VELESTO ENERGY BERHAD

KLSE (MYR): VELESTO (5243)

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Last Price

0.12

Today's Change

-0.005 (4.00%)

Day's Change

0.12 - 0.125

Trading Volume

11,831,000


25 people like this.

20,812 comment(s). Last comment by SinGor 1 day ago

Bon888

219 posts

Posted by Bon888 > 1 month ago | Report Abuse


Bon888

Is Velesto a PN17 company? Or going towards PN17 company? If not, what the hell you guys worry about, put all your free cash in and wait for the climax. Akan datang tapi lama sikit. Enjoy the journey OK.

Macgyver11

1,716 posts

Posted by Macgyver11 > 1 month ago | Report Abuse

Agreed with Bon88....

Macgyver11

1,716 posts

Posted by Macgyver11 > 1 month ago | Report Abuse

Velesto not high debt company like Sapura. Financial structure well managed. Lot of order in hand this year and next year...

Macgyver11

1,716 posts

Posted by Macgyver11 > 1 month ago | Report Abuse

No reason for PN17

Macgyver11

1,716 posts

Posted by Macgyver11 > 1 month ago | Report Abuse

Lets hope for this new CEO doing great job and bring Velesto to glory again.

EAGLE

252 posts

Posted by EAGLE > 1 month ago | Report Abuse

Banyak berat. Mau 12 sen pun susah.

Posted by Koyetlua > 1 month ago | Report Abuse

Good signal, 11.5 sapu all

Bon888

219 posts

Posted by Bon888 > 1 month ago | Report Abuse

@Macgyver11 where you get the 80% utilization data?

Posted by nasrulfahmi > 3 weeks ago | Report Abuse

very good

Harryww

59 posts

Posted by Harryww > 3 weeks ago | Report Abuse

Buy now otherwise missed the golden chance. 30 coming when the q result.

hoot9e996

1,374 posts

Posted by hoot9e996 > 3 weeks ago | Report Abuse

about time it fly....

Posted by nasrulfahmi > 3 weeks ago | Report Abuse

very good

Macgyver11

1,716 posts

Posted by Macgyver11 > 3 weeks ago | Report Abuse

Buy buy buy don't miss the boat. Very good consecutive qtr coming soon.

Bon888

219 posts

Posted by Bon888 > 3 weeks ago | Report Abuse

Hari Raya Green Packet kecil, 2 cents

Posted by Warren_Buffett88 > 3 weeks ago | Report Abuse

no regret if buy now and keep until next year....

Macgyver11

1,716 posts

Posted by Macgyver11 > 3 weeks ago | Report Abuse

Annual report - balance order book as at march 2022 is 661mil

Macgyver11

1,716 posts

Posted by Macgyver11 > 3 weeks ago | Report Abuse

Daily rig rate last year usd68k/d this year might be different or perhaps more higher in conjunction with higher crude oil price...

Macgyver11

1,716 posts

Posted by Macgyver11 > 3 weeks ago | Report Abuse

No need to wait until next year before next year we can harvest ready if this company can generate good profit and increase rigs utilisation.

Macgyver11

1,716 posts

Posted by Macgyver11 > 3 weeks ago | Report Abuse

Higher oil price here to stay longer no doubt that velesto can pare down their debt efficiently.

CHLEONG888

874 posts

Posted by CHLEONG888 > 3 weeks ago | Report Abuse

0.30 coming, why not 3.00 is more realistic

Posted by bullmarket1628 > 2 weeks ago | Report Abuse

Walaoeh, oil price spike up Like mad!
Brent closed at=> $110.14 +5.17 +4.93%

Like that today Velesto going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2 weeks ago | Report Abuse

Oil price jumps US$5 a barrel as EU nears ban on Russian oil
Thursday, 05 May 2022 7:13 AM MYT

https://www.thestar.com.my/business/business-news/2022/05/05/oil-price...

NEW YORK: Oil prices jumped on Wednesday, as the European Union, the world's largest trading bloc, spelled out plans to phase out imports of Russian oil, raising concerns about further market tightness as those nations hunt for adequate supply.
Crude benchmarks have risen steadily over the past two months following Moscow's invasion of Ukraine. Until now, the European Union has been reluctant to fully cut off imports of Russian oil and gas, and its plans still do not suggest a full ban for all EU members.
Europe imports some 3.5 million barrels of Russian oil and oil products daily, and also depends on Moscow's gas supplies.
"Inventories are so tight, so against this backdrop, when you're talking about this ban, there are a lot of questions on how (Europe) is going to make up for this," said Phil Flynn, senior analyst at Price Futures Group.
Brent crude LCOc1 futures settled up $5.17, or 4.9%, to $110.14 a barrel. West Texas Intermediate crude CLc1 futures settled at $107.81 a barrel, up $5.40, or 5.3%.
European Commission President Ursula von der Leyen on Wednesday proposed a phased oil embargo on Russia, as well as sanctioning Russia's top bank.
The Commission's measures include phasing out supplies of Russian crude within six months and refined products by the end of 2022, von der Leyen said. She also pledged to minimise the impact of the move on European economies.

