Really so bad for O&G?
...its going to be even worse, once Irun n the other go full throttle....but gold will inch up..i guess
Really so bad for O&G?
...its going to be even worse, once Irun n the other go full throttle....but gold will inch up..i guess
i dont think gold price will inch up.
oil price will need few years to climb back to 60/70
but i think current price, 30++ a bit too low for oil price.
At the rate it's going, it's going to test the 20 handle soon........
Singapore Keppel Corp and SembMarine are in dire straits as their biggest client, Sete Brasil mulls bankruptcy filing sometime this month. Full story:
Sete Brasil is scaling down its 29-rig program to 15, of which 13 are from Keppel and SembMarine, with deliveries over 2015-2020.
After Sete Brazil files for bankruptcy, I forecast Keppel and SembMarine share prices to collapse down to $2.80 and 80c respectively.
My University of NY classmate was a senior director of RIG (Transocean) and I was fortunate to have his guidance.
He sold 500,000 of RIG in 2010 and is happily retired.
STI down 2% this morning, the STI has been sinking since the start of 2016.
You are a fucking idiot. Why will u post this on a forum? This is called Insider Training. U just implicated your friend and could get him into trouble. Gosh u are one fucking stupid idiot.
can oversold go oversolderer? ...keppel corp and semb corp. oversold la
You are a fucking idiot. Why will u post this on a forum? This is called Insider Trading. U just implicated your friend and could get him into trouble. Gosh u are one fucking stupid idiot.
Well done ... Keppel Corp has become Keppel Corpse and this morning I shorted 100 lots of Keppel Corpse at 5.70.
Well done ... Keppel Corp has become Keppel Corpse and this morning I shorted 100 lots of Keppel Corpse at 5.70.
Well done ... Keppel Corp has become Keppel Corpse and this morning I shorted 100 lots of Keppel Corpse at 5.70.
When STI was at 800 plus in 2008, RIG (Transocean) was US$155 and currently RIG is trading at US$10.75.
What so well done? You should have shorted it when it was $9+ in Apr last year.
Are you real or fake? STI went down to 800 during the 1990s asian financial crisis. It never even went close to 1000 in 2008.
...even during the worse crisis..STI at 800 +...keppel was $3+....I doubt sti will be down to that level this year...imo
In 08, oil prices were very high and oil exploration was ongoing. 1 rig costs abt 500mn. 13 is abt 6.5bn. Can both companies tahan this loss of sales and cost to built? Maybe Temasek have to intervene....