Posted by strattegist > 2022-03-08 13:32 |

Post removed.Why?

Posted by bobvic96 > 2022-03-08 16:01 | Report Abuse

https://www.theedgemarkets.com/article/local-energy-stocks-lag-despite-oil-price-surge-some-players-still-hurt-previous-downcycles

Since the beginning of the year, the Bursa Malaysia Energy Index (KLENG Index), which tracks O&G counters, has not moved in tandem with the rise in crude oil prices.

The index only gained 5.85% year-to-date (YTD) despite Brent having rallied from US$78 per barrel which was reported on Jan 3.

According to data from Bloomberg, out of 25 constituents in the benchmark index, 13 counters have gained YTD (as of Monday), 11 counters were down and only one counter was unchanged.

Only Hibiscus Petroleum Bhd, Deleum Bhd, Alam Maritim Resources Bhd, Coastal Contracts Bhd and Petra Energy Bhd have put on double-digit gains in their share prices since January.

Other O&G players such as Handal Energy Bhd, Sapura Energy Bhd and Yinson Holdings Bhd were the top index losers, having declined by 22.5%, 20% and 18.67% respectively since the beginning of the year.

Posted by JoshuaMS7 > 2022-03-08 16:51 | Report Abuse

woo almost broke 0.035!!

Posted by kyliew > 2022-03-08 17:49 | Report Abuse

Better faster broke, don't pull2 push2 here and there

Posted by Mabel > 2022-03-08 19:02 | Report Abuse

Operator is still hungry...

Once they have collected enough, sure they will push lor...

Be Greedy when others' are running

Posted by kyliew > 2022-03-08 19:25 | Report Abuse

Who is the operator? The invisible hand behind all this drama

Posted by polycarp > 2022-03-08 23:32 | Report Abuse

Must be bossku who has the billions.
Sapura where have you been all my life?

Posted by bullmarket1628 > 2022-03-09 07:02 |

Post removed.Why?

Posted by bullmarket1628 > 2022-03-09 07:27 | Report Abuse

Biden announces ban on Russian oil imports, calling it 'Putin's price hike'
March 8, 2022, 9:43 PM +08�/�Updated�March 9, 2022, 2:25 AM +08
By Kristen Welker, Peter Alexander and Rebecca Shabad
https://www.nbcnews.com/politics/politics-news/us-ban-russian-oil-imports-rcna19119

WASHINGTON ? President Joe Biden announced Tuesday that the U.S. will target "the main artery of Russia's economy" by banning the import of Russian energy products.
"We're banning all imports of Russian oil and gas and energy," Biden said in remarks from the White House. "That means Russian oil will no longer be acceptable at U.S. ports and the American people will deal another powerful blow to Putin's war machine."

The president warned that the move would probably increase gas prices in the U.S., but that it was necessary to ramp up sanctions pressure on Russia's economy for its war on Ukraine.�
?Putin's war is already hurting American families at the gas pump," Biden said. "I?m going to do everything I can to minimize Putin's price hike here at home.?
Biden's language clearly anticipated a concerted Republican effort to blame him directly for the rise in gas prices, which hit a record in the U.S. on Tuesday. With gas prices certain to become a huge political issue in this year's midterm elections, Biden devoted much of his remarks to focusing American anger directly on Putin, while also encouraging U.S. energy companies to produce more domestic oil.
The president said the U.S. had made the decision to ban Russian energy products "in close consultation" with allies around the world, particularly in Europe. He said many of those partners may not be able to take the same action.
"The United States produces far more oil domestically than all of Europe," said Biden, who said the U.S. is a net exporter of energy. "We can take this step when others cannot, but we're working closely with Europe and our partners to develop a long-term strategy to reduce their dependence on Russian energy as well."

