Oil Prices

[jjlim84]

Looks like Singapore will be bruised quite badly in this oil downturn. Can't wait to see residential ppty foreclosure, vacant office, industrial and retail units. Boom time is probably over for Singapore

Hi CY09, perhaps I am slow, but I am not able to see the connection.
Some people in oil-related business may get retrenched, and out of these, some may get their property foreclosed if they are over-leveraged. But surely this will be a minority, out of total Singapore population. And why would low oil prices cause companies to vacate offices, factories, and retail units?
Could you elaborate more?

To provide few inputs into the doubt. More players, may exit Singapore, due to whatever reason(s)...

Another O&M player exits Singapore for Kuala Lumpur
03 Feb 2016 09:00
By Tan Hwee Hwee

IT used to be a tale of two cities with Singapore and Kuala Lumpur each competing to host regional headquarters for offshore and marine (OM) players. But against a backdrop of persistently low oil prices, fresh concerns have emerged over Singapore's competitiveness as an O&M hub, following a decision made by a fourth top-tier international subsea contractor to ship out most of its operations to Kuala Lumpur.

A fortnight ago, Oslo and Nasdaq-listed Subsea 7 reached a decision to move its regional headquarters to Kuala Lumpur from Singapore.
...
Source: Business Times

Maersk Line shuts Singapore office, moves Asia HQ to Hong Kong
SINGAPORE (Feb 3): Maersk Line will combine two regions in Asia and move its regional headquarters from Singapore to Hong Kong, in a restructuring that will result in 4,000 layoffs, Shipping Watch reported.

With the move, a number of functions will be discontinued at the Singapore office. Maersk Line's regional manager, Lars Mikael Jensen, has been posted back to the carrier's global HQ in Copenhagen.
...
http://www.theedgemarkets.com/sg/article...-hong-kong

Wow...a few O&M companies leaving and the oil price seems like the doom of the world for singapore, isn't this conclusion jumping a little too fast? While there are companies leaving, there are also companies setting up new bases here, i.e. new R&D centers, data centers etc.
I think it is in this kind of times, views can easily get afffected negatively

[swakoo]

Wow...a few O&M companies leaving and the oil price seems like the doom of the world for singapore, isn't this conclusion jumping a little too fast? While there are companies leaving, there are also companies setting up new bases here, i.e. new R&D centers, data centers etc.
I think it is in this kind of times, views can easily get afffected negatively

True, eg. Google on hiring drive to set up Singapore hub

[swakoo]

Another eg. Swiss chemical logistics firm launches $45m facility here

[swakoo]

And this: Singapore seen as regional hub for new platinum products

[crabcrab]

Oil jumps 8% as U.S. dollars tumbles

http://www.cnbc.com/2016/02/02/us-oil-fa...upply.html

[crabcrab]

IMHO, the market climate now may present an excellent opportunity for one to invest in the oil and gas sector at extreme low prices. Everyone is calling short on O&G. But we must not forget that the best buying opportunities presence when everyone else are fearing the market. The 'great short covering' in the oil and gas sector may come any time soon....

http://www.cnbc.com/2016/01/28/power-pla...nergy.html

[Life is a game]

erm but seriously there is still a great supply of oil out there and with the slowdown of consumption and business activities in the EMs, there is still some catchup to do. why not use the cash to invest other good companies with dividends first then buy in when trend reverse for o&g.

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[crabcrab]

erm but seriously there is still a great supply of oil out there and with the slowdown of consumption and business activities in the EMs, there is still some catchup to do. why not use the cash to invest other good companies with dividends first then buy in when trend reverse for o&g.

Sent from my SM-N9005 using Tapatalk

Nobody can catch the market bottom. by the time when we notice a trend reversal, we may prepare to pay significant premium within a few days of difference..

[Life is a game]

erm but seriously there is still a great supply of oil out there and with the slowdown of consumption and business activities in the EMs, there is still some catchup to do. why not use the cash to invest other good companies with dividends first then buy in when trend reverse for o&g.

Sent from my SM-N9005 using Tapatalk

Nobody can catch the market bottom. by the time when we notice a trend reversal, we may prepare to pay significant premium within a few days of difference..

I think it's more of opportunity cost for me than wanting to catch market bottom.

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[Bibi]

erm but seriously there is still a great supply of oil out there and with the slowdown of consumption and business activities in the EMs, there is still some catchup to do. why not use the cash to invest other good companies with dividends first then buy in when trend reverse for o&g.

Sent from my SM-N9005 using Tapatalk

Nobody can catch the market bottom. by the time when we notice a trend reversal, we may prepare to pay significant premium within a few days of difference..

I think it's more of opportunity cost for me than wanting to catch market bottom.

Sent from my SM-N9005 using Tapatalk

Some other pp might think. Seriously, the entire market is in down trend. Why not put cash in fix d then buy in when the market trend reverse?
When the general market trend is down, all stocks regardless of good or bad will also go down.