Posted by smartepf > 2 weeks ago | Report Abuse

Oil price turun, EVs coming out from China like toy cars, and renewal energy solar panels sell cheaply like biscuits. All pointed to lower crude oil prices!

Posted by Ytl2023 > 2 weeks ago | Report Abuse

Yes most important. Ikan bilis must profit first today. Later on tutup kedai also doesn't matter, correct?

Posted by masterkevin212 > 2 weeks ago | Report Abuse

People dont care how much the sapuraomv sold, most importantly they invested RM 3billion last time. Now sold with profit for 100% shares.

Posted by Sslee > 2 weeks ago | Report Abuse

Sapura Energy Bhd is selling its remaining 50% stake in SapuraOMV Upstream Sdn Bhd to TotalEnergies Holdings SAS for US$705.3 million (RM3.37 billion) — comprising US$530.3 million, cash, and US$175 million relief on debt obligations.

Sapura Energy bought the E&P unit for US$898 million back in 2014 from Newfield Exploration Co, before selling half its stake to OMV AG in 2018 for up to US$975 million. The price tag of its remaining 50% stake is US$198 million less than the US$903 million that TotalEnergies is paying to get the other 50% stake from OMV. With the sale, the French oil major will fully own SapuraOMV.

Posted by Sslee > 2 weeks ago | Report Abuse

The question why selling the 50% stake USD 198 million less than the US$903 million that TotalEnergies is paying to get the other 50% stake from OMV?

Posted by Sslee > 2 weeks ago | Report Abuse

Next question debts restructure bankers and suppliers what will be the % hair cut?

Posted by smartepf > 2 weeks ago | Report Abuse

Banker must be really angry for SapNrg selling so cheap before they can get their hand on it!!!

Posted by Sslee > 2 weeks ago | Report Abuse

The question after next: capital reduction and share consolidation will it be 10 or 20 or 30 or 40 or 50 to 1?

Posted by nicholas99 > 2 weeks ago | Report Abuse

sell =get 70% worth back.. the only thing holding the prices at current point is because of the asset.. but they sell the asset only get 70% back.. meaning have to slash price further.

Posted by nicholas99 > 2 weeks ago | Report Abuse

also mean, sapura is getting desperate.. or they have to declare bankrupt?

Posted by nicholas99 > 2 weeks ago | Report Abuse

no more crown jewel.. no hope for future to make come back.

Posted by Sslee > 2 weeks ago | Report Abuse

No worries later Petronas will give Sapnrg another production sharing oil field.

Cyberjaya, 30 October 2023 – Dagang NeXchange Berhad, via subsidiary Ping Petroleum Sdn Bhd (“PPSB”), has signed a new Production Sharing Contract (“PSC”) with Petroliam Nasional Berhad (“PETRONAS”) marketed under the Malaysia Bid Round 2022 (“MBR 2022”). MBR is an annual Malaysia licensing round hosted by Malaysia Petroleum Management (“MPM”), PETRONAS which offers investors diverse upstream opportunities, including exploration acreages, discovered resource opportunities and late life producing assets.

Posted by Jerung > 2 weeks ago | Report Abuse

LU or LD :)

Posted by thetruthstory > 2 weeks ago | Report Abuse

gogo sapura

Posted by Bmw X5 > 2 weeks ago | Report Abuse

careful ...fake buy Q ...seller adding up fast & furious !!!

Posted by cheap1 > 2 weeks ago | Report Abuse

Pity haters. Today at 5 sen up 11.11%. When Sap so cheap up 0.5 sen already how many years you earn from FD haha.

Posted by nicholas99 > 2 weeks ago | Report Abuse

lesser asset.. got many project also no use. later have to rent machine to work. more cost.

Posted by cheap1 > 2 weeks ago | Report Abuse

YTL Power up 10% is it easy?

UlarSawa

Ppl sharing you cakap they are haters. You ada said wrongly or not. What happened to those chased 5.5sen earlier one. Ada dapat kfc kah. Now tersangkut again leh. Kesian. Haiyoh. Correct?

Posted by cheap1 > 2 weeks ago | Report Abuse

YTL Power FA sure better than Sap but at RM 4.06 can up 10% more?

Posted by Michael R. > 2 weeks ago | Report Abuse

Tell me wrong that selling the asset is tantamount to selling its golden goose laying eggs... Now no more eggs...