Posted by bullmarket1628 > 2022-03-09 08:21 | Report Abuse

Oil surges as U.S. bans Russian crude, Britain to phase out purchases
By Shariq Khan. 9-3-2022

https://www.reuters.com/business/oil-see-saws-near-14-yr-highs-us-weighs-russia-oil-embargo-2022-03-08/

BENGALURU, March 8 (Reuters) - Oil prices settled around 4% higher on Tuesday as the United States banned Russian oil imports and Britain said it will phase them out by year end, decisions expected to further disrupt the global energy market where Russia is the second-largest exporter of crude.
Oil prices have surged more than 30% since Russia invaded Ukraine, and the United States and other countries imposed a raft of sanctions. Russian oil and gas exports were already being shunned before the ban as traders sought to avoid running afoul of future sanctions.
U.S. President Joe Biden announced a ban on Russian oil and other energy imports. Britain said it will phase out the import of Russian oil and oil products by the end of 2022, giving the market and businesses time to find alternatives.

Brent crude futures settled at $127.98 a barrel, 3.9% higher, while U.S. crude futures settled at $123.70 a barrel, a 3.6% increase.

Russia ships 7 million to 8 million barrels per day of crude and fuel to global markets. European allies are not expected to join the United States in the ban, but major buyers there are already shunning Russian oil. Shell, the one notable major that did buy Russian crude, faced a torrent of criticism, including from Ukraine's foreign minister. On Tuesday, Shell said it would no longer buy Russian oil.
The disruption could ripple through other energy markets, as Russian oil and products are used for refining into other goods...

Posted by JoshuaMS7 > 2022-03-09 10:23 | Report Abuse

finally broke 0.035 and towards 0.005 and delisted soon?

Posted by citadel888 > 2022-03-09 10:30 |

Post removed.Why?

Posted by kyliew > 2022-03-09 10:38 | Report Abuse

Delist? Pls sell all the billions asset first

Posted by Understand > 2022-03-09 10:46 | Report Abuse

Ahya JSM7 cut loss already that why he crying here.Just be patient big players still collecting.

Posted by kyliew > 2022-03-09 10:49 | Report Abuse

Who is the big player, wondering

Posted by Mabel > 2022-03-09 10:50 | Report Abuse

Sapnrg is the most active counter with huge volume..

Here's the best part..

It's GREENNNNNNNNN

Meow Meow Meow

Posted by kyliew > 2022-03-09 10:52 | Report Abuse

Can check who is buying?

Posted by cashflow > 2022-03-09 10:53 | Report Abuse

Big players exchange hands at 3.5 cents. Now they will bang up

Posted by kyliew > 2022-03-09 10:53 | Report Abuse

Yea the candle stick turns to green finally

Posted by sunsetbiz > 2022-03-09 11:35 | Report Abuse

billions asset....u means the goodwill ...^^

Posted by Third_Order > 2022-03-09 12:04 | Report Abuse

Biden announces Russian oil import ban and warns gas prices could increase even more

Posted by Mabel > 2022-03-09 12:09 | Report Abuse

THey are already talking about USD 150 per barrel

Posted by strattegist > 2022-03-09 14:48 | Report Abuse

3.5 sen

Posted by BLITZRIEG > 2022-03-09 15:57 | Report Abuse

Ya?.only willing to que buy at 3.5sen & below knowing the current state still in red territory?..will que higher once get positive news / outcome

Posted by bullmarket1628 > 2022-03-10 00:52 | Report Abuse

Malaysia will reopen its borders to international travellers on April 1, says PM
By JOSEPH KAOS
Tuesday, 08 Mar 2022 5:44 PM MYT

https://www.thestar.com.my/news/nation/2022/03/08/malaysia-will-reopen-its-borders-to-international-travellers-on-april-1-says-pm

KUALA LUMPUR: Malaysia will reopen its borders to international travellers starting April 1, says Datuk Seri Ismail Sabri Yaakob on Tuesday (March 8).
The Prime Minister said visitors, as well as Malaysian returnees, who are fully vaccinated are not required to undergo quarantine upon arrival.
They, however, must undergo a RT-PCR test two days before departure and a rapid test (RTK) upon arrival.
As for travellers who have not been fully vaccinated, Ismail Sabri said the entry procedures will be explained by Health Minister Khairy Jamaluddin on Wednesday (March 9).
?As part of our ?Transitioning to Endemicity? phase, the government has decided to reopen the country?s borders from April 1.
?This move will revive the country?s economy, especially the tourism industry that has been heavily affected by the pandemic.
?The decision is made based on science and current facts related to Covid-19, as well as the reopening of borders in other countries...

