Sapura Energy has 6 production sharing contracts. SK 310 n SK408 are producing gas as feed stock to the bintulu LNG plant. The rest are in Brazil, New Zealand n Sabah. The higher the oil price the better for Sapura. Also the longer wait for this restructuring deal, the oil well will produce bigger volume of gas as production increase over time. Shall Sapura decided to sell this upstream asset, it will be able to fetch higher value now.

Armada 71, Mhb 67.5, Uzma 69, rotating to go higher n higher, what it implies on Sapura Energy ??

28/4/2023 important date for Sapura energy, it will explode ... Brighter day ahead for 5218, other oil n gas stocks hv perform well, Uzma, mhb, armada, icon, velesto, dayang ...

Sapura already such high paid up capital, 16 B, a 2 for 1 right already killing.
A capital reduction of 10 to 1 , already push sapura capital fr 16B to 1.6 B. How to make it happen to 20 to 1? Bringing the paid up capital to only 800 million. A big co like Sapura shld not be so small paid up capital. Look at Armada, what is it's paid up capital?

Have anyone heard or subscribe before a right issue wth ratio of 18 to 1, meaning u hv one lot ( 1000 shares), u are given right to subscribe 18 lot of shares, so much entitlement??? How to justify??? Not logical at all. I remembered those day when Mcement call for right , the ratio was very high, but less than 10, a ratio of 10 to 1 already mind boggling. How about 18 to 1...

When DS Anwar debating with DS Najib, Sapura was doing 12.5 cent, now they are in the same unity gov, they shld work hand in hand to restore the glory n tackle whatever challenges faced by this local oil n gas icon in a booming upstream oil n gas industry.
3 cent is the price for Sapura if the chance of closing down is high n unavoidable. But today, no one is thinking it can go under. Yet many are worried of the regularisation plan that can hit the shareholders.
Why shld we be worried? the industry is recovering, job prospect is good.
The big boy is waiting for a right timing to lift this stock to high level, and the sentiment of local stock market will show bullish scenario. The PMX said Chinese oil n gas co is keen to make our country their regional HQ. Let's wait n see .

The bulk of loan that Sapura accumulated are from the purchase of drilling assets fr the Dane Frederiksen ( Seadrill ), eventhough they are of older drilling assets, but the current market, Borr Drilling Limited is trading at 52 weeks high. Just imagine, the potential of these assets that can help to generate revenue n profits for Sapura. 11 of this assets are currently hv job, 5 on long term contract.
As Sapura is negotiating with the creditors and contractors n suppliers, they HV to show the potential of their business, but has to show net negative asset in order to strike a good deal for the shareholders and survive. The share price can not show aggressiveness as talk is in progress. Just be patient and wait for the day for Sapura to shine again. The upstream asset is the key asset that many are eyeing. In this higher oil price moment , v attractive for the buyer. Sapura may change mind to keep, it is the previous CEO's baby, don't simply sell....

When more n more people surface to talk negatively about Sapura Energy, and the price is stagnant, meaning some one is buying big time in the past few days. Only small numbers of traders taking position to trade on the financial result. The big timer are taking opportunity to accumulate this shares. They depress the share price fr 4.5 cent to 3.5 cent. Knowing very well the share price already at bottom. The current upcycle of oil n gas business where upstream activity is robust, paving well for Sapura energy who has 11 drilling asset to deploy and are fully chartered. Outlook is bright for the next 2 yrs. The bankers taking hair cut, suppliers n contractors will be paid in staggered. Consolidate the paid up capital, issue new bonds. And shareholders will have new lease of life. Tmrw will be a big day, hope for the best !

It is getting clear n final, the management decided to dispose it's upstream arm SapuraOMV, it's most valuable asset. The current scenario where oil price is high compare to 2019, is good strategy to dispose to pare debt. Even Austria OMV has the same thought. Pttep n others will be willing to buy over this oil wells. This 50% stake of sapuraOMV shld fetch significantly higher price compared to 2019 ( 3.8 B ).

