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destinykraze Elite	14-Mar-2017 11:39        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	milions? more like few hundred million dollars. TMW1986      ( Date: 14-Mar-2017 11:37) Posted: Ezra already owe millions of dollars. No chance of reviving Liao. If oil price fall below $48, Ezra will fall below 1 cent. Really depends on the inventory report tomorrow. Take your bet. kerier      ( Date: 14-Mar-2017 11:32) Posted: consolidation brings down costs? first time i heard that... the few players who survive this crisis will be able to command better rates going forward.
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TMW1986 Master	14-Mar-2017 11:37        TMW1986 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ezra already owe millions of dollars. No chance of reviving Liao. If oil price fall below $48, Ezra will fall below 1 cent. Really depends on the inventory report tomorrow. Take your bet. kerier      ( Date: 14-Mar-2017 11:32) Posted: consolidation brings down costs? first time i heard that... the few players who survive this crisis will be able to command better rates going forward.  earlybird14      ( Date: 14-Mar-2017 08:41) Posted: Close down but assets still there. Consolidation tend to bring down opex and capex cost, especially the capex cost which write off impairment loss and the assets go to next owner at cheaper price. Shale oil companies in U.S. And Canada consolidation are much faster than offshore market since their winding up started in 2015, so now their cost become cheaper and cheaper. Oil price will be back de. 风 水 轮 流 转 . About 2-3 more days for market to digest oil from Iran. Oil production won't grow in next 2-3 years, so next oil boom over 100 dollars estimate in 2019-2020
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kerier Veteran	14-Mar-2017 11:32        kerier About Contact  Quote this Post!
x 0   x 0  Alert Admin	consolidation brings down costs? first time i heard that... the few players who survive this crisis will be able to command better rates going forward.  earlybird14      ( Date: 14-Mar-2017 08:41) Posted: Close down but assets still there. Consolidation tend to bring down opex and capex cost, especially the capex cost which write off impairment loss and the assets go to next owner at cheaper price. Shale oil companies in U.S. And Canada consolidation are much faster than offshore market since their winding up started in 2015, so now their cost become cheaper and cheaper. Oil price will be back de. 风 水 轮 流 转 . About 2-3 more days for market to digest oil from Iran. Oil production won't grow in next 2-3 years, so next oil boom over 100 dollars estimate in 2019-2020. TMW1986      ( Date: 14-Mar-2017 07:48) Posted: Can wait Long Long for oil back to 100 dollar per barrel. Don't know how many companies will close down first
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TMW1986 Master	14-Mar-2017 09:50        TMW1986 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tml of oil price drop below $48, then can see below 1 cent already. Actually 8000 lots at about 1.1 cents is only about 90k worth of stock. Seems like a lot of people still inside and cannot get out. happyharvest      ( Date: 14-Mar-2017 09:42) Posted: How come no movement at all? No one wants to buy or sell this junk anymore?
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happyharvest Elite	14-Mar-2017 09:42        happyharvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	How come no movement at all? No one wants to buy or sell this junk anymore?
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dead44 Senior	14-Mar-2017 09:11        dead44 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Beware the isle of March
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pnuklis Master	14-Mar-2017 08:54        pnuklis About Contact  Quote this Post!
