https://www.theedgemarkets.com/article/frankly-speaking-lot-cleaning-left-do

for all that you know, maybe those who has been saying 4.50 and 0.45 are both the same person LOL

How do we know otherwise LOL hahaha

TF must be feeling confidence of future ventures.

https://www.google.com/amp/s/malaysia.news.yahoo.com/amphtml/airasia-boss-shows-off-rm230-031054921.html

https://paultan.org/2021/08/27/airasia-ride-vs-grab-malaysia/

https://paultan.org/2021/08/24/airasias-teleport-buys-malaysian-online-food-delivery-platform-delivereat-for-rm41-4m-eyes-asean-market/

https://www.nst.com.my/lifestyle/bots/2021/08/720858/tech-airasia-enters-e-hailing-industry-airasia-ride

https://www.bangkokpost.com/business/2166883/airasia-joins-crowded-food-market

https://www.ttrweekly.com/site/2021/08/airasia-in-thailand-suffers-heavy-losses/

https://www.techinasia.com/airasia-teleport-acquire-delivereat-98m

... all airlines are suffering...

https://us.yahoo.com/news/abu-dhabis-etihad-posts-400-081349408.html

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Honestly nobody wants to buy those tender rigs that have been cold stacked for more than 2 years. To reactivate them will cost a lot of money.

They are better off scrapping those assets & claim impairment cost.

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A lot of high price defenders giving their piece of thoughts.

I get it on the future of AA, on their business diversification plans, definitely we love to fly the cheaper AA compared to MAS.

But right now, it's better to own AA shares with lower buying price than higher price. Maybe it's a good idea for the folks to buy at higher price to aversge down, or exit now & purchase later. I think it's downtrend at the moment.

...

https://www.theedgemarkets.com/article/airasia-group-share-price-falls-after-announcing-rights-issue

... sabar a bit, keep investing

https://us.yahoo.com/finance/news/ubs-oil-demand-return-pre-140000058.html

... macam PKP juga..mula2 say 1 month, then 2 months... then....

https://www.theedgemarkets.com/article/airasia-indonesia-stop-flights-month-july-6

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Today is last day of Q2 (1/Apr - 30/June). So far, revenue from flying is going to be terrible. Wonder how are the other business segments doing? From Q1 memo, they said cost already cut by 54%.

If Q1 was RM900+ loss with the 54% cost cut, I think Q2 will be significant loss as well. We'll find out end of Aug when AA reports the Q2 Financial Results.

trend nowadays, if QR negative, next day share price naik...see if Sapura follow this trend or not, lol :-)

dah keluar ka QR?

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Badak... badak... badak...

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rising global demand

https://oilprice.com/Energy/Crude-Oil/US-Oil-Prices-Hit-32-Month-High-On-Rising-Global-Demand.html

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Rising global demand...

https://oilprice.com/Energy/Crude-Oil/US-Oil-Prices-Hit-32-Month-High-On-Rising-Global-Demand.html

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Don't forget, whenever SapuraOMV sell that BOE barrel of oil....government receives royalty, government receives tax money, JV partners get their portion, deduct production cost some more....so, the value will be smaller.....I don't know the actual numbers. But definitely as the oil price increase, the revenue from Barrel oil Equivalent BOE/day will increase.

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At USD 70+ oil price, that's a good change of coins at 31,000 BOE per day.

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If you refer in the link below...
SapuraOMV's total BOE is 37,000 barrel per day.
Then sold the PM Asset to Jadestone Energy..lost 6000 bbl BOE per day.

Now, have 31,000 BOE per day

https://www.theedgemarkets.com/article/sapuraomv-sell-stakes-oilfields-offshore-peninsular-malaysia-us9-million

@drkelvin20

SapuraOMV's fields are all gas field. But, as you produce gas, you'll get oil condensate (BOE - Barrel Oil Equivalent) on surface.

From their recent Annual Report, they are producing 30,000 BOE per day. So, rough calculation, every day USD70 per barrel x 30,000 bbl of revenue, roughly USD 2.1 Mil per day. Need to deduct the cost of production...which I don't know what is the number.

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If oil price increases, ppl are buying Sapura Energy for future potential. With oil price increase, operators will increase CAPEX later on, which involves Sapura's EPCIC business. Increase CAPEX means more drilling program, which will increase rig utilization. Sapura OMV has 30,000 Barrel Oil Equivalent that can get direct revenue from the oil price increase, as well as additional revenue from gas sales since oil price & gas price usually in tandem.

