US crude sinks 3%, settling at $63.01, as geopolitical anxiety that fueled a rally fades
- Oil prices fell as geopolitical concerns that bolstered the market last week faded.
- Rising Russian output and U.S.-China trade spat also weighed on the market.
- Oil prices earlier rose as U.S. sanctions against Iran supported crude.quote : cnbc.com 3rd April.
Looks like we may see price heading lower to retest $2.10 level which is also the 100MA . Breaking down of $2.10 may see further selling down pressure towards testing the $2.00 psychological level.
I think with the M&A matter being simber down . Short term wise,
Not much catalyst to drive the price higher unless news of new order contract winning surface.
With oil price stuck within $60-$65.
I think not much room and motivation for oil rigs investor to come in at this juncture.
Not a call to sell or buy.
Dyodd.
Sembcorp Marine Ltd, an investment holding company, provides offshore and marine engineering solutions worldwide. The company engages in the turnkey design, engineering, procurement, construction, and commissioning of offshore newbuilding and conversions, FSOs, FPSOs, FDPSOs, FPUs, MOPUs, gas terminals, FLNGs, FSRUs, jack-ups, semi-submersibles, drill ships, SSP solutions, TLPs, and SPARs. It also engages in the repair, refurbishment, retrofitting, life-extension, upgrading, and conversion of vessels, marine and offshore structures, LNG and LPG gas carriers, cruise ships, ferries, mega-yachts, floating production vessels, MODUs, tankers, containers, and cargo ships, as well as offers jumboization and dejumboization solutions. In addition, the company offers afloat and emergency repair, underwater cleaning and repair, main engine maintenance and repair, steel and pipe work, electrical and instrumentation repair, mechanical and motor rewind repair, tank cleaning, sludge and oily waste disposal, staging work, hydro jetting and hydro/vacuum blasting, riding crew and voyage repair, specialized workshop repair and reconditioning, vessel towage and port clearance arrangement, specialists service and navigation, automation, safety, and fire protection services. Further, it offers offshore platform solutions, such as integrated process; production, riser, and drilling; wellhead, power generation, manifold, and accommodation platforms; and wind-farm substations, as well as topside modules fabrication, installation, and integration. Additionally, it designs and builds sophisticated, specialized, gas value chain, ferry, RoPax, cruise, renewable energy and offshore support, naval support and security, and research and scientific survey vessels. The company was formerly known as Jurong Shipyard Ltd and changed its name to Sembcorp Marine Ltd in 2000. The company was founded in 1963 and is headquartered in Singapore. Sembcorp Marine Ltd. is a subsidiary of Sembcorp Industries.
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- Sembcorp Industries’ Strategic Review Gives Rise To Speculation
- CSembcorp Marine Ltd, 2017 Earnings Call, Feb 21, 2018
- DSembcorp Marine Ltd Announces Board Changes
- ESembcorp Marine Ltd Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Reports Property, Plant and Equipment Written Off for the Fourth Quarter Ended December 31, 2017
- FSembcorp Marine Ltd Recommends Final Dividend for the Fiscal Year 2017, Payable on 11 May 2018
- GSembcorp Marine Ltd to Report Fiscal Year 2017 Results on Feb 21, 2018
- HHSBC Holdings plc, ASEAN Forum, Feb 27, 2018 through Feb 28, 2018
- ISembcorp Marine Ltd Appoints William Tan Seng Koon as Member of the Executive Committee, Effective 1 December 2017
- JSembcorp Marine Ltd Announces Incorporation of Wholly-Owned Subsidiary in Singapore
S&P Capital IQ Consensus Estimates 
Consensus Recommendation
Consensus Target Price
SGD 2.134
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