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KrisEnergy
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Mandy1986
Veteran |
25-Jan-2017 01:34
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Maybe half a day rally, on the half day trading on CNY Eve... lol
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Lucky03
Elite |
24-Jan-2017 23:16
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Crude oil trading range bound of US$52-$55 will be good enough. That's already double of the lowest point of US$26. If you have been monitoring the volatility of crude oil prices, you will have noticed it is not always moving in a rational way within a day.
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alishan
Senior |
24-Jan-2017 21:06
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Some of you may not like this report, but at this moment TA for oil doesn' t look good. http://www.marketoracle.co.uk/Article57900.html |
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Lucky03
Elite |
24-Jan-2017 20:17
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Singapore market has not had a respectable CNY Rally for many many years.... Will the Year of the Rooster wakes up the market ??? 金 鸡 报 喜 ！ | ||||
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Lucky03
Elite |
24-Jan-2017 01:17
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The technical chart is looking more promising. Its daily MA is cutting above its 10d MA supported by the 20d MA that continues to chart upwards. The rest of the MA including the 200d MA are continuing the up trend or beginning to turn around. Awaiting the breakout of the Bollinger Bands to the upside at 0.21.
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rogeryap
Member |
23-Jan-2017 19:41
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Ok la wait one yr if got 50% return not bad lol
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moron101
Supreme |
23-Jan-2017 18:32
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Full year results should be improved as both oil price & its production volumes have been increasing very much for the year.
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guards80
Supreme |
23-Jan-2017 16:33
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KrisEnergy: Financial Statements and Related Announcement :: Full Yearly Resultshttp://repository.shareinvestor.com/rpt_view.pl/id/673069.1/type/sgxnet/original_filename/1 |
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Lucky03
Elite |
23-Jan-2017 15:55
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Can clear
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rogeryap
Member |
23-Jan-2017 15:51
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Roadblock at .198 | ||||
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Lucky03
Elite |
23-Jan-2017 00:56
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Sun Jan 22, 2017 | 10:10 AM EST
Ministers laud strong start to OPEC, non-OPEC oil output cuts By Rania El Gamal and Vladimir Soldatkin | VIENNA (Reuters) - OPEC and non-OPEC countries have made a strong start to lowering their oil output under the first such pact in more than a decade, energy ministers said on Sunday as producers look to reduce oversupply and support prices. "The deal is a success ...All the countries are sticking to the deal ...(the) results are above expectations," Russian Energy Minister Alexander Novak said after the first meeting of a committee set up to monitor the deal. Ministers said 1.5 million of almost 1.8 million barrels per day (bpd) had been taken out of the market already. Countries involved in the deal could reduce their output by 1.7 million bpd by the end of the month, Interfax news agency quoted Novak as saying. Eleven of OPEC's 13 members along with 11 non-OPEC countries have agreed to make cuts for the first half of the year. OPEC members Nigeria and Libya, both suffering setbacks in production, were given exemptions. "The Kingdom [of Saudi Arabia] has taken the initiative and other countries took part in very significant actions," Saudi Energy Minister Khalid al-Falih told reporters following the meeting. "Despite demand usually being lower in the first quarter in winter, the actions taken by the Kingdom and many other countries has impacted the market in a tangible way and we have seen the impact in spot prices," al-Falih said. Brent oil prices LCOc1 that fell to $27.10 a barrel a year ago have held above $50 per barrel since OPEC producers agreed on Dec. 10 to lower output in the first half of 2017. The cuts are aimed at reducing a global glut in oil that has weighed on oil prices for more than two years. Falih said implementation of agreed cuts had been "fantastic" and he hoped for 100 percent compliance in February. "We will not accept anything less than 100 percent compliance," Kuwaiti oil minister Essam Al-Marzouq, who chairs the five-member ministerial compliance committee, told a news conference. The other members of the committee represent Algeria, Venezuela, Russia and Oman. Venezuela has achieved more than half of its planned 95,000 bpd cut, Oil Minister Nelson Martinez told reporters. SHRINKING INVENTORIES Full compliance could take global oil inventories back close to their five-year average by mid-2017, lowering oil in storage by around 300 million barrels, Falih said. "[There are] no surprises so far in terms of demand or supply from other sources so there is no reason for us to suddenly come in January and say we need a bigger reduction or a longer period," he said. Saudi Arabia is producing slightly below 10 million bpd and has informed buyers of substantial cuts scheduled for next month, he said. Russia has cut its oil output by around 100,000 bpd, Novak said, double what was originally planned. He said Russian oil production had averaged around 11.15 million bpd this month. He told reporters it was too early to talk about extending the current deal beyond the planned six months but that remained an option. "Everyone sees that the agreements on oil production cuts have already have a positive effect on oil markets. The market has become more stable and predictable," Novak said. NEXT MEETING On Sunday it was agreed that a technical joint committee (JTC) would be created comprising a representative for each of the five members of the monitoring committee and as well as the OPEC presidency, which is currently held by Saudi Arabia. The JTC will cooperate with the OPEC Secretariat in compiling production data which will be presented to the ministerial monitoring committee by the 17th of every month, OPEC said in a news release. The monitoring committee will communicate after the 17th of every month and plans two meetings ahead of the next ordinary OPEC meeting in Vienna on May 25. The next meeting in March is set for Kuwait. SHALE IMPACT Ministers were also keen to highlight that any increase in high-cost U.S. shale oil production as a result of rising oil prices would be absorbed by rising demand. "We are not worried that production in the U.S. is increasing as prices go up because I think this will be absorbed by an increase in demand," Al-Marzouq said. Qatari Energy Minister Mohammed Al-Sada said with increasing demand "shale oil will all be catered for". Russia's Novak also said he was not worried about higher oil output in the United States. (Writing by Ahmad Ghaddar in London editing by Jason Neely) |
