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1301-1320 of 1924
Big movement coming
Looking good. I like high sell walls as it " persude" traders to sell. Playing the emotion card!
this morning someone from phillip threw at 57. Afternoon opening match sold by UOB at 59.
Resistance level at 0.061, entered a little at that price.
Volume is picking up nicely last 1 week which i tot is a positive indicator. There is a high sell wall at 62, the higher the better
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Any projected target?
383838 ( Date: 18-Nov-2019 09:40) Posted:
| Forming a pole with a flag. |
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Yes! Its coming.
383838 ( Date: 18-Nov-2019 09:40) Posted:
| Forming a pole with a flag. |
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Forming a pole with a flag.
nice...
On my radar for Monday!
Yes I am one such old timer, more like a very old timer
, who have made and lost monies in the stock market. Who dun lose monies trading O& G Coys? Look at Swiber, Ezra, Swissco, Kris Energy, Ezion, Viking, Mirach Energy, RH PetroGas, Ramba Energy now called Eneco i think, and even Semb Marine..... and many more. Even Rex Int caused many heartache. But we need to learn never to ever fall in love nor hate a stock. To be successful in the stock market, you nave to work hard, very very hard if i may say. There are various tools, TA or FA related, that can assist and minimise your mistakes, but still no tool is 100% accurate. If you are a very short term trader, you probably would want to use TA related tools as FA is of no value if you are looking at days or a couple of weeks. You look for momentum stocls. However, if you are looking at longer time frames like months or years, then you have to look at FA related tools. I use both as i always want to know the risk profile of a Coy i buy into. It is a complicated subject. But do be careful with the stock market. You can make alot of monies, it also can kill, and destroy family! Do your homework, know what you are doing and control and manage your trades. It is a jungle out there!
TA_Expert ( Date: 17-Nov-2019 03:40) Posted:
| This company has caused many old timers lost money. Only those who purchased in the last a few years may still make. |
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This company has caused many old timers lost money. Only those who purchased in the last a few years may still make.
From the Coy Annual Report...
YIN LIFENG Non-Executive Director
Mr Yin Lifeng is a Non-Executive Director of the Company. He was first appointed to the board on 13 March 2018 and was elected on 27 April 2018. Mr Yin is the Vice President of China ZhenHua Oil Co., Ltd since 2015, and is in charge of its business strategy, planning, investment and finance. He joined the company in 2012 as Chief Financial Officer and over the years, he accumulated extensive practical experience in enterprise financial management, crude oil trade finance and international oilfield project management. Before joining ZhenHua Oil, Mr Yin worked with the financial department of China Northern Industrial Corporation as Deputy Director from 2005 to 2012. Mr Yin is currently a member of the owners&rsquo committee of Goldpetrol Joint Operating Company Inc. (Myanmar) and the Managing Director of North Petroleum International Company Limited (Hong Kong). Mr Yin obtained a Bachelor&rsquo s Degree from Renmin University of China in 1998, Master&rsquo s degree from Capital University of Economics and Business in 2002, and PhD in management from Tsinghua University in 2010. His main research areas were corporate financial management and corporate governance structure. Mr Yin is an adjunct professor at Central University of Finance and Economics and an external tutor at China University of Petroleum &ndash Academy of Chinese Energy Strategy
China Zhenhua Oil bot into Interra Resources via the Private Shares Placement, which was completed in January 2018. Mr Yin Lifeng who is China ZhenHua Oil appointee to the Interra Resources Board hold no shares in Interra Resources until his recent shares purchase in end August 2019. Now that is interesting I tot..... what could have motivated him to buy into Interra Resources, for his personal account, from the open market 18 months after China ZhenHua bot a substantial stake in Interra Resources???The only recent major corporate event is the highly anticipated announcement of the commencement of drilling at the KP Block. Did he see something in KP data to excite him to buy into Interra Resources??? Time will tell as we await the results of the KP drilling programme in December 2019.
Kindly note this and other postings i have made is not a recommendation to buy or sell Interra Resources. You MUST conduct your own due diligence. As i say before in one of my postings, it is a Jungle out there!
