Wow!
Klse really weird. Lost go up profit go down..hahaha!
Veleslow turned velefast

bullmarket1628,
Save your energy bro, no need to shout every day. When time come sure go up one, who are you to determine the global market price whatsoever veleslow still got long way to go...

9 consecutive qtr profitable also lingering at 0.40c...talking about huge profit..betui ke!!

Keep lah why sell...who knows maybe 3qtr onward rigs utilization pick up. Brent chart also look promising. Aisayman

Very good..thanks buddy for the info.

Cannot expect too much from this coming qtr revenue. Two rigs just back from maintenance/overhaul. Normally when they announced contract before the qtr release then qtr most probably 50:50 (I hope they return to black this qtr). But, Velesto now back on track..future earnings is imminent.

Good news. Velesto back on track. Hopefully coming qtr earning good profit also...

Oh yeah! Towards 0.60c here we come...syiok syiok.

Walaoeh, oil price continue to plunge down Like mad liao !
Brent closed at=> $93.60

Like that today Armada will be limit down already liao lah !

Heng ah, Ong ah, Huat ah !

Kikikiki.....baru match kaw kaw

6.5c possible if coming qtr still posting red (hopefully not)...

Velesto got long way to go before reach the TP target. Still in initial recovery stage. Can expected good TP return next year onward only....except the reality. Just collect as much as you can and harvest it next year.

Adohai! Turun balik. Bilalah nak limit up ni...hari2
Heng ah, Ong ah, Huat ah !
Ckp Kosong je ni bullmarket

Now O&G follow crude oil sentiment, if brent drop Armada follow. Fundamental not applicable..hahaha

FYI,
But not final verdict, still not sure. sometimes cannot trust this bankers.

KUALA LUMPUR: CGS-CIMB Research is positive on Yinson Holdings Bhd's probability of securing either Italy's Eni's floating production storage offload (FPSO) Agogo project or BP's FPSO contract.

The firm said the bid for the time charter contract for Eni's FPSO Agogo, offshore Angola project is nearing conclusion, as Yinson is expecting Eni to award the contract either in the third quarter (Q3) or Q4.

Yinson is in the running together with MISC Bhd and Bumi Armada Bhd.

MISC recently said that it is no longer particularly keen on pursuing Agogo, preferring instead to focus its attention on TotalEnergies' FPSO Cameia project.

"This means that the FPSO Agogo time charter contract is now a two-horse race between Yinson and Bumi Armada.

"Bumi Armada recently undertook a significant recruitment exercise to build project execution capacity, while Yinson is likely to move the project team on the nearly completed FPSO Anna Nery project to the Agogo project, should it win the award," it stated.

Yinson is also keen to secure the FPSO contract for BP's Block 31 SE-PAJ development offshore Angola, and BP is interested in using the FPSO Nganhurra as a redeployment candidate.

It is viewed that Yinson may have the edge over its competitors because the latter has a purchase option for the Nganhurra that expires at the end of 2023.

"If Yinson does not win the FPSO Agogo contract (it is asking for very high charter rates), the BP project can be a fallback.

"If Yinson wins Agogo and the BP project, it will wait for the Atlanta to be delivered in mid-2024 before it will start engineering, procurement, construction, installation, and commissioning (EPCIC) work for the BP project in order not to overstretch its project execution capabilities," it said.

Yinson's plan to list its FPSO holding company by the end of 2022 is unlikely to materialise due to poor market conditions and because the restructuring of the FPSO assets is being held back by slow client approvals.

Yinson will fund the Agogo or BP projects by selling equity stakes in existing FPSO assets. However, a second rights issue is not under consideration.

The firm maintained its 'Add' recommendation on the company with a target price of RM3.23.

Too bad. Very happy see the price moving up but unfortunately oil price plunged down. Tomorrow might drop again, follow the oil market sentiment..aisayman!

Cannot trust this IB, they all paid to do so....number one shark.

Jack up rigs market will booming with current oil price and oil consumption.

I think max can go is 0.07c (or perhaps in worse case 0.06). Oil gaining momentum back. I don't think oil will crash below Usd 80bbl. If crude oil can maintain average around 90 to 100usd then there's no reason veleslow can drop far below. 2c opinions.

Oil price dropping meanwhile buffet is building up his equity in O&G ....



