McDermott had passed their glory. if compare with McDermott, sapnrg portfolios a lot more interesting. comparing both, besides both are active fabricator, transporter and installer with maintenance portfolios, sapura win with their gas drilling production division. McDermott only charter out their rigs, they dont operate nor own the field while sapura was operator as well of course not field owner.

lastly , in fact the most interesting oil and gas companies in Malaysia is sapura. but, with their performance and share price, I think nobody would be happy.

I know charter rate is killing their cost once they bought seadrill. in fact, when Exxon and shell beginning to sell their offshore assets in Malaysia, these American company had foresee a drastic drop in offshore drilling due to shale drilling in America. now, after 10 years of active shale drilling, American realised the cost is too high and not environmentally friendly. petronas cost is about 38 usd per barrel, share drilling is about 46 usd provided 50% vertical and 50% horizontal drilling.

sapnrg only drawback is expanding too fast and mokhzani sudden withdrawal from kencana. with the Malaysian historic highest capital raising right issue, it fell from peak rm 4 to 0.250 lowest. oil business will not die for the next many years but undeniable will be slowing down and less lucrative. as long as shahril will continue secure jobs from local and overseas, I think sapnrg will continue listed in Malaysia before they going bust. we should not forget sapnrg nowadays is standing side by side with global top fabricator and service provider such as McDermott, technip.

dialog is lucky when Najib approved pengerang. armada is a good and well managed company with good portfolios just unlucky. Serbia dynamic and yinson are jokes. do u guys know, during kencana peak times, yinson is their sub cons by chartering the remote operated trailer? and the worst part is, they chartered from keppel , imagine the cost. from lorry company became oil and gas giant, all these happened when Mr M was still advisor in petronas with high influence.

honest speaking, we cant blame shahril for all the bad things in sapura. he did intend to make sapura a real and competent global offshore service provider by acquiring seadrill. we have too many offshore service provider but all are too small and localised. petronas is the one to be blamed as they were reluctant to provide more jobs to local company

their tender assisted drilling rig is doing well. if my inside news is accurate, this year they would have 8 chartered with 2 units would be owned and operated by sapnrg which of course is higher rate.

lastly, their gas drilling division is very secretive , nobody know their operation and cost.

if the company is well managed, 8 billion is easy. in fact, the margin of engineering and construction of rig and topside is very high.

but, the best part is, sapura learned, during their peak period, 90% utilisation of fabrication in limit have almost 5k workers in 2014 to 2016. since this year early, they managed to have 70% fabrication yard utilisation with only 2k workers, which is good.

they used to hire a lot of thai welders and went through sub cons which involved many bureaucracy and cost, this year, they hire mostly local Malaysian.

at least, we know the cost cutting measure is there this year.

aiseh gua did mentioned yinson yesterday with 5 billion usd job.

aiseh i3lurker, why want sell so rush? I thought lu said lu long term investor?

anyone make a WhatsApp group la

morning i3lurker, your statement manyak hard to understand , so, is actually buy or sell?

morning guys. another boring days with sapnrg I think.

wow waseong really shoot up. I lost monitoring this long time. congratulation for those having waseong.

the chapalang yinson who has less than 5 years experiences in oil and gas secured 5 billion usd jobs in Brazil. the power of Mahathir son

someone even suggest consolidation of shres.

kakaakakak. rm 1.60 to 0.26 indeed is nightmare.

aiseh , gus like despicable word. gua should call this despicable sampah sapnrg from today

today 0.265 u able to sell , tomorrow 0.26, who knows.

just sell ma. let me be the Guinea pig to hold the stocks on u all behalf, when it cone to 0.1, gus will tell lu all. just sell this sampah sapnrg, go buy armada now.

if one really want to dispose, he wont that smart by placing a huge list there in q to sell. someone is buying. much of the buy and sell by same fella. probably some small mutual fund house which maybe can afford 1 to 2 %holding

aiseh, trust me la, the volume is fake one.

