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Last Price Today's Change   Day's Range   Trading Volume
0.13   -0.005 (3.70%)  0.13 - 0.135  2,789,100
6,311 comment(s). Last comment by moneycome123456 at Oct 25, 2020 11:14 AM
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SuperPanda
10195 posts

Posted by SuperPanda > May 21, 2020 3:41 PM | Report Abuse

AS crude oil prices remain under pressure, national oil company Petroliam Nasional Bhd (Petronas) is pushing for a consolidation in the offshore support vessel (OSV) segment.

Interestingly enough, one of the proposals being discussed is a “Proposed Malaysian OSV Private Business Unit Trust Structure” (see chart).

These plans were highlighted in an online industry dialogue late last month with local oil and gas players comprising members of the Malaysia Offshore Support Vessels Association, the Malaysia Offshore Contractors Association and Malaysia Oil and Gas Services Council.

At the dialogue, Petronas president and CEO Tan Sri Wan Zulkiflee Wan Ariffin was said to have painted a bleak picture for the sector.

In a presentation deck viewed by The Edge, Petronas highlights the current situation of the OSV industry as “being plagued by depressed charter rates, oversupply leading to increased competition, the sector being fragmented, players facing a liquidity crunch with banks holding on to loans that are stressed with covenant breaches, collateral values underwater, leading to possible defaults even”.

“Consolidation — the only way out?” the deck reads, before going into the private business trust structure.

Petronas says unitholders of the planned business trust “can participate in the profits or income arising from the management of the assets in the business trust through receipt of distributions declared by the trustee manager”.


SuperPanda
10195 posts

Posted by SuperPanda > May 21, 2020 3:43 PM | Report Abuse

this is why it cannot move further

“.......... OSV industry as “being plagued by depressed charter rates, oversupply leading to increased competition, the sector being fragmented, players facing a liquidity crunch with banks holding on to loans that are stressed with covenant breaches, collateral values underwater, leading to possible defaults even”.


SateMan
1685 posts

Posted by SateMan > May 21, 2020 5:13 PM | Report Abuse

The end for perdana


Asia88
347 posts

Posted by Asia88 > May 21, 2020 5:52 PM | Report Abuse

Millionairegig : Where is perdana quarter result? No announcement yet.


heattcan
6 posts

Posted by heattcan > May 21, 2020 6:00 PM | Report Abuse

Hairy..displaying your counters??


anson938
1393 posts

Posted by anson938 > May 21, 2020 7:26 PM | Report Abuse

ICE Brent Crude (Jul'20) (@LCO.1:Intercontinental Exchange Europe)
Export chart+ WATCHLIST
*Data is delayed | USD
Last | 12:14:01 PM BST Volume
36.49 +0.74 (+2.07%)


Millionairegig
520 posts

Posted by Millionairegig > May 21, 2020 8:20 PM | Report Abuse

Asia88, I hope I know why. Perhaps the MCO have extended the announcement. Should be around this days.


nicky
3131 posts

Posted by nicky > May 21, 2020 8:57 PM | Report Abuse

Oil price surge why still below RM0.20


anson938
1393 posts

Posted by anson938 > May 21, 2020 10:10 PM | Report Abuse

ICE Brent Crude (Jul'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 2:58:59 PM BST
36.74
+0.99 (+2.77%)
1D


SuperPanda
10195 posts

Posted by SuperPanda > May 21, 2020 10:13 PM | Report Abuse

if perdana result out with big loss like waseong, penergy and carimin, possible downside between 15-20% from current 20c

many will stuck at bottom for sometimes bcoz next qtr will even worse


anson938
1393 posts

Posted by anson938 > May 21, 2020 10:17 PM | Report Abuse

ICE Brent Crude (Jul'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 3:05:59 PM BST
36.80
+1.05 (+2.94%)
1D5D1M6MYTD1YALL


SuperPanda
10195 posts

Posted by SuperPanda > May 21, 2020 10:17 PM | Report Abuse

lets be fair and true, in current scenario, will perdana post profit? addition to that Q1 historically always a loss

when i trade, i will evaluate the risk, would not take 50:50 circumstances, i need 90:10 ratio to play safe


anson938
1393 posts

Posted by anson938 > May 21, 2020 10:23 PM | Report Abuse

SuperPanda even next qtr not good, still can buy for long term and profit from uptrend in oil price

i predict oil will touch 40usd next month (i was right when predict oil touch 30usd month ago)
21/05/2020 2:24 PM


SuperPanda
10195 posts

Posted by SuperPanda > May 21, 2020 11:36 PM | Report Abuse

anson938, that was for hibscs comment, perdana is oil svc osv, not e&p

my comment on oil svc loss is parallel across osv player like armada, alam, carimin and perdana

u need to learn the differences


anson938
1393 posts

Posted by anson938 > May 22, 2020 7:44 AM | Report Abuse

ICE Brent Crude (Jul'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 1:00:00 AM BST
36.06
UNCH (0)


SateMan
1685 posts

Posted by SateMan > May 22, 2020 7:46 AM | Report Abuse

RIP perdana


Godofgambler
2563 posts

Posted by Godofgambler > May 22, 2020 8:01 AM | Report Abuse

Sapu all while is low
Perdana got Dayang


anson938
1393 posts

Posted by anson938 > May 22, 2020 8:03 AM | Report Abuse

Sapu......


