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?

Upstream online quite spot on

What happen if Trump withdraw Iran nuclear deal in May ? And sanctions are imposed in Iran.

My checks with people in Worley Parsons also indicate SAPNRG has got the Mubadala job

https://www.cnbc.com/2018/03/04/china-says-it-does-not-want-a-trade-war-with-us.html

weng77..... good estimate on Q4 E&P profit.

Most analysts are forecasting Q4 to be bad i.e loss.
If Sapnrg can spring a surprise by breakeven or small profit, funds may chase the shares back again.

Yes. We are already the shareholder of Sapura which owns E&C and Energy business

it could still be like Sime. After all, their Energy and Services (E&C, Drilling) can be treated as independent

The most important thing is, it has to be attractive enough for EPF/PNB and KWAP
to accept the deal, plus the majority of minority shareholders during EGM

Job in the bag??

:)

Sapura Energy on recruitment drive....
Something in the bag already??
Mubadala CPP as per market talk...??

Sapura and MHB movement almost similar

Proact286, here you go:

Sapura leads race for Pegaga turnkey award



Sapura Energy’s engineering and construction division is in pole position to land a significant turnkey contract for work on Mubadala Petroleum’s Pegaga gas development off Sarawak, east Malaysia.

Pegaga is one of the few current Malaysian offshore oil and gas developments but is one of the largest.

The main prize is the engineering, procurement, construction, installation and commissioning of a large central processing platform, with a 12,500-tonne topsides, 7000-tonne jacket and 3200 tonnes of piles.

The platform will feature a 12-slot drilling deck, a 50-person living quarters, and has been designed to produce between 400 million and 600 million cubic feet per day of gas.

It will be located in 110 metres of water in Block SK320 off Sarawak, and the floatover method of installation is understood to be favoured. Only two companies were invited to bid for the contract — Sapura Energy and Malaysia Marine & Heavy Engineering.

They are the leading exponents of big platform fabrication in Malaysia.

Bids were submitted some months ago, and sources said Sapura — with the support of WorleyParsons — is well positioned for the contract.

Both companies are desperate for a major new contract given their depleted order books and lack of ongoing work in their yards.

Sapura is insulated somewhat by its other divisions — its oil and gas production segment, its transportation and installation subsidiary and its drilling segment.

However, the company's recent market forecast was sombre, saying it remained “cautious on the outlook of recovery in the industry's capital spending”.

Activity levels would remain subdued in the near term and competition would remain intense. Sapura recently agreed with Subsea 7 to discontinue the SapuraAcergy joint venture, which resulted in Sapura becoming the sole owner of the Sapura 3000, a self-propelled dynamically-positioned heavy lift derrick and pipelay combination vessel.

This was viewed positively by Malaysian security analysts, as the vessel would enhance Sapura’s competitiveness in the engineering and construction business.

The vessel has worked in numerous countries, and also carried out landmark workscopes at Malaysia's first two deep-water projects — Kikeh and Gumusut-Kakap.

Abu Dhabi-headquartered Mubadala last September awarded Aker Solutions’ Malaysian subsidiary the front-end engineering and design contract for Pegaga.

Mubadala’s intention is to use the Pegaga field as the central hub for a series of discoveries in Block SK320.

The operator said Pegaga “is among the largest discoveries of recent years in Malaysia”.

Another aspect of the project is a 28-inch, 130-kilometre subsea gas pipeline to a new riser platform at a third-party field, said sources.

Mubadala was appointed the operator of Block SK320 in 2010 when the permit already contained the M5 discovery.

A successful appraisal well was drilled on M5 in 2012, followed in 2013-2014 by three substantial gas discoveries — Pegaga, Sirih and Sintok.

Mubadala is planning to drill two commitment wells in Block SK320 starting in December this year. It is understood the wells will be drilled using the jack-up Ensco 115 ( formerly the Atwood Orca) as part of a four-month extension with rig owner Ensco that Mubadala recently agreed.

