BARAKAH OFFSHORE PETROLEUM BHD

KLSE (MYR): BARAKAH (7251)

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Last Price

0.055

Today's Change

+0.005 (10.00%)

Day's Change

0.05 - 0.055

Trading Volume

14,058,400


20 people like this.

16,346 comment(s). Last comment by Kotaro 1 week ago

steveooikp

4,689 posts

Posted by steveooikp > 2016-11-18 07:30 | Report Abuse

nobody in this counter? all sold at loss?

steveooikp

4,689 posts

Posted by steveooikp > 2016-11-23 17:46 | Report Abuse

quantities is high today... hope is good news.

steveooikp

4,689 posts

Posted by steveooikp > 2016-11-24 14:54 | Report Abuse

lousai o n g .....

steveooikp

4,689 posts

Posted by steveooikp > 2016-11-24 15:22 | Report Abuse

these few days.... upsr result will be out for barakah...
scare....

steveooikp

4,689 posts

Posted by steveooikp > 2016-11-25 09:47 | Report Abuse

this one must hold...
got Aramco contract on hold...
once O&G ok a bit.... Aramco contract will start

steveooikp

4,689 posts

Posted by steveooikp > 2016-11-25 09:47 | Report Abuse

Aramco contract... billions contract

steveooikp

4,689 posts

Posted by steveooikp > 2016-11-28 14:05 | Report Abuse

yes. I know.
can buy more?
good order book on hand and appointed as contractor for petrolnas.

steveooikp

4,689 posts

Posted by steveooikp > 2016-11-28 14:06 | Report Abuse

once oil price improve, Aramco job on hand...

SHQuah

5,363 posts

Posted by SHQuah > 2016-11-28 14:27 | Report Abuse

Barakah cash rich

Fixed Deposit : RM110,542,000.00
Cash in Hand : RM34,941,000.00

steveooikp

4,689 posts

Posted by steveooikp > 2016-11-28 14:34 | Report Abuse

yes,

result good.. making profit
good order book till 2012.
cash a lot.

but no movement....

other counter... lose a bit ... down like shit...

steveooikp

4,689 posts

Posted by steveooikp > 2016-11-28 14:34 | Report Abuse

I am thinking to buy more...

SHQuah

5,363 posts

Posted by SHQuah > 2016-11-28 14:59 | Report Abuse

Don't think, just buy

SHQuah

5,363 posts

Posted by SHQuah > 2016-11-28 15:11 | Report Abuse

Coming

SHQuah

5,363 posts

Posted by SHQuah > 2016-11-28 15:57 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/11/28/third-quarter-net-profit-improves/

Barakah third-quarter net profit rebounds to RM1.97mil on cost-cutting exercise
Monday, 28 November 2016 | MYT 3:09 PM

KUALA LUMPUR: Barakah Offshore Petroleum Bhd has chalked up a net profit of RM1.97mil for the third quarter financial year ended Sept 30, 2016, compared with a net loss of RM15.4mil a year ago from cost reduction exercise that was implemented since the beginning of the current financial year.

During the quarter under review, revenue was higher at RM167.2mil against RM110.9mil in the previous corresponding quarter. Earnings per share stood at 0.24sen as opposed to a loss of 1.92 sen per share.

steveooikp

4,689 posts

Posted by steveooikp > 2016-11-28 17:38 | Report Abuse

damn.
see --- company make money QR - share price also down.
see -- company lose money QR - down damn like shit...
so overall down down down...
damn.

Aleo Low

115 posts

Posted by Aleo Low > 2016-11-29 00:57 | Report Abuse

Anyone hold from 1.20??

steveooikp

4,689 posts

Posted by steveooikp > 2016-11-29 08:20 | Report Abuse

me! stupid right?.... my average price is 1.15.... you ?

