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Lucky03 Elite	27-Apr-2016 22:21        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oil's Profit Surprise Has Analysts Wondering How Well Exxon Did By Rakteem Katakey - 27 Apr 2016, 10:01:20 PM The Big Oil earnings season has started with such a surprise that some analysts already say their estimates for the other companies may be too low. BP Plc and Statoil ASA both reported a first-quarter profit this week after analysts predicted losses, while Total SA beat earnings estimates by 31 percent. The results, reflecting sweeping cost cuts as well as resilient refining, trading and petrochemical operations, suggest Exxon Mobil Corp. and others may also trump expectations. ?It seems the cost reduction has been implemented better than expected by the companies,? said Alexandre Andlauer, an analyst at AlphaValue SAS in Paris. ?It?s now more than probable the others will beat estimates too.? Oil majors are deepening cost cuts to weather the crude-market rout by lowering capital expenditure, renegotiating drilling contracts, slashing thousands of jobs and deferring big projects. The pace of such measures is sometimes so steep it doesn?t reflect in quarterly earnings estimates, according to Andlauer.
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happyharvest Elite	27-Apr-2016 21:49        happyharvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	it would be ashame if Ezra fails to clinch the deal. so near yet so far. sharenewbie0301      ( Date: 27-Apr-2016 19:48) Posted: Actually may also be ezra failed to get the contract. See how tomorrow sharenewbie0301      ( Date: 27-Apr-2016 16:23) Posted: Looks like accumulation? I hope lah hah
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Lucky03 Elite	27-Apr-2016 21:40        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Crude hitting US$45. At some point in time, with or without the contract win, Ezra will respond positively to the rise of crude prices.
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sharenewbie0301 Veteran	27-Apr-2016 19:48        sharenewbie0301 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually may also be ezra failed to get the contract. See how tomorrow sharenewbie0301      ( Date: 27-Apr-2016 16:23) Posted: Looks like accumulation? I hope lah haha Msport      ( Date: 27-Apr-2016 16:23) Posted: oil so strong but nobody want ezra? only ezion strong
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sharenewbie0301 Veteran	27-Apr-2016 16:44        sharenewbie0301 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ezion is. Its just ezra is not. Keppel is probably due to brazil debt swv001      ( Date: 27-Apr-2016 16:43) Posted: So strange! Oil is up up up.   When can oil related stocks move up??? sharenewbie0301      ( Date: 27-Apr-2016 16:23) Posted: Looks like accumulation? I hope lah hah
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swv001 Member	27-Apr-2016 16:43        swv001 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So strange! Oil is up up up.   When can oil related stocks move up??? sharenewbie0301      ( Date: 27-Apr-2016 16:23) Posted: Looks like accumulation? I hope lah haha Msport      ( Date: 27-Apr-2016 16:23) Posted: oil so strong but nobody want ezra? only ezion strong
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sharenewbie0301 Veteran	27-Apr-2016 16:23        sharenewbie0301 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like accumulation? I hope lah haha Msport      ( Date: 27-Apr-2016 16:23) Posted: oil so strong but nobody want ezra? only ezion strong
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Msport Elite	27-Apr-2016 16:23        Msport About Contact  Quote this Post! Style: Flexible
x 0   x 0  Alert Admin	oil so strong but nobody want ezra? only ezion strong
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Lucky03 Elite	27-Apr-2016 11:24        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I suspect so. KAMAL0883      ( Date: 27-Apr-2016 10:56) Posted: one moment talk increase and another moment talk reduce ..... very certain  is " big funds" speculating the market Lucky03      ( Date: 27-Apr-2016 07:49) Posted: How will this impact the tender to be awarded ? Oil prices jump on report Saudi plans to reduce drilling Oil prices rose sharply on Tuesday, gaining a lift from speculation that Saudi Arabia is planning to cut back drilling as the market worries about excessive global supplies. APR 27, 20166:54 AM [NEW YORK] Oil prices rose sharply on Tuesday, gaining a lift from speculation that Saudi Arabia is planning to cut back drilling as the market worries about excessive global supplies. The market, already heading higher from the start of trade, "seems to have got an extra boost from a report out of Nabor Industries's earnings call," said Bob Yawger of Mizuho Securities. Mr Yawger said the drilling company "claimed the Saudis have plans to reduce their rig counts by 10 per cent." US benchmark West Texas Intermediate (WTI) for delivery in June rose US$1.40 (3.3 per cent) to US$44.04 a barrel on the New York Mercantile Exchange, its highest close since November. Similarly, Brent North Sea crude for June delivery, the European benchmark, rose 2.8 per cent in London trade, finishing US$1.26 higher at US$45.74 a barrel. Analysts said the rebound from Monday's losses was also possibly prompted by a slightly weaker dollar and poor US data on durable goods orders and consumer confidence. "While short-term price movements may be driven by financial demand related to a weaker dollar, we continue to see a physical market that remains very well-supplied," cautioned Tim Evans of Citi Futures. Meanwhile Bloomberg News reported that Saudi Arabia sold a spot cargo to a small independent Chinese refiner, Shandong Chambroad. The 730,000-barrel shipment is unusual for Saudi Arabia, which generally makes sales under long-term contracts, and underscores its desire to expand market share in Asia. "Saudi Arabia is reportedly making spot sales to a teapot refiner in China as a more aggressive competitive move than has been typical," Mr Evans noted
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Demostation Supreme	27-Apr-2016 11:08        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	Saudi is alittle bit alibaba. They just want to cut but play psychology with Iran which will never cut because they need alot of money to build their " nuclear capabilities" .   The funds given by US Obama to Iran certainly not enough even though running into billions $US, so selling oil is a must to complement the needs.   Saudi wants money too, so that the prince can donate to countries fighting IS and cannot cut production for sure. Just my thoughts and just my views, lol.
