yes crude going up but how many here brave. most of you guys scared pansies. hold only few days wanna make quick bucks. we know commodities play never smooth upwards. shock shock type but you all jenis get 10 to 15% suddenly all queue order wanna sell as if la the world is not going to recover from the covid and no plane will ever fly again. too many of these type of traders make the price discovery so noisy. lousy!
sapura will not immediately benefit from high oil price. once the price stabilizes at a high level, capex funding will be slowly released from super-majors and JVs through FIDs. with this, the long-term contract awards to EPCC start to happen. there is a lag, but the benefit will come.
Of course sapnrg will benefit immediately from high energy price bcos it own oil & gas field together with its partner OMV.
When oil price sustained its EPCC & oil drilling business, rig, vessel chartering will benefit even more loh!
Posted by ronsimmons > Jun 10, 2021 9:56 AM | Report Abuse
sapura will not immediately benefit from high oil price. once the price stabilizes at a high level, capex funding will be slowly released from super-majors and JVs through FIDs. with this, the long-term contract awards to EPCC start to happen. there is a lag, but the benefit will come.
KUALA LUMPUR (June 11): SapuraOMV Upstream (Malaysia) Inc is expected to complete its asset transaction with London Stock Exchange AIM market-listed Jadestone Energy plc for US$9 million (RM36.95 million) in the second half of this year (2H21).
SapuraOMV is a strategic partnership between Sapura Energy Bhd and OMV Exploration & Production GmbH (OMV), a subsidiary of Austria’s OMV Aktiengesellschaft.
U.S. investment bank Goldman Sachs expects Brent crude prices to reach $80 per barrel this summer as vaccination rollouts boost global economic activity.
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....
bullmarket1628
3,711 posts
Posted by bullmarket1628 > 2021-06-09 08:17 |
Post removed.Why?