Posted by Hong2 > 2012-10-29 13:15 | Report Abuse

If its rest one or two days, then it's will pick up...:)

Posted by usry > 2012-10-29 15:44 | Report Abuse

Yes... it come down finally... how ever will wait for clear signal..

Posted by bursabulltrader > 2012-10-29 17:09 | Report Abuse

Guys... I exited before market end @ 1.02... signal is not encouraging... will wait at 0.98 level...

Posted by usry > 2012-10-29 21:12 | Report Abuse

i also follow u bro bursabulltrader.. will wait it down to 0.98 or below..

Posted by bursabulltrader > 2012-10-29 21:25 | Report Abuse

I can buy again at low, but will observe if there is any trend reversal by next week. if no, I still will exit...

Posted by reyes430 > 2012-10-30 00:49 | Report Abuse

Dear bursabulltrader,

Would you mind to point out why this counter is so encouraging on buying in term of fundamental. What is its future outlook? I understand the business of this counter but i don't know how to rate whether its potentially good in prospect. Is it simply because O&G industry is rated as outperform now or the counter will going to get any contract? Thanks in advance for your time to clarify on my doubts if you don't mind.

Posted by excelyou > 2012-10-30 15:04 | Report Abuse

Increasing energy demand continues to keep oil prices elevated, prompting Petronas to develop fields that might
have been considered economically unfavourable just a few years ago. To expand Malaysia’s hydrocarbon resource base, Petronas has budgeted RM300bn over the next five years, translating into an annual capex of RM60bn, a new high.

Marginal field development is one of the ETP initiatives that have been put in place to unlock the numerous reservoirs in the Malay basin and arrest the country’s production decline. The development is expected to keep the ball rolling for the sector,
which contributed a substantial 36% to the government’s revenue in 2011.

Posted by bursabulltrader > 2012-10-30 15:16 | Report Abuse

reyes430, Sorry I was blind with your question, I'm not FA guy.. :-D

I think excelyou already provide some fundamental info above... :-)

Our local O&G need to find new field and keep digging? cos we will short of oil by 2020 as claim by last year minister?

Posted by excelyou > 2012-10-30 15:29 | Report Abuse

A high oil price backs Petronas’s various initiatives and gives it and other producers more confidence to open their wallets. Billions of dollars are being committed to new projects as the national oil company aims to exploit new reserves and strives to get the most from mature and marginal field assets. The
development of marginal fields augurs well for the upstream players whose role has been somewhat limited to that of service providers in the past. This initiative, coupled with the implementation of a new tax scheme, could help Malaysia produce more E&P companies and put the country on the map when it
comes to marginal field capability.

With more than 20 fields available for development, there is much more work to come. A strong partnership and ownership of critical assets allow efficient and timely execution of projects. For local service providers that are going beyond
their normal scopes of work, finding the right partner for technical and commercial fit is the real challenge as marginal field development is a relatively new area for them. If the marginal field development is executed successfully, Malaysian upstream oil & gas companies can become globally competitive.

Posted by reyes430 > 2012-10-30 17:47 | Report Abuse

Thanks for the enlighten excelyou & bursabulltrader. Really informative. Now i have better understanding on O&G sector than before. Appreciated a lot guys!

Posted by littleshark > 2012-10-30 18:18 | Report Abuse

O&G sector become a happening&booming industry now

Posted by excelyou > 2012-10-31 00:01 | Report Abuse

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today announced that Petronas Carigali Sdn Bhd and Lundin Oil have jointly
discovered additional oil reserves, under a production sharing contract, (PSC) at Block PM 307 of the Bertam oilfield.

He said the oil field, located 160 kilometres offshore Peninsular Malaysia, is opposite the state of Pahang at the depth of 76 metres.

PM 307 PSC is operated by Lundin Malaysia which holds a 75 per cent interest and Petronas holds the remaining equity.

"This is very significant because we never discovered oil in commercial quantity at Penyu Basin and this is a major breakthrough.

