Offshore & Marine – potential beneficiary of strengthening oil prices?
Strengthening oil prices may potentially have a spillover effect on Offshore & Marine counters. The following warrants have exercise prices close to their last traded underlying share prices:
Call warrant CoscoCorpMBLeCW091102 (H7EW) exercise price $1.55.*
Call warrant Ezra MBL eCW100104 (H9AW) exercise price $1.40.*
Call warrant KepCorp MBLeCW091103A (H7AW) exercise price $7.80.*
Call warrant SembMar MBLeCW091103 (H7UW) exercise price $3.40.*
Risk appetite returns and unrest in Nigeria takes oil prices higher
Overnight, the Dow headed north, capping four days of losses and closed up more than 2% as investors’ risk appetite increased. NYMEX crude oil futures rallied 2.3% to push past the US$70 per barrel level.
The rally in crude oil occurred in tandem with reports that militants attacked a Royal Dutch Shell pipeline supplying an export terminal in Nigeria, Africa’s largest producer (Bloomberg).
Macquarie Cosco Corp Warrants
Trading Call Warrants (Short term bullish view)
CoscoCorpMBLeCW090902 (HJ1W) exercise price $0.776.*
CoscoCorpMBLeCW91103 (HS1W) exercise price $1.067.*
CoscoCorpMBLeCW091102 (H7EW) exercise price $1.55.*
Trading Put Warrants (Short term bearish view)
CoscoCorpMBLePW91103 (H1JW) exercise price $1.00.*
Long Dated Warrants (Long term bullish view)
CoscoCorpMBLeC110103 (G9XW) exercise price $0.97.*
CoscoCorpMBLeCW110502 (H3JW) exercise price $1.50.*
Macquarie Ezra Warrants
Trading Call Warrants (Short term bullish view)
Ezra MBL eCW100104 (H9AW) exercise price $1.40.*
Macquarie Keppel Corp Warrants
Trading Call Warrants (Short term bullish view)
KepCorp MBLeCW090907 (HI9W) exercise price $4.50.*
KepCorp MBLeCW091103 (HS4W) exercise price $5.80.*
KepCorp MBLeCW091103A (H7AW) exercise price $7.80.*
Trading Put Warrants (Short term bearish view)
KepCorp MBLePW091002 (HX0W) exercise price $5.50.*
Long Dated Warrants (Long term bullish view)
KepCorp MBLiCW091002 (GN3W) exercise price $6.80.*
Macquarie SembCorp Marine Warrants
Trading Call Warrants (Short term bullish view)
SembMar MBLeCW091002 (HW9W) exercise price $2.40.*
SembMar MBLeCW091103 (H7UW) exercise price $3.40.*