Tuesday, January 20, 2015
Friday, January 16, 2015
Monday, January 12, 2015
The bank cut its forecasts for global benchmark crude prices, predicting inventories will increase over the first half of this year, according to an e-mailed report. Excess storage and tanker capacity suggests the market can run a surplus far longer than it has in the past, said Goldman analysts including Jeffrey Currie in New York.
The U.S. is pumping oil at the fastest pace in more than three decades, helped by a shale boom that’s unlocked supplies from formations including the Eagle Ford in Texas and the Bakken in North Dakota. Prices slumped almost 50 percent last year as the Organization of Petroleum Exporting Countries resisted output cuts even amid a global surplus that Qatar estimates at 2 million barrels a day.
“To keep all capital sidelined and curtail investment in shale until the market has re-balanced, we believe prices need to stay lower for longer,” Goldman said in the report. “The search for a new equilibrium in oil markets continues.”
West Texas Intermediate, the U.S. marker crude, will trade at $41 a barrel and global benchmark Brent at $42 in three months, the bank said. It had previously forecast WTI at $70 and Brent at $80 for the first quarter"...read more
Posted by Stephen at 5:55 PM
Thursday, January 1, 2015
As KRONO market price sinks to new lows, even below its IPO price of 29 sen, it is timely to be reminded of the following...
"Kronologi is no fly-by-night company. It’s been around for 12 years, with its forte in EDM infrastructure technology where it services the likes of Starhub in Singapore, Public Bank Bhd in Malaysia, PTT Exploration and Production Public Company Ltd in Thailand, Philippine Long Distance Telephone Company in the Philippines and companies within the Pertamina Group in Indonesia.
Earnings-wise, Kronologi has been growing, especially in the last three years.
Since its financial year Dec 31, 2011 (FY11), revenue had grown from RM32.78mil to RM42.17mil in FY13, representing a compounded growth of 13.43%.
During that period, net profit was almost unchanged from RM5.47mil to RM5.56mil due to the company’s expansion to new markets.
For the six months to June 30, 2014, revenue already stood at RM28.1mil on a profit of RM3.41mil." [Source]
Posted by Stephen at 10:14 PM