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EZRA HOLDINGS - RED HOT NEWS
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Lucky03
Elite |
17-Apr-2016 08:06
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So much drama...
Saudi remarks on oil surge test prospects for output freeze Reuters 3 hrs ago By Rania El Gamal DOHA (Reuters) - Saudi Arabia's top oil official, Deputy Crown Prince Mohammed bin Salman, said Riyadh could boost output immediately and almost double it long term, in comments that could threaten the signing of a global production freeze deal planned for Sunday. The second in line to the throne of the world's largest crude exporter added in remarks to Bloomberg that the kingdom would only restrain its output if all other major producers, including Iran, agree to freeze their production. His remarks appeared to cast doubt on a freeze plan to be discussed by producers of the Organisation of the Petroleum Exporting Countries and non-OPEC member countries such as Russia on Sunday in the Qatari capital Doha. Iran, a fellow OPEC member but also Saudi Arabia's regional rival, said it would not participate in Sunday's meeting as it could not accept proposals to freeze production. "We have told some OPEC and non-OPEC members like Russia that they should accept the reality of Iran's return to the oil market," Oil Minister Bijan Namdar Zanganeh was quoted as saying by the oil ministry's news agency SHANA. "If Iran freezes its oil production at the February level, it means it cannot benefit from the lifting of sanctions." Yet OPEC delegates told Reuters there was still a chance for a deal on Sunday if participants can find a compromise - and avoid a repeat of the last OPEC meeting in December where Iran and Saudi Arabia clashed over output policy. The fact that Tehran's stance has not torpedoed the convening of the meeting suggests fellow producers may be prepared to tolerate a rise in Iran's output, provided there is no new price rout. The freeze proposal has helped oil prices to rise over 60 percent from a 12-year low near $27 a barrel hit in January, despite little change to the market's supply glut. "I am optimistic," acting Kuwaiti oil minister Anas Khalid al-Saleh said on Saturday regarding prospects for a deal. Several sources told Reuters there was support among the producers, including another OPEC delegate who said: "I still think there will be a deal." Delegates said a number of approaches were being discussed and there was talk of setting up a committee to monitor compliance. "We have a deal," one senior oil source told Reuters, referring to a proposal backed by several producers for an output freeze at January levels that would last until October. MARKET SHARE Producers have struggled for nearly two years with low oil prices and an oversupplied market but have been loath to cut output as that would cede market share to rivals. Sanctions imposed by the United States and other world powers were lifted in January in return for Tehran agreeing to long-term curbs on its nuclear programme. Prince Mohammed said Saudi Arabia would cap its market share at about 10.3 million to 10.4 million barrels a day (bpd), if producers agree to the freeze. "If all major producers don?t freeze production, we will not freeze production," he said. The prince, who has emerged as Saudi Arabia?s leading economic decision-maker, said Riyadh could increase output to 11.5 million barrels a day immediately and go to 12.5 million in six to nine months "if we wanted to". If the kingdom chose to increase investment in its oil industry, production capacity could be increased to 20 million bpd, he said in remarks made on Thursday and published on Saturday. "I don?t suggest that we should produce more, but we can produce more," said the prince. It is not clear to which extent his comments reflect the thinking of the Saudi leadership and king. They contrast with mostly conciliatory statements from market players in recent weeks. Iran's production has already surpassed 3.5 million bpd and exports are set to reach 2 million bpd next month, Iran's deputy oil minister was quoted as saying by state news agency IRNA. (Reporting by Rania El Gamal, Katie Paul, Parisa Hafezi, Tom Finn, Sam Wilkin, Reem Shamseddine writing by William Maclean editing by Jason Neely and Ralph Boulton) |
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jlim777
Senior |
16-Apr-2016 22:55
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From many comments from analysts and country representatives, only 2 comments that actually should be listened. First from Saudi Arabia who said they want oil price is range bounded near $40, and second from Russian who said they didn' t expect oil price to go up after Doha meeting, but stay at $40. That is their true intention for now. They don' t want oil price go lower than their low target price, and also don' t want to go higher than high target price. I guess NYSE traders have already realised this intention, hence the de-coupling, now have to evaluate case by case. Are these banks or oil related companies can survive with this range bound price? How about Ezra, at what oil price, they can survive? Or do they have diversified their business, so no longer depend heavily on oil industry income?
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niteowl68
Elite |
16-Apr-2016 00:13
Yells: "God Bleess You" |
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Dow Futures -7 points only even when Oil Futures tanked.. looks like they had de-coupled?
