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alexchew Master	14-Oct-2016 11:58        alexchew About Contact  Quote this Post!
x 0   x 0  Alert Admin	did someone sold off properties to buy up the company shares?
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animalfarm Member	14-Oct-2016 11:53        animalfarm About Contact  Quote this Post!
x 0   x 0  Alert Admin	This itself, is a speculation. Lol. Let' s talk about actual data and facts. Just my opinon, when people would actually sell off their bungalows to buy shares of a company supposedly in a ICU condition. It means that perhaps things have really gotten cheap and undervalued. alexchew      ( Date: 14-Oct-2016 11:36) Posted: i am amazed at ezra retail investors. either they lost too much, or they are just speculators.. With the put option that e malaysian subsi have, what makes us think that' s the only one put option they have. Esp, with the big money sale to JV partners, it all makes sense now why the sale price can be so high even though its probably not worth that much..
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alexchew Master	14-Oct-2016 11:36        alexchew About Contact  Quote this Post!
x 0   x 0  Alert Admin	i am amazed at ezra retail investors. either they lost too much, or they are just speculators.. With the put option that e malaysian subsi have, what makes us think that' s the only one put option they have. Esp, with the big money sale to JV partners, it all makes sense now why the sale price can be so high even though its probably not worth that much..
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animalfarm Member	14-Oct-2016 11:28        animalfarm About Contact  Quote this Post!
x 0   x 0  Alert Admin	Of course there' s an impact, otherwise why would the prices be diving downwards now? The drop in the past week is due to this unfortunate news as well as profit taking from the amazing run a few weeks ago. Things can get even worse if Ezra fails to secure financial assistance to prevent Perisai from going bankrupt. On top of the fact that Perisai has got put options in SJR   for 51% of its share (worth USD 43 mil) to EMAS. Hence, this financial burden can easily be passed on to Ezra. But will this put Ezra back to 3 cents? Hmmm.. I don' t think so. After Swiber' s abrupt declaration of bankruptcy, it got many financial institutions into serious trouble, so there would be forces that would prevent this episode from unfolding again. All in all, if you are a swing trader and you happen to buy in at a relatively high price, i think that you should trade with caution because its a tough ride for the next few months. However, if you are a long-term investor, in my opinion there' s a silver lining just that its not visible yet. whysoserious      ( Date: 14-Oct-2016 11:16) Posted: the notes default how? no impact? animalfarm      ( Date: 14-Oct-2016 11:09) Posted: Correctly mentioned by Sheerluck, that oil prices are supposedly an indirect influence to the growth of offshore O& G companies. Rise in oil prices doesn' t neccessarily mean more work in offshore O& G sector, it just means demand > supply. The only reason why share prices seemed to be directly affected by oil prices is purely due to market speculation. The rise in oil prices in my opinion has got two positive benefits: 1) Oil producers have a higher tendency of CAPEX in offshore projects since profit margins are now higher (which i feel that it is highly unlikely) 2) A catalyst for the shift towards natural gas consumption. But i think it is going to be hard. The rise in oil prices would only be short-termed as it would also mean the revival of many shale oil producers and soon enough there will again be an oversupply. So, positive outlook if any, would be in the natural gas sector in which ONGC has announced that it would kickstart offshore natural gas projects in April 2017. http://www.rigzone.com/news/oil_gas/a/146934/Undaunted_by_Gas_Price_Cut_ONGC_Firm_on_45_Billion_CAPEX
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whysoserious Supreme	14-Oct-2016 11:16        whysoserious About Contact  Quote this Post!
