“According to Petronas’ second-quarter results, the crude oil, condensate and natural gas volume production for the first six months was 2,327 thousand barrels of oil equivalent per day (boe/day), up from 2,234 thousand boe/day in the corresponding period last year.

“It was mainly due to the increase in new production streams in Malaysia, Iraq and Azerbaijan. This shows that the decline in exploration oil rigs does not have an immediate impact on current production,” said the analyst.

O&G players that own or support drilling rigs include UMW Oil & Gas Corp Bhd (UMW O&G), SapuraKencana Petroleum Bhd (SapKen), Icon Offshore Bhd, Alam Maritim Resources Bhd and Perisai Petroleum Bhd.

“According to Petronas’ second-quarter results, the crude oil, condensate and natural gas volume production for the first six months was 2,327 thousand barrels of oil equivalent per day (boe/day), up from 2,234 thousand boe/day in the corresponding period last year.

“It was mainly due to the increase in new production streams in Malaysia, Iraq and Azerbaijan. This shows that the decline in exploration oil rigs does not have an immediate impact on current production,” said the analyst.

O&G players that own or support drilling rigs include UMW Oil & Gas Corp Bhd (UMW O&G), SapuraKencana Petroleum Bhd (SapKen), Icon Offshore Bhd, Alam Maritim Resources Bhd and Perisai Petroleum Bhd.

http://www.thestar.com.my/Business/Business-News/2015/08/18/Output-unaffected/?style=biz

http://www.thestar.com.my/Business/Business-News/2015/08/18/Output-unaffected/?style=biz

“According to Petronas’ second-quarter results, the crude oil, condensate and natural gas volume production for the first six months was 2,327 thousand barrels of oil equivalent per day (boe/day), up from 2,234 thousand boe/day in the corresponding period last year.

“It was mainly due to the increase in new production streams in Malaysia, Iraq and Azerbaijan. This shows that the decline in exploration oil rigs does not have an immediate impact on current production,” said the analyst.

O&G players that own or support drilling rigs include UMW Oil & Gas Corp Bhd (UMW O&G), SapuraKencana Petroleum Bhd (SapKen), Icon Offshore Bhd, Alam Maritim Resources Bhd and Perisai Petroleum Bhd.

“According to Petronas’ second-quarter results, the crude oil, condensate and natural gas volume production for the first six months was 2,327 thousand barrels of oil equivalent per day (boe/day), up from 2,234 thousand boe/day in the corresponding period last year.

“It was mainly due to the increase in new production streams in Malaysia, Iraq and Azerbaijan. This shows that the decline in exploration oil rigs does not have an immediate impact on current production,” said the analyst.

O&G players that own or support drilling rigs include UMW Oil & Gas Corp Bhd (UMW O&G), SapuraKencana Petroleum Bhd (SapKen), Icon Offshore Bhd, Alam Maritim Resources Bhd and Perisai Petroleum Bhd.

http://www.thestar.com.my/Business/Business-News/2015/08/18/Output-unaffected/?style=biz

If you have no plan to hold for long term, please don't buy ALAM share.
You are not welcome.
We only welcome long term investors.

it's a good time to privatize.....maybe RM0.80 since NTA RM0.91.
Most Investors will be happy, some sad as they bought above RM1.00

We need good teamwork. If everyone stop selling, then Alam share won't go down.

It's time to buy Toto 6/58.....just pray for lucky pick numbers.
no eyes see.

Can any employee working with ALAM or customer dealing with ALAM,
Please help to update us if you all have any latest information ? Thanks.
any Insider news ?

Since now we can't do anything, let us just bet Alam coming Q2'15 result ?
I think still making profit but lower than last year.

OPEC another idiot.
WAR in middle east can also push oil price up.

NTA plus goodwill could be more than RM1.00

why sell when the price already so cheap. Cash in hand could be already more than that.
NTA ...Asset more than double current price....RM0.91

Quarterly result should come out in next 2 weeks.
Just us pray for good result.

A stupid coward throw down at 0.48 before close.

U.S. House to vote on Iran deal disapproval resolution

WASHINGTON (Reuters) - The Republican-led U.S. House of Representatives will vote on whether to reject the nuclear agreement between world powers and Iran when lawmakers return to Washington in September, party leaders said on Tuesday, setting up a showdown with the White House.

July 30, the Secretary General of the Organization of the Petroleum Exporting Countries Abdalla Salem el-Badri will hold a meeting with Russian Energy Minister Alexander Novak to discuss the oil and gas markets. Russia and OPEC share a common interest in wanting to boost oil prices

July 30, the Secretary General of the Organization of the Petroleum Exporting Countries Abdalla Salem el-Badri will hold a meeting with Russian Energy Minister Alexander Novak to discuss the oil and gas markets. Russia and OPEC share a common interest in wanting to boost oil prices

July 30, the Secretary General of the Organization of the Petroleum Exporting Countries Abdalla Salem el-Badri will hold a meeting with Russian Energy Minister Alexander Novak to discuss the oil and gas markets. Russia and OPEC share a common interest in wanting to boost oil prices

According to Saturday Thestar paper, Petronas this year is producing more oil than last year.
Down stream oil support is actually getting more job than last year.

According to Saturday Thestar paper, Petronas this year is producing more oil than last year.
Down stream oil support is actually getting more job than last year.

According to Saturday Thestar paper, Petronas this year is producing more oil than last year.
Down stream oil support is actually getting more job than last year.

