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Oil will be in heavy demand with many parts of the world now experiencing coldest winter in history.
piscesmonkey ( Date: 28-Dec-2021 14:39) Posted:
| Let see tonight brent oil going above $80? |
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Let see tonight brent oil going above $80?
Close 310 today?
lailai ( Date: 28-Dec-2021 14:28) Posted:
Think another breakout at 30.5 b4 mkt close for tdy.
BBs alrdy did 2x: once at 29.5 during tea break once at 30.0 after lunch break, and another one hopefully coming at 30.5 just b4 pc break.
Don play play with BBs when they are in the mood to pump. Just don chase cos dunno when he will distribute.
Ytd wan to buy 28.5 nonid to q, tdy at 30.0 also hard to q cos got 2.4m ahead, jfi. What a laugh.
piscesmonkey ( Date: 28-Dec-2021 13:30) Posted:
| Breakout 30cents with huge vol. Going up liao |
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Think another breakout at 30.5 b4 mkt close for tdy.
BBs alrdy did 2x: once at 29.5 during tea break once at 30.0 after lunch break, and another one hopefully coming at 30.5 just b4 pc break.
Don play play with BBs when they are in the mood to pump. Just don chase cos dunno when he will distribute.
Ytd wan to buy 28.5 nonid to q, tdy at 30.0 also hard to q cos got 2.4m ahead, jfi. What a laugh.
piscesmonkey ( Date: 28-Dec-2021 13:30) Posted:
| Breakout 30cents with huge vol. Going up liao |
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WTI going break 76 and chiong up soon.
Breakout 30cents with huge vol. Going up liao
Double bottom formation... Buy signal?
Blink Blink
Flying up liao
Oil prices rise to highest level in a month as Omicron concern eases
28 Dec 2021 06:41
[NEW YORK] Oil prices rose more than 2 per cent on Monday to the highest level since late November on hopes that the Omicron coronavirus variant will have a limited impact on global demand in 2022, even as surging cases caused flight cancellations.
Global benchmark Brent crude rose US$2.46, or 3.2 per cent, to settle at US$78.60 a barrel. US West Texas Intermediate (WTI) crude rose US$1.78, or 2.4 per cent, to settle at US$75.57 a barrel.
http://www.businesstimes.com.sg/energy-commodities/oil-prices-rise-to-highest-level-in-a-month-as-omicron-concern-eases
Market Update: Tuesday 21 December 2021
Rex International Holding* (5WH SGX): Lime closes Brage acquisition, Norway
Rex International Holding* (5WH SGX): Lime closes Brage acquisition, Norway
Share price: SGD 0.26, Market Cap: US$348m
STRONG BUY &ndash SGD 0.62 TP
&bull Rex has confirmed that its 90% subsidiary, Lime Petroleum, has received approval from the Norwegian authorities, for its acquisition of 33.8434% of the Brage Field.
&bull With this approval, the acquisition is expected to be completed by 31 December 2021.
&bull The effective date of the acquisition, upon completion, will be deemed to have taken place on 1 January 2021, as is the norm for transactions in the Norwegian Continental Shelf.
Our take: The rise in oil prices will have a positive effect on the Brage transaction adding c.3,440boepd net to the Rex&rsquo s current oil production in Oman and Lime Petroleum&rsquo s (Rex 90% WI) revenue from its share of production from the Brage Field, with effect from 1 January 2021. This will be added to Rex&rsquo s books for the financial year ending 31 December 2021. Significantly, we also note that Lime&rsquo s deferred tax assets and tax refund receivables will total c.US$77m. Underlining the swift pay back metrics for this transaction, for FY20 at subdued commodity pricing, Brage yielded c.US$21m of net profit from its 33.84% interest in the Brage Field. Our valuation of Lime&rsquo s interest in the Brage Field infers a risked value of c.US$134m.
*SP Angel acts as Corporate Broker to Rex International Holding
i dont think 2-3 months can see any gain. that' s my own personal opinion
lailai ( Date: 22-Dec-2021 16:26) Posted:
Think if not so ambitious, but satisfied with 20-30% gain, if get now at 27c, and tahan within 2-3 months, shd be able to. Don think OPEC+ will ruin their earnings by dramatically increase supply during this covid period lah.
Just opinion. Not asking contras to venture and kena as usual.
