Chemoil Energy

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#1
CHEMOIL EXPECTS STRONG FIRST QUARTER 2011 PROFITS

http://info.sgx.com/webcoranncatth.nsf/V...penelement

Chemoil has guided a 1Q NPAT of at least US$20 million due to stronger volume and margins. Has Glencore managed to turn this company around ?

(Not Vested)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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#1
CHEMOIL EXPECTS STRONG FIRST QUARTER 2011 PROFITS

http://info.sgx.com/webcoranncatth.nsf/V...penelement

Chemoil has guided a 1Q NPAT of at least US$20 million due to stronger volume and margins. Has Glencore managed to turn this company around ?

(Not Vested)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
Reply
#2
I noticed that Glencore had boosted its stake to 89.04%.

http://info.sgx.com/webcorannc.nsf/Annou...endocument

Not Vested
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
Reply
#2
I noticed that Glencore had boosted its stake to 89.04%.

http://info.sgx.com/webcorannc.nsf/Annou...endocument

Not Vested
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
Reply
#3
Didn't read through the company deeply but one thing has caught my attention.

Their current borrowing doubled for the last quarter!

*not vested*
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#3
Didn't read through the company deeply but one thing has caught my attention.

Their current borrowing doubled for the last quarter!

*not vested*
Reply
#4
Why is glencore not required to make GO?
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#4
Why is glencore not required to make GO?
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