| Latest Forum Topics / KrisEnergy |
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Rex revival
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michaeltan
Master |
25-Jul-2017 23:00
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TigTig
Master |
25-Jul-2017 22:54
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Glanced thro the numbers, the fair value gain is due to debt restructuring and will be reversed in subsequent qtrs so there' s a negative impact later on.  I thought the chart looks pretty good, but I may be wrong.   The euphoria could come from the seemingly " good"   results in 1Q17.       I suspect how this stock performs is tied to future oil production and oil price. A weaker USD may hurt earnings.     The downside is that the Company has recorded negative gross margins for past qtrs and only made $1.4mln as pointed out, in 1Q17.   It seems the costs are quite high and business is barely sustainable, equity is dropping every year due to accumulated losses.  Gearing is also a mite high, and it' s having a weak working capital position. The chart swings is due to sentiment, the Company is weak in fundamentals, short term trading is fine.   |
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michaeltan
Master |
25-Jul-2017 22:15
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Your view is respected. However, I have just quick browsed thru the financial statements for the 1st Quarter reported in SGX. Based on the announcement for the 3 months ended 31st May 2017. The revenues from sales of crude oil and gas were only approximately 31million and gross profit was approximately 1.4millon only. Without net fair value gain on their financial instruments of which I think is not substantial to Keppel. Perhaps behind there is other reason that I don' t know for possible takeover. Cheers!  
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SgTrader17
Elite |
25-Jul-2017 21:22
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But, Kris Energy is money making this time round.
Oil price is stabilized. And if O&G is a long term business, which it shld be a long term business,, and withs Energy now only at 15cts instead of the previous $1.00, wouldn't you wan to takeover now at such steep discounts or wait till next time? It's a rare golden opportunity when price is low. Lol.
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michaeltan
Master |
25-Jul-2017 21:07
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Wait long long ... Keppel Offshore & Marine (KOM) recently reported loss money and right-sizing by closing down three yards in singapore, mothballing two overseas. Keppel CEO is more interested for the golden egg property division rather than marine sector that loss money. The take over of Kris Energy is unlikely.  
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SgTrader17
Elite |
25-Jul-2017 20:36
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Nowadays, sell eggs also can have takeover offer.
When will KepCorp takeover Kris Energy to be its own? IMAO. |
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shareluck
Veteran |
25-Jul-2017 18:31
Yells: "buy share also need some luck to win " |
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REX |
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SgTrader17
Elite |
25-Jul-2017 17:43
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Anyone has analysis on this one?
Seems this is gaining some grounds slowly, recent days. But still below 20cts. Last time, I remember that I bought this one at $1.00 |
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TraderBen
Supreme |
24-Jul-2017 09:40
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REX NAV 9.4 cents.. very under valued.. but the prob is no jobs for them.. | ||||
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genting^2
Master |
23-Jul-2017 16:04
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REX is making a come back too | ||||
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SgTrader17
Elite |
22-Jul-2017 21:10
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Oil down ...
Will contra players or shorties bring the share price down? |
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HB8289
Master |
22-Jul-2017 19:00
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加 Jiā 钱 Qiá n ! 减 Jiǎ n 油 Yó u
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Mandy1986
Veteran |
21-Jul-2017 18:30
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Enter the Warrant at 0.048/9..   hope to see some cash $$$$$ next week. Lol | ||||
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HB8289
Master |
21-Jul-2017 17:12
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Let see Next week if your predicition is correct  ![]()
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TeoMark
Veteran |
21-Jul-2017 15:41
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If close above .15 today. get ready for .172. Next week opec meeting. dun think will touch .20. Most likely will sell after the meeting. | ||||
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TraderBen
Supreme |
20-Jul-2017 16:27
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lao hong liao.. when will it be going back to 20 cents.. | ||||
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ifallgoeswell
Senior |
18-Jul-2017 09:52
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Oil and gas counters coming back into play! Well done kris! | ||||
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TraderBen
Supreme |
18-Jul-2017 09:36
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HALF the IPO price is good enough.. hehehehe | ||||
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sbscap
Master |
18-Jul-2017 09:26
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This coy is worth 20c at $45 oil and in this Sinky market, probably 16-18c. We are approaching this level soon. | ||||
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Siwomp
Supreme |
18-Jul-2017 09:19
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Price moving up despite weak oil price.....something good must be happening..............IMHO. | ||||
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