Posted by Simon73 > 2019-03-08 11:25 | Report Abuse

Calvin

T7 ticking up too...as u analysed, CHEERS! to Calvin and everyone in OnG sector.

Have a pleasant and lubricantly weekend!

Posted by belajar123 > 2019-03-08 13:54 | Report Abuse

Calvin, i heard that there will be a down trend wave next week. Can the OnG stocks stand still admist the wave ?

Posted by Vinlim > 2019-03-08 14:25 | Report Abuse

Go ahead O&G counter

Posted by dompeilee > 2019-03-08 16:58 | Report Abuse

SOLD my Penergy stuck @ a cost of 1.16 since April '15 for 1.18-1.21 today...freeing up my trapped capital! =)

Posted by 8888_ > 2019-03-08 17:01 | Report Abuse

1.18 good closing price. More rise next week?

Posted by 8888_ > 2019-03-08 17:05 | Report Abuse

Rise 4 sen bec QR good like Dayang. Overall mkt bad and oil price is down dampening further rise.

Posted by winmal > 2019-03-08 18:03 | Report Abuse

Penergy very easy to report increasing profit, hold tight

Posted by calvintaneng > 2019-03-08 19:21 | Report Abuse

Hi guys

PENERGY result on the surface may be behind dayang

But PENERGY got no liability like perdana

So the fundamental of PENERGY is much better

By right PENERGY should also go up in tandem with dayang

Since PENERGY now a laggard we expect it to move higher

Posted by freddiehero > 2019-03-08 19:59 | Report Abuse

tis call rocket up liao..

Posted by freddiehero > 2019-03-08 19:59 | Report Abuse

u r hero

Posted by calvintaneng > 2019-03-08 23:44 | Report Abuse

VERY GOOD NEWS

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will pay RM54 billion in dividend to the government this year, including a special dividend of RM30 billion.

Petronas president and group chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin said the group, which announced a revenue jump of 12 per cent to RM251.0 billion, had been paying the dividend in tranches since January.

“The group will be paying RM54 billion dividend in total (for 2019) comprising RM30 billion in special dividend and RM24 billion in normal dividend.

“We were confident of delivering this dividend before we declared this number,” he said at a media briefing on Petronas’ 2018 financial results here today.

In November last year, Petronas announced that it would be paying an additional RM30 billion in a special dividend in the 2019 Budget to help the government settle refunds of RM37 billion in goods and services tax and income tax.

Petronas, in a statement, said the special dividend payment would not impede its operations.

Earlier, Finance Minister Lim Guan Eng said the government expected to receive RM261.8 billion in revenue next year, including a one-off special dividend of RM30 billion from Petronas.

The special dividend, he said, would be used towards repaying the GST and income tax refunds of RM37 billion.

Petronas announced a 12 per cent increase in revenue to RM251.0 billion from RM223.6 billion recorded in 2017, driven by higher average realised prices for all key products.

Petronas’ net profit rose 22 per cent to RM55.3 billion from RM45.5 billion in 2017, on the back of higher revenue and supported by net write-back of impairment of assets.

SEE THESE WORDS

(((In November last year, Petronas announced that it would be paying an additional RM30 billion in a special dividend in the 2019 Budget to help the government settle refunds of RM37 billion in goods and services tax and income tax.)))

1) Good News No. 1

PETRONAS HAS INCREASED REVENUE TO HELP MALAYSIAN GOVT

That is why 5 OGSE are selling higher revenue due to increased activity

Both Penergy & Dayang have surging revenue & profits



2) Good News No. 2

With Increased Revenues PH Govt is ready to RESTART ECRL which is very good for T7 Global & Azrb


3) Good news No. 3

(((help the government settle refunds of RM37 billion in goods and services tax and income tax.)))

These will result in Payment to companies which Govt owed goods & services tax refund of Rm37 billions which inject liquidity to companies hard pressed in their cash flow.