Oil futures tumbled as investors grew cautious ahead of April 17 meeting between Opec and major Oil Producers to discuss a potential output freeze.. analysts said they have little hope that a deal can be reached to reduce the global glut that had pulled down oil prices..
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NoRiskNoGain
Veteran |
15-Apr-2016 20:59
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Just wondering if sun doha bad news, is it gona to plunge?? This counter like gone case | ||||
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Zindarion
Veteran |
15-Apr-2016 17:51
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Hahaha tq bro
First time someone like my comments... Normally kena shoot Just trade happily... have some fun with these ppl name Learn from sheerluck...:)
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Barcalo
Master |
15-Apr-2016 17:38
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Bro, I like your comment very much. :)
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sharenewbie0301
Veteran |
15-Apr-2016 16:50
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Friday selling starts | ||||
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Zindarion
Veteran |
15-Apr-2016 16:44
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tiok corner liao short only can dump 103....later cover at 104... and those who shorted early in the morning suck thumb, force to cover 103 / 104... Lionel Lee sell house sell everything to save Ezra and his papa now bio him 24/7 liao
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teztez
Member |
15-Apr-2016 16:32
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noticed @ 0.103 constantly being topped up ... hopefully its something good... vested
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Zindarion
Veteran |
15-Apr-2016 16:27
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YES....
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Barcalo
Master |
15-Apr-2016 16:20
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Sunday is the meeting?
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Barcalo
Master |
15-Apr-2016 16:19
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Sunday is the meeting
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sharenewbie0301
Veteran |
15-Apr-2016 16:09
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Now all boils down to opec meeting result. Nothing else matters | ||||
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Zindarion
Veteran |
15-Apr-2016 16:00
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YES, Dreaming since long ago Happy Trading
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queryit
Member |
15-Apr-2016 15:58
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Dreamtime :)
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Zindarion
Veteran |
15-Apr-2016 15:54
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Founded in 1992, Ezra Holdings Limited (the " Company" and together with its subsidiaries, " Ezra" or the " Group" ) is a leading offshore contractor and provider of integrated offshore solutions to the global Oil and Gas (" O& G" ) industry. The Group has three main business divisions, namely Subsea Services (" EMAS AMC" ), Offshore Support and Production Services (under EMAS Offshore Limited or " EMAS Offshore" ), and Marine Services (under TRIYARDS Holdings Limited or " TRIYARDS" ) offering a full range of seabed-to-surface engineering, construction, marine and production services globally. Under the EMAS branding, the Group operates in more than 16 locations across six continents spanning Africa, the Americas, Asia, Australia and Europe. With our operational expertise as well as our fleet of young and sophisticated vessels, we are able to support our clients' increasingly complex needs with effective, efficient and reliable service solutions in challenging environments around the world. Founded on a relentless commitment to quality and value, Ezra has built up a well-respected track record and a strong network of clients, including oil majors as well as national and independent oil companies. Through the combined efforts of our three main business divisions, Ezra consistently strives to create value for our clients and stakeholders. available in their web but for Ezra to recover back to glory day, we are looking for Crude Oil above $70, as long CAPEX is not up then their result will not be nice. Who would invest into deep sea when the Oil is low. Ezra, Emas and Triyards all involve in Offshore, deep sea.... Bell does not ring well but take note for this OIL PRICE WILL RECOVER JUST A MATTER OF WHEN NOT IF. CAN YOU WAIT FOR THE WHEN ???
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happyharvest
Elite |
15-Apr-2016 15:37
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What are the business in EZRA that is good in the future?
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Zindarion
Veteran |
15-Apr-2016 15:15
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If you ask me, Ezra is freaking good news. (same to EMAS) 1) Sell of FPSO, cash out one of the huge asset with good return (FPSO easily cost of few hundred millions for conversion) 2) enough cash flow to sustain further business headwind 3) gearing reduce, debt reduce 4) bank will say Hi, come come 5) impairement done 6) NO more bad news liao (may be Q3 & Q4), but the drop of price already cater in all the possible bad thing. Yes, the bad news just to create FEAR for investor VESTED
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Demostation
Supreme |
15-Apr-2016 14:43
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But the so-called " bad news" is a contradiction. It is the " good news" for the future. If you remove the cosmetics from a woman, she may look more natural and nicer if there is an inner beauty in her. Hahaha. Ezra may be same, so think about it, is a buy chance, and a good one..
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Demostation
Supreme |
15-Apr-2016 14:25
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Not going up today, lol.
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