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Sembmarine
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jacktan77
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10-Feb-2016 09:28
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I wonder how about the 3 jackup rigs sitting in yard going to do about it. Will have to query during AGM. Supposing to collect last year. The three rigs -- Vastus, Supremus, and Animus -- were due to be delivered in June, August, and October of 2015. Anyone knew, how? |
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jacktan77
Member |
10-Feb-2016 09:22
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Mexican oil services provider Oro Negro Drilling Pte Ltd. defaulted on a second overseas bond after a fall in global oil prices triggered cuts in rates paid by its biggest client, state-owned oil company Petroleos Mexicanos. Oro Negro failed to make an interest payment Jan. 24 on $677 million of bonds due 2019, documents posted online by Nordic Trustee show. In October, the company defaulted on bonds due in 2015 as a glut of available oil rigs pushed down leasing price Oro Negro Defaults on Second Overseas Bond, Nordic Trustee Says |
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BreadPitt
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08-Feb-2016 10:23
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This Wednesday when market opens, we will see traditional 新 春 小 涨 潮 bull market. | ||||
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victortan
Elite |
08-Feb-2016 01:29
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i think oil is bottom but if oil shd got o20$, i think 0.6 also possible. if really happen i will stick out my neck to buy some. nw not vested yet. trade only,
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pnuklis
Master |
08-Feb-2016 01:24
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to go below one dollar soon when oil hits below 30. |
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spore1
Supreme |
07-Feb-2016 16:45
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SembMarine is in a consolidaton pattern. It may be good to stay sideline. http://sporeshare.blog spot.sg/2016/02/sembmarine.html |
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alan5793
Veteran |
07-Feb-2016 16:25
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O & G co. All in deep trouble soon..Oil Plunge Sparks Bankruptcy ConcernsCrude&rsquo s plunge to near $30 a barrel fans worries that it could sink a third of U.S. oil producersBy BRADLEY OLSON and ERIN AILWORTH
Crude-oil prices plunged more than 5% on Monday to trade near $30 a barrel, making the specter of bankruptcy ever more likely for a significant chunk of the U.S. oil industry. Three major investment banks&mdash Morgan Stanley, Goldman Sachs Group Inc. and Citigroup Inc.&mdash now expect the price of oil to crash through the $30 threshold and into $20 territory in short order as a result of China&rsquo s slowdown, the U.S. dollar&rsquo s appreciation and the fact that drillers from Houston to Riyadh won&rsquo t quit pumping despite the oil glut. As many as a third of American oil-and-gas producers could tip toward bankruptcy and restructuring by mid-2017, according to Wolfe Research. Survival, for some, would be possible if oil rebounded to at least $50, according to analysts. The benchmark price of U.S. crude settled at $31.41 a barrel, setting a 12-year low. More than 30 small companies that collectively owe in excess of $13 billion have already filed for bankruptcy protection so far during this downturn, according to law firm Haynes & Boone. Morgan Stanley issued a report this week describing an environment &ldquo worse than 1986&rdquo for energy prices and producers, referring to the last big oil bust that lasted for years. The current downturn is now deeper and longer than each of the five oil price crashes since 1970, said Martijn Rats, an analyst at the bank.
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BreadPitt
Member |
07-Feb-2016 10:32
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Do you think Sembmarine will give $30 dividend Ang Pow this Feb instead of the usual $80? 
S20 also can but no right issue please............ 
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ecekca
Elite |
06-Feb-2016 20:56
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i agreed 2008 not really rig cancellation , more on macro risk 2015-2016, it due to rig cancellatio which is company specific risk
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halleluyah
Supreme |
06-Feb-2016 17:24
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Bro, lu kong simi ??
