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FALCON ENERGY - UNDERVALUED WINNER TOP STOCK PICK
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Volmax
Elite |
24-Sep-2017 09:10
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US Shale Oil are not substainale in the long run and may caused pollution to the freshwater source. Oil Company likely to revert back to shallow or deep water drilling when it is no longer economical to extract shale oil. http://oilprice.com/Energy/Crude-Oil/US-Shale-Water-Is-the-New-Oil.html U.S. Shale: Water Is the New OilTexas has a water problem, and this one isn&rsquo t due to Hurricane Harvey&hellip Rising U.S. shale output has led to increased amounts of the water that inadvertently flows out of wells together with oil. For now, drillers use trucks to transport this dirty water&mdash which exceeds the amount of oil produced&mdash to disposal sites, creating heavy traffic on roads. But now, at the heart of the shale boom in Texas, water management companies are thinking about new ways to move this water, creating a new opportunity in the onslaught of U.S. shale&mdash and a new hurdle for U.S. shale drillers desperately trying to cut costs to stay afloat. Water is used &mdash and produced&mdash in the various stages of hydraulic fracturing. Drillers source freshwater or brackish water, and then transport it to the well, mix it with proppants, and inject the fluid into the well to create cracks in the rock formations. Oil and gas flows to the surface, and the water comes with it. And the quantity of this water is typically several times higher than the oil flow&mdash especially in the Permian. The higher the amount of the produced water, the higher the water management costs for drillers, and cost-cutting in today&rsquo s low-priced oil environment is now a necessity for survival. To manage this water, operators hire oilfield management firms to transport&mdash by trucks&mdash the produced water to sites that are miles away from the well sites. With shale production in the U.S. on the rise&mdash a trend expected to continue next year&mdash E& P companies will have more and more produced water to manage. |
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Volmax
Elite |
23-Sep-2017 20:18
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I believed Falcon Management will do a share buy-back soon, once they had tie up the loose ends. Last buy-back was 100lots done at 0.124 on 14 March 2017. Cummulative shares buy-back via Market Aquisition was 16,810,900 shares to date. 
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Volmax
Elite |
23-Sep-2017 19:21
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https://www.cnbc.com/2017/09/21/oil-prices-edge-up-ahead-of-opec-meeting-on-supply-cut-extension.html US crude ticks up 11 cents, settling at $50.66 for third straight weekly gain
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Volmax
Elite |
23-Sep-2017 17:35
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Being the last few left standing, Falcon will emerge stronger and bound to secured more projects when oil rebound.
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danger
Supreme |
23-Sep-2017 17:25
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NOT MANY FALCON COMPETITORS LEFT IN THE MARKET
SWIBER , NAM CHEONG , SWISSCO , EZRA , EMAS , EZION , MARCO POLO , TRIYARDS ETC ALL GONE FALCON TIME TO GRAB THE PROJECTS
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Volmax
Elite |
22-Sep-2017 22:45
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https://www.cnbc.com/2017/09/22/refinery-demand-not-opec-is-the-key-to-keeping-oil-prices-above-50-a-barrel-analysts-say.htmlRefinery demand, not OPEC, is the key to keeping oil prices above $50 a barrel, analysts say
Oil exporters meet in Vienna on Friday to discuss their pact to cut production, but many analysts are not focused on Austria this week. Instead, they' re watching refineries around the world for signs that the oil price rally can continue. U.S. West Texas Intermediate crude hit a nearly four-month high at $50.81 on Thursday, despite three straight weeks of rising stockpiles in the aftermath of Hurricane Harvey, which shut a quarter of U.S. refining capacity. On Friday, international benchmark Brent crude oil was trading within $2 of its 2017 high of $58.37. This comes as the market focus has flipped from how quickly OPEC can drain a global glut of crude oil to how hungry the world remains for fuel. A major catalyst for the recent run-up was improved forecasts for 2017 global demand from the International Energy Agency and OPEC. Now, there are signs three years of oversupply are coming to an end. Brent has flipped into backwardation, meaning prices for immediate delivery are higher than contracts for future shipment. That is a sign traders believe the market is tightening. It also helps to empty stockpiles by encouraging traders to sell oil immediately, instead of storing it to take advantage of higher prices in the future. 
