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10 comment(s). Last comment by calvintaneng 2019-09-22 16:39

calvintaneng

51,285 posts

Posted by calvintaneng > 2019-09-22 10:07 | Report Abuse

Why scomies drilling oil was chosen by the Kuwait oil company?

These are the reasons:

1. Scomies special drilling oil is made from palm kernel oil. A technology developed by Scomi jv with German company.

2. Palm based scomi drilling oil is 100% biodegradable unlike other chemical oil. So it is an environmental friendly green tech bio-oil that can be discharged into oceans or seas safely

3. As Malaysia is the 2nd largest producer of palm oil.... The availability of cheap ingredients for Scomi drilling oil manufacture is cheap and in abundance

4. Scomi succeeded in this discovery because of 2 factors:

i) Malaysia already into Oil & Gas industry due to Petronas. So the development of drilling oil is an outgrowth in finding alternate type of drilling oil

And with German help Scomies created the only palm based biodegradable specialty drilling oil or drilling "mud" as they called it. See https://www.thestar.com.my/business/business-news/2003/06/06/scomi-bullish-about-new-drilling-fluid

2. Countries like Japan or USA or even Saudi don't have palm based drilling oil because they don't have too many palm oil trees there

Just like they don't have rubber gloves because only Malaysia got rubber trees and fresh latex. Fresh latex was what made Malaysia into a World Top Number One Champion of Rubber Gloves

Now Scomi has already captured more than 10% of the world's drilling oil business and is still growing.

With the focus on green tech more and more countries will switch to the superior lower cost of palm kernel oil based drilling oil of Scomies.

Scomies bought over the Drilling oil business from Scomi for over RM1 Billions. That was the best buy Scomies made.

As today is THE LORD's DAY

Do visit www.chick.com

fl888

6,992 posts

Posted by fl888 > 2019-09-22 14:13 | Report Abuse

From 7.5 to 11.5 has given operators 50% profit in just two days......and making big losses in the last qtrsr...so must be careful as Saudi once conquer Kuwait .

Michael Kwok

5,677 posts

Posted by Michael Kwok > 2019-09-22 14:24 | Report Abuse

I no doubt bout Calvin.Never underestimate people who have over 10 years of experience in investments(make sure good track record).

calvintaneng

51,285 posts

Posted by calvintaneng > 2019-09-22 14:35 | Report Abuse

Posted by Michael Kwok > Sep 22, 2019 2:24 PM | Report Abuse

I no doubt bout Calvin.Never underestimate people who have over 10 years of experience in investments(make sure good track record).

THANK YOU

I HOPE EVERYONE BUY GOOD VALUE SHARES AND MAKE MONEY

calvintaneng

51,285 posts

Posted by calvintaneng > 2019-09-22 14:38 | Report Abuse

Posted by fl888 > Sep 22, 2019 2:13 PM | Report Abuse

From 7.5 to 11.5 has given operators 50% profit in just two days......and making big losses in the last qtrsr...so must be careful as Saudi once conquer Kuwait .


Calvin replies:

1st. It was Saddam Hussein who invaded Kuwait and not Saudi.

Scomies has Rm610 Millions contracts with Kuwait Oil Corp

Since USA liberated Kuwait by Operation Desert Storm The Americans have a vested interest in Kuwait to recover their expenses

No one will dare to invade Kuwait again

To be continued...

calvintaneng

51,285 posts

Posted by calvintaneng > 2019-09-22 14:44 |

Post removed.Why?

calvintaneng

51,285 posts

Posted by calvintaneng > 2019-09-22 14:59 | Report Abuse

Posted by fl888 > Sep 22, 2019 2:13 PM | Report Abuse

From 7.5 to 11.5 has given operators 50% profit in just two days......and making big losses in the last qtrsr...so must be careful


NO LOSS LAST QUARTER IF YOU TAKE OUT RM72 MILLIONS FROM IMPAIR LOSS

THERE IS AN ACTUAL SURPRISE RM12 MILLIONS FROM OPERATING PROFIT

AND WITH THE NEWLY SECURED RM610 MILLIONS DRILLING FLUID SUPPLY JOB TO KUWAIT THE PROSPECTS ARE GETTING BRIGHTER

JUST LIKE CARIMIN, PENERGY & DAYANG TURNED AROUND DUE TO OGSE JOBS FROM PETRONAS -- SCOMIES ALSO TURNING AROUND

1) IMPAIRMENTS OVER

2) SECURED RM610 MILLIONS FRESH JOBS THIS YEAR

3) EVEN PETRONAS THROUGH PET CHEMICAL HAS GONE INTO JV WITH SCOMIES
See https://www.thestar.com.my/business/business-news/2019/06/26/petchem-signs-two-deals-with-scomi-energy

Pet Chem signed 2 Deals with Scomies

Scomi Energy Services Bhd CEO Hilmy Zaini Zainal (second from left) exchanging the agreements with Petronas Chemicals Marketing (Labuan) Ltd CEO Shamsairi Ibrahim after the signing ceremony. Looking on are Scomi Energy business unit manager Shyawalludien Mahmad and Petronas Chemicals Marketing head of isononanol & specialty products Wong Koh Choo.

