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EZRA HOLDINGS - RED HOT NEWS
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Lucky03
Elite |
02-May-2016 21:01
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Just moved up or has been moving let a while ? Why would anyone in NY interested in trading penny stocks listed in our little market ?
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sharenewbie0301
Veteran |
02-May-2016 20:58
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I think not listed thats why need trade through adrs
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happyharvest
Elite |
02-May-2016 19:40
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Ezra also listed in NY exchange?
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sharenewbie0301
Veteran |
02-May-2016 19:01
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Ezra ADRs move up by more than 30% . will it help ezra move? | ||||
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Lucky03
Elite |
01-May-2016 21:28
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Looks like Bloomberg is more positive on their assessment of China's economy compared to Reuters whose report below of China's release today is rather negative.
[BEIJING] Activity in China's manufacturing sector expanded for the second month in a row in April but only marginally, an official survey showed on Sunday, raising doubts about the sustainability of a recent pick-up in the world's second-largest economy. The official Purchasing Managers' Index (PMI) rose to a less-than-expected 50.1 in April, easing from March's reading of 50.2 and barely above the 50-point mark that separates expansion in activity from contraction. Analysts polled by Reuters had expected the number to improve to 50.4 after upbeat March data fueled hopes that the country's prolonged economic slowdown was easing. While production expanded modestly and at nearly the same pace as in March, growth in domestic and export orders faded slightly, albeit remaining in positive territory. In a sign of caution over the outlook, factories continued to draw down heavily on inventories of finished goods. Factories also appeared to be stockpiling less raw materials, possibly due to recent skyrocketing price increases for commodities such as steel, which have been linked in part to a recovery in the property market. Indeed, South Korea reported demand from China worsened in April, with exports to its biggest market tumbling 18.4 percent on-year. And China's factories continued to shed workers, with staff cuts quickening from the previous month. The official PMI survey, which tends to focus on larger, state firms, has shown persistent declines in employment for the last 3-1/2 years. March data had spurred hopes that China's long suffering manufacturing sector was bottoming out, with growth in industrial output and profits and fixed-asset investment all improving. The property recovery has spurred demand for building materials from cement and glass to steel, and the recent rebound in commodity prices is bringing in more cash for some companies to service their mountains of debt. However, sharp price increases for steel and iron ore have cooled after China's securities regulator ordered major commodity futures exchanges to control speculative trading. Analysts also are worried that recent signs of improvement may be largely driven by companies and local governments taking on more debt, putting any longer-term recovery in jeopardy. China's Big Five banks reported last week that their bad loans had increased by 53.2 billion yuan ($8.21 billion) in the first quarter, though non-performing loan ratios remained relatively stable. Activity in China's services industry, meanwhile, remained strong but grew at a slightly slower pace, with the official reading at 53.5 in April, compared with the previous month's reading of 53.8. Beijing is banking on a stronger services sector to help offset the long slump in "old economy" sectors such as heavy industry. REUTERS
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Lucky03
Elite |
01-May-2016 21:09
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Hope Ezra will return to its glorious days sooner if the investment for O&G indeed returns to the $600 billion once again ... as expressed by IEA Chief below.
IEA chief says oil price bottoming depends on global growth Reuters 1 hr ago By Osamu Tsukimori KITAKYUSHU, Japan (Reuters) - International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed out, providing that the health of the global economy does not pose a concern. Oil prices hit 2016 highs on Friday with Brent crude reaching $48.50 a barrel on optimism that a global oil glut will ease. That, coupled with a weaker dollar, has helped lift crude futures by more than $20 a barrel since prices plumbed 12-year lows below $30 in the first quarter. A decline in non-OPEC production amounting to more than 700,000 barrels per day this year, and production outages such as in Nigeria and Kuwait, have driven the rally, Birol told Reuters on the sidelines of the Group of Seven energy ministers' meeting in Kitakyushu, southwestern Japan. Asked if oil prices had bottomed out, he said: "It may well be the case, but it will depend on how the global economy looks like. In a normal economic environment, we will see the price direction is rather upwards than downwards." "We believe under normal conditions towards the end of this year, second half of this year but latest 2017, markets will rebalance." Birol said he hopes to see a rebound in upstream oil investments next year, following a 40 percent curb in investments over two years. Non-OPEC output is set to fall by more than 700,000 barrels per day this year, the biggest decline in around 20 years, he said. "What we would like to see is, after a big decline in 2015 and 2016, there will be a rebound in investments (in 2017), and bringing (investments) to the level of $600 billion once again," he said. Birol said a third year of decline in investments would be problematic for oil markets as it could cause oil price spikes and increase volatility, which would not be good for consumers. With global oil demand seen growing by 1.2 million bpd this year, the draw in global oil stockpiles will start soon, which will help push up oil prices, he said. "I think the trend is that there's a decline of stocks worldwide and the stock building rate is slowing down considerably, and we expect towards the end of this year stock draw will start to kick in," he said. Birol said that despite the recent rally in oil prices, it will take a while to change the direction of falling U.S. oil production. "It will depend on how high the price recovery will go and how long the level of prices will stay," he said. "Our analysis shows we need $60-$65 of oil prices in order to reverse the trends in shale oil and this would require also some time for shale oil to come back because there's a lot of work to be done. We think up to one year is needed in order for shale oil production to change the trends." (Editing by Jacqueline Wong) |
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Lucky03
Elite |
01-May-2016 16:03
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May lend some support to market.
