Shares & Derivatives
The perils of the stock market (Part 3)
By Passive Income Farmer  •  December 21, 2014
In the era of increasing oil prices, investors may think that oil companies have escalating profits and investing in them are safe and sure bets. China Aviation Oil (Singapore) Corporation Ltd is an investment holding company engaged in the supply and trading of jet fuel.  It operates in three segments: Middle Distillates, Other Oil Products, and Investments in Oil-Related Assets. CAO(S) was a stock darling after its IPO in 2001, with its prices surged as much as sevenfolds, as the company announced plans to refine, store and trade oil in Singapore, the Middle East and Europe. In 2004, CAO(S) shares ran up and peaked in March 2004 as it planned to purchase Singapore Petroleum Co. from Keppel Corp. It was all rosy outlook for CAO(S) and investors have no inkling of the shocker about to come. 4. $550 Million Bad Bet - CAO(S) On Nov. 25, ...  ...
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By Passive Income Farmer
40 years old Singaporean, wanting to add more passive streams of incomes.
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