Posted by strattegist > 2022-03-10 11:38 | Report Abuse

3.5 sen

Posted by cashflow > 2022-03-11 11:04 | Report Abuse

Malaysian O&G has collapsed due to lack of foreign investments. Also, local investment agencies are gradually reducing their stake in these firms due to the volatility. Investors will only jump in once they see dividends.

Posted by billyraycyrus > 2022-03-11 14:42 | Report Abuse

lack of foreign investment? downstream: aramco has poured money into RAPID. upstream: yes, correct, but this phenomenon has been seen globally since the decline in 2014, it is not unique to Malaysia in any way. perhaps now we will see the uptick in FIDs..

Posted by Mabel > 2022-03-11 17:34 | Report Abuse

This counter is like Yo-yo..

Too narrow to trade.. 0.005 sen trade is peanuts..

So we wait lor for the kill..

Meow

Posted by Mabel > 2022-03-11 17:38 | Report Abuse

The stock currently trades at fire-sale valuations..

Let's see how it progress..

Have a great weekend everyone

Meow

Posted by strattegist > 2022-03-11 19:14 |

Post removed.Why?

Posted by Michael R. > 2022-03-12 00:45 | Report Abuse

15bil NOSH ...how to move? sharks play 0.005 sen trade..

Posted by ivanlau > 2022-03-12 21:13 | Report Abuse

Wonder GS So-chai Chong still hold this stock or not ??

Posted by KinYin > 2022-03-13 20:50 | Report Abuse

Winding up ka this sapura?

Posted by cashflow > 2022-03-14 10:46 | Report Abuse

Pornstar management still silent

Posted by kyliew > 2022-03-14 11:27 | Report Abuse

This month they have to issue the QR and annual report, they can't hide in cave anymore. Have to face the public

Posted by rr88 > 2022-03-14 11:40 | Report Abuse

4.70 to 0.035 close shop soon

Posted by kyliew > 2022-03-14 16:10 | Report Abuse

SHIT Management to be precise

Posted by strattegist > 2022-03-14 20:26 |

Post removed.Why?

Posted by strattegist > 2022-03-15 19:12 | Report Abuse

3.5 sen

Posted by cashflow > 2022-03-16 07:51 | Report Abuse

Better they hire pornstar to attract investors

Posted by freddiehero > 2022-03-16 08:01 |

Post removed.Why?

Posted by Mabel > 2022-03-16 14:01 | Report Abuse

Haha Yo Yo counter..

Posted by Alistino G > 2022-03-17 20:59 | Report Abuse

Have not been here for a very long time. Seeing some familiar names. With a market like this, only 3.35b traded, it is quite difficult to push any counter. Having said that, world oil prices would continue to climb and this would give many Oil & Gas counters a good profit.

Posted by Understand > 2022-03-17 23:13 | Report Abuse

Seriouslly very good move from Anuar Taib.

Posted by loyalok > 2022-03-18 13:39 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3243885

Posted by loyalok > 2022-03-18 13:42 | Report Abuse

NTA only left 2 sen

Posted by taihai > 2022-03-18 13:47 | Report Abuse

very very good company ??? loss little bit compare to airasia >?

Posted by freddiehero > 2022-03-18 14:04 | Report Abuse

kantao besar..

Posted by freddiehero > 2022-03-18 14:05 | Report Abuse

Betta than my pn17 daya, cool