Market sources has advised that Velesto Energy jackup Naga 7 (375'-IC) has
secured a contract with Murphy Oil for drilling in Block SK314 off Sarawak.
Commencement is scheduled for the 3rd week of March for a duration of about
120 days. (Riglogix) ...

One last note: Please be a responsible investor. Evaluate the risk and reward of your portfolio and take a full ownership of your decision (to buy or not to buy). Do not blame others if something goes wrong but take full credit if it works well for you. Good Luck!

Again .. Prospect of Dayang:

As a result of the strong operational performance in the fourth quarter of 2018, Dayang has also recorded one of the highest quarterly profit after tax in our history. This is largely attributable to better cost control, improved efficiency and streamlined project management. It is also evidently positive that vessel utilisation came in stronger at 73%in the fourth quarter, compared to a utilisation rate of 51% for the fourth quarter a year ago.

Source: Page 23 of 29 Dayang 4Q 2018 Report dated 22 Feb 2019.

An excerpt from an oil major:

The outlook for industrial energy demand is dominated by the changing energy needs of China. The non-combusted use of fuels grows by 1.7% p.a., accounting for around 10% of the overall growth in energy demand. Oil-based fuels account for around 60% of this growth, followed by natural gas (30%) and coal (10%).

The global demand for liquid fuels – crude and condensates, natural gas liquids (NGLs), and other liquids – increases by 10 Mb/d, plateauing around 108 Mb/d in the 2030s.

Source: BP Energy Outlook 2019 Page 41-43/73

Just to recap about prospect of Dayang:

... we are optimistic that the strong earnings trend will be sustainable, premised on our fairly sizable order book of RM3 billion to last us at least until 2023. Notwithstanding the volatility in oil price, we remain upbeat on the company’s future prospects as Dayang has emerged stronger after going through one of the most challenging period over the past few years. We are confident that our balance sheet will continue to be strengthened as the impressive financial performance in 2018 has clearly demonstrated ..

Source: Page 24 of 29 Dayang 4Q 2018 Report dated 22 Feb 2019

Just to recap about Dayang debt <scroll up few pages>

Posted by ramada > Mar 8, 2019 03:35 PM | Report Abuse
I'm lazy to explain again and again. Read yourself.
Posted by ramada > Mar 3, 2019 03:03 PM
Here is the cash position for Dayang within 2015-2018.
FY2015
B 1,805,191
C 235,417
FY2016
B 1,638,215
C 234,445
FY2017
B 1,279,038
C 164,901
FY2018
B 1,068,091
C 195,649
B=Borrowings
C=Cash
Posted by ramada > Mar 3, 2019 03:07 PM
Borrowings had reduced RM200 mil per year. That's mean they will back to net cash position within this 3-4 years.

aiyoo guys cmon lorr dont fight lorr. we all here want to make money lorr haar. it is perfectly human to have doubt lorr haar but sometimes haa before asking question lorr dig a bit more about your question lorr before you irritate others lorr haa .. and be nice others people too lorr. we all need each other to support Daysng haar ...

Does french government own Total meh? Does the UK government own Shell meh? Petronas was never a full fledged O&G company lorr. It is always the Ministry of Oil and Minerals of Malaysia ... kikiki

aiyoo where got permanent oil price down meh? oil price is down a bit after China revised their target GDP growth from 6.5% to ‘6-6.5%’ lorr. Globally the GDP growth will drop slightly but even at that growth rate, total energy consumption will continue to go up up up lorr. Oil consumption will continue to increase and oil price is targeted at $69/bbl average lorr for 2019.

ramada harr be nice lor. guests come to our house lorr be nice haar

aiyyoo i thot khazanah was full of bright stars working there lorr? in fact some of the brightest of the brightest lorr... how come mass losses lorr? we all neen explanation lorr!

Thank you Uncle KYY! Happy weekend!

aiyooo 1.63 lorr ... pengsan lorr! lai lai buy more. lai lai buy more!

aiyoo waiting for correction haa? the correction is now lorr, only uptrend correction lor because Dayang is so undervalued lorr.

aiyooo touched 1.60 lorr .. almost pyietam in front of PC lorr .. aiyoo lai lai buy buy!

aiyoo landed safely at 1.58 lorr .. lai lai! buy more lorr!

Go Dayang! Go Dayang! Go Dayang!

aiyoo wait wait for the big boys. where are the big boys with big mandate? still in bed with Nestle meh?

TP 3.0 will give 100% return at current price lor! what are guys waiting for .. aiyoo!

Yes every Friday always up and coming Monday will be a big jump! Because over the weekend, everybody will be talking about Miss Dayang lorr!

going to close at 1.60 today lorrr! true or not?

soon all the big boys will come in and push Dayang to the roof! mandate boys, where is your mandate lorrr?

Thank you Uncle KYY! Every Friday Dayang sure UP UP UP! Have a good weekend ahead!

yor lorr kwap is the one made the statement. ask kwap lorr. you ask prestariang of course they deny it lor they didnt make that statement. and kwap wouldnt make that statement too if it werent true lorr so you must know what it means lorr kikiki

Dayang is still the best! good support for upward price movement even when other counters hit high volume! BUY BUY BUY DAYANG!!

aiyoo you have 7 childreb all want to study overseas haar which one you give approval first haah? which one? all of them but one by one lorr kikiki

KWAP are on shares disposal frenzy in many counters. they needed money to pump into a new investment?

skin may not be cancelled lor. govt need this type project to spur the economy haa. suspect it is being renegotiated at a lower cost meh

tomorrow up or down?

tomorrow huat huat up please.

tomorrow up up and awayyyy!

why drop so much from 1.29 back to 1.23? who was selling down?

scaryy haar. like rollee coaster ride lor. relax haar .. up up up!

aiyoo contruction technology has evolved a lot meh. the cement and brick you see today not the same like 20 years ago lor. they are much stronger and have better safety factor lor. otherwise you cannot get taller and taller towers and strange building shapes with offset center of gravity lorr

For Dayang:

My head’s under water
But I’m breathing fine
You’re crazy and I’m out of my mind
I’ll give my all to you
You’re my end and my beginning
Even when I lose I’m winning
'Cause I give you all, all of me

BUY BUY BUY until no more bullet!!

vely vely heppi haar .. like this sure up huat huat lorr just wait liam liam horr.

BUY BUY BUY! aiyoo no bullet oredy lorr

dayang is the best! will top up more and more! thank you Uncle KYY!

waaah good news lorr

haiyaa IDSS play lorr .. too many of them aiyooo

BUY BUY BUY!!!

aiyoo this PC is for contract award meh not to explain default payment meh. oso price drop meh? BoD should just mention forecast $500 mil profit lorr haah based on todays available information lorr. stay positive lorr .. contract award meh kikiki

after press conference tp 1.60!!!???

hmmm I bet Uncle KYY comment will be the same meh. He continues buying at this low price and will only sell at TP or when Dayang starts losses in qtr report lorr.

aiyoo when is the press conference lor? is it real press conference or just acting only haa? why taking soo long for press conference?

sifu, aiyooo can buy still or the party is over?

aiyoo dayang retraces meh? dont worry lor this is just a normal wave. give it a day and momentum eill come back lorr.

Thank you Uncle KYY. All of us will stay and hold tight tight lorr! Go Dayang Go Dayang!

Life is sooo difficult. Doing free stuff also kena call scumbag. haiyooo what a world we live in today ...

Thank you Uncle KYY! Happy weekend ahead!