Posted by Whiteevoque > 2023-02-06 11:13 | Report Abuse

Alam’s revenue last quarter of rm90mil is higher than perdana, icon, m&g and eatech. They only has minimal loss after reflecting the impairment value on the vessels. Now that Petronas has increased the serve life of vessels to 20 yrs from 15 years, this will result in positive values to all vessels companies. They also had won court case against their clients vestigo and should get the payment soon. My target is at least 11sen to complete the cup pattern in 2-3 months time

Posted by koyokui > 2023-02-08 20:20 | Report Abuse

May out of pn 17

Posted by kingJ > 2023-02-08 23:52 | Report Abuse

Ya, should be soon

Posted by success2628 > 2023-02-11 08:07 | Report Abuse

Oil prices posts gains after Russia says it will cut output by 500,000 barrels a day
PUBLISHED FRI, FEB 10 2023 6:18 AM EST
UPDATED 3 HOURS AGO
Ruxandra Iordache

https://www.cnbc.com/amp/2023/02/10/oil-prices-rise-after-russia-says-it-will-cut-output.html

Russia will cut oil output by 500,000 barrels per day in March, Deputy Prime Minister Alexander Novak said on Friday, following Western bans on Moscow's crude and oil products implemented in the past few months. 
The announced production decline amounts to roughly 5% of Russia's latest crude oil output, which Paris-based watchdog the International Energy Agency estimated was down at 9.77 million barrels per day in December.

The Brent contract for April delivery rose 2.24% to settle at $86.39 a barrel, having risen more than 8% for the week. U.S. West Texas Intermediate crude futures rose 2.13% to settle $79.72 a barrel, and rose 8.63% for the week for to notch the best week since October.
Novak said that the reduction will "help restore market relations," according to a Google translation of comments reported by state news agency Tass.
He noted that the cut does not apply to gas condensate and will be calculated from actual output levels, not from Russia's quota under the OPEC+ output agreement. The decision was not made in consultation with the OPEC+ coalition, which Moscow co-chairs.
OPEC+ producers must typically agree consensus on output policy, with members bound to their targets. But the group has previously allowed voluntary gestures that honor the spirit of existing output agreements — in this case, the Russian decline would build on a previous OPEC+ decision to lower production by a combined 2 million barrels per day, agreed in October last year.
Other OPEC producers facing sanctions, such as Venezuela and Iran, have requested and received exemptions from their production quotas. Several OPEC+ delegates previously told CNBC that Russia had so far signaled no intention to ask for similar accommodations.
The EU implemented bans on seaborne imports of crude oil on Dec. 5 and of oil products this week. Under a program passed by the G-7 wealthiest nations, Western providers may continue to supply key financial and shipping services to transport Russian volumes to non-G7 destinations, provided these fuels are purchased beneath specific price caps.
"As previously stated, we will not sell oil to those who directly or indirectly adhere to the principles of the 'price ceiling'," Novak reiterated on Friday, adding that the price cap program could lead to oil and oil products shortages.
"Lower Russian production together with China's reopening should tighten the oil market further over the coming quarters," UBS Strategist Giovanni Staunovo said in a Friday note to clients.

Posted by success2628 > 2023-02-11 08:18 |

Post removed.Why?

Posted by constantine007 > 2023-02-16 17:12 | Report Abuse

hope this quarter their result superb...

Posted by khoomingjau > 2023-02-20 15:54 | Report Abuse

heard from my accountant friend that the management decided to sell away their business and quit

Posted by constantine007 > 2023-02-20 17:47 | Report Abuse

really?i hope not

Posted by zenbeginner > 2023-02-20 19:42 | Report Abuse

Just signed MOU to bid for projects, and now want to sell? Main pasir ah?

Posted by success2628 > 2023-02-21 07:41 | Report Abuse

Perdana Petroleum bags vessel charter contract from Petronas Carigali
theedgemarkets.com/
theedgemarkets.com
February 20, 2023 17:49 pm +08

https://pnews.theedgemarkets.com/node/655961

KUALA LUMPUR (Feb 20): Oil and gas offshore marine service provider Perdana Petroleum Bhd has bagged a RM7.96 million contract from Petronas Carigali Sdn Bhd to supply one unit of anchor handling tug and supply (AHTS) vessel.
In a filing with Bursa Malaysia on Monday (Feb 20), Perdana Petroleum said its wholly owned subsidiary Perdana Nautika Sdn Bhd has received a work order award from Petronas Carigali on Jan 27. Under the deal, Perdana Nautika will provide the AHTS vessel with crews and equipment.
"The contract, which will commence on the vessel's on-hire certificate date, estimated on March 1 is for a duration of up to 245 days, with an option to extend for up to 30 days," it added.

"The contract is expected to contribute positively to the group's earnings and net assets for the financial year ending Dec 31, 2023."
Perdana Petroleum shares closed unchanged at 18 sen on Monday, giving it a market capitalisation of RM399.44 million.

Posted by jasontan1177 > 2023-02-24 15:15 | Report Abuse

ini ada goreng tak ?

Posted by jasontan1177 > 2023-02-28 13:00 | Report Abuse

goreng pisang nanti kikiki

Posted by hoot9e996 > 2023-02-28 13:58 | Report Abuse

result good!!! sure can get out of pn17!!!

Posted by arcadicus > 2023-02-28 15:28 | Report Abuse

GOOD QR...!

Posted by success2628 > 2023-02-28 22:21 |

Post removed.Why?

