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Oil
Mar 31, 2015 11:55:37 GMT 7
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Post by zuolun on Mar 31, 2015 11:55:37 GMT 7
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Oil
Apr 4, 2015 4:06:04 GMT 7
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Post by zuolun on Apr 4, 2015 4:06:04 GMT 7
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Oil
Apr 8, 2015 20:22:17 GMT 7
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Post by zuolun on Apr 8, 2015 20:22:17 GMT 7
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Oil
Apr 10, 2015 16:28:10 GMT 7
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Post by zuolun on Apr 10, 2015 16:28:10 GMT 7
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Post by zuolun on Apr 10, 2015 22:28:58 GMT 7
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Oil
Apr 12, 2015 21:06:46 GMT 7
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Post by zuolun on Apr 12, 2015 21:06:46 GMT 7
Iran deal moves oil closer to long bear market ~ 7 Apr 2015 Why oil could be facing a 20-year bear market ~ 27 Mar 2015 Oil heads toward bear market as glut sends price to 6-year low ~ 16 Mar 2015 Oil prices to hover at US$50-US$70 for next three years: CIMBBy Frankie Ho 10 Apr 2015 Oil prices will enter into a “semi-permanent lower range” of US$50 to US$70 a barrel for the next three years and could follow a W-shaped path within this band, making it harder for oil companies to plan investments and budgets, according to CIMB. “Oil price volatility is negative for oil companies as it makes planning trickier and more difficult,” CIMB analysts Lim Siew Khee and Yeo Zhi Bin wrote in a note. “Moreover, a lower capex budget pinned to a lower range of oil prices implies that unconventional sources of oil & gas such as deepwater, oil sands, Arctic and LNG projects would be capped.” As far as offshore oil and gas companies listed in Singapore are concerned, the end of a low-volatility oil-price cycle means growth and returns will be lower than expected, they said, adding that stocks in the sector will also face “longer-term de-rating”. “With a view that oil prices would be at a lower range and that offshore and marine asset classes are suffering from various degrees of oversupply, we deem that a multiples reversion (to the five-year mean) for our O&M universe is unlikely in the next two to three years.” Still, there could be trading opportunities in the near term, they said, noting that oil prices could bottom out within the next three months. “Studying the previous downturns in oil, we believe that there could be 10% to 20% upside from price returns from oil equities in 3Q15, if oil prices were to trough in 2Q. “Contrary to intuitive thinking, it is not necessary for oil equities to rally only after the commodity has turned.” In any case, small-and mid-cap oil service providers offer greater value than the rig builders, they said. “Following the jack-up rig boom in 2011-14, we believe that the rig builders could face an order drought. “For the more ubiquitous offshore support vessel sub-segment, we believe that industry consolidation could take place and the stage is set for the survival of the fittest.” CIMB’s preferred stocks are Ezion and Pacific Radiance. It has an “add” rating on both companies and respective price targets of $1.51 and 95 cents.
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Oil
Apr 22, 2015 15:39:52 GMT 7
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Post by zuolun on Apr 22, 2015 15:39:52 GMT 7
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Post by zuolun on Apr 25, 2015 10:38:23 GMT 7
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Oil
May 1, 2015 19:35:06 GMT 7
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Post by zuolun on May 1, 2015 19:35:06 GMT 7
Oil producers’ sale of future output puts a lid on price gains ~ 30 Apr 2015 WTI crude rally above $54 driven by short-covering ~ 27 Apr 2015 WTI crude net-long jumps by 15.6%The break above $54 resistance on WTI crude on April 15 triggered a another jump in bullish bets. The combined net long position of WTI traded on the Nymex and ICE exchanges rose by 41,000 lots. However, the break higher in price failed to attract new longs with almost all of the buying being driven by short-covering. Not to say that short-covering cannot drive this rally higher but it does raise some questions about the sustainability of the move with funds reluctant to increase exposure further at this stage.
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Oil
May 3, 2015 9:03:51 GMT 7
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Post by zuolun on May 3, 2015 9:03:51 GMT 7
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Oil
May 6, 2015 11:14:20 GMT 7
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Post by zuolun on May 6, 2015 11:14:20 GMT 7
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Post by zuolun on May 12, 2015 22:31:55 GMT 7
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Post by zuolun on May 25, 2015 6:06:12 GMT 7
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Post by zuolun on May 26, 2015 21:44:37 GMT 7
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Oil
May 30, 2015 5:49:30 GMT 7
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Post by zuolun on May 30, 2015 5:49:30 GMT 7
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