Next quarterly profit could possibly better than Qtr2 without impairment, lesser depreciations with more OSVs sold , less interest expense given its aggressive loan repayment lately. NOP may touches RM 200 million +, Armada would go beyond the 60 sens
Yeah, now that oil has reached USD82, the next quarter shows some solid profit at least more than RM500 mill, thereafter at least continuously the next 2 quarters of good profit could drive the price up to RM1 for a start. Watch for boss and funds to drive up the price.
MM78 Next quarterly profit could possibly better than Qtr2 without impairment, lesser depreciations with more OSVs sold , less interest expense given its aggressive loan repayment lately. NOP may touches RM 200 million +, Armada would go beyond the 60 sens 05/10/2021 5:11 PM
current low price was posed by debt issue. Armada have managed to pare down his debt lately, balance sheet become more healthy going forward. but share price still relatively low even company continue reported increasing profit and cashflow, reduce debt .
Hold this stock over the next few years and you will be richly rewarded. It has all the qualities to rise up again. A KLCI component stock previously. Don't sell for peanut profit. Balance sheet is looking good and debts are coming down real fast. Oil prices will stay firm with more countries opening up soon for travel, cheers.
WTI is off peak from 79.53 and fluctuate down at posting its 79.03.
Royal Dutch Shell on Monday said it has restarted production at its Olympus platform in the Mars Corridor in the Gulf of Mexico following repairs to portion of its West Delta 143 offshore facility in the aftermath of Hurricane Ida. [thats 4 Oct]
The oil and gas rig count, an early indicator of future output, rose seven to 528 in the week to Oct. 1, its highest since April 2020, energy services firm Baker Hughes Co said in its closely followed report on Friday.
LOOP reopened on Sept. 10, and on September 20 serviced its first vessel after the storm, tanker Eagle Bintulu, which discharged about 600,000 barrels of Urals crude loaded at the Russian Baltic port of Ust-Luga, according to Refinitiv Eikon tanker tracking data.
Three-quarters of global energy demand is still met by fossil fuels, with less than a fifth by non-nuclear renewables. The rest will be coming from our Plantation Bio Fuel and Malaysia is the 2nd Biggest Exporter of Palm Oil.
Crude palm oil (CPO) futures price rose to RM5,000 a tonne for the first time on Tuesday. Our palm oil exports is expected to grow by 39% m-o-m and 0.3% y-o-y in September 2021 to 1.62 million tonnes, likely due to higher exports to India, China and the EU (European Union)
Meanwhile Fossil Energy prices continue to surge to fresh records as renewed fears stoke panic of the worst shortage in decades. India has warned it has only four days of coal reserves left, German power plants are running out of fuel and China just unloaded an Australian coal shipment despite an import ban and icy relations. Supply is just not there as economies rebound from a pandemic-induced lull, while problems like logistical logjams and transport bottlenecks are adding to the pressure.
Bigger picture: OPEC+ didn't come to the rescue yesterday as the group decided to continue its original plan of gradually releasing 400,000 additional barrels of oil per month. That's despite calls from world leaders, including the White House, to bring more crude on to the market and keep a lid on prices.
It's looking good guys from both Frontiers. Mabel Energy Battleships and Supertankers as well as Bio Fuel Plantation are cruising at full speed.
the Academy Award actors are OPEC+ and those US Hedge Funds together with US oil news reporters crying shortage of oil. While doing this they bought crude oil steadily until high high.
Balloon of lies only punctured when the US American Petroleum Institute reported huge crude oil inventory build up.
Border opening soon and once aviation/tourism business kicks off...walaoeh! There will be huge demand for oil .Then all upstream players become hefty rich. Haley luya!!!
I think those US Hedge Funds tried to pre-empt / front run this idea
but the API data shows huge crude oil stocks increases = > consumption not take off yet...
Macgyver11 Border opening soon and once aviation/tourism business kicks off...walaoeh! There will be huge demand for oil .Then all upstream players become hefty rich. Haley luya!!! 06/10/2021 4:36 PM
Supposed to break 50 today but due to profit taking our ship Bumi Armada harbour first @ 48/485. Nevermind there's always tomorrow. Tomorrow another good green day for Armada...walaoeh!!!
i3lurker I think those US Hedge Funds tried to pre-empt / front run this idea
but the API data shows huge crude oil stocks increases = > consumption not take off yet...
Macgyver11 Border opening soon and once aviation/tourism business kicks off...walaoeh! There will be huge demand for oil .Then all upstream players become hefty rich. Haley luya!!! 06/10/2021 4:36 PM
Don't absolutely believed in USA news..USA no 1 crooked.
keep a glance on the S&P500 as well. Its corelated purely on the basis that it is the same group of US Gamblers play 2 holes
Standard Chartered Bank had done a research on S&P500 corelation with crude oil price and its 100% corelated.
the other Rational thinking is that when earnings are down => business is down when business is down => then industries will not consume so much oil as well.
Developed countries especially Europe banned coal energy, shutting down old nuclear power plants and sanctioned Russian new gas pipeline to Germany and lower OnG exploration & development activities during Covid pandemic. Now it time to pay for higher oil and gas price.
#Macgyver11 Supposed to break 50 today but due to profit taking our ship Bumi Armada harbour first @ 48/485. Nevermind there's always tomorrow. Tomorrow another good green day for Armada...walaoeh!!! 06/10/2021 4:42 PM
#Bon888 Meow`s 1st night slowly and steady. In............Out............Up...........Down........Like Armada share price. 07/10/2021 10:23 AM
Relax it will cum....
The FBMKLCI Index skyrocketed yesterday on the back of strong buying interest in plantation names as the spot price for palm oil hit MYR5,000 for the first time in history. Despite mixed performance in the regional markets, the benchmark index gained 29.00pts or 1.89%, to end the day at 1,559.42, led by advances in SIMEPLT, DIALOG, KLK and IOICORP.
Meanwhile WTI crude prices have reached levels not seen since 2014 when a wave of U.S. shale oil hit the market and forced OPEC to take action.
What followed was a war of attrition between OPEC’s de-facto leader Saudi Arabia and the U.S. shale patch, in which Saudi Arabia burned through hundreds of billions of dollars in cash reserves and in which numerous shale companies drowned under a mountain of debt.
Eventually, the cartel decided to change course and began to cut production, effectively taking back control of the marginal barrel.
In 2021, after a failed oil price war and a devastating pandemic, an energy supply crunch is threatening the market… A bad scenario for consumers and governments, but potentially a great scenario for all energy producers...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Macgyver11
2,492 posts
Posted by Macgyver11 > 2021-10-05 16:57 | Report Abuse
Closed Green..top 5 in bursa. Very good.