| Latest Forum Topics / Falcon Energy |
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FALCON ENERGY - UNDERVALUED WINNER TOP STOCK PICK
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kangaroo11
Veteran |
30-Oct-2017 09:07
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Early morning top volumn liao... Hot stock of the day! Lol | ||||
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danger
Supreme |
30-Oct-2017 08:56
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That is what i said last friday when 7.1/7.2 price gave way .......
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ruready
Supreme |
30-Oct-2017 08:19
Yells: "Follow the micro penny , May be this is the last train" |
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Oil price up VS BAD RESULT ,  | ||||
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kangaroo11
Veteran |
29-Oct-2017 23:39
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Har... keep so long, wait got mound liao! Adversity = Opportunities Tomorrow short big big huat big big?
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kangaroo11
Veteran |
29-Oct-2017 23:27
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Employment in the global oil and gas sector set to rise for the first time in four yearsEmployment prospects in the global oil and gas sector appear to be on the up for the first time since the oil price crash of 2014. New research suggests more new jobs will be created than lost in the coming 12 months, with almost 60 per cent of employers expecting to recruit " significantly" . http://www.insider.co.uk/news/employment-global-oil-gas-sector-11414323 |
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kangaroo11
Veteran |
29-Oct-2017 23:25
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ExxonMobil' s oplans to boost capex in 2018Bolstered by higher crude oil prices, up roughly $6.50/b from Q3 2016, lower operating expenses and higher realizations, Exxon Mobil plans to increase its capital and exploration spending to about $25 billion in 2018, up from an estimated $17 billion this year, he said. Exxon Mobil' s capex was nearly $14.1 billion through the first nine months of this year, down nearly $400 million from the first three quarters of 2016.https://www.platts.com/latest-news/oil/washington/exxonmobils-output-climbs-as-it-plans-to-boost-21381654 |
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AndyLoss
Master |
29-Oct-2017 22:25
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don' t think we can get 0.060.. tomorrow.. so hold for another 1 year... let' s discuss in 2019 :)
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kangaroo11
Veteran |
29-Oct-2017 22:14
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Good. So how, short tomorrow?
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AndyLoss
Master |
29-Oct-2017 21:56
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0.05 :)
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Berani
Elite |
29-Oct-2017 21:55
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maybe tomorrow 0.03.. who knows..
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BBBulll
Senior |
29-Oct-2017 21:45
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Tmr big crash. Another bankrupt oil and gas company. | ||||
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AndyLoss
Master |
29-Oct-2017 19:38
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is it going to fall same as Triyards  ?  | ||||
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sheerluck
Supreme |
29-Oct-2017 16:09
Yells: "Work for your money first then let your money work for you" |
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FEG reported a total of US$162 mil losses for FY17. The following are the three big ticket items: 1.  Impairment of PPE  $74mil (close to my estimate of US$75mil as already mentioned can used CHO impairment as guide) 2.  Lossed from Rig - US$50mil      3.  Losses from non-comtrolling interest $S40 mil (already mentioned FEG will recognise this losses from sale of CHO shares) Item 1 and 3 are easily known.  For item 2, last FY Annual report, one can find FEG has advanced US$25mil to its assoc for the rig urchase.  Since then, FEG have advanced another US$25mil for a total losses of US$50mil. Cashflow wise, cash from operation showed another of US4mil losses.  Last quarter FEG OCF is -US$5mil.  If this trend carriess on, FEG will not be able to service its obligation without additional loan. Total debt is still high at US$172mil.  However, as equity has dropped so much, net gearing jumped from 0.6 times to a whooping 1.25 times.  FEG might has great difficulty in getting more bank loan and may be looking at shareholder' s pocket for funding. NAV dropped from US34cts (SG48cts) to US16cts (SG22cts). Lastly, FEG commentary on outlook is less than encourgaing.  Obviously it is not seeing taking the opportunity to use " oil is  aboveUS$60" to entice innocent people.  Their commentary clear suggest that external factors (eg, more contracts or oil price) is not going to be a grear help to heir business and is relying on itself being more lean. Next quarter can see some further impairments of its office sale and some further repayment of bank loan. Let see how market judge it tml.
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danger
Supreme |
29-Oct-2017 16:01
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PANIC SELLING TOMORROW ? | ||||
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sheerluck
Supreme |
29-Oct-2017 15:51
Yells: "Work for your money first then let your money work for you" |
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FEG reported a total of US$162 mil losses for FY17. The following are the three big ticket items: 1.  Impairment of PPE  $74mil (close to my estimate of US$75mil as already mentioned can used CHO impairment as guide) 2.  Lossed from Rig - US$50mil    3.  Losses from non-comtrolling interest $S40 mil (already mentioned FEG will recognise this losses from sale of CHO shares) Item 1 and 3 are easily known.  For item 2, last FY Annual report, one can find FEG has advanced US$25mil to its assoc for the rig urchase.  Since then, FEG have advanced another US$25mil for a total losses of US$50mil. Cashflow wise, cash from operation showed another   
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edwinjup
Supreme |
29-Oct-2017 15:39
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If we ignore the impairment.. co still loss 19m..and still got 172m repayable within a year.. | ||||
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machidrain
Veteran |
29-Oct-2017 15:34
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good luck to your decision. | ||||
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Volmax
Elite |
29-Oct-2017 15:18
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If cheong down low enough, I will add more to my holding. Brent and crude is at two years high and in IMHO, should be bullish in the short term towards year end and early next year. Best comforting note is SSH remains steadfast and unwavering. |
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machidrain
Veteran |
29-Oct-2017 15:06
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expect to chiong down tomorrow. worse results. pity those who brought at high of 0.08-0,09> .. |
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Volmax
Elite |
29-Oct-2017 14:11
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As expected Allowance for impairment of assets increased by US$133.15 million from US$19.94 million in FY 2016 to US$153.09 million in FY 2017. This was due mainly to higher provision for allowance for impairment of property, plant and equipment of US$86.81 million (of which US$85.01 million was related to vessels, which included US$73.93 million which was CHO-related, and US$1.80 million was related to revaluation of an office unit owned by a subsidiary) (FY 2016: US$10.11 million), and higher provision for allowance for doubtful receivables of US$58.48 million (of which US$48.63 million was related to rigs business and US$9.85 million was related to other receivables write-off) (FY 2016: US$7.30 million) such provisions made in view of the prolonged depressed oil and gas industry and long outstanding receivables. 
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