Godofgambler
2563 posts

Posted by Godofgambler > May 22, 2020 8:10 AM | Report Abuse

https://astanatimes.com/2020/05/kazakhstan-commits-to-new-opec-agreement-lower-oil-production/


anson938
1393 posts

Posted by anson938 > May 22, 2020 8:15 AM | Report Abuse

good news for oil counter & continuously goreng..


anson938
1393 posts

Posted by anson938 > May 22, 2020 8:18 AM | Report Abuse

TP 0.24


SuperPanda
10195 posts

Posted by SuperPanda > May 22, 2020 9:14 AM | Report Abuse

today the last day to save yourself, you will thank me later


SuperPanda
10195 posts

Posted by SuperPanda > May 22, 2020 9:15 AM | Report Abuse

some people might not agree with me i wish them good luck


SateMan
1685 posts

Posted by SateMan > May 22, 2020 10:10 AM | Report Abuse

RIP Perdana


anson938
1393 posts

Posted by anson938 > May 22, 2020 12:25 PM | Report Abuse

Swipe out all the contra trader and those trader bought higher at 0.21-0.23..


SuperPanda
10195 posts

Posted by SuperPanda > May 22, 2020 12:42 PM | Report Abuse

has gave out warning, if today rpt out with loss, when market re open another drop


sallehch
39 posts

Posted by sallehch > May 22, 2020 1:17 PM | Report Abuse

18 cent menarik to buy


anson938
1393 posts

Posted by anson938 > May 22, 2020 1:32 PM | Report Abuse

Yup, 0.18 good buy


anson938
1393 posts

Posted by anson938 > May 22, 2020 1:33 PM | Report Abuse

Price will rally back If report out is good


SuperPanda
10195 posts

Posted by SuperPanda > May 22, 2020 2:02 PM | Report Abuse

still hoping for good report, you must be new to perdana


anson938
1393 posts

Posted by anson938 > May 22, 2020 2:37 PM | Report Abuse

collect first & keep


SuperPanda
10195 posts

Posted by SuperPanda > May 22, 2020 3:29 PM | Report Abuse

no point collect a falling knife, should collect at bottom 15c and below


anson938
1393 posts

Posted by anson938 > May 22, 2020 3:36 PM | Report Abuse

sure?


Expertise
707 posts

Posted by Expertise > May 22, 2020 3:50 PM | Report Abuse

Today Report out?


germaice
109 posts

Posted by germaice > May 22, 2020 4:07 PM | Report Abuse

In covid worst sector demand drop like commodities crude oil,oil palm,property,banking loan and tourism


germaice
109 posts

Posted by germaice > May 22, 2020 4:08 PM | Report Abuse

New normal this sector healthcare,Internet based e-commerce , API mobile marketplace ,delivery services and video conference beneficiary from covid19


anson938
1393 posts

Posted by anson938 > May 22, 2020 4:23 PM | Report Abuse

Price droping without much volume.Interesting....


anson938
1393 posts

Posted by anson938 > May 22, 2020 9:47 PM | Report Abuse

ICE Brent Crude (Jul'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 2:34:59 PM BST
34.86
-1.2 (-3.33%)

Brent oil rebounce back from the USD33


SuperPanda
10195 posts

Posted by SuperPanda > May 22, 2020 11:40 PM | Report Abuse

osv player not depends on oil price, its the charter rate and utilisation based on given contract


anson938
1393 posts

Posted by anson938 > May 23, 2020 9:37 AM | Report Abuse

Thanks for sharing ya


T800Terminator
1603 posts

Posted by T800Terminator > May 23, 2020 10:55 AM | Report Abuse

Heading to 0.135


Godofgambler
2563 posts

Posted by Godofgambler > May 24, 2020 12:14 AM | Report Abuse

Heading to 0.40
Crude oil price rock solid high


anson938
1393 posts

Posted by anson938 > May 24, 2020 2:18 PM | Report Abuse

Heading to 0.24 first before 0.30


Asia88
347 posts

Posted by Asia88 > May 24, 2020 3:45 PM | Report Abuse

last year q1 utilisation only 30%. I believe this year q1 won't be that bad.


anson938
1393 posts

Posted by anson938 > May 24, 2020 3:51 PM | Report Abuse

Asia88 ,Agreed with you


anson938
1393 posts

Posted by anson938 > May 26, 2020 12:50 AM | Report Abuse

ICE Brent Crude (Jul'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 5:39:53 PM BST
35.90
+0.77 (+2.19%)


Godofgambler
2563 posts

Posted by Godofgambler > May 26, 2020 1:26 PM | Report Abuse

Crude oil keep on climbing...
Perdana Tp0.40


Expertise
707 posts

Posted by Expertise > May 26, 2020 3:11 PM | Report Abuse

wow keep climb to usd40...good sign


anson938
1393 posts

Posted by anson938 > May 26, 2020 4:12 PM | Report Abuse

WTI Crude (Jul'20)
@CL.1:New York Mercantile Exchange
*Data is delayed | USD
Last | 4:01:15 AM EDT
34.34
+1.09 (+3.28%)
1D


spielmacher
297 posts

Posted by spielmacher > May 26, 2020 8:52 PM | Report Abuse

Perdana will be back and stay above 20 sen this week.

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