Slow and steady climb.....the fast and furious phase is just around the corner!!!

Jaks is climbing wall of fear. Steady!!

Today Jaks further up regardless. Break 83 with high volume!!!

If tomorrow Jaks can break 83 sen with huge volume, that would be great!!!!

Promising

Hope Jaks find support at 73 sen level.

Barakah got MCM for 5 years from 5 different conpanies:

1. Hess
2. Enquest
3. Petrofac
4. IPC (formerly Lundin)
5. Sapura

All these big companies awarded to Barakah buta2 ka? No check on the company financial background ka? Cannot be all 5 buta2 make mistake right.

At 60 sen maybe got risk. But at 12 sen, most likely priced in already. Maybe.

Good article dk66. You are right, fundamentally not much has changed. In fact, it is getting better and better. Tailwind will only get stronger and stronger.

Jaks..... almost every other day got progress update on CPECC website.

CPECC is professional and transparent. Jaks has a good and proven partner in this JV.

Share price only in the warm up phase at the moment.......the euphoric phase is yet to come....

I am positive maybe it will happen towards end quarter of this year....nevermind the waiting....because I believe it is really worth it!!

Slow and steady!!

John_Lee. Maybe it was pure luck. Glad to join Jaks bandwagon.

Jaks if break 64 and hold at 64 and above would be very nice. Cup and handle formation maybe!!

Ok Ricky Kiat. Will treat icon8888 and dk66 for their sharing on Jaks.

Multibagger in the making!!

DK66, basically you lay out all the facts on the table. Granted with some unknown unknowns especially the IPP terms. But comparison of similar project in Vietnam has provide further insight on how lucrative this power plant could be.

If Jaks were to construct the power plant alone, I will stay away from this counter. But with a reputable partner with vast experience in design and construction, I am convinced to invest. Plus we can regularly check the progress based on updates on CPECC website.

It is true as you suggested one could wait for the actual revenue and profit figure after power plant completion, but you could miss a big gain. After all stock market is forward looking and at this price, its risk reward suits my appetite.

Thanks newbie8080, though I hope and believe that it may not happen

I have spent a great deal of time reading about Jaks (KYY& icon8888 blogs, dk66, david_tan etc).

And come out convinced that Jaks is a potential multibagger stock in the making. Jewel in the crown is the Hai Duong power plant. And as time passes, it is getting better and better as it is nearing completion.

With the kitchen sinking exercise in the last quarter done, looks like the the headwind is cleared and tailwind will get stronger.

I have decided to invest in Jaks last Friday at 57 sen and ready to ride it for long term.

Hibiscus added into MSCI Small Cap Index. Effective date: 30/11/2018

"They (MMC-Gamuda JV) are the only one who seem to have the experience. I think they stand a good chance to win the project," Mahathir said.

He said the project should be awarded to local companies to further enhance the engineering capabilities of these companies.

:)

http://m.thesundaily.my/node/77350

Old story..... but the same Tun.

We have to bear in mind that Sapura had done a few asset (reserves and equipments) impairments in the past mainly due to low oil price and low utilization.

Given the recovery and more importantly stability in oil price, this can be reverse in the future. Though impairments are non-cash items, reverse impairments will certainly increase its NTA. So if we apply the same discount factor (0.3/0.5/0.7), the fair value of its share will also increase.

The question we should ask ourselves is:

1) do we believe the recovery in oil price after 4 years of slump
2) do we believe more spending from oil majors with this higher oil price
3) do we believe Sapura has what it takes to seize the opportunity by winning more contracts

If our answers is yes, then invest and ride on its uptrend. My personal view is, based on recent increase in orderbook (i.e 250% more than the same perion (Feb-June 2017)), it ticks all the three boxes above.

Anyway, work on SK408 Phase 1 is in progress as we speak. And its production date is getting closer. By then, Sapura shall be producing 25k-30k boepd which is about 2.5x bigger than current production.

Most analysts have forecasted weak numbers for this quarter. Hence, my guess is the price action may not be significant if it is within their expectation.

Positive factors that should be a plus in this quarter is higher oil price, B15 gas field contribution and interest saving from previous asset impairment.

https://www.investopedia.com/articles/technical/04/050504.asp

Identify which phase of the cycle we are in for oil and gas now.
I believe the Mark Down phase is over. That is when oil crash from mid 2014-early 2016.

We could well still in the accummulation phase. The phrase “worst is over” often heard in the media. Even TS Shahril mentioned it in the weekly magazine 3 months ago. It may take some time to complete.

But what interesting is what comes after that. The ‘Marked Up’ phase. When that will happen is anyones guess. Good luck all!

I suppose this is a good news. This is not just a normal company. It is a beast waiting to unleash its potential.

Expecting more good news coming up from Middle East (Qatar) soon.

Results good or bad, no one really knows. Unless, you are one of ‘them’. Regardless, here are some facts worth considering:

1) TS Shahril has declared worst is over in Focus weekly

2) No impairment in FY 2019

3) Maybank estimated savings of RM 160 mil annually from previous impairment exercise

4) Crude is relatively stable above USD 60 (Brent). Every 1 dollar increase will contribute RM 21 mil to bottomline based on current Sapura production rate

5) Production rate will increase by 2.5 times (i.e 25000 boepd) once Gorek, Larak & Bakong start production end 2019/early 2020. Work in progress as we speak

6) Share price currently trading at merely 0.22 time sum of parts of RM 2.76 (AmInvestment figure). Steep discount compared to MHB (0.5x) and Armada (0.9x)

7) Encouraging contract wins YTD (around RM 3 bil). Expected more to come from India and Qatar (Upstreamonline)

8) world crude oil stock is at lower end vs oversupply prior to 2014 crash. Significant production decline worldwide (esp Venezuela) and Iran sanction to put further pressure on supply.

