| Latest Forum Topics / KrisEnergy |
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KrisEnergy
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SgTrader17
Elite |
20-Aug-2017 03:06
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Those who grabbed when it dropped on Friday to 10cts, somehow got it at the right time, right price.
Oil rebounded on Friday night, 3% jump, and reports of US oil tightness shown. If Oil price breaks $50 again and continue to go up, can Kris Energy rises back above the previous price of 15cts? When it surge, the jump could be fast. Let's see the weeks ahead. |
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kusje58
Member |
18-Aug-2017 17:40
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If share price drops to zero, that will usually be because whatever Kris owes (debts) will be more than whatever assets she has. The rigs, wells and license will still be around and worth something (actually rigs will likely be owned by the contractor and nor kris) but this value will not cover whatever loans the banks have made to the company. When the bank cannot get back their $$$, they will liquidate the company forcing the company to sell the assets so in the end, kris will be left with nothing.
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Observers
Elite |
18-Aug-2017 16:58
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I no understand. Even if the share price drop to zero, how does Keppel lose all its investment? Balance sheet audit-wise maybe have to impair to zero but that numerical doesnt mean the physical business also disappear into a blackhole tio boh? The wells, rigs and licence all still there ma.
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SgYuan
Supreme |
18-Aug-2017 16:23
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Ya u are right. 903am, 1min only.
But if u use 1m chart, it is possible. 1m chart, macd cross up at 910am, px 103. Macd cross dn at 1022am, Px 110, sell
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andysim83
Elite |
18-Aug-2017 14:35
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lol happen too fast already...didnt expect to drop fast n rise back so fast
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TraderBen
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18-Aug-2017 14:31
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i jus hope it doesnt fall any lower.. maintain this price and wait for oil price to go up.. lol
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SgYuan
Supreme |
18-Aug-2017 14:23
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This stock hit near month low and rebound fiercely.
Didn't see this coming. Wasted. |
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lennon1986
Member |
18-Aug-2017 14:22
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Did anyone went to  KrisEnergy' s Investor Forum? Did they mentioned anything? | ||||
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TraderBen
Supreme |
18-Aug-2017 09:38
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keppel has been supportive of its rights issuing prog.. i think keppel can just take the company pte at this low price rather than lose all its investments right?
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Tommy12356
Master |
18-Aug-2017 00:02
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50% possible
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sheerluck
Supreme |
17-Aug-2017 19:38
Yells: "Work for your money first then let your money work for you" |
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They are not making enough to cover their operation and capex at 50. Below 50 worse.
Their most vested wassana field production is declining at an alarming rate. This one will only be fixed by next year. Their nong Yao field should see improved production but their stake in this is smaller. At 50, I think kris can dong for some time but not survive.
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Wind22i
Supreme |
17-Aug-2017 18:53
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Will this follow ezra, nc and ezion soon? The outlook is bleak..
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TraderBen
Supreme |
17-Aug-2017 12:20
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that is the reason why they are pumping and not making money?
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sheerluck
Supreme |
17-Aug-2017 11:40
Yells: "Work for your money first then let your money work for you" |
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You need to look beyond the current results.
KRIS has pumped in loads of money to develope their oil field during periods when oil prices are high. They only started production and selling when oil price collapsed. They also have oil fields still under development and near production (near for E &P is not next month kind of time frame) which they have already sunk in huge capex. They have to continue if not they have to write off them but with farm out to reduce their capex. Can see KRIS is trying their best to help do manage their cashflow which is the main life/death determinant. Keppel willingness to lend support is definitely a big boost to KRIS investors confidence. But th market is bigger and more ppwerful than Keppel. I remember KRIS did some sensitivity analysis using oil price ranging from US$50 to US$80 but cannot retrieve that info liao. Oil current trade around theown range of that test so it. Judging from market reaction to KRIS price when oil price goes below US $50, going below US$50 may means KRIS survival will be greatly challenged. US $65 may be where KRIS can turn free cashflow positive and 65-80, all KRIS investors open champagne!!!!
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johnncheng81
Veteran |
17-Aug-2017 11:31
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Bulls eye, as long as shale oil is around, oil will never recover. Oil price has faced a permanent paradigm shift...cutting supply will not raise the price for long..the only possible solution is that demand grows exponentially for some reasons. Mind you i dont think US has started to export shale oil yet
..imagine if they do that...
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sbscap
Master |
17-Aug-2017 11:16
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First Reserve is a global PE firm and PE firms always have exit strategies, i.e. they are naturally sellers after getting in. Hence, I' m won' t read too much on their selling. It is Keppel that I' m worried - why isn' t Keppel adding? Looking at the latest results, I think the market is wrong to sell it down. This isn' t another Ezion or Noble although the gearing part is similarly high.
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michaeltan
Master |
17-Aug-2017 08:56
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The prolong of oil price crisis will see more casualties. The main reason of declining oil price is because America has produced  " Shale Oil" from rock fragments by pyrolysis, hydrogenation or thermal dissolution.  The costs is much lower  compared with conventional offshore  drilling. America is a largest shale oil producer. The country  uses to import petroleum and now become a net exporter of refined petroleum.
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Wind22i
Supreme |
17-Aug-2017 08:16
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Next to go after ezra , nc, ezion etc ? | ||||
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Observers
Elite |
17-Aug-2017 07:26
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Jialat. Even First Reserve also start selling their shares.  | ||||
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shadow
Veteran |
15-Aug-2017 19:33
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only event can trigger a big oil spike - Venezuela crisis !  
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