Posted by badud_power > 2018-05-18 16:37 | Report Abuse

Najib's brother is the director. This lousy company will die soon.

Posted by freddiehero > 2018-05-19 17:04 | Report Abuse

no la..

Posted by I_want_to_be_rich > 2018-05-22 02:31 | Report Abuse

Brent USD 79.
https://www.bloomberg.com/quote/CO1:COM

Posted by DK66 > 2018-05-24 18:43 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5800997

Q1 results

Posted by DK66 > 2018-05-25 11:00 | Report Abuse

http://klse.i3investor.com/blogs/PublicInvest/158154.jsp

Posted by DK66 > 2018-05-25 11:05 | Report Abuse

http://klse.i3investor.com/blogs/PublicInvest/158152.jsp

Posted by badud_power > 2018-05-31 16:44 | Report Abuse

The net profit of 1Mil is merely from their asset disposal in Shah Alam not from their business income. lol

Posted by Moneymore > 2018-06-03 10:53 | Report Abuse

So far only Dialog, Bumi, Yinson and Hibiscus are gerating good profit when oil price up. Dialog is sure win with Pengerang, Hibiscus the only real oil producer, the rest of are service companies rely on oil company for job: barakah, Uzma, Perisai, Icon, Alam, UMW, Petra, Carimin, Scomi, T7, many more all are in deep trouble, so the choice is easy, don't buy on what people told you, do you own calculation. Also stay away from oil companies associated with Khazakstan like Sumatec and Reach, too much fishy. Best bet in this oil cycle up will be Hibiscus, next Dialog, then Yinson and Bumi.

Posted by chinaman > 2018-06-06 19:53 | Report Abuse

National oil firm Petronas is seeking exclusive ownership of Malaysia’s petroleum resources and a court declaration making it the regulator of the upstream industry for the whole country. (Reuters pic)

KOTA KINABALU: Parti Solidariti Tanah Airku (STAR) president Jeffrey Kitingan today warned that any court ruling favouring Petronas in the matter of petroleum resources ownership could signal “the end” of Malaysia.

“If the federal government insists on this, we will go back to the basis of the formation of Malaysia.

“What do they want to do? Break up Malaysia? This is a big case, and I am surprised the state government is not saying anything about it,” he told reporters after attending the annual Double Six memorial day here.

Jeffrey, who is Keningau MP and Tambunan assemblyman, said he had always viewed the Petroleum Development Act (PDA), on which Petronas is basing its claim to oil rights in the country, as unconstitutional.

He said natural resources had always been a state matter, and was even specified as such in the Federal Constitution under the distribution of legislative powers between the state and federal governments.

He added that the recent proposal to privatise Petronas was “disturbing”, as it meant the people would not longer have any locus standi on the resources as they would belong to the shareholders.

“That is a very silly proposal. Now, Petronas is going to court to declare that our resources belong to Petronas, exclusively.

“Funnily, they use the PDA when they should have to go back to the constitutions, the Malaysia Agreement 1963 and the Inter-Governmental Committee Report,” he said.

Jeffrey said if the state government did not act on the matter, the people must do something to protect their interests.

This was why Gabungan Sabah, a political alliance of four opposition parties, had prepared a team of local lawyers to intervene in the case, he added.

“The people of Sabah are stakeholders. We have a stake in the matter and thus have the right to intervene in this proposal,” he said.

Sabah Progressive Party (SAPP) president Yong Teck Lee said the team of lawyers had started working on the case yesterday, following news of the Petronas legal action.

“If Petronas wins the case, it means all our oil resources, 100%, will belong to Petronas and not the people of Sabah and Sarawak. The stakes are high, which is why the Sarawak government has engaged private lawyers, not just the Sarawak attorney-general,” he said.

“If Sarawak loses, the same ruling may apply to Sabah also. From 5% cash payment, we are surprised that under this Malaysia Baru, Petronas now want to grab 100% of the oil ownership.”

Yong urged the Sabah government to pursue the matter without compromise.

