How's that....

EPIC posted a ~350% jump in net profit for the third quarter ended Sept 30, 2007 from about 1.9mil a year ago... revenue rose 53.62% to RM40.07 mil due to higher oil and gas activities, contributed partly from the newly privatised port operations.
Declared a dividend of 3.5 sen per share for 3Q, bringing its total earnings per share (EPS) for the quarter to 5.1 sen. In just nine months EPIC's net profit surged 486.9% to RM23.77 mil...EPS stands at 14.2 sen. Very good balance sheet and things are only going to get better for this company... operating model is very healthy and I expect even better results for Q4....

Buy when its low... anything below $2.40 is a steal. :)

Rising star...

Good prospect in the oil and gas industry, the Company mainly involve in engineering and fabrication of production facilities, engineering and fabrication of modules, engineering and fabrication of production facilities of process skid systems, EPCC services along with customized fabrication for the oil and gas industry. Having reported 7 sen earning for the year 2007 and revenue is expected to double next year... and it is set to gain from the rising crude price due to the huge demand worldwide lead by China... set to gain from more projects in the coming days... load up while it's cheap.... :)

Plantation ride...

IJMplant seems to be getting what it deserve of late due to the high crude prices and thanks to that, it's driving up the needs for biodiesel and it's apparent that only plantation stocks are set to gain at this point of time.. this window does not open forever... a potential for buy high sell higher.. it's worth your money and time... you decide. RM4 shoudn't be a problem.

PetroChina...

Its obvious that all punters and traders got zapped when they got involved on Petrochina CWs earlier this week... basically any buyers this week will all be cursing like mad or perhaps must be wondering what the hack happen to Petroch?

Well, nothing special but it's mere profit taking on IPO day.. its classic pull the plug day in listing and coupled the financial scares or worries that the subprime related losses has finally force more banks to reveal the skeletons in their closets... now that Citibank has decided to bite the bullet...basically these are the smoking guns to me... the effect of the possibility of Beijing delaying the plan to allow its people to trade HK shares is very minimum though it's there and i don't deny it does causes investors to sideline...

At China's current situation, any rumor is as good as news itself...having fallen more than 35% of its value in HK share price, PetroChina is definitely more attractive than before, its call warrants are falling back to its pre IPO announcement level soon... so I'd say its time to buy back the warrants... C1 and C4 is ok, just make sure you know how warrants are valued before you decide to wack the one you favor...

I'm placing my bet on C4, as its cheap, has the value of time and has higher potential ROI...
When you start to feel that it would continue to go up further, it's time to sell and vice versa.
The inclusion into HSI will be a boost for PetroChina stock in HK. Shanghai Petro is very much constraint to Chinese investors... so foreign investors will have no choice but to go for HK listed Petro.... enough said, anything below 65 cents is like an 'IPO' to me... the choice is yours.

Sinopec... a good bet.

China Petroleum & Chemical Corporation (“Sinopec Corp.”) is the 2nd largest O&G producer with it's principal operations mainly include exploring, developing, producing and trading crude oil and natural gas...Being the third largest refiner and #1 in China it involves in
processing crude oil into refined oil products... trading and transportation as well as distributing and not to forget about marketing refined oil products... it also produce and distribute chemical products too.. current high price in crude oil prices is hurting Sinopec and is already eating into its profits... however its recent report on its Q3 earning is spectacular as the high crude prices has been causing it to bleed profusely since it climbed from $70 to over $90 per barrel... the recent gasoline and diesel price hike by China gov is a inevitable because the need is overwhelming due the shortages in supply...

The asia's biggest refiner has been shouldering huge losses by selling fuel at the regulated below-market prices by Beijing... inflation fear is real but to let the nation crippled due to shortages of supply is unwarranted... but this is not good enough..more needs to be done to increase the output by refiners...

Now that the price hike has happened, the next to follow will be the hike in natural gas prices which is at an obscenely low level...and not to forget that Beijing needs Sinopec to be there and in order for that to happen, they either increase the oil prices further or to pay subsidy to Sinopec as what they have been doing for the last 2 years...

According to reports, some experts do expect it to receive a subsidy for the third year to compensate its losses....Sinopec obtained a $1.2 billion subsidy in 2005 and $640 million last year.
Some are expecting it to be on the range of 2-2.5bil for this year...

In short more relieves will come for Sinopec because there's only a limit to how far the gov can control the supply and demand force... :)

By the way, with the raise, people in China will change their lifestyles soon to energy saving mode and with the change in consumption pattern of the world due to the high oil prices, will eventually drive down the oil prices back... you think about it...