China Factory Gauge Firms as Stimulus Stabilizes Economy By Bloomberg News - 1 May 2016, 11:29:35 AM Production at a strip steel workshop in Linfen, Shanxi province of China. China?s official factory gauge showed the nation?s economic rebound stabilized in April as a property recovery and credit surge helped to revive the nation?s old growth engines. The manufacturing purchasing managers index stood at 50.1 last month, the nation?s statistics agency said Sunday, compared with 50.2 in March and a median estimate of 50.3 in a Bloomberg News survey of economists. The non-manufacturing PMI was at 53.5, compared with 53.8 in March. Numbers higher than 50 indicate improving conditions. QuickTake China's Debt Bomb The data suggests a recovery in factory, investment and retail data in March wasn?t just a post-lunar new year holiday blip. The firm reading in April adds to the case for restraint in any additional stimulus to avoid fueling housing prices or flooding overcapacity sectors with cheap credit that keeps zombie enterprises alive. ?This is a managed stabilization,? said Zhou Hao, a Singapore-based economist at Commerzbank AG. ?The Chinese government only rolls out some short-term stimulus when the data are at the worst. It doesn?t want to see all the steel mills firing up again or the market?s speculation momentum get too strong.? The PMI readings are the first official indicator for April and follow private data that suggested the recovery was gathering pace last month. ?Resilience is substantially underpinned by a return to growth in construction and heavy industry,? Bloomberg Intelligence economists Tom Orlik and Fielding Chen wrote in a note, citing pickups in steel and construction gauges. ?Once again, China?s return to growth has come through a revival in lending and construction -- at the expense of progress on deleveraging and re-balancing.? China had an across-the-board rebound in March as corporate profits jumped, and new credit, investment, industrial output and retail sales all beat economists? estimates. Those stronger readings may keep the central bank on hold for a while as economists now see the People?s Bank of China keeping the benchmark one-year lending rate at a record low 4.35 percent through the third quarter, before cutting it to 4.1 percent in the fourth. Expansion ?Continues? ?As investment recovered, the property market turned around and the infrastructure construction expedited, the expansion of the manufacturing sector continues,? the National Bureau of Statistics said in a statement released with the data. The barometer of new orders was 51, indicating that a rebound in demand persists, according to the NBS. Challenges still remain at factories. The employment gauge of the manufacturing PMI slipped, indicating factories are cutting number of workers, while sub-indexes of new exports and imports dropped. ?China still faces relatively heavy downward pressure,? the NBS said. The new engines of China?s economy are faring better as social media, movie theaters, karaoke bars and art galleries shrug off the nation?s slowdown. First-quarter revenue from cultural industry companies rose 8.6 percent from a year earlier to 1.67 trillion yuan ($258 billion), the statistics office said Friday. The non-manufacturing index indicates that the growth pace of the services sector also slowed in April while construction activities picked up, the NBS said. As overall growth slows, some provinces are feeling the pinch hardest, with those in the industrial northeast faring worst. In Liaoning province, the economy contracted in the first quarter, a rare decline for a Chinese region. |
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Lucky03
Elite |
01-May-2016 10:32
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Reading the report released on 26 Apr, one of the bidders probably appealing. Maybe US McDermontt since it submitted the next lowest bid at US$1.8b as compared to the just below US$1.5b bid from India L&T consortium with EMAS AMC-Chiyoda. Not sure how fast can Armaco finalize as the last minutes lobby should be expected to be intense. Middle East rests for Fri and Sat.
According to the news released by Emirates Business on 29 Feb, US-based Dynamic Industries and Italy?s Saipem were the two lowest engineering, procurement and construction (EPC) bidders, and one of the two is likely to win the project. But Aramco decided the costs from all bidders were too high and decided to extend the tender and asked the 5 LTA partners to resubmit. On 26 Apr, Emirates Business reported Saudi Aramco has selected India?s Larsen & Toubro (L&T) to carry out the expansion of its Hasbah offshore gas field, according to three sources familiar with the project. L&T emerged as the low bidder for the engineering, procurement and construction (EPC) tender after state-owned Aramco asked contractors to resubmit prices. The joint bid by L&T and its Singapore-based consortium partner Emas came in at just under $1.5bn. The second-lowest bidder, the US? McDermott, submitted a price of about $1.8bn, the sources told MEED. A fourth source familiar with the project said Aramco is still assessing bids and has yet to select a company to carry out the scheme.