Warren Buffett’s Berkshire Hathaway has bought another 4.3 million shares in Occidental Petroleum, bringing its total stake in the company to 19.2 percent, Reuters has reported, citing an SEC filing by Buffett’s investment vehicle.

The stock purchase is the latest in a series that has seen Berkshire Hathaway increase its interest in Oxy from less than 14 percent to close to 20 percent. This has prompted talk that the investment firm might be planning to take over the oil major.

Oil price dropping meanwhile buffet is building up his equity in O&G ....



Warren Buffett’s Berkshire Hathaway has bought another 4.3 million shares in Occidental Petroleum, bringing its total stake in the company to 19.2 percent, Reuters has reported, citing an SEC filing by Buffett’s investment vehicle.

The stock purchase is the latest in a series that has seen Berkshire Hathaway increase its interest in Oxy from less than 14 percent to close to 20 percent. This has prompted talk that the investment firm might be planning to take over the oil major.

Foreingn IB also react to crude oil price. They assumed Brent is crashing. Buy and keep lah sure got recovery one. The famous investors gurus also buying O&G counters...they not dump

Our insiders is powerless to influence the stock price drastically, only foreign IB got huge fund...they buy huge equities from our stock market but now they're throwing.

Other stocks also plunging down even consecutive qtr returned to black...look at Armada, hibiscus, dialog & etc. One thing is clear, no fund flowing in from foreign investors. Foreign Investors moving away from bursa. Our country got bunch of lousy administrators. If DSAB become PM, sure meletop one.

Sorry debt (spelling error)

Sapura high dept & poor management. Veleslow different story, dept manageable...tarak hutang tarak susah. Velesto under recovery from 2020 & 2021 downfall due to global covid catastrophic. Can't depend on 2nd qtr profit as for now but future recovery is imminent, but you must consider the oil price also. High oil price mean high daily rigs rate.

Wonder why the great investments gurus choose O&G stocks

Follow the guruuuuus...ha!

Wonder why the great investments gurus choose O&G stocks

Follow the guruuuuus...ha!

Today Goldman Sachs is bullish on oil price and believed oil can surpass usd140/bbl....

Oil prices may be dropping, but oil is still headed for $140 per barrel, Goldman Sachs told CNBC on Thursday, and could even hit $140 in the face of a recession.

Today Goldman Sachs is bullish on oil price and believed oil can surpass usd140/bbl....

Oil prices may be dropping, but oil is still headed for $140 per barrel, Goldman Sachs told CNBC on Thursday, and could even hit $140 in the face of a recession.

Some analysis including city index expected oil could drop as lower as US45/barrel meanwhile JP Morgan firmly believed that global oil prices could climb to a "stratospheric" $380/bbl if G7 nations succeed in imposing caps on the price of Russian oil and prompt Vladimir Putin to inflict retaliatory production cuts.

According to JPM, Russia's robust fiscal position means the country can afford to slash crude output by as much as 5M bbl/day without excessively damaging its economy. However, such a drastic reduction would be bad news for oil consumers as it would push Brent crude prices to $380/bbl.

Remember last year JP Morgan is the one who predicted oil could hit usd 100/bbl....

Let's see

Don't underestimate velesto and BOD.....They're working silently.
Follow the guruuuuus....

And,

Let's see...dickyme2 or JP Morgan

Some analysis including city index expected oil could drop as lower as US45/barrel meanwhile JP Morgan firmly believed that global oil prices could climb to a "stratospheric" $380/bbl if G7 nations succeed in imposing caps on the price of Russian oil and prompt Vladimir Putin to inflict retaliatory production cuts.

According to JPM, Russia's robust fiscal position means the country can afford to slash crude output by as much as 5M bbl/day without excessively damaging its economy. However, such a drastic reduction would be bad news for oil consumers as it would push Brent crude prices to $380/bbl.

Remember last year JP Morgan is the one who predicted oil could hit usd 100/bbl....

Let's see

Follow the gurus...our investment is pretty much small compared with them, why worried...ha!

Follow the gurus...our investment is pretty much small compared with them, why worried...ha!

Follow the gurus...

Smart investors appear to agree: three energy gurus led by Warren Buffett himself have chosen to follow the Oracle's time-tested market wisdom of being fearful when others are greedy, and greedy when others are fearful. Over the last few weeks, Buffett, Jerry Jones and Harold Hamm--three of the richest and most successful businessmen in the U.S.-- have doubled down on their oil and gas bets, using the selloff as a buying opportunity.

