Posted by Mikecyc > 2021-07-08 09:04 |

Post removed.Why?

Posted by JoshuaMS7 > 2021-07-08 10:27 | Report Abuse

cut loss at 0.445 and waiting below 0.400 while market crash and politic uncertainty!!

Posted by Micias84 > 2021-07-08 11:52 | Report Abuse

No need to worry.. still on track...hold tight...all political issue temporary...armada will hit 0.60 very soon

Posted by strattegist > 2021-07-08 13:09 | Report Abuse

red

Posted by strattegist > 2021-07-08 13:09 | Report Abuse

merah

Posted by Macgyver11 > 2021-07-08 13:37 | Report Abuse

https://finance.yahoo.com/m/d949dca4-d321-3a98-b9d6-b7d3516d969a/api-data-show-u-s-crude.html

Posted by Macgyver11 > 2021-07-08 13:44 | Report Abuse

Crude oil inventory getting lower....soon demand over the supply. As for now oil price will pullback slightly before rebounsing back. Armada also bidding for Limbayong project where chances a likely very high to win.

Posted by Bon888 > 2021-07-08 14:20 | Report Abuse

OMG! Oil price dropped below 75 continue downtrend! Run ah, Run ah, Run for your life!

Lembik, Merah, Red and Soft semua ada! :D

Posted by JoshuaMS7 > 2021-07-08 15:12 | Report Abuse

see the trend should breaking 0.435 and go lower today!! Run!

Posted by JoshuaMS7 > 2021-07-08 15:49 | Report Abuse

Breaking 0.425!! Hope can get 0.400!!

Posted by strattegist > 2021-07-08 16:22 | Report Abuse

tulun tulun hey

Posted by strattegist > 2021-07-08 16:23 | Report Abuse

melah melah hey

Posted by JoshuaMS7 > 2021-07-08 16:28 | Report Abuse

hope tonight us big crash then tomoro armada start from 0.400!!

Posted by Mikecyc > 2021-07-08 16:52 |

Post removed.Why?

Posted by Mikecyc > 2021-07-08 16:53 |

Post removed.Why?

Posted by ken2004 > 2021-07-08 17:07 | Report Abuse

Seriously, is oil price or the politics causing this......

Posted by ZackMaz > 2021-07-08 17:08 | Report Abuse

very undervalue stock...turun lagi boleh beli lagi...

Posted by risingstar21 > 2021-07-08 17:17 | Report Abuse

Aisehh

Bumi also red
Everywhere also red

No green counter today?

Posted by Macgyver11 > 2021-07-08 17:17 | Report Abuse

Not the oil price...uncertainty.in our political. Market sentiment follow, fear selling.

Posted by strattegist > 2021-07-08 18:45 | Report Abuse

closed red

Posted by strattegist > 2021-07-08 18:45 | Report Abuse

tutup merah

Posted by Macgyver11 > 2021-07-08 20:12 | Report Abuse

ROS luluskan parti perjuang atuk..atuk moving the chess now. Mcm mcm politic. Atuk Akan bawa cukup majority dengan syarat....no need to say lor you all know already

Posted by hng33 > 2021-07-08 22:10 | Report Abuse

Armanda is cheapest oil stock, Q1EPS 2.77sen, annulize 11sen, PE 3.8x

In additional, oil operation unaffected by MCO and profit is in USD.

Posted by Mikecyc > 2021-07-08 22:29 | Report Abuse

Kraken is built to produce 80,000 bopd , now 47,000 only , then is ard 26,400 only.. Latest is 35,000 in 2020....


anyone know what is 2021 output ??

Posted by Mikecyc > 2021-07-08 22:44 | Report Abuse

Eleven (11) vessels were disposed of in Q1 2021.
• Balance sixteen (16) vessels remaining as at 31 March 2021.

Posted by Mikecyc > 2021-07-08 22:45 |

Post removed.Why?

Posted by Mikecyc > 2021-07-08 22:46 |

Post removed.Why?

Posted by Mikecyc > 2021-07-08 22:49 | Report Abuse

Lower Vessel availability ?? Then why selling vessels ??? or due to FPSO output ..

