Stay strong

Pancing lagi

Oil trending down again with new COVID 19 variant.

https://www.klsescreener.com/v2/news/view/914185/Sapura_Energy_to_supply_wind_columns_to_Singapore_based_offshore_wind_farm_developer

Yes, OPEC rules. They want to penalise the ESG movement, that’s why they want price to be up so investors pour their money into Oil equities.

https://oilprice.com/Energy/Oil-Prices/JPMorgan-80-Oil-Is-Remarkably-Cheap.html

Crude price rallied after SPR release factored in. Looks like market is ready for long rally ahead with increased demand

Looks like institutional investors are tired of the politics. Need more foreign injection but current administration are incompetent, and passes unnecessary tax impact to companies. No rightful investors will put their money with pirates.

10 cents support bleeding again. Collect more

Yeah, clearly the Sapura tender team messed up on the Taiwan deal. Hopefully they can secure better contract terms moving forward and reduce exposure to the group and shareholders

What happened to the retail traders in this forum. So silent these days :)

Change to 4th PM again, haha. Politics in Malaysia becoming a laughing stock. It’s like playing musical chair these days. No need to waste money on election, when assemblyman can jump seats/party. Democracy in this nation mostly driven by cronies and kleptocracy. Rule of flaw.

https://oilprice.com/Energy/Energy-General/An-Undisputable-Truth-The-World-Still-Needs-Oil-And-Gas.html

https://oilprice.com/Energy/Energy-General/An-Undisputable-Truth-The-World-Still-Needs-Oil-And-Gas.html

All Oil counters are struggling. Might as well let Sumatec to trade given the positive outlook.

All Oil counter struggling. Bursa should just allow Perisai to perform its debt restructuring as per creditors approval. How come they are bias for AAX with 24 billion debt to trade.

Looks like it’s going back to Pre-covid level around 1.50

To leverage O&G portfolio, balancing with steady counter like ICON offshore. Let’s see

Big boys entered at 10 cents got tired and exchange hands at this level. The market is assessing Sapura next quarter earnings. I feel optimistic with recent gas rates and deferred revenue, the company could be in better shape for this quarter.

Better trade reliable Oil counter, ICON is profiting and still has thin market cap.
https://www.thestar.com.my/business/business-news/2021/11/13/icon-offshore-emerges-as-dark-horse-in-og

https://www.thestar.com.my/business/business-news/2021/11/13/icon-offshore-emerges-as-dark-horse-in-og

Looking healthy. Let’s see this week break 12 cents. Go go!

Even AAX with 24billion debt can jump more than 2X from its low. ICON certainly has better prospect and profit, but slowly moving. Waiting for the big spike past 20 cents to start trend towards 30, 40, 50 cents

Even AAX with 24billion debt can jump more than 2X from its low. Need more sentiment investors in Oil stocks.

Even AAX with 24billion debt can jump more than 2X from its low. Need more sentiment investors in ALAM

https://www.theedgemarkets.com/article/cover-story-what-went-wrong-sapura-energy

Too many sharks and ESG is attacking Oil equities globally.

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

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

Need viagra

Just watch how these Oil counters frustrate retailers to quit, and then the whales buy their tickets to push higher.

https://oilprice.com/Energy/Energy-General/Supply-Chain-Crisis-Could-Be-Bullish-For-Oil-Prices.html

Guys. Sapura is going to move eventually for next earnings sentiment. However ICON offshore is going for higher gearing with the improved cash. Soon will trade 15 cents before cruising for 20 cents. Join the club, easy money.

Yes. They are securing key order book

Yes. It’s drowned. Buy credible prospect, ICON offshore 2 quarters good profit and growing. O&G stocks next in line. OPEC punishing the world on ESG agenda, they will not over produce and make crude price high to attract investment.

Sapura bet for next earnings.Fingers crossed the figures will look much better after foreseeable losses captured in previous quarter report.

https://oilprice.com/Latest-Energy-News/World-News/Bank-Of-America-Sees-120-Oil-By-June-2022.html

https://oilprice.com/Latest-Energy-News/World-News/Bank-Of-America-Sees-120-Oil-By-June-2022.html

ICON price is seriously undervalued. I suppose the stock haven’t receive proper traction from institutional investors.

Yeah. A good prospect company with performing QR, Way undervalued. Price should already go beyond 25 cents at this stage

ICON fair value should be above 25 cents already. Let the Company do shared buy back to lift benchmark.

Agreed. Institutional investors are observing the macro risks on persistent. COVID cases, ESG movement and demand growth.

One thing is certain, human population doesn’t cease to grow and demand for energy will continue to grow post pandemic / endemic. Question is how fast would renewable energy would satisfy the energy hunger globally, till then O&G will still triumph.

Let’s go for it. Stocks are long term play. Keep it there and bear the fruit in couple of years.

The operators are trying to frustrate retailers to quit before they push up. Just be patient and hold your tickets.

Nice. I am holding nearly 15,000 lots. Long term play.

ICON rocket

Line up for next earnings session.

ICON soaring high. Nicely done. Sapura coming soon

ICON go go go

I don’t know about you guys, but I am currently profiting in ICON and Sapura. Just keeping this for long term gain.