Posted by Alexloc04 > 2021-02-02 21:34 | Report Abuse

Tnrw start jumping up.
Up ip up

Posted by nikicheong > 2021-02-02 22:27 | Report Abuse

Results are out in 3 weeks time.

Important bits:

1. Idle vessel costs...can sell or redeploy? Especially Armada Claire.

2. Loan payments that are due. Can refinance?

3. What’s happening with Armada Sterling V...is it still on?

Posted by meadow1628 > 2021-02-03 07:36 | Report Abuse

Oil price hits highest in a year as producers limit supply
Wednesday, 03 Feb 2021 6:45 AM MY
https://www.thestar.com.my/business/business-news/2021/02/03/oil-price-hits-highest-in-a-year-as-producers-limit-supply

NEW YORK: Oil prices rose 2% on Tuesday, reaching their highest in 12 months after major producers showed they were reining in output roughly in line with commitments.
The global and U.S. crude benchmarks rallied as optimism about more U.S. economic stimulus added to bullishness from OPEC production levels, which rose less than expected in January.
Brent crude settled up US$1.11, or 2%, at $57.46 a barrel, its third straight day of gains. During the session, it touched $58.05, the highest since January last year.
U.S. oil gained $1.21, or 2.3%, to close at $54.76, after hitting a session high of $55.26, the highest in a year.
Both contracts traded higher after the settlement, after the American Petroleum Institute, a trade group, said oil and fuel inventories were lower on the week.
Crude output from the Organization of the Petroleum Exporting Countries rose in January for a seventh month but the increase was smaller than expected, a Reuters survey found.
Voluntary cuts of 1 million barrels per day by OPEC's de facto leader, Saudi Arabia, are to be implemented from the beginning of February through March.
Russian output increased in January, in line with the OPEC+ pact, while in Kazakhstan, oil volumes fell for the month.
The rally picked up steam as the U.S. Congress looked ready to adopt an economic stimulus package, and as cold U.S. weather boosted heating oil demand.
"You got the U.S. economic stimulus package that no one thought we would get," said Bob Yawger, director of energy futures at Mizuho in New York.
The Democratic-led U.S. House of Representatives prepared to take the first step forward on President Joe Biden's $1.9 trillion COVID-19 relief package.
A cold snap and heavy snow in the U.S. Northeast drove the margin for heating oil to an 8-month high of $15.84, lending further support to crude.
U.S. distillate fuel stockpiles, including heating oil, fell in the latest week, according to the API. The group said gasoline and crude stockpiles also fell. Government figures are due to be released at 10:30 a.m. EST on Wednesday.
However, energy giant BP flagged a difficult start to 2021 amid declining product demand, noting that January retail volumes were down about 20% year-on-year, compared with a decline of 11% in the fourth quarter.
Oil demand is nevertheless expected to recover in 2021, BP said, with global inventories seen returning to their five-year average by the middle of the year.
- Reuters

Posted by meadow1628 > 2021-02-03 09:13 | Report Abuse

Yes, Armada lai liao lai liao...
Now already traded at 0.345 +0.015 +4.6%

Heng ah, Ong ah, Huat ah !

Posted by dusti > 2021-02-03 09:25 | Report Abuse

Brent now is 57.82. Jump on board ARMADA

Posted by strattegist > 2021-02-03 09:57 | Report Abuse

green

Posted by Bluey > 2021-02-03 11:57 | Report Abuse

Hey there who is putting knee on ARMADA’ throat? Please ease off so it can live again

Posted by HannahM > 2021-02-03 12:19 | Report Abuse

Why sell now when we can meet at 40cent at least...come on

Posted by strattegist > 2021-02-03 13:08 | Report Abuse

relax

Posted by Robert Waters > 2021-02-03 16:22 | Report Abuse

If I am reading it right, OIL PRICE is above US$58 !!!!

And holding.

It is higher than a year ago. Before crisis.

This cannot be bad news for clients of BAB.

Posted by strattegist > 2021-02-03 16:30 |

Post removed.Why?

Posted by meadow1628 > 2021-02-03 18:11 |

Post removed.Why?

