Fingers crossed for oil and hibiscus
🌺

Alam is a good stock. Hard working employees.
But it seems that mgmnt does NOT care about balancing books at all.
Need to change top guy.

Raymond is the star of IHH forum. REad blog with interest. But why success taken out ?

What happened today. Train wreck in slow motion. All due to crude oil price ?

I had an investment account there. Service was poor. Charges high.
May be still ok as investment ...

I agree. Common sense company here with good fundamentals.

Highly rated but maybe already all included in price you pay.

Not bad. But tell me when we reach RM 5.00.

Oil a bit down but things are still looking good. Hang in there.

As far as I know from original Bursa anouncement Kraken was restored to 100% of pre shut in production.

Wow, this is something !!! Great news ...

Twynstar, thanks for info.
I also have armada and investigated their co2 capture potential.
I see it only as PR material. No business value.
My personal opinion.

There is no way that hibiscus should take such high risk of carbon capture business. Leave CO2 for oil major who greenwash their business and pretend to be new energy type is right thing to do.

Sanusi's brother took many, many years to complete the bungalow. Do we really have many years to complete the project ?
On the positive note, this is hardly a surprise. There were many strange indications, starting with the fishnet excuse. Let us see what comes next. Insiders already offloaded. I expect price to go up now.

Amazing news. Many thanks to Niki.
Now, let us wait for updates from IB on their financial impact forcasts.
They will self congratulate themselves on mis-estimating the cost and raise targets from the day after tomorrow....

Hold off your sale that you may have in the queue.

Not possible to replace Kraken FPSO. It is mostly water lift and water injection systems with specialized modules for process of heavy oil with little gas. At the same time Kraken could not be used elsewhere without major modification. Better for all to keep it there.

What is going on here ... big volume ... no anouncement.
Going down !!!

In my opinion, reputation of BAB is already seriously diminished by:
* Armada Claire underperformace and legal loss
* Armada Kraken impairments and shut in
* Armada Sterling delay (client's fault)
They are probably considered for projects only at severe discounts in light of questionable reliability.
Fixing existing issues would help. And time will have to pass to establish credibility.
Greedy Gary has to prove the competency of the company or he will be trapped with his 30+ mln subsidized shares.
He made the decision to forego Cameia project planning for long term, I hope.
Easy way out would be to get project, create publicity, sell out.

Good point about Sterling V being client's fault. Also Armada Claire may be caused by Woodside abusing contract clause where there was NO serious underperfomance. And Kraken delay was caused by unpredictable difficulties .... emulsions, water injection issues, etc. Agreed. But in the end it is not helping us, investors. And I cannot think of Yinson having such issues while handling more projects than armada.
______
Armada Sterling V delay is client's fault not Armada`s.

I agree with Greedy Gary on this one. Can't make a profit, then sit tight. Better fix the HSP Transformers and get the first oil at Armada Sterling V. No need to get involved in another disaster.

Well, 8 months later the stock did not go anywhere. Let us wait for CPU to appreciate.

Well, this counter looks good. Ready to break the ceiling. Looking for some funds.
I wonder what was keeping it down all year, or so ?
I think I will help with a small investment.

For armada investors, being tolerant of pain, disappointment and delay is necessary.
Then there are rewards long term.
Greedy Gary (CEO) is buying or loading up on free / discounted shares.
That is a good sign.

Brace yourself for a strong selling action. Hope it will be short lived. 0.93 and below
Crude oil will drag hibiscus 🌺

Darn, I begin to like it. Maybe I will tap in a bit.

Oh my gosh. I was actually looking for teck guan and ended up here. Sorry for the intrusion. I am gone.
:-)

Would do good to update this article. Even opening hours have changed.

Looks like another good day of consolidation for hibiscus 🌺

I read the anouncement from Indonesian Ministry of Energy that Niki Chong provided.
What Bumi Armada won is the right to carry out seismic testing. (Tender 1).
Other tenders (2 and 3) involved exploratory wells.
__________________________________________________________
1.
Akia
Fleet Consortium Etan Limited &
Pexco Tarakan NV
Study G&G;
Acquisition and reprocessing of 750 km2 3D seismic data

I had a quick look. It seems to me that it is not difficult to collect at rock bottom price of 0.065.
When I get my hands on some cash ...

Not a very good day for oil stocks, but good day for crude oil

🛢

Is this company planning to generate any profit at all ?
They seem to just go in loss like it is the normal part of business.

Now, that does NOT seem fair. Stuffing minority shareholders with ticket that company knows will stop to trade.

I read this article with great interest. Good topic, catching story. But no substance. No prediction of demand, supply, cost. Just pulling prices out of thin air.
New way of writing.

Very good action on back of brent oil. Hold on and be thankful later.

Sell ? I am thinking of buying more. Entry below RM 1.

Normally the EPCC+ contractor has to operate the unit until the PAC (Performance Acceptance Certificate) which may take 6 months ++. So good prospects for extra revenues for Armada.

I remember discussing with someone here that Armada Sterling V will be 6+ months offshore on site, and most here agreed that it would NOT be that long. And there we are, already in month 8, no sign of any certificate, or even first oil.

This really is a rocket outfit lately. Nothing in O&G comes close in performance in last month. I think I missed the boat. From low 60s to high 80s in a month.

This really is a rocket no. 2 after Hibiscus. Nothing in O&G comes close in performance in last week. Except that is still in the range. Rangebound or trapped.

This really is a rocket. Nothing in O&G comes close in performance in last week.

RayLee, I agree. I actually switched from Yinson to Armada 3 years ago. Both companies have similar staff (from Msia), use same equipment and shipyards, etc. So they should have their share of problems too. Yinson just does better PR. Time will even things out eventually. We were doing good before Kraken.

At one time I tried to find negative stories about Yinson. I searched for FPSO delay, stoppage, failure, problem, issue etc. on google and came up with nothing on Yinson. But a few armada articles came up.

My guess is that all the history of underperformance, suing clients in Australia, previous issues with Kraken, problems in Nigeria, etc. resulted in negative reputation. Client chose someone else to operate an asset that Armada created and had experience with.

I had it for 5 years. Made miniscule profit. But still, better than other energy counters.
Giving it another look.
Maybe this time ?

Looking weak today ... despite good oil price.

After some research - looks good to me.

A momentous charge towards RM 1,00 coming up.

New contract to be anounced ? Insiders in the know are buying ...

Thank you for that great update confirming that all is being handled, Niki.

Very interesting article (Fat/thin). I recommend.