If buying into future growth, I can relate.

But buying for contra is dangerous/risky/unpredictable.....very difficult to move this counter as it's very heavy with 15.9 billion shares, not to mention 1.1 gearing ratio.

PNB owns 39% of the Sapura Energy shares...so, at least we can say PNB won't let this company go down without supporting it.

betul....ada a few good projects coming...cuma tak tau macam mana the profit margin

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I heard one more idle rig got a new contract.... wait for announcement lah.

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would love to see Sapura shoot up....

But I have to understand the reality that this counter is sooooo heavy...difficult to shoot up fast, there'll be profit taking at many levels.

The only way to consistently go high is to reduce the gearing, get better margin projects, continuous good profit every quarter etc. When will this happen though?

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Malaysian Owner To Abandon Sunken Drilling Rig

https://www.upstreamonline.com/rigs-and-vessels/malaysian-owner-to-abandon-sunken-drilling-rig/2-1-1018432

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"AirAsia Group Bhd's net loss narrowed to RM767.42 million in the first quarter (Q1) ended March 31, 2021 from net loss of RM803.85 million recorded in the same quarter a year ago."

Banyak juga loss this quarter

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https://www.nst.com.my/business/2021/05/693652/airasia-new-loss-narrows%C2%A0-rm76742mil-q1-amid-subdued-travel-demand

When is the Q1 report expected to be announced?

banyak volume done uptrend buying at 0.14....something going on?

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with the current trend + covid cases + travel restrictions, probably best to wait until the price drop even further and then buy. Probably don't have to wait 3 years for the price to rebound to get good profit

... quote from above link

"As of yesterday, FocusM has listed down three research houses which based their assessment of AirAsia strictly on the aviation sector – all with “sell” rating with target prices of 5 sen (CGS-CIMB Research on March 30), 21 sen (MIDF Research on April 28) and 70 sen (Hong Leong Investment Bank [HLIB] Research on May 4)."

... interesting

https://focusmalaysia.my/business/as-it-prepares-to-debut-first-virtual-idol-airasia-drifts-even-further-from-flying/

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Keppel FELS B Class in Velesto's fleet can be used...to drill wise...but are there any available right now ready to go in....contractually & rig-readiness I mean.

Also, not sure what Naga-7's additional capability that Conoco requires such as MPD pipework ready or offline capability ready... no idea.

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Naga-7 is a premium rig, built in 2015. No idea of Conoco's justifications of hiring Naga-7. Sister rig to Naga-7 is Naga-6 which was built in the same year. Naga-6 was warm or cold stacked before...no idea what's going on now. Will take time to reactivate. Or maybe somebody already hire Naga-6. No news in the industry yet i.e no contract awarded to anybody. As of now, Naga-6 is warm / cold stacked.

Only Velesto can answer this, if you have insider info.

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flight service with Indonesia origin, maintenance & crew? I takut naik.

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PNB owns 40%..... definitely will not bungkus this company...a lot of money already being pumped in

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some Velesto's rigs are already contracted to Petronas & other operators...some are cold stacked and will take time to reactivate... will have impact on the income from Conoco Phillips & future revenue for sure, it's not a plug & play situation. Only Velesto can clarify this.

if Conoco Phillips still wants to drill to the target depth, they can position a new rig at a different location and do a directional drilling.

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Airasia loss FY20 is RM5.1 Bil...
What's the IB forecast for FY21? Will it be worse than this? Or Airasia have done cost cutting measures to reduce along with side incomes.

If worse, how worse?

contracts wise... if you have access to someone in Velesto, then check if it's long term or short term. If short term i.e 1 or 2 wells, then tough to keep the rig fully manned without any jobs. They will need to stack up to cut manpower cost.

Velesto is competing with modern rig which has "Full Offline Capability" ... Velesto rigs don't have this capability....you can google if you are wondering what it's all about. This is a significant cost saver in operations.

But, Velesto can always play the PNB card...PNB go to government...then government go to Petronas... then dapat la jobs with Petronas lol....easy money

that Naga-7 is a premium rig, made in 2015....expensive rig, loan belum habis bayar (I think)...maybe I'm wrong.

rather than you guys speculate what happened etc, I gave the input from someone in the O&G industry

not an investor in Velesto...just gave my technical take on this

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As a technical person, would I put my money in Velesto now? I takut lah.
But a stock trader on market sentiment and oil prices or chart reader...that's a different story...their strategy will be different