Mubadala holds a 55% operating interest in SK320 with Petronas Carigali on 25% and Anglo-Dutch supermajor Shell holding 20%.

http://www.upstreamonline.com/hardcopy/138...a-turnkey-award

Ooo.... looks like what has been reported in Upstream online earlier may not be true after all

Sifus, heard MMHE’s yard is already occupied with Bokor CPP work (awarded last year).

Hence likely Pegaga CPP will go to Sapura? Is it true ?

One should have a longer term view on this stock
Pick up and do not contra
Only then, one can be at peace dealing with this counter

Oil price is climbing up, not crashing down at the moment. Get your ticket, sit back and enjoy your ride. After all, we are buying the once darling of the O&G counter, with huge assets and potential. Relax lah...

Today need to clear large Tuesday high volume first

There must be a strong reason why EPF, KWAP and other funds to further buy SAPNRG
from MM at 1.42-1.49 range.

There must be intrinsic quality and values which attracts them.

EPF could easily cut loss earlier if there is no prospect in Sapura. They have done exactly that to FGV, 2 years ago.

Good consolidation

Re-enter at 87.5

Looks like this is the support level currently

Followed by 81-82 sen

Profit taking..... in my opinion is good for a stable long term uptrend

Investar2862 has correctly predicted the upward price movement of Sapnrg. This is what was mentioned last Saturday (credit to Investar2862):

Posted by Investar2862 > Jan 6, 2018 02:06 PM | Report Abuse

Friday closing price at 0.810 is exactly on the 23.8% Fibonacci retracement level.

Sapnrg short range high on 11 December 2017 is at 0.860. This will be the next resistant level. Once broken, next target level is the 38.2% Fibonacci Retracement at 0.900

Followed by 0.970, Fibonacci Retracement 50.0% level.
Powerful Fibonacci 61.8% level is at 1.04

The highest volume in history......
Higher than yesterday, and last Friday.....
Black candle some more......
Looks like it is going to consolidate first.....
Before continue up???

Any view?

Large price up with super large volume......

Agressive down, agressive up!!!

Good

13 consecutive trading days with price sub 80 sen (66.5-80 sen) with higher than daily average volume during this period. All the resistance created by huge sellers during this period being wiped out one shot in one single day with historical high volume.

Strong indication of a major trend reversal

Looking at MBSB, DRBHCOM and MRCB where EPF is the big longterm player, the existing movement of Sapura Energy is exactly the same.

If you have time, look at the movement of those counters for the past 1-2 years

It emerged that Mubadala Petroleum, an oil company of the United Arab Emirates (UAE), has recently issued tender documents for the engineering, procurement, construction, installation and commissioning (EPCIC) of 'Pegaga' offshore platform project in Malaysia.

Malaysia's two local companies such as Malaysia Marine and Heavy Engineering (MMHE) and Sapura Energy Berhad received the tender documents. In particular, MMHE forms a consortium with TechnipFMC.

The two yards are scheduled to submit their proposals in June this year. After reviewing them, Sapura Energy is expected to select the final contender and conclude a formal deal in January, 2018.

The project aims to build one central processing platform (CPP) for the development of the Pegaga field (water depth of 110m), located in Block SK 320, offshore Sarawak, Malaysia.

Mubadala Petroleum plans to produce natural gas of 500m cubic feet and condensate of 9,500 barrels per day in the field. Accordingly, the company will use the CPP that has a 12,500-ton topsides, 7,000-ton jacket and 3,200 tons of piles.

As for the CPP on which Aker Solutions of Norway completed front end engineering design (FEED) works, the main EPCIC job is targeted for completion in 36 months with the first gas production scheduled towards the end of 2020.

There is a reason why they change name to Sapura Energy

Without any news or catalyst, this counter will stay this way for a long time

Things will get better for conventional oil

Ppl start to realize US shale is not living up to investors expectations
No pisitive cash flow, taking more debt to drill more just to maintain production level
Production rate can drop more than 50-70% just after 6-12 months

Big company such as BHP already anoounce to exit Shale Oil
Oil price will slowly climb up as more and more Shale Oil producers go bust

Notice this counter movement slightly different today

Hope this rebound continue

Good news around the corner?