Posted by 8888_ > 2019-03-09 04:51 | Report Abuse

Sarawak CM happy with outcome of MA63 negotiation
https://www.theedgemarkets.com/article/sarawak-cm-happy-outcome-ma63-negotiation

Posted by calvintaneng > 2019-03-09 11:29 | Report Abuse

GOOD NEWS FOR PENERGY

https://www.thestar.com.my/business/business-news/2019/03/09/a-more-vibrant-outlook-seen-for-upstream-og/

Posted by UnicornP > 2019-03-09 13:32 | Report Abuse

Yea!
"Last year, the number of rigs in Malaysian waters was about 15. This year it will be in the mid-20s or higher, and that is a good proxy of the work activities that we are planning."
"In general, the higher the rig count, the greater volume of oil and gas that will be available for production. This is typically good news as it means more work going around for the service support players."

>>MORE WORK GOING AROUND....FOR THE SERVICE SUPPORT PLAYERS<<

Posted by Sarawakians > 2019-03-10 16:45 | Report Abuse

BN gov't reduced Sarawak's status to one of 13 states: Chong
https://www.malaysiakini.com/news/467320

Posted by Kho Hon Hua > 2019-03-10 17:29 | Report Abuse

This can buy in?

Posted by calvintaneng > 2019-03-11 08:56 | Report Abuse

Happy morning all

PENERGY now very undervalue compared to dayang

Posted by PE10 > 2019-03-11 08:59 | Report Abuse

TP RM 2.6 based on EPS 6.51 sen.

Posted by sarawakian63 > 2019-03-11 09:20 | Report Abuse

Why no more power? PH want to lose in 2021 state election?

Posted by 8888_ > 2019-03-11 09:26 | Report Abuse

Buy more. QR Q1 2019 should be even better on higher oil price.

Posted by UnicornP > 2019-03-11 10:08 | Report Abuse

Operator assessing condition.

Posted by calvintaneng > 2019-03-11 10:10 | Report Abuse

IF MAY RESULT SHOWS PENERGY BETTER THAN DAYANG

THEN PENERGY WILL JUMP UP!!!

Posted by Goldensnow > 2019-03-11 10:10 | Report Abuse

tq Calvin.

Posted by Undi_PKR > 2019-03-11 11:40 | Report Abuse

Oil up to USD 66 why down?
https://www.bloomberg.com/quote/CO1:COM

Posted by nestor > 2019-03-11 14:48 | Report Abuse

today drop ?

Posted by Goldensnow > 2019-03-11 15:01 | Report Abuse

time to collect

Posted by jackfruit > 2019-03-11 15:07 | Report Abuse

Market leader Sayang is sick now so other OnG also follow.

Posted by UnicornP > 2019-03-11 15:11 | Report Abuse

Good. Shake shake shake out the weaklings.

Posted by nestor > 2019-03-11 15:16 | Report Abuse

really ? So time to collect ? Or should sell first ?

Posted by UnicornP > 2019-03-11 15:22 | Report Abuse

I hope Dayang will crash so that I can see Penergy's bottom. kikiki

Posted by Goldensnow > 2019-03-11 16:05 | Report Abuse

those who collected dayang at 1.47 congrats.

Posted by nestor > 2019-03-11 16:29 | Report Abuse

i collected at 1.58 haha
sad. and my Penegry TP also high too

Posted by dompeilee > 2019-03-11 16:56 | Report Abuse

dompeilee SOLD my Penergy stuck @ a cost of 1.16 since April '15 for 1.18-1.21 today...freeing up my trapped capital! =)
08/03/2019 16:58

Hope I caught the TOP! =)

Posted by calvintaneng > 2019-03-11 17:38 | Report Abuse

Hi guys

Today got profit taking

Should be Ok as OnG Bull Theme still in tact for THESE VERY STRONG REASONS

1) PETRONAS HAS INCREASED CAPEX FOR O&G THIS YEAR TO OVER RM50 BILLIONS

OF WHICH RM15 BILLIONS WILL BE FOR MALAYSIAN UPSTREAM PLAYERS

LAST YEAR WAS RM11.5 BILLIONS

SO THERE IS AN INCREASE OF 30% THIS YEAR!!!

