stay firm or strengthen is higher than price going down in 2022. Analysts will re-rate Rex with H1 results and H2 forecast. Rex transformation story with strong growth is much bettter than other O& E counters in Singapore. DYODD.
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PhillipTan Supreme	13-Aug-2021 08:57        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Rex returns to profitability in H1 as revenue clocks 420% growth Oil exploration and production company Rex International reported net profit of US$23.9 million for the first half of this year, versus a net loss of about US$21 million in the corresponding period last year. Revenue for the six months ended June 30 surged to US$75.8 million, which is more than five times that of the year-ago US$14.6 million. This came mainly from Rex' s 86.4 per cent-owned subsidiary Masirah Oil' s share of the sale of crude oil from the Yumna Field after the Oman government' s take. Dan Broströ m, executive chairman of Rex International (Rex) $ Rex Intl: 5WH 0%, said: " The group' s revenue in the first half of 2021 was buoyed by the doubling of oil liftings in Oman to six from the same period last year, and an increase in the average realised oil price sold from an unprecedented low of US$23 per barrel in H1 2020 to US$62 per barrel in H1 2021." He added that high initial startup costs in 2020 and exploration drilling costs in Oman for 2021 " are now behind" Rex. Earnings per share amounted to 1.84 US cents for the first half, versus a loss per share of 1.61 cents in H1 2020. No interim dividend was recommended, " as the group recently turned profitable from sale of crude oil" in H1 2021, Rex said. Mr Broströ m noted that the group aims to continue its first-half performance, by having one lifting per month from Oman in the second half of this year. Separately, Rex disclosed on Wednesday that Ivory Coast' s national oil company had filed a claim against Masirah Oil and Rex' s fully-owned subsidiary Rex Oman. In its results filing on Thursday, Rex reiterated that it is of the view that the claims and allegations against its two units are " frivolous, baseless and unmeritorious" . Its shares closed unchanged at 23.5 Singapore cents on Thursday, with a traded volume of 18.9 million, before the announcement of the results.
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SAVIORFOREVER Supreme	13-Aug-2021 08:50        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	I'm waiting 270 but if cannot hit then just throw. Trade with caution and DYODD PQTPQK      ( Date: 13-Aug-2021 08:47) Posted: cheong ... SAVIORFOREVER      ( Date: 13-Aug-2021 08:40) Posted: Bid Bid Vol(K) Ask Ask Vol(K) 0.240 9,534.9 0.240 7,206.4 0.235 2,728 0.245 6,994.9 0.230 3,638 0.250 8,451.1 0.225 5,504.4 0.255 8,316 0.220 4,104 0.260 5,006.6 0.215 7,233.8 0.265 4,791.9 0.210 2,769.7 0.270 4,380 Trade with awareness and DYODD
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kt3152 Supreme	13-Aug-2021 08:50        kt3152 About Contact  Quote this Post!
x 0   x 0  Alert Admin	4.97 is already in sing$.... stanip      ( Date: 13-Aug-2021 08:32) Posted: Today US$ to S$ exchange rate is 1.358. So US 4.97cents = S$ cents 6.75 foreward EPS for FY21.  Comparing to other O& E counters, Rex is a screaming buy from a forward PE and forward P to Book standpoints as the new volume is becoming their full year baseline (not a one-off). In US, Oil companies are trading at 10-12 PE and are in favor for 2021. In my opinion, there are other favorable factors for Rex even for 2022. The covid situation is delaying the global recovery to FY23. The oil demand will likely pick up in FY22 when more countries (beyong just US and EU for now) open up. Given the cost cutting before and during covid, supply will likely to be constrainted. Probability of oil price to stay firm or strengthen is higher than price going down in 2022. Analysts will re-rate Rex with H1 results and H2 forecast. Rex transformation story with strong growth is much bettter than other O& E counters in Singapore. DYODD.   kt3152      ( Date: 13-Aug-2021 06:26) Posted: Assume same profit for 2H, full year EPS would be S4.97 cents.....