Hungary and Slovakia, however, will be able to continue buying Russian crude oil until the end of 2023 under existing contracts, an EU source told Reuters.
Russia could offset the loss of one of its primary customers by selling oil to other importers including India and China. Neither country has stopped buying from Moscow.
Needs for much greater supplies are not likely to be met at a meeting on Thursday of the Organization of Petroleum Exporting Countries and allied producers. OPEC+ is expected to stick to its plan for a gradual ramp-up of monthly production.
In the United States, crude stocks rose modestly last week, according to the U.S. Energy Information Administration. Stocks were up 1.2 million barrels as the United States released more barrels from its strategic reserves.
Fuel stocks fell, in part due to stronger exports of products since Russia's invasion as buyers have sought other sources. EIA/S
The markets largely shook off the Federal Reserve's announcement that it would raise interest rates by a half percentage point to try to bring down rising inflation.
"The market was up so strong before the announcement I think (the Fed) was a foregone conclusion," said Gary Cunningham, director of market research at Tradition Energy.- Reuters

Posted by bullmarket1628 > 2 weeks ago | Report Abuse

Walaoeh, super damn hot man Velesto today !
Now Velesto already traded at=>
0.13 +0.01 +8.3%

Heng ah, Ong ah, Huat ah !

EAGLE

252 posts

Posted by EAGLE > 2 weeks ago | Report Abuse

Mari mari angpau raya

Posted by nasrulfahmi > 2 weeks ago | Report Abuse

very good

Bon888

219 posts

Posted by Bon888 > 2 weeks ago | Report Abuse

Thank you very much for thus who sold me Velesto at 0.105.

Macgyver11

1,716 posts

Posted by Macgyver11 > 1 week ago | Report Abuse

Tunggu punya tunggu rambut pun sdh beruban...kiki

Legend

3,866 posts

Posted by Legend > 1 week ago | Report Abuse

Oil slips more than 2% on fears recession may hit demand.
LONDON (Reuters) -Oil prices dropped more than 2% on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe.

Expertise

1,252 posts

Posted by Expertise > 1 week ago | Report Abuse

Will be very good Q1

Macgyver11

1,716 posts

Posted by Macgyver11 > 1 week ago | Report Abuse

Yeah! Q1 is around the corner. 2 more weeks to go. Expected good one.

Harryww

59 posts

Posted by Harryww > 1 week ago | Report Abuse

Buy now and keep until next q.. 0.30 is within reach.

BigZakar

255 posts

Posted by BigZakar > 6 days ago | Report Abuse

tp Rm1 before merdeka!!!!!!!!!!!!!

Expertise

1,252 posts

Posted by Expertise > 6 days ago | Report Abuse

Last chance to grab it,boarding soon to 30cts

Posted by bullmarket1628 > 6 days ago | Report Abuse

I think now O & G counters start booming is because the election is coming soon, market has to be hot hot only people can vote them to Win...

For those party whom can make market spike up like as 1990-1997 crazy hot stock market period, I will vote he/she Win !

Heng ah, Ong ah, Huat ah !

EAGLE

252 posts

Posted by EAGLE > 6 days ago | Report Abuse

Haaaa Lai Lai lai....siapa lambat rugi

colin888

268 posts

Posted by colin888 > 6 days ago | Report Abuse

What is wrong with this stock! Even Sapura is now 7 cents! Serba is now higher ! Wtf

kyliew

285 posts

Posted by kyliew > 6 days ago | Report Abuse

Cash is king, switch to Sapura

colin888

268 posts

Posted by colin888 > 6 days ago | Report Abuse

Hopeless stock! I have invested 130k and it’s still bleeding.

Expertise

1,252 posts

Posted by Expertise > 6 days ago | Report Abuse

Cash is king..oil theme this cycle till election …hohoho

CHLEONG888

874 posts

Posted by CHLEONG888 > 6 days ago | Report Abuse

A bit disappointed, merely increased half a sen

Posted by Skywalker00 > 6 days ago | Report Abuse

Najib got say included Volesto he will help. Hooray!!!