Read This Before Selling Interra Resources Limited (SGX:5GI) Shares
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we' d be remiss not to mention that insider sales have been known to precede tough periods for a business. So before you buy or sell Interra Resources Limited (SGX:5GI), you may well want to know whether insiders have been buying or selling.
What Is Insider Buying?
It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, rules govern insider transactions, and certain disclosures are required.
We don' t think shareholders should simply follow insider transactions. But it is perfectly logical to keep tabs on what insiders are doing. As Peter Lynch said, ' insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'
Interra Resources Insider Transactions Over The Last Year
Non-Executive Director Lifeng Yin made the biggest insider purchase in the last 12 months. That single transaction was for S$105k worth of shares at a price of S$0.028 each. That means that an insider was happy to buy shares at above the current price of S$0.025. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company' s future. We always take careful note of the price insiders pay when purchasing shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Lifeng Yin was the only individual insider to buy over the year.
superstartup ( Date: 11-Nov-2019 10:19) Posted:
I think he and the company bought into Interra for the Central Kalimantan Block.
Interra held onto this block since around 2011 or so, and it is only after China Zhenhua invested in Interra that we start to see activities (pre-exploration) on this block + Interra' s financials start to turn positive.
Trading halt + positive news from the KP-1 well, please.
" The unrisked prospective resources for the entire Block estimated as at 1 January 2019 by ERC Equipoise Pte Ltd are: low case of 67 million stock tanks barrels, best case of 305 mmstb and high case of 1,288 mmstb. If the drilling results of KP-1 are commercially successful, then these prospective resources may be upgraded and reclassified as reserves."
mustang ( Date: 11-Nov-2019 10:10) Posted:
| And he bot in the open market for himself. What message does it covey?? |
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SgYuan Zhun. I was at 55, but no chance. Managed only to get some at 57 at the lowest on Friday. Got competition
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SgYuan ( Date: 16-Nov-2019 13:06) Posted:
w4 look like wabc formation
- 73 55 64 ?57
- w4 support 55 dn 38.2% of 41
- 4h was ichi baseline support 53.5
4h chart
SgYuan ( Date: 13-Nov-2019 13:57) Posted:
ew 24 37 31 ?
w1 13
w2 6 dn 46%
w3 47 tgt 76 up 361.8% of w1 13
- px hit 71 delta 41
w4 16 tgt 55 dn 38.2% of 41
- px hit 55
w5 33 tgt 88 up 61.8% of 54
- now on this wave and likely ext ew
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w4 look like wabc formation
- 73 55 64 ?57
- w4 support 55 dn 38.2% of 41
- 4h was ichi baseline support 53.5
4h chart
SgYuan ( Date: 13-Nov-2019 13:57) Posted:
ew 24 37 31 ?
w1 13
w2 6 dn 46%
w3 47 tgt 76 up 361.8% of w1 13
- px hit 71 delta 41
w4 16 tgt 55 dn 38.2% of 41
- px hit 55
w5 33 tgt 88 up 61.8% of 54
- now on this wave and likely ext ew
SgYuan ( Date: 11-Nov-2019 11:24) Posted:
w3 continue power up
next tgt 261.8% delta 34 tgt 65
- px hit 71 delta 41 up 315%
next tgt 361.8% delta 47 tgt 76
- watch uturn
w4 18 tgt 58 dn typ 38.2%
- may not correct so much
w5 37 tgt 95 up 61.8% of 60
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I managed to google this article detailing China ZhenHua acquisition of a substantial stake in Interra Resources. The deal was completed in January 2018.
18 Dec 2017 | 03:28 UTC
Singapore
China ZhenHua expands Southeast Asia upstream exposure with Interra stake
State-owned China ZhenHua Oil Co has taken a 13.6% stake in Singapore-listed Interra Resources Ltd. through a private placement worth around $3.47 million (S$4.68 million), in a move that boosts its upstream investments in Southeast Asia.
The stake in Interra Resources, which has operations in Indonesia and Myanmar, comes amid the strategic expansion of Chinese companies in overseas energy markets and adds to China ZhenHua Oil' s existing fields in Iraq, Egypt, Kazakhstan and Pakistan.
