Posted by Max2838 > 2023-10-11 17:14 | Report Abuse

I's called a 'green' loan if you secured a loan to refinance an existing loan...
.... (reduce, reuse and recycle)
.... if doesn't work, try rights issue

Posted by rohank71 > 2023-10-11 18:44 | Report Abuse

#Max, look at the quantum. Normally O&G hard to get long term loans. So 5Y is acceptable. So its refinancing of 600M taken in 2019 and balance of 105M refinanced to 2028 from 2023. Good part, BA is bankable.

Posted by vespa > 2023-10-11 23:48 | Report Abuse

so many irons in the fire and yet not much value seems to be accruing

Posted by nikicheong > 2023-10-11 23:52 | Report Abuse

BlueStreak CO2 has a logo: https://oeukdecarbonisationconference.co.uk/wp-content/uploads/2023/09/Bluestreak-CO2-1.jpg

Posted by Felix999 > 2023-10-12 01:06 | Report Abuse

I3licker kacau our neighbor now 😄.
Our BA cash flow solid solid one.

Posted by Mabel > 2023-10-12 11:22 | Report Abuse

The oil and gas sector is a cyclical one with recurring periods of boom and bust – as oil demand is relatively inelastic while oil supply is elastic. As we are now in a severely underinvested phase coupled with a record-high demand for oil in 2023-2024E, we view that the elevated oil price environment will be here to stay for the medium term.

We maintain our POSITIVE view on the sector with in-house Brent ASP assumptions of USD85/80/bbl for 2023/2024E.

BArmada. We think that BArmada is a “dark-horse” value-play within our coverage as the recent sell-off after the announcement of an unplanned shutdown of its heavyweight FPSO Armada Kraken in June 2023 looks pretty overdone. With the said FPSO now up and operational back to pre-shutdown levels, we think that BArmada will register sequential quarterly earnings growth in 2HFY23E and we expect record high profits for the group in FY24E (+58% YoY).

We also applaud the group’s discipline in its de-gearing exercise as it has successfully reduced its net gearing over 13 consecutive quarters to 0.7x as at end2Q23 (from a peak of 2.9x in end-1Q20) with more to come.

Target Price: RM 0.70

Source: Mabel's Tiger Bank

Posted by Felix999 > 2023-10-12 11:27 | Report Abuse

Welcome back to BA Mabel. Keep sharing here.💪

Posted by Mabel > 2023-10-12 11:31 | Report Abuse

Cheers Felix999!

Posted by Jacintha > 2023-10-12 12:58 | Report Abuse

Reference is made to the announcement made by Bumi Armada Berhad (“Bumi Armada”) on 25 September 2023 on the Akia Production Sharing Contract (“Akia PSC”).

Bumi Armada wishes to announce that in relation to the Akia PSC, its wholly owned subsidiary Armada Akia B.V (“AABV”) (as Operator with 51% participating interest in the Akia PSC) and Pexco Tarakan N.V. (“Pexco”) (with 49% participating interest in the Akia PSC) have entered into a Joint Operating Agreement (“JOA”) forming a joint venture consortium on a 50:50 economic basis.



The JOA is a related party arrangement. Objektif Bersatu Sdn Bhd ("OBSB"), a wholly owned subsidiary of Usaha Tegas Sdn Bhd ("UTSB"), has a direct 34.61% interest in Bumi Armada. Tatparanandam Ananda Krishnan is a major shareholder of Bumi Armada (by virtue of his deemed interest through, inter alia, UTSB and OBSB), and also holds a 100% indirect interest in Pexco. No related party transaction announcement is required to be made by Bumi Armada at this stage as the relevant percentage ratio has not been exceeded.

Posted by nikicheong > 2023-10-12 13:44 | Report Abuse

Hari hari announcement tapi takdak anything concrete. Bila hujan, ia akan mencurah-curah!

Posted by Jacintha > 2023-10-12 14:51 | Report Abuse

Limited impact on oil prices for now
Opec+ ready to support market stability if needed
PETALING JAYA: The Gaza-based Hamas and Israel conflict that began on Oct 7 should have a limited effect on the disruption of global oil supplies for now, according to CGS-CIMB Research.
The research house said Brent crude futures peaked at just US$88 per barrel on Oct 9, which is lower than the average price of US$92 per barrel for last month.
Saudi Arabia has also announced that it would continue its voluntary one million barrels per day (mbpd) oil production cut into December 2023, with Russia also retaining its crude exports cuts of 0.3 mbpd also into the final month of the year.

