BARAKAH OFFSHORE PETROLEUM BHD

KLSE (MYR): BARAKAH (7251)

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Last Price

0.065

Today's Change

-0.005 (7.14%)

Day's Change

0.065 - 0.075

Trading Volume

5,211,400


20 people like this.

16,320 comment(s). Last comment by zulmuiz 4 days ago

KuffDam

6 posts

Posted by KuffDam > 2020-04-26 09:05 | Report Abuse

Oil price will be volatile for a longer time. A lot of inventory to let go after covid? Barakah - does it depend if the intended projects will continue?

Posted by immobile45 > 2020-04-27 15:26 | Report Abuse

huhuh corruption is good

irkarim

52 posts

Posted by irkarim > 2020-04-29 20:11 | Report Abuse

Hehe so many of u people lost money here.

Posted by foongkitmun > 2020-04-30 14:47 | Report Abuse

No news ka? No news is good news?

Posted by saintambrose > 2020-04-30 16:27 | Report Abuse

0.015

Paliwar

98 posts

Posted by Paliwar > 2020-04-30 16:48 | Report Abuse

how about the news with serbadk? any new info?

Posted by constantine007 > 2020-04-30 17:48 | Report Abuse

will barakah be delisted?

Godofgambler

5,307 posts

Posted by Godofgambler > 2020-04-30 23:07 | Report Abuse

Unlikely will be delisted if oil price fly in May.
The opec + cut oil production is real deal.

Godofgambler

5,307 posts

Posted by Godofgambler > 2020-04-30 23:21 | Report Abuse

I would expect oil price will be very very high like sky high due to oil shortage...

Godofgambler

5,307 posts

Posted by Godofgambler > 2020-04-30 23:21 | Report Abuse

Oil shortage will happen before year end

pamie

274 posts

Posted by pamie > 2020-05-03 10:24 | Report Abuse

I've been in this counter for few years. but seems not aware if i got any dividend.

Just to check, is there dividend distributed to investors. Maybe i did not aware of.

Machho

412 posts

Posted by Machho > 2020-05-03 13:24 | Report Abuse

Its just a matter of time passing

Louis7777

171 posts

Posted by Louis7777 > 2020-05-04 00:50 | Report Abuse

If I not mistaken this company in pn17 category

Citadel12

1,045 posts

Posted by Citadel12 > 2020-05-04 01:19 | Report Abuse

delisted soon

Machho

412 posts

Posted by Machho > 2020-05-04 20:17 | Report Abuse

Serbadk want buy or not

Posted by Trader Invest > 2020-05-05 00:04 | Report Abuse

Serbadk buy 4d better than buy this pn17 company

Posted by investortrader88 > 2020-05-05 22:05 | Report Abuse

"Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble."-Warren Buffet.



WTI CRUDE 
25.80 
+13.26%


BRENT CRUDE
30.31
+11.43%

Paliwar

98 posts

Posted by Paliwar > 2020-05-13 09:30 | Report Abuse

nothing here?

tiruban85

95 posts

Posted by tiruban85 > 2020-05-14 16:01 | Report Abuse

getting so bored without much movement

Machho

412 posts

Posted by Machho > 2020-05-14 22:31 | Report Abuse

Gv u one more year to accumulate

Machho

412 posts

Posted by Machho > 2020-05-14 22:32 | Report Abuse

Coming result if gain again, should be safe

Machho

412 posts

Posted by Machho > 2020-05-14 22:35 | Report Abuse

Maybe the negative nta affect the buying interest

Elsonng90

13 posts

Posted by Elsonng90 > 2020-05-14 22:53 | Report Abuse

How you guys see this stock barakah ,you all believe barakah can leave pn17?Any comment ?

Paliwar

98 posts

Posted by Paliwar > 2020-05-14 23:36 | Report Abuse

did the last quarter profit bcause off winning any sue?

tiruban85

95 posts

Posted by tiruban85 > 2020-05-15 15:17 | Report Abuse

@Paliwar i was hoping that one quarter might at least do a minor change, but it didnt. we need to wait for the consecutive good quarter

Paliwar

98 posts

Posted by Paliwar > 2020-05-15 16:01 | Report Abuse

suddenly a huuuge volume msok

Posted by Trader Invest > 2020-05-15 17:17 | Report Abuse

Wow.. From where this huge volume come?

Paliwar

98 posts

Posted by Paliwar > 2020-05-15 17:18 | Report Abuse

insider maybe...good news is comingg!!

Machho

412 posts

Posted by Machho > 2020-05-15 23:25 | Report Abuse

Icon profit with higher utilisation rate of vessel

Godofgambler

5,307 posts

Posted by Godofgambler > 2020-05-18 00:48 | Report Abuse

400% up soon for this counter.