On Friday, Interra Resources said it had signed a private share placement of 79.5 million shares at S$0.059 per share with North Petroleum International Co. Ltd., a wholly owned unit of China ZhenHua Oil.
The 13.6% stake makes China ZhenHua Oil the second-largest shareholder in Interra Resources, and also paves the way for the two companies to " further explore a collaborative partnership" in Myanmar where they already have joint operations.
Accordingly, Interra' s existing controlling shareholders, Edwin Soeryadiaya, Sandiaga Salahuddin Uno and PT Saratoga Investama Sedaya, will see their collective stake diluted to 13.74% of the company' s enlarged issued and paid-up share capital, from 15.9% previously.
Interra Resources said that it intended to use the net proceeds from the placement for general working capital and China ZhenHua Oil will get to nominate a representative to its board of directors.
In Myanmar, Interra Resources and China ZhenHua Oil have a 60% and 40% stake, respectively, in Goldpetrol Joint Operating Co., the joint venture company that operates the Chauk and Yenangyaung fields.
Chauk and Yenangyaung are two of the largest onshore producing oil fields in central Myanmar and are under Improved Petroleum Recovery Contracts with state-owned Myanma Oil and Gas Enterprise that began in 1996 for a 20.5-year period, according to Interra' s website.
In August, Interra extended its Myanmar contract for 11 years, allowing it to continue exploration work and accelerate drilling activity in existing acreages. It said the new exploration work would result in a substantial increase in its reserves base.
Interra' s combined gross production from both the Chauk and Yenangyaung fields in 2016 was 907,849 barrels of oil. In Q3 2017, Interra' s shareable production in Myanmar rose by 9% to 54,197 barrels, from 49,896 barrels in Q2.
" ZhenHua Oil believes that the Chauk and Yenangyaung oil fields have great production potential, and with effort and hard work from both partners, will bring new life to these 100-year-old oil fields," Vice President Yin Lifeng said in a statement.
China ZhenHua Oil is a subsidiary of state-owned North Industries Group, or Norinco, which is involved in the research and production of military equipment and weapons.
It operates 11
oil and
gas upstream projects in six countries, with gross production of close to 10 million mt/year, according to the company' s website.
China ZhenHua Oil is also in the fuel storage, transportation and refining business, with a trading desk in Singapore that supplies
gasoil to Myanmar.
superstartup ( Date: 11-Nov-2019 10:19) Posted:
I think he and the company bought into Interra for the Central Kalimantan Block.
Interra held onto this block since around 2011 or so, and it is only after China Zhenhua invested in Interra that we start to see activities (pre-exploration) on this block + Interra' s financials start to turn positive.
Trading halt + positive news from the KP-1 well, please.
" The unrisked prospective resources for the entire Block estimated as at 1 January 2019 by ERC Equipoise Pte Ltd are: low case of 67 million stock tanks barrels, best case of 305 mmstb and high case of 1,288 mmstb. If the drilling results of KP-1 are commercially successful, then these prospective resources may be upgraded and reclassified as reserves."
mustang ( Date: 11-Nov-2019 10:10) Posted:
| And he bot in the open market for himself. What message does it covey?? |
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We rave a double positive Friday.... DJ closing at all time high and crude oil shot up 2%.
Nice churning today.
Setting the base.
mustang ( Date: 15-Nov-2019 19:01) Posted:
Plenty of selling at T+4 today. I got from various broking houses likw dbs, limtan, uob, phillip, and ocbc. Surprisingly I dun have KE selling. Lets see if there are more selling on Monday. Enjoy the weekend break!
Huatsweeswee ( Date: 15-Nov-2019 16:42) Posted:
| Ya today those bought at 65-70 have to forcesell if not picking up |
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Plenty of selling at T+4 today. I got from various broking houses likw dbs, limtan, uob, phillip, and ocbc. Surprisingly I dun have KE selling. Lets see if there are more selling on Monday. Enjoy the weekend break!
Huatsweeswee ( Date: 15-Nov-2019 16:42) Posted:
| Ya today those bought at 65-70 have to forcesell if not picking up |
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