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2022-07-14 16:35 | Report Abuse
8c big barrier got bombed !!!!
2022-07-12 15:54 | Report Abuse
Big lao sai again ah !!!
Going to catch up with oil brother - Sapura Energy soon ah !!!!
2022-07-07 18:07 | Report Abuse
The problem is …. Gurus bought into good reputable oil companies not lousy non-performing oil companies ….
2022-07-07 09:58 | Report Abuse
My worry is since the sinking one of the “naga”, their reputation turned bad , can’t win contract , utilization rate staying at 40% plus ( burning cash with loss) F liao lah !!
2022-07-07 09:56 | Report Abuse
No eyes see d !
No announcement of winning contract , no plan, no news , no nothing , insiders are all quiet , what can you expect ?? Sth wrong with this lousy company !
2022-07-05 16:10 | Report Abuse
KYY has been dreaming on a kind of dream ..... what all little pinkies & chinese rubbers have been dreaming on ... "China dream " ... and keep dreaming , all chinese rubbers of Malaysia !
2022-06-30 18:24 | Report Abuse
No news / publicity from AGM aslo ?? Nobody bother to go there and give the board a good F for underperforming during super-bull oil run also ??
Like that jia lat liao lah !! meaning they are losing out in tendering for new jobs ??
2022-06-30 18:21 | Report Abuse
Shines
All I know Oil from $60 to $120, Velesto from 17 sen to now 11sen
..... IF oil hit $200, "Very-slow" will drop from 11 sen to 1 sen !!
2022-06-28 14:44 | Report Abuse
AGM today 2pm, any long suffering shareholders attending ??
2022-06-17 20:58 | Report Abuse
like one cantonese saying :-
Got money, people will treat you like brother,
No money, people will treat you like gigolo !
"Yao Qing jio Heng Tai
Mo Qing jio Kai Tai "
2022-05-26 10:05 | Report Abuse
This is a PKM punya company lah !!!!!!! :(
2022-04-05 11:58 | Report Abuse
p/s :- everyhting are just warfare strategy play just like history tells you and repeating ! whether they play it right or screw themselves out !!
2022-04-05 11:54 | Report Abuse
In international politics, you need to analyse from the long term perspective of China's ambition to be world number 1, now China has 3 choices :-
1. Pro-US, make friend with all their allies, improving international trades & develop their own technology by sharing with advanced countries ;
2. Pro-Russia, who will no doubt taking advantange of rich china like a beggar, making enemy with most advanced countries on earth;
3. Isolated themselves and be "middle country", end all international relationship and creat a self sustained economics and self developed their own technology to beat US etc
Obviously , which option could help China to achieve their "china dream" ?
In intenational politics, just the history tells you, you just need to sleep with your enemy or friend or whoever and it is a matter whether you chose the right sleeping partner , or else "beat aeroplane" yourself ..... to achive your dream ?!
stubbornly biased against one sleeping partner or another won't help ! They have to think logically !
As a joke, politics are job for the devils !! They propoganded morality, principles, consccience, humanity are just for show to cheat ordinary people, end of the day, devils will decide !! :)
US, Russia, England etc or even China themselves are all devils , depending how those devils sleep with each other !!
2022-04-05 11:28 | Report Abuse
https://en.wikipedia.org/wiki/1900_Amur_anti-Chinese_pogroms
The 1900 Amur anti-Chinese Pogroms were a series of killings and reprisals of Qing subjects of various ethnicities including Manchus, Daur people, Han in Blagoveshchensk and in the Sixty-Four Villages East of the River in the Amur region during the same time as the spread of the Boxer Rebellion throughout China by Russian authorities, ultimately resulting in thousands of deaths, the loss of residency for Chinese living in the Sixty-Four Villages East of the River, and increased Russian control over the region. The Russian justification for the pogroms were attacks made on Russian infrastructure outside Blagoveshchensk by Chinese Boxers, which was then responded to by Russian force. The pogroms themselves occurred between 4–8 July (Old Style, O.S.; 17–21, New Style or N.S.), 1900.
2022-04-05 10:20 | Report Abuse
All the while, US have been helping China in WW2, United Nation, economics growth as yet they are treated as enemy,
Russia have been massacred huge numbers of Chinese, robbing acres of land from them, taking financial advantages from china, and yet they are treated as "limitless ally" by CCP ??
