Don't worry qtr should be green...

Qtr green guys
Revenue 545,703mil
Net profit/loss for the period 161,521mil

Hopefully what louissongong posted become reality..

Hopefully won't go below 46c..hmmmmm

Hmmmmm

He is in "Narcissist" category...layan je! Buat dekk

https://oilprice.com/Energy/Crude-Oil/EIA-Oil-Demand-Rebounds-Faster-than-Supply.html

What happen, why drop so much today. I think can go even up to 0.85.

Two more weeks for 3rd qtr announcement. Hoping for excellent qtr soon. Some IB revised their target to 0.60 now. Brent continuously trading above usd 80....another good sign.

Indianasuni - wah! so much hatred ha bro you with Armada. Either you like it or not sometime stock market depend on predictions, no one know what will exactly happen in coming months otherwise everybody easily become millionaire. Even IB also do the analysis and just predict only bro but they cannot promise on it.

Let see Armada earning 2021:-
1) 1st qtr - 162mil +
2) 2nd qtr - 139mil +
3) 3rd qtr - ?? (expected 180 to 200mil)

Oil price average this year
1) Jan to Mar - usd 60/barrel
1) Apr to Jun - usd 68/barrel
2) Jul to Sep - usd 74/barrel
3) Oct to Dec -?? ( expected usd 82 - 85/barrel)

Beside above Armada also disposed
1) 2 vessels for 1H21 and...

Another 6 more vessels after the 2H21 (another additional income sources on the list)

The group's firm order book as the end at 2QY21
1) RM 14.9 billion (plus another optional extension up to RM 9.5 billion)

2) Armada’s 98/2 joint venture (JV) with India’s Shapoorji Pallonji Oil & Gas Pte Ltd is also expected to commence operations in FY22

Debt
1) Debt has declined from 8.8bil in 2Q20 to 6.9bil in 2Q21
2) Net gearing has also fallen from 2.8 times to 1.9 times 2Q21
3) 1H21 net operating cashflow has improved 187% YOY

Armada's strong earnings to continue in the foreseeable future.

Louisongong what you wrote?

Qtr will exceed 200mil with this current oil price usd 80 above...walaoeh! Huat ah

Oil usd 90 coming

Good news guys,
Biden administration chose not to tap from SPR...big relief for oil price. Tomorrow got big rally. Fasten your seat belt.

Good news guys,
Biden administration chose not to tap from SPR...big relief for oil price. Tomorrow got big rally. Fasten your seat belt.

Good news guys,
Biden administration chose not to tap from SPR...big relief for oil price. Tomorrow got big rally. Fasten your seat belt.

Ya kah good luck..

Finally break 0.16

Kelentong ler you indiana. 400k × 0.875 = RM 350,000. So rich are you buying in such a huge amount....no to work ler like that Biar betoi Jgn temberang ler dkt sini.




Indianajones Swap to Hibisc really pays. Just unloaded 400K shares. Made 4.5 sen clean
18K in less than a week . This is the third cycle. Well waiting for the 4th Cycle window normally on a friday. Armada needs to test highly resistance R1 0.525. Beyond that it has to produce the 150 -180 mil results in coming 2 weeks.

Heavy snowstorms hit northern side of china press reported. This year first show comes early then expected and temp in most area drops 8 to 10c...said Chinese meteorologists. Bone-chilling winter.. ghee!!

It's very nice if can close 0.50 today...

Very tough to break 0.16 but eventually it will..

Oil moving Armada moving.

https://youtu.be/BH902QRxMR8

https://youtu.be/BH902QRxMR8

https://www.nst.com.my/world/world/2021/11/743196/airlines-gear-travel-surge-us-reopens

NEW YORK: Airline reservations to the United States took off immediately after the White House announced the country would reopen to all vaccinated international voyagers starting next week, compelling a welcome -- if challenging -- industry pivot.

The long-awaited US move to welcome back international travelers -- which takes effect Monday -- follows 18 months of restrictions for 33 countries during the worst of the coronavirus pandemic that separated families, impeded business travel and frustrated tourists.

https://www.nst.com.my/world/world/2021/11/743196/airlines-gear-travel-surge-us-reopens

NEW YORK: Airline reservations to the United States took off immediately after the White House announced the country would reopen to all vaccinated international voyagers starting next week, compelling a welcome -- if challenging -- industry pivot.

