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Rex Intl
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Rex revival
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makdatok
Supreme |
08-Jan-2021 10:49
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Heh heh heh..lai looooo | ||||
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SAVIORFOREVER
Supreme |
08-Jan-2021 09:57
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Pledging for loans instead of selling off at current oil price is more viable if oil can hit 60 and above.
Trade with caution and
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benjidog
Supreme |
08-Jan-2021 09:41
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Rex to dig more wells is par for course. actually, to have 3 wells was the plan a long time ago....i recall rex got say this, you can check the wells infrastructure is not so much as collateral but more for $$$ more wells = more oil produced = cash flow = recurrent $$$ = ability to finance wildcat now, oil price is slowly going up....for Rex to dig now is good and correct...seize the opportunity and before equipment and labour costs increase
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SAVIORFOREVER
Supreme |
08-Jan-2021 09:29
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A thought just came into mind.
Rex add wells to produce more oil for loan pledging? Trade with ? and caution and DYODD |
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benjidog
Supreme |
08-Jan-2021 09:24
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will there be surprise buy up? return of the BB ? |
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SAVIORFOREVER
Supreme |
08-Jan-2021 09:16
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Rex until now haven't find new oil reserves to sustain for at least ten years.
Need to spend more money for exploration and drilling. Full year results should be a net loss. Will know end of next month. Will current price hold? Trade with prospects and DYODD |
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SAVIORFOREVER
Supreme |
08-Jan-2021 08:54
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Bid Bid Vol(K) Ask Ask Vol(K)
0.156 330 0.156 236.9 0.155 490 0.157 1,398 0.154 650 0.158 2,760 0.153 410 0.159 1,891 0.151 245 0.160 2,104 0.150 230 0.161 2,455 0.149 100 0.162 2,515.4 0.148 150 0.163 570 Trade with awareness and DYODD |
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makdatok
Supreme |
08-Jan-2021 08:28
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Oil.price being pump up in Asia session :)) | ||||
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yoga123
Elite |
08-Jan-2021 01:39
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Yeah bro, mine bought at 0.175 since Aug 2019, hence I am still doing my yoga while waiting patiently for Rex to climb above and beyond. 
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yoga123
Elite |
08-Jan-2021 01:34
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Oil Prices Push Higher on Stimulus Hopes, Support from Saudi Cut (Jan 07, 2021 11:27AM ET) https://www.investing.com/news/commodities-news/oil-prices-push-higher-on-stimulus-hopes-support-from-saudi-cut-2382192 Investing.com -- Crude oil prices pushed higher on Thursday, with the fundamental support from Saudi Arabia' s production cut bolstered by the wholesale enthusiasm for risk assets in the wake of the runoff elections that will put the U.S. Senate under the effective control of the Democratic Party. By 11:25 AM ET (1625 GMT), U.S. crude futures were up 0.7% at $50.98, while Brent crude futures, the global benchmark, were up 0.4% at $54.65, closing in on an 11-month high. U.S. Gasoline RBOB Futures also rose 0.4% to their highest since last February, at $1.4815 a gallon. Consensus wisdom has it that President-elect Joe Biden will have an easier job of pushing through his cabinet picks and his budget policy with a unified Democratic Congress. Chuck Schumer, who is set to take over as Senate Leader from Mitch McConnell, noted on Wednesday that one of the party' s first priorities will be to raise the direct stimulus payments to households foreseen in the latest stimulus package, from $600 to $2,000. The hope is that those funds will underpin economic activity and, as far as the oil market is concerned, U.S. demand. That has held up better than expected in recent weeks, with industrial activity consistently running ahead of expectations even as services activity has slowed due to the surge in Covid-19 cases. Data from the U.S. government on Wednesday showed that U.S. crude inventories fell by over 8 million barrels last week, an impressive number, even after accounting for the traditional volatility in stockpiles around the new year. The figures were notable for the complete lack of U.S. imports from Saudi Arabia, something that has happened in over 35 years. After announcing a surprise cut of 1 million barrels a day for its output for February and March, Saudi Arabia sent another strong signal to the market on Wednesday by sharply raising its official selling prices for those months. Analysts at Rystad Energy noted that the step would be enough to put the physical market back into deficit in the first quarter of this year, when many had started to expect surpluses due to a fresh shortfall in demand arising from Covid-19-stricken economies in Europe and elsewhere. |
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SAVIORFOREVER
Supreme |
07-Jan-2021 18:41
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Then how to reach 16 without BBs? Count on kind retailers.