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Lucky03
Elite |
22-Jan-2017 22:25
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Sun Jan 22, 2017 | 7:47 AM EST
Ministers positive on OPEC, non-OPEC oil output cuts December 10, 2016. REUTERS/HEINZ-PETER BADER By Rania El Gamal and Vladimir Soldatkin | VIENNA (Reuters) - Energy ministers from OPEC and non-OPEC countries meeting in Vienna on Sunday have struck a positive note regarding their agreement to cut oil output as a committee set to monitor compliance with the deal meets for the first time. "I am satisfied, I am optimistic and, as I said, the markets are on their way to rebalance and it's happening," Saudi energy minister Khalid al-Falih said. Compliance with the agreement, which calls for cuts to begin this month, had been "fantastic", he said. Kuwaiti oil minister Essam Al-Marzouq, who chairs the five-member compliance committee, said it would examine how to best monitor compliance and what level of compliance would be acceptable. The other members of the committee represent Algeria, Venezuela, Russia and Oman. A deal reached on Dec. 10 between members of the Organization of the Petroleum Exporting Countries and non-OPEC producers marked the first such pact since 2001. Under it, producers will lower output by nearly 1.8 million barrels per day (bpd) aiming to ease a global glut that has weighed on oil prices for more than two years. "Usually non-OPEC would raise their production to compensate for voluntary cuts by OPEC. Now, we are seeing voluntary cuts by both sides," Fail said. Some 1.5 million bpd in crude production had already been taken out of the market, he said last week. "The other 300,000 bpd, for all I know, is still happening," Falih said on Sunday, adding he hoped for 100 percent compliance in February. Venezuela has achieved more than half of its planned 95,000 bpd cut, Oil Minister Nelson Martinez told reporters. Full compliance could take global oil inventories back close to their five-year average by mid-2017, lowering oil in storage by around 300 million barrels, Falih said. "[There are] no surprises so far in terms of demand or supply from other sources so there is no reason for us to suddenly come in January and say we need a bigger reduction or a longer period," he said. Saudi Arabia is producing slightly below 10 million bpd and has informed buyers of Saudi crude of substantial cuts scheduled for next month, he said. Russian Energy Minister Alexander Novak on Sunday also said he was satisfied with the level of compliance shown. Russia has cut its oil output by around 100,000 bpd, Novak told Russia's TASS news agency. Novak added Russian oil production has averaged around 11.15 million bpd this month. [nL5N1FC092] In his opening speech to the Vienna meeting, Novak said many countries had lowered their oil output by more than they had agreed to. He said Russia was lowering its production ahead of schedule. He told reporters that oil output cuts had been positive for markets, adding it was too early to talk about extending the output-reduction deal beyond the planned six months but that remained an option. "Every one sees that the agreements on oil production cuts have already have a positive effect on oil markets. The market has become more stable and predictable." (Writing by Ahmad Ghaddar in London editing by Jason Neely) |
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rogeryap
Member |
22-Jan-2017 20:59
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Can c so far meh
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Lucky03
Elite |
22-Jan-2017 00:09
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Seems basing on technical chart analysis.
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rogeryap
Member |
21-Jan-2017 23:16
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Wondering what's the catalyst this donavan see tat can bring KrisEnergy price to $1? Anyone has any idea?
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Mandy1986
Veteran |
21-Jan-2017 19:59
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And it' s very usual that the course of this two weeks, there will be play up as well as suppression of price down (as seen on Thursday/Friday). As always the case, price suppression will happen before a great leap into the 0.225 before news.. then it should be a sell on news for contra trader. The next 10 days will be a interesting one.
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Lucky03
Elite |
21-Jan-2017 19:39
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Or if the Cambodian license is confirmed within 2 weeks so anytime now according to the report dated 29 Dec 2016. KrisEnergy will be able to immediately enter into production and generate positive cash flow.
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Mandy1986
Veteran |
21-Jan-2017 18:11
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To see 30 cents, I think the Brent quoted price should be around $64. This Kris is one of my favorite counters and had been trading along with it since 0.095...
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moron101
Supreme |
21-Jan-2017 14:31
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Likely to reach 30c if US crude can recover above $55.
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rogeryap
Member |
21-Jan-2017 14:03
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0.31, 0.6, $1???
Wa if really can go $1 I buy more now lei! Lol
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