sell sell please queue sell if no confidence...wait 80USD come back buy then we'll sell to you ;-) almost 60m queue wait for it...wait for it...Queue Queue Queue...
Short sellers got burnt big time ... Don't need to keep 2 to 3 years. Another 12 months and target core EPS 2.1 sen with oil price $65 and this is only SK408 phase 1. PE 50 due to anticipated global shortage =>RM1.07. Velesto has PE 95, i.e. PE 50 is easily attainable.
FOR IMMEDIATE RELEASE Kuala Lumpur, 9 February 2021 CLARIFICATION REGARDING SAPURA ENERGY’S JOINT VENTURE WITH SEADRILL Sapura Energy Berhad (“SEB”) wishes to clarify that its joint venture with Seadrill, namely Sapura Navegacao Maritima SA (“SNM”), is not impacted by the recent Chapter 11 cases filed by several Seadrill subsidiaries operating in Asia. In a clarification to Bursa Malaysia today, SEB states the Chapter 11 filing by Seadrill does not involve SNM or entities related to the corporate structure of the joint venture. SEB stressed that the filing has no financial impact on SEB’s business plans and financial strength. SNM is the only joint venture between Sapura Energy and Seadrill. Headquartered in Rio de Janeiro, SNM is one of the leading subsea services operators in the Brazilian market, with a fleet of submarine service vessels providing support, installation and flexible pipe laying expertise to clients in the region. The company has a workforce of more than a thousand professionals, from 21 different nationalities. SEB’s clarification was in response to a media report linking Seadrill’s Chapter 11 filing of its Asian units, to the Brazil-based SNM. In the clarification, SEB also explained that the filing has no effect on its contracts with Petrobras, which forms the main revenue for SNM; and does not trigger any cross default for the joint venture’s business financing.
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....
cashflow
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Posted by cashflow > 2021-02-09 09:06 | Report Abuse
Supposed to values at 20 cents given the Oil and Gas price rally. All big boys still busy with glove counter. Enter O&G now