Meanwhile, it said floating production storage and offloading (FPSO) companies like Yinson Holdings Bhd and Bumi Armada Bhd are unlikely to see incremental contribution to their earnings in the near-term given the fixed-rate nature of FPSO charters, but could benefit in the long-term from increased capital expenditure by upstream companies.

Posted by Jacintha > 2023-10-12 14:58 | Report Abuse

niki, yes, no impact on announcements yet.

Posted by RISK8888 > 2023-10-12 15:12 | Report Abuse

armada slow to react, normally after announcement 1-2 days baru gerak sikit. so should be tomorrow up 3 sens to 0.58. ready to sell.

Posted by mikekim > 2023-10-12 16:01 | Report Abuse

Been a while friends. I have exited all my position at more than 2x cost. Nothing wrong with Armada, it should continue to do well given its stable FPSO cashflow and gradually deleveraging balance sheet. Solid stock. All the best my friends. I'm shifting my portfolio to YTL Power at the moment.

Posted by RayLee > 2023-10-12 19:57 | Report Abuse

YTL power is so high now...better don't chase high on that

Posted by Felix999 > 2023-10-12 20:44 | Report Abuse

https://www.thestar.com.my/business/business-news/2023/10/12/bumi-armada-gets-nod-to-bid-for-flng-jobs-globally

Posted by Felix999 > 2023-10-12 23:43 |

Post removed.Why?

Posted by Felix999 > 2023-10-12 23:43 |

Post removed.Why?

Posted by nikicheong > 2023-10-13 10:46 | Report Abuse

@Robert, ABS also approved their FLNG concept. Bumi Armada made a Bursa Malaysia announcement on this a couple of days ago.

Posted by ageetkumar > 2023-10-13 11:18 | Report Abuse

https://www.offshore-energy.biz/bumi-armada-unveils-new-flng-concept-in-response-to-rising-gas-demand/

Posted by Felix999 > 2023-10-13 13:15 | Report Abuse

阿玛达与大股东联手 印尼展开油田共享合约 | https://www.klsescreener.com/v2/news/view/1216671

Posted by KopiOKaw > 2023-10-13 14:35 | Report Abuse

Bumi Armada - Secures Akia Block in Indonesia
Source : KENANGA, Price Call : BUY, Price Target : 0.62
Last Price : 0.55, Upside/Downside : +0.07(12.73%)

Posted by Felix999 > 2023-10-13 15:06 |

Post removed.Why?

Posted by vespa > 2023-10-13 15:11 | Report Abuse

What a slog

Posted by Jerichomy > 2023-10-13 15:15 |

Post removed.Why?

Posted by lexwong89 > 2023-10-13 16:59 | Report Abuse

Why the high volume in 4.50pm?

Posted by bullrun168 > 2023-10-14 07:17 | Report Abuse

Oil price spike up crazily !
Brent $90.89 +4.89 +5.69 %

Posted by bullrun168 > 2023-10-14 07:32 | Report Abuse

Oil surges nearly 6% after Israel begins ground raids into Gaza
By Stephanie Kelly
October 14, 20233:46 AM GMT+8

https://www.reuters.com/markets/commodities/oil-climbs-us-sanctions-stockpile-forecasts-raise-supply-concerns-2023-10-13/

NEW YORK, Oct 13 (Reuters) - Oil prices leapt nearly 6% on Friday, with Brent posting its highest weekly gain since February, as investors priced in the possibility that the conflict in the Middle East could widen as Israel began ground raids inside the Gaza Strip.
Israel's announcement marked a shift from an air war to ground operations to root out Hamas fighters a week after the militant Palestinian group's deadly rampage in southern Israel.

Brent futures settled up $4.89, or 5.7%, at $90.89 per barrel. U.S. West Texas Intermediate (WTI) crude gained $4.78, or 5.8%, to $87.69 a barrel.
Both benchmarks posted their highest daily percentage gains since April.
Brent also recorded a weekly gain of 7.5%, its biggest such increase since February. WTI climbed 5.9% for the week.
The conflict in the Middle East has had little impact on global oil and gas supplies, and Israel is not a big producer. Investors and market observers, however, are assessing how it could escalate and what it might mean for supplies from nearby countries in the world's top oil producing region.