Final washing at 4 cent before flying, 31/3/2023 another important factor , waiting for good news

The recent oil n gas stock weakness also paving for a settlement of terms n conditions for Sapura Energy with it's creditors. 2019, Sapura sold it's 50% upstream business to OMV for 3.8 Billion, how come now the other 50% only worth 2.25 Billion ??? And the consolidation of 20 to 1 , how do they derive this ratio ?? Rumour only ?? To induce weak holders to dispose? Scenario Of 2019 and now 2023 for oil n gas industry is very different already.

More and more people come to talk bad about Sapura energy. Helping the shark to collect as much as possible at 4.5 cent. The shark has clean the sellers at 5 cent, few rounds. Now they push down to 4.5 cent to buy as much as possible. Timing, timing , good things n big positive outcome are coming. Timing Timing Timing.

Will be laughing stocks to the world that a local oil n gas co, sapura to let it go under. This oil n gas eco system will be spoilt. It takes long time for Malaysia to build a sizeable oil n gas co, since Renong time. Petronas is stronger wth record profits last year. They also need player like sapura. They will help as seen before, by offering faster payment, guarantee to ease sapura cash flow. Oil majors are boosting exploration projects after securing good profits last year. Outlook is definitely bright for oil n gas co.

Sapura share consolidation ratio of 10 to 1 is more probable , as the paid up capital will be shrinked fr 16 billion to 1.6 billion. Similar to MHB paid up capital. Seller at 4.5 cent to 5 cent already dried up. Just the work of shark trying to confuse n make life difficult for investor.
The unity gov need to win the support of rakyat by saving the sapura energy. Moreover Petronas is doing well, UMNO is backing the unity gov. Many bumi contractors will be saved.

PNB own 50+ % Velesto
PNB own 40+ % Sapura Energy
Velesto fr 7 cent to 21 cent
Sapura Energy fr 3 cent to 4.5 cent ???

Sapura energy is the only oil n gas co that has oil wells, they are directly involved in the production of natural gas. They sold 50% stake in Sapura Upstream in 2019 for 3.8 B To Austria oil co. Still holding 50% in SapuraOMV. Latest news, Austrian OMV is looking to divest their 50% in SapuraOMV. Sapura stake shld hv fetched higher value now, as many co are exploring n monetizing their gas assets worldwide. Some may be eyeing Sapura gas assets here. Or Sapura can sell off their yards to MHB, who has proven to be a stronger player in heavy engineering now. Sapura shld not be value at such price of 5 cent. What do u think?

Sharks lured buyers in at 0.055 when the news of white knight surfaced. Actually shark was unloading at 0.05. Today T3 for settlement , so they push down to 0.045, to buy back. When they withdraw n sell at 0.045, many follow to cut lost at 0.045.

Back to 10 cent

5 cent Sapura Energy sellers dried up, time to move higher

Good value emerging as assets could fetch better prices

Time to buy, tmrw gap up?

Mhb n Sapura energy suffered losses due to supply chain delay, shortage and extra cost of SOPs due to covid 19 pandemic. The quarantine cost n delay in hand over n deliveries of projects causes the loss. Higher shipping cost n material cost also impacted the bottom line. Mhb is negotiating with suppliers n subcons to mitigate this cost. Big boys are taking opportunity to whack down the share price to buy cheaper. Activities in oil n gas are gaining momentum.

Each time mhb reported quarterly result, the big boy will hammer down, this time the magnitude is bigger. The reason is very obvious. Result of oil n gas stocks are already anticipated by the many. It should be a non event. As share price of Mhb already dropping before result is out. Share price is highly manipulated by the big boys. When so many negative comments here, the potential of mhb will be bright. Still need a bit of time before mhb shows convincing price escalation. Many interest on MHB lately. Future looks good. Oil n gas is on recovery phase, more activities but needs more time to produce results.

Last year, covid 19 caused mhb to experience rm100 million operational loss n impairment of rm300 million in the 2 quarter. The cost over run loss due to pandemic already captured. Tgis year 2021, should expect a better result moving forward, heavy engineering sector should post profit as well as the marine sector. Both should generate higher revenue n produce positive result in the 1st quarter of 2021. A turnaround without doubt for 2021 moving forward.

