Macgyver111

Macgyver111 | Joined since 2022-10-09

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2 days ago | Report Abuse

Energy stocks bull run coming soon.

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1 week ago | Report Abuse

Oil prices expected to remain high

Analysts said that according to the current trends, along with the shortage in the oil market, oil inventories are expected to further decrease, which in turn will push oil prices to continue to remain high this year.

"Based on IEA forecasts, we believe Brent crude oil prices could rise to US$95 to US$105 per barrel in the near term."

Throughout the year, analysts continued to maintain their earlier forecast, which was to remain unchanged at $85 per barrel.

Year-to-date, Brent crude oil prices have averaged $82.3 per barrel, which is roughly the same level as at the same time last year.

In general, analysts continue to give an "overweight" rating to the oil and gas sector, and in addition to the companies listed above, the preferred stocks include Malaysian International Shipping (MISC, 3816, main board transportation and logistics stocks), Maritime Heavy Industry (MHB, 5186, main board energy stocks) and Velesto Energy (VELESTO, 5243, main board energy stocks).

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1 week ago | Report Abuse

They bring former ceo/president back. Back in 2019, Velesto, Sapura and sp setia doing good under his realm...This is part of Govn initiative to boost bumi companies.

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1 week ago | Report Abuse

Relax lah bro..no dirty words. Just ask only. Doesn't matter if your correct, just want to verified only. Just normal conversation..pls Respect

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1 week ago | Report Abuse

Statens pensjonsfond utland disposed ready..zero fran.

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1 week ago | Report Abuse

This is 31st March 2022 announcement lorr..now 2024 ready..biar betui

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1 week ago | Report Abuse

RJ87
53.8% from PnB. Just matter of time they push all the way up.

RJ, Where you get this info?

I believed yours not yet update?

Are you sure Urusharta Jemaah this hold the portion?

Cannot find any data of it, that's why asked you...

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1 week ago | Report Abuse

Dont bother them, they all same guy with fake ID.

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1 week ago | Report Abuse

IB TP setting..
HLIB - 0.35 (buy)
Maybank - 0.35 (buy)
Kenanga - 0.34 (o/perform)
BIMB - 0.34 (buy)
Affin Hwang - 0.33 (buy)
TA - 0.33 (buy)
OGC - 0.31 (hold)
UOB - 0.29 (hold)

Remember what TP kenanga give previously..

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1 week ago | Report Abuse

Hahaha! All same guy change name only...nice try.

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1 week ago | Report Abuse

Velesto Energy Berhad's estimated fair value is RM0.52 based on 2 Stage Free Cash Flow to Equity

Velesto Energy Berhad's RM0.28 share price signals that it might be 46% undervalued

The RM0.33 analyst price target for VELESTO is 38% less than our estimate of fair value

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1 week ago | Report Abuse

These are the drilling companies that were affected by contract termination from Aramco.
1. ADES - saudi based drilling company
2. Shelf drilling (COSL) - owned by China petroleum
3. Valaris and borr drilling - owned by USA

All are established oil companies and mostly operate in midle-east for higher DCR. To remove this rigs to southeast Asia takes very long journey and not profitable
(except maybe for china drilling company). I'm 100% sure not for ADES and Valaris..mereka tak pandang pun perairan Malaysia...come on guys

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1 week ago | Report Abuse

I don't know this doomstock working for which bank..nice try😂🤣

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1 week ago | Report Abuse

Just think about yesterday pump and today suddenly throw..with Aramco news. What does it mean. Furthermore that is old news that repeated again. Nothing solid news to show to collect cheap tickets. Bankers you know lah...

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1 week ago | Report Abuse

Buy buy buy. As long PNB hold it no need to worry. Got strong back from Petronas. CGS claiming is rubbish. Those rigs terminated by Aramco will go to Europe. European b
Pay high DCR. They not interested in southeast Asia.

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1 week ago | Report Abuse

Raya window dressing....lai lai 0.40.

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2 weeks ago | Report Abuse

Perdana 0.335..when Velesto?

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2 weeks ago | Report Abuse

Seems like institutional buying.

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2 weeks ago | Report Abuse

Yes it will give you total disappointment even can dip to the lowest price as possible to frustrate the weak holders and force them to sell. Those got strong holding power eventually get the reward. Velesto in uptrend with healthy cash balance and huge order in hand.

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1 month ago | Report Abuse

So Macgyver what is your target re-entry price? 0.22 possible or not?

You cannot get 0.22 anymore unless certain circumstances. If you can get 0.26 is good enough. I consider below 0.30 is okay. In 2019, I enter @ 0.295 and within that year Vele shot up to 0.40 until covid 19 crashed the stock market. Good luck

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1 month ago | Report Abuse

Buy on weakness. All rigs in full swing and revised DC rate. Up coming qtr should be better than last year.