MakeChanges ( Date: 22-Dec-2021 15:54) Posted:
| you can try to buy if you can tahan hold. a few year |
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Think if not so ambitious, but satisfied with 20-30% gain, if get now at 27c, and tahan within 2-3 months, shd be able to. Don think OPEC+ will ruin their earnings by dramatically increase supply during this covid period lah.
Just opinion. Not asking contras to venture and kena as usual.
MakeChanges ( Date: 22-Dec-2021 15:54) Posted:
you can try to buy if you can tahan hold. a few years
lailai ( Date: 22-Dec-2021 15:52) Posted:
Actually the best time to buy is when it got no strength, otherwise how to buy an oil kongsi at 26.5/27.0, when it alrdy got production profits coming day by day. Not forgetting Brent is 74+ now, not 20+ in early 2020.
Esp when MB transfer otw, div also on the way, and result also otw.
Best time to pick is to follo BBs pick when their kks toss the price down, like now lidat. Otherwise how to pick oily gems at 26.5/27.0. What a J! |
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Oil Up Over Big U.S. Crude Supply Draw, Chinese Economy Stabilization Efforts
you can try to buy if you can tahan hold. a few years
lailai ( Date: 22-Dec-2021 15:52) Posted:
Actually the best time to buy is when it got no strength, otherwise how to buy an oil kongsi at 26.5/27.0, when it alrdy got production profits coming day by day. Not forgetting Brent is 74+ now, not 20+ in early 2020.
Esp when MB transfer otw, div also on the way, and result also otw.
Best time to pick is to follo BBs pick when their kks toss the price down, like now lidat. Otherwise how to pick oily gems at 26.5/27.0. What a J!
MakeChanges ( Date: 22-Dec-2021 12:08) Posted:
| no sign of strength how to buy? lo |
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Actually the best time to buy is when it got no strength, otherwise how to buy an oil kongsi at 26.5/27.0, when it alrdy got production profits coming day by day. Not forgetting Brent is 74+ now, not 20+ in early 2020.
Esp when MB transfer otw, div also on the way, and result also otw.
Best time to pick is to follo BBs pick when their kks toss the price down, like now lidat. Otherwise how to pick oily gems at 26.5/27.0. What a J!
MakeChanges ( Date: 22-Dec-2021 12:08) Posted:
no sign of strength how to buy? lol
bernardc ( Date: 22-Dec-2021 11:38) Posted:
| Wah..Brent above 74...
Buy liaow..why are you waiting for 80??.
Huart to all..Christa's comes early...n next week is window dressing week..
Dyod. |
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since beginning of the week already can tell rex cmi
lailai ( Date: 22-Dec-2021 14:55) Posted:
Wat a J!
Brent shot up, Dow surge up, but R dive down.
Currently 26.5/27.0. Those who bought at 27 and above kena from shorties again. Whatodo. Sian liao.
MakeChanges ( Date: 22-Dec-2021 12:08) Posted:
| no sign of strength how to buy? lo |
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Wat a J!
Brent shot up, Dow surge up, but R dive down.
Currently 26.5/27.0. Those who bought at 27 and above kena from shorties again. Whatodo. Sian liao.
MakeChanges ( Date: 22-Dec-2021 12:08) Posted:
no sign of strength how to buy? lol
bernardc ( Date: 22-Dec-2021 11:38) Posted:
| Wah..Brent above 74...
Buy liaow..why are you waiting for 80??.
Huart to all..Christa's comes early...n next week is window dressing week..
Dyod. |
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no sign of strength how to buy? lol
bernardc ( Date: 22-Dec-2021 11:38) Posted:
Wah..Brent above 74...
Buy liaow..why are you waiting for 80??.
Huart to all..Christa's comes early...n next week is window dressing week..
Dyod..
s100125 ( Date: 22-Dec-2021 11:11) Posted:
Not to worry, only those on contra & not going long are the one who worry.
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Think the mainboard news soon be coming soon liao. This friday? Or next week?
bernardc ( Date: 22-Dec-2021 11:38) Posted:
Wah..Brent above 74...
Buy liaow..why are you waiting for 80??.
Huart to all..Christa's comes early...n next week is window dressing week..
Dyod..
s100125 ( Date: 22-Dec-2021 11:11) Posted:
Not to worry, only those on contra & not going long are the one who worry.
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