PETALING JAYA: PETRONAS CHEMICALS GROUP BHD has partnered with SCOMI ENERGY SERVICES BHD to jointly develop and market chemical solutions.

In a statement issued yesterday, Petronas Chemicals announced that its wholly-owned subsidiary, Petronas Chemicals Marketing (Labuan) Ltd (PCML) has inked two agreements with Scomi Energy’s wholly-owned subsidiary, Scomi Oiltools Sdn Bhd.

The first agreement was to formalise the ongoing research and development of chemical solutions mainly targeted for the oil and gas industry, which has commenced since 2016.

Meanwhile, the second agreement was for the commercialisation of a high performance water-based mud additive – the first product developed under the collaboration.

The additive is designed to improve shale inhibition in offshore and on-shore drilling activities.

According to Petronas Chemicals managing director and chief executive officer (CEO) Datuk Sazali Hamzah, the partnership is advantageous for both companies as it enables the creation of innovative and sustainable solutions for their customers.

“At Petronas Chemicals, the desired outcome of our product innovation is to create products for the marketplace that address the needs of our customers. This approach ensures our relevance in the industry and our role as a market leader,” stated Sazali.

Scomi Energy CEO Hilmy Zaini Zainal said that more newly efficient and commercially viable products could be developed to enhance drilling and exploration processes, via the firm’s collaboration with Petronas Chemicals.

“Our focus now is to promote the high performance water-based mud additive in both domestic and global markets,” he said.

calvintaneng

51,285 posts

Posted by calvintaneng > 2019-09-22 15:14 | Report Abuse

And when to sell?

THIS IS THE MOST IMPORTANT QUESTION

In Uzma Calvin saw Director buying 169,000 shares of Uzma worth 59.5 sen or Rm100.5K

See
https://klse.i3investor.com/insider/director/7250/09-Aug-2019/142276_1587188219.jsp

NOW UZMA ALREADY 91.5 SEN OR UP 57% AND YET THERE IS NO BURSA FILING THAT HE SOLD ANY. SO CALVIN WAITS WITH HIM TO SEE UZMA REACH RM1.00


AND NOW SCOMIES CEO (CHIEF EXECUTIVE OFFER) BOUGHT 1.8 MILLIONS SCOMIES AT 10.5 SEN FROM THE OPEN MARKET (About RM189K - even more than Uzma director bought Uzma Rm100.5k)

See
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6138909

On April 4th 2019 after he bought Scomies reached a high of 14 sen
See https://klse.i3investor.com/servlets/stk/chart/7045.jsp

LOOK AT CHART OF SCOMIES VERY VERY CAREFULLY AND YOU WILL SEE INTRADAY HIGH FOR SCOMIES ON APRIL 4TH WAS 14 SEN


SO CALVIN EXPECTS SCOMIES TO REACH RECENT HIGH OF SCOMIES AT 14 SEN AND ALSO TO CROSS IT CONVINCINGLY!!!

SO DON'T SELL THIS HIDDEN GEM OF SCOMI ENERGY

SCOMIES IS A RARE GEM THAT MIGHT YIELD 2 BAGGARS, 3 BAGGARS OR EVEN UP TO 10 BAGGARS LATER

10 BAGGARS STOCKS ARE SIFU PETER LYNCH' GREAT FAVOURITE

MAYBE SCOMIES QUALIFY AS ONE?

WE SHALL SEE MORE IN UPCOMING POSTS

"SUSTAIN YOUR PATIENCE GREAT MOVEMENTS TAKE TIME TO DEVELOP"

fangyew

129 posts

Posted by fangyew > 2019-09-22 15:27 | Report Abuse

Thank you Calvin

calvintaneng

51,285 posts

Posted by calvintaneng > 2019-09-22 16:39 | Report Abuse

Thank you fangyew

How are your people over there in Rhb Investment Bank of Tmn Sutera Utama. Did they managed to buy Uzma at 62 sen?

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