Crude stockpiles have fallen in the OECD, a group of mostly developed nations, throughout the second quarter, OPEC notes in its September bulletin. OECD inventories stood at 195 million barrels above the five-year average in July, down from about 340 million barrels above that level at the start of 2017. OPEC highlights the role of its production cuts in driving down stocks in the bulletin. The group, along with other exporters, is keeping 1.8 million barrels off the market through March. Friday' s producer meeting ended without the group agreeing to extend the cuts, Reuters reported. " Over the first half of the year, the collective efforts of participating producer nations have pulled close to 350 [million barrels] in aggregate from global supply," OPEC said. " It is easy to imagine what the market would have looked like had these 24 countries not taken such collective action." But OPEC may be giving itself too much credit, according to Matt Smith, director of commodity research at tanker-tracking firm ClipperData. While the cartel and its allies continue to keep a lid on production, their crude exports remain robust, with the exception of Saudi Arabia, he said. Given that constant, the variable that matters for oil prices is demand, Smith said. U.S. crude prices, year to date, source: Factset  " We haven' t really seen a number of OPEC [members] dialing back on their exports. For this momentum to be upset, it would have to come from the demand side," he said. U.S. refineries are processing about a million barrels a day less oil than at this time last year due to impacts from Harvey. However, crack spreads &mdash the difference between crude oil and refined product prices &mdash remain wide. That gives refiners a reason to keep processing crude at a time when they' re normally winding down operations to perform maintenance on their facilities. Refiners may put off some maintenance and keep plants running so they can continue to take advantage of fat profit margins, sustaining demand for feedstock crude oil, analysts said. " There are times like these when they' ll push the envelope, especially when the envelope is getting stuffed with cash," said John Kilduff, founding partner at energy hedge fund Again Capital. Demand for refined petroleum products like diesel has been " remarkable," but Kilduff believes persistently high U.S oil production will continue to exert downward pressure on crude prices. He is also wary of the prevailing narrative around demand strength. " To the extent it falters, prices will get punished again. That' s really the key here," he said. To be sure, U.S. shale oil producers have played the part of the spoiler this year. When crude costs rise, they lock in higher prices for future delivery with buyers. That means they keep pumping today to fulfill those contracts, which makes it harder to reduce oversupply. However, monthly figures show U.S. oil production flatlining recently, and even dipping in June, said Amrita Sen, chief oil analyst at research consultancy Energy Aspects. " I think $50 was proving to be too low. Global oil demand growth has been close to 2 million barrels per day, and supplies aren' t growing anywhere close to that. So I think $50 just ended up being a price where there was too much demand, and that' s why we' re drawing way too much inventories now," she told CNBC on Friday. High demand for diesel and home heating fuel in particular means refineries are willing to pay more for crude oil, said Tom Kloza, global head of energy analysis at Oil Price Information Service. While recent hurricanes have wiped out demand for gasoline in recent weeks, demand for diesel is likely to remain strong as construction crews fire up heavy machinery to rebuild storm-ravaged areas, he noted. " Those high margins translate into less resistance for crude oil prices that are a few dollars higher," he said. |
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Volmax
Elite |
22-Sep-2017 20:34
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Crude stay above USD50 for the second straight day. I predict crude may penetrate and stay above 55 in the coming weeks. Oil up 2 percent despite U.S. crude build set for best third quarter since 2004https://www.reuters.com/article/us-global-oil/oil-up-2-percent-despite-u-s-crude-build-set-for-best-third-quarter-since-2004-idUSKCN1BT019 |
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danger
Supreme |
22-Sep-2017 13:52
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COMING !!!! | ||||
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danger
Supreme |
22-Sep-2017 06:59
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CRUDE OIL MASSIVE RECOVERY TO $50.72 | ||||
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Volmax
Elite |
20-Sep-2017 21:29
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Shaking loose all the monkeys. Shake! Shake! Shake! 
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danger
Supreme |
20-Sep-2017 15:37
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NO WORRIES IF HAD LOADED AT NEAR ALL TIME.ROCK BOTTOM OF COURSE IF YOUR HOLDING PRICE IS AROUND 50c to $1 THEN FORGET IT | ||||
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kangaroo11
Veteran |
20-Sep-2017 11:57
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1st day demand > supply. 2nd day supply> demand. Lol!
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Eruditionboy
Senior |
20-Sep-2017 08:43
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Any comments on the price action for the past two days? Why does it surge 25% after successful restructuring then pare gains the next day? | ||||
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Volmax
Elite |
19-Sep-2017 20:53
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After all the actions die down, I think the management will slowly buy back until price reach above 10c. After that they may do a right issue to strengthen their coffer.
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kangaroo11
Veteran |
19-Sep-2017 20:32
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Rigs already cancelled
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pnuklis
Master |
19-Sep-2017 17:20
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The rigs they have ordered are going to pull them back anyway. What happened to the 120 million they took from CH Offshore? Where did that dissapear? | ||||
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danger
Supreme |
19-Sep-2017 16:09
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CRUDE OIL SURGING TO $50.25 | ||||
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sheerluck
Supreme |
19-Sep-2017 14:15
Yells: "Work for your money first then let your money work for you" |
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Now that FEG or their financiers or whoever who wants to push the noteholders to queue behind them has achieved their objective, the next known event to look out for is their FY results which mgmt already hint at full year losses. Estimated it will be about US$115mil losses. Others should have their own estimates. Some maybe still think it will be profitable (after mgmt say losses?!?!?!). Dont be surprise. Some people are like that. Still got more than a month to play before FEG enters its low usual liquidity phase. There should be some pockets of windows here and there till then for you to decide what you want to do with your holdings. Till then, what else can happen? For their FY, I will looking at substantial improvement in cashflow from operations (not from financing activities, ie more loans). The other item to look out will be any further payment of bank loan. If so, the noteholders should really bang head. Because this simple means there are indeed some money that can be used to repay debt but bank wants it all for themselves. These noteholders should have insisted on some partial repayments of their note in their agreement. Too late now.
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stockist75
Veteran |
19-Sep-2017 13:26
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you see. once danger call out for buy. it drop further down
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stockist75
Veteran |
19-Sep-2017 13:18
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the name danger already told you something. so once he cal oou to buy you better run
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