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Oil Prices
21-06-2017, 04:15 PM,
Post: #1211
RE: Oil Prices
Offshore oil drilling which has a higher break even cost will face increased difficulty to survive if oil price stay lower for longer. This means offshore vessel builders and/or lessors such as Keppel, Semb Marine, and Mermaid will continue to suffer. The smaller support businesses such as MTQ, Ezion, and the numerous support vessel owners/builders will continue to suffer as well.

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21-06-2017, 08:23 PM,
Post: #1212
Oil Prices
It will be a very long winter for oil. I do wonder whether the local banks will see further impairment of loans. They are priced as if the offshore sector will not see further bankruptcies.

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21-06-2017, 08:56 PM, (This post was last modified: 21-06-2017, 08:57 PM by chialc88.)
Post: #1213
Rainbow  Kepcorp experiments
buying Kepcorp was a tough decision.

it was at it's lowest point and practically nobody wanted the stock.

From my trading records, the one and only purchase was done in Q1 2016,
reason: is something that I cannot disclose (ha ha, injected some suspends).

Collected 3 dividends and noticed that head winds to O&G is really strong.

It's like the entire world gang up to bully Singapore
erh... correction, O&G sector... I meant.

Sold last week (again one swing) as I foresee a long up-hill battle...
From heart to heart:

Namun apa yang ku dapatkan
Kau kini berpindah haluan

Kau berpindah hati
Dari hati ke hati
Sakit di hati
Tanpa kau fikirkan hatiku ini

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