2022-04-05 10:16 | Report Abuse
Yes, during WW2, Russia invaded and robbed acres of land from China & massacre huge number of Chinese citizen, and yet China CCP support them unconditionally & without limit ??
That 's what we called " old chinese way to resolve dispute" !
CCP shall surrender pieces of land to Russia as peaceful settlement as well !!
2022-04-05 09:11 | Report Abuse
How to settle peacefully with a tyrant dictator ?
As this Hitler-reborn war criminal wanted piece of the Ukraine land as "peceful settlement "
Why don't uncle Koon suggested that during WWII, China offer part of the land in China to Japan as peaceful settlement to end the war ?
2022-03-07 14:26 | Report Abuse
I suggest political-biased & ignorant Uncle KYY shall do more research or read more history books before he embarrased himself with his kinder-garden-political views again and again .... !
can you write more on share investment ? That's your expertise
2022-03-07 14:20 | Report Abuse
This very-slow counter, brent reach 200 already also "unchanged" !! haiz
2022-01-20 12:53 | Report Abuse
another political propaganda speech keeps playing on and on ..... with distortion of facts , reality and ...
only people as naive and brain-washed as uncle Koon keeps worshiping this dictator !
2021-12-28 15:29 | Report Abuse
https://www.theedgemarkets.com/article/petronas-says-positive-outlook-expected-next-three-years-oil-price-recovery-pandemic-sop
KUALA LUMPUR (Dec 28): Petroliam Nasional Bhd (Petronas) said on Tuesday (Dec 28) it expects a positive outlook for 2022 to 2024 for the national oil company on a recovery in crude oil prices, as well as relaxation of Covid-19 standard operating procedures (SOPs) and directives besides an increase in plug and abandonment projects for planned retirement of oil and gas wells.
Petronas said the information in its latest activity outlook report, which covers 2022 to 2024, is accounted for when a specific activity begins and not by contract award.
"The outlook for 2022 to 2024 is based on full-year utilisation. Actual numbers may vary based on campaign durations and/or optimisation, project deferment and cancellation, etc. Actual numbers are based on data as at October 2021.
"This report was developed based on currently available information from internal and external sources."
Petronas believes that the expectations of its management as reflected by such forward-looking statements are reasonable based on information currently available to it.
"The report provides information on activities within a three-year period from 2022 to 2024,” Petronas said.
According to the national oil company, as the world reopens and economic activities resume, the global economy is staging its most robust post-recession rebound with a speedy recovery seen across countries and sectors due to progress in vaccination against Covid-19.
Petronas said the pervasive roll-out of Covid-19 vaccines in 2021 provided support to the recovery of road transport fuel demand amid pent-up travelling demand.
"However, the aviation sector is only expected to return to pre-pandemic levels by 2024. The path towards sustained oil demand recovery remains fragile and uncertain due to the emergence of new Covid-19 variants that have triggered fresh waves of lockdowns.
"While most industry players are optimistic about the economic recovery, they still remain cautious. Thus, the smarter approach would be to strengthen efforts collectively and be ready to face oil price volatility,” Petronas said.
According to news reports, crude oil prices have risen around 50% this year to about US$80 (about RM334.68) a barrel, supported by recovering demand and supply cuts by the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+.
It was reported on Tuesday that Brent crude had risen seven cents, or 0.1%, to US$78.67 a barrel by 0115 GMT, while US West Texas Intermediate crude was up 18 cents, or 0.2%, to US$75.75 a barrel, Reuters reported.
Petronas, which sees crude oil prices at US$50 to US$60 a barrel between 2022 and 2024, said in the activity outlook report that the company remains prudent and will continue to adopt a lower-for-longer approach for its crude oil price expectations until the firm is confident that the current price uptrend is sustainable.
"Most industry analysts like research houses and banks publicly share this (US$50 to US$60 crude oil price) expectation. Companies may take a conservative approach in their assumptions.
"If oil prices recover for a sustainable period, we expect a higher number of greenfield and brownfield projects to become commercially viable, provided that we keep the cost at a competitive level. Thus, activities for the OGSE (oil and gas services and equipment) sector may increase accordingly,” Petronas added.
