Posted by i3lurker > 2021-12-30 10:05 | Report Abuse

be careful

oil supply > exceeded > demand for oil

current high oil price due to Republicans Hedge Funds pumping oil price just to fook Biden as election strategy to remove Democrats

Danger of oil price crash anytime is very possible

Posted by Sheng93 > 2021-12-30 12:50 | Report Abuse

It shld be happy new year to all that end with properous and begin with good start….whose believe that!

Posted by nikicheong > 2021-12-30 13:46 | Report Abuse

Lots to look forward to in the new year. To Bumi Armada shareholders', may this coming year be a prosperous year. So much in the pipeline, so much potential to still be realised. To RM1 and beyond in the new year!

Posted by strattegist > 2021-12-30 13:49 | Report Abuse

pegun

Posted by RCZ2020 > 2021-12-30 17:18 | Report Abuse

Going to be good. Hold

Posted by strattegist > 2021-12-30 17:22 | Report Abuse

closed flat

Posted by strattegist > 2021-12-31 17:58 | Report Abuse

closed flat 0.47

Posted by strattegist > 2021-12-31 17:58 | Report Abuse

Bye bye 2021

Posted by Mabel > 2021-12-31 18:59 | Report Abuse

To 2021..

You open up a lot of opportunities for me! Burp ..excuse me…

It was a crazy year, but hey, that was quite an adventure.

I’m excited for what 2022 has in store for me..

Thank you for being part of my 2021.

Anthony Fauci said Omicron can actually help to end the pandemic by displacing the delta variant.
Westerners with their big passion for science are quite optimistic about this. That's why their stock exchanges are making new highs. Today most of the Heath-care stocks are moving in the right direction..

May 2022 will be even more exciting and the greatest year ever.

To Our Success !

Dr Mabel Meow

Posted by Macgyver11 > 2021-12-31 19:16 | Report Abuse

Meow 2022

Posted by strattegist > 2022-01-01 09:06 | Report Abuse

Happy New Year 2022

Posted by Macgyver11 > 2022-01-01 09:17 | Report Abuse

https://amp.scmp.com/news/china/science/article/3161522/coronavirus-worst-stage-pandemic-may-end-2022-who-chief-says

Posted by RCZ2020 > 2022-01-02 20:26 | Report Abuse

Tomorrow armada will shoot up

Posted by sparrow > 2022-01-02 23:15 | Report Abuse

any details on the new contract?

------------------------------

nikicheong We can expect finalisation of new contract within the coming two months.
24/12/2021 4:35 PM

Posted by nikicheong > 2022-01-03 11:34 | Report Abuse

One is in India, 50-50 JV with Shapoorji. Will be finalised by Feb 2022.

Other possibilities are contract in the Caspian Sea and sale of Armada Claire.

Posted by strattegist > 2022-01-03 13:15 | Report Abuse

stable

Posted by Macgyver11 > 2022-01-03 13:57 | Report Abuse

Bumi Armada attempting to extend technical rebound, says RHB Retail Research
TheEdge Mon, Jan 03, 2022 07:13am - 6 hours


KUALA LUMPUR (Jan 3): RHB Retail Research said Bumi Armada Bhd attempted to extend its technical rebound.

In a trading stocks note today, the research housed said that the stock, on several occasions during the past week, tested the 47.5 sen immediate resistance.

“If the breakout happens, expect the momentum to propel the stock towards the next resistance of 49.5 sen, followed by 53 sen.

“In the event it drops below the 44.5 sen support, the stock may resume the downward movement,” it said.

Posted by strattegist > 2022-01-03 17:20 | Report Abuse

green 0.475

Posted by RCZ2020 > 2022-01-03 20:30 | Report Abuse

O&G counters to consider. Will move up soon

Posted by bullmarket1628 > 2022-01-04 06:30 |

Post removed.Why?

Posted by strattegist > 2022-01-04 09:48 | Report Abuse

steady

Posted by harisham74 > 2022-01-04 11:50 | Report Abuse

February gonna rock

Posted by RCZ2020 > 2022-01-04 18:38 | Report Abuse

Going good

Posted by strattegist > 2022-01-04 20:42 | Report Abuse

green 0.48

Posted by nikicheong > 2022-01-04 22:47 | Report Abuse

Bad news. Situation in India not looking good. First oil delayed by a further six months at least to Dec 2022 from June 2022 (which itself was already a delay from November 2021).

https://www.upstreamonline.com/exclusive/deep-water-challenge-ongc-s-5-billion-indian-development-delayed-as-key-projects-lag/2-1-1134271

Posted by Bon888 > 2022-01-05 00:00 | Report Abuse

Any Malaysia listed company really making money from India investment? AK lost few billions in India in 2018... Sien

Posted by bullmarket1628 > 2022-01-05 06:12 |

Post removed.Why?