Posted by cheap1 > 2 weeks ago | Report Abuse

PNB still in Sap. If Sap die PNB also die PM-X want?

Posted by smartepf > 2 weeks ago | Report Abuse

PNB won't die la! PM don't want have anything to do with SAP

Posted by nicholas99 > 2 weeks ago | Report Abuse

PM-X lose every by-elections. what more he can do? everyday give duit to his own people.. but still cannot win. now chinese grow tired of him. he will probably lose the next election.

Posted by nicholas99 > 2 weeks ago | Report Abuse

he got answer also won't publicize it la.. we all know is PM-X partner ma.. how he can say out loud. last time fight fight fight.. now become partner.. soon lose together..

Posted by cheap1 > 2 weeks ago | Report Abuse

PM-X lose small election never mind. Important is he must win GE16. Najib won many election but by GE14 he lost remember?

Posted by dompeilee > 2 weeks ago | Report Abuse

Laughable! Such gd news BUT price can't even budge appreciably for speculators to make a cent! Hmmmm could it be because of the indiscriminate printing of scrip so copiously that it's now by far the most oversupplied co. in the whole mkt???🤣 PNB /ASB can FORGET about getting even 10% of their invested(read THROWN AWAY) capital back!

Posted by cheap1 > 2 weeks ago | Report Abuse

Should ask Rafizi(only he dare talk about Sap Nrg recently not PM-X) more in his FB.

Posted by cheap1 > 2 weeks ago | Report Abuse

Is it GE16 still long way to go?

Posted by Ninth007 > 2 weeks ago | Report Abuse

https://www.tradingview.com/news/DJN_DN20240422010761:0/

Sapura Energy's proposed sale of its stake in unit SapuraOMV Upstream to TotalEnergies looks "fairly valued," BIMB Securities analyst Azim Faris Ab Rahim says in a note. TotalEnergies is buying the stake for $530 million. Despite Sapura Energy's financially distressed status, it managed to sell its stake in SapuraOMVwith a "non-distressed valuation," supported by high oil prices, he says. Sapura Energy may have to restructure its debt by at least MYR3 billion-MYR 4 billion to achieve sustainable capital structure, he adds. BIMB Securities maintains a trading buy on Sapura Energy and keeps its target price at MYR0.06. Shares are unchanged at MYR0.05. (yingxian.wong@wsj.com)

Posted by nicholas99 > 2 weeks ago | Report Abuse

That rafizi padu also failed. dare to talk so much meh?

Posted by nicholas99 > 2 weeks ago | Report Abuse

faster tutup kedai.. one time pain.. better than prolong pain.

Posted by nicholas99 > 2 weeks ago | Report Abuse

yes la.. so.. pandai pandai la. since he goes against PMx. You think PMx will help him?

Posted by nicholas99 > 2 weeks ago | Report Abuse

PMx sendiri also want gg liao.. that rafizi also want to start do election campaign already. meaning they give up doing administrative works.. because cannot yield result... lagi impossible will help sapnrg.

Posted by hulwan > 2 weeks ago | Report Abuse

So many people so angry today 🤣🤣. This is PN17 company, no fund will touch it, unless PN17 is lifted. That's the only news that matter. No point getting mad, just sell everything and go away, or keep until PN17 is lifted.

Posted by Sslee > 2 weeks ago | Report Abuse

Know what is the share price of PN17 capA?

Posted by hulwan > Apr 23, 2024 11:35 AM | Report Abuse
So many people so angry today 🤣🤣. This is PN17 company, no fund will touch it

Posted by smartepf > 2 weeks ago | Report Abuse

Capital A itu siapa CEO? Ini Sapura Siapa CEO? ada sama orang ke ? Satu CEO boleh start dari Zero to Hero. Satu lagi kena jual ini jual itu sampai zero.

Posted by Sslee > 2 weeks ago | Report Abuse

PMX only say against selling Bplant to KLK. But for foreign buyer Malaysia is business friendly to attract the FDI.

