Rex Intl    Last:0.074    -0.005

The next chapter

Hope Ret will catch up with RH Petrogas as FY2022 results approaches?. Usually this stock is higher then RH Petrogas!

 

Rex Intl is in snooze mode....price shld be at 0.3x. Management need to buck up for their " overlook" on the " maintainence" issue that casued the revernue nose dive.     

 

Increase a bit. Mmm I tot RH petrol share price rise is not surprising due to recent announcements, which affect market sentiment, and prices move up accordingly..

https://www.reuters.com/business/energy/russia-cut-oil-output-by-500000-bpd-march-2023-02-10/
https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/020423-saudi-energy-minister-cautious-on-oil-production-warns-on-investment-outlook-and-geopolitics

 

Oil price didn't go up how to go up ?....but RH petrol also oil stock can go ,why ?

wunderland      ( Date: 13-Feb-2023 18:17) Posted: Aiyooooo Rex is kooning for a long time ahhhhh....time to wake up and climb!!! Goodness... even Dyna Mac is moving forward....

 

Aiyooooo Rex is kooning for a long time ahhhhh....time to wake up and climb!!! Goodness... even Dyna Mac is moving forward....

 

Go go go

 

Wow RH chiong faster then u

 

This is an exploration well,  thus the drilling is just to confirm if there is oil at the targeted zone.  Not as much as what was expected.  The well was plugged.   

In other words,  no production of this well, thus no income.  Most probably Aker-BP will only start producing when they start development of the well, which could be a year or 2 down the road.

The volume of 500,000 to 1.4 cubic metre is for the whole well.  LMA' s (Rex' s subsidiary) share is only 20%.  Guess that is was they will get in dividends from this well when it is producing...

piscesmonkey      ( Date: 10-Feb-2023 21:04) Posted: Preliminary volume calculations indicate between 500,000 to 1.4 million cubic metre of recoverable oil equivalents. http://www.theedgesingapore.com/news/oil-gas/rex-subsidiary-partakes-north-sea-oil-discovery

 

Rex int when oil price went to $100 still no movement 😑

boyboy61      ( Date: 10-Feb-2023 17:07) Posted: Oil reaching $87 but still no movement for Rex...... piscesmonkey      ( Date: 10-Feb-2023 16:50) Posted: Oil up +2.20%

 

Preliminary volume calculations indicate between 500,000 to 1.4 million cubic metre of recoverable oil equivalents.

http://www.theedgesingapore.com/news/oil-gas/rex-subsidiary-partakes-north-sea-oil-discovery

 

Oil reaching $87 but still no movement for Rex......

piscesmonkey      ( Date: 10-Feb-2023 16:50) Posted: Oil up +2.20%

 

Oil up +2.20%

 

Would be wise to join the other has. The R and the H. The gap is now almost non existent already. Soon that one will surpass Rex. Rex will be Rex chicken rice.... ha ha ha...

 

Not suprising with all the downtime for maintenance. 2nd H 2022 should be bad based on the price action.
Question is: Is this accumulation or distribution time? 

boyboy61      ( Date: 09-Feb-2023 11:35) Posted: Super disappointed...

 

Super disappointed...

 

Oil settles up for third day as interest rate concerns ease

http://www.reuters.com/markets/commodities/oil-climbs-3rd-day-subdued-dollar-us-crude-stocks-drop-2023-02-08/

 

Oil may hit US$100 amid China reopening, Iran' s Opec official says

 

Any news on the deep exploration well?

 

not moving markets.. just continue to wait..

piscesmonkey      ( Date: 08-Feb-2023 07:57) Posted: Oil surges more than 3% as Fed' s Powell eases rate hike concerns http://www.reuters.com/markets/commodities/oil-rises-supply-concerns-china-demand-outlook-brightens-2023-02-07/

 

Oil surges more than 3% as Fed' s Powell eases rate hike concerns

http://www.reuters.com/markets/commodities/oil-rises-supply-concerns-china-demand-outlook-brightens-2023-02-07/