x 0   x 0  Alert Admin	the notes default how? no impact? animalfarm      ( Date: 14-Oct-2016 11:09) Posted: Correctly mentioned by Sheerluck, that oil prices are supposedly an indirect influence to the growth of offshore O& G companies. Rise in oil prices doesn' t neccessarily mean more work in offshore O& G sector, it just means demand > supply. The only reason why share prices seemed to be directly affected by oil prices is purely due to market speculation. The rise in oil prices in my opinion has got two positive benefits: 1) Oil producers have a higher tendency of CAPEX in offshore projects since profit margins are now higher (which i feel that it is highly unlikely) 2) A catalyst for the shift towards natural gas consumption. But i think it is going to be hard. The rise in oil prices would only be short-termed as it would also mean the revival of many shale oil producers and soon enough there will again be an oversupply. So, positive outlook if any, would be in the natural gas sector in which ONGC has announced that it would kickstart offshore natural gas projects in April 2017. http://www.rigzone.com/news/oil_gas/a/146934/Undaunted_by_Gas_Price_Cut_ONGC_Firm_on_45_Billion_CAPEX Msport      ( Date: 14-Oct-2016 10:31) Posted: ezra will break 0.06 again next wk when oil go 55... price of oil up mean more demand=more work... price will move before anything.. now at bottom range.. good to collect
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animalfarm Member	14-Oct-2016 11:09        animalfarm About Contact  Quote this Post!
x 0   x 0  Alert Admin	Correctly mentioned by Sheerluck, that oil prices are supposedly an indirect influence to the growth of offshore O& G companies. Rise in oil prices doesn' t neccessarily mean more work in offshore O& G sector, it just means demand > supply. The only reason why share prices seemed to be directly affected by oil prices is purely due to market speculation. The rise in oil prices in my opinion has got two positive benefits: 1) Oil producers have a higher tendency of CAPEX in offshore projects since profit margins are now higher (which i feel that it is highly unlikely) 2) A catalyst for the shift towards natural gas consumption. But i think it is going to be hard. The rise in oil prices would only be short-termed as it would also mean the revival of many shale oil producers and soon enough there will again be an oversupply. So, positive outlook if any, would be in the natural gas sector in which ONGC has announced that it would kickstart offshore natural gas projects in April 2017. http://www.rigzone.com/news/oil_gas/a/146934/Undaunted_by_Gas_Price_Cut_ONGC_Firm_on_45_Billion_CAPEX Msport      ( Date: 14-Oct-2016 10:31) Posted: ezra will break 0.06 again next wk when oil go 55... price of oil up mean more demand=more work... price will move before anything.. now at bottom range.. good to collect
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whysoserious Supreme	14-Oct-2016 10:54        whysoserious About Contact  Quote this Post!
x 0   x 0  Alert Admin	what bout the default? non-event? dont be blind please Msport      ( Date: 14-Oct-2016 10:31) Posted: ezra will break 0.06 again next wk when oil go 55... price of oil up mean more demand=more work... price will move before anything.. now at bottom range.. good to collect
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Msport Elite	14-Oct-2016 10:31        Msport About Contact  Quote this Post! Style: Flexible
x 0   x 0  Alert Admin	ezra will break 0.06 again next wk when oil go 55... price of oil up mean more demand=more work... price will move before anything.. now at bottom range.. good to collect
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sheerluck Supreme	13-Oct-2016 14:24        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	That is the key.   People seems to happily forget that if oil price ruise becos OPEC or major non-opec cut production, it means less work.   Offshore will always cost more than onshore.   OSV owners, builders and charterers cannot survive if oil price is up but there is less work.   So what is oil price up of any use to them?   It is a very simple logic but market are pretty much controlled by traders who just played with news. OSV owners, builders, charters who cannot diversify cannot weather this storm.   The next two years will see more casualties.   dragonboy76      ( Date: 13-Oct-2016 13:56) Posted: I don't need oil to go 100. Just need projects to start again... 😟
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dragonboy76 Master	13-Oct-2016 13:56        dragonboy76 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I don't need oil to go 100. Just need projects to start again... 😟
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zandlery Supreme	13-Oct-2016 13:28        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	$2 production cost from saudi also feel like bragging to me......it like both side behave like school kid bragging at each other who got the lowest production cost...... but a quick google will show saudi production cost is $10.......that is still way profitable compare to US shale oil..... can imagine what a good life they have when oil price is over $100.........free housing...free schooling...etc......
