Easy cash for oil explorers will prolong the supply glut that has slashed prices and profits by buoying companies that otherwise would shrink or die, said Occidental Petroleum Corp. Chief Executive Officer Stephen Chazen.

In previous oil-industry busts, producers had to rely on loans to survive because they were shut out of capital markets, Chazen said at the IHS CERAWeek event in Houston on Monday. This time around, oil companies have a host of alternative financing available from the bond and equity markets, as well as private equity firms and hedge funds, he said.

“In the past cycles the industry was kept out of the capital markets -- they couldn’t sell stock and they couldn’t sell debt really, and the banks sort of bailed them out,” Chazen said. “There’s a lot of new money out there. That’s what’s different.”

The life support provided to the weakest players in the petroleum sector will slow the reduction in output required to re-balance oil markets and allow prices to begin recovering, he said.

Chazen, 68, said oil prices appear likely to average $60 a barrel over the medium term.

we hv AA india, japan, philipine, thai n indon, AA flies within china under which associate ???

down 3 cts again ? : )

AA up 3 cts, down 3 cts, : )

1st resistance at 2.27, next, 2.33, enjoy

sold the balance 20% at 2.70, cleared, thank you skpetro

sold 80%, bal 20%, wait and see, : )

Q another 20% at 2.58, 20% at 2.62

sold 50% at 2.52, : )

AdCool, wondering how many lot do u hv, : )

once first resistance at 2.27 breached, next 2.33 will tested, enjoy !!!

strong resistance at 2.27

sifus or seafood ??? ha ha ha

totally agree with ckm5133

wait and see : )

immediate resistance at 2.25, next, 2.32, enjoy the games, : )

wow, today panic selling ? 2.22

with new ceo, FGV going to breach 2.30, just matter of time

my concern is FGV so many litigation cases, : )

2.8 even better, : )

agreed

just wait and see, : )

Iran and world powers extended talks aimed at ending the 12-year standoff over the Islamic Republic’s nuclear program into an eighth day with the U.S. indicating progress toward an agreement.

Diplomats negotiated all night in Lausanne, Switzerland and will reconvene at about 9:00 a.m. local time, U.S. spokeswoman Marie Harf said. The U.S. State Department said late Wednesday that enough progress had been made in meetings between Secretary of State John Kerry and his Iranian counterpart Mohammad Javad Zarif to warrant continuing talks.

Iran and world powers extended talks aimed at ending the 12-year standoff over the Islamic Republic’s nuclear program into an eighth day with the U.S. indicating progress toward an agreement.

Diplomats negotiated all night in Lausanne, Switzerland and will reconvene at about 9:00 a.m. local time, U.S. spokeswoman Marie Harf said. The U.S. State Department said late Wednesday that enough progress had been made in meetings between Secretary of State John Kerry and his Iranian counterpart Mohammad Javad Zarif to warrant continuing talks.

Iran and world powers extended talks aimed at ending the 12-year standoff over the Islamic Republic’s nuclear program into an eighth day with the U.S. indicating progress toward an agreement.

Diplomats negotiated all night in Lausanne, Switzerland and will reconvene at about 9:00 a.m. local time, U.S. spokeswoman Marie Harf said. The U.S. State Department said late Wednesday that enough progress had been made in meetings between Secretary of State John Kerry and his Iranian counterpart Mohammad Javad Zarif to warrant continuing talks.

profit taking and forceselling ???

y drop so much today.....

month end window dressing, : )

corporate players knew the chances of the arbitration, they r pro, how much parkson has to spend and how long is the process of appeal ? even with a stay of execution, once corporate players lost confidence, game over

about 60 millions ringgit, wow, 2morow panic selling, no joke !

so those sold like crazy two weeks ago not without reason, only retail buyers know nothing and continue to support the company, scary

PRGL had announced that according to the arbitral award dated 25 March 2015 issued by China International Economic and Trade Arbitration Commission (the “Arbitration Commission”), the Arbitration Commission made an award in favour of the landlord of the Premises (as defined in the PRGL Announcement) who is an independent third party (the “Landlord”) and ordered Parkson Retail Development Co., Ltd. (an indirect wholly-owned subsidiary of PRGL) (the “Tenant”) to, among other things, pay to the Landlord a fee in the amount of RMB36,757,641.60 for the occupation of the Premises after the termination of the Tenancy Agreement (as defined in the PRGL Announcement) and rental in the amount of RMB89,923,270.22 (being the difference between the amount of rental which the Tenant had already paid and the amount of rental which the Arbitration Commission had determined to be payable by the Tenant).

Heng Ah Ong Ah Huat Lah, ha ha ha

well said, maa5959

audit issue ?

Arab Saudi is the culprit

Heng Ah Ong Ah Big HUat Ah, HA HA HA

Heng Ah Ong Ah Big HUat Ah, HA HA HA

Yemen is not an oil producer of great significance but it’s located geographically and politically in a very important part of the Middle East,” Ric Spooner, a chief strategist at CMC Markets in Sydney, said by phone. “There’s always potential for a really major and long-term disruption, which would exceed any inventory levels, and there doesn’t seem to be any allowance for that in current pricing.

Yemen is not an oil producer of great significance but it’s located geographically and politically in a very important part of the Middle East,” Ric Spooner, a chief strategist at CMC Markets in Sydney, said by phone. “There’s always potential for a really major and long-term disruption, which would exceed any inventory levels, and there doesn’t seem to be any allowance for that in current pricing.

According to top oil man T. Boone Pickens, the current oil price problem is the fault of U.S. shale, and is their responsibility to fix, not OPEC’s nor Saudi Arabia’s

Heng Ah Ong Ah Huat Lah, ha ha ha

沙肯石油財測遭大砍

沙肯石油（SKPETRO,5218,主板貿服組）第四季及全年淨利都不符預期，鑑於油價走低，分析員紛紛下重手狠砍財測。



其中，興業研究砍沙肯石油2016及2017財政年財測分別22%及25%，聯昌研究砍2016及2017財政年財測32%及30%，達證券下調36%及34%，肯納格研究下修2016財政年財測25.8%。

Oil Prices Could Crash Hard This Summer

Come June, when all available on-land storage is exhausted, each incremental barrel will have to be dumped on the market forcing prices lower and inflicting further pain on the entire US shale complex (just as Q1 results are released which will invariably show huge writedowns as companies will no longer be able to hide behind the SEC-mandated accounting trick that made Q4 results appear respectable). Here's Soc Gen: "...oil markets can be impatient and prices could drop considerably lower. As we have written previously, we are currently more concerned about downside risk than upside risk."

Dodge O' Dorland, Chairman and Chief Investment Officer, Landor & Fuest Capital Managers

23-Mar-15 10:31

Dodge O. Dorland, Chairman and Chief Investment Officer of Landor & Fuest Capital Managers in New York, discusses oil prices amidst reports that at the current rate of record oil production, US oil storage facilities will be exhausted by May, and dumping is set to occur.

2morow below 2.25 ?

panic selling ??? 2morrow Q result, : )

waiting.....

2.19 already, : )

rebound, enjoy the games, : )