Trade with expectation and DYODD
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iluvgambling
Master |
07-Jan-2021 16:15
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is this a joke ? you mean push up for stuckist to sell is it ? lol
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newbie19
Supreme |
07-Jan-2021 14:51
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newbie19
Supreme |
07-Jan-2021 14:07
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benjidog
Supreme |
07-Jan-2021 14:07
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Oil prices looking at WTI 51 and Brent almost 55 (at this moment) likely to go higher with Democrats win (note, weaker US Dollar = higher oil price)
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benjidog
Supreme |
07-Jan-2021 13:58
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Some of our friends here have bot Rex at 18 or 19 levels have remained stuck there. I feel sorry for you that kanna made fun of by the idiots who get some cheap thrill from making fun of these friends. those who got out at the 20/20.5 to 21 levels, good for you...but there were some who stayed long for the mythical 30cents levels. Covid put a definite stop to those dreams (past Dec 2019). For those who must ask, yes...I am lucky that my holding average is lower then current price. Those who want to average down their Rex holding prices, please consider to do so at various price points. DYODD The way forward is still uncertain but better then early days of Covid, with no vaccine in sight, US President unclear. it will take longer (at least into 2nd half 2021) and August /Sept 2021 before the cloud of Covid and political uncertainty clears up somewhat....so hunker down as it will be a long wait. Until at least 30% of the world major economies have vaccinated their populations and air travel has recovered to maybe 30-40% of pre-covid levels, many sectors have long road to survive, don' t talk about recover. Right now, it is all the stimulus $$$ that is propping up the world, the latest being the USA aid package for their economy. watch for news on the different new covid strains and how the various governments react. |
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benjidog
Supreme |
07-Jan-2021 13:36
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Those of you who recalled that I said previously that it is ok to collect Rex at different price points below or at 145.... congrats to you. Hoping for Biden to and Democrats to get into power soon, so that they can push their clean energy policies and drive up oil prices. I say : Before solar and renewables can take over energy needs, oil prices have to be higher. otherwise if oil and gas is cheap, renewables do not make economic sense. so high and higher oil prices will be the reality before renewables make sense. go figure that |
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benjidog
Supreme |
07-Jan-2021 13:30
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https://www.offshore-technology.com/features/joe-biden-is-president-elect-what-now-for-us-oil-and-gas/ Above link is what Biden could mean for USA oil and gas FYI |
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benjidog
Supreme |
07-Jan-2021 13:27
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thanks to aircooled who provided update of oil lifting from oil well to oil tanker....so Dec' s production has been offloaded = $$$ for Rex (should be at or above USD$45/barrel) keeping fingers crossed for oil find in Rex Oman wildcat exploration dig....that is the one to look out for!!! and for other 2 wells to spud. |
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benjidog
Supreme |
07-Jan-2021 13:23
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Meanwhile, in the U S of A, it looks liike Democrats have taken it ALL ! Democrats look likely to take the Presidency, Congress as well as the Senate....making it one party rule ! wow.... so what it means? It means that if Biden wants to pass Clean Energy policies, it can do so, with less opposition from Republicians. it means that US oil companies will have higher breakeven prices, and less fracking permits, higher taxes. I hope a Biden administration and Democrat powered congress and Senate, will lead to higher oil prices, which eventually leads to higher prices for Rex oil sales and higher Rex stock price. its is all a long shot....but the signs are all there. From a long time, I said look out for 5 Jan (congress confrmation of President-elect), then 21 Jan (inauguration of new USA President), then see what new President does in terms of Covid management, economic recovery and energy policies. Feb is Rex results FY 2020, which I expect small loss. This should be acceptable given Covid situation and lower oil prices in 2020. Looking ahead for 2021 and forecasted higher oil prices, Rex stock price will ride the commodity wave upwards. |
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