9) oil cycle has been down for almost 4 years. We should expect the next upcycle is around the corner and capex spending by oil majors to start again after witnessing stable oil price (Repsol has already increase upstream capex by USD 9bil)

10) last but not least, you are buying a market leader in oil and gas industry, not only in Malaysia but worlwide. Sapura is benchmarked against the likes of McDermott (US), Saipem (Italy), TechnipFMC with proven expertise and track record.

Based on the above, I think this counter is worth investing for medium to long term play. Good luck all!!

Interesting

Uptrend counter at the moment....

Higher highs, higher lows....

Perhaps the following contract awards to fuel SAPNRG beyond RM 1:

http://www.petrowatch.com/synopsis.php?artId=16848&w=1

http://www.upstreamonline.com/hardcopy/1491803/sapura-leads-chase-for-ongc-pipeline-prize

Total contract value: more than USD 300 mil / RM 1.2 bil

Record breaking volume again... with 26% up

Oil price also UP..... and perceived as Tun M friendly stock.

This counter may see change of fortune !!!

This counter is getting lighter....

Not much volume needed to gain 7 sen, compared to last few months.....
Selldown for the past few days also done with diminishing volume.....

Looks like in an uptrend at the moment (higher highs, higher lows).....
Hopefully bullish engulfing pattern today confirms the reversal to target higher highs...

All the best to all!

Better play long term la... play short term for what??

Only brings Headache, restless and unnecessary stress.

Relax. You are buying a market leader at this rock bottom price. Should have confidence!!

According to webminar sharing by Fred Tam, bullish signal appeared in SAPNRG on the day it closed at 0.645 (Wednesday). That is also the day when highest volume of 600+ mil recorded.

Judging by his previous technical selection, I believe the rally in SAPNRG has just STARTED and has a long way to go.

Golden cross. Technically, the bull move just started for Armada. How high will it go?

With SK408 first phase approval, future earnings from FY2020/2021 onwards would be more certain.

That would last for 2-3 DECADES. Ebitda projected 350-400 m annually.

By FY2022/2023, the mammoth Jerun field expected to be online. By then, earnings from their gas field would be even more significant.

By then, Sapura Energy will be a major gas supplier in Malaysia. How much a significant gas
would be? RM 2, 3, 4, 5, 6, 7,8, 9,10?

And off course the E&C and drilling would also contribute on top of its E&P, which will only push the share price higher.

We are buying a Market Leader, at this current price. This counter certainly will reward patient long term shareholders

Refuse to go down.... unlike last time.
Good

Smartmoney just entered big time yesterday. Too early to sell.

Not surprised Sapura will party all the way until next quarter report.
Off course with some small corrections along the way.

Looks like market is pricing a possible reintroduction of sanction on Iran next month.

High likely!!

Big fund buying looks like it with this kind of volume....

431 mil volume will be history....

Highest volume ever recorded is 431 mil.

If today can exceed that and up, most likely worst is over and uptrend is confirmed.

By 2021/2022, Sapura Energy will be a major gas producer in Malaysia.

By then, a major gas producer cannot be worth below RM1. How much would it be?

GOLABA!!

I seriously feel that Sapura is rather neutral in its political affliation. The view of it as being pro Opposition is merely perception, as it was associated with Mokhzani Mahathir before.
Now that MM is no longer in the picture, that perception is no longer rellevant.

Unlike some politically linked companies, this company is driven more by its capabilities vs political affliation. YTD contract win of 2.8 bil further demonstrates that. Sapura needs a stable oil price more than having a political affliation.

Even with a strong political connection, it is of no use if crude oil price remains low. Just my personal opinion.

Nice. Volume more than 200mil by today.... possible?

Breakout with large volume would be nice

most welcome

mobuzz.... he did not mention the exact price, but we all should know what that statement implies :)

Tan Sri also said he was not interested to come out to the media when the share price crashing for the past few months. He would rather focus on fixing the gaps and get it done.

He also seems unpeturbed by the low share price. As he believe Sapura has what it takes to turnaround when the time comes. And he believe the worst storm has passed and good times is ahead of us.

There is a full coverage on Sapura Energy in Focus Weekly.

Finally Tan Sri has spoken. He reckon the worst storm is already
behind them and that Sapura Energy will return to its glory days within
36 months.

Have a look!

Gorek Larak Bakong is way bigger than B15. Approval expected this year. Online FY 2020/2021.

Jerun is the biggest amongst all. Expected FY2022/2023.

Long term prospect very exciting for SAPNRG. Buy for long term. Ignore daily noises.

http://dutchenergyassociation.com/article/mexico-unveils-list-bidders-round-31

Sapura quietly making inroads into more E&P. After New Zealand, now Mexico...

GoLaBa!!!

Energy division : Good (crude oil price up)

E&C division: Better (RM3 bil contract win in 3 months)

Drilling: Low utilization (But expected to improve with higher crude price)


Light at the end of the tunnel for Sapura this time?