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KAMAL0883 Supreme	27-Apr-2016 10:56        KAMAL0883 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	one moment talk increase and another moment talk reduce ..... very certain  is " big funds" speculating the market Lucky03      ( Date: 27-Apr-2016 07:49) Posted: How will this impact the tender to be awarded ? Oil prices jump on report Saudi plans to reduce drilling Oil prices rose sharply on Tuesday, gaining a lift from speculation that Saudi Arabia is planning to cut back drilling as the market worries about excessive global supplies. APR 27, 20166:54 AM [NEW YORK] Oil prices rose sharply on Tuesday, gaining a lift from speculation that Saudi Arabia is planning to cut back drilling as the market worries about excessive global supplies. The market, already heading higher from the start of trade, "seems to have got an extra boost from a report out of Nabor Industries's earnings call," said Bob Yawger of Mizuho Securities. Mr Yawger said the drilling company "claimed the Saudis have plans to reduce their rig counts by 10 per cent." US benchmark West Texas Intermediate (WTI) for delivery in June rose US$1.40 (3.3 per cent) to US$44.04 a barrel on the New York Mercantile Exchange, its highest close since November. Similarly, Brent North Sea crude for June delivery, the European benchmark, rose 2.8 per cent in London trade, finishing US$1.26 higher at US$45.74 a barrel. Analysts said the rebound from Monday's losses was also possibly prompted by a slightly weaker dollar and poor US data on durable goods orders and consumer confidence. "While short-term price movements may be driven by financial demand related to a weaker dollar, we continue to see a physical market that remains very well-supplied," cautioned Tim Evans of Citi Futures. Meanwhile Bloomberg News reported that Saudi Arabia sold a spot cargo to a small independent Chinese refiner, Shandong Chambroad. The 730,000-barrel shipment is unusual for Saudi Arabia, which generally makes sales under long-term contracts, and underscores its desire to expand market share in Asia. "Saudi Arabia is reportedly making spot sales to a teapot refiner in China as a more aggressive competitive move than has been typical," Mr Evans noted. Observers      ( Date: 27-Apr-2016 07:44) Posted: What I' d like to know are the margins on these contracts given Saudi govt fiscal positions are currently bleeding buckets.
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Demostation Supreme	27-Apr-2016 10:54        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	The market requires active speculation to move up or down, so we need stock promotion, lol.
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KAMAL0883 Supreme	27-Apr-2016 10:54        KAMAL0883 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	top volume dump if px still stable mean big hands taken up the dump happyharvest      ( Date: 27-Apr-2016 00:12) Posted: top volume could also mean dump, not only pump sharenewbie0301      ( Date: 26-Apr-2016 22:25) Posted: At least its back to top volume. Always need volume to pum
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happyharvest Elite	27-Apr-2016 10:08        happyharvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	Depends sharenewbie0301      ( Date: 27-Apr-2016 06:56) Posted: Thats true. But no volume price confirm down happyharvest      ( Date: 27-Apr-2016 00:12) Posted: top volume could also mean dump, not only pump
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Lucky03 Elite	27-Apr-2016 10:05        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like market will not buy on rumours but want to see official announcement if indeed Ezra won the Saudi contract.