The long-awaited US move to welcome back international travelers -- which takes effect Monday -- follows 18 months of restrictions for 33 countries during the worst of the coronavirus pandemic that separated families, impeded business travel and frustrated tourists.

The U.S. Department of Energy said all "tools are always on the table" to tackle tight energy supply conditions in the market.

The department made the comment amid questions about whether President Joe Biden's administration is considering tapping into its Strategic Petroleum Reserves (SPR) or pursuing a ban on oil exports to bring down the cost of crude oil.

Meanwhile, Biden's national security adviser urged energy suppliers to lift flows to meet demand, saying that the United States is concerned about their failure to do so.

The United States has used its strategic reserves on occasion, usually after hurricanes or other supply disruptions. However, since ending a 40-year ban on crude exports in 2015, the nation has become a significant exporter, and has not broached cutting exports.

Earlier this week, the Organization of the Petroleum Exporting Countries and allies (OPEC+) agreed to raise output only gradually, sending crude prices to multi-year highs.

Brent Market pullback to 80pb last Friday in align with Joe biden press released that he going release SPR stock to bring the natural O&G price down. SPR is USA national emergency oil reserve that only can be use during nation having supply shortage or kind of that.....

3. How have presidents tapped the reserve?

Beyond ad hoc responses to localized oil disruptions, the U.S. has only tapped its oil reserve a handful of times. In 2011, President Barack Obama released 30 million barrels as part of a joint effort with other nations to counter supply disruptions from Libya. In 2005, President George W. Bush released 11 million barrels in the wake of Hurricane Katrina. And in 1991, under President George H.W. Bush, 17 million barrels were released during the first Gulf War. In 2017, the Energy Department authorized the release of 5 million barrels to Gulf Coast refineries when Hurricane Harvey wreaked havoc on the region. Such arrangements are designed to address short-term emergency needs, and the crude is repaid, in kind, at a future date. Test releases take place from time to time, as well as limited releases in the form of swaps.

What going to happen next?

Will Biden release SPR stock to easing down oil price...

Or he just threaten the Opec+ allies.

The recent US policy change to reopen travel from 33 markets for fully vaccinated foreigners from 8 November is a welcome, if long overdue, development. Along with recent re-openings in other key markets like Australia, Argentina, Thailand, and Singapore, this should give a boost to the large-scale restoration of the freedom to travel,” said Willie Walsh, IATA’s Director General.

The recent US policy change to reopen travel from 33 markets for fully vaccinated foreigners from 8 November is a welcome, if long overdue, development. Along with recent re-openings in other key markets like Australia, Argentina, Thailand, and Singapore, this should give a boost to the large-scale restoration of the freedom to travel,” said Willie Walsh, IATA’s Director General.

Air France—KLM, noted the reopening of Canada and the U.S. for European citizens, and the reopening of Singapore. Lufthansa said this week that at the end of the third quarter, new bookings had already reached around 80 percent of the 2019 level.

After the opec+ announcement, crude dropped around five bucks.

As I said, that is a classic “buy the rumor, sell the fact” kind of thing given the run up in the morning that preceded the end of the meeting but, in the context of a market where supply remains restricted and demand is increasing, it makes little sense. Over the next couple of months, those basic facts of supply and demand look like remaining in place so, even though the OPEC+ announcement resulted in a drop in crude, I remain bullish, if a little more confused than I was before, at least until the end of the year.

Brent also have pulled back a bit during the session, but at this point in time it is likely that the $80 level will continue to be important, so therefore I think it is probably only a matter of time before we see buyers jump back into this market and push it back up. Quite frankly, I think this is a scenario where the value hunters will continue to come into this market and pick up “cheap oil” every time they can. I have no interest in shorting this market, I think we are light years away from being able to do so. Granted, this candlestick does not look that great, but we are already starting to see some of the short-term charts turn around a bit, so I would not be surprised at all to continue to see plenty of bounces along the way.

Still strong...even oil drop. Good

Walaoeh!

1) Organization of the Petroleum Exporting Countries and their allies to stick to their current agreement, as expected, to raise monthly crude production by 400,000 barrels per day until December.

