Calvin fret not just accumulate as you will not see this unjustifiably low prices again. Unfortunately Dayang seem to be the bellwether O&G stock now and it is holding up pretty well. By the way I have added more this morning at 97 sen. My TP is RM2-00 by year end. Patience is key Bro and have a good day.
Wow, CalvinTan is trapping people in Penergy after conning nost followers at T7global, velesto and destini. So Penergy is the new prison for CalvinTan followers? Looking forward to see a long article from calvin, sifu of prisoners!
Minimum Fibronacci retracement of rise from 31.5c to 126c targets 89c. More likely lower target of 67.5c will be reached if Dayang was mainly a goreng exercise.
1) Peronas stated last year Most Funds were spent in downstream RAPID REFINERY (Invested USD27 Billions or over RM100 BILLIONS)
AND THIS YEAR PETRONAS GOING TO INVEST RM30 BILLIONS IN UPSTREAM O&G
RM15 BILLIONS WILL FLOW TO UPSTREAM OFFSHORE
AND PETRA ENERGY IS ONE OF TOP PLAYERS RECEIVING BULK OF THE BILLION $ JOB AWARDS
TO BE CONCISE PENERGY RECEIVED NOT ONE, BUT 2 X (TIMES) FOR OGSE AWARDS
1) FIRST AMONG 5 OGSE (OIL GAS SERVICE ENGINEERING) In Sept 2017
2) SECOND AMONG WNEM IT EXPANDED TO 12 OGSEs PENERGY WAS AMONG THE CHOSE ONES.
THAT MEANS THAT PENERGY REVENUES & PROFITS WILL BE BOOSTED TREMENDOUSLY MORE THAN DAYANG OR CARIMING BETTER THE LATTER 2 WERE NOT INCLUDED AMONG THE 2ND BATCH OF OGSEs SELECTED BY PETRONAS
NOW CURRENT EPS OF PENERGY IS OVER 6 SEN
WHAT IF SUBSEQUENT EPS LOOK LIKE THESE
1) 6 SEN (LATEST)
2) 10 SEM (MAY 2019)
3) 15 SEN (AUGUST 2019)
4) 20 SEN (NOVEMBER 2019)
SO IF PENERGY GOING TO SHOW INCREMENTAL EPS THROUGH THE NEXT 3 QUARTERS REPORTING YOU SHOULD INVEST WITH LONGER TERM VIEW RATHER THAN LOOKING AT SHORT TERM FLUCTUATION LIKE DOWN DROPPING 460 POINTS
LEARN TO KNOW THE FACTS SO THAT SHORT TERM FLUCTUATION BECOMES YOUR FRIEND
AND WHEN OTHERS LOOK AT OUTWARD CIRCUMSTANCES YOU LOOK AT FUNDAMENTAL
IN THIS WAY
NOW PEOPLE WHO CANNOT "SEE" THE EXCEPTIONAL PERFORMANCE OF PENERGY WILL PANIC AND THROW WHILE THOSE WHO "KNOW" WILL SCOOP UP THESE THROWN AWAY GOLDEN BARGAINS
NOW IF BY YEAR END PENERGY WILL BE WORTH RM1.50 IN VALUE
DON'T YOU THINK 96 SEN ALREADY A GOOD BUY
ANY CHEAPER MAKES IT AN EVEN BETTER BUY
AND THE LOWER PRICES DROP TO THE GREATER WILL BE OUR PROFIT WHEN IT FINALLY REVERSES TO ITS TRUE VALUE AFTER ALL THE GREAT RESULTS FINALLY SURFACE
But Petronas said more works will be going around for the service support players this year wor. Moreover Jan-Mac super hot weather, everyday can work at offshore. More works done, more money coming in.
Don't worry. Penergy is following Dayang one. Dayang no prob, Penergy no prob. Just some panic throwers today and big hand is waiting. Once rebound, no chance to get at this price.
EPS 6.51 sen per quarter. I dun wan to count 6 sen per quarter, Okay? I only take 5 sen per quarter, then 4 quarters become 20 sen. Simply apply PE :10x, 最低目评价都不会少于rm2.00.
Lots of champions here, everybody seems to have it when price down & all sold when price up. Fairy tales Buy 1000 share but declare bought alot Some always win in every forum they participate ........fairy tales again They really want to show off.....but boh liew. End of the day the actual story is they always lose. Stock mkt follows the 80:20 rule i.e. 80% lose, 20% make From the 20%.......half is fund managers make so left 10% From 10%....... half is syndicates make left 5% From 5%..........syndicates associates, insiders & macai make so left 2.5% So there is only 2.5% chance retailers make & all taken up by i3 forum members Outside of the forum , no one makes haha
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
56,886 posts
Posted by calvintaneng > 2019-03-22 09:47 | Report Abuse
REASONS TO BUY PENERGY NOW ON WEAKNESS
1) PENERGY HAS CLEAN BALANCE SHEET
2) PENERGY last quarter EPS over 6 Sen
Forward 4 qtr = 24 sen so P/E is low
3) PENERGY SECURED OGSE JOBS FROM PETRONAS TWICE
September 2017 One of 5 OGSEs selected was Penergy
July 2018 Penergy again selected in Expanded 12 OGSEs
So Penergy going to see even more Revenues & Profits
4) PENERGY In Brownfield shows lots of repairs/refurbishing needed for Petronas Offshore platforms, Rigs & Others
BEST OF ALL NOW PENERGY PRICE RETRACE DUE TO SELL DOWN ON DAYANG
AND PENERGY'S FUNDAMENTAL BETTER THAN DAYANG