Posted by Max2838 > 2023-07-20 11:02 | Report Abuse

Shorties are active as they off-load some 17% of their net positions.
Short positions on 3Jul was 55.5M has now reduced to 45.9M.
What are they going to do next? Just wait and watch...

Posted by Max2838 > 2023-07-20 11:08 | Report Abuse

What happens when US, UK & China borrowing costs go down?

Posted by RayLee > 2023-07-20 11:44 | Report Abuse

They will borrow more money to increase liquidity, Max2838 😁

Posted by shocklim > 2023-07-20 11:49 | Report Abuse

It has been 1 mth since announcement of 60% production rate for Kraken

Until today, no further update

Posted by nikicheong > 2023-07-20 11:59 | Report Abuse

I'm trying to get some update but they're being tight-lipped. Either things have gone bad or they're just waiting for things to stabilize before confirming that 80% has been achieved.

Posted by shocklim > 2023-07-20 12:27 | Report Abuse

Thanks nikicheong

Posted by armadatuah2017 > 2023-07-20 12:38 | Report Abuse

wait la...AK will come to wipe off these arses, playing down the price. it is just repeated history.

Posted by KML889 > 2023-07-20 12:47 | Report Abuse

Huhu. 90% already liao lo

Posted by KML889 > 2023-07-20 12:47 | Report Abuse

Kaya la to All Bumi Armada-an

Posted by KML889 > 2023-07-20 12:48 | Report Abuse

90% pre SD throughput

Posted by KML889 > 2023-07-20 12:50 | Report Abuse

Betul betul kasi play out all those light hearted who sold this morning

Posted by Hotstuff > 2023-07-20 12:54 |

Post removed.Why?

Posted by armadatuah2017 > 2023-07-20 13:04 | Report Abuse

@nikicheong gotto respect you for the info. Salute for being genuine.

Posted by KML889 > 2023-07-20 13:12 | Report Abuse

Is it possible 55 cents pre-opening later ?

Posted by Rwan88 > 2023-07-20 13:19 | Report Abuse

58 cent is lower price now

Posted by armadatuah2017 > 2023-07-20 13:20 | Report Abuse

0.52 only for today.

Posted by Rwan88 > 2023-07-20 13:23 | Report Abuse

0.52 or 0.62? 😀

Posted by KML889 > 2023-07-20 13:26 | Report Abuse

Either anyone of those, I'm taking out my calculator now. Haha

Posted by armadatuah2017 > 2023-07-20 13:31 | Report Abuse

@KML889 Boss gave us time to accumulate.. so, now it's harvesting time. Im not too greedy, I will hold till 0.60+++

Posted by KML889 > 2023-07-20 13:34 | Report Abuse

I'll drink to 60 cents. To Armada Kraken, I will. Cheers

Posted by kaipeng911 > 2023-07-20 13:50 | Report Abuse

yaya yaya，i bought more than 2000lot this morning。

Posted by KML889 > 2023-07-20 14:00 | Report Abuse

A bit odd now where the rest of the Sifus are quiet. It's celebration time.

Posted by KML889 > 2023-07-20 14:00 | Report Abuse

Kaya la Kaipeng 911.

Posted by nikicheong > 2023-07-20 14:06 | Report Abuse

Well, there you go folks! :)

Posted by nikicheong > 2023-07-20 14:08 | Report Abuse

I'm impressed Bumi Armada is making the announcement ON the day of the improvement, unlike previously where they waited more than a week. They must've gotten a stern internal warning from Bursa Malaysia.

Posted by KML889 > 2023-07-20 14:14 | Report Abuse

Well said, nikicheong

Posted by nikicheong > 2023-07-20 14:34 | Report Abuse

Guys, regarding the TotalEnergies Cameia FPSO project, the trail has gone cold.

What I know for certain is Bumi Armada received a Conditional LOA (CLOA) last September. They have since built up the project management and engineering teams to execute the project.

As to when the award will become unconditional, it's not certain. Could be any day now, could be a few months down the road, or the project award may go to another company, or the project may be scrapped altogether.

My bet is on option 1 or 2, but again, nothing certain as of now.

Posted by Ravi Kumar > 2023-07-20 14:35 | Report Abuse

We had so many fortune tellers who were saying 6 months la grandfather grandmother lol .In your face

mikeann

Reference is made to the announcements made by Bumi Armada Berhad ("Bumi Armada") on 2 June 2023 and 21 June 2023 respectively in relation to the unplanned shutdown of the Armada Kraken FPSO ("Kraken FPSO") owned by Bumi Armada’s wholly owned subsidiary, Armada Kraken Pte Ltd.


Bumi Armada wishes to announce that one HSP transformer has been reconditioned from the failed HSP transformer units. Following successful installation of the reconditioned HSP transformer on the Armada Kraken FPSO, it commenced operating on 20 July 2023 such that the vessel's operational performance has returned to approximately 90% of pre-shutdown levels.

Bumi Armada will continue to announce material updates as and when they are known.


