Posted by calvintaneng > 2019-03-13 08:44 | Report Abuse

There is no other oil and gas stock so safe like Velesto right now

Velesto has

1. Superior Assets
Most oil rigs and HWUs are only 4 to 5 years old
And they are chun chun at the right time in the right place... Just when Petronas is recommissioning moth-balled oil rigs and clod up oil wells

2. Superior Paymasters
Jobs contracted from Petronas and Shell ensure prompt payments

3. Superior Balance sheet
Of the 3 heavyweights Velesto gearing only 0.3 to 0.4. All backed by valuable real assets in oil rigs and HWUs

4. Superior Price

Velesto was once over rm4. 50
Now only 30.5 sen
The opportunity for upside is immense while losses almost negligible

This is it

Go for Velesto today!!!

Posted by Spyron_09 > 2019-03-13 08:51 | Report Abuse

today break 0.325
can go fly further
global oil keep rising as well
good luck for all

Posted by azta12 > 2019-03-13 09:00 | Report Abuse

nice, oil price moving up.

Posted by rijack88 > 2019-03-13 09:01 | Report Abuse

second dayang?

Posted by SuperPanda > 2019-03-13 09:11 | Report Abuse

end this week .325

Posted by SuperPanda > 2019-03-13 09:11 | Report Abuse

pls buy more calvin

Posted by enid888 > 2019-03-13 09:12 | Report Abuse

The writebacks will be a major booster. In bad times, the assets have to be impaired due to prudence basis. In good time, the impairments will be write backed as profits. These writebacks are like boosters for the price increase.

Posted by cybergreen > 2019-03-13 09:13 | Report Abuse

31c few second finish. soon will push to 33.5c

Posted by calvintaneng > 2019-03-13 09:19 | Report Abuse

VELESTO = VELE GOOD STOCK!!

Posted by calvintaneng > 2019-03-13 09:20 | Report Abuse

VELE GOOD!!

Posted by calvintaneng > 2019-03-13 09:20 | Report Abuse

VELE CHEAP!!

Buy at the beginning of A Bull Run for VELESTO!!!

Posted by enid888 > 2019-03-13 09:20 | Report Abuse

@Calvintaneng,

You are right. Velesto's rigs are very new. That is an advantage. New rigs need less maintenance and they are preferred by clients including Petronas, Hess and Shell. If the clients are to choose from a few vendors, they will definitely choose the vendors with new rigs. Fewer downtimes will be experienced.

Posted by calvintaneng > 2019-03-13 09:24 | Report Abuse

Posted by enid888 > Mar 13, 2019 09:20 AM | Report Abuse

@Calvintaneng,

You are right. Velesto's rigs are very new. That is an advantage. New rigs need less maintenance and they are preferred by clients including Petronas, Hess and Shell. If the clients are to choose from a few vendors, they will definitely choose the vendors with new rigs. Fewer downtimes will be experienced.

YOU ARE CORRECT & CHUN CHUN!!!

THAT WAS WHAT I SAW IN CARIMIN WHEN IT WAS 39 SEN

CARIMIN BEING NEW KID ON THE BLOCK HAS BRAND NEW EQUIPMENTS

AND TRUE TO THE LETTER

CARIMIN (Currymee) CHUN CHUN UP 100% LATER

THIS VELE GOOD VELESTO WILL FOLLOW CARIMIN!!!

Posted by cybergreen > 2019-03-13 09:39 | Report Abuse

woohoo.. someone throw me 30.5c. thanks for the ticket, will hold until 40c.

Posted by Money122 > 2019-03-13 09:45 | Report Abuse

0.33 soon

Posted by sandrakkc > 2019-03-13 09:45 | Report Abuse

Huhu 31.5 follow Calvin, he helps everybody make money from his OG calls. All CHUN CHUN

Posted by calvintaneng > 2019-03-13 09:45 | Report Abuse

OIL & GAS BULL RUN NEWS: Sabah poised to be on world map with RM13 bil petrochemical plant, Calvin Tan comments

https://www.freemalaysiatoday.com/category/nation/2019/03/06/sabah-poised-to-be-on-world-map-with-rm13-bil-petrochemical-plant-plan/

Posted by Woodswater > 2019-03-13 09:52 | Report Abuse

Calvin sifu,
Who will b final player since so huge amount of investing for above scenario where I need lesson from u?

Wakakakaka

Posted by plroo7 > 2019-03-13 09:55 | Report Abuse

Ok Calvintaneng - i follow your comment on this stock...just bought...

Posted by cybergreen > 2019-03-13 10:00 | Report Abuse

just buy... 31.5c is good buy. later today no more cheap ticket. As oils is keep on raising.

Posted by JJchan > 2019-03-13 10:03 | Report Abuse

with this type of Vol., i will be very surprised if Vel. cannot breached 50c in a month... Bursa will be
"HOT" with 30 billion (from petronas) GST rebate----look at Bank counters all going very Green

Posted by amet2017 > 2019-03-13 10:04 | Report Abuse

Yup but at the moment already overbought

Posted by James Ng > 2019-03-13 10:20 | Report Abuse

https://klse.i3investor.com/blogs/general/197637.jsp
[转贴] [Facebook live:浅谈Velesto Energy berhad (Velesto)] - James的股票投资James Share Investing

Posted by JJchan > 2019-03-13 10:32 | Report Abuse

look carefully, massive exchange between contra players---price moving slowly and cannot surge.
----wave exchange push can last very long ----as long as the fundamental remain intact

Posted by NETX > 2019-03-13 10:54 | Report Abuse

dragonslayer clever....