EPF Acquired 07 Jul 2015 53,700
Direct (units) 48,501,492
Direct (%) 6.26

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4799509

EPF Acquired 06 Jul 2015 516,400
Direct (units) 48,447,792
Direct (%) 6.253

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4798241

Target price 72 sen

http://www.theedgemarkets.com/my/article/alam-maritim-report-better-earnings-2h15-says-affinhwang-capital

Today Theedge report

Alam Maritim to report better earnings in 2H15, says AffinHwang Capital

KUALA LUMPUR (July 9): AffinHwang Capital Research has maintained its “Buy” rating on Alam Maritim Resources Bhd (AMRB) at 49.5 sen with an unchanged target price of 72 sen and said it expects AMRB to report better earnings in 2H15 (vs 1H15) driven by higher subsea / OIC work flows and higher OSV utilisation.

In a note today, the research house said its 2015E core net profit forecast of RM46 million looked reasonable, but 2016-17E outlook was less certain, as most of AMRB’s jobs in hand were short-term works.

“Maintain Buy on undemanding valuation of 0.5x price-to-book, a historical low,” it said.

Now the company Cash and Assets is more than the market price.
Why still got so many people selling below actual value ?

Why selling when the price already so low and so cheap.
Company still making profit.

next year oil price can go back to US$70 - US$80 per barrel.
Just hold and wait....

KUALA LUMPUR, July 1 (Reuters) - Fitch maintained Malaysia's
long-term foreign currency issuer default rating (IDR) at A- and
local currency at A, with outlook revised to stable from
negative previously.
Fitch said in a statement that Malaysia's fiscal finances
have improved and views progress on the Goods and Services Tax
(GST) and fuel subsidy reform as supportive of the fiscal
finances.

KUALA LUMPUR, July 1 (Reuters) - Fitch maintained Malaysia's
long-term foreign currency issuer default rating (IDR) at A- and
local currency at A, with outlook revised to stable from
negative previously.
Fitch said in a statement that Malaysia's fiscal finances
have improved and views progress on the Goods and Services Tax
(GST) and fuel subsidy reform as supportive of the fiscal
finances.

KUALA LUMPUR, July 1 (Reuters) - Fitch maintained Malaysia's
long-term foreign currency issuer default rating (IDR) at A- and
local currency at A, with outlook revised to stable from
negative previously.
Fitch said in a statement that Malaysia's fiscal finances
have improved and views progress on the Goods and Services Tax
(GST) and fuel subsidy reform as supportive of the fiscal
finances.

KUALA LUMPUR (June 30): CIMB Investment Bank Bhd has advised investors to accumulate shares in Wah Seong Corp Bhd ( Financial Dashboard), as the brokerage sees the group’s inroads in Europe and North America as potential catalysts.

In a note today, CIMB said the group could potentially secure a second contract with Statoil in Norway, worth upwards of US$100 million (RM377.35 million), following the success of the RM627 million pipe-coating contract for Statoil’s Polarled project.

“Management is looking forward to potentially securing a second contract — worth no less than US$100 million — with Statoil in Norway, where it already has an onsite, mobile plant that is handling the Polarled pipes and is aiming to further serve the North Sea market.

“The contract winner is expected to be announced in July or August 2015, before the contract commences in 2016,” said the research house.

Meanwhile, CIMB noted that Wah Seong (fundamental: 0.95; valuation: 2.60) is also bidding for potentially recurring jobs in North America, via its 49%-owned Bayou Wasco’s deepwater plant in Louisiana as its key asset.

For its operations in Malaysia, the research house said it is positive on the group’s small presence in Pengerang, as Wah Seong delivered the first shipment of spiral-welded onshore steel pipes for the RM202 million Pengerang contract, earlier this month.

It also said production has started at Wah Seong’s Sabah and Penang facilities last month, following a letter of intent received in the first quarter of this year.

“As at March 31, 2015, Wah Seong had orders worth RM1.2 billion, of which 59% came from oil & gas, 25% from renewable energy and 16% from industrial trading and services. Its tender book is worth RM5 billion, of which 80% consists of oil & gas jobs,” said CIMB.

Wah Seong was unchanged at RM1.32 at 11.40am today. Its market capitalisation was RM1.02 billion.

http://www.theedgemarkets.com/my/article/wah-seong%E2%80%99s-europe-north-america-inroads-are-potential-catalysts-says-cimb

Latest theedgemarkets news.

The research house maintained its earnings forecast and target prices for all oil & gas companies under their coverage but upgraded Alam Maritim Resources Bhd (AMRB) ( Financial Dashboard) and Petra Energy Bhd (PENB) ( Financial Dashboard) to “Buy” on their share price weakness.

http://www.theedgemarkets.com/my/article/affinhwang-upgrades-og-sector-%E2%80%9Cneutral

Alam NTA = RM0.91....Now only RM0.59
Hong Leong Boss must has done some homework before invest at RM1.35 for long term.

Based on the recent 2 contracts, Alam should have no problem maintain good profit record this year.
Undervalue stock. TP end for this year = RM1.00

http://www.thestar.com.my/Business/Business-News/2015/06/18/Foreign-funds-turn-net-buyers-on-Bursa-Malaysia/?style=biz

http://www.thestar.com.my/Business/Business-News/2015/06/18/Foreign-funds-turn-net-buyers-on-Bursa-Malaysia/?style=biz

http://www.thestar.com.my/Business/Business-News/2015/06/18/Foreign-funds-turn-net-buyers-on-Bursa-Malaysia/?style=biz

http://www.thestar.com.my/Business/Business-News/2015/06/18/Foreign-funds-turn-net-buyers-on-Bursa-Malaysia/?style=biz

Foreign funds turn net buyers on Bursa Malaysia