2) Weather forecast experts said this winter expected more cooler then previously.

3) Coal demand and supply crisis all around the world

4) World crude storage depleting rapidly as world begins reopen back Economy.

5) Covid cases plummeted dramatically as Vaccination reaches higher rate YTD. Even in Malaysia we're going for third Vaccine (booster vaccine)....amazing kan kan

6) Soon Tourism businesses will be flourishing and that means demand for Airlines fuels will sky rocketing..

7) And last but not least...inability of green energy to replace the fossil fuels yet (maybe later in near future but not for now...eeemm)

What all indicates...higher fossil fuel price. Walaoeh!! Super qtr for Armada coming soon....

Russia referee..kiki

Oil climb back again. The reality is Biden and King playing the game.

Slow and steady..go velesto

TOKYO, Oct 28 (Reuters) - Oil prices fell on Wednesday for a second straight day, with Brent hitting its lowest in two weeks after official figures showed a surprise jump in U.S. inventories of crude.

Brent crude dropped $1.36, or 1.6%, to $83.22 a barrel by 0130 GMT, a two-week low, having declined by 2.1% in the previous session.

U.S. oil fell $1.28, or 1.6%, to $81.38 a barrel, a one-week low, after dropping 2.4% on Wednesday.

Crude stocks rose by 4.3 million barrels last week, the U.S. Energy Department said, more than double the 1.9 million-barrel gain forecast by analysts.

The "hefty" stock build came "on the back of a large jump in net imports of crude oil and still sluggish refinery processing," Citi Research commodities analysts said in a note.

Still, gasoline stocks fell by 2 million barrels to the lowest in nearly four years, even as U.S. consumers struggle with rising prices to fill their tanks.

At the WTI delivery hub in Cushing, Oklahoma, crude storage is the most depleted in three years, with prices for longer-dated futures contracts indicating supplies will stay low for months. (Reporting by Aaron Sheldrick; editing by Richard Pullin)

2 wk a ago they said low inventory today suddenly high...market gimmick. Surprise jump in USA inventories

Market reaction...ignore

When last time I said serba in deep shit and going to close shop, they said I'm barking...now quickly sell and cabut lari...

Where is barking punpipi and uncle lim. Give hopeless hope now cabut lari. Dreaming for 1.00 hahaha

OIL PRICE WILL REMAIN HIGH FOR YEARS TO COME

Six years after former BP chief executive Bob Dudley said that “the industry needs to prepare for lower for longer,” a growing number of major investment banks now expect “higher for longer” oil prices.

Rebounding global oil consumption amid tight supply—contrary to some forecasts last year that indicate demand may have peaked or was close to its peak—as well as years of underinvestment in new supply following the 2015 crash, have prompted Wall Street banks to raise significantly their projections for oil prices in the short and medium term.

Oil prices have hit multi-year highs in recent days, with WTI Crude at its highest since 2014 and Brent Crude at the highest level since October 2018.

Even after the latest rally, prices still have headroom to rise further, many major investment banks believe.

Goldman Sachs, for example, sees Brent hitting $90 per barrel at the end of this year, up from $80 expected earlier. The key driver of Goldman’s higher forecast is global oil demand recovery amid still a weaker supply response from non-OPEC+ oil producers.

The investment bank also sees sustained higher oil prices in the coming years.

Fundamentals warrant higher oil prices, and the bank’s forecast for the next several years is $85 a barrel, Damien Courvalin, Head of Energy Research & Senior Commodity Strategist at Goldman Sachs, told CNBC earlier this month.

Oil demand will set record highs next year and the year after that, and we need to see a ramp-up in investment, he said.

“We’re facing potential multi-year deficits and the risk of significantly higher prices,” Courvalin told CNBC.

RBC Capital Markets is also bullish on oil prices in the medium term.

“We maintain the view that we have held all year - that the oil market remains in the early days of a multi-year, structurally strong cycle,” RBC analyst Michael Tran said in a note in mid-October carried by Reuters.

Last week, Morgan Stanley raised its long-term oil price outlook up by $10 per barrel to $70. BNP Paribas expects oil prices at nearly $80 a barrel in 2023, Bloomberg notes.