2021-12-27 13:10 | Report Abuse
For Donald Trump, under the US democratic system, there is check and balance to limit his absolute power,
For Xi Jin ping, under the present self-proclimed "China's domocratic system", there is none and china looks more like a one-man dictator's state .... very dangerous !!!
2021-12-27 13:07 | Report Abuse
I think Xi's "iron policy" in the past 2 years have scared many people off and have no confidence with china, as it may abuse its economic and military power without respect for rules of law !
Xi looks more and more like the yesteryear of Donald Trump !!
2021-12-27 13:01 | Report Abuse
China was the only major power to see an increasing level of distrust among Southeast Asians, with 63% saying they had little or no confidence that Beijing will “contribute to global peace, security, prosperity, and governance”, up from 51.5% in 2019. But most of this distrust of China was due to concerns that it may abuse its economic and military power, rather than doubts about its leadership, capacity or reliability.
2021-12-27 12:53 | Report Abuse
The issue can be simplified as such :- If majority of Taiwanese wish to unite with mainland China, they would have voted Nationalist party in last election and let the ruling party to initiate political unification process or have a refenrandum on this issue (like what happen to UK -scotland or Brexit) by the Taiwanese to decide.
The recent 4 major referendums all sided Democratic Progressive Party could only indicate that Taiwanese rather to remain autonomous instead of unite with mainland ! Most political analysts opined that Xi's policy on Hong Kong have scared off many Taiwanese to unite with CCP's autocratic system in China, more and more fence-sitters swing against them, so do South East Asia countries.
One survey in SEA reveals that 7 :3 SEA countries supported US rather than China if forced to take side (in fact this findings transformed from 7 :3 pro-china the previous year !) Those swing over countries (from pro-China to pro-US) are :- Malaysia, Indonesia, Campodia, & Thailand !
hard core pro-china :- Brunei, Laos & burmah
hard core pro-US :- Philiphine, Vietnam, singapore
Very interesting survey !!
2021-12-13 11:14 | Report Abuse
https://en.wikipedia.org/wiki/Uyghur_Tribunal
Uncle koon, go and do a proper research on this , btw, the tribunal hearing was broadcasted live in youtube for the whole wolrd to see and access with transparency, heard that UN will act and annouce some measure in the next few weeks!
2021-12-13 11:10 | Report Abuse
This pitiful uncle koon has been brain-washed by CCP's political propaganda until developing what psychologist called "confirmation bias" !
No wonder he keeps getting con by china-based companies eg Xinquan etc
2021-12-09 11:08 | Report Abuse
JP Morgan Predicts The End Of Covid, A Strong Economy, And $125 Oil
By Tsvetana Paraskova - Dec 08, 2021, 12:00 PM CST
JP Morgan believes that things are looking up for the global economy next year and consumption will remain strong for years to come
The bank highlights inflation, the Chinese economy, and the transition from a pandemic to an endemic disease as the three economic factors to watch moving forward
This prediction for a vibrant economy supports the banks earlier claim that oil prices could hit $125 per barrel next year
Next year could lay the foundation for "a far more vibrant economic environment" and COVID transitioning from a pandemic to an endemic disease, JP Morgan said in its Outlook 2022, titled 'Preparing for a vibrant cycle.'
According to the investment bank, household net worth is at all-time highs in many developed countries, and excess savings are elevated. Consumption will likely be strong for years amid strong labor market conditions and the capacity to take on more debt, JP Morgan's strategists said in the report for 2022.
"Although we see clear potential for a more vibrant economic cycle, the environment is also fraught with cross-currents. We are confident the economic expansion will continue through 2022, but its strength will likely be determined by the monetary response to inflation, the relative success of Chinese policymakers in rebalancing their economy, and the pace of the transition from a pandemic to an endemic disease," the bank noted.
A vibrant economy means robust demand for oil, and JP Morgan even said last week that crude oil prices could soar to $125 per barrel in 2022 and $150 in 2023 due to OPEC's limited capacity to boost production.
The Omicron variant that has spooked markets over the past two weeks could be the beginning of the end of the pandemic, JP Morgan strategists Marko Kolanovic and Bram Kaplan wrote in a note last week, as carried by Bloomberg.
If the new variant turns out to be less deadly, it would fit the historical patterns of virus evolution. This would be bullish for risk markets as it could suggest the end of the pandemic is in sight, the strategists said.