VERY GOOD FOR OGSE & UPSTREAM PLAYERS


2) OIL RIGS WILL INCREASE FROM CURRENT 15 IN YEAR 2018 TO 25 or Up to 29 OIL RIGS THIS YEAR OF 2019

SO OIL RIGS WILL INCREASE BY 40% TO AS MANY AS 93%

ONE GREAT OIL RIG PLAYER IS VELESTO (5423) OR FORMERLY CALLED UMW O&G

I SUGGEST TAKE SOME PROFIT FROM THOSE WHICH ALREADY RUN UP A LOT

AND BUY SOME VELESTO WHILE STILL DIRT CHEAP BELOW 30 SEN

VELESTO (5423) UMW O&G WAS ONCE TRADED AS HIGH AS RM4.63 in YEAR 2014

SO WHEN IT REBOUND UPWARD IT MIGHT SPRING A VERY VERY BIG SURPRISE!!!

Posted by tansoonyg > 2019-03-11 17:52 | Report Abuse

Buy more during market correction.

Posted by Bull > 2019-03-12 08:51 | Report Abuse

Follow calvin. hamtam velesto

Posted by Bull > 2019-03-12 08:51 | Report Abuse

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/197407.jsp

Posted by gogreen > 2019-03-12 09:23 | Report Abuse

this stock total share issued only 321mil at this price ??

Posted by gogreen > 2019-03-12 09:25 | Report Abuse

I think can keep some for this year o&g play..

Posted by gogreen > 2019-03-12 09:40 | Report Abuse

calvin make a lot contrarian, jump here & there...seems headache.. haha.. I think stay here better la..

Posted by calvintaneng > 2019-03-12 09:42 | Report Abuse

Posted by gogreen > Mar 12, 2019 09:40 AM | Report Abuse

calvin make a lot contrarian, jump here & there...seems headache.. haha.. I think stay here better la..


CALVIN GOT 50,000 SHARES OF PENERGY

WAITING FOR CHUN CHUN TARGET PRICE OF RM1.50

VELESTO WILL ALSO MAKE 100% OR MORE FOR CALVIN

ALL HAPPY HAPPY IN OnG BULL RUN TIME

CHEERS!!!

Posted by Depeche > 2019-03-12 09:59 | Report Abuse

Calvin...is there any real chance that penergy could report higher profits than Dayang? Historical QRs have shown that Dayang's profits were higher than Penergy.'s.

Posted by samflyer > 2019-03-12 10:02 | Report Abuse

Penergy has no more energy....warned this counter is illiquid

Posted by Goldensnow > 2019-03-12 10:02 | Report Abuse

Penergy still dropping? Good time to accumulate?

Posted by dompeilee > 2019-03-12 10:02 | Report Abuse

Ya lor...keep buying...skali stuck like I was @ 1.16 since April 2015 lol

Posted by calvintaneng > 2019-03-12 10:04 | Report Abuse

Posted by Depeche > Mar 12, 2019 09:59 AM | Report Abuse

Calvin...is there any real chance that penergy could report higher profits than Dayang? Historical QRs have shown that Dayang's profits were higher than Penergy.'s.

Dayang by virtue of its 4X more PPE will secure more jobs than Penergy

And report better margins

BUT OVERALL 2 THINGS MIGHT HOLD BACK DAYANG

1. DAYANG BORROWINGS MUCH HIGHER THAN PENERGY

2. DAYANG GOT LIABILITY IN PERDANA WHICH IS INSOLVENT

ON SHORT SPURT DAYANG MIGHT RUN AHEAD

BUT ON A LONG DISTANCE MARATHON PENERGY SHOULD PLAY CATCH UP

BETWEEN THE PRICE AND VALUE NOW

I WILL GO FOR PENERGY ANYTIME!!!

Posted by Goldensnow > 2019-03-12 10:07 | Report Abuse

Dompeilee.. not enough volume trading now..

Posted by dompeilee > 2019-03-12 10:15 | Report Abuse

I give u all free tip lah! Penergy gonna rebound anytime now...

Posted by Goldensnow > 2019-03-12 10:17 | Report Abuse

Lol... dayang 1.60 de

Posted by Depeche > 2019-03-12 10:34 | Report Abuse

Thanks calvin...i have also bought more Penergy than Dayang.