https://oilprice.com/Energy/Natural-Gas/Shell-Sees-LNG-Demand-Nearly-Doubling-By-2040.html

Short sellers got burnt big time ... Don't need to keep 2 to 3 years. Another 12 months and target core EPS 2.1 sen with oil price $65 and this is only SK408 phase 1. PE 50 due to anticipated global shortage =>RM1.07. Velesto has PE 95, i.e. PE 50 is easily attainable.

PNB acquiring SAP stocks is really the missing link. Now that the cat is out of the bag, hopefully they will continue to quietly acquire more stocks especially from short sellers. I have placed several 500,000 GTD orders whenever there are downward price pressures but so far no luck.

Well done PNB ... quietly accumulated cheap stocks and they also know SK408 prospects as confirmed by ex-Petronas bigwigs. Aim high, aim RM5.

Hold and aim high and not KFC

Without Jerun CPP, i.e. without SK408(phase 2), aim for RM2 TP @ approximately 90K boed

The Edge Markets MY: GLOBAL LNG: Asian spot prices rise to record high.
https://www.theedgemarkets.com/article/global-lng-asian-spot-prices-rise-record-high
LNG price @ Feb 2021 : US$124 per barrel due to harsh winter.
LNG price @ Mar 2021 : US$69 per barrel compared with US$11 per barrel @ Mar 2020

Upstream Online: Seven platforms to be tendered in Malaysia in 2021.
https://www.upstreamonline.com/field-development/seven-platforms-to-be-tendered-in-malaysia-in-2021/2-1-939230

https://themalaysianreserve.com/2019/07/19/sapura-energy-identifies-ep-as-a-game-changer-says-president/

am2014 is right. More than probable RM5 when SK310 + SK408 (I) + SK408 (II) finally produce 200K boed. This excludes Aust + NZ production, hence more upside.

Short selling starting Jan 2021. Those wanting to sell, better sell before year end. Those wanting to buy, just wait for 2021 to arrive. I am waiting for short seller to sell cheap...

Now already $11/mmBtu .... SAP should explode very soon

Now $11/mmBtu or $64/bbl for natural gas. SAP's internal target is $35/bbl. During pandemic onset, it was $2/mmBtu or $12/bbl. The price is back to pre-Covid 19 level. With current natural gas production more than double of 2019, you decide to buy or sell or bad-mouth the counter. Once re-financing is concluded very soon, expect a TP of 0.7 or even higher.

https://www.thestar.com.my/business/business-news/2020/12/12/global-lng-asian-prices-rise-to-over-two-year-high-driven-by-heating-demand

First doses of China’s CoronaVac Covid-19 vaccine…: https://youtu.be/0hsVd0euG_w

China's CoronaVac has arrived in Brazil for mass vaccination!!! Next will be Malaysia, hopefully. China already has no new local case.

First doses of China’s CoronaVac Covid-19 vaccine…: https://youtu.be/0hsVd0euG_w

China's CoronaVac has arrived in Brazil for mass vaccination!!! Next will be Malaysia, hopefully. China already has no new local case. O&G is back!

EPF has to cash out to fund Account 1 withdrawals. Opportunity for foreign institutions ...

EPF better to off load now with the new vaccine development. Otherwise, it is negligence and contributors will hold EPF accountable.

Post removed.Why?

At US$40 and current production capacity, can expect E&P to contribute annual EPS 1.1 sen. Ref Velesto PE 20 => 22sen.

Maybe Exxon will not exit Malaysia to focus on Permian basin due to Biden the greenie. Hopefully Exxon exits and sells the business to either Sapura or Enquest. Sapura's production cost in Malaysian offshore is US$5/bbl, comparable to Saudi's onshore cost. Sapura uses US$35/bbl as internal budgeting, hence anything above US$35/bbl is good news. One of the options is callable perpetual bond for financing with PNB backing. Ex-Petronas bigwigs know what to do, just don't disturb them.

Biden win is good news. Shale (light crude and natural gas) production mainly for US consumption, e.g. gasoline and jet fuel, heating. Also, US has started to export LNG aggressively under Trump and affecting Petronas' traditional Asian markets like Japan, Korea, etc and lowering LNG prices. Biden also promised to rejoin Paris Accord. Very bad news for shale players in Permian basin. US still needs heavy crude mainly from Saudi for other derivatives / industrial applications. MBS and Putin will be laughing away ...

Cheap cheap for ASB/PNB... can you imagine what their financial muscle can do to SapN? I believe they will slowly absorb cheap stocks towards RI 0.30. US and some European countries already planning to open up and global oil production slash up to 20 mbpd starting May. China already ramping up ...

https://amp.dw.com/en/g20-nations-agree-to-cut-oil-production/a-53092487 ... "The G20 group of nations made the decision on Friday to cut crude oil production in May and June ... We commit to take all the necessary and immediate measures to ensure energy market stability," said a statement by the G20 nations."
Next week up ...

so it is implied that current buyers with $$ are really stupid fools ...

Unfortunately or fortunately those who are queuing to buy have the money and money rules the world ...

Steady accumulation ... more buyers than sellers... waiting for biggest oil news tomorrow.

Booooooooo AM, CIMB ... make my hope so high can get 0.04 .. they probably want to make people panic sell and they collect slowly ... biggest MF

IBs are big sharks ... when they want to dispose, they increase TP and make wonderful reports... When they want to buy, they decrease TP and make shit reports ... I am waiting 0.04, but will start to buy at 0.05 ... yummy

Don't think another RI ... iff required when price is higher. Just look at Bumi Armada ... aside all IBs got stuck but lofty TP and high gearing. On the other hand SAPN much better gearing ... still hope to get 0.04

Don't kesian.... we are all winners. Biggest loser is PNB ... our prices lower than RI... enjoy

With luck maybe can get 0.05 or 0.04 and keep. SAPN's NTA is 0.86 ... just had RI and JV money and with PNB backing... I really pray can get 0.04 ...

Oh .. the famous analyst who got beaten some time ago ... many people lost lots of money with his mad recommendations of Bumi Armada

Aiyoyo... better sell 0.04 coming. Big oil flood also coming... virus also killing many people.

Giants India and China slowdown ... wait it is a matter of time before shoot up... buy and keep

Good company but unloved counter ...
1.3 .. 1.2 .. 1.1 .. 1.0 .. 0.9 .. ?

Oil and DJ futures up 4% ...
Last call 0.095 ...