Some residents in Gaza were abandoning their homes on Friday to escape from the path of an Israeli onslaught, after Israel ordered more than a million people to leave the northern half of the territory within 24 hours. Hamas told them not to go.
Iran's Oil Minister Javad Owji said on Friday oil prices are expected to reach $100 per barrel due to the current situation in the Middle East, according to the ministry's news agency SHANA…

Posted by Felix999 > 2023-10-14 08:48 |

Post removed.Why?

Posted by Felix999 > 2023-10-14 13:14 |

Post removed.Why?

Posted by KimSua > 2023-10-14 13:16 | Report Abuse

Should test 0.6 soon

Posted by Fieldbus > 2023-10-16 09:20 | Report Abuse

If can hit 0.685 by next QR announcement, then will hit above rm1.00 with an announcement of securing a new FPSO job.

Posted by Felix999 > 2023-10-16 09:31 | Report Abuse

People follow me bought Armada at 0.20 or 0.30 or 0.40 already laughing all the way to the bank.

That I3licker is not a froud I can guarantee you, he just a clown in this forum.

Posted by Felix999 > 2023-10-16 09:31 | Report Abuse

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2023-10-13-story-h-217854571-Bumi_Armada_Secures_Akia_Block_in_Indonesia

Posted by Felix999 > 2023-10-16 09:32 | Report Abuse

Closing up the gap!!! After gap closed, will be flying all the way up!!

Posted by Huangbk72 > 2023-10-16 09:47 |

Post removed.Why?

Posted by tomwah > 2023-10-16 11:07 | Report Abuse

i trgt RM1.00

Posted by Cockcroach > 2023-10-16 14:00 | Report Abuse

Buy n keep!

Posted by Jerichomy > 2023-10-16 17:50 |

Post removed.Why?

Posted by Felix999 > 2023-10-17 11:43 | Report Abuse

Many people think fossil energy already on sunset. Look at the news below, what do you think when fossil oil become largest export product for USA?

https://oilprice.com/Energy/Crude-Oil/Oil-Poised-To-Become-US-Single-Largest-Export-Product.html

Posted by Felix999 > 2023-10-17 13:30 |

Post removed.Why?

Posted by RayLee > 2023-10-17 13:46 | Report Abuse

On the way to break through 60 cents if the current war worsen

Posted by lexwong89 > 2023-10-18 15:32 | Report Abuse

What's the context for the selling today?

Posted by Justaboylearning > 2023-10-18 15:32 | Report Abuse

Whole market is down

Posted by bullrun168 > 2023-10-18 15:39 | Report Abuse

Oil jumps 2% as hospital blast increases Middle East tensions
By Arathy Somasekhar and Muyu Xu
October 18, 20232:16 PM

https://www.reuters.com/business/energy/oil-prices-jump-2-supply-worries-after-large-us-stock-drawdown-2023-10-18/

Oct 18 (Reuters) - Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions from the region.
Brent crude futures advanced $1.75, or 2%, to $91.65 a barrel at 0609 GMT. West Texas Intermediate crude (WTI) futures were up $1.91, or 2.2%, at $88.57 a barrel.
In earlier trade, both benchmarks gained more than $2 to touch their highest levels in two weeks.

Markets factored in risk premiums after hundreds of Palestinians were killed in a blast at a Gaza City hospital on Tuesday that Israeli and Palestinian officials blamed on each other.
Jordan then cancelled a summit it was to host with U.S. President Joe Biden and Egyptian and Palestinian leaders.
"The cancellation of a summit between Biden and Arab leaders reduces the likelihood of a diplomatic solution to the Israel Hamas conflict," Vivek Dhar, an analyst at Commonwealth Bank of Australia, said in a client note.
Markets are nervous about a threatened Israeli ground offensive in Gaza.
"A long occupation looms as the scenario that pushes Brent oil futures above $US100/bbl because it raises the risk that the Israel Hamas conflict expands and potentially draws in Iran directly," Dhar said.
Biden is set to visit Israel on Wednesday to show support for the country in its war with Islamist militant group Hamas. The White House said he will make clear he does not want the conflict to expand.

