10B debt to be paid in 7 years. Jerun output from 2024. No div from now until 2027 to partially pay debt and then have to refinance. In summary, high debt and no div until 2027. Over supply of LNG from Qatar ... so which senile IB wants to invest???? Very big opportunity cost holding this stock.
I still keep faith on Sapura, Big fund bought huge positions in NOv20, can check online to verify.Negotiated a new refinancing plan with banks.. Banks are most detail in judging the payee capability.
Current share price is still much lower than PreCovid. So I still have faith on it to go slowly to 20+ sen.
Saudi Aramco Restarts Projects To Boost Oil Production Capacity
The world’s largest oil company and biggest oil exporter, Saudi Aramco, has resumed tendering and development work on major offshore oil expansion projects
“Our other ‘Buy’ calls are Sapura Energy Bhd, which has just completed its RM10 billion debt restructuring package and repositioned the formidable engineering, procurement, construction, transportation and installation, and hook-up and commissioning services group to secure fresh global orders; and Petronas Gas Bhd which offers highly compelling dividend yields from its optimal capital structure strategy and resilient earnings base,” he added.
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....
srimaanis
33 posts
Posted by srimaanis > 2021-04-14 22:38 | Report Abuse
oil price make a move..