Posted by steveooikp > 2014-10-24 09:35 | Report Abuse

ahmoi --- barakah no problem... Oil price down nothing to do with barakah... PETRONAS capex still ongoing. barakah is a service provider, they don't sell oil.

Posted by steveooikp > 2014-10-24 09:45 | Report Abuse

1.31.... later will up 5-8 sen...

Posted by steveooikp > 2014-10-24 10:04 | Report Abuse

today nothing much to see.... Friday....

Posted by tpchuayap > 2014-10-24 10:52 | Report Abuse

Taking a short break....

Posted by crawler > 2014-10-24 11:24 | Report Abuse

got something to see.. EBOLA mah

Posted by crawler > 2014-10-24 11:25 | Report Abuse

PETRONAS don't make enough money how to spend money ler

Posted by skyz > 2014-10-24 12:16 | Report Abuse

agreed. fundamentally i dun c anything wrong with barakah yet. share price is dynamic and depends very muchon supply and demand. eventually it will correct back to the price the investors think it is worth. in the meantime, those who entered at 1.10+ might be queueing heavily at 1.30 now. around 15% profit in just less than 2 weeks, siapa tak mau wor? normal la

Posted by steveooikp > 2014-10-24 12:20 | Report Abuse

low volume profit taking... not much to worry about...
crawler - once capex is out, PETRONAS is a listed company.... they have to spend the capex and ensure all works are in place for the smooth production of oil to the market.

Posted by steveooikp > 2014-10-24 12:21 | Report Abuse

PETRONAS is selling the oil, not barakah.... barakah is a contractor!!

Posted by steveooikp > 2014-10-24 15:03 | Report Abuse

small quantities purposely push down 2 sen... create some panic selling... so shark can collect

Posted by steveooikp > 2014-10-24 15:40 | Report Abuse

1177 tahan at 1.28... small qty want to sell at 1.29... later will close at 1.30

Posted by steveooikp > 2014-10-24 15:53 | Report Abuse

see later will close at 1,30....

Posted by steveooikp > 2014-10-24 15:53 | Report Abuse

crawler.... you slowly slowly crawl ..... please...

Posted by crawler > 2014-10-26 12:09 | Report Abuse

I did not disagree barakah is a good company. I am just stating the fact that if oil company is not earning enough where to find CAPEX to fund ongoing expansion and exploration work and where contractor like Barakah going to find jobs? Simple theory. This is not only PETRONAS problem but it concerns all oil producing companies

Posted by AhMoi > 2014-10-26 12:57 | Report Abuse

Oil exports account for 85 percent of the Saudi government’s revenue, and the International Monetary Fund estimates the kingdom needs an annual average price of at least $83.60 a barrel to balance the national budget.


Let's see how long it can engage itself in its game to hurt the IS, the Russian and the crackers??

My guess is can't be long... as everybody gets hurted in this kind of needless lose-lose game.

Posted by AhMoi > 2014-10-26 15:17 | Report Abuse

The Saudi just need to cut production and oil prices will jump instantly.

The Saudi has that kind of power. Bear that in mind.

Posted by optimusprimeXV > 2014-10-27 10:46 | Report Abuse

wakakakakaka, don't be naïve guys..Oil and gas resources are not infinite..I only believe it will continue to move up the price otherwise you government don't have to keep cutting subsidy...wakakakakakaka laugh die me

Posted by steveooikp > 2014-10-27 17:41 | Report Abuse

yes... oil price will sure move up... is a limited natural resources...

Posted by steveooikp > 2014-10-27 17:42 | Report Abuse

barakah rests at 1.29 .. 1.30 for next rally ....

Posted by steveooikp > 2014-10-27 17:43 | Report Abuse

barakah can easily worth 1.70...

Posted by azlan88 > 2014-10-27 18:25 | Report Abuse

I'm not at previlige to disclose information regarding Barakah. However a general ideas is when new platforms or pipelines are installed, they require pre commisioning works, before operation started. This is where Barakah comes in. I believe few new platforms/cpp/gpp will come up in the next few years and pipelines to connect them to other platform or fpso/fso.

As barakah has succesfully graduated from VDP programme, and beneficiary of Pan Malaysia Contract. I believe they stand a good chance to win more contracts in future =)

Posted by joerakmo > 2014-10-27 19:31 | Report Abuse

Sept qtr result would be closely watched...expectations of Rm22m
to verify analysts forecasts and counter LA conversion

Posted by tpchuayap > 2014-10-28 08:32 | Report Abuse

Journey to north pole continues....Happy trading

Posted by forty40 > 2014-10-28 08:44 | Report Abuse

hope so :)

Posted by steveooikp > 2014-10-28 13:42 | Report Abuse

barakah... up up up to RM 2 please.... then up up up to RM 3..... please....

