Solid oil demand is driving up the spot crude prices in every part of the world. This is a clear indication that the physical oil market is finally catching up with the recent rally in the paper market.
Oil bunkering business will slowly turn good sooner or later
Maritime transport remains an essential sector for the continued delivery of critical supplies and global trade during the recovery stages from a global pandemic. 2023 is going to perform better than 2022
Growing demand for marine fuel oils as global trade and shipping activities gain momentum following reopening of economies, more & more contract for FAST
Fast Energy will supply bunkers in the range of 10,000 metric tonnes (mt) to 30,000 mt each month to Wise Marine on the average price per metric tonne as reported by S&P Global Platts in Singapore (Mean of Platts Singapore), plus an agreed premium throughout the contract period effective.
The total contract value for the supply agreement is estimated at MYR 2,222,856,000.00 (USD 540,249,590) based on present market price reported on Mean of Platts Singapore and is valid for three years.
Lucky selected PP investors making lots of money this round. All PP investors could take profits and then get more PP shares allocation from directors in near future.
Small time long term shareholders and those subscribed to rights issues and shares consolidation, still holding tightly to their 'high cost' shares hoping for the price to move up to break even or sell to minimize losses.
Buying this company at this price is literally a no-brainer investment. The company is trading below its enterprise value. Why still bearish on the company?
Long term retail shareholders can only look from the sideline. Still holding on to their shares that had been consolidated from 6 to 1 after the 2:1 rights issue. Still holding at high cost. Operators pushing and maintaining price for lucky selected PP investors to sell their allocated shares to enjoy their quick and massive profits Directors likely to issue more shares to lucky selected PP investors and ESOS in near future.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
dessmond1
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Posted by dessmond1 > 2023-01-17 17:04 | Report Abuse
Solid oil demand is driving up the spot crude prices in every part of the world. This is a clear indication that the physical oil market is finally catching up with the recent rally in the paper market.
Oil bunkering business will slowly turn good sooner or later