“Do not fear political consequences. This is for the petroleum rights of Sabah.

“Don’t forget, other than the PDA, there is also the Territorial Sea Act. All of the continental shelf belongs to Sabah, including the resources. This is another issue.”

Yong added that this was a fast moving issue, and that the state government must take quick action.

“Not just in Sabah and Sarawak. There are also lawyers acting on behalf of Kelantan and Terengganu in the peninsula,” he said.

Posted by BustariYusof > 2018-06-14 09:46 | Report Abuse

Petra Energy gets 1-year contract extension from Petronas Carigali
https://www.theedgemarkets.com/article/petra-energy-gets-1year-contract-extension-petronas-carigali

Posted by jantan > 2018-08-01 02:19 | Report Abuse

12. Petra Resources Sdn Bhd
https://www.thestar.com.my/business/business-news/2018/07/31/petronas-launches-new-vendor-devt-scheme-with-18-partners/

Posted by Geledang Ampang > 2018-08-23 10:13 | Report Abuse

Federal goverment will be soft with Sarawak...too much at stake...even though Bustari yusof is at helm of this company...Petra will not go bust...PETRA will be the extension of PETROS...He is the brother of ex Kerja Raya minister Fadillah yusof...they need funds to keep PBB in power in Sarawak...Sarawak will play the mining ordinance to their hand...if Federal cause trouble to them...they will pinch Petronas with the mining ordinance issue...

Posted by Geledang Ampang > 2018-08-28 08:14 | Report Abuse

24 Aug Mr Bustari is accumulating more....hmmm...anybody knows anything?

Posted by I_want_to_be_rich > 2018-08-30 05:26 | Report Abuse

Brent USD 77.39
https://www.bloomberg.com/quote/CO1:COM

Posted by Geledang Ampang > 2018-08-30 11:17 | Report Abuse

This stock just not moving...no buying interest....

Posted by Geledang Ampang > 2018-09-03 10:14 | Report Abuse

Is this counter a shitty one?

Posted by Geledang Ampang > 2018-09-03 17:46 | Report Abuse

So quiet this forum...dead silence

Posted by Geledang Ampang > 2018-09-04 10:07 | Report Abuse

Silent like wednesday afternoon at the graveyard

Posted by BustariYusof > 2018-09-04 10:12 | Report Abuse

If no poor QR how can I buy more even cheaper? Oil hitting USD 78 nobody aware?

Posted by Geledang Ampang > 2018-09-05 09:25 | Report Abuse

Cmon..PETRA is getting Swk oil and gas license...other oil and gas company will have problem obtaining the license...Swak oil protectionism coming soon...buy while still low

Posted by Gambit_Baboon > 2018-09-06 04:55 | Report Abuse

Buy Buy buy!!!

Posted by Gambit_Baboon > 2018-09-06 04:56 | Report Abuse

Price decline with neglibile volume...people just playing with stock price...

Posted by Gambit_Baboon > 2018-09-19 00:07 | Report Abuse

Still quite this forum...like everybody had left or move away...and all the best women are married...n the handsome men are gay...how to survive...

Posted by Gambit_Baboon > 2018-09-21 08:30 | Report Abuse

Still quite in this forum...to quite...Like in movie I am Legend...all turn to zombie

Posted by Oil_n_Gas > 2018-09-25 04:07 | Report Abuse

Petra Energy’s director Nizam Razak resigns
https://www.thestar.com.my/business/business-news/2018/09/24/petra-energy-director-nizam-razak-resigns/

Posted by Gambit_Baboon > 2018-09-26 13:35 | Report Abuse

The black mark (Nizam Razak) have been removed...

Posted by Gambit_Baboon > 2018-10-02 09:13 | Report Abuse

Surge!!!Surge!!!Surge!!!

Posted by 5354 > 2018-10-03 02:52 | Report Abuse

Bustari Yusof buy and buy bec Penergy discover more oil? How much is oil output currently?

