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Sembmarine
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Qanghoo
Supreme |
17-Dec-2015 23:00
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Brother, thx.  I' m not in yet.  I' ll consider only if it joins the penny club, hahaha.  Plagued by so much misfortune recently n whacked beyond recognition. 
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spore1
Supreme |
17-Dec-2015 22:56
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This is just a technical rebounce.Better take yr profit if u r making some gain. More likely to go further down after this throw back. | ||||
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Qanghoo
Supreme |
17-Dec-2015 21:36
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Urs is a more realistic assessment.  My sense is, ultimately what OPEC is trying to achieve is a disciplined approach by all, a disciplined pruduction that' s win-win for all. 
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sheerluck
Supreme |
17-Dec-2015 20:46
Yells: "Work for your money first then let your money work for you" |
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What Saudi-led OPEC did is not just killing off those high cost producers.  They are also putting the message across that if these producers do not observes market discipline (ie " 行 情 " ), then be prepared to be hantam if they come back again in the manner they did.  Those high cost producers can flourish because price is high.  They anyhow pump still can earn good money.  S-OPEC can flood the market with oil and push down price until you cannot tanhan. Now this message is not just for the oil coy but mainly for their finance backers eg bankers, investors, etc.  If this round they lose money, then they wouldn' t want to mess around with the SOPEC again since there are high chances of losing.  Without these kind of big fund, there wouldn' t be these oil coys. So these high cost coy are welcome to come back if they don' t anyhow pump oil. (anyhow pump=eat into my market share)
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Qanghoo
Supreme |
17-Dec-2015 19:46
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When oil px up again ..... guess what  ...... up pops the shalers again.  How to stop them? It' s like treating cancer.  Chemo ... remission .... then suddenly reappear .... n that' s the end.  Of course, difference is for oil, it wldn' t be the end for OPEC.  But this theory is flawed  to my mind. 
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tiancai007
Master |
17-Dec-2015 18:59
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Dont be fool by this oil glut. US is growing 2-3%, inflation is below 2%, China is growing 6-7% annually, Europe is printing more money, where is the recession? OPEC,or rather the Arabs controlling behind, is the smartest pple around, flushing out the high-cost producer. Guess what happens after they monopolize the market? They call the shots and cut production to increase px. Even Yellen was surprised by this oil crisis (She said in the medium-term oil px shld stabilze during the FOMC).  If nothing major happens to global economy, oil px shld be up to $60 by end of 2016, 
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Zindarion
Veteran |
17-Dec-2015 18:24
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Oh ya... finally i have someonw agree with me.
Vested with comfortable size, you will not panic with the drop. 7% dividends...better than keeping in bank fix dep... May be capital gain... who knows
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tiancai007
Master |
17-Dec-2015 18:15
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I am not worried too. SM has been around for donkey years. Since beginning of year till now, already 50% discount, where to find such good lobang for a blue chip?   Just keep for the dividend (or not), and keep fingers cross. Eventually oil px will go up. 2-3 yrs later, you will bang your head for not buying when fear is preventing you from making money. Vested.
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Zindarion
Veteran |
17-Dec-2015 17:50
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2007 till today....only missed special dividends in 2007 & 2008.
I am not worry on that. I have done my homework...
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ecekca
Elite |
17-Dec-2015 14:37
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you are right.
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spore1
Supreme |
17-Dec-2015 14:19
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Don't b surprise FY loss for 15 No dividend .This will send the price further down . Why bet with uncertainty .There r other counter to consider .
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earlybird14
Supreme |
17-Dec-2015 14:09
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This is just a technical bounce. Don' t be over excited to think bad is over. Once price soften and turn weak, it will move down again.  Petrobras project is still unknown and payment was not made since Nov 2014. 
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ecekca
Elite |
17-Dec-2015 14:05
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okie pls push it up to $5
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Zindarion
Veteran |
17-Dec-2015 11:48
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I have been waiting for long long time for the right timing...
The hint is M&A at bottom of oil price. Happening in USA and Sg. So the moment is here. Opec let them screw their own game. Cant be bother with them. Very happen for their keep coming game & meeting of pressing oil price down. Eventually they still pumping more and more. The more you pump the more services you need to maintain high output. Things will break down with high work load... in fact faster.
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ozone2002
Supreme |
17-Dec-2015 11:41
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agree with you. Even China voiced out to OPEC stating oil prices are WAY too low, indicating that oil has gone down too much and fair value is definitely higher than current price. Of course anything can happen. gd luck dyodd
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tiancai007
Master |
17-Dec-2015 11:24
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I think can hit 1.8 today. Watch out!  |
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Zindarion
Veteran |
17-Dec-2015 11:15
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No need to speculate.
Let the market do the work for you. I dont believe on speculating BC. Penny yes...speculatation play.
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Zindarion
Veteran |
17-Dec-2015 11:12
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No brainer to enter.
Look at their fundamental. All those BC O&G will not get kill easily. Bad news to correct further is good for longer holder. Yes when people fearful, You need to be brave. As long they can survive this down turn, they ill get stronger. That is why i never go penny O&G. Ezra is midcap to me. Only enter after rights issue and small chunk. Semb Marine, Semb Ind, Kep Corp are not first day in Sgx. This kind of price, PE & dividends %, will attract big buyers. Shortist help to correct the price which is good.
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spore1
Supreme |
17-Dec-2015 11:07
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oil prices low can even get lower. nobody knows when it will move up. during this period, if more order cancel /postpone then its financial result will be v bad.   i would say this is just a technical rebounce
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spore1
Supreme |
17-Dec-2015 11:05
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this is purely a speculating counter. pinching on oil prices up or down
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