Posted by vespa > 1 month ago | Report Abuse

https://www.businesstoday.com.my/2024/11/16/gain-for-misc-with-bumi-armada-synergy/

Posted by sheldon > 1 month ago | Report Abuse

TQ vespa.
The last sentence was from MISC's perspective hence opposite for BAB.

Posted by nikicheong > 1 month ago | Report Abuse

https://www.pharos.energy/investors/press-releases/vietnam-production-licence-extensions-granted/

The TGT block has been granted a 5-year license extension to 2031! This is good news, as the Armada TGT FPSO's lease was recently extended to 2026. There is a potential 5 additional years of extension to come in the future.

Posted by sg999 > 1 month ago | Report Abuse

Game over???

Posted by Robert Waters > 1 month ago | Report Abuse

About a month ago, CEO of Sapura Energy resigned. Stock went up 50%. From 3 to 4.5 sen. (back to usual now). Imagine the reward for shareholders if Greedy Gary resign. One can only dream.

Posted by shocklim > 1 month ago | Report Abuse

@ Robery Waters

Has Gary done a good job as CEO?

I guess so as he has brought the company from the red into the black

And from billions of debt to what it is today

Can he do any better by getting new and additional contracts?

Yes

But are we sure a new CEO can do any better.

Sometimes it is better to deal with the devil we know than the angel we do not.

Anyways, just my 2 sen worth of opinion as i am not as knowlegable as you and NikiCheong

Posted by vespa > 1 month ago | Report Abuse

Armada’s future would lift off with Petronas being the benefactor.. Hopefully the merger takes place with MISC’s outfit.

Posted by sg999 > 1 month ago | Report Abuse

TIME TO ALL IN！！！ 0.78 a t least!!!

Posted by Just88 > 1 month ago | Report Abuse

Nikicheong, any estimate on the potential impairments amount in Q4 ? Thanks

Posted by Just88 > 1 month ago | Report Abuse

what is the current book value for armada kraken ?

Posted by nikicheong > 1 month ago | Report Abuse

Just88 no estimate. It’s a management overlay, they can pluck any figure. If I had to guess, something in the region of rm200mil.

Posted by Just88 > 1 month ago | Report Abuse

Nikicheong, thank you for your opinion. Any idea what is the current book value of karken ?

Posted by Robert Waters > 1 month ago | Report Abuse

Happy New Year 2025 Everyone.

Posted by vespa > 1 month ago | Report Abuse

I echo your greetings Mr Waters

Posted by nikicheong > 1 month ago | Report Abuse

Blessed new year to everyone! May the new year beckon positive developments at Bumi Armada.

Posted by TimCoke > 1 month ago | Report Abuse

signaling

Posted by alivetoinvest > 1 month ago | Report Abuse

Astro Next

Posted by Robert Waters > 1 month ago | Report Abuse

That was one BIG Dump. I was just selling some at 0.67 looking at transactions when I saw dozens of selling notifications bring it down to 0.655 with see of red flowing in. Somebody crystallized his profit.

Posted by TimCoke > 1 month ago | Report Abuse

buy low

Posted by MarketNavigator > 1 month ago | Report Abuse

Can't consider current price is low liao

Posted by TimCoke > 1 month ago | Report Abuse

sold some, lets see how later

Posted by Robert Waters > 1 month ago | Report Abuse

l have been selling over past few days. There is still possibility of this company shares to go up. But I had it for too long. Greedy Gary, green initiatives that never materialize, impairments every few years ... all of that wears me out.

Posted by nikicheong > 4 weeks ago | Report Abuse

A wise move, Master Robert

Posted by Sovereign > 3 weeks ago | Report Abuse

Wait for the merger with MISC. It is a shame after holding for so long and left just before the dawn of a new beginning.

Posted by Robert Waters > 3 weeks ago | Report Abuse

The price has already appreciated ... my order to sell at 0.68 awaits. But a lot more to sell at even higher price. Seems there is some development that insiders know, but we have no idea of.

Good action today.

Posted by TimCoke > 3 weeks ago | Report Abuse

last boost

Posted by TimCoke > 3 weeks ago | Report Abuse

its like many retails buying at "high" point is it

Posted by Noni > 3 weeks ago | Report Abuse

Going back to 0.65 ?

