thought Qatar, Venezuela also agreed to freeze ?
Hard to say... Don't sell immediately when open. Can observe a while. Then set stop loss price
Iran not going to freeze out put of the oil... Will continue to see oversupply issue and will affect this counter right ?
Iran not going to freeze out put of the oil... Will continue to see oversupply issue and will affect this counter right ?
Okay.. I will cut my loss tomorrow... Thanks for the advice.
Tmr may see further down .
Gap Up and closed lower. This is quite negative . Tdy may see further selling pressure.
Kepcorp is due for a pull-back/retreat after this good impressive run-up ..http://sporeshare.blog spot.sg/2016/03/keppel-corp.html
Gap Up and closed lower. This is quite negative . Tdy may see further selling pressure.
Kepcorp is due for a pull-back/retreat after this good impressive run-up ..http://sporeshare.blog spot.sg/2016/03/keppel-corp.html
Keep. Don' t do irrational selling.
Just Bought at $6.08... Should I sell or hold?
Sete brasil declared bankruptcy and brasil government wash hand and let creditors take max losses hehe then another sell wave would come. Can come as double whammy if oil producers fail to agreed on freeze or cut, calm before the tsunami come time to pack off for holiday and wait out till destruction over. Tsunami estimated to land in 2q when buyers all out
Sete Brasil saga &ldquo about to get very ugly&rdquo : source
Forex losses are eating away at profits.
Sete Brasil' s vendors and sub-vendors are reeling from the effect of massive forex losses, a confidential source told Singapore Business Review.
The source, who worked for one of Keppel' s major vendors, said that analysts are overlooking the fact that the payment rates for the contracts were locked in at rates of around 1.75 Brazilian real to 1 US dollar or lower.
The Brazilian real has weakened considerably against the greenback in recent years, dragged by a sprawling corruption scandal and weak commodity prices. The currency is now trading at around 3.9 BRL to the USD.
&ldquo Although these vendors are providing the required local content [percentage] based on current Brazil import and industrialization rules, the majority of their cost base is still actually in USD or EUR. This is especially true on the SembMarine Drill Ship and Keppel Semis,&rdquo the source said.
