Up to u all.......I am still buying at $0.36

Planning to keep until next year.

I've collected a lot of ALAM recently during $0.36.
Waiting for April 17 Opec meeting.

Bought 1.78

How do u know next quarter loss, r u insider.
Are u collecting while asking others to sell since u r stocksyndicate ?

OTHERS WAH SEONG CORPORATION BERHAD ("THE COMPANY" OR "WSC") - AWARD OF SUB-CONTRACT FOR THE PROVISION OF INSULATION COATING PROTECTION FOR DEEP WATER, OFFSHORE INSULATION PROJECT IN THE GULF OF MEXICO

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5038357

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5046441

Alam and Icon playing the same game.
If u can't hold, they will wait for u to sell......then u are a loser.
If u can hold for long term, u will be a winner.

Alam and Icon playing the same game.
If u can't hold, they will wait for u to sell......then u are a loser.
If u can hold for long term, u will be a winner.

Will go back to RM2.00 soon

Some group is collecting for real......just look at the number.

got people collecting at this price.

Over sold

why sell when price already so low ?
Should Hold or buy

http://www.theedgemarkets.com/my/article/rm136b-investments-pipeline-foreign-interests

http://www.theedgemarkets.com/my/article/rm136b-investments-pipeline-foreign-interests

http://www.theedgemarkets.com/my/article/rm136b-investments-pipeline-foreign-interests

Today TheStar paper

http://www.thestar.com.my/business/business-news/2016/03/28/aminvestment-retains-hold-on-sapurakencana/

KUALA LUMPUR: AmInvestment Bank is maintaining its Hold call onSapuraKencana Petroleum with an unchanged sum-of-parts derived fair value of RM2.28, which implies a FY17F price-to-earnings (P/E) of 12 times.

SKPetro will comeback even stronger after all the dust settle down.
Now just hope for oil price to recover faster.

U may find in accounting book the advantage and disadvantage of Impairment.
It's good for long term

Impairment got nothing to do with cash in hand.
Only writing off of assets (property and equipment). It's only affect NTA (Net tangible asset)
No more monthly depreciation and expenses as old assets have been writen off.
One time big impairment meaning less expenses in future.

Impairment on GOODWILL can reverse back when oil price is up.

http://www.malaysiandefence.com/og-ships-patrols/

Impairment on GOODWILL could also be reversible as future gain once market improved.

Impairment on GOODWILL could also be reversible once market improved.

When SKPetro one time write off old equipment is actually is a saving in future expenses.

Property and Equipment monthly depreciation is an expense or spending for a company.
When 2 billion impairment in 2015 meaning that 2 billion less expenses in next few years.

The same goes to ALAM and other oil and gas company.

SapuraKencana - Impairment charges are non-cash items and reversible once the market improved.

A total of 2 billion impairment cost in 2015 could be add back as extra ordinary gain when oil price improve.

When SKPetro one time write off old equipment is actually a saving in future expenses.

Property and Equipment monthly depreciation is an expense or spending for a company.
When 2 billion impairment in 2015 meaning that 2 billion less expenses in next few years.

Impairment charges are non-cash items and reversible once the market improved.

A total of 2 billion impairment cost in 2015 could be add back as extra ordinary gain when oil price improve.

If u does not understand accounting, then It's 1.3 bil loss.....pity u.
If u understand accounting, then it's a future gain after impairment.

After Impairment the depreciation for property, plant and equipment will be less.
Less depreciation meaning less expenses or spending.

The Board of Directors of WSC is pleased to announce that its joint venture pipe coating business unit namely, Bayou Wasco Insulation, LLC (“Bayou Wasco”) has been awarded a sub-contract valued at approximately USD74.0 million for the provision of insulation coating protection for deep water, offshore insulation project in the Gulf of Mexico.

Bayou Wasco is a joint venture between Wasco Coatings UK Ltd. (“Wasco UK”), the Company’s indirect wholly-owned subsidiary and a subsidiary of Aegion Corporation (“Aegion”). Wasco UK holds 49% equity interest in Bayou Wasco.