Posted by ITreeinvestor > 3 weeks ago | Report Abuse

2. Golden Age of the FPSO cycle

2.1 Strong global FPSO outlook
Rystad Energy estimates that total offshore upstream Oil & Gas and CCS
investments to grow at a 5% CAGR from 2023 to 2027E, where the bulk of
the growth would come from greenfield and brownfield capex – see Figure
4. In 2024-2030E, deepwater (125-1,500m) and ultra-deepwater (>1,500m)
will spearhead offshore liquids production growth at an estimated CAGR of
2.2% and 8.0% each

FPSOs are often the most popular/feasible option for developing oil & gas
fields in such depths as pipeline installation/construction can be extremely
expensive and technically challenging. While FPSOs are not exclusively used
in deepwater and ultra-deepwater, they are particularly well-suited for
these environments due to their ability to handle their unique challenges
and complexities.

We think the FPSO market is currently in the “Golden Age” due to a robust
global tender pipeline – with an expected 60 awards from 2024-2028E
(source: Energy Maritime Associates).

Posted by Robert Waters > 3 weeks ago | Report Abuse

Ah, on a day like today we would have a few dozen messages during the trading about the action a couple of years ago. And of course more comments in the evening. How things changed. But maybe it is the normal run of things that only the very patient stay long enough to be rewarded.

Posted by Sovereign > 3 weeks ago | Report Abuse

Serious money can only be made with plenty of patient.

Posted by vespa > 3 weeks ago | Report Abuse

Quite right Sovereign, but with a qualifier; with good governance and transparent management.

Posted by TimCoke > 2 weeks ago | Report Abuse

M&A $ < 0.6

Posted by 696988 > 2 weeks ago | Report Abuse

Tim..... do you have the M&A link?

Posted by RayLee > 2 weeks ago | Report Abuse

I thought Armada would move up today since oil price rose to $80 per barrel ...

Posted by TimCoke > 2 weeks ago | Report Abuse

watchout, pls

Posted by TimCoke > 2 weeks ago | Report Abuse

I don’t have the link. Hopefully, it’s not triggering the institutional selling

Posted by 696988 > 2 weeks ago | Report Abuse

nvm, I sold all already, too tired to hold anymore at least earn some angpau money.

Posted by TimCoke > 2 weeks ago | Report Abuse

good la, gxfc

Posted by vespa > 2 weeks ago | Report Abuse

taking some off the table (profit) never hurts

Posted by 696988 > 2 weeks ago | Report Abuse

thank you haha

Posted by Robert Waters > 2 weeks ago | Report Abuse

I also sold some, but majority of stake I am still holding. Looking for new bargains. This does NOT look like a bargain any more. Rather a peaking stock that may still have a bit of upward move to go. Cheers.

Posted by Vincenzo888 > 1 week ago | Report Abuse

FPSO contractors lining up for replacement of sizeable Malaysian floater
PTTEP recently floated a tender for a replacement FPSO for the Kikeh field offshore Malaysia from 2028.

I believe Bumi Armada and MISC JV could won this PTTEP's Kikeh PFSO replacement project. This is deep water oil field offshore Sabah. Not many companies have this experience.

Posted by TimCoke > 1 week ago | Report Abuse

good luck

Posted by nikicheong > 1 week ago | Report Abuse

Bumi Armada will be formally awarded the Kojo PSC in Indonesia within the next 2 to 3 months. It's located offshore Makassar Strait, and the block is offered under a direct offer with cost recovery terms.

Posted by Gabriel Khoo > 1 week ago | Report Abuse

https://www.upstreamonline.com/field-development/attractive-fpso-opportunity-comes-up-in-malaysia/2-1-1768858

Posted by Gabriel Khoo > 1 week ago | Report Abuse

Can share the detail of this?

Posted by TimCoke > 5 days ago | Report Abuse

Don’t panic ya, collect more at low and lower

Posted by calvintaneng > 5 days ago | Report Abuse

TRUMP DRILL BABY DRILL WILL CAUSE CRUDE PRICE TO FALL

AVOID ALL OGSE OIL STOCKS NOW

https://www.youtube.com/watch?v=xSfg0qTBCHQ

Posted by Gabriel Khoo > 2 days ago | Report Abuse

https://t.maybank-ib.com/redir.html?q=4GYeUsTK58RFKVAnZI9G9fB4FHy6hLbIvTqNOQ1VAuc&r=ADkIbDeh5hYTganCK0vwZrAO2EHxgGdCCMfuRr-h4lvWZPHx8Kks6POwUM-CF3FoPwCq7gMY9HnwTywndn8cRA