Posted by bullmarket1628 > 2022-01-05 06:42 | Report Abuse

Oil ends up at $80/bbl as OPEC+ sticks with Feb output hike
https://www.reuters.com/markets/commodities/oil-prices-steady-ahead-opec-output-policy-meeting-2022-01-04/
By Arathy Somasekhar 6.35am 5-1-2022

* Brent almost back to Nov levels before first Omicron reports OPEC+ decision reflects easing concern of oil surplus
* U.S. State Department says Iran talks show modest progress
* POLL-U.S. crude stockpiles seen lower for sixth straight week
* Coming Up: Weekly API inventory data due at 2130 GMT

Jan 4 (Reuters) - Global benchmark Brent crudejumped on Tuesday to $80 a barrel, its highest since November, as OPEC+ agreed to stick with its planned increase for February based on indications that the Omicron coronavirus variant would have only a mild impact on demand.

Brent futures settled up $1.02, or 1.3%, at $80 a barrel, almost back to the level they were at on Nov. 26 when reports of the new variant first appeared, sparking a more than 10% decline in prices on that day.
U.S. West Texas Intermediate (WTI) crude rose 91 cents, or 1.2%, to $76.99.

"The oil market is bullish today as a result of optimism sourced from today's monthly OPEC+ meeting, which is helping oil prices trade higher," said Rystad Energy's head of oil markets, Bjornar Tonhaugen.
OPEC+, comprising of the Organization of the Petroleum Exporting Countries and allies, agreed to stick to its planned increase of 400,000 barrels per day (bpd) in oil output in February.
Its decision reflects easing concerns over a big surplus in the first quarter, as well as a wish to provide consistent guidance to the market. Crude stockpiles in the United States, the world's top consumer, were forecast to have dropped for a sixth consecutive week, analysts polled by Reuters estimated ahead of weekly industry data due at 4:30 p.m. EST (2130 GMT), followed by the government's report on Wednesday.
The White House welcomed the decision by OPEC+ to continue increases in production which will help facilitate economic recovery, a spokesperson said.
"It appears that the market is making the bet that Omicron is the beginning of the end of COVID-19," said Scott Shelton, an energy specialist at United ICAP.
In Britain, people being hospitalised with COVID-19 were generally showing less severe symptoms than previously.
While in France, the finance minister said some sectors were being disrupted by the surge of the fast-spreading Omicron variant, but there was no risk of it "paralysing" the economy and stuck to a forecast of 4% GDP growth in 2022.
Global manufacturing activity remained strong in December, suggesting Omicron's impact on output had been subdued.
However, analysts warned OPEC+ may have to change tack if tension between the West and Russia over Ukraine flares up and hits fuel supplies, or if Iran's nuclear talks with major powers make progress, which would lead to an end to oil sanctions on Tehran.
"We think these two events represent major wildcards that could quickly alter the price trajectory and test OPEC's rapid response mechanism," RBC analysts said in a note.
The U.S. State Department said talks with Iran have shown modest progress and that United States hopes to build on that this week.
Libyan output is likely to be about 500,000-600,000 bpd lower in the coming weeks, more than offseting the planned monthly increase in OPEC+ production, chief commodities economist at Capital Economics Caroline Bain said.

Libya's state oil firm said on Saturday oil output would be reduced by 200,000 bpd for a week due to maintenance on a main pipeline, adding to disruptions two weeks ago after militia blocked operations at the Sharara and Wafa oilfields.
However, Bain said Capital Economics remained of the view that as OPEC+ continues to raise production in the coming months and demand growth normalises, oil prices will come under downward pressure. Capital Economics' year end-2022 forecast for Brent crude is just $60 per barrel.

Posted by strattegist > 2022-01-05 15:27 | Report Abuse

stable

Posted by strattegist > 2022-01-05 17:32 | Report Abuse

red 0.475

Posted by bullmarket1628 > 2022-01-06 07:50 | Report Abuse

Today Armada probably will break above 0.50

Heng ah, Ong ah, Huat ah !

Posted by strattegist > 2022-01-06 10:34 | Report Abuse

soft

Posted by Macgyver11 > 2022-01-06 11:43 | Report Abuse

May day may day...back to ground zero

Posted by winmal > 2022-01-06 12:46 | Report Abuse

Oil price above USD 75.. armada should have generate good profit .... currently PE 4. very low as compare to Yinson PE 16

Posted by strattegist > 2022-01-06 17:25 | Report Abuse

flat 0.475

Posted by Mabel > 2022-01-06 17:50 | Report Abuse

#Bon888 Any Malaysia listed company really making money from India investment? AK lost few billions in India in 2018... Sien
05/01/2022 12:00 AM

The answer is Biofuel Plantation

Meow

Posted by RCZ2020 > 2022-01-06 20:48 | Report Abuse

Brent oil doing RM80. For sure O&G counters will move up

Posted by Bon888 > 2022-01-06 21:03 | Report Abuse

Brent reached USD 82.05. WTI breaking USD 80.
Give me some angpow money please!