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Lucky03 Elite	27-Apr-2016 07:49        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	How will this impact the tender to be awarded ? Oil prices jump on report Saudi plans to reduce drilling Oil prices rose sharply on Tuesday, gaining a lift from speculation that Saudi Arabia is planning to cut back drilling as the market worries about excessive global supplies. APR 27, 20166:54 AM [NEW YORK] Oil prices rose sharply on Tuesday, gaining a lift from speculation that Saudi Arabia is planning to cut back drilling as the market worries about excessive global supplies. The market, already heading higher from the start of trade, "seems to have got an extra boost from a report out of Nabor Industries's earnings call," said Bob Yawger of Mizuho Securities. Mr Yawger said the drilling company "claimed the Saudis have plans to reduce their rig counts by 10 per cent." US benchmark West Texas Intermediate (WTI) for delivery in June rose US$1.40 (3.3 per cent) to US$44.04 a barrel on the New York Mercantile Exchange, its highest close since November. Similarly, Brent North Sea crude for June delivery, the European benchmark, rose 2.8 per cent in London trade, finishing US$1.26 higher at US$45.74 a barrel. Analysts said the rebound from Monday's losses was also possibly prompted by a slightly weaker dollar and poor US data on durable goods orders and consumer confidence. "While short-term price movements may be driven by financial demand related to a weaker dollar, we continue to see a physical market that remains very well-supplied," cautioned Tim Evans of Citi Futures. Meanwhile Bloomberg News reported that Saudi Arabia sold a spot cargo to a small independent Chinese refiner, Shandong Chambroad. The 730,000-barrel shipment is unusual for Saudi Arabia, which generally makes sales under long-term contracts, and underscores its desire to expand market share in Asia. "Saudi Arabia is reportedly making spot sales to a teapot refiner in China as a more aggressive competitive move than has been typical," Mr Evans noted. Observers      ( Date: 27-Apr-2016 07:44) Posted: What I' d like to know are the margins on these contracts given Saudi govt fiscal positions are currently bleeding buckets. waters      ( Date: 25-Apr-2016 23:52) Posted: DBS Driller  Saudi Aramco ready to award US$2bn in contracts  Analyst Janice Chua  +65 6682 3692  [email protected] Pei Hwa Ho  +65 6682 3714  [email protected] Suvro Sarkar  +65 6682 3720  [email protected]  Saudi Aramco ready to award US$2bn in contracts      Emas-L& T consortium rumoured to be a key beneficiary. Saudi Aramco has reportedly issued letters of intent (LOI) to three of its long-term agreement (LTA) contractors for offshore contracts worth up to US$2bn, although the actual signing could take up to two months more. According to  Upstream, sources have said that the Emas-Larsen & Toubro consortium is poised to take the largest job &ndash a US$1.5bn contract involving wellhead topsides and tie-in platforms, as well as substantial subsea pipeline and cable-lay work. Saipem and McDermott are believed to be the other two contractors that have been issued LOIs.  DBS&rsquo s View: This is obviously positive for Ezra if the contract materialises, as it would boost the company&rsquo s subsea orderbook and revenue visibility. However, Saudi Aramco has asked its LTA contractors for revised proposals with lower costs, hence margins on these projects may be lower.  Top stories  Sete Brasil shareholders approve plan to file for creditor protection. The vote was possible after a key shareholder with an 18% interest in the rig lessor &ndash pension fund Petros &ndash agreed to back the plan after opposing it for months. The move could be a means of forcing Petrobras, who is also a minority stakeholder, to settle on more favourable terms on the charter of the rigs under construction.  DBS&rsquo s View: The market should not be entirely surprised as the proposal had surfaced earlier in January. However, it is premature to evaluate the impact on the Singapore rigbuilders without details of the restructuring plan.  We are comforted by the fact that Singapore rigbuilders have collected substantial payments from Sete and some provisions were made in 4Q15.  Brent up 4.7% to close at US$45.11 last week on strong market sentiment.  Brent prices rallied last week on data showing that US crude inventories rose less than expected, production outages in Kuwait, Nigeria and Venezuela, and strong crude imports to China. The market brushed off the lack of a production freeze deal over the previous weekend, and hints of higher output from producers.  DBS&rsquo s View: Fundamentals remain challenging as producers continue to pursue market share, and record-high inventory levels remains an overhang. We are likely to see near term oil price pullbacks and volatility.  Russia threatens to increase output.  Days after the Doha talks ended in failure to agree on a production freeze, Russia has stepped up the rhetoric, with Energy Minister Alexander Novak saying that it plans to ramp up crude output by 100kbpd to 10.81mmbpd in 2016. He also said that Russia could &ldquo in theory&rdquo raise production to 12mmbpd or even 13mmbpd.  DBS&rsquo s View: The hostile Russian tone speaks of the tension that is lingering after the failed output agreement, where Saudi Arabia emphasised its unwillingness to relinquish market share. If other countries follow in Russia&rsquo s footsteps and position for retaliatory action (i.e. boosting output), oil prices could take a hit.
