Posted by Hotstuff > 2019-03-26 10:39 | Report Abuse

stop shouting like an idiot

Posted by DoomStock > 2019-03-26 10:42 | Report Abuse

LoL

Posted by plroo7 > 2019-03-26 11:06 | Report Abuse

Haha... Kambing hilang.... Nampak kerbau tidor....

Posted by Woodswater > 2019-03-26 11:24 | Report Abuse

https://klse.i3investor.com/m/blog/qqq3/199468.jsp

Doubtful even dare to post the facts , but dare not to released own Id . Coward , just ignore such ball -less lady boy even he talks as my cup of tea !

Wakakakaka

Posted by pfcm > 2019-03-26 11:32 | Report Abuse

CALVIN,
I have been waiting for so long time, when will go up :)

Posted by tebrauteguh > 2019-03-26 12:22 | Report Abuse

Lagi cheap today. Buying more

Posted by Woodswater > 2019-03-26 13:29 | Report Abuse

I will only buy if below my everage at 285 c .

Wakakakaka

Posted by sooaria > 2019-03-26 14:00 | Report Abuse

Petronas Outlook 2019 - 2020

Drilling Rigs
& HWUs
• 16-18 Jackups
• 3-4 TADRs
• 5-6 HWUs

Posted by sooaria > 2019-03-26 14:02 | Report Abuse

1) Drilling Rigs and Hydraulic ( Reports extracted from Petronas Outlook 2019-2020)
2) Workover Units (HWUs)

Drilling rig refers to the machine used to drill a wellbore. Activity outlook will be
provided for the most widely used drilling rig types in Malaysia i.e. Jackup Rigs and Tender Assisted Drilling Rigs

Workover Units ( HWUs) refers to any well intervention process which helps to ‘repair’ the wells using an invasive technique

Both the above, is Velesto monopoly and strong assets support areas

Posted by sooaria > 2019-03-26 14:04 | Report Abuse

Jackup Rigs (JURs)
Activity Phase: Exploration, Development, Abandonment

Application: The most common type of offshore rig due to its
flexibility. Jackup Rigs are self-elevating with removable legs that
can be extended (“jacked”) above or below the hull.

Associated Services: Supporting vessels, OCTG, third-party
drilling services e.g. drilling fluids, DD/MWD/LWD, wellheads, drill
bits, cementing, fishing, slickline, etc.

Source : Petronas Outlook 2019-2020

Posted by sooaria > 2019-03-26 14:07 | Report Abuse

Notes:
• As at Oct 2018, there was an average of 9-10 JURs in Malaysia waters

• Outlook includes activities which may have been contracted out, based on specific activity requirements, at the time of reporting.

• The number includes the requirement for JUR during Well Abandonment activity

• Outlook numbers are based on fullyear utilisation. Actual numbers may vary based on campaign duration and / or optimisation, project deferment or cancellation.

Source : Petronas Outlook 2019-2020

Posted by sooaria > 2019-03-26 14:09 | Report Abuse

Velesto benefits most from Petronas Outlook 2019-2020

Posted by sooaria > 2019-03-26 14:10 | Report Abuse

That's why many players sapu big volume at RM0.295, and hold for uptrend

Posted by Woodswater > 2019-03-26 15:13 | Report Abuse

I shall agree with sooaria ,
Sapu 295c , hold for uptrend like fishing patiencely 2qr19 or contract released !

Wakakakaka

Posted by DoomStock > 2019-03-26 15:24 | Report Abuse

LOL

Posted by tebrauteguh > 2019-03-26 15:34 | Report Abuse

Patience. We are not majlis perbandaran.
It will go to 0.28

Posted by Woodswater > 2019-03-26 15:52 | Report Abuse

Great oppo \ 280c !


Wakakakaka

Posted by Flyinghorse > 2019-03-26 16:59 | Report Abuse

Going to Holland land. LOL

Posted by calvintaneng > 2019-03-26 17:22 | Report Abuse

Mr Market says, "Going to Holland?"

