Rex Intl    Last:0.074    -0.005

The next chapter

Time to move up????.....

 

REX SUBSIDIARY LIME PETROLEUM TO ACQUIRE KUFPEC&rsquo S 10% INTEREST IN THE REPSOL-OPERATED YME FIELD IN NORWAY - COMPLETION

 

Looks like dejavu all over again.. rex was .26 around this time last year & shot up to .485 by mar this year.. will see if history repeat itself.. not expecting same high this year.. will happy to see 50% upside from current price.. Happy holidays to all! 

 

I think this is the best moment to buy more Rex shares at year low.. Good prospects lie ahead.. hope to hear some +ve news on early january on more oil discovery.. hopefully can produce more oil with potential higher oil price for next year.. DYODD..   

 

52-week low..............

 

Why don't just concentrate on drill oil project , drone need to burn money ,drill oil already burn so much of money from us, shareholders,why not just concentrate on oil searching ,why why why, make so many questions on that ,why

 

Rex has reported 1st Half 2022 Profits after tax of US$6.04m

On 9th Nov 2022, Rex reported their 3rd qtr expenditure was US$40,832m and projected 4th qtr expenditure will be US$56,962m 
In essense total est expenditure for 2nd Half 2022 will be US$107,794m
Rex has to generate a revenue of at least US$108m to break even at the end of 2nd half 2022

Has anyone been keeping track of Rex' s production for the 2nd half of 2022?
 

 

Yeah. I am also puzzled. Maybe some guru here can explain.

MtFaber      ( Date: 09-Dec-2022 10:03) Posted: If that is so, why Rex Int was allowed to pay their 1st Dividends? sengkang      ( Date: 09-Dec-2022 09:58) Posted: Companies are not allowed to pay dividends when they have accumulated losses in their balance sheet. Capital reduction is to clean up the balance sheet so as to start clean slate. Thus after this exercise, they can pay out fresh divvy from current earnings to comply with the companies act

 

If that is so, why Rex Int was allowed to pay their 1st Dividends?

sengkang      ( Date: 09-Dec-2022 09:58) Posted: Companies are not allowed to pay dividends when they have accumulated losses in their balance sheet. Capital reduction is to clean up the balance sheet so as to start clean slate. Thus after this exercise, they can pay out fresh divvy from current earnings to comply with the companies act. alantanqc89      ( Date: 09-Dec-2022 09:39) Posted: Rex capital share reduction to reduce accumulate loss. What does that mean? can anyone enlighten me?

 

Companies are not allowed to pay dividends when they have accumulated losses in their balance sheet.
Capital reduction is to clean up the balance sheet so as to start clean slate.
Thus after this exercise, they can pay out fresh divvy from current earnings to comply with the companies act.

alantanqc89      ( Date: 09-Dec-2022 09:39) Posted: Rex capital share reduction to reduce accumulate loss. What does that mean? can anyone enlighten me?

 

Rex capital share reduction to reduce accumulate loss. What does that mean? can anyone enlighten me?

 

???? Forget about it What happened

 

Today 23 ppl buy

 

HK considering doing away with mandatory covid testing on arrivals.
Now should consider oil related stocks as once HK consider full openings, China will be next in the pipe lines.

 

last week down is coz by US higher drill well and China covid, but what is the px needed for US drill to be profitable,
i remember many years back during Oil downturn is USD60, what you think for now? my guess USD72-75 range.
that should give you a feel of the px till new changes evolve. Meanwhile anything below 235 a bargain.
dyodd

 

Don' t forget that REX also started to drilled  well in the Yumna Field, starting from 11 Nov 2022. This 60-day exploration should end on 9 Jan 2023. Hopefully, they will find new oil sources, and announce accordingly.

With the new well, then REX can rump up its total oil productions.

ahberngh      ( Date: 30-Nov-2022 14:56) Posted: Oil embargo by EU on Russian oil on Dec 5 and EPEC meeting on Dec 4, these two events could determine big shifts in oil price.

 

that is why I am also changing job to be a weather forecaster...won' t be wrong one...no need KPIs

ysh2006      ( Date: 01-Dec-2022 05:36) Posted: A lot of analysts said oil price may go up in winter time .. but now winter almost past oil at one stage drop below $80 .. wehuattogether88      ( Date: 30-Nov-2022 14:44) Posted: Very quiet for Rex

 

A lot of analysts said oil price may go up in winter time .. but now winter almost past oil at one stage drop below $80 ..

wehuattogether88      ( Date: 30-Nov-2022 14:44) Posted: Very quiet for Rex

 

Oil embargo by EU on Russian oil on Dec 5 and EPEC meeting on Dec 4, these two events

could determine big shifts in oil price. 

 

 

Very quiet for Rex