Petra Energy Bhd is an investment holding company which provides a range of integrated brownfield services for the upstream oil and gas industry in Malaysia. It operates through Services, Marine Assets, and Production and Development and Production segments. The company offers services in construction commissioning and maintenance, engineering, operations and maintenance, oil field optimization, retrofits, domestic vessels re-charter, geophysical, design, and fabrication of process equipment; and packaging and supply of engineered equipment, as well as project management, procurement, and logistic services.
Last traded price 89 sen. Latest EPS 7.57 sen for quarter ending Sept 2022
Dayang Enterprise Holdings Bhd is an investment holding company. The company provides offshore topside maintenance services, minor fabrication works and offshore hook-up and commissioning services for oil and gas companies. It also offers chartering of marine vessels, and equipment hire operation. Its operating segments include Topside maintenance services, Marine charter and catering income, Equipment hire and Investment holding. Dayang generates most of its revenues from Topside maintenance services.
Last traded price Rm 1.30. Latest EPS 4.57 sen for quarter ending Sept 2022.
Both companies are providing similar kind of services to Petronas and Sarawak Oil Company which will not stop pumping oil even if oil price drops and they will continue to have work to make money.
By comparison Petra Energy should be a better stock to buy.
This announcement is dated 18 June 2021
Sarawak’s State-owned Oil & Gas Company, Petroleum Sarawak Bhd gave a long term contract of 29 years. Phase 1 of the Contract is for an initial four (4) years with an option to extend for another year. Upon successful outcome of Phase 1, the subsequent Phase 2 will involve the development and production activities.
This announcement is dated 9 Dec 2022
Petra Energy has been awarded a contract amendment and extension for the Provision of Offshore Maintenance, Construction and Modification (MCM) Services from PETRONAS Carigali Sdn Bhd.
The value of the Contract is based on work orders issued by PCSB throughout the extended contract duration effective from 20 September 2022 until 31 December 2023.
Petra Energy is sure to make profit because the work orders are based on cost plus.
The announcement is dated 3 January 2023
Petra Energy had entered into a Supplementary Agreement with Petroliam Nasional Berhad (“PETRONAS”) relating to the Production, Operation and Maintenance of the Banang Field Technical Service Agreement (“Contract”) with effect from 29 September 2022 for a period of twenty-two (22) months until 6 August 2024.
The duration of the Contract is for the period of twenty-two (22) months from 29 September 2022 to 6 August 2024.
The Contract is expected to contribute positively to the earnings and net assets per share of PEB Group for the duration of the Contract.
This is a photo of an oil rig
Chart | Stock Name | Last | Change | Volume |
---|
Created by Koon Yew Yin | Mar 04, 2024
All property developers have just announced their annual profit for 2023. All of them reported increased profit.
Created by Koon Yew Yin | Mar 04, 2024
Although my writing of this article sounds boastful but I feel that it is important to keep this record for posterity. Engineers play a pivotal role in shaping our modern world.
Created by Koon Yew Yin | Mar 01, 2024
What can KSL do to benefit shareholders? I hope all the shareholders will read this article so that they can attend the coming annual general meeting to vote out those directors who are seeking re...
Created by Koon Yew Yin | Feb 29, 2024
After the stock market closed, KSL announced its 4th quarter ending Dec 2023 EPS of 12.74 sen. The total is 40.76 sen for 4 quarters. Its total EPS for 4 quarter ending 2020 was only 17.8 sen.
Created by Koon Yew Yin | Feb 29, 2024
KSL is the cheapest in terms of PE ratio. KSL Holdings Bhd is a holding company. It is engaged in real estate services.
Created by Koon Yew Yin | Feb 26, 2024
Several economists and local industry representatives are confident that Malaysia’s gross domestic product (GDP) growth will strengthen this year, despite easing in the final quarter of last year.
Created by Koon Yew Yin | Jan 08, 2024
KSL price chart is super bullish as shown below. KSL last traded at Rm 1.33.
Created by Koon Yew Yin | Jan 02, 2024
Someone has been using my name to promote initial public offer (IPO) shares. I just received this last night.
Created by Koon Yew Yin | Dec 18, 2023
Malaysia is the 16th largest fossil fuel producer in the world. According to Statista, the export value of crude petroleum in Malaysia was valued at approximately 31.55 billion Malaysian ringgit ....