Posted by jinbesar > 2023-03-01 13:18 | Report Abuse

cincai only tutup mata put in 6 figure small change, good QR

Posted by obakh222 > 2023-03-02 12:59 | Report Abuse

Not even a 5 cent company. Shame on the Management.

Posted by UnicornP > 2023-03-02 13:42 | Report Abuse

csan's new pick.

Posted by garychee8 > 2023-03-02 15:55 | Report Abuse

in 0.035

Posted by arcadicus > 2023-03-03 14:03 | Report Abuse

4c now.... Hngghhhh...

Posted by pogbaggmu > 2023-03-03 14:46 | Report Abuse

https://klse.i3investor.com/web/blog/detail/shareseatreasure/2023-03-03-story-h-296533533-THE_MOST_UNDERVALUED_OIL_GAS_GEM_THAT_COULD_EASILY_INCREASE_BY_500

Posted by pogbaggmu > 2023-03-03 14:49 | Report Abuse

check out his previous recommendations. unbelievably accurate, especially on ysp where he even warned early about the downside which actually came true. i have shifted my money out of perdana to alam. 50% gain from perdana! thank you csan!

Posted by Whiteevoque > 2023-03-04 11:26 | Report Abuse

Thanks csan! Yup im with you on this. My top pick in this segment are eatech and follows by alam. Perdana is also good. Eatech should try break its ath of rm1.50 next year and alam may go above 40sen technically both are feasible. Fundamentally no doubt we will see profit growth until at least 2025

Posted by Invest123 > 2023-03-07 02:07 | Report Abuse

Good.

Posted by Whiteevoque > 2023-03-07 20:50 | Report Abuse

Good volume last few days. Soon it will break 5sen

Posted by csan > 2023-03-08 01:12 | Report Abuse

saparuddin1973, thanks for sharing the article. i forgot to mention about the starting date of Petronas' new annual CAPEX of RM60billion which is very important. I have updated my blog post to highlight this.

Posted by mf > 2023-03-08 04:20 | Report Abuse

Dow Jones

Dow Jones Industrial Average

32,909.17

-522.27

1.56%

Nasdaq

NASDAQ Composite

11,533.52

-142.21

1.21%

Posted by stocktrading88 > 2023-03-08 18:14 | Report Abuse

slow and steady. nice qr performance. potential out of pn17.

Posted by koyokui > 2023-03-14 19:16 | Report Abuse

Rumours out of pn17

Posted by afata08 > 2023-03-14 20:05 | Report Abuse

2moro hope can get 0.035

Posted by zenbeginner > 2023-03-15 00:03 | Report Abuse

Definitely out of pn17, question is when :-)

Posted by UnicornP > 2023-03-16 10:38 | Report Abuse

Surprisingly still holding well.

Posted by khoomingjau > 2023-03-16 16:35 | Report Abuse

0.02 left next month

Posted by MamakKutty > 2023-03-16 16:46 | Report Abuse

good, buy more

Posted by UnicornP > 2023-03-20 16:15 | Report Abuse

At last brought down.

Posted by khoomingjau > 2023-03-21 10:26 | Report Abuse

Runrunrun

Posted by UnicornP > 2023-03-21 16:36 | Report Abuse

Today volume very nice.

Posted by annmix > 2023-03-23 14:39 | Report Abuse

need to get out from PN17 first or else useless

Posted by success2628 > 2023-03-23 15:42 | Report Abuse

Hope can dropped to @0.015 and buy some

Posted by koyokui > 2023-03-27 17:47 | Report Abuse

Buy oil spike

Posted by zenbeginner > 2023-04-01 16:38 | Report Abuse

April Fool!

Posted by success2628 > 2023-04-04 07:16 |

Post removed.Why?

Posted by success2628 > 2023-04-04 08:03 | Report Abuse

Oil prices surge after OPEC’s surprise output cuts

https://www.aljazeera.com/amp/economy/2023/4/3/oil-prices-surge-after-opecs-surprise-output-cuts

Price jump comes after news oil producers will slash output by about 1.16 million barrels per day.

Oil prices have surged after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in US price data had boosted market optimism.
Brent oil futures jumped $4.30 to $84.19 a barrel on news output would be cut by about 1.16 million barrels per day, while US crude climbed $4.17 to $79.84.
The change comes before a virtual meeting of an OPEC+ ministerial panel, which includes Saudi Arabia and Russia.

Posted by zenbeginner > 2023-04-04 11:57 | Report Abuse

success2628
Walaoeh, Oil price spike up Like mad !
Brent closed at=> $84.93 +$5.04 +6.31%

Like that today Alam will be spike up crazily already !
Heng ah, Ong ah, Huat ah !
4 hours ago

:-( ......yawn... still have to wait before alam will wake up

Posted by zenbeginner > 2023-04-04 17:51 | Report Abuse

No monthly PN17 announcement?

Posted by saparuddin1973 > 2023-04-10 14:55 | Report Abuse

03.04.23 already send pn17 monthly announcement

Posted by annmix > 2023-04-18 14:37 | Report Abuse

no power

Posted by m16454 > 2023-04-24 11:46 | Report Abuse

Soon back to 0.015

Posted by UnicornP > 2023-04-30 16:18 | Report Abuse

Alam chart is very much moving aligned with Perdana's chart. So you can use Perdana chart as a guide to Alam movement.

Posted by zenbeginner > 2023-05-22 11:04 | Report Abuse

Sudden spike....