Machho

412 posts

Posted by Machho > 2020-05-18 14:48 | Report Abuse

Wtf!!!

Paliwar

98 posts

Posted by Paliwar > 2020-05-18 16:00 | Report Abuse

why macho...any news??

Posted by BursaFollower > 2020-05-18 16:33 | Report Abuse

They have several contracts which run till Y2023 amounting to RM395mil. The dispute with Petronas...this would hinder its price movement

Paliwar

98 posts

Posted by Paliwar > 2020-05-18 16:51 | Report Abuse

so we just follow the oil price then

topkek

494 posts

Posted by topkek > 2020-05-18 23:06 | Report Abuse

BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY") - DEFAULT IN PAYMENT PURSUANT TO PARAGRAPH 9.19A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("LISTING REQUIREMENTS") ("DEFAULT IN PAYMENT")

Reference is made to the announcements made by the Company on 21 May 2019, 1 July 2019, 1 August 2019, 23 August 2019, 3 September 2019, 1 October 2019 and 23 October 2019 (collectively “Announcements”) in relation to the default in payment pursuant to Paragraph 9.19A of the Listing Requirements. Unless stated otherwise, definitions used in this announcement shall carry the same meanings as defined in the Announcements.

The Company wishes to inform that in relation to the Announcements, the Company and its wholly-owned subsidiary, PBJV Group Sdn Bhd (“PBJV”) and Kota Laksamana 101 Ltd (“KL 101”) wholly-owned subsidiary of PBJV have, on 18 May 2020, been served a Writ of Summons and Statement of Claim both dated 17 April 2020 for the amount of USD43,789,997.91 (as at 29.02.2020) by Export-Import Bank of Malaysia Berhad (“EXIM BANK”). The said Writ of Summons and Statement of Claim have been served on the Company (which is named as 3rd Defendant therein) and PBJV (which is named as 2nd Defendant therein) in their respective capacity as Corporate Guarantor pursuant to and under an Ijarah Facility Agreement dated 11 June 2014 entered into between KL 101 and Exim Bank.

The Company is still in the midst of formulating a plan to regularise its financial conditions that will include proposals to address this default and the Writ of Summons and Statement of Claim.

This announcement is dated 18 May 2020.

Posted by foongkitmun > 2020-05-19 18:28 | Report Abuse

So no good news at this moment...

Newbiesky

792 posts

Posted by Newbiesky > 2020-05-19 20:40 | Report Abuse

they just got a restrain order from the court and approval to call for creditor meeting.

ed22

3 posts

Posted by ed22 > 2020-05-20 10:56 | Report Abuse

it's a good news i supposed. once payment reschedule by the creditors are approved, Barakah shall be out of PN17. hopefully FY 30.6.2020 translate positive result.

Posted by armadatuah2017 > 2020-05-21 08:57 | Report Abuse

creditors will not easily reschedule payment unless there's good prospect by new projects. rescheduled payment will incur higher interest and further paralyse Barakah to recover.. I wish to go in this counter to take risk but at 0.01 - 0.015....

Mabel

23,657 posts

Posted by Mabel > 2020-05-22 23:38 | Report Abuse

Minggu ini Bursa cukup cantik
Banyak sahabat sahabat riang gembira
Kita semua masih untung walaupun Barakah masih lagi tak naik
Kita jumpa lagi lepas raya..

Selamat Hari Raya Semua!

Meow Meow Meow

Flyinghorse

3,657 posts

Posted by Flyinghorse > 2020-05-27 10:45 | Report Abuse

Everyone here is waiting for Barakah to shine again.......

RedEagle

3,194 posts

Posted by RedEagle > 2020-05-27 20:05 | Report Abuse

Petronas' capex cut another shock to local O&G companies

Flyinghorse

3,657 posts

Posted by Flyinghorse > 2020-05-28 14:14 | Report Abuse

Barakah got any hope to get out from PN17?

himbaan

58 posts

Posted by himbaan > 2020-05-29 15:30 | Report Abuse

this is like buying 4D, strike or gone.....

Machho

412 posts

Posted by Machho > 2020-05-29 18:39 | Report Abuse

Why no result

garylim19

13 posts

Posted by garylim19 > 2020-06-01 17:51 | Report Abuse

when this counter?

Machho

412 posts

Posted by Machho > 2020-06-04 00:14 | Report Abuse

Scomi up, when barakah

Posted by more_n_more > 2020-06-04 11:09 | Report Abuse

when will fly again?

Posted by more_n_more > 2020-06-04 11:10 | Report Abuse

wait long long time liao

Godofgambler

5,307 posts

Posted by Godofgambler > 2020-06-06 00:18 | Report Abuse

Haha

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