Posted by bullmarket1628 > 2022-01-07 06:51 |

Post removed.Why?

Posted by bullmarket1628 > 2022-01-07 07:39 | Report Abuse

Oil extends rally on Kazakhstan unrest and Libyan outages 6.35am 5-1-2022
By Jessica Resnick-ault

https://www.reuters.com/markets/europe/oil-falls-one-month-high-opec-supply-plans-us-fuel-inventory-surge-2022-01-06/
* Russia moves paratroopers into Kazakhstan to quell uprising
* Libyan oil output down to 729,000 bpd, NOC says
* Market shrugs off U.S. fuel stock surge, OPEC+ output hike

NEW YORK, Jan 6 (Reuters) - Oil prices rose about 2% on Thursday, extending their new year's rally, on escalating unrest in OPEC+ oil producer Kazakhstan and supply outages in Libya.
Brent crude futures rose $1.19 cents, or 1.5%, to settle at $81.99 a barrel, after hitting their highest since late November. U.S. West Texas Intermediate (WTI) crude gained $1.61, or 2.1%, to $79.46. The contract touched a session high of $80.24.

Russia sent paratroopers into Kazakhstan to help quell a countrywide uprising after deadly violence spread across the tightly controlled former Soviet state.
There were no indications that oil production in Kazakhstan has been affected so far. The country produces about 1.6 million barrels of oil per day.
Meanwhile in Libya, oil output was at 729,000 barrels per day, the National Oil Corp said, down from a high of more than 1.3 million bpd last year, owing to maintenance and oilfield shutdowns.
Global benchmark Brent's six-month backwardation stood at about $4 a barrel, its widest since late November. Backwardation is a market structure where current prices trade at a premium to future prices and is usually a sign of a bullish market.
Prices have rallied since the start of the year despite OPEC+ sticking to an agreed output target rise and a surge in U.S. fuel stockpiles.
"OPEC production, while it did increase, disappointed the market - it is not going to be enough to keep up with demand," said Phil Flynn, an analyst at Price Futures Group in Chicago.
OPEC+, a group that includes members of the Organization of the Petroleum Exporting Countries, Russia and other producers, agreed on Tuesday to add another 400,000 bpd of supply in February, as it has done each month since August as it gradually relaxes 2020's cuts as demand recovers from the pandemic.
However, the increase in OPEC's output in December has again undershot the rise planned under the OPEC+ deal, a Reuters survey found on Thursday, highlighting capacity constraints.
JP Morgan forecast Brent to average at $88 a barrel in 2022, up from $70 last year.
"Our reference case now assumes the alliance will fully phase out the remaining 2.96 million bpd of oil production cuts by September 2022," the bank's analysts said in a note.
Government data on Wednesday showed that U.S. gasoline inventories surged by more than 10 million barrels last week, the biggest weekly build since April 2020, as supplies backed up at refineries because of reduced fuel demand.
Crude inventories in the United States, the world's top consumer, have fallen for six consecutive weeks by the end of the year to 417.9 million barrels, their lowest since September, the data showed.
U.S. crude futures suggest supplies will remain tight early in the new year. A barrel of oil for delivery in June is selling at a $4.10 premium to a barrel for delivery in December, the highest since Nov. 2, a signal of near-term rising demand.
Meanwhile, the world's top oil exporter, Saudi Arabia, cut the official selling price for all grades of crude it sells to Asia in February by at least $1 a barrel, three sources with knowledge of the matter said.

Posted by winmal > 2022-01-07 11:12 | Report Abuse

when Armada will spike hit limit up

Posted by strattegist > 2022-01-07 11:36 | Report Abuse

green

Posted by Mabel > 2022-01-07 14:13 | Report Abuse

#Bon888 Brent reached USD 82.05. WTI breaking USD 80.
Give me some angpow money please!
06/01/2022 9:03 PM

Meow Meow Meow

Today Armada up some more...

Life is so beautiful...can always sleep like a baby...

To Our Success !

Meow

Posted by JoshuaMS7 > 2022-01-07 16:20 | Report Abuse

yahoo 0.490!! finally..

Posted by Bon888 > 2022-01-07 16:38 | Report Abuse

Q to sell from now. Slowly release some for cash.

Need money to buy abalone.

Posted by strattegist > 2022-01-07 17:39 | Report Abuse

green 0.485

Posted by RCZ2020 > 2022-01-08 16:35 | Report Abuse

O&G counters will perform next week

Posted by Alexloc04 > 2022-01-10 06:18 | Report Abuse

Hope the price can go back to 54.5 (52 weeks high).
Time to get CNY ang pau

Posted by Macgyver11 > 2022-01-10 12:40 | Report Abuse

Aiyo drop pulak..pening

Posted by strattegist > 2022-01-10 17:14 | Report Abuse

red 0.475