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happyharvest
Elite |
01-May-2016 02:22
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so no news about the contract with Amaco yet? |
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Lucky03
Elite |
30-Apr-2016 16:21
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Will air pollution force more US Oil Production to shut down ?
Study: US oil field source of global uptick in air pollution Associated Press 48 mins ago Michael Biesecker and Matthew Brown, Associated Press WASHINGTON (AP) -- An oil and natural gas field in the western United States is largely responsible for a global uptick of the air pollutant ethane, according to a new study. The team led by researchers at the University of Michigan found that fossil fuel production at the Bakken Formation in North Dakota and Montana is emitting roughly 2 percent of the ethane detected in the Earth's atmosphere. Along with its chemical cousin methane, ethane is a hydrocarbon that is a significant component of natural gas. Once in the atmosphere, ethane reacts with sunlight to form ozone, which can trigger asthma attacks and other respiratory problems, especially in children and the elderly. Ethane pollution can also harm agricultural crops. Ozone also ranks as the third-largest contributor to human-caused global warming after carbon dioxide and methane. "We didn't expect one region to have such a global influence," said Eric Kort, lead author of the study and an assistant professor of climatic science at the University of Michigan in Ann Arbor. The study was launched after a mountaintop sensor in the European Alps began registering surprising spikes in ethane concentrations in the atmosphere starting in 2010, following decades of declines. The increase, which has continued over the last five years, was noted at the same time new horizontal drilling and hydraulic fracturing techniques were fueling a boom of oil and gas production from previously inaccessible shale rock formations in the United States. Searching for the source of the ethane, an aircraft from the National Oceanic and Atmospheric Administration in 2014 sampled air from directly overhead and downwind of drilling rigs in the Bakken region. Those measurements showed ethane emissions far higher than what was being reported to the government by oil and gas companies. The findings solve an atmospheric mystery ? where that extra ethane was coming from, said Colm Sweeney, a study co-author from the Cooperative Institute for Research in Environmental Sciences at the University of Colorado in Boulder. The researchers said other U.S. oil and gas fields, especially the Eagle Ford in Texas, are also likely contributing to the global rise in ethane concentrations. Ethane gets into the air through leaks from drilling rigs, gas storage facilities and pipelines, as well as from intentional venting and gas burnoffs from extraction operations. "We need to take these regions into account because it could really be impacting air quality in a way that might matter across North America," Kort said. Helping drive the high emission levels from the Bakken has been the oil field's meteoric growth. Efforts to install and maintain equipment to capture ethane and other volatile gases before they can escape have lagged behind drilling, said North Dakota Environmental Health Chief Dave Glatt. Glatt's agency has stepped up enforcement efforts in response. Last year, the state purchased a specialized camera that can detect so-called fugitive gas emissions as they escape from uncontained oil storage tanks, leaky pipelines, processing facilities and other sources. "You're able to see what the naked eye can't and it reveals emissions sources you didn't know where there," Glatt said. "It's a game changer. A lot of the companies thought they were in good shape, and they looked through the camera and saw they weren't." Regulators at the Environmental Protection Agency were reviewing the study's results. Spokeswoman Laura Allen said Friday that new clean air rules recently announced by the Obama administration to curb climate-warming methane leaks from oil and gas drilling operations should also help address the harmful ethane emissions. There are other ways ethane gets into the atmosphere ? including wildfires and natural seepage from underground gas reserves. But fossil fuel extraction is the dominant source, accounting for roughly 60 to 70 percent of global emissions, according to a 2013 study from researchers at the University of California. ___ Brown reported from Billings, Mont. |
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Lucky03
Elite |
29-Apr-2016 21:49
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Crude oil price keeps going up. Now US$46.70. Surely O&G counters such as Ezra will follow suit at some point in time. | ||||
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rayzer85
Member |
29-Apr-2016 16:30
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Ezra price seems to be holding up pretty well though ... since other O& G counters are all down
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Lucky03
Elite |
29-Apr-2016 15:22
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Year's high now. Tonight may shoot even higher
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newbieliu
Elite |
29-Apr-2016 15:03
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THis counter gets suppressed nicely LOL
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olaf14
Member |
29-Apr-2016 14:39
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Oil up beautifully! Huat ah! | ||||
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olaf14
Member |
29-Apr-2016 09:37
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if there is selling, that means there is also someone on the other end buying?
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sharenewbie0301
Veteran |
29-Apr-2016 09:34
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But now selling pressure build up again.
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seanpent
Supreme |
29-Apr-2016 09:22
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guess got people short at yesterday close ?
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Msport
Elite |
29-Apr-2016 09:15
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kateks sweating |
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Lucky03
Elite |
29-Apr-2016 09:05
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Encouraging open. | ||||
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