No one can buy or sell at best market price all the time, market sentiments are weak hence Armada Kraken's hiccup may be interpreted more serious than if the market is in bull run. Too many people are sitting on the edge at the moment due to generally weak market sentiments. Sharks are lurking for people jumping off the boat.
I3lurker, Most of HRC response is like no response. What should I do next?
Response from HRC:
We would like to reiterate that our decision-making process is guided by a strict code of ethics and compliance with our company’s policies and procedures, which include a thorough evaluation process to ensure that we obtain the best value for our purchases while maintaining high standards of quality and reliability to our customers. We remain committed to always operate with integrity and with the best interests of our shareholders and stakeholders.
Both, the Whistleblowing Committee as well as the Company’s external auditors i.e., PwC have reviewed the existing hedging policy, internal controls and activities. There is no malpractice, impropriety, misconduct, and/or omission detected.
SSlee, after sold all his remaining Insas and Petrnm shares, with his boss and Indonesian tycoon Bachtiar Karim, will join Space X next commercial flight to Mars, leaving behind i3licker to continue talk kot to himself in i3, 24 hrs a day, 7 days a week and the rest of the years.
We also do not rule out the possibility of penalties being imposed on Bumi Armada from the shut-in of Kraken FPSO which would result in unfavourable impacts on the charterer’s financials. In the event that the group is required to fully compensate EnQuest for any earnings losses from the oil production outage in 3QFY23, we estimate the potential penalty to be RM63mil-78mil based on assumptions of: (i) daily oil production of 14K-15K barrels of oil per day, (ii) oil price of U$70-75/barrel, (iii) operating expenses of U$23-25/barrel, and (iv) MYR/USD of 4.40. The operation hiccups may also dampen the group’s prospects in bidding for new projects despite its continued success in deleveraging its balance sheet over the past few quarters
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....
joyvest
10,584 posts
Posted by joyvest > 2023-06-07 11:45 | Report Abuse
It is believed that the Income in the upcoming QR would be reduced by about 43%. Hence it is natural for the price to be dropped by 43 % if not more.