Posted by stockraider > 2019-03-13 11:04 | Report Abuse

VELESTO (Not Rated)

VELESTO gained 2.5 sen (+8.93%) yesterday to close at RM0.305 on higher-than-average trading volume.
Since February, the share has been on an uptrend in tandem with the formation of two “Golden Cross” as its 20-day SMA crossed above both its 50 and 100-day SMAs.
The upticks seen in key momentum indicators might be indicating more upside.
Should the buying momentum persist, we believe resistance to be at RM0.340 (R1) and RM0.395 (R2).
Conversely, any downside should see support levels at RM0.230 (S1) and RM0.185 (S2).

RAIDER VERY SPECIAL VALUABLE ADVICE, THE BEST MONIES ARE MADE BY JUST SITTING, THUS JUMP IN VELESTO WHEN IT START MOVING, AND SIT ON IT FOR 3 YRS AND 3 MTHS AND THE CHANCES OF U GETTING RM 2.00 ON VELESTO IS HIGHLY LIKELY LOH........!!

DO NOT SETTLE FOR TINY SMALL TRADING PROFIT AND THINK BIG AND BE SMART AND BIG MONIES START FLOWING IN MAH.

Posted by JJchan > 2019-03-13 11:09 | Report Abuse

i am waiting patiently for Shark arrival----The Start of Pump and Dump cycle
There is No sharks in Sapnrg bcoz got 3 Mega Sharks ( don't even have left-over )

Posted by calvintaneng > 2019-03-13 11:11 | Report Abuse

Welcome Great StockRaider

Velesto and Sapnrg are 2 heavyweights

I think with Govt support Sapnrg longer term will also be good

Yes dragon

We are in a bull phase
All oversold stocks will also run in their turns

Hope all doing well this year

Posted by Ai85 > 2019-03-13 11:14 | Report Abuse

PERDANA is more powerfull now

Posted by FinanceHeng > 2019-03-13 11:22 | Report Abuse

Whenever shark come and push, the stock will be overprice and create panic, this is actually very bad for a company, better just let it grow slowly to suitable price.

Anyway, gonna reward myself a sundae cone. Oh yeah.

Posted by H12345 > 2019-03-13 11:34 | Report Abuse

Be careful with sapura, they won several projects with super low price, velesto is more feasible for profit in coming quarters.

Posted by Ho Sook Ching > 2019-03-13 11:42 | Report Abuse

No.because sapura dingdongdingdong two month already.so now all the way going up.

Posted by JJchan > 2019-03-13 11:43 | Report Abuse

I heard China Oil related Engineering projects are mostly 5%----Sap is bidding lower then this
rate ( somemore overseas where cost control is difficult to monitor )

Posted by Tian Sen Tester > 2019-03-13 12:04 | Report Abuse

The resistance in 31.5 is too high too many ppl cashing out

Posted by SuperPanda > 2019-03-13 12:04 | Report Abuse

0.325 still no buyer, please come to me

Posted by Avantador > 2019-03-13 12:28 | Report Abuse

Collect .... collect ..... collect .....
8.2bil shares issued .... heavy ....

Posted by Ron90 > 2019-03-13 12:38 | Report Abuse

ya 8.2 billion NOSH..but look how many times, just need a fraction, 30 million shares can move this counter 3c

Posted by JJchan > 2019-03-13 12:41 | Report Abuse

Sap pump dept. must have lost alot customers to Velesto. Firing engines

Posted by SuperPanda > 2019-03-13 13:00 | Report Abuse

revise sell price 0.315, please take lah

Posted by Jaden > 2019-03-13 13:16 | Report Abuse

Wah.. betul betul want overtake SAP d..

Posted by offshore > 2019-03-13 14:38 | Report Abuse

Some reality check here. Assuming this company can repeat the last quarter performance in the next four quarter, you take the EPS of the last quarter and times with 4. The PE ratio is still quite high at 30 sen. Last quarter utilization is already quite high at > 90%. The only way for the profit to go up further is if the day rate increase. Reversal of impairment is also not likely unless the price of new rigs start to rise. Simple check reveals new rigs are now about USD159m. All of their rigs are bought above this price.

Posted by tah16600 > 2019-03-13 14:42 | Report Abuse

Better buy Benalec loh!

Posted by cybergreen > 2019-03-13 15:05 | Report Abuse

305, and 31c will can grab if stand 31c firm.

Posted by sooaria > 2019-03-13 15:07 | Report Abuse

Collecting Velesto with Perdana gain

Posted by cybergreen > 2019-03-13 15:07 | Report Abuse

wow Sooaria, good strategy.

Posted by sooaria > 2019-03-13 15:08 | Report Abuse

Velesto is cheaper RM0.31

Posted by calvintaneng > 2019-03-13 15:12 | Report Abuse

Velesto already got 6 job awards last year till now

This year Petronas will increase oil rigs by 10 to 14

Asb knows ahead of good prospects already bought 31 million shares

Upstream expenditure will increase by 30%

These factors are very favourable for velesto

Posted by cybergreen > 2019-03-13 15:13 | Report Abuse

Thanks Calvin for the FA.... based on TA.. Velesto definitely still cheap at 31c level.

Posted by hanifanip85 > 2019-03-13 15:27 | Report Abuse

speed boat here... im coming ^^

Posted by tah16600 > 2019-03-13 15:28 | Report Abuse

This thick wall is not easy to break . Nearly 12 m/sh parking to sell lol !