x 0   x 0  Alert Admin	It could be today! Emas is already Koya (suspended) and others to follow soon. Vessels are being arrested everywhere and soon the end is coming. Cash out of not already
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TMW1986 Master	14-Mar-2017 08:52        TMW1986 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha. Ezra really gone case one. No point saving. Hope all the retailers faster get out before things got worst. You see shipping industry for the longest the players never build vessels etc but still over tonnage by around 30%. It will take years to recover one. Not few years. Same for oil price. earlybird14      ( Date: 14-Mar-2017 08:41) Posted: Close down but assets still there. Consolidation tend to bring down opex and capex cost, especially the capex cost which write off impairment loss and the assets go to next owner at cheaper price. Shale oil companies in U.S. And Canada consolidation are much faster than offshore market since their winding up started in 2015, so now their cost become cheaper and cheaper. Oil price will be back de. 风 水 轮 流 转 . About 2-3 more days for market to digest oil from Iran. Oil production won't grow in next 2-3 years, so next oil boom over 100 dollars estimate in 2019-2020. TMW1986      ( Date: 14-Mar-2017 07:48) Posted: Can wait Long Long for oil back to 100 dollar per barrel. Don't know how many companies will close down first
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earlybird14 Supreme	14-Mar-2017 08:41        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Close down but assets still there. Consolidation tend to bring down opex and capex cost, especially the capex cost which write off impairment loss and the assets go to next owner at cheaper price. Shale oil companies in U.S. And Canada consolidation are much faster than offshore market since their winding up started in 2015, so now their cost become cheaper and cheaper. Oil price will be back de. 风 水 轮 流 转 . About 2-3 more days for market to digest oil from Iran. Oil production won't grow in next 2-3 years, so next oil boom over 100 dollars estimate in 2019-2020. TMW1986      ( Date: 14-Mar-2017 07:48) Posted: Can wait Long Long for oil back to 100 dollar per barrel. Don't know how many companies will close down first. earlybird14      ( Date: 13-Mar-2017 20:58) Posted: It will. Because offshore oil will be back and energy shortages era will be coming, oil consumption never drop just grow slowly. The oversupply just 2-3% more which take 2-3 years for consumption to catch up. The consumption can digest shale oil production and need offshore oil back. Once catch up, oil will be back to 100 an even higher, because there are not replacement economically in the world now. Does Gov want to miss out the oil boom in next decade? Again, the world doesn't have so much industry can generate high revenue de.😁 😁 😁
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leongyan Master	14-Mar-2017 08:40        leongyan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Short and buy back at 0.005 happyharvest      ( Date: 14-Mar-2017 00:10) Posted: die.. below 0.01 soon risktaker      ( Date: 13-Mar-2017 23:57) Posted: looks like oil is collapsing
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sengsk Elite	14-Mar-2017 08:03        sengsk About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://www.heavyliftnews.com/news/ezra-faces-another-wind-up-threat-over-debt?cu=3997 TMW1986      ( Date: 14-Mar-2017 07:48) Posted: Can wait Long Long for oil back to 100 dollar per barrel. Don't know how many companies will close down first. earlybird14      ( Date: 13-Mar-2017 20:58) Posted: It will. Because offshore oil will be back and energy shortages era will be coming, oil consumption never drop just grow slowly. The oversupply just 2-3% more which take 2-3 years for consumption to catch up. The consumption can digest shale oil production and need offshore oil back. Once catch up, oil will be back to 100 an even higher, because there are not replacement economically in the world now. Does Gov want to miss out the oil boom in next decade? Again, the world doesn't have so much industry can generate high revenue de.😁 😁 😁
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TMW1986 Master	14-Mar-2017 07:48        TMW1986 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can wait Long Long for oil back to 100 dollar per barrel. Don't know how many companies will close down first. earlybird14      ( Date: 13-Mar-2017 20:58) Posted: It will. Because offshore oil will be back and energy shortages era will be coming, oil consumption never drop just grow slowly. The oversupply just 2-3% more which take 2-3 years for consumption to catch up. The consumption can digest shale oil production and need offshore oil back. Once catch up, oil will be back to 100 an even higher, because there are not replacement economically in the world now. Does Gov want to miss out the oil boom in next decade? Again, the world doesn't have so much industry can generate high revenue de.😁 😁 😁 kerier      ( Date: 13-Mar-2017 20:47) Posted: If the companies cannot generate enough revenue to pay high salaries and still stay profitable then what is the point of them existing?
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happyharvest Elite	14-Mar-2017 00:10        happyharvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	die.. below 0.01 soon risktaker      ( Date: 13-Mar-2017 23:57) Posted: looks like oil is collapsing
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risktaker Supreme	13-Mar-2017 23:57        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	looks like oil is collapsing
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earlybird14 Supreme	13-Mar-2017 21:00        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Or you start up a new Samsung in Singapore which can contribute 20-30% GDP 😁 😁 😁 earlybird14      ( Date: 13-Mar-2017 20:58) Posted: It will. Because offshore oil will be back and energy shortages era will be coming, oil consumption never drop just grow slowly. The oversupply just 2-3% more which take 2-3 years for consumption to catch up. The consumption can digest shale oil production and need offshore oil back. Once catch up, oil will be back to 100 an even higher, because there are not replacement economically in the world now. Does Gov want to miss out the oil boom in next decade? Again, the world doesn't have so much industry can generate high revenue de.😁 😁 😁 kerier      ( Date: 13-Mar-2017 20:47) Posted: If the companies cannot generate enough revenue to pay high salaries and still stay profitable then what is the point of them existing?