Posted by strattegist > 2021-02-03 19:24 | Report Abuse

good

Posted by Alexloc04 > 2021-02-03 20:15 | Report Abuse

meadow1628 Walaoeh, Oil price continue to rise ...
Brent now at $58.11 +0.31 +0.54%

03/02/2021 6:11 PM

Great.
Maybe big Ang Pau for Chinese NY.
0.48 b4 CNY.
OX coming, more good news

Posted by NPRA1985 > 2021-02-03 22:15 |

Post removed.Why?

Posted by vespa > 2021-02-03 22:26 | Report Abuse

what has this to do with Armada.hmmm

Posted by meadow1628 > 2021-02-03 23:26 |

Post removed.Why?

Posted by Ivan89 > 2021-02-03 23:53 | Report Abuse

40sen

Posted by strattegist > 2021-02-04 08:25 | Report Abuse

ready

Posted by meadow1628 > 2021-02-04 08:48 | Report Abuse

Argus Live: Crude prices could surge to $80/bl in 2021
Published date: 27 January 2021

https://www.argusmedia.com/en/news/2181082-argus-live-crude-prices-could-surge-to-80bl-in-2021

Global crude prices could soar to $80/bl this year because of severe inventory shortages and rising demand, but US shale producers are unlikely to ramp up production, a panel of experts told the Argus Live Crude Summit today........

Posted by strattegist > 2021-02-04 09:14 |

Post removed.Why?

Posted by meadow1628 > 2021-02-04 09:38 | Report Abuse

Armada lai liao lai liao ...
Now already at traded at 0.355 +0.01 +2.9 %
Heng ah, Ong ah, Huat ah !

Posted by Robert Waters > 2021-02-04 09:57 | Report Abuse

When price of Brent Oil Crude was $55 last year, BAB was 0.55 myr. Delayed this year but it is coming back soon ...

Posted by nikicheong > 2021-02-04 10:05 | Report Abuse

Wow what is happen to beloved armada

Posted by HannahM > 2021-02-04 11:03 | Report Abuse

Come Armada baby, 40cent at least before CNY. Give us all ang pao.

Posted by hng33 > 2021-02-04 11:31 | Report Abuse

sold armanda at 35sen

Posted by MM78 > 2021-02-04 13:02 | Report Abuse

Sustainable good oil price may translate to more OSV being chartered by oil companies so less chance of impairment while the FPSO makes money for the Company. Should the qtrt DEC makes more than RM 100 millions NOP, my guesstimate and hope is Armada price may hit 40 Cents . I am holding my breath for now...... come end Feb when quartery results are out ......

Posted by dusti > 2021-02-04 15:45 | Report Abuse

Brent is58.96 now. If you want ang pow be patient. Coming

Posted by strattegist > 2021-02-04 16:34 | Report Abuse

pegun

Posted by nikicheong > 2021-02-04 17:09 | Report Abuse

Guys, something might be afoot. The FPSO for ONGC 98/2 project has been named Armada Sterling V.

The FPSO under JV with Shapoorji Pallonji is named as following

Armada Sterling I in India
Armada Sterling II in India
Armada Sterling III in Indonesia
Armada Sterling V in India (under construction)

Soooo, the million dollar question is, why name it Armada Sterling V, rather than Armada Sterling IV. Did Bumi Armada and Shapoorji win a contract where the FPSO was named Armada Sterling IV but we don’t know about it? Perhaps a redeployment for Armada Claire? Hmmmm....

Posted by traintobullland > 2021-02-04 17:59 | Report Abuse

0.4 tomorrow go go go

Posted by strattegist > 2021-02-04 19:00 | Report Abuse

closed red

Posted by valueinves > 2021-02-04 20:00 | Report Abuse

https://investmiles.blogspot.com/2021/02/fpso.html

Posted by henry888 > 2021-02-05 07:35 | Report Abuse

crude oil - 56.52 +0.05 +0.09%

Posted by wehcant > 2021-02-05 07:45 | Report Abuse

Energy sector is not moving in tandem with Brent crude. So baffling.