This announcement is dated 20 July 2023.

1 hour ago

Posted by pang72 > 2023-07-20 14:38 | Report Abuse

Time for Armada

Posted by pang72 > 2023-07-20 14:38 | Report Abuse

The sudden shut down creates great opportunity..

Posted by Zhuge_Liang > 2023-07-20 14:39 |

Post removed.Why?

Posted by xuxu > 2023-07-20 14:40 | Report Abuse

hehe good move =)

Posted by VincentTang > 2023-07-20 14:41 | Report Abuse

Sold all Armada at 0.525. Huat ah.

Posted by VincentTang > 2023-07-20 14:42 | Report Abuse

Sold all Armada to top up WCEHB.

Posted by beachboy > 2023-07-20 14:43 | Report Abuse

last time shutdown price from 60++ drop till 40++
now can recover back to 60++?

Posted by pang72 > 2023-07-20 14:50 | Report Abuse

Vincent,
Both armada and WCE are underrated.
No need to sell or short trade

Posted by rr88 > 2023-07-20 14:50 | Report Abuse

Dont waste yr time here.
The DAMAGE TO SENTIMENT HAS BEEN PERMANENT with or without kraken.

It will retest 0.42 low.

Posted by Russel > 2023-07-20 14:53 | Report Abuse

Kraken wake up jor!

Posted by VincentTang > 2023-07-20 14:58 | Report Abuse

Luckily sold all 0.525

Posted by cbkia4896 > 2023-07-20 15:02 | Report Abuse

kasi terbang jangan lembek

Posted by nikicheong > 2023-07-20 15:12 | Report Abuse

Shapoorji Pallonji Oil & Gas (SPOG) has revived talks with IndianOil, BPCL and GAIL about taking gas from its proposed FSRU off Mumbai, buoyed by a temporary drop in LNG prices.

Since March 2023, SPOG has felt more confident about proceeding with the 5m t/y FSRU project and has been talking to the three off-takers about booking capacity. SPOG aims to finalise the offtake agreements within the next two or three months so that the FSRU can be ordered by December 2023.

"All the plans and drawings are ready," says a source. "Project construction can begin as soon as the offtake agreements are in place."

He adds that SPOG would initially offer a 3m t/y capacity for booking, which will slowly ramp up depending on the market's response. SPOG is keen on 15-year offtake agreements.

https://www.petrowatch.com/synopsis.php?artId=20889&w=1

Posted by Robert Waters > 2023-07-20 15:12 | Report Abuse

Congratulations all Longs in Armada.
Thank you for those who brought the news, shared opinion or asked questions.
I would definitely not sell now until it gets closer to 60.
Revise catalyst list by NikiCheong.

Posted by nikicheong > 2023-07-20 15:15 | Report Abuse

SPOG wants the Mumbai FSRU to be
operational by the fourth quarter of 2026
and is setting up the estimated Rs2690cr
(8384m) project under a 30-year BOOT
agreement signed with the Mumbai Port
Trust on May 18 (2021). SPOG is in talks
with "multiple shipyards” to secure a
decommissioned LNG tanker with
170,000 cubic metres of storage capacity,
converted to an FSRU equipped with
membrane-type tanks and a
regasification unit. A South Korean
shipyard, either Samsung or Hyundai,
will most likely be selected, given their
track record of constructing membrane-
spec FSRUs. SPOG expects the FSRU to be
ready and delivered within 36 months of
the order. Meanwhile, basic engineering
has been done on the 400-metre-long
jetty to be constructed on an island off
Mumbai. Actual construction will most
likely be done by SPOG group company
Afcons which has sufficient expertise and
experience. In June 2022, Italy's RINA
Consulting bid the lowest in a tender to be
SPOG's engineering consultant for the
project, quoting Rs4.4cr ($628,000) and
was formally appointed by Mumbai port
in late November 2022.

Posted by DukeEmber > 2023-07-20 15:19 | Report Abuse

2morow break 60

Posted by Robert Waters > 2023-07-20 15:43 | Report Abuse

Guys, act wisely. I mean LONG here !!!
IB analysts will have to update their target prices.
Some put 6 months of no production on Kraken. Reduced earnings significantly.
This all has to be corrected. Give it a day or two.
Selling now is hurting your own interest.

Posted by ITreeinvestor > 2023-07-20 15:47 | Report Abuse

remember buy the rumor and sell the news.

Posted by alenac > 2023-07-20 15:59 | Report Abuse

Should have an upswing in price?
Bumi Armada says Kraken FPSO operating at 90% of pre-shutdown levels
https://www.thestar.com.my/business/business-news/2023/07/20/bumi-armada-says-kraken-fpso-operating-at-90-of-pre-shutdown-levels

Posted by nikicheong > 2023-07-20 16:18 | Report Abuse

The move up will always be more cautious than the knee-jerk move down.

Posted by success2628 > 2023-07-20 16:22 |

Post removed.Why?

Posted by success2628 > 2023-07-20 16:27 |

Post removed.Why?