Market Review and Trends
Analysts flag more bullish times for rig builders
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  May 25, 2013
Play of the week, ST, Sat, May 25, 2013 .. It is added that Keppel may benefit from having a shipyard in Azerbaijan as it is reportedly close to signing a contract with Socar, an oil and natural gas firm owned by Azerbaijan, for a semi-submersible rig worth between US$700m - US$800m. BAKU, May 22 (Reuters) - Azeri state energy firm SOCAR plans to borrow more than $20 billion over the next five years to finance energy projects to help boost gas exports to Europe, a challenge to plans by neighbouring Russia. SOCAR, one of the world's oldest oil companies, wants to send gas to Europe, hoping to capitalise on a desire in European capitals to diversify their supply from Russia after Moscow's "gas wars" with Ukraine disrupted supplies in 2006 and 2009. The plan to tap its Shah-Deniz II project for an expected 16 billion cubic metres per year (bcm/y) ......
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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