Also supporting oil prices, U.S. crude stocks fell by about 4.4 million barrels in the week ended Oct. 13, according to market sources citing American Petroleum Institute figures on Tuesday. That was much steeper than a 300,000 barrel draw that analysts had forecast.
Official U.S. government data is due later on Wednesday.
On the demand side, China's economy grew faster than expected in the third quarter, official data on Wednesday showed, suggesting a recent flurry of policy measures is helping to bolster a tentative recovery.
China's official data also showed that the country's oil refinery throughput in September hit a record daily rate, up 12% from a year earlier as refiners increased run rates to cater for strong demand for transport fuel over the Golden Week holiday and improving manufacturing.
But analysts sounded cautious on China's economic growth as the real estate sector remains a drag.
"The September data likely guarantee that China will hit its 'around 5%' growth target this year. That said, it will struggle to better it. The economic recovery is still in its infancy," Moody's Analytics economist Harry Murphy Cruise said in a note.

Meanwhile, U.S. retail sales increased more than expected in September, spurring expectations of another interest rate hike by the Federal Reserve by year-end. Interest rate hikes to curb inflation can slow economic growth and reduce oil demand.
Venezuela's government and its political opposition on Tuesday agreed to electoral guarantees for 2024 presidential elections, paving the way for possible U.S. sanctions relief that could eventually boost oil supplies.

Posted by nikicheong > 2023-10-18 17:48 | Report Abuse

The "Our Services" page has been fully updated: http://www.bumiarmada.com/our-services/

Bumi Armada Berhad provides services throughout the oil and gas value chain – from exploration through to field development construction, production and operations – via three central business units.

Business Units:

1. Operations
2. Gas Infrastructure
3. Subsea Construction

Having simultaneously managed and delivered several large projects safely, the company has developed a reputation for its project management capabilities. We deliver innovative solutions and quality facilities that incorporate leading technologies to cater to your needs in field development, production and storage.

As an integrated oilfield services provider wherever your company is, in terms of field development and production, Bumi Armada offers a range of capabilities from life of field surveys, production facilities, installation and operations. Drawing on our decades of experience we will bring innovative solutions to bear, provide quality facilities safely and services as well as incorporate leading technologies where appropriate.

Posted by nikicheong > 2023-10-18 17:49 | Report Abuse

1. Operations

The Operations business unit specialises in engineering, procurement, construction, commissioning, and the operations of floating oil and gas facilities as per the specific requirements of clients.

3 wholly owned FPSOs
3 jointly owned FPSOs
1 Liquefied Natural Gas ("LNG") floating storage unit ("FSU")
1 partially owned FPSO under construction

Posted by nikicheong > 2023-10-18 17:49 | Report Abuse

2. Gas Infrastructure

In line with the company’s sustainability strategy, gas infrastructure will drive future growth. The business focus is in developing the network of facilities and systems used for the extraction and distribution of natural gas. This is essential for ensuring a reliable and efficient supply of cleaner burning fossil fuels to meet the growing demand for cleaner energy.

To support our clients to achieve 2050 Net Zero within the timeframe required, Bumi Armada has developed several innovative solutions offering the opportunity to reduce the amount of greenhouse gases released into the atmosphere.

- Floating LNG Unit for early monetization of stranded gas;
- Floating Storage Regasifcation Unit to meet early demand for natural gas;
- Carbon Capture to reduce the amount of greenhouse gases released into the atmosphere;
- Floating CO2 Storage Injection Unit to create negative emissions.

Posted by nikicheong > 2023-10-18 17:50 | Report Abuse

3. Subsea Construction

Subsea Construction specialises in EPCI and T&I subsea projects, with in-house construction vessels, assets, and facilities located in Caspian Sea, capable of undertaking offshore construction at various water depths:

a. Armada Installer
Derrick Pipe-Lay Barge with traditional S-Lay and J-Lay laying capabilities and heavy-lift capabilities

b. Armada Constructor
Multipurpose Shallow Water Barge with very-shallow water pipelaying and dredging capabilities

c. Post-Trenching / Deburial Systems
Cutting machine and jetting machine

Posted by Jacintha > 2023-10-20 09:12 | Report Abuse

sorry guys i dont understand what is i3licker trying to potray in regards to the stock/market. but, people like nike and the rest (most) are fantastic; it helped boost my morale, kudos.