|
| |
Overview
Financial Highlight
HeadlinesBusiness Background Petronas Gas Bhd is a Malaysian gas infrastructure and utilities company of which Malaysia’s nationalized oil corporation, PETRONAS, holds a majority interest. Petronas Gas segments its primary operations into Gas Processing, Gas Transportation, Utilities, and Regasification businesses. While each of these contributes significantly to the company’s total revenue, its Gas Processing and Gas Transportation units combine to generate the majority. In Gas Processing, Petronas Gas receives processing fees under multi-year contracts by processing natural gas piped offshore for its parent company, PETRONAS. The Gas Transportation business encompasses the transmission of offshore natural gas through pipelines to customers in Malaysia and Singapore under multi-year agreements with PETRONAS.
  RedEagle https://www.tadawul.com.sa/wps/portal/tadawul/markets/equities?locale=en 05/04/2020 11:29 PM tkl88 Oh My goodness, Oil price was unbelievable spike up to the sky high ! As at 4.35am, Nymex => $26.09 (+2.46) (+10.41%) Brent => $33.54 (+1.67) (+5.24%) 09/04/2020 7:06 AM tkl88 Oil Spikes After Algeria Says OPEC+ Cuts Could Reach 10 Million Bpd By Julianne Geiger - Apr 08, 2020, 2:20 PM CDT https://www.google.com/amp/s/oilprice.com/Energy/Oil-Prices/Oil-Spikes-After-Algeria-Says-OPEC-Cuts-Could-Reach-10-Million-Bpd.amp.html The price of a West Texas Intermediate barrel of oil shot up on Wednesday afternoon by nearly 7% shortly after OPEC’s President gave the market fresh optimism about tomorrow’s virtual OPEC++ meeting. “The meeting will undoubtably be fruitful in order to rebalance the market through measures we will take tomorrow,” Mohamed Arkab, OPEC’s President and Algeria’s Energy Minister told state news agency APS, according to Reuters. While an intangible statement, the optimistic words spoken by the OPEC President seem to be just what the doctor ordered for the volatile markets as speculators try to make the most out of the oil-price plunge. As a result of today’s spike, trading of the biggest oil ETF, the United States Oil Fund (USO), had been halted temporarily. Trading of the USO has since resumed. The USO is trading up 4.03% as of 3:03pm EDT. All eyes remain on the potential deal that OPEC group may come up with tomorrow in what could be the largest oil production cut deal ever. Signatories to the deal could include, in addition to OPEC, Brazil, Norway, Canada, and all the OPEC+ countries that signed onto the previous deal. While some are hoping that the United States may join in the cuts, a formal agreement between the US and other oil producers appears unlikely. Saudi Arabia and Russia, together responsible for producing more than 22 million barrels per day, are expected to make or break the chances of a production cut deal. A 10 million bpd figure has been discussed by meeting attendees in the run-up to the meeting, although that figure would be insufficient to offset the loss in oil demand that the market has seen due to the coronavirus. By Julianne Geiger for Oilprice.com 09/04/2020 7:12 AM masterus MELBOURNE/SINGAPORE: Oil prices rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with a coronavirus-driven collapse in global oil demand. Brent crude futures rose 1.2%, or 41 cents, to $33.25 a barrel as of 0529 GMT. The contract rose to an intra-day high of $33.90, climbing for a second day. 10/04/2020 9:16 AM masterus Which crude oil do you want to buy. As consumers, will buy cheaper one. If home production one is expensive than imported one. Import crude oil better or use the home made production better. Guess what. 20/04/2020 9:29 AM tkl88 Wow, Fantastic ! Dow Jones spike up to closed at=> 23,475.82 (+456.94) (+1.99 percent) ! 23/04/2020 8:07 AM tkl88 Wow, Fantastic, Oil price started it’s bull run again ! Nymex closed at=> $13.78 (rose +19%) Brent closed at=> $20.37 (rose +5%) 23/04/2020 8:09 AM tkl88 International oil prices rebound following Trump warning April 22, 2020 8:09 pm by Myles McCormick and Joe Rennison in London, Hudson Lockett in Hong Kong and Matthew Rocco in New York Brent bounces back from two-decade low after US president takes aim at Iranian vessels Oil prices rebounded on Wednesday after Donald Trump stoked Middle East tensions, saying that he had ordered US warships to “shoot down and destroy” Iranian vessels if they posed a threat. The US president’s intervention sent Brent crude