SHQuah

5,363 posts

Posted by SHQuah > 2016-11-29 10:32 | Report Abuse

Good company, Good result but no support ? Why ?

steveooikp

4,689 posts

Posted by steveooikp > 2016-11-29 10:35 | Report Abuse

drop 3 sen somemore... making profit ... and drop.
bursa shit... no reason...

steveooikp

4,689 posts

Posted by steveooikp > 2016-11-29 10:53 | Report Abuse

I will say none of the counter can buy now.
you buy, you tikam only.
counter profit ... down few sens...
counter profit... can be also down 6 to 10 sen
counter lose a bit of money... down 10 to 15 sen...
counter lose a lot .... down like shit.. until you mad

steveooikp

4,689 posts

Posted by steveooikp > 2016-11-29 11:07 | Report Abuse

all this TP given by share expert....
damn .... when stock down.. their TP will be lowered...
share on uptrend... the TP very damn high...
easy job... can introduce me a part time job...
1 day only spend few mins can bullshit.

steveooikp

4,689 posts

Posted by steveooikp > 2016-11-29 11:27 | Report Abuse

share market no good...
profit use.
contract award also no use.

SHQuah

5,363 posts

Posted by SHQuah > 2016-11-29 13:48 | Report Abuse

Steveooikp.........When is the Aramco billions contract ?
Where u get the news ?

steveooikp

4,689 posts

Posted by steveooikp > 2016-12-06 16:21 | Report Abuse

nobody in this counter?

Kris Wong

433 posts

Posted by Kris Wong > 2016-12-06 17:10 | Report Abuse

most O&G counters have similar price trend, hope oil price recovers faster soon, maybe by next year !!!

steveooikp

4,689 posts

Posted by steveooikp > 2016-12-09 13:10 | Report Abuse

aiyo....

SHQuah

5,363 posts

Posted by SHQuah > 2016-12-09 16:39 | Report Abuse

oil coming......buy fast

steveooikp

4,689 posts

Posted by steveooikp > 2016-12-10 08:58 | Report Abuse

barakah shd fly.
many projects.... good order book.

steveooikp

4,689 posts

Posted by steveooikp > 2016-12-10 11:31 | Report Abuse

PETRONAS --- nominated contractor....
Aramco --- contract..... coming...

SHQuah

5,363 posts

Posted by SHQuah > 2016-12-13 11:21 | Report Abuse

bosses sleeping

SHQuah

5,363 posts

Posted by SHQuah > 2016-12-14 16:51 | Report Abuse

Election is coming.
Tabung Haji, PNB & EPF need a lot of $$ to support government for Election.
They need push the stock market price up to get voter confident.
2017 is going to be a very good year for oil and Gas stocks.

steveooikp

4,689 posts

Posted by steveooikp > 2016-12-19 08:38 | Report Abuse

when is barakah going up?
those profit need to released...

steveooikp

4,689 posts

Posted by steveooikp > 2016-12-19 14:14 | Report Abuse

nik .... got so many barakah stocks....
when he is going to goreng...

he bought from 1.4x till 6x sens.....

JN88

11,670 posts

Posted by JN88 > 2016-12-20 22:38 | Report Abuse

Going up soon.....ROE =Positive still can earn money

JN88

11,670 posts

Posted by JN88 > 2016-12-20 22:39 | Report Abuse

Simply can up to RM 1....in this kind of situation and condition still can earn money

steveooikp

4,689 posts

Posted by steveooikp > 2016-12-21 17:31 | Report Abuse

barakah will be positive for sure... only more or less...bcos good order book mah

steveooikp

4,689 posts

Posted by steveooikp > 2016-12-21 17:32 | Report Abuse

see this type of worst oil period still can profit... not bad already....
other o&g counters, aldy kns... barakah still profit...
so what do u expect?

steveooikp

4,689 posts

Posted by steveooikp > 2016-12-23 13:19 | Report Abuse

Write a comment..INTRODUCTION

Barakah Offshore Petroleum Berhad ("Barakah" or the “Company") is pleased to announce that its wholly-owned subsidiary company, PBJV Group Sdn Bhd (“PBJV”), has received the Letter of Award from MURPHY Sabah Oil Co. Ltd. and MURPHY Sarawak Oil Co. Ltd. (“MURPHY”) for the Provision of Production Riser Tensioner Overhaul, Maintenance and Upgrade for MURPHY Production Operations (“Contract”).