"Based on the findings of commercial and technical feasibility studies, crude oil production will begin at the oil field in the third quarter of 2014 with a projected output of between 17,500 and 20,000 barrels per day," Najib told reporters after chairing the Biotechnology Implementation Council meeting here today.

The Prime Minister said with the additional discovery, the Bertam oilfield is estimated to have oil reserves of 64 million barrels.

O&G companies could see some activities.

Posted by cmlooi > 2012-10-31 06:57 | Report Abuse

A high oil price is likely to increase travelling costs. Airlines suffer, etc etc .... everything becomes expensive and finally recession if left unchecked.

Posted by maninder1972 > 2012-10-31 09:23 | Report Abuse

Time to dive in. Closing today at 1.05-1.06. demand is good and good announcement soon.....

Posted by maninder1972 > 2012-10-31 09:25 | Report Abuse

Dont be too late coz TP is 1.26 to 1.30.... Not for traders but investors

Posted by reyes430 > 2012-10-31 09:26 | Report Abuse

how u know good announcement coming? please advice mr.maninder? Thanks!

Posted by reyes430 > 2012-10-31 09:37 | Report Abuse

when is the quarter report come out?

Posted by maninder1972 > 2012-10-31 10:23 | Report Abuse

Hahaha is 1.03 now and will reach 1.06 dive in or else miss the boat

Posted by maninder1972 > 2012-10-31 10:25 | Report Abuse

TP still above 1.25. good financial report to be out soon.

Posted by maninder1972 > 2012-10-31 10:32 | Report Abuse

Buying rate above 70% and volume doubling up... Hoohoooo

Posted by brave82 > 2012-10-31 10:38 | Report Abuse

when will be Q3 financial report out?

Posted by maninder1972 > 2012-10-31 10:45 | Report Abuse

it touched 1.04 and is coming....

Posted by reyes430 > 2012-10-31 10:48 | Report Abuse

Hi Mr.Maninder i think i know you personally @@

Posted by brave82 > 2012-10-31 10:57 | Report Abuse

Buying rate going down @-@"

Posted by excelyou > 2012-10-31 14:57 | Report Abuse

HK fund managers accumulated another 7,420,500 shares between RM1.01 to RM1.05.

Posted by excelyou > 2012-10-31 14:59 | Report Abuse

Likely announcement on drilling project will out soon.

Posted by reyes430 > 2012-10-31 15:00 | Report Abuse

Hi excelyou,where do you actually get the source?

Posted by excelyou > 2012-10-31 15:02 | Report Abuse

HK close friends

Posted by Hong2 > 2012-10-31 15:05 | Report Abuse

Thanks for sharing, excelyou.

Posted by reyes430 > 2012-10-31 15:07 | Report Abuse

Thanks for sharing !

Posted by excelyou > 2012-10-31 15:10 | Report Abuse

Pahang’s gush of excitement:
We continue to have positive expectations for the oil & gas sector
and maintain our Overweight call. Petronas’s 5-year RM300bn capex
should keep the excitement level high in a sector that is a major
revenue earner. Our top picks are SapuraKencana for big caps and
Perisai for small caps.

What Happened:
Prime Minister Datuk Seri Najib Tun
Razak announced today that Petronas Carigali and Lundin Oil
have discovered additional oil fields, under a 25:75 production sharing
contract, at Block PM 307 of Pahang’s Bertam field. Production
will begin in 3Q14 with a projected output of 17,500-20,000 barrels per
day. This is the first oil discovery in Pahang.

What We Think:
This is a positive development given that the projected output could lift Petronas’s annual production of oil and condensate by 2.7-3.2%. Also, the discovery could present new opportunities for local oil & gas
companies. Potential early winners are likely to be marine support
providers such as Perdana Petroleum and Alam Maritim. Intensifying
exploration activities is one of the government’s Economic
Transformation Programme (ETP)initiatives.

What You Should Do:
Stay invested. We expect more domestic activities as Petronas
strives to boost Malaysia’s flagging production. The national oil company’s capex should benefit a wide range of local service providers. We expect all-time net profit highs in
CY12-14 for Bumi Armada, Dialog, Perisai, Petronas Dagangan,
SapuraKencana and Wah Seong.

