Posted by KML889 > 2023-08-30 14:23 | Report Abuse

Yup, kacang putih indeed from ASV earnings. EP earnings from Indon is still too far distant to comprehend

Posted by KML889 > 2023-08-30 14:26 | Report Abuse

Just look at SPAC Hibiscus. Took them decades long to see meaningful earnings

Posted by hng33 > 2023-08-30 15:10 | Report Abuse

Armanda role in Indo oil field is for contract work for topside platform development

Posted by KML889 > 2023-08-30 15:26 | Report Abuse

Anyway still a long long journey after FEED to FID then DE for implementation

Posted by hng33 > 2023-08-30 20:19 | Report Abuse

Armanda debt continue declining via continuous repayment. With such strong quarterly cash flow, the speed of repayment will intensified as interest expense ia decreasing , it is expected in less than 2 year time, all debt will payoff and all profit will attributed to shareholders and maiden dividend payout may comw sooner in interim

Posted by KML889 > 2023-08-30 21:52 | Report Abuse

Ya lo Hng33 but the Mr Market does not seem to realize that open secrets just yet. Conservatively every quarter earnings 3 cents also makan tak habis d.

Posted by Nepo > 2023-08-31 07:47 | Report Abuse

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Waiting to receive first oil: the Armada Sterling V FPSOPhoto: SP OIL & GAS
FPSO contractor caught up in troubled India project gets some relief
Bumi Armada is hopeful that first oil at Cluster 2 will be achieved this October

30 August 2023 8:32 GMT UPDATED 30 August 2023 8:37 GMT
By Russell Searancke in Oslo
Malaysian floating production contractor Bumi Armada has received some relief linked to its financial obligations on the heavily-delayed KG-DWN-98/2 Cluster 2 deep-water project in India.

Bumi has a 30% interest in a joint venture with Shapoorji Pallonji Energy, which is supplying the Armada Sterling V floating production, storage and offloading vessel for Cluster 2 on a lease and operate basis...

Posted by lloydlim > 2023-09-01 09:53 | Report Abuse

Time to accumulate!

Posted by KopiOKaw > 2023-09-01 09:56 | Report Abuse

Yes, right time to accumulate.

Posted by bullrun2025 > 2023-09-01 10:17 | Report Abuse

what price to accumulate

Posted by KopiOKaw > 2023-09-01 10:25 | Report Abuse

0.510 - 0.515

Posted by RayLee > 2023-09-01 12:48 | Report Abuse

collected 51 cent this morning and believe oil prices will be climbing up high

https://www.wsj.com/finance/commodities-futures/oil-rises-amid-sustained-supply-tightness-eee206a8

Posted by jklkk911 > 2023-09-01 14:49 | Report Abuse

I believe Armada has realized the flawed nature for the FPSO contractor. They bear the huge chunk of the capital investment and risk, but capped and limited return in the form of charter rate. Take the Claire incident as an example, a small job with award value of approximately RM1.5B has the potential to nearly kill it.
I think it is good that BA has learn from its lesson and be more prudent in winning contract.

Just compare Yinson and BA financial standing, and one will realize the humongous risk that Yinson has placed itself in. I have no detail on Yinson contact terms, but I am certain if there are not adequately protected, any mishap will be disastrous.

Posted by UncleFollower > 2023-09-01 15:18 | Report Abuse

Forget about the outlook and fundamentals...

Market is so bullish watch out they sweep it up out of the blue like Hibiscus

Posted by TimCoke > 2023-09-01 15:49 | Report Abuse

0.51 - 0.53 worth to collect, it will goes up to 0.69 easily

Posted by hng33 > 2023-09-01 16:15 | Report Abuse

turbo charge

Posted by hng33 > 2023-09-01 16:25 | Report Abuse

Heading to 55sen immediate resistance level

Posted by Ninja _07 > 2023-09-01 16:27 | Report Abuse

Wow.. Collected at 0.51 this morning. Thank goodness!

Posted by Ninja _07 > 2023-09-01 16:28 | Report Abuse

Heading a bull market?

Posted by TimCoke > 2023-09-01 16:40 | Report Abuse

not bull, just a good news, small one first, later only a bigger one

Posted by free2invest > 2023-09-01 16:43 | Report Abuse

My guess is correct. Now it is oil & gas theme.

Posted by Ninja _07 > 2023-09-01 16:49 | Report Abuse

Good news to good for me :D .. Thanks @TimCoke

Posted by jacintateh > 2023-09-01 16:59 | Report Abuse

Hello everyone, it's a pleasure to meet you guys and to be in this esteemed chat group! I recently decided to take some timy profits by selling my Velesto shares and made the exciting move to invest in Armada over the last couple of trading days. I've noticed that this chat group is more mature and experienced compared to my previous one. I'm optimistic that my new investment in Armada will be a refreshing change from the slow-moving Velesto. Let's look forward to brighter days ahead!

