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Geo Energy Res
Last:0.45
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Black Gold Industry Discussion
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tccroy
Elite |
18-Jun-2025 08:05
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I see you reporting this everyday. Is it you hope to enter at cheap price below 30? Everyone invests in Geo knows about it.
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piscesmonkey
Supreme |
18-Jun-2025 07:52
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 Everyday drop 50cents? |
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ozone2002
Supreme |
17-Jun-2025 09:46
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This morning majority of the volume is sold to buyer
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Trainner
Master |
17-Jun-2025 09:26
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Thank you.
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tccroy
Elite |
16-Jun-2025 17:29
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You can refer to SGX website for information on share buyback. But you have to ask your remisier to sell it on your behalf.
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Trainner
Master |
16-Jun-2025 17:13
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As ordinary investors, we are not able to see the buy back?
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tccroy
Elite |
16-Jun-2025 16:42
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There was a share buy back at 37.5 for 50,000 shares for this shortists today., 😂 😆 😂 | ||||
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Newbie85
Veteran |
16-Jun-2025 12:53
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Yes. Loaded Geo energy for next wave up. for past records refer to previous posts |
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ozone2002
Supreme |
16-Jun-2025 11:21
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Last:0.365  +0.005nice rally for Geo, however sell down still outweighs the buy ups 🤔
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Catrade
Master |
16-Jun-2025 09:04
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The spike in oil price will benefit coal stocks, like Geo | ||||
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ozone2002
Supreme |
16-Jun-2025 09:02
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Crude big gain will have knock on effect on commodities such as coal accumulate on weakness dyodd |
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tedlim
Veteran |
16-Jun-2025 09:02
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Seem to align with what GEO has been sharing... Coal prices to rise significantly from 2027 onward, analysts say Reduced financing to limit supply growth despite robust Asian demand JAKARTA -- Coal prices are rebounding from a four-year low and are forecast to increase significantly from 2027 onward, driven by rising demand in Asia and limited new supplies, analysts said in Jakarta this week. The benchmark Newcastle futures for thermal coal rose to $105 per metric ton in early June, recovering from a low of $94 in late April. That was the lowest price since 2021 and it was dragged down by concerns over China' s declining power consumption due to the trade war waged by U.S. President Donald Trump. The World Bank, in a blog post on Monday, forecast the annual thermal coal price average would drop from $136 per ton in 2024 to $100 per ton this year, and fall by a further 5% in 2026. The declining trend, however, is expected to reverse in 2027. " Coal prices could easily go up to $120 within three years due to the U.S. energy policy under the Trump administration," Ghee Peh, director of Capital Luck Investment, told Nikkei Asia on Thursday, on the sidelines of the Indonesia Critical Minerals Conference & Expo in Jakarta. He was referring to Trump' s support for fossil fuels and broadly unfavorable policy toward renewable energy. Prices for metallurgical or coking coal, primarily used to make iron and steel, are also expected to improve over the medium term. The Australia premium coking coal price has rebounded slightly from a similar four-year low in March to $186 per ton as of Thursday. Despite the recent weakness, Kevin Lee, senior research analyst at research company McCloskey, told Nikkei, " We expect significant improvement to [the] metallurgical coal price from 2027 onwards," citing a forecast of $230 per ton for prime hard coking coal that year. " Shortage of access to finance facilities, declining reserve quality, higher costs and so on contribute to a rising price outlook," he added. Global pressures to decarbonize and accelerate renewable energy uptake in recent years have prompted international banks to set guidelines to reduce their exposure to coal projects. In Japan, financial institutions such as Sumitomo Mitsui Banking Corp. have followed the trend of limiting funding for coal projects. Starting next year, Singaporean lender DBS Group will phase out financing for existing customers who derive more than 50% of their revenue from thermal coal. While new supplies are expected to be limited in the coming years due to shrinking access to financing, demand is forecast to continue to rise, especially in emerging economies. Despite an economic slowdown and a strong government push for renewable energy, coal demand from China, which accounts for half the global consumption of the dirty fuel, is forecast to " remain strong" through 2027, said Amy Dong, senior consultant at the Shanghai Metals Market. " Coal will [remain] the main source of power generation in China" for the foreseeable future, she added. Dong cited a similar story in India, the second-largest consumer of coal globally. " The demand is expected to rise due to infrastructure projects pushed by the Indian government." Vasudev Pamnani, director of India' s iEnergy Natural Resources, predicts coal demand from the South Asian country will reach 1.8 billion tons by 2030, up from 1.3 billion tons last year. Southeast Asia' s coal consumption is also expected to stay robust, along with rises in electricity demand due to economic and population growth in countries like Vietnam and Indonesia. The transition to clean energy in these countries is facing an uphill battle as the U.S. under Trump pulled out from the Just Energy Transition Partnership. The initiative, established under former U.S. President Joe Biden, was aimed at mobilizing funding from developed nations to support energy transitions in developing countries, with Indonesia and Vietnam among the first targets. |
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jm2212
Master |
14-Jun-2025 23:49
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https://x.com/NikkeiAsia/status/1930560448325169413 | ||||
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piscesmonkey
Supreme |
14-Jun-2025 21:22
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Trainner
Master |
14-Jun-2025 10:56
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This asset is not a strategic one, good to dispose and focus on the big picture.
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Joelton
Supreme |
13-Jun-2025 13:03
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Geo Energy sells stake in Indonesian subsidiaries for US$18 mil
Geo Energy&rsquo s subsidiary has entered into a sale and purchase agreement to sell its shares in Sumber Bara Jaya (SBJ) for US$18 million ($23.03 million), according to a bourse filing on June 12.
Geo Energy holds 999 shares in SBJ, and two of its employees, Ng See Yong and Huang She Thong, each hold 1 minority share in the subsidiary. Geo Energy will also cease being a shareholder in Bumi Enggang Khatulistiwa (BEK), a subsidiary of SBJ.
Ng is the brother of Charles Antonny Melati, executive chairman and CEO of Geo Energy. He held a minority shareholding in SBJ for the purposes of compliance with Indonesian law. Huang is the chairman and CEO of Geo Energy&rsquo s Indonesian office, and also a brother of Melati.
Following the proposed disposal, SBJ and BEK will no longer be part of Geo Energy.
Geo Energy says that the rationale for the proposed disposal is that BEK is a non-core asset of the group which has low production volume due to operational and logistical challenges. It has been in a loss position with cumulative loss of US$0.6 million from 2022 to 2024.
Geo Energy&rsquo s earnings per share after the proposed disposal will rise to 2.63 US cents, from 2.62 US cents previously. Its net tangible asset per share will rise to $38.20.
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pursuer76
Veteran |
13-Jun-2025 11:06
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you are right. please tell this to these people. war brings bad more than good most of the times.
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HVRRVH
Elite |
13-Jun-2025 10:08
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Added @ $0.355. I think last week some insiders exercised options to purchase about 1 over million shares @ $0.27. It doesn' t appear that they have cashed in already or else they should be announcement in SGXnet. They must be confidence of further upside so let' s see. Anyway, $0.355 is crucial support so it better don' t break. Meanwhile, next dividend should be announced after 1H results in Aug and paying out in the same month. | ||||
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dontbetray
Master |
13-Jun-2025 10:06
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be sensitive
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ozone2002
Supreme |
13-Jun-2025 09:34
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Last:0.355  -0.005Sell on news effect, this news like too minuscule to create such an effect on price
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