Oil price up but "Very-slow" down !!!!
PKM

Calvin Tan's faulty analysis exposed !! LOL !

I haven't seen uncle phillips in I3 ages ago !
Maybe he has woken up already and dare not comment here anymore ??

calvin Tan. I remember your nemesis Uncle Phillips highly recommended it last year and could not stop promoting the company everyday, how is he doing ? dumping all shares already ??

Hope that the CEO or board work hard to secure more contarct for their rigs, fully utilize all their rigs then share price only can PECUT back to 40 cents !!!!!!!

Bursa's new norm :-
Quarterly result record profit , share price DOWN, (most gloves counters)
Quarterly result huge loss, share price UP !!

The reason for thsi company is :-

"Due to the (+ the lousy managment by the imcompetent Board & CEO), the Board is of the opinion that the financial performance for 2021 will continue to be challenging,"

Other oil & gas companies can report profit, where can't you ??? because of your lousy management !
Resign and balik kampung lah !!! Let a capable CEO to take over !!
LEt's go to the AGM and voice out this lousy CEO !!!!

this lousy GLC-running company can be another MAS in the making !!!
Loss so many years one day go private by offering 5 cent by PNB !!!
PKM punya company !!!!!

This company too heavily relies on Petronas !
If Petronas tak mahu cari gali , Velesto's result will be bungkus-ing !!!!!!!
Not like Armada, Sapura, KNM etc... venture overseas to win contract lah !!!

This company is really P K M liao !!!!!!

semua oil counters sudah berpecut, "very slow" masih tidur !!!!!

ini PKM punya company !!!!

Velesto = sound like " very slow" ! lol

This counter is crawling as slow as turtle !!

Ini PKM punya company !!!!

I guess Calvin Tan 's too many chun chun calls has left him chun chun bankrupted by his own chun chun calls !! lol

reach RM1.00 can laugh all the way to bank already lah !!

By end Feb, TP= at least 20, end March = 20-40, end 2021 (when oil price reaches 100), TP = 1.00 !!!!

kaunter ini lambat macam kura-kura . . . . . . z z z z

Even Sapura go overseas and get RM1.8bil contract, Velesto still getting zero contract ??? Apalah CEO ?? All rigs still under-utilized ? 30% only ??

Velesto s CEO shall go and approach other oil major to get rig contract, surely oil back to USD60, pre-covid level, many oil majors are interested to produce oils for good profit !!!

petronas 's lousy CEO, pls do sth and award rig contracts , oil price shoot up already still doing nothing ? tak mahu gorek oil kah ? Government makan apa ??

2025 TP = 100 !!

YES !!! New TP 20 coming by end Feb !
TP 30 by end March !!!

Should sack petronas CEO for slow in awarding contract !!

So it means foreign institutions has been "short squeezing" local shorties ?? :) :)
Bursabets are frauds & fakes ?

https://oilprice.com/Energy/Energy-General/Goldman-Expects-Oil-Demand-To-Rebound-To-100-Million-Bpd-By-August.html

There is another possibility that due to under-investment in capex last year and this year, supply of oil will be tight and eventually it will shoot the oil price UP to 65 when the demand picking up !!
By that time Velesto can demand for high charter rate as many rig companies might close shop

Use backside to think also knows the QR will be Loss !!
No rigs contract awarded , how to profit ??

Oil price out also no use lah !
Ask big bro Petronas give out more rigs contract to Velesto then only can pecut !!
Sack this new petronas CEO ! very kedekut and reduce capital expenditure !!

The way I am reading into this is :- what fund mangers + syndicates are trying to do now, is to press down the share price of all glove stocks, so they can collect them in dirty cheap price !

If you are patient enough to ignore the share price movement, you will win big in the medium terms (when those big funds have collected enough and change tune to fry up with hot news)
If you are impatient and cut loss now, then you fall preys to thier tactic and selling cheap for them to collect !!

This Focus Malaysia is a big shame of malaysia !
I have long boycotting them (stopped buying their papers) !
If one day I come accross any Focus Malaysia old papers, I will use them to wipe my dogs' asses as shit are where they belongs and should Focus on !!

This Focus Malaysia is a big shame of malaysia !
I have long boycotting them (stopped buying their papers) !
If one day I come accross any Focus Malaysia old papers, I will use them to wipe my dogs' asses as shit are where they belongs and should Focus on !!

This Focus Malaysia is a big shame of malaysia !
I have long boycotting them (stopped buying their papers) !
If one day I come accross any Focus Malaysia old papers, I will use them to wipe my dogs' asses as shit are where they belongs and should Focus on !!

https://www.msn.com/en-my/news/national/norway-warns-of-covid-19-vaccine-risk-after-23-die/ar-BB1cNzKM?ocid=msedgntp
Norway warns of Covid-19 vaccine risk after 23 die

when is Harta reporting thier last quarter report ? sometime this month right ??

JP Morgan is manipulating the market !!

What Kuan's message is : the world will also have to live with GLOVE ‘forever’ !!!!