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PQTPQK Supreme	13-Aug-2021 08:47        PQTPQK About Contact  Quote this Post!
x 0   x 0  Alert Admin	cheong ... SAVIORFOREVER      ( Date: 13-Aug-2021 08:40) Posted: Bid Bid Vol(K) Ask Ask Vol(K) 0.240 9,534.9 0.240 7,206.4 0.235 2,728 0.245 6,994.9 0.230 3,638 0.250 8,451.1 0.225 5,504.4 0.255 8,316 0.220 4,104 0.260 5,006.6 0.215 7,233.8 0.265 4,791.9 0.210 2,769.7 0.270 4,380 Trade with awareness and DYODD
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SAVIORFOREVER Supreme	13-Aug-2021 08:40        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bid Bid Vol(K) Ask Ask Vol(K) 0.240 9,534.9 0.240 7,206.4 0.235 2,728 0.245 6,994.9 0.230 3,638 0.250 8,451.1 0.225 5,504.4 0.255 8,316 0.220 4,104 0.260 5,006.6 0.215 7,233.8 0.265 4,791.9 0.210 2,769.7 0.270 4,380 Trade with awareness and DYODD
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stanip Veteran	13-Aug-2021 08:32        stanip About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today US$ to S$ exchange rate is 1.358. So US 4.97cents = S$ cents 6.75 foreward EPS for FY21.  Comparing to other O& E counters, Rex is a screaming buy from a forward PE and forward P to Book standpoints as the new volume is becoming their full year baseline (not a one-off). In US, Oil companies are trading at 10-12 PE and are in favor for 2021. In my opinion, there are other favorable factors for Rex even for 2022. The covid situation is delaying the global recovery to FY23. The oil demand will likely pick up in FY22 when more countries (beyong just US and EU for now) open up. Given the cost cutting before and during covid, supply will likely to be constrainted. Probability of oil price to stay firm or strengthen is higher than price going down in 2022. Analysts will re-rate Rex with H1 results and H2 forecast. Rex transformation story with strong growth is much bettter than other O& E counters in Singapore. DYODD.   kt3152      ( Date: 13-Aug-2021 06:26) Posted: Assume same profit for 2H, full year EPS would be S4.97 cents...... stanip      ( Date: 13-Aug-2021 01:18) Posted: An outstanding set of H1 numbers - Revenue 5x YoY increase. EPS UScents 1.84 profit    (prior year H1 loss 1.61) NAV UScents 12.9    (prior year H1 10.77) Strong cashflow  An interesting point to take note from the Press Release. The Brage Field acquistion is pending regulatory approval and the financial benefit has NOT been included in H1. What this means - For their H2 results, they can factor in full 12 months benefits from Jan 1 per the agreement. From the previous announcement, this alone has a potential US cents 1.45 EPS improvement impact which will be shown in H2. So we can expect an even stronger set of results coming in H2 (assuming oil price does not drop below their H1 average of $62 which seems unlikely at this point).
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blesskeemun Master	13-Aug-2021 08:30        blesskeemun About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let' s Huat Together!!! Yumna Field           Rex owns 83.67 of Masirah/Masirah 65% vs. Omani Gov 35%       Brage Field                 Rex owns 90% of Lime           Actual     Prod Production Monthly Rex Owned (%) Daily Production Monthly Prod Rex Owned (%) Operation Net Profit     Actual     Prod Production Monthly Gorss Revenue Monthly Prod Cost Rex Owned (%) Net Profit         MONTH AVE LOW HIGH bpd Days Prod Gorss Revenue Costs Costs Net Revenue Costs     MONTH AVE LOW HIGH bpd Days Prod   (US$15/bpd) Net Profit           JAN (ACT) 55.88 57.42 50.56 12,672 31 392,832 11,938,407 80,000 2,480,000 9,458,407       JAN (ACT) 55.88 57.42 50.56 3,440 31 106,640 5,959,043 2,239,440 3,347,643                     FEB(ACT) 66.13 54.60 67.70 12,672 28 354,816 12,761,004 80,000 2,240,000 10,521,004       FEB(ACT) 66.13 54.60 67.70 3,440 28 96,320 6,369,642 2,022,720 3,912,229           MAR(ACT) 64.85 60.27 71.38 12,672 31 392,832 13,854,791 80,000 2,480,000 11,374,791 23,804,000     MAR(ACT) 64.85 60.27 71.38 3,440 31 106,640 6,915,604 1,599,600 4,784,404           APR(ACT) 66.66 61.25 68.43 12,210 30 366,300 13,279,611 80,000 2,400,000 10,879,611       APR(ACT) 66.66 61.25 68.43 3,440 30 103,200 6,879,312 2,167,200 4,240,901           MAY (ACT) 69.31 64.57 70.23 11,858 31 367,598 13,856,456 80,000 2,480,000 11,376,456   1H' 21   MAY (ACT) 69.31 64.57 70.23 3,440 31 106,640 7,391,218 2,239,440 4,636,601 1H' 21 Total Yumna +Brage 1H' 21 Net Profit JUN (ACT) 74.66 69.28 76.20 11,682 30 350,460 14,230,153 80,000 2,400,000 11,830,153 15,185,000 26,451,421   JUN (ACT) 74.66 69.28 