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alan5793
Veteran |
06-Feb-2016 15:19
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Too Late To Run.花 旗 时 钟 欧 美 市 场 距 离 崩 溃 仅 一 步 之 遥花 旗 上 月 最 新 报 告 显 示 ， 无 论 美 国 还 是 欧 元 区 ， 都 已 经 进 入 到 &ldquo 花 旗 时 钟 &rdquo 的 第 四 阶 段 。 这 一 阶 段 被 视 为 &ldquo 崩 溃 时 钟 &mdash &mdash 信 贷 和 股 市 都 呈 现 衰 退 型 下 降 趋 势 。 按 照 花 旗 策 略 分 析 师 Robert Buckland的 说 法 ， &ldquo 花 旗 时 钟 &rdquo 可 以 分 为 四 个 阶 段 。 第 一 阶 段 是 衰 退 的 终 结 。 随 着 利 率 的 下 滑 ， 信 贷 开 始 复 苏 ， 但 是 股 市 依 然 承 压 。 第 二 阶 段 则 可 以 视 为 牛 市 阶 段 ， 信 贷 和 股 市 都 表 现 强 劲 。 第 三 阶 段 中 ， 虽 然 股 市 依 然 高 歌 猛 进 ， 但 是 信 贷 扩 张 却 在 收 窄 。 这 一 阶 段 很 容 易 见 到 泡 沫 的 出 现 。 在 第 四 阶 段 ， 由 于 信 贷 收 缩 ， 股 市 也 最 终 出 现 崩 盘 ， 最 终 导 致 衰 退 出 现 。 通 常 来 说 ， 企 业 盈 利 大 幅 下 滑 和 资 产 负 债 表 恶 化 是 该 阶 段 后 比 较 明 显 的 特 征 。
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famouspinky
Supreme |
03-Feb-2016 19:43
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2008 and Now? Big big difference
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ozone2002
Supreme |
03-Feb-2016 19:33
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When the 2008 financial crisis struck, kep land was like sliding everyday, and some forummers panicked, painting gloomy target prices like its the end of the world. Kep land hit $1 low, and I encourage forummers to buy, to be greedy when others are fearful, of course I had to withstand a barrage of criticism but I let the price do the talking and true enough kep land recovered. Same story is happening with Oil related counters, Semb mar trading close to its NAV due to fears of order cancellations and low oil prices. Everything moves in a cycle, big companies that have not over leverage will have the financial muscle to get through this low oil prices, and you and I know oil prices won' t stay low forever. Gd luck DYODD Vested in SembMar |
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littleones
Veteran |
03-Feb-2016 09:08
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Fear is numero uno in creating panic selling. If a hedge fund cannot create fear, most retailer shareholders will not sell. If the shareholders do not sell how can the shortists buy low after selling high Most retail investors will follow any news, whether true or not. Thats how the evil manipulators make from the masses. Anyway, oil is going to be around for the forseeable future until a viable alternative is found. Oil is a finite resource and consumption is ever increasing so the only way for oil price is up. The current low oil price is not natural but due to a deliberate politicking between different oil producing countries. Oil price will not stay low. How long it stay low will depend on how it affect the oil producing countries. My gut feeling is that it will behave like a compressed spring ready to overshoot when the applied force is released. That what I know.
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alan5793
Veteran |
03-Feb-2016 06:59
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OMG. WTI Crude Oil plunged 6.1% to 29.71 , Brent plunged 5% to 32.53. OMG.
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WhyWhy
Member |
02-Feb-2016 22:40
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OMG !!! Don't be a sucker to dump your shares in a panic.. this is an ad for solar energy related stocks..
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alan5793
Veteran |
02-Feb-2016 22:30
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OMG Billionaire trader says " half the U.S. energy
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vivacious
Supreme |
01-Feb-2016 18:05
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What will a privatisation by SCI achieve? We believe this move only makes sense for SCI if the group believes in the long-term potential of SMM, and sees the current plunge in price as an opportunity. Still, this may not be well-received by SCI shareholders, at least for now. The fate of the seven Sete Brasil drillships is still hanging by a thread, and the offshore market lacks signs of a recovery. It may also be tough to persuade shareholders of SMM (who previously bought shares at a higher price) to bite, given how much the share price has fallen. Finally, SCI itself requires funds to support its growing overseas utilities business (China, India, Bangladesh, Myanmar), where it sees the most promise thus far. Privatisation at what price? Though SCI did try to privatize SMM in 2002, we note that circumstances then and now are rather different. SMM then had a strong financial position, and was in a net cash position. The outlook for the rig building sector was also looking brighter and more promising. At S$1.48, SMM is now trading at 1.0x book, below the 1.6x book level at which SCI tried to privatise SMM then. There is also concern that potential provisions may erode the book value further in following quarters. An offer for SMM? Timing and offer price are unknowns With the continued fall in oil prices and corresponding fall in valuations among oil and gas stocks, we lower our P/B forSMM from 1.15x to 0.75x FY16 book, as the chances of provisions on its order book increase. This leads to a drop in ourfair value estimate from S$1.79 to S$1.17. Though there are hopes that a buy-out of SMM may take place (indeed the price of SMM has been rather supported ever since media reports of a potential privatisation), we are unsure of the timing and pricing should an offer surface. MaintainSELL. SMM will announce its FY15 results on 15 Feb 2016, and a net loss is expected for 4Q15. |
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KAMAL0883
Supreme |
01-Feb-2016 13:03
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he too old already ....... he knew anytime for the next 2 years he will be called home by Lord 
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lionking
Member |
01-Feb-2016 12:59
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waiting to accumulate below 1.50 .. |
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