KUALA LUMPUR (Dec 23): Barakah Offshore Petroleum Bhd's wholly-owned subsidiary PBJV Group Sdn Bhd has secured a contract from MURPHY Sabah Oil Co Ltd for the provision of production riser tensioner overhaul, including maintenance and upgrade works.

In a filing to Bursa Malaysia today, the group said the contract is valued at around RM20 million for a duration of two years with an extension option of one year, commencing December 2016.

"Kikeh Production and Drilling Riser Tensioner (PRT & DRT) system is a critical component of Single Point Anchor Reservoir/Dry Tree Unit (SPAR/DTU). PRT & DRT is vital in maintaining the stability of SPAR and wellhead riser.

"The contract involves the overhaul of Kikeh DTU to like new condition, and the modification and improvement of PRT to extend the service life," said Barakah.

It expects the contract to contribute positively towards the earnings and net assets per share of the group.

Barakah was untraded as at 12.30pm. The counter was last traded at 66 sen, translating to a market capitalisation of RM544.6 million.

Time to kill off contra players. only then can break 0.37

time to kill off contra player

if oil price can reach US$70. A lot people interested in taking over Perisai.

If everyone can cooperate, stop selling.
Sure all ICON share holders will get big ANG POW before Chinese new year.

Jolin.....if ALAM limit up. I take u out for expensive Dinner in any place u want to go.

SKPetro will break RM2.00 soon, once the gas project will Petronas started early next year.

http://www.thestar.com.my/business/business-news/2016/12/21/bursa-to-do-better-in-2017/

MaybankIB said thematic investing next year would also revolve around foreign-exchange proxies; oil price proxies;
small and mid caps;
Its refreshed top “buy” list has taken cue from its weight for sectors such as Tenaga Nasional Bhd (TNB), Gamuda Bhd,
SapuraKencana Petroleum Bhd (SapKen), IGB Reit and Yinson Holdings Bhd, as well as expected thematics such as
Genting Malaysia Bhd and Malaysia Airports Holdings Bhd, in addition to its value picks of Alliance Financial Group Bhd,
Inari Amertron Bhd and RCE Capital Bhd.

PublicIB’s recommended stocks include Genting Plantations Bhd, Kossan Rubber Industries Bhd, Chin Hin Group Bhd,
Ta Ann Holdings Bhd, SCGM Bhd, Sime Darby Bhd, SapKen, Wah Seong Corp Bhd and LBS Bina Group Bhd.

No plan to sell. Will hold until end of next year.
Can make more than 100% profit if oil price hit $70 next year.

Don't worry, need to kill off contra player before go up higher.

http://www.sinchew.com.my/node/1597772/%E6%B2%B9%E7%9B%9F%E5%87%8F%E4%BA%A7%EF%BC%8E%E6%B2%99%E5%9C%B0%E9%98%BF%E7%BE%8E%E6%8A%95%E8%B5%84rapid%E2%80%A7%E6%B2%B9%E6%B0%94%E4%B8%9A%E8%8E%B72%E5%88%A9%E5%A5%BD%E6%8A%A4%E8%88%AA

沙肯石油（SKPETRO,5218,主板贸服组）
评级：买进，目标价：2令吉30仙

沙肯石油为投资者提供油价浮动的高贝他（Beta）机会。今年为止，该股表现落后大市。同时，沙肯石油释放天然气资产价值也将是股价重估催化因素。

标志岸外
评级：买进，目标价：42仙

标志岸外放眼成为大马最大OSV业者，将可在领域整合潮扮演先锋角色。任何的并购活动料将通过发债方式筹措。

Quarter 3.16 result very good. Still making good profit. - RM158,059,000.00

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5284409

ICON start moving......going for 0.40 soon.

Singapore has approve to provide new loan to save Swiber.
Alam should not have any problem partner with Swiber in Oil and Gas projects.

RM0.26 closing eat all.
2moro going to fly even higher.
This week hopefully close above RM0.30

Now people understand that ALAM have been over sold and undervalue.
The actual worth is 3.6 times current value.
Not too late to accumulate at current price. Still very cheap.

30cts coming soon.

25 done......once 25 eat all.....up all the way.
need to kill all seller.

http://www.theedgemarkets.com/my/article/oil-prices-stabilise-after-fed-hike-tighter-market-looms

ANZ bank said on Thursday that oil markets would move into a substantial deficit in the first quarter of 2017 if the Organization of the Petroleum Exporting Countries (OPEC) and other producers led by Russia go through with their announced cuts of almost 1.8 million barrels per day (bpd) in output.