Posted by AhMoi > 2014-10-28 15:58 | Report Abuse

Drops 2.3% now.... buy buy buy la........

When up you want it to come down, when down you don't dare to buy.... WTF

Posted by Sohai > 2014-10-29 01:36 | Report Abuse

Oil war.....

Posted by AhMoi > 2014-10-31 12:21 | Report Abuse

My average cost is about 1.12... I am going to hang around a bit to see the latest Q result, the Arab project.....

Posted by smalltimer > 2014-11-03 12:00 | Report Abuse

tp 1.40 today; participate at own risk

Posted by AhMoi > 2014-11-03 12:19 | Report Abuse

Going up nicely..... ; )

Posted by livermore > 2014-11-03 12:20 | Report Abuse

wow...really going to 1.4 today?

Posted by AhMoi > 2014-11-03 12:25 | Report Abuse

Got momentum o...............

Posted by lskhin > 2014-11-03 13:07 | Report Abuse

TP RM 1.70

Posted by skyz > 2014-11-03 14:52 | Report Abuse

I sense sharks has swim back. huge buy and sell queues both ways

Posted by shinichi > 2014-11-03 16:05 | Report Abuse

BUY now with a TP of RM1.71. two weeks play.

Posted by skyz > 2014-11-03 17:11 | Report Abuse

who are you to make tat statement? god? ZzzZZZ

Posted by forty40 > 2014-11-03 17:35 | Report Abuse

RM1.71 is impossible for 2 week. too high

Posted by Lollipot Anison > 2014-11-04 08:27 | Report Abuse

oil drop below 80, beware guys

Posted by rafhan > 2014-11-04 11:02 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1784349

Posted by AhMoi > 2014-11-04 17:26 | Report Abuse

Herd mentality


After experiencing the recent drops on 16 17 October and having seen those who have the bullets and the gut to buy made money...................... many investors are selling out now, keep tons of cash and waiting and wishing for another big drop


Will another big drop come soon??


Or CI 2000 points come first??

Posted by Sohai > 2014-11-06 02:28 | Report Abuse

Usd 50 coming.....

Posted by AhMoi > 2014-11-06 12:07 | Report Abuse

Selling by those who converted from LA......???

Buying opportunity??

Posted by skyz > 2014-11-06 12:17 | Report Abuse

steve, told u already the RCUL conversion does have an impact :p

Posted by AhMoi > 2014-11-06 12:23 | Report Abuse

Anyway.....

Hai! Sohai, nobody ever told you not to pin your investment on hope meh??? Especially, wild hope.....???

Posted by AhMoi > 2014-11-06 12:26 | Report Abuse

And, think Barakah's profit can supports the dilution.... anyway not many are converting so far so dilution may be small

First batch to convert is likely those desperate ones.... after they have sold off, the price should recover

Posted by steveooikp > 2014-11-06 12:46 | Report Abuse

skyz --- when you told me? I should have escaped at 1.3x... aiyo.... are you still holding yours?

Posted by steveooikp > 2014-11-06 12:46 | Report Abuse

what to do, now have to wait...

Posted by steveooikp > 2014-11-06 12:53 | Report Abuse

I think barakah will sure go up above RM 1.50... it was from 1.7x or 1.8x previously. TP as indicated by expert is RM 1.75!!!

Posted by skyz > 2014-11-06 13:22 | Report Abuse

steveooikp Nothing to do with RCUL issue, see other O&G counters, no RCUL also drop ... bcos ppl are ignorant here... they throw due to oil price drop... they cannot distinguish what is the difference between service provider and oil producer... if barakah sells oil, you think can buy at 1,20? can you tell me any oil producer sell stock at RM 1.20? Further RCUL still not expired.... once expired may not all are converted....
15/10/2014 15:07

Warned you already previously. Research house sometimes dont tell you EVERYTHING. They will tell you what you WANT to know but not necessarily what you NEED to know :P

Posted by steveooikp > 2014-11-06 13:37 | Report Abuse

I have already explained (see my previous message).... barakah is a contractor, not selling oil. Furthermore, those confirmed contract profit already locked in and TP also taking into consideration of those RCUL.... TP 1.75 is based on PER 15. Oil producer -- where can buy the share at 1.2xor 1.3x? see share price of petgas, see petdag. But I am looking at petron -- 2.80 now... quite cheap now.

Long term --- oil price will go up again.