Any interim dividend?
I like surprises.
? ? ?
For me, the most important is for oil px to normalise. But of course, if the incumbent is forced out, establishment of strong sustained political leadership with foresight to help put the house in order for the various sectors of the economy n further clamp down corruption wld likely have an indirect impact.
CNBC: The Brazilian Senate voted on Thursday in favor of putting President Dilma Rousseff on trial for breaking budget laws by 55 votes to 22..
Rousseff was chairwoman of Petrobras when much of the graft occurred, but she has not been accused of corruption. She stands charged with manipulating government accounts to disguise the size of Brazil' s fiscal deficit to allow her to boost public spending during her 2014 re-election campaign.Does this news has impact on Keppel Corp and Sembcorp? Any comments?
For me, the most important is for oil px to normalise. But of course, if the incumbent is forced out, establishment of strong sustained political leadership with foresight to help put the house in order for the various sectors of the economy n further clamp down corruption wld likely have an indirect impact.
CNBC: The Brazilian Senate voted on Thursday in favor of putting President Dilma Rousseff on trial for breaking budget laws by 55 votes to 22..
Rousseff was chairwoman of Petrobras when much of the graft occurred, but she has not been accused of corruption. She stands charged with manipulating government accounts to disguise the size of Brazil' s fiscal deficit to allow her to boost public spending during her 2014 re-election campaign.Does this news has impact on Keppel Corp and Sembcorp? Any comments?
CNBC: The Brazilian Senate voted on Thursday in favor of putting President Dilma Rousseff on trial for breaking budget laws by 55 votes to 22..
Rousseff was chairwoman of Petrobras when much of the graft occurred, but she has not been accused of corruption. She stands charged with manipulating government accounts to disguise the size of Brazil' s fiscal deficit to allow her to boost public spending during her 2014 re-election campaign.
Does this news has impact on Keppel Corp and Sembcorp? Any comments?
I am not an analyst.
I din know the size of a person' s car equal to his brain....hmmmm wonder wat car you driving...haha
If an analyst take public transport or drive a small car to work, why should we listen to him/her. If they are that good, they should be driving big and flashy cars right?
How to well in Brazil when you are not being paid for what you do and also you are not sure if your customer will take delivery of asset or not and there is no one to look for at the end customer to know the fate of those projects? SETE is on the brink of bankruptsy and if Petrobras does not bail that out all these guys are sunk. These assets cannot be easily sold to others as they are made for cabotage market with local content! This is like a storm in your tea cup.
I din know the size of a person' s car equal to his brain....hmmmm wonder wat car you driving...haha
If an analyst take public transport or drive a small car to work, why should we listen to him/her. If they are that good, they should be driving big and flashy cars right?
" it is hard to see how Keppel Corporation& rsquo s operations in Brazil can do well this year." Removing his pants to fart? Obvious isn' t it? No payment, now work. No work how to do well in Brazil this yr? Even a three yr-old kid will make a joke out of it. KC has already said - it' s re-directing its resources to other areas. How can we ever trust media pieces? Some are so shambolic n meaningless. Yet, some are quickly seized upon n pasted here to satisfy some burning desire to recite KC' s demise.
http://www.theweek.co.uk/oil-price/60838/oil-price-to-be-dragged-down-by-more-saudi-pumping
Oil price to be dragged down by more Saudi pumping
May 11, 2016
Brent crude takes a step back from its latest upturn after reports of inventories rising again
Fayez Nuraldine/Getty
The oil price remaining " lower for longer" is now " highly likely" , says CNBC, after Saudi Arabia ramped up its reform agenda.
The kingdom has replaced its veteran oil minister, Ali al-Naimi, with Khalid al-Falih, the chairman of state-owned oil company Saudi Aramco, who is close to reforming Crown Prince Mohammad bin Salman and has already indicated the kingdom will continue to prioritise market share over prices.
Yesterday, Aramco itself, which has a monopoly on all Saudi oil reserves, announced it will expand its output ahead of a planned minority flotation that would make it the largest quoted company in the world, with a valuation of as much as £ 1.39trn.
The Times notes in particular that it has set out plans to " increase the output of its Shaybah field in the southeast to one million barrels a day, from 750,000 barrels, by the end of the year" . This will allow Saudi Arabia " to maintain total output capacity at 12 million barrels a day, about 13 per cent of global production" .
Calls for restraint from other members of the Opec cartel, of which Saudi Arabia is the de facto leader, have seemingly fallen on deaf ears and a tentative deal to freeze supply levels is now off the table.
The proceeds of the Aramco listing and the oil capacity surge will fund a shift away from a dependence on oil and gas revenues. Saudi rulers are apparently prepared to tolerate oil at persistently low levels as it can still export profitably.
Saudi Arabia oil minister sacked in major cabinet reshuffle
Supply issues are dominating the market and caused oil to fall back from its latest modest upswing on Tuesday. An industry report suggested US crude oil reserves rose again last week, while the drop of 1.5 million barrels a day from Canada due to the Alberta wildfires is now expected to be very short-lived.
In addition, there is evidence that the turf war among Middle East rivals is hitting prices in key Asian markets.
" Iran has set its June official selling prices for heavier crude grades it sells to Asia at the biggest discounts to Saudi and Iraqi oil since 2007-2008," Reuters reports.
International benchmark Brent crude fell back below $45 a barrel in London this morning.
