Posted by Macgyver11 > 2022-09-30 09:35 | Report Abuse

Mayday mayday...our battleship in deep problem..mayday mayday

Posted by yangkwang99 > 2022-09-30 13:08 | Report Abuse

Window thrashing!!!

Posted by bullmarket1628 > 2022-09-30 14:44 | Report Abuse

Top up more Armada at @0.375

Heng ah, Ong ah, Huat ah !

Posted by KimSua > 2022-10-04 07:29 | Report Abuse

Oil price expected to spike in october, with US stopping the release of 1mil barrel in their reserves and OPEC planning to cut ouput by similar amount. More interest should pour in OnG. Good luck, top up below 4.00 will be the best.

Posted by KimSua > 2022-10-04 07:49 | Report Abuse

USD index has been slowly dropping since the peak on 9/27 114.1 now at low of 111. Expect oil to start moving up and USD to stabilize move downwards soon. KLSE should see more interest in October. I think we have seen the bottom. All the best

Posted by bullmarket1628 > 2022-10-04 07:53 |

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Posted by bullmarket1628 > 2022-10-04 09:16 |

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Posted by bullmarket1628 > 2022-10-04 15:17 |

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Posted by yangkwang99 > 2022-10-04 15:17 | Report Abuse

Armada will fly after OPEC meeting to reduce oil production! Time to go into the 50 cents range with window dressing support! Huat Ahhhhhh!!!

Posted by bullmarket1628 > 2022-10-05 06:56 |

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Posted by bullmarket1628 > 2022-10-05 07:25 | Report Abuse

Oil prices could soon return to $100 as OPEC+ considers ‘historic’ cut, analysts say
PUBLISHED MON, OCT 3 2022 6:43 AM EDT

Lee Ying Shan @LEEYINGSHAN
Sam Meredith @SMEREDITH19

https://www.cnbc.com/amp/2022/10/03/opec-oil-prices-could-soon-return-to-100-a-barrel-analysts-say.html

KEY POINTS
* OPEC and non-OPEC producers, a group often referred to as OPEC+, will meet in Vienna, Austria on Wednesday to decide on the next phase of production policy.
* The oil cartel and its allies are considering an output cut of more than a million barrels per day, according to OPEC+ sources who spoke to Reuters.
* "The OPEC ministers are not going to come to Austria for the first time in two years to do nothing. So there's going to be a cut of some historic kind," said Dan Pickering, CIO of Pickering Energy Partners.

Posted by bullmarket1628 > 2022-10-05 09:27 |

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Posted by bullmarket1628 > 2022-10-05 09:28 |

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Posted by bullmarket1628 > 2022-10-05 09:31 | Report Abuse

Wow, Fantastics !
Now Hibiscs already traded at=>
0.955 (+0.085) (+9.8 %)!

Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-10-05 09:34 | Report Abuse

Wow, Fabulous !
Now Hibiscs already traded at=>
0.97 (+0.10) (+11.5 %)!

Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-10-05 09:40 | Report Abuse

Wow, Awesome !
Now Hibiscs already traded at=>
0.98 (+0.11) (+12.6 %)!

Heng ah, Ong ah, Huat ah !

Posted by Robert Waters > 2022-10-05 16:28 | Report Abuse

Tuna .... hmmm

Leading FPSO contractors in frame for sizeable Indonesian offshore project
At least four groups are limbering up for the project’s design competition

4 October 2022 23:27 GMT UPDATED 4 October 2022 23:27 GMT
By Russell Searancke and Nishant Ugal in Wellington and New Delhi
Leading floating production, storage and offloading vessel contractors in Southeast Asia are standing by in preparation for an invitation to start the bidding phase for a sizeable floater required for the Tuna oil and gas project offshore Indonesia.

FPSO market sources said at least four companies or consortia are lining up for the bidding phase — Bumi Armada with Shapoorji Oil & Gas, BW Offshore, HBA Offshore and Yinson Holdings.

Posted by Arron Wei > 2022-10-06 06:47 | Report Abuse

https://www.upstreamonline.com/exclusive/leading-fpso-contractors-in-frame-for-sizeable-indonesian-offshore-project/2-1-1325904

Posted by bullmarket1628 > 2022-10-06 07:05 |

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Posted by bullmarket1628 > 2022-10-06 07:32 | Report Abuse

White House Disappointed With OPEC’s ‘Shortsighted’ Decision
By Charles Kennedy - Oct 05, 2022, 12:00 PM CDT

https://oilprice.com/Energy/Energy-General/White-House-Disappointed-With-OPECs-Shortsighted-Decision.amp.html

A White House statement following the OPEC+ decision to defy the Biden administration with an output cut for November vows to find new ways to temper OPEC’s control over energy prices. 

Earlier on Wednesday, members of OPEC+ said they would cut November production quotas by 2 million bpd, citing the “uncertainty that surrounds the global economic and oil market outlooks”. 

The decision immediately led to a more than 2% increase in Brent crude and WTI prices and goes directly against the Biden administration’s attempts to lobby Saudi Arabia for higher production to bring prices down. 

Shortly after the release of an OPEC+ press release detailing the output cuts, the White House said, “In light of today's action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC's control over energy prices.”