76.20 3,440 30 103,200 7,704,912 2,167,200 4,983,941 25,905,718 52,357,139 JUL(ACT) 76.33 67.44 77.84 11,552 31 358,112 14,866,107 80,000 2,480,000 12,386,107       JUL(ACT) 76.33 67.44 77.84 3,440 31 106,640 8,139,831 2,239,440 5,310,352           AUG 76.00     12,000 31 372,000 15,375,869 80,000 2,480,000 12,895,869       AUG 76.00     3,440 31 106,640 8,104,640 2,239,440 5,278,680           SEP 77.00     12,000 30 360,000 15,075,661 80,000 2,400,000 12,675,661 23,804,000     SEP 77.00     3,440 30 103,200 7,946,400 2,167,200 5,201,280           OCT 78.00     12,000 31 372,000 15,780,497 80,000 2,480,000 13,300,497       OCT 78.00     3,440 31 106,640 8,317,920 2,239,440 5,470,632           NOV 79.00     12,000 30 360,000 15,467,236 80,000 2,400,000 13,067,236   2H' 21   NOV 79.00     3,440 30 103,200 8,152,800 2,167,200 5,387,040 2H' 21 Total Yumna +Brage 2H' 21 Net Profit/FY' 21 DEC 80.00     12,000 31 372,000 16,185,125 80,000 2,480,000 13,705,125 15,185,000 39,041,494   DEC 80.00     3,440 31 106,640 8,531,200 2,239,440 5,662,584 32,310,568 71,352,062 2021 AVE 71.99     132,646 365 4,418,950 172,670,915 80,000 29,200,000 143,470,915 77,978,000 65,492,915   2021 AVE 71.99     41,280 365 1,255,600 90,412,522 25,727,760 58,216,286 58,216,286 123,709,202                                                                                                                     Depletion Tracker of Yumna Field: As at Jan' 21 (Reserve 2P is 8,600,000mmboe)               Depletion Tracker of Brage Field: As at Jan' 21 (Reserve 2P is 7,300,000mmboe)               2P  YTD Prod Jun' 21 Bal ROD (Mth)                     2P  YTD Prod-Jul' 21 Bal ROD (Mth)                       8,600,000 2,582,950 6,017,050 16.7                     7,300,000 729,280 6,570,720 63.7
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SAVIORFOREVER Supreme	13-Aug-2021 07:41        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	Better take profit first. Wait six months for result again? Exploration and drilling cost is very high. Trade with caution no contra buy no short and DYODD PQTPQK      ( Date: 13-Aug-2021 07:30) Posted: Seem like strong accumulation for many days?. SAVIORFOREVER      ( Date: 13-Aug-2021 07:29) Posted: Result good? Everyone will be selling? Trade with caution and DYODD
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PQTPQK Supreme	13-Aug-2021 07:30        PQTPQK About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seem like strong accumulation for many days?. SAVIORFOREVER      ( Date: 13-Aug-2021 07:29) Posted: Result good? Everyone will be selling? Trade with caution and DYODD boyboy61      ( Date: 13-Aug-2021 06:56) Posted: Hopefully no selling on new
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SAVIORFOREVER Supreme	13-Aug-2021 07:29        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	Result good? Everyone will be selling? Trade with caution and DYODD boyboy61      ( Date: 13-Aug-2021 06:56) Posted: Hopefully no selling on news benjidog      ( Date: 13-Aug-2021 06:26) Posted: Gap UP.....eh.. yes....Rocket UP....
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boyboy61 Supreme	13-Aug-2021 06:56        boyboy61 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hopefully no selling on news benjidog      ( Date: 13-Aug-2021 06:26) Posted: Gap UP.....eh.. yes....Rocket UP....
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benjidog Supreme	13-Aug-2021 06:26        benjidog About Contact  Quote this Post!
x 0   x 0  Alert Admin	Gap UP.....eh.. yes....Rocket UP....
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kt3152 Supreme	13-Aug-2021 06:26        kt3152 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Assume same profit for 2H, full year EPS would be S4.97 cents...... stanip      ( Date: 13-Aug-2021 01:18) Posted: An outstanding set of H1 numbers - Revenue 5x YoY increase. EPS UScents 1.84 profit    (prior year H1 loss 1.61) NAV UScents 12.9    (prior year H1 10.77) Strong cashflow  An interesting point to take note from the Press Release. The Brage Field acquistion is pending regulatory approval and the financial benefit has NOT been included in H1. What this means - For their H2 results, they can factor in full 12 months benefits from Jan 1 per the agreement. From the previous announcement, this alone has a potential US cents 1.45 EPS improvement impact which will be shown in H2. So we can expect an even stronger set of results coming in H2 (assuming oil price does not drop below their H1 average of $62 which seems unlikely at this point).
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