Bill Gates also expressed optimism that the end of the pandemic could be in sight at some point next year.
"I am hopeful, though, that the end is finally in sight. It might be foolish to make another prediction, but I think the acute phase of the pandemic will come to a close some time in 2022," Gates wrote in his 'Year in Review' blog post on Tuesday.
By Tsvetana Paraskova for Oilprice.com
2021-12-09 11:01 | Report Abuse
Despite many analysts give TP from 0.23-0.30, even The Edge's Tong's fundamental portfolio purchased it at 0.16, the accounts show very healthy cashflow with low gearing ratio, ..... etc
Veryslow remains Veryslow .... :(
2021-12-07 17:31 | Report Abuse
https://www.thestar.com.my/business/business-news/2021/12/07/velesto-likely-to-close-2021-with-solid-performance
It rated the stock a “buy” with an unchanged target price of 23 sen per share and said its target price is pegged to a one time enterprise value to replacement value valuation.
2021-12-04 11:29 | Report Abuse
https://www.youtube.com/watch?v=W9JZIuGZ0WY&t=152s
very good fundamental analysis on Harta !
2021-12-04 10:55 | Report Abuse
You see other oil & gas companies eg armada, Yinson , dialog etc keep reporting profit Q after Q or winning contracts everywhere, but Very-slow still no positive annoucement , how not to negative ?? They are waiting for Petronas s contract only ! Now Petronas new CEO has been tightening the belt, and hesitate to award contracts, like that F liao loh !!
2021-12-01 12:51 | Report Abuse
Basically, Petronas don't award new contract, this company will die or loss !!!!
Petronas becomes their only sugar daddy !!!
2021-11-26 21:01 | Report Abuse
Qtr result will be bad !! might be loss !!
2021-11-20 22:22 | Report Abuse
Uncle Koon, please don't write on internaional politics, your knowledge in this filed is at kinder garden standard !!
2021-10-27 15:41 | Report Abuse
what next ?
Karim to sue Bursa, SC, EY, independent directors, i3investor.com , leno , all forumers go against him etc .... ??? lol
2021-10-27 15:31 | Report Abuse
The latesr Edge edition Tong's portfolio, he added Velesto in his Malaysian Portfolio and gave a detailed analysis on this company's fundamental !
TP = 0.30 as per its NTA !!
Add more shares before most fund managers discover this hidden gem and pump it UP higher !!
2021-10-21 16:46 | Report Abuse
Forget $100, Options Traders Now Betting On Oil Prices Hitting $200
By Tsvetana Paraskova - Oct 19, 2021, 7:00 PM CDT
$100 Oil is no longer an ‘outrageous’ bet in the call-options market
Some speculative traders are now betting on $200 oil in December 2022
For those betting on $100 oil, the leader of the OPEC+ alliance, Saudi Arabia, has a message: look beyond the end of this year; an oversupply is coming next year
2021-10-21 16:43 | Report Abuse
Even after hitting the highest levels in several years in recent days, oil prices have further room to rise this winter. At least short-term market fundamentals suggest so, analysts say. Inventories around the world have fallen to below the pre-pandemic five-year average as stocks are depleting, with demand bouncing back amid a weaker supply response from producers. The energy crunch in Europe and Asia and record-high natural gas and coal prices add more arguments to the bullish case for oil in coming months as a switch from gas to oil products such as fuel oil and diesel, especially in Asia, is already underway.
The structure of the oil futures curve a year from now also points to a tight market and headroom for higher crude prices.
Stocks Draw As Demand Rebounds
On the demand side, recovering economies and mobility have boosted global oil demand in recent months, leading to inventory drawdowns that have reduced global stocks to below recent averages.
In both the United States and the OECD developed economies as a whole, commercial oil stocks have dropped to below pre-COVID five-year averages after more than reversing the huge builds from the spring and summer last year, Reuters market analyst John Kemp notes.
As of the latest reporting week, U.S. commercial crude oil inventories stood at 427 million barrels, around 6 percent below the five-year average for this time of year. Gasoline inventories were about 2 percent below the five-year average, distillate fuel inventories were 9 percent lower, while propane/propylene inventories were a massive 21 percent below the five-year average for this time of year, the latest EIA data showed.
