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5 comment(s). Last comment by albertlaw 2013-09-09 23:51
Posted by albertlaw > 2013-09-05 17:12 | Report Abuse
Wow struck oil or just Kayhian UOB pushing up becoz too low
ozone2002 ( Date: 05-Sep-2013 16:19) Posted:
Last:0.88 Vol:52467k +0.17
so fast n furious today?
ozone2002 ( Date: 02-Sep-2013 10:51) Posted:
Big names and big funds are in this, heavily supported..
Even though Rex International has only an operating track record of two years and has yet to generate revenue, pre-IPO investors were so convinced by its story that they extended convertible loans of S$35.2 million to fully fund its first two years of drilling operations in the US.
These investors include Tan Fuh Gih (tycoon Tan Kim Seng?s younger brother), Kingston Kwek (tycoon Kwek Leng Beng?s son), Tan Chin Hwee (partner of leading alternative fund management group Apollo) and 2G Capital chairman Tommie Goh (founder of JIT).
Schroders, Pareto Growth Fund, Staur Private Equity, Holberg Funds and Clements Capital are also vested in the company.
Posted by albertlaw > 2013-09-06 21:59 | Report Abuse
Know who are the BBs behind REX
Quote:
Originally Posted by joemacky View Post
keeping fingers crossed.. this CK willing to let price do wide swing.. it could hit a $1 and go below $0.80.. but looking at the price action where almost half of the transactions done between 0.875 - 0.895 so should be positive bias Smile
Agree ,,when the bad results(expected) was announced around 12noon the REX was shorted till it hit a low of 80cts...knowing many shortists would be waiting and indeed they shorted..after that BBs push it up,surpassing another high of 89.5cts around 3pm plus..see on thur Sept 5,suddenly REX shot up hitting a new high 88cts with vol,otherwise REX would hve pushed down below 70cts
As at 5 Sept the ipo funds not used yet but looks it will be used mainly for its exploration or investments activities,it's not the current last 2 year losses but what the market price should reflect the future-discovery of oil exploits and most important who is behind this counter-if they(BBs) want to push,who care about current losses, it's the future that240Fest30 matters,,,see by 4pm the price of REX climbed up again
h0ly0wl ( Date: 06-Sep-2013 16:54) Posted:
this bb is damn skillful.
Posted by albertlaw > 2013-09-08 23:12 | Report Abuse
this is not an inducement to trade,those who fear and has profit just take ,like thos I bought 66-69cts I hve already taken profits and like my maxim-no one ever died from taking profits but many died from failing to take profits.I am using my profits to long on REX
1) Rex previously said that it was close to production with the first oil from its U.S assets in North Dakota expected in the 4th qtr of this year .
2) Rex boasts of innovative exploration technology that has a higher chance(maybe 50%) of locating oil higher than industry standards
3) Rex participates in ventures with already secured exploration and production licences and gets an equity stakes in exchange for its unique technology thereby reducing its exposure to time and money needed to acquire licences
4) Rex owns 65% in Lime Petroleum,the rest owns by Malaysia listed Hibiscus Petroleum amd Schrodes.
5) Rex already secured 3 new licences in Trinidad and Tobago in August 2013 and plan to start its drilling programmes in Oman in the 4th qtr.Also in Aug Lime had engaged Aban II to drill its Block 50 concession in Oman,as CEO Mans Lidgren said it was an assurance its drilling programme was in progress
Just need to trade with care but from analysis normaly when major oil fields discovered,revenue and profits will flow in and shares normally soar-so don't play with money you can afford to invest only
Posted by albertlaw > 2013-09-09 15:37 | Report Abuse
No price T.P by Daiwa,,does it mean the sky is the limit?
Background
We visited Rex International
Holdings (Rex) recently to get an
insight into the company following
its IPO on the Catalist in July 2013
at SGD0.50/share.
■ Highlights
Background. Rex is an
independent upstream oil and gas
company with a free float of about
17%. The Norwegian founders of the
company, which hold a 55.4% stake,
are Karl Lidgren, Hans Lidgren, and
Svein Kjellesvik, who each have
more than 20 years experience in
oil-exploration activities.
