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granto Master	19-Aug-2016 15:02        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Singapore government tipped to aid struggling offshore sector:  http://splash247.com/singapore-government-tipped-aid-struggling-offshore-sector/
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granto Master	16-Aug-2016 14:48        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	SGX calls for greater transparency in wake of Swiber' s demise:  http://splash247.com/sgx-calls-greater-transparency-wake-swibers-demise/
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granto Master	12-Aug-2016 05:59        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Investors sought to save Swiber:  http://splash247.com/investors-sought-to-save-swiber/
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zillion Master	11-Aug-2016 17:43        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	The recent rebound in oil is just a dead cat bounce. One by one companies in O& G industry will close shop and the strongest and biggest will survive eg Keppel, SemMarine. Those companies providing services to that sector see slow/delayed payments too. From the bank' s prospective, banks have a much bigger worry. The Bond market is a trillion$ market with many refinancing going on. Besides O& G companies, you have the property developers' over reliance  for funds from the bonds market. The demand for property has slowed down and upcoming maturities of such bonds need refinancing. Will banks still lend support (raining time)? I bet the cooling measures will be taken off not because of saving our skins but saving our banks!
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pnuklis Master	11-Aug-2016 16:36        pnuklis About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is a fact that 10 million BPD shale oil coming has changed the equation for oil and will continue to haunt the prices and coupled with that the demand has fallen, Future for oil is tough specially the deep water stuff which costs 60 to break even. Shale producers are reducing costs and turn around time which are adding to problems. It is true that oil prospects look bleak. Having said that one little spark in the middle east could change the equation but it is difficult to say. This brings us to a question what happens to all those investments in those deep water Drillships built? When will they get back and start making money? Will it ever come back in the near future or it' s place will be replaced by Shale? With all these uncertinities it is better to stay out of O& G sector for some time to come. There will be more companies like Swiber will go bust! Which are those and when it is a big question of time? Interesting to see events sequence that led to Swiber' s self declared bust. If banks drag the feet to rescue then what choice Swiber directors had? Who will be the next is a million dollar question???????????
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zandlery Supreme	11-Aug-2016 16:20        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	here now......cannot blame shale oil....OPEC member is the one who flood more oil to the market. They the one who plunge the oil price so rapidly to phase out shale oil.... It just business strategy but in a nation wide scale......O&G are just collateral damage investshare      ( Date: 11-Aug-2016 15:07) Posted: I think one critical aspect is shale oil. While it cannot compete at current price, it will place a cap on oil price. For eg, if oil price below $40, they stop production. If oil price come to $60, they come back. This way, $100 oil price may never come back anymore.  risktaker      ( Date: 11-Aug-2016 15:01) Posted: U need to know these before u trade oil and gas sector... 1) Market is flooded with oil. 2) Slowing of global economy means lower demand. 3) Many baby boomers are now retired which means lower spending means lower demand. 4) Alternative energy such as solar, wind, nuclear are expanding rapidly. 5) If future of oil and gas sector is so good why would saudi even going to list their state oil corporation. (they are cashing out) This is the truth.... and only truth.... i am not a sales man i have nothing to sell to u... read my 5 points ....u will understand oil and gas industry doesnt look good.... There are many salesman out there and media trying to sell their ideas as it is their job... its ok ... sometimes u have to understand even when things are terrible... the mass media have to paint a rosy picture so that there are confidence in the economy.....so people will not stop hiring / spending Just be prepared....for the worst...if u understand my point....
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investshare Supreme	11-Aug-2016 15:07        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think one critical aspect is shale oil. While it cannot compete at current price, it will place a cap on oil price. For eg, if oil price below $40, they stop production. If oil price come to $60, they come back. This way, $100 oil price may never come back anymore.  risktaker      ( Date: 11-Aug-2016 15:01) Posted: U need to know these before u trade oil and gas sector... 1) Market is flooded with oil. 2) Slowing of global economy means lower demand. 3) Many baby boomers are now retired which means lower spending means lower demand. 4) Alternative energy such as solar, wind, nuclear are expanding rapidly. 5) If future of oil and gas sector is so good why would saudi even going to list their state oil corporation. (they are cashing out) This is the truth.... and only truth.... i am not a sales man i have nothing to sell to u... read my 5 points ....u will understand oil and gas industry doesnt look good.... There are many salesman out there and media trying to sell their ideas as it is their job... its ok ... sometimes u have to understand even when things are terrible... the mass media have to paint a rosy picture so that there are confidence in the economy.....so people will not stop hiring / spending Just be prepared....for the worst...if u understand my point....
