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1661-1680 of 1924
Me too, FIFO,
earn small money accumulate wealth like dividendwarrior knn his portfolio very hiong
Octavia ( Date: 19-Jul-2013 09:26) Posted:
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Abt the same.I FIFO and hope to make second profit.
Let see.
muifan ( Date: 19-Jul-2013 09:23) Posted:
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525-530
how about you bro?
Octavia ( Date: 19-Jul-2013 09:22) Posted:
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muifan ( Date: 19-Jul-2013 09:19) Posted:
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tug of war at 50cens , lets see who will win !
huat ah!
Octavia ( Date: 18-Jul-2013 20:44) Posted:
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Bro Medivh,are you giving me a hint?
Can I know yr TP?
medivh ( Date: 18-Jul-2013 21:11) Posted:
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medivh ( Date: 06-Feb-2013 08:58) Posted:
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Thank you Sista.
Are you vested too?
halleluyah ( Date: 18-Jul-2013 20:08) Posted:
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Octavia ( Date: 18-Jul-2013 17:07) Posted:
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Closed up+3.
shortist caught with their panties down..i think..
great for the breakout..
Big vol today.
Buyer (27.6M) vs seller(11.6M) now.
Hope tmr can continue the bullishness.
Octavia ( Date: 18-Jul-2013 09:25) Posted:
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Strong volume today.
Up +2c
Interra Resources has completed the drilling of the YNG 3255 well in the Yenangyaung oil field in Myanmar as an oil producer, with a stable 75 bopd. YNG 3255 marks the 6th well drilled in Yenangyaung field and the 11th drilled in the Myanmar asset in 2013, all of which have been completed as oil producers. Interra has a 60% interest in theYenangyaung field and also owns 60% of Goldpetrol, the operator of the field
MYANMAR Drilling Update: YENANGYAUNG Development Well YNG 3254 completed as an oil producer.
Myanmar_Drilling_Update-Chauk_Devt-Well_YNG3254_Completed_as_an_Oil_Producer.pdfretsel ( Date: 05-Jun-2013 10:14) Posted:
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SHOCKING to see DBS analyst recommending a 40x PE stock?????????????????? he/she should be fired!
Largest onshore oil producer in
Myanmar (DBS)
•
assets mainly in production phase
Oil & gas proxy in Myanmar and Indonesia with•
growth potential further upside from
exploration assets and bids for new licences
Significant production ramp up to drive nearterm•
moderate risk return
Fair value implies 12% potential upside andThe Business
Largest onshore oil producer in Myanmar with 40% market
share. Interra Resources (ITRR) is an oil & gas exploration and
production company with two producing fields in central
Myanmar and two producing fields and one exploration site in
Indonesia. The company currently has about 24.6m barrels of 2P
(proven + probable) reserves and its wells produced close to 1m
barrels of oil last year. Myanmar is the key earnings contributor
at 86% of FY12 EBITDA. ITRR has been in Myanmar since 1996.
Near term growth from higher production, further upside from
exploration. Based on ITRR’s expanded drilling program, oil
production will accelerate over the next five years to drive 24%
earnings CAGR over FY12-14. In the medium term, we see
upside potential from ongoing exploration in Indonesia,
extension of existing contracts, and bidding for new licences.
There is also preliminary discovery of gas in Myanmar which
could be an earnings wildcard if proven material.
The Stock
What is fair value for the stock? We value ITRR at 10% discount
to global comparables’ EV/ reserves multiple of about 18x to
derive a fair value of S$0.57 (details in report).
Dependent on oil prices, ability to renew Indonesia contracts.
Besides changes in oil prices and inherent execution risks in E& P
projects, ITRR’s inability to renew its contracts in Indonesia
would adversely affect earnings and valuation.
At A Glance
Issued Capital (m shrs) 446
Mkt. Cap (S$m/US$m) 227 / 182
Major Shareholders
Saratoga Equity Partner (%) 17.8
Sumodikoro Subianto ARPAN (%) 11.8
Free Float (%) 70.4
Avg. Daily Vol.(‘000) 9,220