Many expect sapnrg 2nd q result would be green, as it turned out red. They expect the engineering would contribute positively although we estimate much higher first time cost for jobs execution.

But, one thing we can be certain is very high numbers of the employee is contract based, this directly translate to cost cutting. This is not good for employee, just like myself, but is very positive for the company

Yeah, quite disappointed with sapnrg actually. The only oil gas I had the highest hope but performed the worst as I totally ignored the huge issued shares and the undersubscribed rights, even for their ceo, with the excess of 600 million right shares they had actually dumped into the market.

In corporate point of view , yes shahril with the 3.67% extra shares wont help him much in corporate decision as set still way below pnb. Pnb has the ultimate say in the corporate decision.

But , why pnb still appoint shahril as the ceo, obviously they have no other candidate to take the job as the company is too huge and shahril is part of the major shareholders.

I think, the volume high and low for the past 1 year is not what we assume fund house is accumulating, I guess, most probably the local fund house is still trying to dispose off the undersunscribed 19 % +- rights shares which they were forced to absorbed.

Rhb downgrade sapnrg to 30 cents, as neutral, the only service provider downgraded. Armada, yinson , muhibbah, serba, dialog, mmhe all upgraded to buy.

I will share some lumut fabrication ysrd later as I will be in theornyard for 3 days till Friday.

Sapnrg seems very hard to goreng. Maybe the reality that issued shares are too huge. Too many parties involved.

The only oil gas provider has the closest similarity to sapnrg is serba. But serba is too new in the market, cant really compare. When I look at other oil gas service company, mostly had gone up from the lowest even with velesto which had cash call in 2017. Aramco effect had made crude oil at 60 above, but it would be above 50 usd in the long run as long as american are pushing environmental pressure on fracking. 50 above is comfort price for offshore drilling, therefore I think all current and planned offshore drilling wont cancel jobs like 2015.

External factors seems ok for oil and gas industry, and petronas would ramp up production in 2020 onwards, which possibly create jobs for oil and gas.

Technically, which I am not good at, what I think is very messy and it tell u positive trend at one point and very negative the next point. It doesnt really show buy interest and possibly manipulation. Almost 20% undersunscrobed right shares could still be in the pricesd of dumping and we cant take out those forced to take up the right shares also in the process of dumping.

I think, the selling pressure would persist.

Third quarter 20 will be out on 6th december 2019.

First gas will be drilled in december, revenue from gas sales will only be reflected at fourth quarter 2019 financial year 2019 or at the first quarter 2020 calendar year. Indian afcoms job complete 40% but over cost ran. 2 fabrication works had been postponed by clients. Tad utilisation with 7 rigs in job. E and p still struggle.

https://www.theedgemarkets.com/article/velestos-cash-call-rewarded

Pukinak sapnrg

Post delete post delete, looks like only pussy would do that

Yeah crude is higher now 63.6. And 2.588 lng. But , it seems wont benefit the sapnrg.

Aiseh aiyoyo, told u not to tiao people too often ma, noe lu see, message deleted again.

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Kakakak. Betul betul come 0.285

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Licker, gua if not mistaken I had told in this forum that kencana might be calling for cash in may 2018. That was what rumour circulayed thatbtine. Repeat ? Another right issue ? If they do make another right issue now, how much they can raise with 30 cents share ? Kakakkaakakak

Lu see ah, my experiences, i started as offshore engineer when I was 23 with shell Brunei and then repsol asia Pacific. Then , gua joined technipfmc as contract for 6 months with their crazy pay that time. Then, kencana till sapura kencana. Now is with another company.

All these years, gua start from offshore drilling fresh engineer to chief drilling till epic engineer. Gua deal with all sort of drilling works and fabrication works. Gua never had collaboration with knm.

Kakakakak. True story

Aiseh? Gua no stressed, just not happy with my judgement of sapnrg which gua deemed it wrong now.

The only oil and gas I bought was armada 20k lots averaged at 0.2 since March and sold all at 0.42. Serba dynamic with 1k lots only all sold right before the bonus rumour. Sapnrg still holding 25k lots average 0.193.

Sometime, in stock market is not about earning or losing, is about how you treat your judgement towards a certain company. Stock market, 60% luck, 40 skill, to my perception.

Aiseh , ship name provider, the 2020 possibly being the start of downturn of crude oil. There are many negative reasons behind such as fracking, a process which I dont know as not my field is picking up day by day on America. Although the conventional rigs number are decreasing day by day, the supply still higher than demand.

2. Globally, the growth of crude consumption is very slow, some people expect growth of 100k barrels per year start from 2020.

3. EU is transforming fast from fossil fuel to green energy fast. Why this happen is , human have a much better technology In storing energy when there is no sunlight of wind. We have a gigantic battery and capacitor to combat this green energy weakness previously faced.