Sapura Energy vs MHB

http://www.komec.kr/eng/Board.asp?menucode=0503010000&mode=2&no=25425&page=1

IOC and NOC will need to invest to explore new oil and gas reserve to make up for depleting existing ones

Huge capex upcycle (2010-2014), followed by downcycle (2015-2017/2018). Very cyclical in nature

We are probably at the tail end of the downcycle for upstream players. Another 12-18 months is likely to be different than what it is now

If one has a long term view, one would agree that Sapura Energy is a good bet to ride on.
Without major disruptions in oil producing country (i.e war, sanctions), 100 dollar oil may not be feasible. But if it can sustain 70-80 dollars, that is good enough to motivate IOC and NOCs to kickstart their capex spending

When will this happen? 2018/2019 maybe?

The way people sell down this counter as if it is going to bankrupt tomorrow.

Unbelievable

Commercialization of its gas assets is key for this conpany

After B15, 3 new ones coming online in 2019

Another big one will come online in 2022

This co will be major gas supplier by then, aside from Petronas

Buy for long term can sleep well

Buy for short term = heart attack

EPF so stupid ka buy SAPNRG buta2?

Cannot be right? If they sense something fishy and doom, they will
just cut loss and move on. This happened to FGV before

So why EPF keep buying? After buying huge stake from Mokhzani
(1.42-1.48), still buying despite bad Q result announcement

There must be some reason why they keep Investing in SAPNRG
The key is Invest, not punt. Who knows in 3 years time can go back to
RM2.00, ROI is about more than 30% per annum which is not bad

If the bigger gas field JV with Petronas & Shell start producing in 2019,
It is possible. Not to mention potential job win in between

So, lets invest and have a longer term view on SAPNRG.

The current price is already almost equivalent to Sapura Crest during
Subprime Crisis in 2008. This SAPNRG is actually bigger than Sapura Crest
after merger with Kencana.

At this price, it is very2 attractive for long term play

3 new gas field to be developed and ready by 2019/2020

Partners include Petronas and Shell

4-5 times bigger than B15

Can buy or not?

EPF buying...
Director buying....
KWAP selling.....

When the recent q result announced, the price gap up to 1.50 vs previous day closing price of 1.32.

And 9 days later (today), that gap is finally closed. Normally uptrend continues when this happen.

Saw huge buying support came in at 1.30 incating bulls may want to take over control.

Let see how this unfolds.

Finally gap close today. Can expect brighter days ahead?

Tomorrow formally into MSCI Small Cap Index. Got rocket up ka?

Sendai made RM 193 million nett loss in Q4 last year.

If Sendai busuk2 make even RM1 only nett profit for Q4 this year, you can imagine the headline such as “ Sendai recorded 100% Turnaround in nett profit in Q4 2017”.

Just nice for CNY rally play

Turnaround counter. Next quarter if can make RM1 also very good if compare QoQ.

Gogogo Sendai!!

SAPRNRG = SPRING?

Ok lah... not too bad. Not too spectacular either. At least got interim div 1.5 sen.

Maybe Fajar need one big project for major rerating.

GBGAQRS Eps lower than Fajar. But PE can get 20+

Wahh... EPF so confident in Senergy ka? Putting big pension fund money into Senergy.....

Maybe this is a signal to wake up this sleeping giant...

Keep calm and collect more...

Based on earlier news report, the PP by Macquarie may take up to Q1 next year.

The question is, what will happen to the share price then? Depressed until end of Q1?

I think if Eversendai can report good numbers this coming quarter, the price will eventually move up. And hopefully the subscription by Macquarie will happen at faster rate to take advantage of the lower price as it move up. That way, it may complete earlier

Accumulate

Promising start