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risktaker Supreme	11-Aug-2016 15:01        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	U need to know these before u trade oil and gas sector... 1) Market is flooded with oil. 2) Slowing of global economy means lower demand. 3) Many baby boomers are now retired which means lower spending means lower demand. 4) Alternative energy such as solar, wind, nuclear are expanding rapidly. 5) If future of oil and gas sector is so good why would saudi even going to list their state oil corporation. (they are cashing out) This is the truth.... and only truth.... i am not a sales man i have nothing to sell to u... read my 5 points ....u will understand oil and gas industry doesnt look good.... There are many salesman out there and media trying to sell their ideas as it is their job... its ok ... sometimes u have to understand even when things are terrible... the mass media have to paint a rosy picture so that there are confidence in the economy.....so people will not stop hiring / spending Just be prepared....for the worst...if u understand my point....
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granto Master	11-Aug-2016 14:51        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Swiber fallout continues to dominate Singapore offshore markets
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zandlery Supreme	11-Aug-2016 14:27        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	no one expect the oil downturn to be so bad.......it obviously the oil price were purposely driven down.... because normally even if the oil price will decline...it shouldn't be so fast n furious over the pass two years......so I guess most company never anticipate 30usd...their contingency might be to tackle price around 60usd......around half of the peak price....
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zandlery Supreme	11-Aug-2016 14:21        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	if there are possible of contingency plan...... so many O&G company will not declare bankrupt.....haha....anyway most offshore company have high leverage...... only becos Swiber give up and all the focus on them......most offshore company registered in singapore similar showing red flag.......just they able to let the debt roll.......the surviving one does not mean they are good...in long run....their value might goes to nothing at the expense of investor....
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Wisely Senior	11-Aug-2016 14:08        Wisely About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Oil rout started a year plus earlier. If there's no contingency plan, then mgt is very poor. By using debt to service business is even lagi worst, this shows the company got no $$ in hand. zandlery      ( Date: 11-Aug-2016 13:54) Posted: haha....different prospective when in different position...... if I'm in their management level....I might do the same thing too.....think most ppl like me will not be a saint.....not greedy of cos as a shareholder don't like to see this kind of things in their view FATABA      ( Date: 11-Aug-2016 13:42) Posted: If one of the reported input here is correct....then the mgt pay of the last 2 years is somethign shareholders want to question? Certainly a prudent mgt would have keep cash and know how to sail over the bad times...instead of spending on their pay and continue issuing bonds and taking loan.
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zandlery Supreme	11-Aug-2016 13:54        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	haha....different prospective when in different position...... if I'm in their management level....I might do the same thing too.....think most ppl like me will not be a saint.....not greedy of cos as a shareholder don't like to see this kind of things in their view FATABA      ( Date: 11-Aug-2016 13:42) Posted: If one of the reported input here is correct....then the mgt pay of the last 2 years is somethign shareholders want to question? Certainly a prudent mgt would have keep cash and know how to sail over the bad times...instead of spending on their pay and continue issuing bonds and taking loan. zandlery      ( Date: 11-Aug-2016 13:37) Posted: to be fair.....the company downfall cannot blame the management entirely......at current market..... all O&G company struggling.......only Swiber is the first one in singapore.......many well known offshore company alrd declare bankrupt or sold their assets way before Swiber saga
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hardwired Senior	11-Aug-2016 13:51        hardwired About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Point taken that he only sold 0.67% of his holdings. If I was in his position, I wonder if I would have sold more. I guess I rushed to judgement a little too quickly. zandlery      ( Date: 11-Aug-2016 13:32) Posted: according to article.....he still have few millions stuck in there....... hardwired      ( Date: 11-Aug-2016 13:05) Posted: Please read this article: http://www.businesstimes.com.sg/companies-markets/pacific-radiance-chairman-had-pared-stake-in-swiber-before-the-debacle-started Pretty disgusting.