UBS expects oil prices “to remain well supported into next year,” with the market staying tight at least until the first quarter of 2022, due to the lowest inventories in OECD since 2015, only gradual easing of the OPEC+ cuts, and oil demand hitting 100 million barrels per day (bpd) in December 2021.

“While demand is expected to increase as well next year, additional OPEC+ and US production should result in a balanced oil market. With more OPEC+ members struggling to increase production in line with the group’s plans, its additions in 2022 will likely be only a fraction of the currently intended 3.76mbpd increase, which should prevent an oversupplied market, in our view,” Giovanni Staunovo, Dominic Schnider, and Wayne Gordon wrote on Friday.

“So bearing all of this in mind, we now expect Brent to trade at USD 90/bbl in December and March, before leveling off to USD 85/bbl for the rest of 2022,” UBS’s analysts added.

Beyond 2022, oil prices are likely to remain structurally higher as oil demand will continue to rise while new supply would lag consumption growth, primarily due to five years of underinvestment and the pressure on oil majors to cut emissions and investments in new supply, analysts say.

Global annual upstream spending needs to increase by as much as 54 percent to $542 billion if the oil market is to avert the next supply shortage shock, Moody’s said earlier this month.

“Our analysis demonstrates that upstream companies will need to increase their spending considerably for the medium term to fully replace reserves and avoid declines in future production,” Moody’s Vice President Sajjad Alam said.

The oil industry is “massively underinvesting” in supply to meet growing demand, which is set to return to pre-COVID levels as soon as the end of 2021 or early 2022, Greg Hill, president of U.S. oil producer Hess Corp, said at the end of September.

Last year, global upstream investment sank to a 15-year low of $350 billion, according to estimates by Wood Mackenzie from earlier this year.

OIL PRICE WILL REMAIN HIGH FOR YEARS TO COME

Six years after former BP chief executive Bob Dudley said that “the industry needs to prepare for lower for longer,” a growing number of major investment banks now expect “higher for longer” oil prices.

Rebounding global oil consumption amid tight supply—contrary to some forecasts last year that indicate demand may have peaked or was close to its peak—as well as years of underinvestment in new supply following the 2015 crash, have prompted Wall Street banks to raise significantly their projections for oil prices in the short and medium term.

Oil prices have hit multi-year highs in recent days, with WTI Crude at its highest since 2014 and Brent Crude at the highest level since October 2018.

Even after the latest rally, prices still have headroom to rise further, many major investment banks believe.

Goldman Sachs, for example, sees Brent hitting $90 per barrel at the end of this year, up from $80 expected earlier. The key driver of Goldman’s higher forecast is global oil demand recovery amid still a weaker supply response from non-OPEC+ oil producers.

The investment bank also sees sustained higher oil prices in the coming years.

Fundamentals warrant higher oil prices, and the bank’s forecast for the next several years is $85 a barrel, Damien Courvalin, Head of Energy Research & Senior Commodity Strategist at Goldman Sachs, told CNBC earlier this month.

Oil demand will set record highs next year and the year after that, and we need to see a ramp-up in investment, he said.

“We’re facing potential multi-year deficits and the risk of significantly higher prices,” Courvalin told CNBC.

RBC Capital Markets is also bullish on oil prices in the medium term.

“We maintain the view that we have held all year - that the oil market remains in the early days of a multi-year, structurally strong cycle,” RBC analyst Michael Tran said in a note in mid-October carried by Reuters.

Last week, Morgan Stanley raised its long-term oil price outlook up by $10 per barrel to $70. BNP Paribas expects oil prices at nearly $80 a barrel in 2023, Bloomberg notes.

UBS expects oil prices “to remain well supported into next year,” with the market staying tight at least until the first quarter of 2022, due to the lowest inventories in OECD since 2015, only gradual easing of the OPEC+ cuts, and oil demand hitting 100 million barrels per day (bpd) in December 2021.

“While demand is expected to increase as well next year, additional OPEC+ and US production should result in a balanced oil market. With more OPEC+ members struggling to increase production in line with the group’s plans, its additions in 2022 will likely be only a fraction of the currently intended 3.76mbpd increase, which should prevent an oversupplied market, in our view,” Giovanni Staunovo, Dominic Schnider, and Wayne Gordon wrote on Friday.