4. China is slowing down. In fact, most of our tepid oil are exported to far east loke china and japan as their refinery are designed for low sulphur crude. From statistic since march 2019, the barrels of export is getting lesser month on month basis.

Once aramco listed, there will be no reason for opec to control the production and volume as 1.7 trillion had became a public money.

Sorry cannot cannot. Cant March 0.290. The sell q by the manipulator all gone again with 40k buy and 29k sell now. Pre open 0.295

Mali mali lu q buy 0.295 now , can get matched at 0.29. Pre sell in 20 minutes. Fast fast.

Lu manyak pandai upgrade here and there. Lu better go apply a job as the fund managers in any investment bank with few hundred million in portfolio to upgrade rather than being here.

Secondly , gua really have no ideal who and why some investment bank ever label knm in oil and gas category. Knm is just a bunch if subcon that sapu here and there little bit of any sampah job leftover by big boy. Their contract 3 million 5 million 10 million. Aiseh, all my working life I had never dealt with knm at all and i still dont know what they actually do.

Mali come come selling day. Today 0.285 sell at pre open .pukinak sampah

Sampah . Just sell for those who is impatient.

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0.25 also can ma. Kakaka. I am out of here now.

Kakaka worst than Alam in fact. Today onwards gua think retreat back to 0.26. Their trading pattern. All these trades are too manipulated

Aiseh, true too malaysia all can. Kakakakakaka. Every day still fight within politics, and totally ignored the bad economy sentiment while still keeping opr high at this bad time.

Aiseh dont simply tweak the fact I given. EU had indeed approved to stop most major financing instituition for fossil fuel project.

Kakakaka, very very true. 100 mil profit is nothing but 100 million lost share price drop 30%. Very very agree with this statement.

This is called price manipulation. The overall look of the company is great with their billions of order book,, their full fledged ability to bid for all sort of jobs their internationally presence. But, all this could not beat their right issue story.

Maybe until now, the almost 20 % undersunacribed right issue still struggled tone disposed into the market and thus sapnrg still among the most lagging oil gas.

Bear in mind, From 2021 most banks in EU will stop financing fossil fuel activities. This definitely will hinder the growth of oil and gas.

Aiseh, aiyoyo, lu call warrant ala ong ?

That someone had been here promoting his digital whatever fibreliasation many times .

KFC? Talk cocckkk la. Tulang also dont have, instead lu give shahril chicken asssh ala

Aiseh? Down again. Back to support 0.26? Manyak manyak hard to predict even after record volume for 3 days.

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Normally cimb once buy call, it will be magic. But, if anyone here with armada before when armada was 0.2, cimb big sell call with right issue threat, but armada climbing non.stop.

First time I saw hong leong buy call sapnrg. But dont expect magic

*19-Nov-19*
*Technical Tracker - HLIB Retail Research*
*Trading Buy: SAPNRG - 5218*
*Sideways consolidation breakout*
*(Last price: RM0.300, Potential upside +25.0%)*

*Company Profile*
• Sapura Energy Berhad is a leading global integrated O&G services and solutions provider operating across the entire upstream value chain, covering exploration, development, production, rejuvenation, as well as decommissioning and abandonment stages of the value chain, with global presence in over 20 countries

*Trading Catalyst*
• We noticed decent news flow in the O&G segments and Bursa Energy index has marked a fresh 52W high yesterday 1,239.27 pts. Hence, we are picking some laggards within the O&G stocks.
• SAPNRG has narrowed its core net losses RM316.3m in 1H20 vs. core net loss of RM383.2m in 1H19 amid better performance in drilling and E&C (higher revenue) segments.
• In addition, its orderbook stood at RM16.3bn (RM4.2bn and RM5.3bn will be recognised in FY20-21) could bode well for earnings moving forward.

*Technical View*
• Resistance: RM0.330 / RM0.345 / RM0.375
• Support: RM0.295 / RM0.285
• Cut loss: RM0.275

*Source*: Bloomberg, HLIB
*DISCLAIMER:* https://www.hlebroking.com/v3/disclaimer.aspx

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Aiseh spinner, dont scold me shit ma. Gua is your supporter now. Lu tell me, sapnrg lu next week guess closing price. Friday?

Anywhere, crude at 63.7 and lng 2.68

Aiyoyo, tomorrow gua bet 100 bn win. Oui, gua bet bn win doesn't mean gua support those crook , but gua want to let those putrakaya olang cacat know they are useless . Puke

Aiyoyo, who is gonna win tanjung pial?

Spinner, this time lu really predict absolutely correct. 3.5 million lots done. I love volume. At the same time, this is the hardest counter to predict if based on technical chart. The chart basic from last Friday till today is very good , but overall ma 200 and ma 50 is a mess.

Spinner, are lu good in chart ?