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SembCorp Marine- The new Frontier.

useless analyst :Adrian Loh

lorann      ( Date: 18-Dec-2020 09:40) Posted: UOBKH very orsim for the misleading mistake and for their own benefit.   Make sure UOBKH suffer delonlaw      ( Date: 18-Dec-2020 09:12) Posted: announcement coming. UOB mistakes is an opp to loaded.

 

UOBKH very orsim for the misleading mistake and for their own benefit.   Make sure UOBKH suffer

delonlaw      ( Date: 18-Dec-2020 09:12) Posted: announcement coming. UOB mistakes is an opp to loaded.

 

oil prices rise, touch 9-months high ☝ ️ brent 51.42

better      ( Date: 17-Dec-2020 20:45) Posted: Boom time for offshore oil and gas is here again. Delayed by 1 year due to Covid. Arriving now, just in time, together with the offshore wind mega boom.

 

Lai leow lai leow. Been red past few days.

delonlaw      ( Date: 18-Dec-2020 09:12) Posted: announcement coming. UOB mistakes is an opp to loaded.

 

announcement coming. UOB mistakes is an opp to loaded.

 

loaded 0.146

 

Me too...Hi everyone here😊

Brycal_88      ( Date: 17-Dec-2020 17:45) Posted: New chat room! Nice to see all friends here!

 

wow .... better to demerge to catch the wind of change " offshore wind mega boom"
spirit of excitement is in the air, it' s Christmas again. i am ready to scoop up more tomorrow 
scm is ready to ride the wind and sail into 2021 
more contracts 
 

 

Boom time for offshore oil and gas is here again. Delayed by 1 year due to Covid. Arriving now, just in time, together with the offshore wind mega boom.

 

Offshore Oil&rsquo s Dramatic Comeback-  Dec 16, 2020, 7:00 PM CST

During the 2014-2015 oil price collapse, offshore oil drilling was one of the most affected areas. Offshore drilling companies went bankrupt, exploration projects were shelved, and staff was laid off. And then oil companies turned to other ways of cutting costs, such as developing technological solutions that boosted drilling efficiency.

Five years after the last crisis, despite a heavy blow  to rig owners from the slump in oil demand, offshore drilling is very much alive and cheaper than ever. According to Rystad Energy,  the breakeven cost of offshore oil fell by about 30 percent between 2014 and 2018 and is now lower than the average breakeven for U.S. shale oil.

To date, according to Rystad Energy, deepwater oil is the second-cheapest in the world, after onshore Middle Eastern oil, whose breakeven price is around $30 per barrel. The average breakeven price for deepwater oil is $43 a barrel.

This is good news because most of the untapped oil reserves in the world are located offshore, and despite pessimistic demand forecast, many believe the world will continue needing dozens of millions of barrels of oil in the decades to come. Many, if not most, of these dozens of millions of barrels will be coming from offshore fields.

Boom time for offshore oil and gas is here again. Delayed by 1 year due to Covid. Arriving now, just in time, together with the offshore wind mega boom.

 

haha... the other one jinxed!
Here, we either apply Tiger balm or follow the better mahout to ride with the elephants.

Brycal_88      ( Date: 17-Dec-2020 17:45) Posted: New chat room! Nice to see all friends here!

 

New chat room! Nice to see all friends here!

 

Noted with thanks!

Still, professionals have to be careful. Imagine if someone goes to a doctor for an itch on his birdie and the doctor recommends to apply tiger balm. Or a second opinion doctor says to use a wire-brush! :((

better      ( Date: 16-Dec-2020 23:02) Posted: Essentially, UOB KH/s report is saying thatSMMt should be trading at 0.64x book value or 12+ cents per share. So when SMM is trading at 12 cents in November, they say the price is just about right, so HOLD. When SMM is trading at 17 cents last week, it is much higher than their calculated fair value, so SELL. They are entitled to have their opinion, just like anyone else. The only issue of couse is that the anayst did not get the Book value per share right. But so be it. The last 2 days selling has got nothing to do with the UOB KH report.

 

Yes, offshore oil and gas and offshore wind is entering the booming stage right about now. The Keppel's $600mil deal seems to be the one they announced 2 months sho. Just that now, they gave the name of the client and details. Looks like if Temasek is stingy and not wiibg to pay good price, the merger might not happen. Let's see.

ADS2200      ( Date: 17-Dec-2020 11:39) Posted: the holding on the price and keeping it in check, is like in anticipation of announcement. just like keppel corp for the longest time the wing of the price is kept. today when the news is released it went above 5.20, touching 5.40 soon

 

the holding on the price and keeping it in check, is like in anticipation of announcement.
just like keppel corp for the longest time the wing of the price is kept. today when the news is released it went above 5.20, touching 5.40 soon

 

Yup, agreed. CEO Wong paid $3.8mil for the rights shares at 20cents. Currently 25% discount to what he paid.

 

pre and post right exercise in sept 2020 would have taken the management much time for the demerger. 
now scm is a focused entity, they are actively tendering for projects. everything is intact and ready to chiong
18% discount from the recent peak 17.7c is awesome. 😜
chance to load up again.
hooray cheers 

 

last month nov report. 

The group is actively tendering for more than 10 projects, especially in the greener energy market segments such as renewable energy and gas solutions. It added that a similar number of tenders are also in progress for the process solutions segment.

Sembmarine said it is executing a total of S$1.78 billion of significant projects. Its repairs and upgrades business is also undertaking about S$330 million of ongoing jobs and new orders secured during the quarter.

Delivery dates for most of its existing projects have been rescheduled by between three to 12 months, but there has been no cancellation of any existing project to date, Sembmarine noted.

It said the completion of the  group' s S$2.1 billion rights issue  has strengthened its liquidity position and balance sheet. It is now focused on executing its projects and securing new orders.

 

crude oil price is at $48.38 now. keppel corp announced 

This comes after the conglomerate in October announced that it had  bagged a contract worth about S$600 million  for the engineering, procurement and construction of a vessel for the offshore renewable energy industry.

better      ( Date: 17-Dec-2020 09:47) Posted: Fresh reporrt from the oven (Offshore oil and gas is going to boom right now) To date, according to Rystad Energy, deepwater oil is the second-cheapest in the world, after onshore Middle Eastern oil, whose breakeven price is around $30 per barrel. The average breakeven price for deepwater oil is $43 a barrel. This is good news because most of the untapped oil reserves in the world are located offshore, and despite pessimistic demand forecast, many believe the world will continue needing dozens of millions of barrels of oil in the decades to come. Many, if not most, of these dozens of millions of barrels will be coming from offshore fields. Exxon is not the only one betting strongly on offshore exploration amid the pandemic. Brazil&rsquo s Petrobras is planning a focus on deepwater exploration and production for the next five years, the company said last month, when it also announced a downward revision to its spending program for the period. The Brazilian major  said  in a filing that it will spend $55 billion over the next five years, down by 27 percent in 2019. Of the total, 84 percent would go towards exploration and production, most of it in the prolific pre-salt zone, which is estimated to hold billions of barrels of undiscovered oil.

 

Clean energy is going to take a while to reach a level that it will replace oil. Just look at the forecast of availability of clean energy. So oil is going to be around for a while. SMM is going for both fronts. So when oil demand drops, clean energy demand goes up, SMM will be there. Hopefully one at least compensates the other. In my view, unless SMM screws up big time, the clean energy will more than compensate for its loss in the oil part.