INFORMATION ON THE CONTRACT



Kikeh Production and Drilling Riser Tensioner (“PRT & DRT”) system is a critical component of Single Point Anchor Reservoir/Dry Tree Unit (“SPAR/DTU”). PRT & DRT is vital in maintaining the stability of SPAR and wellhead riser. The Contract involves the overhaul of Kikeh DTU to like new condition, and the modification and improvement of PRT to extend the service life.



FINANCIAL EFFECTS


The Contract value is around RM20.0 million for a duration of two years with an option for extension of one year; from expected commencement in December 2016. The Contract is expected to contribute positively towards the earnings and net assets per share of Barakah Group for the duration of the Contract.



RISK FACTORS

Risk factors affecting the Contract include, but not limited to, execution risks such as availability of skilled manpower and materials and changes in prices of materials. Barakah Group has, throughout the years, established its track record and expertise to undertake such projects.

steveooikp

4,689 posts

Posted by steveooikp > 2016-12-23 13:20 | Report Abuse

barakah keeps on getting contracts....
but share price stagnant and fell so much...
can't understand.

SHQuah

5,363 posts

Posted by SHQuah > 2016-12-23 15:06 | Report Abuse

KUALA LUMPUR (Dec 23): Barakah Offshore Petroleum Bhd's wholly-owned subsidiary PBJV Group Sdn Bhd has secured a contract from MURPHY Sabah Oil Co Ltd for the provision of production riser tensioner overhaul, including maintenance and upgrade works.

In a filing to Bursa Malaysia today, the group said the contract is valued at around RM20 million for a duration of two years with an extension option of one year, commencing December 2016.

"Kikeh Production and Drilling Riser Tensioner (PRT & DRT) system is a critical component of Single Point Anchor Reservoir/Dry Tree Unit (SPAR/DTU). PRT & DRT is vital in maintaining the stability of SPAR and wellhead riser.

"The contract involves the overhaul of Kikeh DTU to like new condition, and the modification and improvement of PRT to extend the service life," said Barakah.

It expects the contract to contribute positively towards the earnings and net assets per share of the group.

Barakah was untraded as at 12.30pm. The counter was last traded at 66 sen, translating to a market capitalisation of RM544.6 million.

steveooikp

4,689 posts

Posted by steveooikp > 2016-12-27 08:58 | Report Abuse

no use one lah.
nobody notice barakah.
wait for o&g recoever, then they know.
amarco project...

SHQuah

5,363 posts

Posted by SHQuah > 2016-12-28 10:48 | Report Abuse

Feng Shui master from Hong Kong say 2017 is the year or oil & Gas stocks.

SHQuah

5,363 posts

Posted by SHQuah > 2016-12-29 11:12 | Report Abuse

ear end window dressing
Icon to break - 0.40
Alam - 0.30
SKPetro - 1.80
Perisai - 0.12
Waseong - 0.85
Barakah - 0.70

steveooikp

4,689 posts

Posted by steveooikp > 2016-12-29 11:16 | Report Abuse

this barakah... aiyo...
got good order book...
contract keep on coming in....
still profitable...
if o&g improve, barakah got more contracts coming in...
Aramco in RAPID soon.. so barakah will hv more contracts...

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-02 14:59 | Report Abuse

volume increase, I hope you are cumming....

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-02 15:00 | Report Abuse

more news cumming.... PETRONAS appointed contractor.... for P&I contractor....
Aramco.... also cumming to PETRONAS.....

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-04 08:09 | Report Abuse

this is better than armanda...
armanda starts to take off...
barakah will be cumming .....
see the word barakah... same as bukkake..... explore...

steveooikp

4,689 posts

Posted by steveooikp > 2017-01-04 15:22 | Report Abuse

lai lai lai....
USD to MYR... now 4.50
so the diff now must built into the share price...
so share price must increase.....
70 sen lai lai

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