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1 month ago | Report Abuse

Can queue @ 0.26/0.265..buy. 1st qtr 2024 expected good result. Lai lai..

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1 month ago | Report Abuse

Some institutional want collect cheap..

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1 month ago | Report Abuse

PNB owned 12.62% of Bumi Armada shares. That's huge also.

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1 month ago | Report Abuse

Be careful. PNB might throw Armada shares.

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1 month ago | Report Abuse

Today quite hectic day for me. I miss out to lock TP @ 0.31..anyway I managed to locked @ 0.295..take some profit first la. Q to buy again below 0.28 consider ok la. I changed my investment technique...hold to long boring, no excitement in there..😁😆.

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1 month ago | Report Abuse

Most probably EPF will start buying soon. It will help to push the price up further. EPF always looking for quick money.

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1 month ago | Report Abuse

From 0.60 to 0.50...boom!..adoi!

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1 month ago | Report Abuse

After 10 years another huge profit.

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1 month ago | Report Abuse

The last I saw velesto declared such a profit in 2014 (in 2019 ok2 je). Good start in 2024 with higher DCR..

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1 month ago | Report Abuse

Gosh! Not again in this blog ..all the while here quite and harmony. Come on guys.

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1 month ago | Report Abuse

The price has already been consolidating for long periods since the last spike from 0.15 to 0.275 in Jan/Feb 2023. Time to break new ground soon (subject to qtr result). Hope qtr at our favourable side.

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2 months ago | Report Abuse

Some foreign funds take profit last few weeks (Statens, Vanguard and Norges bank). They sold almost 170mil shares. Wonder why price can't break the 0.275 wall. Let's see today.

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2 months ago | Report Abuse

Normally DCR paid based on oil price.

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2024-01-17 21:30 | Report Abuse

HLIB Research, which is maintaining its “buy” call on Velesto Energy with a target price (TP) of RM0.29, said it expects 4Q23 earnings to come in between RM28mil and RM35mil.

IB optimism on vele upcoming 4th qtr earning. Hope velesto won't disappoint us again.

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2024-01-17 21:22 | Report Abuse

“Our current forecast blended DCR for financial year 2024 stood at about US$120,000, which we think is too conservative following the contract extension with Carigali Hess Operating Co for 18 months at a day rate of US$135,000 for Naga 8.”

The research house said this development would serve as a benchmark for contract wins and renewals in the near future.

“We think the day rates of contract renewal with PETRONAS will likely exceed US$125,000, as we understand that Velesto is now bidding for new jobs with day rates at the range of US$125,000 to US$140,000, in line with market rates,” the research house said.

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2024-01-17 21:18 | Report Abuse

Maybank TP 0.34
HIB TP 0.29
Kenanga TP 0.26 ( 😆 )

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2023-10-20 16:35 | Report Abuse

Brent crude seen breaching US$150 if Hamas-Israel war escalates, Malaysia to get revenue boost

Latest - TA give TP 0.33c now.

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2023-10-20 10:16 | Report Abuse

This is in my view of point...price hold very strong @ 25c to 26c. Somebody controlled it very well, don't want the price drop dramatically (to give cheap ticket) nor allowed it to shoot up very fast and give free meal to short players.

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2023-10-18 15:37 | Report Abuse

Only bilis playing around...shark don't have appetite. Must wait patiently no choice.

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2023-10-13 16:58 | Report Abuse

Rig 3, 4 and 6 supposed to work for Petronas 3Q onward as per the contract announcement recently.

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2023-10-13 16:56 | Report Abuse

Ya agreed with you. HLB said likely they not sure also. Let see the 3Q result.

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2023-10-13 16:43 | Report Abuse

I don't think velesto hv such a incompetence management to idle the rigs in such way despite those rigs already idle for quite long time during 2021/2022 (No contract) and any inspection or MO&R supposed to do then. This how Malaysia boleh land work...

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2023-10-13 16:42 | Report Abuse

Yes for me it doesn't make any sense. According to HLB out of 6 rigs 4 going for inspection and MO&R. That mean only 2 is operating...it also mean rigs utilization should be 33% not 50%.

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2023-10-13 16:35 | Report Abuse

HLB research doesn't make sense

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2023-10-12 13:03 | Report Abuse

Hold tight..crude oil at our favorable side now. DCR for vele might improve further. Ini kali lah..

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2023-10-10 20:35 | Report Abuse

US senator calls for bombing on Iran's oil infrastructure. This is part of USA strategy to hinder Iran support over Hamas group. Without oil, they have no money. Without money, the terrorism loses its biggest benefactor. Everybody talks about Iran being responsible. It is now time to make Iran pay for the price. Iran one of among opec13 members. Look like Israel wars against Palestine going to prolong quite some time. That mean more tighting in crude oil supply and brent might trading at higher level continuously.