back above $20 a barrel after the international benchmark had tumbled to its lowest level since 1999 on concerns over the collapse in global oil demand. The declaration from Mr Trump also helped buoy the high-yield bond market, which is heavily exposed to the fate of energy companies. BlackRock’s iShare high-yield bond exchange traded fund, known by its ticker HYG, rose 1 per cent, having dipped 1.8 per cent on Tuesday. “I have instructed the United States Navy to shoot down and destroy any and all Iranian gunboats if they harass our ships at sea,” Mr Trump wrote in a tweet. The prospect of renewed tensions in the Middle East gave crude a lift during a week where prices have struggled to contend with an evaporation in demand triggered by the coronavirus pandemic. Brent rose as high as $22.45 a barrel and settled at $20.37, up more than 5 per cent on the day. The energy sector helped lead a rally on Wall Street that sent the benchmark S&P 500 up 2.3 per cent following two days of falls. The tech-heavy Nasdaq Composite closed up 2.8 per cent. West Texas Intermediate, the US marker, rose 19 per cent to $13.78 a barrel. It almost halved during the previous session and earlier in the week fell into negative territory for the first time as producers were forced to pay buyers to take oil off their hands ahead of the expiry of futures contracts. Brent crude remains down about 27 per cent so far this week. Oil production levels have remained robust even as the virus destroys demand, creating a supply glut. An unprecedented cut of almost 10 per cent of global supply by Opec and its allies will take effect next month, but traders worry it is not enough to offset the collapse in consumption. The head of the International Energy Agency on Tuesday called for the output reductions to be expedited and deepened. Opec members met by phone overnight, but there was no sign they would change their plans. 23/04/2020 8:12 AM tkl88 Wow, Fantastic ! Oil price continue to spike up to sky high! Nymex closed at => $24.62 (+1.07) (+4.54 %) Brent closed at => $30.88 (+1.42) (+4.82 %) Huat ah ! Heng ah ! Ong ah ! 09/05/2020 12:42 PM mikeazk Anybody have idea why last 15 min the PETGAS price drop from 14.96 straight to 14.84, without even going thru 14.94, 14.92... etc? 12/05/2020 8:32 PM RezekiBanyak KLCI fail to beakthrough 1450 today, tmr all drop before long week end 21/05/2020 11:17 AM masterus Chinese Oil Imports To Rise In 2020 Despite Coronavirus Despite the low oil demand during the COVID-19 outbreak in China, the world’s top oil importer is set to increase its crude oil imports by 2 percent in 2020 22/05/2020 6:35 AM darkness 22. COMMENTARY ON PROSPECTS last pharagraph.... "The current COVID-19 pandemic is not expected to significantly impact the Group’s overall earnings as the Group’s business model and long-term contracts ensures steady revenue streams, particularly for Gas Processing,Gas Transportation and Regasification business segments" Petgas will be very defensive during the downturn.... 28/05/2020 4:03 PM  James Ng https://klse.i3investor.com/blogs/general/2020-06-04-story-h1508011642.jsp [转贴] [Facebook live video:浅谈Petronas Gas bhd (PetGas)] - James的股票投资James Share Investing 04/06/2020 9:23 PM mf U.S. Cases Up 1.4%; New Data on Kids and Contagion: Virus Update Bloomberg News 19 July 2020, 06:53 GMT+8 Updated on 19 July 2020, 11:52 GMT+8 19/07/2020 12:46 PM ABSBOSS https://www.theedgemarkets.com/article/high-court-grants-petronas-tnb-interim-stay-against-irb-multibillion-tax-claims?type=malaysia 10/08/2020 2:13 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ Resilient. Declared a big dividend this qtr. 19/08/2020 7:32 PM ABSBOSS https://www.theedgemarkets.com/article/petgas-2q-net-profit-rises-88-declares-16-sen-dividend?type=malaysia 19/08/2020 8:50 PM chtan33 bumper dividend.... in long term, this is certainly a better stk than gloves, as its position is nearly monopoly, cost of entry is simply too high for any other competitor to come into this field 20/08/2020 8:29 AM ABSBOSS @lychien20 many assume petgas will drop got IB gives price target 12.80 only.. We will see tomolo if special div will attract investor 20/08/2020 4:21 PM tkl88 Wow, Amazing ! Oil price continue to spike up ! Brent=> $45.87 (+0.27) (+0.59 %) ! 29/08/2020 8:01 AM  Sami_Value Petgas also defensive & dividend yield play but the setback was there is no strong growth catalyst foreseable 10/09/2020 3:23 PM  |
|