Fundamental improve a lot after Jerun contract win, dry dock 3 start to contribute to bottom line, future looks good

Typical Mhb style of play, always against investor expectations.

1st quarter result releasing soon, expect the hike of price after a positive result

Looks like pressing down to buy back

Mhb announcing result soon, bad result again?

DD3 start to operate, generating income for MHB

This yr 2017 can produce profitable results? Or still loss? Marine business revenue can hit rm200 million already, last yr generate rm86 million profit before tax

Interest is back on MHB, some serious accumulation observed!!

Rowie, i like yr comment. More like an election play !!!

Sembawang Corp Marine Singapore up 7% at S1.905, PE 50, price to book 1.45 times. MHB price to book only 0.6 times, cash rich, marine business stronger, no bad debt. Why is this happening? Time to buy MHB

SembCorp marine trade at 1.4 times book value, the other oil rig service providers in Singapore trade at average 0.8 time book value. MHB only trade at 0.688 time book value (at rm1.15). if MHB were to trade at 1.4 times book value, it should fetch rm2.338. Or if it were to trade at 0.8 time, it should be trading at rm1.36. Bear in mind Semb corp marine has its biggest customer file for bankruptcy last week, it has file legal proceeding against its biggest customer. Whereas MHB has no problem in its collection. Cash balance has been steadily going up. the business also cushion by the marine segment. why should it trade at such a low valuation. Is it because it is illiquid, thus making the stock price behave like it is now, being manipulated by people. the big boy very scared the stock price move up, thus hit it down to confuse retailers.

Marine revenue rm120 M, profit rm 15 M. Last year whole year marine business revenue rm468 M, profit rm77 M. Marine business is contributing signficant profit to MHB. This year the revenue is going to increase further to rm 600M +, so the marine segment may chalk up a profit of rm100M. this is stable profit and increasing. Every ship will need to dry docking after 2.5 yrs of service. The marine business is expanding so as the profit. bright future for MHB. Any recovery in offshore business is a plus point for MHB.
With oil price going up, no wonder MHB holding so well. See u at rm2.00

crawling up , barely 3 cent up per day, sign of prolong accumulation

if declare dividend with good profit announced, it will fly sky high. Thks Lock !

see you at rm 1.20 later

mhb is doing well, cash balance is increasing, yard fully booked, expectation of securing more projects fr Rapid is bright !!! Dream will become reality

this is just a beginning, on the way to rm2.00

skpetro fr rm4.5 to rm2.15, mhb fr rm8.8 to rm1.03, which one is better?

Thank You Jetli for yr sharing. 25% of Mhb business is ship repair, maintenance, upgrade and modification. This business is doing very well as the tanker rate is very good.A lot of ships are sending in for various maintenance and repair job in MHb yard. Mhb has been chalking up less profit over the last 2 years, It is still a profit making co, since the day it listed in 2011. Unlike other oil n gas counter which has slipped into red.
Moreover it is a net cash co, the balance sheet is strong, may be they will be aquiring other oil n gas co. Nta has been improving. but almost all the analyst hv negative call on this counter. Funny right???The reason I hope u know best! I am a follower and trader on this counter since it got listed in 2011. Looking at the speed they pushed up fr rm 5 to rm 8, you can imagine how illiquid this stock is, so if the outlook improving, and after they hv collected enough, the speed it goes up would be fast too!

Jetli pls share what Focus Malaysia said, thks

tmrw skpetro will move up again, sharks are buying, those who are taking profit hv to think that the oil price has garner momentum, sentiment has changed, even skpetro has move quite a lot, the trend is still going up. go long and sit tight.

sign of collecting, will move up gradually

mhb is a good test on yr patience. Having pushing way below of its value, the sharks are collecting slowly and steady. this stock is under their control. they always try to kill traders who think it is low, wanting to pocket some quick money. the sharks will sell it down so you hv to exit as a loser. but if you hv the stamina, this stock can double in a year time. it may go up until you could not believe it !!!

price has dropped too much. the proposed par value reduction n ESOS plan are forcing msport to trade below 10cent temporary

keep and add

congratulations for the buyers at 8.5 cent !!!