Posted by bullmarket1628 > 2022-10-06 07:48 | Report Abuse

OPEC+ agrees deep oil production cuts, Biden calls it shortsighted
By Ahmad Ghaddar, Alex Lawler and Rowena Edwards
October 6, 2022 4:33 AM GMT+8Last Updated 17 min ago

https://www.reuters.com/business/energy/opec-heads-deep-supply-cuts-clash-with-us-2022-10-04/

VIENNA/LONDON, Oct 5 (Reuters) - OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.
OPEC's de-facto leader Saudi Arabia said the cut of 2 million barrels per day (bpd) of output - equal to 2% of global supply - was necessary to respond to rising interest rates in the West and a weaker global economy..

Posted by bullmarket1628 > 2022-10-07 06:53 |

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Posted by bullmarket1628 > 2022-10-08 07:28 |

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Posted by bullmarket1628 > 2022-10-08 07:32 |

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Posted by hng33 > 2022-10-11 09:19 | Report Abuse

bought back armanda at 38sen

Posted by success2628 > 2022-10-11 11:00 | Report Abuse

Follow hng33 to Sailang all my belongings till underwear to buy in Armada at @0.38

Posted by success2628 > 2022-10-11 11:04 | Report Abuse

hng33, at what price you going to sold all bought at @0.38 to take profits ?

Posted by yangkwang99 > 2022-10-11 12:00 | Report Abuse

Gambler's counter!!!

Posted by hng33 > 2022-10-11 12:35 | Report Abuse

Armada always response positively on its Q result due to increasing profit and trim debt continuing. Just wait for coming Q next month

Posted by hng33 > 2022-10-11 12:37 | Report Abuse

Continue strength in USD is added profit to armanda as all its long term rental fees in FSOP is USD denominated.

Posted by Arron Wei > 2022-10-11 13:35 | Report Abuse

We just wait for new FPSO contract announcement

Posted by success2628 > 2022-10-11 16:46 | Report Abuse

Walaoeh, What happended ?
Super damn hot man ICON today !
Now ICON already traded at => 0.125 (+0.015) (+13.6 %)

Congratulations to all of the ICON diehard supporters !

Posted by Robert Waters > 2022-10-11 17:54 | Report Abuse

Bullsmarket, is that you ?
Welcome back.

Posted by DickyMe2 > 2022-10-11 18:01 | Report Abuse

Waa, Robert Waiter..

Posted by Robert Waters > 2022-10-11 22:22 | Report Abuse

I love this report. A lot of good information. Thank you, McGyver.
Interestingly enough, I owned Yinson for 5 years. He became the darling of brokers and analysts.
When everyone became in love with the stock, I exited.
More to gain here.
Though sure my patience is stretched, and I was disappointed over and over.
It is painful to be Armada long. But we shall see long term.

Posted by nikicheong > 2022-10-12 10:27 | Report Abuse

Some FPSO projects we know Bumi Armada has bid for/will be bidding for:

1) TotalEnergies Cameia (Angola) - Favourites
2) Eni Agogo (Angola) - Yinson is the favourite
3) Repsol Block 29 (Mexico)
4) Harbour Tuna (Indonesia)
5) ConocoPhillips Salam-Patawali (Malaysia)
6) Petronas Sepet (Malaysia) - FSO only

Posted by hng33 > 2022-10-12 11:11 | Report Abuse

Added more to armanda, all at 38sen

Posted by hng33 > 2022-10-12 11:14 | Report Abuse

Holding most armanda in portfolio, at cost 38sen.

Posted by hng33 > 2022-10-12 11:15 | Report Abuse

Now, only need to wait for next month Q result, expect to deliver EPS = 4.2- 4.5sen

Posted by 1pingpong > 2022-10-14 16:19 | Report Abuse

seems like armada is still downtrend....next week too maybe

Posted by hng33 > 2022-10-18 17:49 | Report Abuse

ARMADA steady profit from FSOP is USD denominated, strengthen USD translate to higher RM profit

Posted by Heungheungloveyou > 2022-10-19 15:10 | Report Abuse

a typical old man stock, only down no up, not a stock for investment

Posted by success2628 > 2022-10-20 07:03 | Report Abuse

Walaoeh, oil price spike up like mad !
Brent closed at=> $92.41 +2.38 +2.64 %

Like that today Armada will be limit up already liao lah !

Congratulations to all the Armada die hard supporters!

Posted by hng33 > 2022-10-20 09:59 | Report Abuse

Allocate balance fund to add all armanda at 38sen

Posted by success2628 > 2022-10-20 10:50 |

Post removed.Why?

Posted by yangkwang99 > 2022-10-20 13:36 | Report Abuse

This is tofu leg counter! Ha!! Weak support but number one profit taking counter even for a packet of Nasi lemak! Regret????

Posted by Robert Waters > 2022-10-20 15:47 | Report Abuse

Armada is leading in short shares as well. Sharks expect shares to tank soon ???

5210 ARMADA BUMI ARMADA BERHAD 29,983,564 0.51

Posted by hng33 > 2022-10-20 16:05 | Report Abuse

Technically, Armanda share price is about turning UP point, reversal chart is expected next

Posted by hng33 > 2022-10-20 16:17 | Report Abuse

With absent of RM 80m one of impairement loss incur in previous Q2, the next upcoming Q3 should deliver additional 1sen on top of Q2 EPS. In additional, USD profit is strengthen further by another 5% in Q3 if compared to Q2. Therefore, next Q3 should deliever up to EPS = 4.5sen

Posted by success2628 > 2022-10-20 16:21 |

Post removed.Why?