| Latest Forum Topics / Rex Intl Last:0.071 -- |
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Rex revival
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SAVIORFOREVER
Supreme |
06-Mar-2021 11:01
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Think Rex should walk instead of run.
Trade with caution no contra no short and DYODD |
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SAVIORFOREVER
Supreme |
06-Mar-2021 08:46
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What's your TP?
Trade with awareness and DYODD
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yoga123
Elite |
06-Mar-2021 01:48
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Perhaps UOBKH will release another new report and target price ? 
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yoga123
Elite |
06-Mar-2021 01:45
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Crude Oil Surges After OPEC Decision Rig Count Eyed (Mar 05, 2021 10:00AM ET) https://www.investing.com/news/commodities-news/crude-oil-surges-after-opec-decision-rig-count-eyed-2438665 Crude oil prices surged Friday, climbing to fresh one-year highs, after a group of top producers agreed not to increase supply in April, taking a cautious stance on the global economic recovery. By 10 AM ET (1500 GMT), U.S. crude futures traded 3% higher at $65.77 a barrel, rising above $65 for the first time since January 2020, while the international benchmark Brent contract rose 3.2% to $68.90, also at its highest level since the start of last year. U.S. Gasoline RBOB Futures were up 2.5% at $2.0484 a gallon, the first time above $2 since January 2019. These gains followed the decision of the Organization of Petroleum Exporting Countries and its allies including Russia, a grouping known as OPEC+, to extend its output curbs into April, only granting small exemptions to Russia and Kazakhstan. This move surprised a number of traders, particularly with Saudi Arabia agreeing to maintain its voluntary additional cut of 1 million barrels per day through April even after oil prices had rallied to over $60 a barrel from below $40, when it decided on the need to reduce global supply. Analysts at influential investment bank Goldman Sachs (NYSE:GS) responded to this decision by lifting its second-quarter and third-quarter forecasts for Brent by $5 each to $75 and $80 a barrel, respectively. &ldquo Although members discussed Covid demand risks, our takeaway from the press conference is that the discipline of shale producers is likely behind this slower increase in production,&rdquo the bank said in a note. The OPEC+ members appear to believe that U.S. oil production will struggle to respond to the higher price environment in the near term, particularly after the damage caused by the recent wintry snap. &ldquo If this is the attitude that OPEC+ are taking it does suggest that they believe they can push prices even higher, without the risk of losing market share,&rdquo said analysts at ING, in a research note. &ldquo And would not be surprised to see Brent testing US$70/bbl ahead of the next OPEC+ meeting&rdquo at the start of April. Ahead of that, focus will turn to the Baker Hughes&rsquo rig count data later Friday. The number of active rigs has picked up somewhat in recent months but remains nowhere near the level analysts say is necessary to generate a meaningful rise in output. |
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Barcalo
Master |
05-Mar-2021 23:36
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Purposely block at 177.
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nqing87
Supreme |
05-Mar-2021 23:30
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5mil barrels refer to the base 2p right? Just wondering.. if we take 8000 barrel per day production from just yumna 1, that's nearly 3mil barrels extracted already in 1 year.. with yumna 2 and 3 coming up which push the production to 30000 barrels per day, does that mean rex will extract finish the oil in less than 1 year? Just trying to get some due diligence done and hope someone can advise.. thanks!
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powermikeln
Veteran |
05-Mar-2021 21:59
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Yes, especially the last point mentioned..., it remains me that somewhere I read saying Rex is a potential takeover target. Would be interesting to see it happen in near future
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benjidog
Supreme |
05-Mar-2021 21:58
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think the analysts tpying new report let see them push towards above 30 cents |
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benjidog
Supreme |
05-Mar-2021 21:56
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wow...trending towards $70/barrels at faster then expected rate I tot end march...but seems mid March can see 70 that just means every barrel coimg out of Rex Oman oil wells = extra $10 from base of $60 many many millions
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benjidog
Supreme |
05-Mar-2021 21:52
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Rex Things to look out for : 1. Non cash dilutive financing announcement 2. Zakhera wildcat test flow results announceent 3. Brent oil prices for Mar-Apr-May 2021 4. 1st Q 2021 performance ? any update? 5. Dark horse - takeover news? |
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yamseng
Supreme |
05-Mar-2021 21:51
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oil future broke out again to new high huat the next week, hope to see 23 cents |
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benjidog
Supreme |
05-Mar-2021 21:48
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Especially Table 1 some of us like to play with maths question. all i know is based on this new summary report, the Yumma wells have more then 5millions barrels left this excludes Wildcat Zakhera cost of Production : $80000/day. what price sell at ? even if take low ballers price of $50/barrel (based on physical oil price = $15 dollar discount to market price) that is still many many million in net profits for Rex Oman, and after deduct taxes and profit share (Oman Ministry of Oil cut),
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Huatsweeswee
Master |
05-Mar-2021 20:37
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Share with us pls
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powermikeln
Veteran |
05-Mar-2021 20:32
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How Huat ha? Care to elaborate?
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guards80
Supreme |
05-Mar-2021 19:46
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This is about huat report😃
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Barcalo
Master |
05-Mar-2021 18:47
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What's that about?
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guards80
Supreme |
05-Mar-2021 18:24
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Rex Intl: General Announcement :: SUMMARY QUALIFIED PERSON'S REPORT | ||||
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Barcalo
Master |
05-Mar-2021 17:24
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What's the reasons for BB to block at 177?🤔 🤔
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Barcalo
Master |
05-Mar-2021 17:05
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Purposely block at 177.
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makdatok
Supreme |
05-Mar-2021 16:13
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Steady lah REX..wa caya lu | ||||
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