Claimed technological
advantage. Rex claims to have
exclusive access to proprietary
technology that allows it to target
drilling prospects accurately, and as
a result raise its exploration success
rate, thus increasing drilling
efficiency and reducing exploration
write-offs and decreasing the time
taken to bring oil to the market. To
use intellectual property (IP) related
to these technologies, the company
pays annual fees to a separate
company, Rex Technology
Management (RTM), which is
wholly owned by Karl and Hans
Lidgren. The three key technologies
include the following.
? Rex Gravity? is used to detect
possible hydrocarbon
accumulations through the use of
satellite altimetry data.
? Rex Seepage? uses thermal
imaging to search for
hydrocarbon presence at the sea
surface.
? Rex Virtual Drilling? uses
seismic-data interpretation
techniques to detect the presence
of liquid hydrocarbons.
Business model. The company
says that because it has exclusive
access to RTM?s proprietary
technology and IP, it has been able
to enter into agreements to farm
into exploration acreage. The owners
of the acreage then provide data that
is analysed by RTM in order to
ascertain the best location to drill an
exploration well. Through backtesting,
Rex claims that it has near
100% certainty in discovering oil
when using the three technologies
outlined above. However, it states
that the key risk to its business is
poor or corrupted data, which then
significantly lowers the chances of a
discovery.
Assets. At present, Rex has a
portfolio of 13 contract areas in
Norway, Oman, Trinidad & Tobago,
the UAE, and the US, and says it will
look to increase this to 20 contract
areas over the next 12 months. As at
the end of 2012, the company had
respective working interest 2P and
3P reserves of 5.7mmbbl and
7.4mmbbl (100% oil), all of which is
attributable to its Colorado acreage.
Near-term news flow. Rex has
two exploration wells offshore Oman
in Block 50 (31.2% interest) that will
spud in mid-October 2013.
According to publicly available
information (Offshore Magazine),
the Aban VI jack-up rig was
contracted in mid-August for a twowell
programme over 50 days and is
currently en route to the Arabian
Sea. The results of these two wells
will be important in proving RTM?s
proprietary technology. In addition,
Rex has another well offshore UAE
that will spud tentatively in 4Q13. In
addition to exploration, the
company has a stake of about 28% in
two onshore US oil fields, in
Colorado and North Dakota, which
starts oil production in 4Q13,
according to the company (see page
2 for net production estimates
according to Rex?s IPO prospectus).
■ Valuation
Based on its 2P reserves of
5.4mmboe, the stock is trading at an
EV/boe of USD87.23/boe, while its
regional upstream peers are trading
currently at USD18.27/boe,
according to the Bloomberg
consensus.
6 September 2013
A tech-focused
upstream
company
? Another upstream player in
Singapore with a technology
focus
? Norwegian founders with
global E& P assets
? Production from its Americas
portfolio due to start in 4Q13
Source: FactSet, Daiwa
Energy / Singapore
Rex International Holdings
REXI SP
Not Rated
Target (SGD): n.a. Up/downside: - 5 Sep price (SGD): 0.870
Adrian Loh
(65) 6499 6548
adrian.loh@sg.daiwacm.com
Benjamin Lim
(65) 6321 3086
benjamin.lim@sg.daiwacm.com
90
109
128
146
165
0.55
0.64
0.73
0.81
0.90
Jul-13
Share price performance
Rex Intern (LHS) Relative to FSSTI (RHS)
(SGD) (%)
12-month range 0.56-0.87
Market cap (USDbn) 0.68
3m avg daily turnover (USDm)
Posted by albertlaw > 2013-09-09 23:51 | Report Abuse
War not yet start..REX can move up....waht about once war start
Equities follow the inverse trend of reeling on the anticipation of war and then rallying on the event. As a recent example, the invasion of Iraq in March of 2003 marked a turning point in U.S. equities, officially ending the 2001-03 correction and mounting a stellar rise for over five bumper years until the housing crisis.
For equities, the uncertainty of war is more detrimental than war itself. Once the uncertainty is removed, investors know where to put their money, and the markets take off.
No result.
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Posted by Erector > 2013-09-04 22:58 | Report Abuse
How this shares?