In OECD, commercial stocks in August were 162 million barrels below the pre-COVID five-year average, the International Energy Agency (IEA) said in its latest monthly report last week. Preliminary data for the U.S., Europe, and Japan show on-land industry stocks fell by a further 23 million barrels in September.
Related: Exxon Considers Abandoning Major Oil And Gas Projects To Appease ESG Investors
Globally, implied Q3 refined product balances “show the largest draw in eight years, which explains the strong increase in refinery margins in September despite significantly higher crude prices,” said the IEA.
The energy crisis in Europe and Asia could additionally boost global oil demand by 500,000 barrels per day (bpd) compared to a “normal” market without a natural gas and coal crunch, the agency noted, raising its 2021 and 2022 global oil demand forecasts.
Supply Lags Demand As OPEC+ Keeps Market Tight
While demand has rebounded despite the summer COVID flare-ups in the U.S. and Asia, supply additions to the oil market have been lagging behind the pace of growing demand.
First, it was Hurricane Ida that limited U.S. oil supply from the Gulf of Mexico from the end of August through most of September. Supply will not recover to its full capacity until early next year, as a Shell-operated platform will remain offline until the end of 2021.
At the same time, the OPEC+ group continues to keep the market tight, adding just 400,000 bpd each month to its overall supply. That’s despite calls from the U.S. and other consuming nations to open the taps and tame the high oil prices, and despite the energy crisis which has forced utilities to fire up oil-fueled power generation amid record-high natural gas prices, boosting demand for oil products.
OPEC+ leaders point to expected oversupply next year and to the need to look beyond the next two months in their decision to continue to reverse only 400,000 bpd per month of their cuts.
Saudi Energy Minister, Prince Abdulaziz bin Salman, last week basically ruled out the option that the alliance would respond to the oil price rally by adding more supply than planned.
“We should look way beyond the tip of our noses. Because if you do, and take ’22 into account, you will end up by end of ’22 with a huge amount of overstocks,” he said on Thursday.
Related: Oil Prices Dip As China Considers Market Intervention
Moreover, output figures point to the fact that OPEC+ is actually pumping well below its collective production ceiling. As per Bloomberg’s estimates, if all members of the alliance stuck to their respective production ceilings in September, the overall production of the group would have been 747,000 bpd higher than what it was.
It looks like OPEC+ is not too worried about demand destruction at $85 oil, at least not for now. The group’s leaders stress the importance of a longer-term vision and stability on the market, expecting increased supply in 2022 from both their own wells and from the U.S. shale patch, which appears to be maintaining its capex discipline even at $80 oil.
‘Blowout’ Backwardation Points To Even Higher Oil Prices
At the end of 2021, however, supply remains tight, while backwardation—a key indicator of a tightening market—between the December 2021 Brent contract and the December 2022 contract h
2021-10-18 11:53 | Report Abuse
SHould propose to the board to change the company name to "VELEFAST" !! LOL
2021-10-18 11:52 | Report Abuse
Hope "very slow" will explode into "very fast" eventually !!!
2021-10-18 11:51 | Report Abuse
"Very Slow" will slowly and steadily WAKE UP !!
2021-10-12 13:47 | Report Abuse
This is a Velesto ("very slow") oil counter !!!!!
2021-09-28 10:34 | Report Abuse
Uncle Koon is super lousy in international political anaylsis !
His heavily-biased pro china's posts don't know want to make me laugh or cry ?
can somebody please ask him to do more reading and research before he write on international polictic ? sounds like a kindergarden level to us !!! ><
2021-09-07 10:22 | Report Abuse
dividend to be paid on 8-10-21
2021-08-26 11:01 | Report Abuse
The borrowing is cut to half with net gearing 0.1x !
meaning shareholders no need to worry about this company going bankrupt or issuing rights issue to ask for more money from shareholders !!
Insurance money help to reduce debts + increase rig utilisation rate during slow economic time !!
Stock: [VELESTO]: VELESTO ENERGY BERHAD
2022-07-14 16:38 | Report Abuse
Macgyver ,
I agree with you ... but the resistance price keep being bombed everyday non stop !!
only two possibilities :-
either insider / big shareholders know sth bad we don't or
too many shareholders over reacted and panic selling ??