“So bearing all of this in mind, we now expect Brent to trade at USD 90/bbl in December and March, before leveling off to USD 85/bbl for the rest of 2022,” UBS’s analysts added.

Beyond 2022, oil prices are likely to remain structurally higher as oil demand will continue to rise while new supply would lag consumption growth, primarily due to five years of underinvestment and the pressure on oil majors to cut emissions and investments in new supply, analysts say.

Global annual upstream spending needs to increase by as much as 54 percent to $542 billion if the oil market is to avert the next supply shortage shock, Moody’s said earlier this month.

“Our analysis demonstrates that upstream companies will need to increase their spending considerably for the medium term to fully replace reserves and avoid declines in future production,” Moody’s Vice President Sajjad Alam said.

The oil industry is “massively underinvesting” in supply to meet growing demand, which is set to return to pre-COVID levels as soon as the end of 2021 or early 2022, Greg Hill, president of U.S. oil producer Hess Corp, said at the end of September.

Last year, global upstream investment sank to a 15-year low of $350 billion, according to estimates by Wood Mackenzie from earlier this year.

Steady

Go Velesto

Wah! Brent usd 86. Break 87 terus ke usd 90. Possibility Armada break 0.60c. Go Armada

High fuel prices at the pump would likely extend into next year, President Joe Biden has warned, blaming the price rise on OPEC policies.

“My guess is you’ll start to see gas prices come down as we get by and going into the winter -- excuse me, into next year, in 2022,” the president at a public event in response to a question on inflation, as quoted by Bloomberg. “I don’t see anything that’s going to happen in the meantime that’s going to significantly reduce gas prices.”

“Gas prices relate to a foreign policy initiative that is about something that goes beyond the cost of gas,” Biden also said, adding. “That’s because of the supply being withheld by OPEC, and so there’s a lot of negotiation that is—there’s a lot of Middle Eastern folks who want to talk to me,” he said. “I’m not sure I’m going to talk to them, but the point is it’s about gas production. There’s things we can do in the meantime, though.”

The president, however, stopped short of going into the specifics of these “things” that can be done to push prices lower.

The White House has, several times since the start of the year, approached OPEC—and Saudi Arabia separately—in an attempt to make the cartel add more supply to international markets. These attempts have so far failed to yield any results. These latest claims that high American gas prices were the responsibility of OPEC are unlikely to make the cartel more cooperative.

Meanwhile, the administration has also approached the U.S. oil industry, too, to ask for more oil. That move has also failed to produce any results for American drivers as prices creep closer to $4 per gallon and in some states, exceed it. According to a Reuters report, the approach by the White House had not been met eagerly by the oil industry. In fact, the agency quoted one industry executive as saying there was no chance drillers would heed Biden’s plea for more oil due to his administration’s policies so far.

High fuel prices at the pump would likely extend into next year, President Joe Biden has warned, blaming the price rise on OPEC policies.

“My guess is you’ll start to see gas prices come down as we get by and going into the winter -- excuse me, into next year, in 2022,” the president at a public event in response to a question on inflation, as quoted by Bloomberg. “I don’t see anything that’s going to happen in the meantime that’s going to significantly reduce gas prices.”

“Gas prices relate to a foreign policy initiative that is about something that goes beyond the cost of gas,” Biden also said, adding. “That’s because of the supply being withheld by OPEC, and so there’s a lot of negotiation that is—there’s a lot of Middle Eastern folks who want to talk to me,” he said. “I’m not sure I’m going to talk to them, but the point is it’s about gas production. There’s things we can do in the meantime, though.”

The president, however, stopped short of going into the specifics of these “things” that can be done to push prices lower.

The White House has, several times since the start of the year, approached OPEC—and Saudi Arabia separately—in an attempt to make the cartel add more supply to international markets. These attempts have so far failed to yield any results. These latest claims that high American gas prices were the responsibility of OPEC are unlikely to make the cartel more cooperative.

Meanwhile, the administration has also approached the U.S. oil industry, too, to ask for more oil. That move has also failed to produce any results for American drivers as prices creep closer to $4 per gallon and in some states, exceed it. According to a Reuters report, the approach by the White House had not been met eagerly by the oil industry. In fact, the agency quoted one industry executive as saying there was no chance drillers would heed Biden’s plea for more oil due to his administration’s policies so far.