Posted by Robert Waters > 2021-02-05 08:17 | Report Abuse

I translated the article of valueinves and it is not bad ...
________________________________________________
The full name of FPSO is Floating production storage and offloading. The Chinese explanation is offshore floating production and storage tankers. It is mainly used for the exploitation, processing, storage and transportation of offshore oil, natural gas and other energy sources. The main players in Malaysia are MISC, YINSON and ARMADA.

The history of FPSO offshore structure is very novel for the entire petroleum industry. The history of modern oil began in 1846, when Abraham Disner in Canada invented the method of extracting kerosene from coal. In 1846, Baku established the first modern oil well, and in 1861 the world's first oil refinery was established. At that time Baku produced 90% of the world's oil. Later, the Battle of Stalingrad was launched to capture the Baku oil field.

With the decline of land oil reserves and the increasing development of offshore oil exploration, FPSO has emerged. In 1976, Shell Petroleum Company converted a 59,000-ton old oil tanker into the world's first FPSO, which was used in the Mediterranean Castellon oil field in 1977. Because FPSO has the advantages of large oil storage, low investment, and transferability, it has developed rapidly.

FPSO is one of the industries with the heaviest assets in the offshore industry. The structure and process of FPSO are very complicated and expensive. The world has 70.8% of retrofit FPSOs and the remaining 29.2% are newly built. The cost of the modified FPSO will be relatively low, but it is generally only suitable for oilfield development tasks in shallow sea areas. With the discovery of deep-sea and ultra-deep-sea oil fields, the demand for new FPSOs will gradually increase. It is generally estimated that the cost of a new FPSO is not less than 1 billion US dollars.

Companies that build and modify FPSO hulls are mainly in China, South Korea, Singapore and Brazil. The three major FPSO operators in Malaysia are mainly renting and providing support services.


Malaysia is very competitive in this field. The disadvantage of the FPSO market is its high instability. The ups and downs of oil prices are very painful for operators. This is because the maintenance, depreciation and cost of an FPSO are very high. If the oil price is too low, the company will be severely hit. For example, Armada has repeatedly used debt restructuring to delay debt risk.

I think that after the epidemic is over, the demand for oil will naturally increase. At this time, the oil and gas industry will flourish. Next, I will also analyze the development prospects of Armada, Yinson and Misc. Friends who are interested can follow the Facebook homepage @大朋友投资录本 or Instagram @free_dominvestor to get the latest news.

Posted by stainlyho37 > 2021-02-05 08:57 | Report Abuse

soon u see the 0.40..watch out !!!

Posted by nashvz > 2021-02-05 09:10 | Report Abuse

wow oil price around $59 already ! DAYANG has alots to catch up !
dayang warrant c10 and warrant c11 now back in play. very cheap

https://www.argusmedia.com/en/news/2181082-argus-live-crude-prices-could-surge-to-80bl-in-2021

Posted by henry888 > 2021-02-05 09:33 | Report Abuse

crude oil 56.68 +0.45 +0.80%

Posted by nikicheong > 2021-02-05 09:34 | Report Abuse

What is wrong with oil counters on Bursa...

Posted by strattegist > 2021-02-05 09:44 |

Post removed.Why?

Posted by dusti > 2021-02-05 10:12 | Report Abuse

Brent is 59.25 now, so where is ARMADA going?

Posted by PassBy2 > 2021-02-05 10:24 | Report Abuse

Maybe Armada up, once Brent down.. ???

Posted by serpent100 > 2021-02-05 10:35 | Report Abuse

U all need do wat gamestop do

Posted by meadow1628 > 2021-02-05 10:36 |

Post removed.Why?

Posted by meadow1628 > 2021-02-05 10:46 | Report Abuse

Armada lai liao lai liao ...
Now already at traded at 0.355 +0.01 +2.9 %
Heng ah, Ong ah, Huat ah !

Posted by nikicheong > 2021-02-05 11:12 | Report Abuse

No hope

Posted by nikicheong > 2021-02-05 11:12 | Report Abuse

But...it is darkest before dawn!

Posted by nikicheong > 2021-02-05 11:13 | Report Abuse

Need to wait for the investment banks to release a sector update for the oil and gas sector. Once the funds see it, then they will buy the oil and gas counters.

Posted by armadatuah2017 > 2021-02-05 11:41 | Report Abuse

it will back to bull once rollout of vaccination in March