In short, the oil price will go peak after covid-19 because most oil majors cut capex !
Supply drop, demand UP... oil price UP !!!!! (back to 100 ? maybe !!)

https://oilprice.com/Energy/Oil-Prices/The-Oil-Industry-Is-In-Dire-Need-Of-Investment.html

go and read this report also !

highlight :-
" 2021 could be a watershed year for oil markets, in which falling investments and bankruptcies will create a supply crunch the likes of which we have never seen before. With an ever-growing list of delayed upstream projects and FIDs, the threat is growing. In a report by the International Energy Forum (IEF) and consultancy BCG in December 2020, warnings were given that lower CAPEX levels and low investment appetite will be a real threat to markets. OPEC, IEA, and others, have already made it clear that cumulative hydrocarbon related investments are dwindling. As OPEC has indicated before, investment volumes of around $12.6 trillion are needed to keep the oil supply for the coming decades at the current level. Norwegian oil consultancy Rystad Energy said that even though demand has declined in 2020, 2019 levels could return before 2024/25, necessitating future upstream spending of an average of $380 billion p.a. over the long-term. The need for large scale new investments is clear, as the upstream sector has already been fighting an uphill battle to get access to the necessary investment volumes in recent years. Larger investments are necessary to avoid a future of higher prices and increased market volatility. Inadequate investments will set off another wave of unwanted boom-and-bust pricing. With oil majors indicating that CAPEX reductions will be in place throughout 2021, and some even seeing 2022 as a difficult year, production is undoubtedly being threatened.

Technology alone cannot be the savior. IEF research indicated that every dollar of CAPEX that is cut today will have twice as powerful an effect in terms of reducing activity as the cuts made following the 2014 fall in prices had. As demand for oil and gas is expected to increase after COVID, low CAPEX supply will become a major constraint. At the moment, no real new immense oil and gas resource is available to counter demand growth without trillions of investment dollars being poured in.

A peak oil investment crisis is in the making. The current financials of most IOCs and leading NOCs are not accounting for peak investment requirements. As the IEF report clearly states, industry investment will have to rise over the next three years by at least 25% yearly from 2020 levels to stave off a crisis. Peak oil prices also could be a reality if the market doesn’t react. "

"BIMB Securities Research has upgraded Velesto Energy to a buy (from a hold), with a higher target price of 26.5 sen (from 14 sen previously) on steady demand for jack-up rigs in the next three years. "

"MIDF Research also highlights that based on the PAO, 2021 upstream activity levels are expected to mirror that of 2020 as Petronas remains cautious on the O&G sector recovery.

The research unit says a key opportunity area is in the decommissioning and well-abandonment segment.

This is given as currently Malaysia has over 350 platforms where 56% are operating beyond design life and 18% have been operating for over 40 years, there are more than 3,000 wells where 45% are idle wells and over 500 wells are planned to be plugged permanently by 2030, and more than 750 pipelines, where 38% are operating beyond design life and 4% have been operating for over 40 years.

The key beneficiaries to well abandonment activity would be drilling rig operators such as Velesto Energy and Sapura Energy, as well as hydraulic workover units (HWU) operators such as Velesto Energy."

If you missed these reports few days ago, READ and ANALYSE again !!

pea3034, wait for the price to reach 26.5 then you come and panic buy loh !!
That's why many newbies lose money in sharemarket !
Now the price is the slowest, very safe to enter !!

TP = 26.5 by analysts ! Cepat sapu !!!!!

Harta's share price shoot up so fierce and there is only one explanation for that :-
The coming QR must be very very good or bonus issue , huge special dividents will be announced soon !!
Hartalega memanglah HARTA yang LEGA lah !!!

EPF offload most if not all TG shares and switched to Harta ! as simple as that !
EPF stands for benefit for employees, they can't invest in a company that building wealth by exploiting their foreigner workers left right and centre ! As voiced out seriously by foreign fund managers eg. Balck rock etc !
Whereas Harta has been doing business with good conscience and humanity, even earning less ASP but they earned the respect from most fund managers !
End of the day, good conscience and humanity WIN !
Those who uphold this principle will WIN as well !
Trust me , karma is in play !!

This is my last advice !! calling all Velesto believers , sit tight , taruh more and enjoy the ride ... starting next week !! VRoom Vroom Vroom >>>>>>>>>>>>>>

Good news !! 2 analysts started to change tune (see above) to recommend Velesto !
Meaning either the insiders or big sharks "kao tim" (bonus delivered ! lol) with analysts to write good about velesto for the share to be fried UP liao !!!

Next monday if got bullet, quickily "taruh" or "sai lang" in Velesto !! Before other analysts follow suit with BUY calls !!! Engine warming up .... 20 .... then 30 !! For sure !!!

"BIMB Securities Research has upgraded Velesto Energy to a buy (from a hold), with a higher target price of 26.5 sen (from 14 sen previously) on steady demand for jack-up rigs in the next three years. "

"MIDF Research also highlights that based on the PAO, 2021 upstream activity levels are expected to mirror that of 2020 as Petronas remains cautious on the O&G sector recovery.

The research unit says a key opportunity area is in the decommissioning and well-abandonment segment.

This is given as currently Malaysia has over 350 platforms where 56% are operating beyond design life and 18% have been operating for over 40 years, there are more than 3,000 wells where 45% are idle wells and over 500 wells are planned to be plugged permanently by 2030, and more than 750 pipelines, where 38% are operating beyond design life and 4% have been operating for over 40 years.

The key beneficiaries to well abandonment activity would be drilling rig operators such as Velesto Energy and Sapura Energy, as well as hydraulic workover units (HWU) operators such as Velesto Energy."

TP = RM100 in 2025 !

Armada & KNM no need to reply on Petronas projects, their sales mostly from overseas !
Velesto & Sapura have to beg for works from PEtronas, PEtronas kedekut in spending (looks like the case by this lousy new CEO, already said will cut down expenses in this week briefing ! )
Velesto & Sapura will be F this year !!!

"The number of rigs expected to rebound to 22 in 2021 from 14 in 2H2020 due to plummeting oil prices and movement control order (MCO) (Exhibit 10). While this is below the earlier 2020 target of 26 rigs, we expect Velesto Energy to experience improving asset utilisation towards the second half of the year. "
From analyst's report

Looks like can only see improvement in 2nd half of 2021 !