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earlybird14 Supreme	13-Mar-2017 20:58        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	It will. Because offshore oil will be back and energy shortages era will be coming, oil consumption never drop just grow slowly. The oversupply just 2-3% more which take 2-3 years for consumption to catch up. The consumption can digest shale oil production and need offshore oil back. Once catch up, oil will be back to 100 an even higher, because there are not replacement economically in the world now. Does Gov want to miss out the oil boom in next decade? Again, the world doesn't have so much industry can generate high revenue de.😁 😁 😁 kerier      ( Date: 13-Mar-2017 20:47) Posted: If the companies cannot generate enough revenue to pay high salaries and still stay profitable then what is the point of them existing?    earlybird14      ( Date: 13-Mar-2017 20:32) Posted: Of course for the jobs lah, High salary jobs in global😁 😁 😁 Struggling? high pay in the industry mah, no high pay how to attract talents to expand the business. Now after taking years of pain, local pick up the skills, then gov want to say bye bye to the industry? Singaporean only can survive with high paid jobs. You thought so many high paid industry meh. Gov will rescue them. Wait and see loh😁 😁 😁
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kerier Veteran	13-Mar-2017 20:47        kerier About Contact  Quote this Post!
x 0   x 0  Alert Admin	If the companies cannot generate enough revenue to pay high salaries and still stay profitable then what is the point of them existing?    earlybird14      ( Date: 13-Mar-2017 20:32) Posted: Of course for the jobs lah, High salary jobs in global😁 😁 😁 Struggling? high pay in the industry mah, no high pay how to attract talents to expand the business. Now after taking years of pain, local pick up the skills, then gov want to say bye bye to the industry? Singaporean only can survive with high paid jobs. You thought so many high paid industry meh. Gov will rescue them. Wait and see loh😁 😁 😁 kerier      ( Date: 13-Mar-2017 20:19) Posted: Ya why Singapore flag? Cos there are tax exemptions and not all vessels are registered with MPA. Ya go calculate then you know the banks didn' t make any money. Unsecured bondholders got only 5% to 7% interest so how much did the banks get from these secured vessel loans? Do the math and you will know. You said rescue whole O& G industry and that includes Ezra and Swiber. Keppel and Sembmarine are in good hands so they aren' t facing any immediate danger. Reset the management? You think so easy? Ezra and Swiber were already struggling when oil was near $100.  Why not GIC and Temasek just invest in O& G companies that can still survive or shale companies? I would be pissed if the gov is going to throw away taxpayers' money like how you suggest it should.
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earlybird14 Supreme	13-Mar-2017 20:32        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Of course for the jobs lah, High salary jobs in global😁 😁 😁 Struggling? high pay in the industry mah, no high pay how to attract talents to expand the business. Now after taking years of pain, local pick up the skills, then gov want to say bye bye to the industry? Singaporean only can survive with high paid jobs. You thought so many high paid industry meh. Gov will rescue them. Wait and see loh😁 😁 😁 kerier      ( Date: 13-Mar-2017 20:19) Posted: Ya why Singapore flag? Cos there are tax exemptions and not all vessels are registered with MPA. Ya go calculate then you know the banks didn' t make any money. Unsecured bondholders got only 5% to 7% interest so how much did the banks get from these secured vessel loans? Do the math and you will know. You said rescue whole O& G industry and that includes Ezra and Swiber. Keppel and Sembmarine are in good hands so they aren' t facing any immediate danger. Reset the management? You think so easy? Ezra and Swiber were already struggling when oil was near $100.  Why not GIC and Temasek just invest in O& G companies that can still survive or shale companies? I would be pissed if the gov is going to throw away taxpayers' money like how you suggest it should.        earlybird14      ( Date: 13-Mar-2017 19:55) Posted: Then you should ask bank if they lose or earn money in past 12 years since 2005. All vessel registered under SINGAPORE, executives level designers and office staffs all are in Singapore. Of course lah, SINGAPORE where got oil field😂 😂 😂 Did I say rescue Ezra and Swiber? I said to rescue the industry dude. Jm both companies, reset the management, settle debts with creditors with lowest cost. Then get ready for next offshore boom😁 😁 😁 If U.S. government let GM die no rescue them from bankruptcy, today don't have GM Loh and U.S. Are dominated with japan or Korean car already. Temasek and gic can lose billion dollars on Switzerland and U.S. Banks, why can't dump billion for the industry, the whole industry also billion mah