"This will likely push oil prices well above US$60 per barrel early next year," it said.

zzzzzz........donations on the way for elections. Then they have money.

Jolin.....I love u. U always write positive notes.
But I am not sure u r a girl.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5288597

EPF start buying

http://www.theedgemarkets.com/my/article/upward-oil-trajectory-uncertain-longer-term

We also have a “buy” on SapuraKencana Petroleum Bhd for its undervalued assets which may not face further significant provisions in a stabilising price environment.
TP - 1.80

Election is coming.
Tabung Haji, PNB & EPF need a lot of $$ to support government for Election.
They need push the stock market price up to get voter confident.
2017 is going to be a very good year for oil and Gas stocks.

Election is coming.
Tabung Haji, PNB & EPF need a lot of $$ to support government for Election.
They need push the stock market price up to get voter confident.
2017 is going to be a very good year for oil and Gas stocks.

Election is coming.
Tabung Haji, PNB & EPF need a lot of $$ to support government for Election.
They need push the stock market price up to get voter confident.
2017 is going to be a very good year for oil and Gas stocks.

Election is coming.
Tabung Haji, PNB & EPF need a lot of $$ to support government for Election.
They need push the stock market price up to get voter confident.
2017 is going to be a very good year for oil and Gas stocks.

Election is coming.
Tabung Haji, PNB & EPF need a lot of $$ to support government for Election.
They need push the stock market price up to get voter confident.
2017 is going to be a very good year for oil and Gas stocks.

Election is coming.
Tabung Haji, PNB & EPF need a lot of $$$ to support government for Election.
They need push the stock market price up to get voter confident.
2017 is going to be a very good year for oil and Gas stocks.

Chinese New Year ANG POW if oil price can maintain above US$55.00
ALAM - RM0.35
ICON - RM0.43
SKPetro - RM2.10

http://www.theedgemarkets.com/my/article/cover-story-steering-tabung-haji-forward

CUTLOST....when market bad, u say ALAM can go down to 0.11.
when oil price go up, u say difference thing.
U have already sold at 0.22 to me. R u going to buy back at 0.23 ?

ALAM should be the same price as ICON. If not because of that SIngapore Swiber issues.

Lembaga Tabung Haji surfaced as a substantial shareholder in Alam Maritim with a 5.03% stake in September 2008, when the counter was trading at an average RM1.17 per share. At the current price, LTH’s loss is bound to be significant.
LTH is still holding the ALAM shares as LTH has confident ALAM could recover if oil price go up.

If SKPetro foreign income in USD, when convert to Ringgit, revenue even more.

ICON under PNB
Don't have to worry

NTA - net tangible Asset = RM2.12
still below actual value......BUY BUY FAST

NTA - net tangible Asset = RM0.6079
still below actual value......BUY BUY FAST

NTA - net tangible Asset = RM0.93
still below actual value......BUY BUY FAST

ALAM coming already. $0.22 eat all.
This time is for real.
CUTLOST.....thank you for selling to me.

Patronas got 2 Mexico oil field projects. May tender to SKPetro.
Next year with GAS start. SKPetro may go above $2.00.

I'll continue buying if oil price continue go up.
Once u sold, u can't get back at this price. Later u may even buy back at higher price.
Petronas may adjust the charter rate higher next year if oil price stay above US$55
The ICON should start making a lot of profit.

I won't sell. I'll continue buying if oil price continue go up.
Once u sold, u can't get back at this price. Later u may even buy back at higher price.
Petronas may adjust the charter rate higher next year if oil price stay above US$55
The ALAM should start making profit.

bosses sleeping

oil coming......buy fast

Next year when GAS project with Petronas start. TP break RM2.00.

continue buying at RM0.20

http://www.thestar.com.my/business/business-news/2016/12/09/aminvestment-research-upgrades-sapurakencana/

Today Thestar - BUY TP : RM1.80

KUALA LUMPUR: AmInvestment Research has upgraded its recommendation on SapuraKencana Petroleum from Hold to Buy with a higher book value-based fair value of RM1.80 a share from an earlier RM1.40 a share.

Yesterday bought a lot at RM0.20.
Will pick up and keep for long term.

CUTLOST....why u still looking at ALAM if u have already sold all.

ALAM - more and more buyer