Mr spinnerlotus, today how to play? gua ala ready cash to buy 100 small lots. waiting for lu call.

aiseh , sapura energy also ala do IT? doing the sea cable laying? aiseh, this job too easy no need engineering background, no need depth and seabed formation measure and under sea welding and pressure test, just dump the cable. ini macam job , icon offshore and scomi can do.

listen listen listen, lu must be as smart a the dragon slayer, smart smart gamble sapnrg. oui Mr drgonslayer, what is your entry price for sapnrg ? lu tell us we follow ma.

to many people here, just sell lu punya sapnrg la, dont give your smart comments here and there, there are many smart advisor behind shahril and many other big portfolio guys fooling the shares. this is billion company, not the million.

sell.

aiseh bro, consolidation will be worst. rm 1 after consolidate ? they wi take 10 shares with agree price at 0.1 to make 1 share, lu sapnrg only cost 10 cents per share, this just assuming.

consolidate kill.

the highest paid ? bro, the shahril was the co founder, lu thought he was the chapalang Leon CEO in armada ? his father sapcrest was injected into kencana before becoming 16 billion shares today. kakaakak

wait for spinner comment later. let's see is buy or sell tomorrow and lets see how much he earned from idss today

the armada sold the perdana speedboat at 40 mil usd, they bought and refurbish at cost of almost 400 million myr

aiseh, spinner, lu actually, very powderful. once u come out, later the sampah king sapnrg will be 0.260.

aiseh, many oil gas small bilis counter went up a lot actually, penergy incredible too. umwog at least is above the right issue price now. forget those like Icon which only have few sampan for chartered.

if can go to 62 cents, and If gua still hold this pussy sapura, gua will hang shahril picture in my office wall and also my room instead of my boring marriage picture.

sorry all taikos, I know this pussy place if for sapura energy, buy gua just want to loud armada here. long live armada. you armada is God and own the kingdom.

pukimak sapura energy

Iran tanker on fire. terrorist suspected party there. crude oil over 60 now. pukimak sapnrg .

diu la , dont be so sentimental ma, gua joke and only tiao pukimak sapnrg. lu people everydaybsay how u but and sell at certain price, sounds like lu is the sapnrg price controller. aiseh, be cool la , talk something useful in terms of fundamental ma. everyday tiao the spinner lotus also no use as who would believe in him ? maybe he is the amada dude that always complain the idss previously.

calm down, gua earn or lost also gua wont blown tanker how gua short selling, cause gua cant and no short selling.

this i3lurker and spinnerlouts are both with some hallucination problem with their imagination of being fund manager with millions of cash in stock market. but , sorry no hard feeling, they way lu 2 talk is joke. with tour few thousand small lots, or maybe just few hundred small lots u think u can manipulate the market with your idss imagination. kakaakakak. get a live bro.

why u think u deserved this much to be followed ? just curious ma, so ask. u are the stock God? but, bro, or maybe sister, is only 0.05 profit, enough to cover the fees ? u buy sell at 0m265 with how many lots ? 100 small ? kakakak

Aiseh, nothing much we can do, either u cut lost or u hold with potential break below 0.255.

Technically, the chart is pointing to super bear.

On Friday closing, morenrhan 95% trade done on 0.265, but closing at 0.26 with only 18k lots done there.

It is getting very hard to guess the motive now, bear in mind, there are 40 % atleast free float. Anyone with this thought ?

Oui guys , just want to ask, the previous 3.8 % shares held though sapura tech, it had been sold to open market right , or still under selling process ?

Waiting to see how bad it can be since no more money to average .

Aiseh, gua pukimak loss till cannot log into the hong leong e broking. Too red, system overheat

The old man should really pass the baton to the new.person. he overstay his welcome. With the new.leader with new policy perhaps, it will stimulate the economy.

The fuccjed up finance minister and the bank governor should be replaced immediately. Don't need till budget to announce your sampah budget. Hire someone with proper education and knowledge to run finance ministry job, not those ah seng ah Seng who won election cause of rakyat vote

Morning all taikos. Aiseh, let's just admit defeat. Seems like someone or some house really desperately selling off the shares instead of manipulation.

Kakaakaka. Better than expected. Tomorrow 0.255?

Pnb is shahril buddy . If they vote to make shahril down as ceo, that would be different story

Okok gua give lu A for maths. But, make sure sapnrg sampah up little bit. No up, 1900 also no use

Gua always bought wrong price.

APANAMA , lu maths or add maths failed. Kakkakakakak

Aiseh, gua bought 0.275 as average Tuesday before closing. Nice judgement bought at 0.265 CASHFLOW