Posted by excelyou > 2012-10-31 15:34 | Report Abuse

In addition to the tax incentives (detailed in our budget report) announced in the budget, Petronas reiterated its commitment on capex spending at the 2014 Offshore
Technology Conference Asia.
 Datuk Wee Yiaw Hin, Petronas exploration and production vice president reaffirmed that capex spending relating to production sharing contracts (PSC)
alone will be RM183bn, over the next 5 years.
 In addition to the PSC spending, investment in the Refining and petrochemical integrated development (Rapid) will be RM60bn.
 Rapid is currently at the engineering stage with earth
works expected to start next month (BT).
 In addition to the four partners currently in RAPID, Petronas is now selecting the partners and licences for activities within the complex.
We reiterate our overweight call and maintaining the view that focused spending to resuscitate and/or expedite O&G production will benefit selected O&G players as CAPEX spending and RSC disbursement intensifies in 2H2012 and 2013.
Top picks in order of preference whereby all would benefit from the above;
 SapuraKencana (TP: RM2.77 BUY, 20x FY01/14 EPS of
13.4 sen/share),
 Dayang (TP: 2.65 BUY, 14x FY13 EPS of 19 sen/share),
 Perisai (TP: RM1.60 BUY, 16x FY13 EPS of 10
sen/share),
 Uzma (TP: RM2.10 BUY, 10x FY13 EPS of 21
sen/share),
 Wah Seong (TP: RM2.10 13x FY13 EPS of 16
sen/share).

HONGLEONGBANK

Posted by excelyou > 2012-10-31 17:20 | Report Abuse

Perisai Petroleum Teknologi Bhd has scheduled to release its unaudited financial results for the third quarter ended 30 September 2012 on Wednesday, 21 November 2012.

Posted by Hong2 > 2012-10-31 17:42 | Report Abuse

Great then... hopes this will further surged the counter...

Posted by reyes430 > 2012-10-31 17:45 | Report Abuse

Thanks for sharing excelyou,here is the source for reference
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1105461

Posted by laxlav > 2012-10-31 17:49 | Report Abuse

dear excelyou thank you very much for all the very detailed
information you provide and also for some of the other
counters . please keep up the good work.

Posted by fpisb > 2012-11-01 09:10 | Report Abuse

Today still no vol, what happend this counter.

Posted by usry > 2012-11-01 09:14 | Report Abuse

Wait 4 volume to come.. Than will consider to joint.

Posted by excelyou > 2012-11-01 09:41 | Report Abuse

Coming quarter should be good.

Posted by hema > 2012-11-01 10:13 | Report Abuse

skpetro shot up...just waiting for the right time..perisai will shoot up too, i guess!

Posted by excelyou > 2012-11-01 10:26 | Report Abuse

Target by this week, RM1.13

Posted by azam87 > 2012-11-01 10:43 | Report Abuse

yeah.... here we go

Posted by brave82 > 2012-11-01 10:44 | Report Abuse

wah what happen? Suddenly high volume buy in .............

Posted by usry > 2012-11-01 11:03 | Report Abuse

If can break the 1.08 level, will joint the boat..

Posted by Hong2 > 2012-11-01 11:04 | Report Abuse

Yeah.....lets surged UP

Posted by usry > 2012-11-01 11:42 | Report Abuse

Stuck at 1.07 level..

Posted by trefoil > 2012-11-01 13:22 | Report Abuse

Hopefully to breakthru after lunch :)

Posted by maninder1972 > 2012-11-01 13:31 | Report Abuse

As I mentioned at 1.02 to dive in but many ignored. It will end at 1.09 or 1.10 but TP at 1.25 in month end. Foreign funds and domestic are buying it. Buying rate very high it tells the price is going up... Let's rock perisai....

Posted by laxlav > 2012-11-01 13:58 | Report Abuse

dear maninder i followed your advice and bought at 1.02 and 1.03
and waiting to buy more

Posted by Dave Chandran > 2012-11-01 14:05 | Report Abuse

Maninder , how do u know that foreign funds are buying this counter ?