Posted by kahfui1221 > 6 days ago | Report Abuse

出席先前分析汇报会得知,自升式(JU)钻井平台工作的时间表后,我们估计Velesto能源末季钻井平均使用率为77%,比先前预测的70%高,因为进行中钻井工作时间,应该会比预期来得长。

尽管当季有可能录得盈利,但我们出于谨慎考量,没有将末季财测改为盈利,因为该公司存有难以预测且持久的营运成本压力。

若钻井工作因确诊员工而拖累,成本会变得非常高昂,因为船员薪水持续累积,且人手短缺意味现有钻井船员需延长逗留时间,就必须给出补偿。

由于无法招募外国船员,该公司本地其他钻井平台经理不得加大工时,提高工资以弥补离职者工作空缺。

因此,我们预料防疫成本与薪金调账,会在明后财年持续带来压力。

不过,我们相信下财年钻井使用率可达70%,故维持财测、“守住”评级和14仙目标价。

Posted by NoobRookie > 3 days ago | Report Abuse

come on velesto!!!

DickyMe

12,005 posts

Posted by DickyMe > 2 days ago | Report Abuse

0.03 sen coming soon.

Eric Lim

385 posts

Posted by Eric Lim > 2 days ago | Report Abuse

Two joint operating companies in Vietnam have secured a jack-up drilling rig for their planned offshore development wells this year in the Cuu Long basin.

The Hoang Long joint operating company is the operator of the Te Giac Trang oilfield in Block 16-1 while the Hoan Vu joint operating company is the operator of the Ca Ngu Vang oilfield in Block 9-2.


Vietnam: Eni back in the offshore drilling groove in Ken Bau area
Read more
At Te Giac Trang, the joint owners plan to drill two new production wells in the second half this year, and at Ca Ngu Vang the plan is to drill one new well in the same timeframe, said co-owner in both fields Pharos Energy.

A letter of award has been signed with Malaysia's Velesto Energy for the drilling rig Naga-3 for a firm two wells, with an option for a third well.

Posted by bullmarket1628 > 1 day ago | Report Abuse

Report: MoF Inc eyeing financial support for Sapura Energy 
Saturday, 21 May 2022 7:20 PM MYT
By John Bunyan

https://www.malaymail.com/amp/news/malaysia/2022/05/21/report-mof-inc-...

KUALA LUMPUR, May 21 — The Minister of Finance (Incorporated) MoF Inc may provide financial assistance to ailing oil-and-gas giant Sapura Energy Bhd, according to sources.

Sources familiar with developments at the wholly-owned Finance Ministry unit told The Edge that the intervention would be made under MoF (Inc) Act, which empowered the finance minister to enter into business transactions for social and strategic purposes.

"From what I know it is MoF Inc that will step up (lend a helping hand to Sapura Energy. What is discussed at present is some sort of assistance package...it could be a grant of some sort and it could be announced soon," one source was quoted as saying in the latest edition of The Edge.

It also said Finance Minister Tengku Datuk Seri Zafrul Aziz has been working on the proposal for several weeks......

Posted by bullmarket1628 > 1 day ago | Report Abuse

财经新闻
财政部机构出手救沙布拉能源?
2022年05月21日
https://www.enanyang.my/财经新闻/财政部机构出手救沙布拉能源

(吉隆坡21日讯)财政部机构将出手救助陷入财困的沙布拉能源(SAPNRG,5218,主板能源股)?
财经周刊《The Edge》引述消息人士透露,政府如今打算透过直接隶属于财政部的财政部机构(MoF Inc),援助这家深陷困境的油气服务供应商。

“据我所知,站出来的将是财政部机构。目前正在讨论的是某些援助方案……可能是某种形式的赠款,预料很快会宣布。”

报道也指出,财政部长东姑扎夫鲁早在数周前,就着手拯救沙布拉能源的计划,但政府透过哪家官联机构出手却一直是个疑问。
财政部机构是在1957年财政部机构法令下设立的官联机构,主要目的是投资在私人界缺乏兴趣的社会服务领域。

国家石油(Petronas)、国库控股(Khazanah),以及一马发展公司和负责拯救朝圣基金局的Urusharta Jamaah私人有限公司等,都隶属于财政部机构。
前首相拿督斯里纳吉建议由国家石油出手相救,但市场观察员认为,作为沙布拉能源的客户,国油收购其承包商并非好主意。
而沙布拉能源的最大股东国民投资机构(PNB),在重压下料也不敢贸然伸出援手。

2018年沙布拉能源发行附加股筹资40亿令吉时,国民投资机构豪掷接近27亿令吉,购入大量未被认购的附加股,让手中持股从原本的12.6%,大增至接近40%。
然而,这笔无法为单位基金持有人带来收益的投资,已经引发投资者的不满。
曾经是全球第二大油气服务供应商的沙布拉能源,1月杪的短期债务已经飙高至106.6亿令吉,其严峻的财务危机,已经引发政商界的高度关注。

SinGor

3,385 posts

Posted by SinGor > 1 day ago | Report Abuse

as usual Velesto announce Contract( vietnam ) before Qr results.....so announcement comes next week
and ends with Qr results. No idea Qr outcome but if SAP goes Limit Up, it will pull Velesto Up too

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