Posted by Felix888 > 2023-09-01 17:33 |

Post removed.Why?

Posted by RISK8888 > 2023-09-02 09:02 | Report Abuse

Macam mau coming back liao BA.

Posted by limitupandsurewin88 > 2023-09-02 09:32 | Report Abuse

Oil rises to highest in over seven months on supply worries
By Stephanie Kelly
September 2, 20233:15 AM GMT+8Updated

https://www.reuters.com/business/energy/oil-set-snap-two-week-losing-streak-tightening-supplies-2023-09-01/

NEW YORK, Sept 1 (Reuters) - Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies.
Saudi Arabia is widely expected to extend a voluntary 1 million barrel per day oil production cut into October, prolonging supply curbs engineered by the Organization of the Petroleum Exporting Countries (OPEC) and allies, known collectively as OPEC+, to support prices.

Russia, the world's second-largest oil exporter, has already agreed with OPEC+ partners to cut oil exports next month, Deputy Prime Minister Alexander Novak said on Thursday.
Brent crude settled up $1.66, or 1.9%, at $88.49 a barrel. Earlier it gained to a session high of $88.75 a barrel, the highest since Jan. 27.
U.S. West Texas Intermediate crude (WTI) had risen $1.39, roughly 1.7%, to $85.02. It rose earlier to $85.81, the highest since Nov. 16.

Posted by hng33 > 2023-09-02 14:42 | Report Abuse

:D)

Posted by KML889 > 2023-09-02 14:48 | Report Abuse

https://www.oedigital.com/news/506864-jadestone-energy-s-montara-venture-fpso-shut-down-again-after-gas-alarm-triggered

Posted by KML889 > 2023-09-02 14:48 | Report Abuse

FPSO business is no easy feat. Glad AK pulled through this

Posted by RISK8888 > 2023-09-03 09:09 | Report Abuse

By year end you may see it goes back to 0.6. Sterling v is the booster.

Posted by Tedinvestor > 2023-09-03 09:32 | Report Abuse

Crude oil in bull market. Brace for more upside

Posted by Felix888 > 2023-09-03 09:40 | Report Abuse

Super charged now. Flying!

Posted by KML889 > 2023-09-03 13:02 | Report Abuse

Year end at least 90 cents if not more lo Bro. This week or two 57 cents then 63 cents

Posted by KML889 > 2023-09-03 13:05 | Report Abuse

No crystal ball. Simply talk cor* up BA. She needs extraterrestrial forces to bring her to next level. Haha

Posted by KML889 > 2023-09-03 13:08 | Report Abuse

By year end the improved BS could easily position herself for another Project or two if not more. Let's hope

Posted by KML889 > 2023-09-03 13:26 | Report Abuse

And most of all, IMHO, BA presents a better success rate of winning in my portfolio not only supreme profit margins vis a vis Yinson

Posted by Jerichomy > 2023-09-03 14:09 |

Post removed.Why?

Posted by speakup > 2023-09-03 14:53 | Report Abuse

OTB is in Ytl now lah, why still fight at Bumi?
Probably KYY too there

Posted by Felix888 > 2023-09-03 15:11 |

Post removed.Why?

Posted by TimCoke > 2023-09-03 19:44 | Report Abuse

collect before its too late

Posted by RISK8888 > 2023-09-03 22:01 | Report Abuse

Go slowly, I haven’t collect enough. Stay at 0.5 range for until mid November.

Posted by KimSua > 2023-09-04 07:08 | Report Abuse

Good time to go in now. Good luck for a quicker buck.

Posted by lloydlim > 2023-09-04 09:13 | Report Abuse

Price is heading 60cts. now.

Posted by RISK8888 > 2023-09-04 09:17 | Report Abuse

yooo, brother why now? aiya i belum beli cukup lagi ler.

Posted by Felix888 > 2023-09-04 09:19 | Report Abuse

Wow wow wow today so bullish !!

Posted by RISK8888 > 2023-09-04 09:24 | Report Abuse

dont worry armada style, one day cannot up more than 0.03 base on history. so max 0.56 for today.

Posted by limitupandsurewin88 > 2023-09-04 09:25 |

Post removed.Why?

Posted by KML889 > 2023-09-04 09:41 | Report Abuse

5 FPSO tenders from Brasil, 2 tenders from Guyana near Brasil and 4 tenders from West Africa. Tikam tikam alang can secure 1 or 2 contract kot, BA

Posted by KML889 > 2023-09-04 09:44 | Report Abuse

No need to worry about Yinson as she is already all hands tied up and BS fully stretched

Posted by KML889 > 2023-09-04 10:18 | Report Abuse

Astonishing BA is trading now as if programmed buying started d