Between June 17 and June 22, Buffett bought 9 million shares of Occidental Petroleum (NYSE:OXY) for around $56 per share, which compares favorably with his previous purchase of OXY in the $50-58 range. In effect, Buffett now owns 25% of OXY, counting his warrants and total shares purchased. The Oracle of Omaha also owns a $20-billion stake in Chevron Corp. (NYSE:CVX). Warren Buffett is ranked the world's 7th richest person with a net worth of $96.9B. Unfortunately, Buffet has seen his net worth shrink by $13.4B in the year-to-date, mainly due to the poor performance of his other U.S. stock investments thanks to a wide market selloff.

Several weeks ago, the Wall Street Journal featured Dallas Cowboys owner Jerry Jones in a story detailing how the billionaire grew his $1.1B investment in natural gas producer Comstock Resources Inc. (NYSE:CRK) into $2.7B. Interestingly, Jones bought control of Comstock Resources at the depths of the gas bust before natural gas prices made a dramatic U-turn. Jerry Jones is #182 on the Bloomberg Billionaires Index with a net worth of $10.7B, marking a nearly 15% increase.

Meanwhile, Harold Hamm, majority owner of shale exploration giant Continental Resources (NYSE:CLR), has gone on an all-out war to buy back the company's minority stake. Earlier this month, Hamm offered to buy the remainder of the shale driller he and his family don't already own for $4.3 billion, or $70/share, claiming that his company is grossly undervalued. The Hamm Family collectively owns 83% of the total outstanding shares of common stock.

Smart investors appear to agree: three energy gurus led by Warren Buffett himself have chosen to follow the Oracle's time-tested market wisdom of being fearful when others are greedy, and greedy when others are fearful. Over the last few weeks, Buffett, Jerry Jones and Harold Hamm--three of the richest and most successful businessmen in the U.S.-- have doubled down on their oil and gas bets, using the selloff as a buying opportunity.

Between June 17 and June 22, Buffett bought 9 million shares of Occidental Petroleum (NYSE:OXY) for around $56 per share, which compares favorably with his previous purchase of OXY in the $50-58 range. In effect, Buffett now owns 25% of OXY, counting his warrants and total shares purchased. The Oracle of Omaha also owns a $20-billion stake in Chevron Corp. (NYSE:CVX). Warren Buffett is ranked the world's 7th richest person with a net worth of $96.9B. Unfortunately, Buffet has seen his net worth shrink by $13.4B in the year-to-date, mainly due to the poor performance of his other U.S. stock investments thanks to a wide market selloff.

Several weeks ago, the Wall Street Journal featured Dallas Cowboys owner Jerry Jones in a story detailing how the billionaire grew his $1.1B investment in natural gas producer Comstock Resources Inc. (NYSE:CRK) into $2.7B. Interestingly, Jones bought control of Comstock Resources at the depths of the gas bust before natural gas prices made a dramatic U-turn. Jerry Jones is #182 on the Bloomberg Billionaires Index with a net worth of $10.7B, marking a nearly 15% increase.

Meanwhile, Harold Hamm, majority owner of shale exploration giant Continental Resources (NYSE:CLR), has gone on an all-out war to buy back the company's minority stake. Earlier this month, Hamm offered to buy the remainder of the shale driller he and his family don't already own for $4.3 billion, or $70/share, claiming that his company is grossly undervalued. The Hamm Family collectively owns 83% of the total outstanding shares of common stock.

Oh nooooo!

Oh nooooo!

Share price drop kaw kaw..how to get to tp84 adoiii!

HLB TP 0.84...betui ke ini.

Oh noooo...

Oh no...

https://oilprice.com/Energy/Energy-General/Supply-Disruptions-Drive-Bullish-Sentiment-In-Oil-Markets.html

https://oilprice.com/Energy/Energy-General/Supply-Disruptions-Drive-Bullish-Sentiment-In-Oil-Markets.html

Chances to win Angola contract is 50:50. Yinsoon also bidding for the same contract.

Who will get this Angola project?
Bumi Armada or Yinson?
Hopefully Bumi....



nikicheong

Armada Angola job win announcement is due soon. Share price weakness is unprecedented. I topped up at 0.41, no bullets left now.

Hari2 turun sahaja tak ada naik...aiyoyooo!

Aiyo! So many good comments from IB also can drop to 0.38c