#Godofgambler In reality no one want Sapura to sink. You think everyone wants to see Titanic Ship to sink? Only those heart rotten will want to see this disaster to happen. 23/03/2022 10:03 AM
Now the ball is at PNB side. why kick the ball to petronas. Making petronas in hot soup to bailout out Sapnrg. Petronas ada more important role to play. To fund gorment of the day with higher dividend payout to spend on more important matters. Correct?
Gorment budget deficit every year also need Petronas to pay higher dividend leh. Better pay to gorment and spend on rakyat leh. This one ular sapot rafizi lah. Sapnrg leave it to PNB sendiri to settle it lah. Bukan PNB takda capability to save Sapnrg from gulung tikar lah. Correct?
Bagi sapnrg gulung tikar lagi bagus..habis cerita..lepastu tukar nama..use same modus operandi…feed again the elites…sampai la abang Jamil mampus!!! ingat rakyat marharn ini takntau ke game orang bangsawan ni. Doubt tss will save this co. dia sudah kaya, apa lagi dia mau
#kong73 Sapura oil exploration asset is very valuable if it falls into foreign hands 23/03/2022 10:54 AM
Yes Kong73..
With this restructuring, Sapura Energy’s debt will be reduced from RM10.6bil to RM2.65 bil. Despite this massive haircuts, the company’s gearing ratio from 42x to 1.08x. This figure is actually quite close to other Mabel Energy Battleships peers.
KUALA LUMPUR (March 23): Petroliam Nasional Bhd (Petronas) has signed production sharing contracts (PSCs) for five offshore exploration blocks, which would attract a capital commitment of about RM600 million in exploration activities in Malaysia.
In a statement on Wednesday (March 23), the national oil company said the blocks comprise SB412, 2W and X located off the coast of Sabah, and SK439/SK440 located off the coast of Sarawak.
Block SB412 in Sabah was signed between Petronas, PTTEP HK Offshore Ltd and SapuraOMV Upstream (M) Sdn Bhd, while the PSCs for ultra-deepwater Blocks 2W and X were signed between Petronas, Sabah Shell Petroleum Company Ltd (SSPC), Shell Sabah Selatan Sdn Bhd (SSS) and Petronas Carigali Sdn Bhd (PCSB).
if Gov as guarantor to loan money to Sapura so that it can recover and protect the oil asset fall in to foreigner cheaply and avoid mass retrenchment. yeah i guess this is a common strategy adopt by western as well cause the downfall of SE is partially caused by disaster pandemic. Gov didn't lose any money, Creditor can recover portion of the loan, no retrenchment and oil asset still remain under SE.
the problem i guess is now majority don't trust the SE will recover under AT leadership even with the support form gov. if you believe AT can rebuilt the company SE, i guess everyone will agree that Gov to grant loan for SE.
SE rugi billions .. but CEO gaji /perks over RM 70 Mil per annum ... Nice !! Thats how GLC works and crumbles .. and then bailouts. Yes .. Save SE for the assets and potential BUT SACK and BLACK LIST the current management !!
haha, this why the ex-CEO who received 100 million per annum was kick out mah. and the previous regime has already move out one by one.
but the ex-CEO still holding 14% of share, so save SE he will still benefit even he is no longer in current management.
this will be the ugly true, for ex-CEO he will still enjoy his luxury life regardless SE situation. Gov not saving the SE, ex-CEO is still billionaire, Gov save SE, ex-CEO is still billionaire. not much impact.
the one who suffer are sub-contractor, worker if the Gov didn't bail out SE......
i don't like 1mdb, but somehow he really good in gaining attention and 'buy' vote without using money.
if you are one of the contractor or sub-contractor of Sapura, you will found he really care about us and help us who impact by pandemic. Sapura has around 5k staff + 5k staff from vendor, and family member. this will help him to get more vote leh.
on other side, people who impact by Sapura will hate PKR who dump them and show no mercy to them.
Petronas would do better fit to savage Saprng! If it's profitable venture, then why not! PNB has zero expertise! I mean, at current oil price, it's no brainer really! Save Saprng, save PNB, save creditors, save those workers! In the end, make money from rubbish!
If oil price is at usd25, yeah, it's totally not worth it! But at above usd100 which will stay for the next 2 years or so, while many domain rigs slowly been activated, it's an opportunity!
actually high salaries made Sapura bankrupt but someone says must save the company so that the CEO can continue to get RM72 million per year gaji kakakakakakakakakaka
Sapnrg jadi ini macam bukan King Shahril salary leh. His salary baru in hundred mil but sapnrg debt in billions leh. Why you jelas he made so much during sapnrg at peak earning billion for the company mah. Cannot blame King Shahril leh. Even Genting boss also made hundred of million leh. Why you didnt scold the boss make Genting HK insolvent leh. You very bias only attack King Shahril leh. King Shahril pun ada muntah balik when subscribed RI pumped in few hundred millions to rescue Sapnrg leh. After that he ada lagi bought more saham also lah. You all very bad leh. Keep used the high salary issue and talked for many years leh. Correct?
i3lurker
actually high salaries made Sapura bankrupt but someone says must save the company so that the CEO can continue to get RM72 million per year gaji kakakakakakakakakaka
NEW YORK, March 23 (Reuters) - Oil prices jumped 5% to over $121 a barrel on Wednesday as disruptions to Russian and Kazakh crude exports via the Caspian Pipeline Consortium (CPC) pipeline added to worries over tight global supplies. The situation adds to market worries about the ripple effect of heavy sanctions on Russia, the world's second-largest crude exporter, after its invasion of Ukraine. The CPC pipeline is a significant supply line for global markets, carrying around 1.2 million barrels per day of Kazakhstan's main crude grade, or 1.2% of global demand.
Brent crude futures settled up $6.12, or 5.3%, to $121.60, while U.S. West Texas Intermediate (WTI) crude futures rose $5.66, or 5.2%, to $114.93 a barrel. Oil benchmarks have been steadily rallying since Russia invaded Ukraine a month ago in what it calls a "special operation" and United States and its allies slapped heavy sanctions on that nation, disrupting worldwide oil trade. Russia exports between 4 million and 5 million barrels of crude every day, making it the world's second-largest exporter behind Saudi Arabia. Analysts have varying estimates of how much oil will be unable to make it to market.
Even close shop pun need to take 3 years lah. Wait lah see Bossku can convinced the Gorment of the day to accept his proposal or not lah. Everyone at here with high hope Bossku can help them leh. Correct?
Huatexpert
Sell assets , pay debt and close shop... The more businesses and contracts it get, more money lost , lousy company. Which bank want to lend more money to Sapura with so high risk at bankruptcy, so much debt with no profit... Close shop or delisted is just matter of time, as early as end 2022.
During PH time Gorment cost cutting to save money and pay debt leh. Budget deficit punya pasal. Where got so much money can suka suka spend like BN time leh. Correct?
Godofgambler
During Harapan days.. Not much new projects coming in..
59 minutes ago
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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....
Mabel
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Posted by Mabel > 2022-03-23 10:23 | Report Abuse
#Godofgambler In reality no one want Sapura to sink.
You think everyone wants to see Titanic Ship to sink?
Only those heart rotten will want to see this disaster to happen.
23/03/2022 10:03 AM
Meow bro!