Gambit_Baboon Surge!!!Surge!!!Surge!!!
02/10/2018 09:13

Posted by Gambit_Baboon > 2018-10-03 15:20 | Report Abuse

Bustari got some up his sleeve...

Posted by Gambit_Baboon > 2018-10-05 09:19 | Report Abuse

This stock has no hope...luckily manage to exit

Posted by Gambit_Baboon > 2018-10-08 16:36 | Report Abuse

Spooky place this PENERGY Forum

Posted by badud_power > 2018-10-26 10:44 | Report Abuse

Lousy

Posted by Sarawakian8 > 2018-11-19 12:27 | Report Abuse

Next major election PH govn must face is Sarawak state election. Can they rule like BN for 61 years?

Posted by commonsense > 2019-01-24 13:35 | Report Abuse

The company has been making losses since FY16 and has yet to turnaround even though oil price is now hovering around USD60/barrel. Most analyst initially thought that the turnaround would come in FY18 given the company’s success in bagging the maintenance, construction and modification (MCM) contract back in Nov 17 from Petronas focusing mainly on the Sabah offshore. It was a very negative surprise for the investors when Petra recorded a core net loss of RM55mil for 9m18.

The company has yet to deliver any substantial profit from the MCM contract with vessel utilisation rate at only 35%. Apparently, the contract rate was too low for the company to be able to make any substantial profit from it (Petra might have bid too low in desperation in order for it to win the contract). Expect further losses in FY19 unless the company managed to negotiate back with Petronas to have a better contract rate for the MCM project (which is doubtful).

If you are looking to diversify your portfolio outside of Petra Energy (due to its earnings uncertainties) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM10mil to RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.

Posted by I_want_to_be_rich > 2019-02-13 05:28 | Report Abuse

Brent USD 62.43.
https://www.bloomberg.com/quote/CO1:COM

Posted by 4iiii > 2019-02-23 04:07 | Report Abuse

Not you lousy? 1 ctr also cannot keep with QR update?

badud_power Lousy
26/10/2018 10:44

Posted by 8888_ > 2019-02-23 04:09 | Report Abuse

Profit and revenue best in 3 years.

Posted by stock_investor > 2019-02-23 09:26 | Report Abuse

petra energy is back. time to in on next monday.

Posted by tempac > 2019-02-23 19:16 | Report Abuse

Actually the management know already, profits can't sustain. Dayang far better than it.

Petra Energy returns to the black in 4Q, but concerned about sustainability of recovery
http://www.theedgemarkets.com/article/petra-energy-returns-black-4q-concerned-about-sustainability-recovery

Posted by 8888_ > 2019-02-24 04:55 | Report Abuse

See how on Monday after QR announcement.

qps9999 No movement in PETRA..why..
23/02/2019 19:20

Posted by 8888_ > 2019-02-24 04:56 | Report Abuse

Even Dayang far better price is not. We must buy when low to gain more haha.

Dayang far better than it.

Posted by SK1200 > 2019-02-25 08:54 | Report Abuse

Today gap up..watch out!!

Posted by 8888_ > 2019-02-25 09:03 | Report Abuse

26 sen up.

Posted by 8888_ > 2019-02-25 09:03 | Report Abuse

Limit up.

Posted by 8888_ > 2019-02-25 09:28 | Report Abuse

No1 in i3 talk?

Posted by SK1200 > 2019-02-25 09:34 | Report Abuse

Thank penergy..now can buy 1 motorcycle already..hihi

Posted by saham4u > 2019-02-25 11:55 | Report Abuse

Syukur dapat profit hampir RM42,050 hari ni lepas jual share saya. Sangat gembira dengan prestasi saham PETRAENERGY

Posted by KAQ4468 > 2019-02-25 12:04 | Report Abuse

perghhhhhh


70% satu hari

Posted by mala173318 > 2019-02-25 13:11 | Report Abuse

next is sapura energy

Posted by RainT > 2019-02-25 17:25 | Report Abuse

@saham4u

TAHNIAH!

U banyak lucky hari ini ...