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Wisely Senior	11-Aug-2016 13:49        Wisely About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	One word Greed FATABA      ( Date: 11-Aug-2016 13:42) Posted: If one of the reported input here is correct....then the mgt pay of the last 2 years is somethign shareholders want to question? Certainly a prudent mgt would have keep cash and know how to sail over the bad times...instead of spending on their pay and continue issuing bonds and taking loan. zandlery      ( Date: 11-Aug-2016 13:37) Posted: to be fair.....the company downfall cannot blame the management entirely......at current market..... all O&G company struggling.......only Swiber is the first one in singapore.......many well known offshore company alrd declare bankrupt or sold their assets way before Swiber saga
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FATABA Supreme	11-Aug-2016 13:42        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	If one of the reported input here is correct....then the mgt pay of the last 2 years is somethign shareholders want to question? Certainly a prudent mgt would have keep cash and know how to sail over the bad times...instead of spending on their pay and continue issuing bonds and taking loan. zandlery      ( Date: 11-Aug-2016 13:37) Posted: to be fair.....the company downfall cannot blame the management entirely......at current market..... all O&G company struggling.......only Swiber is the first one in singapore.......many well known offshore company alrd declare bankrupt or sold their assets way before Swiber saga dragonboy76      ( Date: 09-Aug-2016 17:02) Posted: the problem is there is no chance to get more $$ back from them. they are already out of cash and they are not making profit on their projects. where to make profit from project to pay off their debt? there are only more and more debtors coming to Swiber everyday to demand payment. i don' t see them any hope of recovering from this.  it is the management that brings the fall of Swiber. i don' t trust them at all to be able to steer this sunken ship to safety. now DBS most likely has to fork out even more $$ to help Swiber to stay afloat which is definitely no good for the shareholder.
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zandlery Supreme	11-Aug-2016 13:37        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	to be fair.....the company downfall cannot blame the management entirely......at current market..... all O&G company struggling.......only Swiber is the first one in singapore.......many well known offshore company alrd declare bankrupt or sold their assets way before Swiber saga dragonboy76      ( Date: 09-Aug-2016 17:02) Posted: the problem is there is no chance to get more $$ back from them. they are already out of cash and they are not making profit on their projects. where to make profit from project to pay off their debt? there are only more and more debtors coming to Swiber everyday to demand payment. i don' t see them any hope of recovering from this.  it is the management that brings the fall of Swiber. i don' t trust them at all to be able to steer this sunken ship to safety. now DBS most likely has to fork out even more $$ to help Swiber to stay afloat which is definitely no good for the shareholder. zandlery      ( Date: 09-Aug-2016 12:52) Posted: if u are DBS are u going to just write off few hundred millions of dollars? of cos want to get more than half back if there are chance.....
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zandlery Supreme	11-Aug-2016 13:32        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	according to article.....he still have few millions stuck in there....... hardwired      ( Date: 11-Aug-2016 13:05) Posted: Please read this article: http://www.businesstimes.com.sg/companies-markets/pacific-radiance-chairman-had-pared-stake-in-swiber-before-the-debacle-started Pretty disgusting.
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FATABA Supreme	11-Aug-2016 13:21        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I cant copy and paste here for all to read your attachment .....this is really NOT fair....P Radiance has business w Swiber....certainly they know the situation of Swiber better . and all sales are done before the filng of Swiber. Has SGX check if other family members also make sale of Swiber shares ?   hardwired      ( Date: 11-Aug-2016 13:05) Posted: Please read this article: http://www.businesstimes.com.sg/companies-markets/pacific-radiance-chairman-had-pared-stake-in-swiber-before-the-debacle-started Pretty disgusting.
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hardwired Senior	11-Aug-2016 13:05        hardwired About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Please read this article: http://www.businesstimes.com.sg/companies-markets/pacific-radiance-chairman-had-pared-stake-in-swiber-before-the-debacle-started Pretty disgusting.
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