Posted by hng33 > 2021-07-08 23:27 | Report Abuse

lower FPSO vessel availability is because of planned maintenance in Feb, therefore, lower down efficiency in operation.

selling 11 vessel is OPV, which is support offshore support vessel which is currently loss making. Disposal of such loss making offshore support vessel is timely to focus only on profit making vessel, FPSO and also trim down debt.

Posted by Mikecyc > 2021-07-09 09:47 |

Post removed.Why?

Posted by Mikecyc > 2021-07-09 09:56 |

Post removed.Why?

Posted by hng33 > 2021-07-09 10:32 | Report Abuse

Maintenance cost won't affect much on profit, it is time length needed for maintenance as it direct affect no of day on vessel availability for operation.

In additional, get rid of loss making offshore support vessel that often offset profit in FPSO will boost higher profit. disposal of loss making vessel also result lower interest expense that erode profit. Weakness in RM also boost higher profit from US operation profit

Posted by Mikecyc > 2021-07-09 11:10 | Report Abuse

Kraken is built to produce 80,000 bopd , now 47,000 only , then is ard 26,400 only.. Latest is 35,000 in 2020....

Average gross production at the Kraken field in 2020 was 37,518 Boepd was c.5% higher than in 2019 and ahead of the top end of EnQuest's guidance.

Posted by Mikecyc > 2021-07-09 11:18 |

Post removed.Why?

Posted by hng33 > 2021-07-09 11:34 | Report Abuse

The Kraken field is estimated to hold reserves of 137 million barrels of heavy oil, with an anticipated field life of 25 years. At its peak, it is expected to produce more than 50,000 barrels per day (bpd).

It is no uncommon to design FPSO above targeted production. The efficiency so far is around 88%.

Posted by Bon888 > 2021-07-09 11:52 | Report Abuse

@Mikecyc you bought Armada before and cut lost? Share your experience please.

Posted by strattegist > 2021-07-09 11:57 | Report Abuse

green

Posted by strattegist > 2021-07-09 11:57 | Report Abuse

hijau

Posted by Bon888 > 2021-07-09 11:58 | Report Abuse

Kraken

During the first four months of 2021, average gross production was 32,183 Bopd, in line with 2021 full year guidance of between 30,000 and 35,000 Bopd (21,150 and 24,675 Bopd net). The floating, production, storage and offloading vessel continues to perform well, with production efficiency of 86% and water injection efficiency of 89%. A tether was successfully replaced in March, with the field shut in for approximately three days. Subsurface and well performance remains good, with aggregate water cut stable.

OK ma, stable Kraken operation. If continue this trend Armada will record continues profit in coming quarters.

Posted by strattegist > 2021-07-09 11:58 | Report Abuse

steady

Posted by Mikecyc > 2021-07-09 12:24 |

Post removed.Why?

Posted by Mikecyc > 2021-07-09 12:26 | Report Abuse

And Kraken cost per barrel is most high than other FPSO...

Posted by Mikecyc > 2021-07-09 12:30 | Report Abuse

2019 : sold FPSO Perdana..2020 : sold 5 vessel ..2021 Q1 : sold 11 vessel...

Posted by Macgyver11 > 2021-07-09 12:30 | Report Abuse

0.60 mari..

Posted by Mikecyc > 2021-07-09 12:32 | Report Abuse

Hsha FPSO Claire which buy time lost court case is modify ke ??

Posted by strattegist > 2021-07-09 13:31 | Report Abuse

green

Posted by Bon888 > 2021-07-09 15:25 | Report Abuse

@Mikecyc you zoom into negative things.

Look at RM 327 million cash flow generated from operation.

Look at the price on uptrend since Nov, 2020.

Whatever Armada disappointed you in the past already a history. Look into the future. Oil on bullish trend now, pick a good oil and gas counter and ride on it.

Any good oil and gas counter beside Armada, please share here. Thanks!

Posted by risingstar21 > 2021-07-09 15:39 | Report Abuse

Slightly green day for Bumi

Ok

Posted by Macgyver11 > 2021-07-09 17:02 | Report Abuse

Bumi always green..wait patiently until oil hit 80, more green coming. 0.60 mari

Posted by strattegist > 2021-07-09 20:20 | Report Abuse

closed green