Posted by speakup > 2 weeks ago | Report Abuse

Cannot sell Bumi asset to Chinese. Haram!
But Halal to sell Bumi assets to Orang Putih

Posted by Mabel > 2 weeks ago | Report Abuse

Bravo Mon Total Energies. Tu as très bien fait d’acquérir cette oie dorée qui pond des œufs

Well done My T. You did great to acquire this golden goose that’s laying eggs. Haha You’ve outsmarted even the most cunning of geese—a feat akin to teaching a squirrel to do calculus. Now, as you sip your morning coffee, imagine the goose in its cozy nest, meticulously crafting golden eggs with built-in Wi-Fi. Yes, you’ve acquired the ultimate tech-savvy goose—one that not only lays eggs but also live-tweets its breakfast menu. As the sun sets, it whispers secrets of stock market trends and the best Netflix shows. And so, My T, may you live happily ever after, surrounded by golden eggs and a goose that’s the envy of the entire French Riviera…

May your days be as golden as those eggs!

Louis Mabel

Posted by hulwan > 2 weeks ago | Report Abuse

So, which major fund holds Capital A? What about the share price? End of last year, Tony boasted that PN17 is done deal & price shot up. All hot air. Now he's talking about selling away the profitable businesses & price came down.

Posted by Sslee > 2 weeks ago | Report Abuse

Even MMC also want to sell port asset to foreigner. Need more FDI to support the ringgit.

Posted by Mabel > 2 weeks ago | Report Abuse

The recent divestment of Sapura Energy’s 50% stake in SapuraOMV Upstream Sdn Bhd to TotalEnergies Holdings SAS indeed marks a significant strategic move. The implications:

Crown Jewel Status: SapuraOMV was considered a crown jewel in Sapura Energy’s portfolio due to its involvement in oil and gas exploration and production. The divestment means that Sapura Energy has relinquished its direct ownership of this RM 110 Billion National Valuable asset.

Financial Gain: The transaction resulted in cash proceeds of US$705.3 million (RM3.37 billion) for Sapura Energy. This substantial infusion of funds can enhance Sapura Energy’s financial position and address its debt and payables.

Strategic Shift: With the divestment, Sapura Energy is signaling a strategic shift away from exploration and production. The focus now turns toward core capabilities and innovative solutions for the dynamic energy industry.

TotalEnergies’ Role: As the new owner, TotalEnergies will have the opportunity to further develop SapuraOMV’s assets. Their expertise and resources may unlock additional growth potential.

Net Gain on Disposal: Sapura Energy expects a net gain on disposal of about RM793 million from this transaction. This gain contributes positively to the company’s financial health.

In summary, while Sapura Energy has parted with a significant asset, the financial gains and strategic realignment may position the company for future opportunities. The crown jewel have changed hands, but the story continues.

Louis Mabel

Posted by Sslee > 2 weeks ago | Report Abuse

Mind telling us what are sapnrg core capabilities and innovative solutions??

Strategic Shift: With the divestment, Sapura Energy is signaling a strategic shift away from exploration and production. The focus now turns toward core capabilities and innovative solutions for the dynamic energy industry

Posted by Mabel > 2 weeks ago | Report Abuse

Haha my handsome Sslee, it's in yesterday's announcement in edge.

They wrote it so well that Mabel's starts crying...hihihi

Louis Mabel

Posted by hulwan > 2 weeks ago | Report Abuse

Sapura has always been service provider for O&G. They then went upstream looking for bigger fish, but cannot survive the vicious current upstream. Now they're focusing back on their core specialty of providing services to the big fish.

Posted by Mabel > 2 weeks ago | Report Abuse

#hulwanSapura has always been service provider for O&G. They then went upstream looking for bigger fish, but cannot survive the vicious current upstream. Now they're focusing back on their core specialty of providing services to the big fish.

23/04/2024 12:41 PM

Cheers hulwan

As for Mabel, with the crown jewel have changed hands to this smart Frenchman, Mabel Energy will have to rely on more dependable, smart and competence team from PetroChina, Petronas Chemical and Yinson for her Fossil Fuel and Gamuda, YTL Power, Sembcorp, CATL for her Renewal Energy

Louis Mabel

Posted by bullrun168 > 2 weeks ago | Report Abuse

Bought at @0.045 and Managed to sold all at @0.055 to make a handsome profits of 22%

Posted by nicholas99 > 2 weeks ago | Report Abuse

First half of Mabel the cat writing make senses.. Second half is rubbish..

Posted by nicholas99 > 2 weeks ago | Report Abuse

Seriously, considering sapura has over 11bil debt and increasing by every hours.. its crazy to think this sales could help in any way.

Posted by bullrun168 > 2 weeks ago | Report Abuse

Queue up again now to sailang all my belongings to buy at @0.045
and then keep it for another round of good news out then to take profits again …