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zandlery Supreme	13-Oct-2016 13:20        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	if study the method of shale oil extraction.......no way it will be that cheap....especially long run... All those article regarding shale oil have a breakthrough in technology I don't really believe.... if shale oil have a better technology improvement....oil extraction at it basic more or less the same..... So in the end traditional oil producer will acquire same technology n always will be cheaper than shale oil..... dragonboy76      ( Date: 13-Oct-2016 13:04) Posted: 1st time I heard Saudi oil extraction is only $2. Shale technology alreasy improved and no longer break even at $50. They can break even below $30 liao. Also, opec got shale oil? Today learnt something new.
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dragonboy76 Master	13-Oct-2016 13:04        dragonboy76 About Contact  Quote this Post!
x 0   x 0  Alert Admin	1st time I heard Saudi oil extraction is only $2. Shale technology alreasy improved and no longer break even at $50. They can break even below $30 liao. Also, opec got shale oil? Today learnt something new.
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Msport Elite	13-Oct-2016 13:01        Msport About Contact  Quote this Post! Style: Flexible
x 0   x 0  Alert Admin	short covering soon.....!!!!
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animalfarm Member	13-Oct-2016 10:20        animalfarm About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yup Zandlery is absolutely right that it is important to note, not all shale oil can be extracted at a very competitive prices. It is known that conventional method of oil extraction in Saudi and Russia can be done at $2 a barrel. For shale producers, some have claimed that they managed to acheive that too but not all (most need ($40-$50 a barrel just to break even), because it really depends on the geographical conditions. However, what is known is that with OPEC disrupting the oil prices, many shale producers have went bankrupt and have been bought over by these OPEC & non-OPEC oil exporters.So, its only a matter of time before these OPEC and non-OPEC oil exporters acquire the capability to extract shale oil too. As a matter of fact, US has already been exporting its shale oil and i believe OPEC & non-OPEC oil exporters will join them in the future. Anyways, lets get back to Ezra since this is the topic of the forum. I really think that LNG will be the linchpin in the survival of our O& G industry and i believe it is in the right direction since even our government agency, IE Singapore is backing it (google IE Singapore LNG projects). zandlery      ( Date: 12-Oct-2016 19:23) Posted: only if shale oil production cost greatly reduce...or else only will end in more debt doing that TeoMark      ( Date: 12-Oct-2016 19:08) Posted: When we reach the stage where US start to export its shale oil. thats where the real threat comes for opec and the ONGCs.
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animalfarm Member	13-Oct-2016 09:53        animalfarm About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hmmm... In which particular project you' re talking about that Swiber lost money due to inexperience? zandlery      ( Date: 12-Oct-2016 19:22) Posted: if ever natural gas project booming........if ezra secure couple of these project.....there will be a transition period because lack of experiences if new to handle......Swiber fall into that trap when they secure project they never did before.....end up....major hiccup n delay......end of story.....lose money.....all due to inexperience animalfarm      ( Date: 12-Oct-2016 18:53) Posted: Yes, the boom of the shale oil industry really wrecked the offshore industry hard. And honestly if you were to ask me, i see no future for the offshore oil industry. But i will be expecting growth in the natural gas industry, judging from the macro environment. Paying special attention to India which has majority of its natural gas reserves residing offshore. I' m hoping that the ONGC would consider investing into this offshore reserve in the near future (since times are bad and things are cheap), to hedge against rising oil prices in the future and to be less dependent on imports. If it turns out to be that case, Ezra has got a very high possibility of clinching those projects. With that said, there' s no certainty.
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zandlery Supreme	12-Oct-2016 19:23        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	only if shale oil production cost greatly reduce...or else only will end in more debt doing that TeoMark      ( Date: 12-Oct-2016 19:08) Posted: When we reach the stage where US start to export its shale oil. thats where the real threat comes for opec and the ONGCs. animalfarm      ( Date: 12-Oct-2016 18:53) Posted: Yes, the boom of the shale oil industry really wrecked the offshore industry hard. And honestly if you were to ask me, i see no future for the offshore oil industry. But i will be expecting growth in the natural gas industry, judging from the macro environment. Paying special attention to India which has majority of its natural gas reserves residing offshore. I' m hoping that the ONGC would consider investing into this offshore reserve in the near future (since times are bad and things are cheap), to hedge against rising oil prices in the future and to be less dependent on imports. If it turns out to be that case, Ezra has got a very high possibility of clinching those projects. With that said, there' s no certainty.