The sub-contract work involves the provision of insulation coating protection for the deepwater portion of a undersea pipeline which is the core business of the WSC Group. The risks are the normal operational risks associated with provision of pipe coating and insulation services.

The sub-contract work is expected to contribute positively to the earnings of WSC Group. The sub-contract work is project specific and is not renewable.

None of the Directors, major shareholders of WSC and / or persons connected to them have any interest, direct or indirect, in the sub-contract.

This announcement is dated 23 March 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5038357

One time Impairment is Good for future when oil price recover.

The Group recorded profit before taxation of RM8.2 million (after excluding provision for impairment on property, plant and equipment and oil and gas properties amounting to RM1,143.8 million, deposit on proposed acquisition of oil and gas assets written off amounting to RM172.5 million), compared to RM462.7 million in Q3 FY2016 (after excluding provision for impairment on property, plant and equipment and oil and gas properties of RM317.3 million, provision for impairment on investment of RM28.3 million and changes in provision of RM80.9 million).

UALA LUMPUR (Mar 25): State-owned Petroliam Nadional Bhd (Petronas) is going to continue pursuing its enhanced oil recovery (EOR) projects, as it becomes more indispensable in this low oil price environment.

The group's head of technology Dr Nasir Darman said at a media conference today that Petronas's investment in upstream technology is constantly updated in order to better the execution in the EOR sector.

"To put things into perspective, the need for technology now is even greater when we face a downturn. When crude oil was at US$100 a barrel, the need might not be as stringent as at the time when oil is traded at US$40," he said at one of the media discussions at the Offshore Technology Conference Asia (OTCA 2016).

"Our technology is still focused on what we have pursued since 2002, when we set EOR as an agenda."

EOR is essentially the implementation of various techniques to maximise the extraction of oil from an oil field.

This should bring a sigh of relief to many oil-related service providers, who have been vying for contracts in the area. Recently, Barakah Offshore Petroleum Bhd won a contract to install two gas pipelines under the Petronas Carigali-operated Baram Delta Gas Gathering Project 2 (Bardegg 2) and Baronia enhanced oil recovery project offshore Miri, Sarawak.

http://www.theedgemarkets.com/my/article/petronas-continue-investing-eor

Oil could touch US$50 by end of the year.
Hopefully next year US$70. By then Petronas will add back most if the big projects.

Oil could touch US$50 by end of the year.
Hopefully next year US$70. By then Petronas will add back most if the big projects.

Oil could touch US$50 by end of the year.
Hopefully next year US$70. By then Petronas will add back most if the big projects.

Oil could touch US$50 by end of the year.
Hopefully next year US$70. By then Petronas will add back most if the big projects.

ALAM - Net assets per share attributable to ordinary equity holders of the parent ($$) - RM0.95.
Current price RM0.365 is only 38% of NTA (Net tangible Assets)
Undervalue stocks.

If and when oil price touch US$50 by end of the year, Petronas may re-activate some of the projects and produce more oil and gas.
Year 2017 oil price may hit between US$60 - US$80.
This year Goodwill impairment losses may become 1 time extra ordinary gain in future.
So buy now for long term investment.

If u r the seller today, then yourself COWARD with no balls.

A lot of COWARD is selling.

http://www.theedgemarkets.com/my/article/sapurakencana%E2%80%99s-2016-contracts-worth-us499m

SapuraKencana Petroleum Bhd
(Feb 10, RM1.79)
Maintain buy with a target price (TP) of RM2.72:

A lot of stupid panic investors sell when the oil price is down. Then later buy back at higher price when oil price is up.
I always buy when oil price is down and hold on when oil price is up.
I've confident that oil price will go up above US$50 per barrel or even US$60 end of this year or maybe early next year.

A lot of stupid panic investors sell when the oil price is down. Then later buy back at higher price when oil price is up.
I always buy when oil price is down and hold on when oil price is up.
I've confident that oil price will go up above US$50 per barrel or even US$60 end of this year or maybe early next year.

A lot of stupid panic investors sell when the oil price is down. Then later buy back at higher price when oil price is up.
I always buy when oil price is down and hold on when oil price is up.
I've confident that oil price will go up above US$50 per barrel or even US$60 end of this year or maybe early next year.