If the oil price keeps climbing, Sapnrg's rigs will be in great demand and we can expect the stock price to do a Lazarus and rise from the dead.
Statements have been made that the current natural gas price is the equivalent of circa $200/bbl, gas having more value than oil is unheard of previously.
RE cannot fill the gap in the medium term, fossil fuels will be around for a while.
'oil is loosing its uptrend' . How is that ? World economy just starting to get back to 'normal'. Demand for oil and gas is going to increase substantially in the next 12 months. More planes in the sky, more cars on the road etc etc. Going to be uptrend for next 12 months for sure.
standard trend...Bankers collect.... price cannot go UP. If Ikan Bilis push, they will Dump immediately.....we need syndicate now. Syndicate got more money than Bankers and go for very short term. However when they removed road block, ikan Bilis will rush in (also standard trend) When contra players makes money 3--4 rounds, they become permanent players
When O & G demand is high, these assets have become a very valuable assets.
To set up these assets not cheap, especially the current raw materials are up. Their existing assets will help up to achieve full capacity. Upstream operators will normally require the immediate operation. They don't care how much the service and cost they pay for, as long as they can make money from blend oil at current high price.
10 February 2021 - Sapura Energy Berhad (“Sapura Energy" or the “Company”) is pleased to announce that its wholly-owned subsidiaries and joint venture have been awarded contracts/contract extension with a combined value of approximately RM1.85 billion.
27 April 2021- Sapura Energy Berhad (“Sapura Energy" or the “Company”) is pleased to announce that its wholly-owned subsidiaries in Engineering and Construction (E&C) have been awarded contracts with a combined value of approximately RM1.0 billion.
21 July 2021 - Sapura Energy Berhad (“Sapura Energy" or the “Company”) is pleased to announce that its wholly-owned subsidiaries in Engineering and Construction (E&C), Operations and Maintenance (O&M) and Drilling have been awarded contracts/contract extensions with a combined value of approximately RM1.2 billion.
30 September 2021 - Sapura Energy Berhad (“Sapura Energy" or the “Company”) is pleased to announce that its indirect wholly-owned subsidiary and joint venture in Engineering and Construction (E&C) have been awarded contracts with combined values of approximately RM942.0 million and RM1.7 billion respectively with total RM 2.642 billion.
Petroliam Nasional Bhd (Petronas) sees its capital expenditure for the financial year ending Dec 31, 2021 (FY2021) to close at RM39 billion to RM40 billion compared to RM33 billion in the last financial year.
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 > 2021-10-16 07:13 |
Post removed.Why?