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zandlery Supreme	12-Oct-2016 19:22        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	if ever natural gas project booming........if ezra secure couple of these project.....there will be a transition period because lack of experiences if new to handle......Swiber fall into that trap when they secure project they never did before.....end up....major hiccup n delay......end of story.....lose money.....all due to inexperience animalfarm      ( Date: 12-Oct-2016 18:53) Posted: Yes, the boom of the shale oil industry really wrecked the offshore industry hard. And honestly if you were to ask me, i see no future for the offshore oil industry. But i will be expecting growth in the natural gas industry, judging from the macro environment. Paying special attention to India which has majority of its natural gas reserves residing offshore. I' m hoping that the ONGC would consider investing into this offshore reserve in the near future (since times are bad and things are cheap), to hedge against rising oil prices in the future and to be less dependent on imports. If it turns out to be that case, Ezra has got a very high possibility of clinching those projects. With that said, there' s no certainty. zandlery      ( Date: 12-Oct-2016 17:46) Posted: if u see what assets idle around in their workshop and shipyard u will know things are not good...... vessel idling still require wages of manpower n fuel.......basically burning money all the time.... They may have reduce the rate of burning by disposing asset.......but still burning.....if no profit coming in.......debt will keep on accumulate. If hoping of certain JV will acquire project and recover from there......sad to say.....me myself in offshore industry know that not only SE asia does not have project...it most of the world have no project going on....
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TeoMark Veteran	12-Oct-2016 19:08        TeoMark About Contact  Quote this Post!
x 0   x 0  Alert Admin	When we reach the stage where US start to export its shale oil. thats where the real threat comes for opec and the ONGCs. animalfarm      ( Date: 12-Oct-2016 18:53) Posted: Yes, the boom of the shale oil industry really wrecked the offshore industry hard. And honestly if you were to ask me, i see no future for the offshore oil industry. But i will be expecting growth in the natural gas industry, judging from the macro environment. Paying special attention to India which has majority of its natural gas reserves residing offshore. I' m hoping that the ONGC would consider investing into this offshore reserve in the near future (since times are bad and things are cheap), to hedge against rising oil prices in the future and to be less dependent on imports. If it turns out to be that case, Ezra has got a very high possibility of clinching those projects. With that said, there' s no certainty. zandlery      ( Date: 12-Oct-2016 17:46) Posted: if u see what assets idle around in their workshop and shipyard u will know things are not good...... vessel idling still require wages of manpower n fuel.......basically burning money all the time.... They may have reduce the rate of burning by disposing asset.......but still burning.....if no profit coming in.......debt will keep on accumulate. If hoping of certain JV will acquire project and recover from there......sad to say.....me myself in offshore industry know that not only SE asia does not have project...it most of the world have no project going on....
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animalfarm Member	12-Oct-2016 18:53        animalfarm About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, the boom of the shale oil industry really wrecked the offshore industry hard. And honestly if you were to ask me, i see no future for the offshore oil industry. But i will be expecting growth in the natural gas industry, judging from the macro environment. Paying special attention to India which has majority of its natural gas reserves residing offshore. I' m hoping that the ONGC would consider investing into this offshore reserve in the near future (since times are bad and things are cheap), to hedge against rising oil prices in the future and to be less dependent on imports. If it turns out to be that case, Ezra has got a very high possibility of clinching those projects. With that said, there' s no certainty. zandlery      ( Date: 12-Oct-2016 17:46) Posted: if u see what assets idle around in their workshop and shipyard u will know things are not good...... vessel idling still require wages of manpower n fuel.......basically burning money all the time.... They may have reduce the rate of burning by disposing asset.......but still burning.....if no profit coming in.......debt will keep on accumulate. If hoping of certain JV will acquire project and recover from there......sad to say.....me myself in offshore industry know that not only SE asia does not have project...it most of the world have no project going on..... animalfarm      ( Date: 12-Oct-2016 17:35) Posted: Tangible assets wise, you could be right. But, how does that matter? Yes, they sold many of their FPSOs, but do not disregard intangible assets that are not reflected in financial statements... there are reasons why EMAS is still a partner in the JV.
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