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kerier Veteran	13-Mar-2017 20:19        kerier About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya why Singapore flag? Cos there are tax exemptions and not all vessels are registered with MPA. Ya go calculate then you know the banks didn' t make any money. Unsecured bondholders got only 5% to 7% interest so how much did the banks get from these secured vessel loans? Do the math and you will know. You said rescue whole O& G industry and that includes Ezra and Swiber. Keppel and Sembmarine are in good hands so they aren' t facing any immediate danger. Reset the management? You think so easy? Ezra and Swiber were already struggling when oil was near $100.  Why not GIC and Temasek just invest in O& G companies that can still survive or shale companies? I would be pissed if the gov is going to throw away taxpayers' money like how you suggest it should.        earlybird14      ( Date: 13-Mar-2017 19:55) Posted: Then you should ask bank if they lose or earn money in past 12 years since 2005. All vessel registered under SINGAPORE, executives level designers and office staffs all are in Singapore. Of course lah, SINGAPORE where got oil field😂 😂 😂 Did I say rescue Ezra and Swiber? I said to rescue the industry dude. Jm both companies, reset the management, settle debts with creditors with lowest cost. Then get ready for next offshore boom😁 😁 😁 If U.S. government let GM die no rescue them from bankruptcy, today don't have GM Loh and U.S. Are dominated with japan or Korean car already. Temasek and gic can lose billion dollars on Switzerland and U.S. Banks, why can't dump billion for the industry, the whole industry also billion mah. kerier      ( Date: 13-Mar-2017 19:36) Posted: The banks will lose more money than they made through single digit percent loans and front-end fees. Do you think Ezra, Swiber, Swissco etc buy their vessels, equipments or repair their vessels in Singapore? Nope they don' t. Their vessels don' t work in Singapore, they work where the oil fields are - in the Middle East, Africa, Europe, Gulf, SEA. Do they repair or service their vessels in Singapore?  If the gov is willing to part with NOL which they owned for a damn long time, what makes you think they will rescue these 3rd party companies? They can still focus on the maritime industry, ports, bunkering, shipbuilding, oil refining, oil storage, banking, wealth management, technology etc. When you have to cut loss, you better CUT LOSS.
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earlybird14 Supreme	13-Mar-2017 19:55        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Then you should ask bank if they lose or earn money in past 12 years since 2005. All vessel registered under SINGAPORE, executives level designers and office staffs all are in Singapore. Of course lah, SINGAPORE where got oil field😂 😂 😂 Did I say rescue Ezra and Swiber? I said to rescue the industry dude. Jm both companies, reset the management, settle debts with creditors with lowest cost. Then get ready for next offshore boom😁 😁 😁 If U.S. government let GM die no rescue them from bankruptcy, today don't have GM Loh and U.S. Are dominated with japan or Korean car already. Temasek and gic can lose billion dollars on Switzerland and U.S. Banks, why can't dump billion for the industry, the whole industry also billion mah. kerier      ( Date: 13-Mar-2017 19:36) Posted: The banks will lose more money than they made through single digit percent loans and front-end fees. Do you think Ezra, Swiber, Swissco etc buy their vessels, equipments or repair their vessels in Singapore? Nope they don' t. Their vessels don' t work in Singapore, they work where the oil fields are - in the Middle East, Africa, Europe, Gulf, SEA. Do they repair or service their vessels in Singapore?  If the gov is willing to part with NOL which they owned for a damn long time, what makes you think they will rescue these 3rd party companies? They can still focus on the maritime industry, ports, bunkering, shipbuilding, oil refining, oil storage, banking, wealth management, technology etc. When you have to cut loss, you better CUT LOSS.  earlybird14      ( Date: 13-Mar-2017 19:17) Posted: The implication of 1 industry gone in Singapore will be extended to other industry like transportation and storage( offshore platform transportation and equipment transportation from warehouse to yard and offshore hub and fuel refilling and this and that) finance and insurance( see how much debt involved with banks and offshore companies, although banks are in trouble now but in the past few years, how much money banks earned from those company through financing and insurance for those vessels and people working in that industry?) business service( those people working in offshore companies no need to be served? Expatriate staying in Singapore, contribute rental fee for condo and all kind of services) manufacturing( equipment on board the vessels are from factories and some in Singapore factories) Don't rescue this industry? Gov better think what else can fill the gap especially all industry are running with cycle and no one can be forever peak. Don't be just a downturn and abandon this industry. So next semiconductor and electronic bubble(going to come soon) so gov abandon this industry as well? 😁 😁 😁 😁
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