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MI(01555.HK):第三季瓵量续有增长

MI (01555.HK): Continued increase in earnings volume in the third quarter

金利豐證券 ·  Nov 12, 2012 00:00  · Researches

MI Energy (1555) is an upstream oil and gas enterprise in the interior, Kazakhstan and the United States, of which all oil produced in the interior is sold to Petrochina Company Limited, and the contract expires no later than 2028. In September last year, the fair successfully collected the Emir-Oil of Kazakhstan, increased the total proven oil production and output, and introduced natural oil production. In addition, last year, it also completed the collection of the Niobrara rock resources project in Colorado, USA, and entered the military rock market.

According to the latest annual report, the output of the collection increased strongly in the third quarter of this year, with an average daily output of 24577 barrels per day, of which oil production reached 15590 barrels per day, an increase of 16.6 percent in the first half of the year, mainly due to a substantial increase of 57.9 percent in Kazakhstan's Emir-Oil oil production and 8.3 percent growth in three oilfields in the interior and northern regions. However, oil realized during the gathering period was only US $102.17 per barrel, compared with a 10.9 per cent decline in the first half of the year. With the increase in oil demand in winter, coupled with signs of signs in the domestic manufacturing industry, the international oil market is expected to recover in the fourth quarter, or even show a backlash, so that the market can also benefit.

In addition, the output of Kazakhstan's Emir-Oil in the fourth quarter is expected to reach an average of 3566 barrels per day, higher than the average for the whole of last year. It is worth noting that the average real price per barrel during the regional period was 87.96 US dollars, with a slight increase of 0.2 percent in the first half of the year, of which the price of foreign oil increased by 5.2 percent to 94.34 US dollars per barrel. In addition, the sales volume and realization of natural oysters in the third quarter also fell in the first half of the year, but they only accounted for 0.3% of the overall income.

On November 7, it rose to 2.41 yuan and fell back, but it was good for the upper market to open low and high, and the STC% K line also began to move to the% D line. MACD holding cattle gap, can test 2.25 yuan level suction, look forward to 2.50 yuan, do not fall below 2.10 yuan can continue to hold.

The translation is provided by third-party software.


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