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KrisEnergy
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sheerluck
Supreme |
03-Nov-2017 13:07
Yells: "Work for your money first then let your money work for you" |
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This comign quarter is likely to report simialr results to similar quarter last year.  Selling price should see a siginificant increase which I estimate to be about +20% yoy but production is likely to drop more which I estiamte to be about -30% yoy. KRIS latest update is their corporate presentation on 6 Oct and is no far from thier Q3 reporting.  I don' t think there will be significant development since and Market has already seen that 6 Oct presetnation. For the coming 2018, the main factors will be production from Wassana and oil price.  If oil price can maintain ard US$65 and their new wells in Wassana can bring Wassana production back bear to it initial peak/average of 12,800/10,000 bopd, loss will be much loweer and cashflow will be much stronger. Their next big contirbutor will be the Cambodia Block A which they have 95% vested interest and their are the operator.  But this one will only see oil in late 2019 so still too far in term of market timing. Lets see what actually Q3 results brings.
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WL123456
Supreme |
03-Nov-2017 12:12
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The losses will be narrower since the average sales price should increase with oil averaging between $50-$60 bbl. Also the last Q losses is affected by a one time impairment loss due to disposal of subsidiary. Either a small profit or small narrow loss. | ||||
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TraderBen
Supreme |
03-Nov-2017 11:53
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selling force very strong today..maybe friday.. | ||||
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lennon1986
Member |
03-Nov-2017 11:40
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3Q is expected highly likely to make losses cause the avg for 3Q is still below 60 USD and they also engage drilling rig to wassana field to enhance production. Though drilled previously the production still have problems with the output...is a good field just that geology and nature is hard to predict. But i do expect is a narrow losses
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LongNobley
Master |
03-Nov-2017 09:55
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Kris is still making losses as of now?
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WL123456
Supreme |
03-Nov-2017 09:42
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The most important thing is Temasek , being the other substantial shareholder , is not selling any shares at all. Keppel crop is backing kris energy and at above usd $60 a barrel, profit will be rolling in for kris energy. The other point to note is despite the selling by FR, the share price did not plunge massively . I suspect the open market transaction could be involving purchases make by private vehicles such as those of the new CEO who had been quite aggressive in piling up his share. It?s the price of the oil that will determine kris worth and not First Reserve because when the dust settles , the profit and loss will eventually reveal the true price of this equity .
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SgYuan
Supreme |
03-Nov-2017 09:35
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I lower my cut lost line to 106.
As I review the chart, 106 could be the start as well. So EW start 106-114-w2:109(61.8%)
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TraderBen
Supreme |
03-Nov-2017 09:27
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after FR sold.. the next day the price went up.. means Kris is not all about FR.. | ||||
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calvinlooi
Senior |
03-Nov-2017 09:14
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SgYuan so geng. Touch 11 cts, may accumulate some more, then shoot high high with US shares.
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Siwomp
Supreme |
03-Nov-2017 09:06
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Good analysis.
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sbscap
Master |
02-Nov-2017 23:45
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I don' t see it that way. FR has to sell because it is required/mandatory due to its PE fund structure. Hawks are all over I would imagine. My guess is many of these hawks are waiting till FR is down to the last 10%, then they approach FR to take 4.99%. Imagine if FR is down to 9.98%, then sell 4.99% to some fund, everyone will jump in to buy Kris because it is down to the tail end of selling. FR and the new buyer don' t have to disclose their holdings (less than 5%). The buying will be strong. FR' s last 4.99% will take about less than a month to sell. The new buyer can wait and sell slowly, perhaps over 18 months. If FR sells to two buyers of 4.99%, then the level to watch is about 15%. We are about 28% now, another 13% to 18% to go. This is about 13 to 18 weeks at 1% per week. I would start to add more when FR is down to 18%.  
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SgYuan
Supreme |
02-Nov-2017 21:16
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Today selling is expected.
W2 correction, I expect it to drop to 11 cts. It is 62.8% drop from 11.4, tgt 11cts.
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Alvin2042
Master |
02-Nov-2017 20:58
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Yes, there will still be a trend even with FR selling. But as a traders, I will avoid this counter as the upward movement will be impeded by this consistent selling. Probably, without this FR, place may fluctuate from 10-14, now the movement only 10-12. A little witness will see selling like today.
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SgYuan
Supreme |
02-Nov-2017 20:52
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Bro, I don't follow FA.
But what I know is Px hit 10.1cts and bound back. It is the perception of the market forces. I think I have seemed this FR issue, but think is not new right. Only unexpected news can change the direction of Px moment.
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Alvin2042
Master |
02-Nov-2017 20:41
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I am perturbed that FR could not find a taker of their stake even with the current oil prices. This shows that no much confident in Kris business.
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SgTrader17
Elite |
02-Nov-2017 20:25
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Besides FR selling, no one else is selling much unless Oil prices drop and it's results not good.
I just wonder, if FR can sell at a higher price, why would it sell cheap? Utimately, the big question is, will Kris energy survive the Oil crisis and make profit in the coming future? So far, it's support seems strong and Oil prices are not as bad as before. See how the next few days go. |
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TraderBen
Supreme |
02-Nov-2017 20:08
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Ssh selling and price still up
Is a good thing! Means got huge hands absorbing |
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ruready
Supreme |
02-Nov-2017 19:58
Yells: "Follow the micro penny , May be this is the last train" |
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This all depends on BB want or don?t want to push, just like alliance tech one day finish n digest , I think alliance tech ssh who any how throw n bb any how push now heart pain money all go to bb n retail pocket, this is a good example, hopefully kris bb see this Tmr turbo kris share price | ||||
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ruready
Supreme |
02-Nov-2017 19:51
Yells: "Follow the micro penny , May be this is the last train" |
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Never mind let ah moh selling , just like alliance tech , later turbo from 111 - 122 - 133 - 188 than heart pain
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sbscap
Master |
02-Nov-2017 19:39
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So FR sold. It didn' t stop at 29.99% as some said. It didn' t stop because of blackout period. 46m shares traded yesterday and FR may have sold some. Probably closer to 28.00% now. My guess is good results will cause the share price to rise and more selling. Hopefully by end Dec, FR' s holding is down below 10%. | ||||
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