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Observers Elite	27-Apr-2016 07:44        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	What I' d like to know are the margins on these contracts given Saudi govt fiscal positions are currently bleeding buckets. waters      ( Date: 25-Apr-2016 23:52) Posted: DBS Driller  Saudi Aramco ready to award US$2bn in contracts  Analyst Janice Chua  +65 6682 3692  [email protected] Pei Hwa Ho  +65 6682 3714  [email protected] Suvro Sarkar  +65 6682 3720  [email protected]  Saudi Aramco ready to award US$2bn in contracts      Emas-L& T consortium rumoured to be a key beneficiary. Saudi Aramco has reportedly issued letters of intent (LOI) to three of its long-term agreement (LTA) contractors for offshore contracts worth up to US$2bn, although the actual signing could take up to two months more. According to  Upstream, sources have said that the Emas-Larsen & Toubro consortium is poised to take the largest job &ndash a US$1.5bn contract involving wellhead topsides and tie-in platforms, as well as substantial subsea pipeline and cable-lay work. Saipem and McDermott are believed to be the other two contractors that have been issued LOIs.  DBS&rsquo s View: This is obviously positive for Ezra if the contract materialises, as it would boost the company&rsquo s subsea orderbook and revenue visibility. However, Saudi Aramco has asked its LTA contractors for revised proposals with lower costs, hence margins on these projects may be lower.  Top stories  Sete Brasil shareholders approve plan to file for creditor protection. The vote was possible after a key shareholder with an 18% interest in the rig lessor &ndash pension fund Petros &ndash agreed to back the plan after opposing it for months. The move could be a means of forcing Petrobras, who is also a minority stakeholder, to settle on more favourable terms on the charter of the rigs under construction.  DBS&rsquo s View: The market should not be entirely surprised as the proposal had surfaced earlier in January. However, it is premature to evaluate the impact on the Singapore rigbuilders without details of the restructuring plan.  We are comforted by the fact that Singapore rigbuilders have collected substantial payments from Sete and some provisions were made in 4Q15.  Brent up 4.7% to close at US$45.11 last week on strong market sentiment.  Brent prices rallied last week on data showing that US crude inventories rose less than expected, production outages in Kuwait, Nigeria and Venezuela, and strong crude imports to China. The market brushed off the lack of a production freeze deal over the previous weekend, and hints of higher output from producers.  DBS&rsquo s View: Fundamentals remain challenging as producers continue to pursue market share, and record-high inventory levels remains an overhang. We are likely to see near term oil price pullbacks and volatility.  Russia threatens to increase output.  Days after the Doha talks ended in failure to agree on a production freeze, Russia has stepped up the rhetoric, with Energy Minister Alexander Novak saying that it plans to ramp up crude output by 100kbpd to 10.81mmbpd in 2016. He also said that Russia could &ldquo in theory&rdquo raise production to 12mmbpd or even 13mmbpd.  DBS&rsquo s View: The hostile Russian tone speaks of the tension that is lingering after the failed output agreement, where Saudi Arabia emphasised its unwillingness to relinquish market share. If other countries follow in Russia&rsquo s footsteps and position for retaliatory action (i.e. boosting output), oil prices could take a hit.
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sharenewbie0301 Veteran	27-Apr-2016 06:56        sharenewbie0301 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thats true. But no volume price confirm down happyharvest      ( Date: 27-Apr-2016 00:12) Posted: top volume could also mean dump, not only pump sharenewbie0301      ( Date: 26-Apr-2016 22:25) Posted: At least its back to top volume. Always need volume to pum
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happyharvest Elite	27-Apr-2016 00:12        happyharvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	top volume could also mean dump, not only pump sharenewbie0301      ( Date: 26-Apr-2016 22:25) Posted: At least its back to top volume. Always need volume to pump Lucky03      ( Date: 26-Apr-2016 21:18) Posted: That's why it is not an easy decision to jump in even if the price is attractive and likely surge upon confirmation of the award. The reverse is just the opposite and potentially very damaging.
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sharenewbie0301 Veteran	26-Apr-2016 22:25        sharenewbie0301 About Contact  Quote this Post!
x 0   x 0  Alert Admin	At least its back to top volume. Always need volume to pump Lucky03      ( Date: 26-Apr-2016 21:18) Posted: That's why it is not an easy decision to jump in even if the price is attractive and likely surge upon confirmation of the award. The reverse is just the opposite and potentially very damaging. happyharvest      ( Date: 26-Apr-2016 21:14) Posted: last chance for Ezra to bail itself out. Otherwise it is doom for hell
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