Calvin will love to buy some from Mr Market

Posted by bearbull > 2019-03-26 19:28 | Report Abuse

Why are ppl so scared when velesto drop just a little...

Posted by Flyinghorse > 2019-03-26 20:34 | Report Abuse

Errrr......nothing to talk. Then we are just talk cock. Talk holland. Talk fly. Talk talk. Lol.

Posted by freddiehero > 2019-03-26 21:10 | Report Abuse

y can not fly?

Posted by offshore > 2019-03-26 23:21 | Report Abuse

Well, since Petronas needs so many rigs, why not velesto buy more rigs since it is so cheap now?

Posted by enid888 > 2019-03-27 01:09 | Report Abuse

@offshore, Velesto should seriously look into buying some existing rigs from overseas as our local demand is so high. At this time, rigs are still cheap in the international market.

Posted by sooaria > 2019-03-27 08:07 | Report Abuse

Good Morning All

Posted by sooaria > 2019-03-27 08:07 | Report Abuse

Good Morning Woodswater , Good Morning Calvin

Posted by sooaria > 2019-03-27 08:08 | Report Abuse

Tebrauteguh - Teguh we stand, united we come, lets huat together

Posted by sooaria > 2019-03-27 08:09 | Report Abuse

Yesterday big volume sapu RM0.285, if nothing brewing , why big volume sapu to buy

Posted by sooaria > 2019-03-27 08:09 | Report Abuse

Buy while still cheap , and hold

Posted by sooaria > 2019-03-27 08:10 | Report Abuse

The moment oil hit USD70 per barrel, imagine what would happen

Posted by tebrauteguh > 2019-03-27 08:54 | Report Abuse

Sooria. I am with you.
Take not somebody sapu 0.295
Somebody sapu 0.285.
Oil was at 69 dollar. Close to 70 dollar. Nothing happen oso.
This is counter is as speculative as iwcity. No oil price will move it unless someone wants it moved. We are here for the joyride or hell ride depending on your entry price.

Posted by JJchan > 2019-03-27 09:09 | Report Abuse

Leasing a jack-up Rig will prevent unnecessary capex but DCR at $70/day might be a problem.
Leasing together with production crews can capture all Petronas 2019 JUR requirement

Then we can Goreng Velesto all Day with "expected" returns

Posted by JJchan > 2019-03-27 09:11 | Report Abuse

DCR should be $70K/day

Posted by sooaria > 2019-03-27 09:14 | Report Abuse

Tebrauteguh , JJChan, yes, I am with you too

Posted by sooaria > 2019-03-27 09:14 | Report Abuse

Calvin, need your comment

Posted by sooaria > 2019-03-27 09:14 | Report Abuse

velesto has been a few days on RM0.29 , what your opinion

Posted by shadowz > 2019-03-27 09:52 | Report Abuse

I think can pack & keep in freeze for quite sometime liao

Posted by plroo7 > 2019-03-27 09:56 | Report Abuse

Dayang is moving... Velesto still sleeping...

Posted by offshore > 2019-03-27 10:35 | Report Abuse

I will be amazed if this company buys more rigs. You can talk and talk about Petronas rig demand but velesto is not buying more rigs even if it is cheap now. I believe velesto now owns 7 JUs and 5 HWUs but Petronas needs more than this, if i read correctly.

Posted by BandW > 2019-03-27 10:46 | Report Abuse

Velesto’s operating rig number in 1Q19 is much lower than 4Q18, and avg rate is still 70k $/day, much lower than good time back then around 150k $/day. Expect a worse QoQ. Globally & Regionally speaking , JU are still oversupply with daily rate <60k $/day.

Nevertheless, For the 2H19, the business of Velesto will gear towards positive direction.

Just share what I know.

Posted by JJchan > 2019-03-27 12:01 | Report Abuse

Without PNB bailout, both Velesto and Sapnrg should be Selling Rigs in 2019----oversize pants
are not meant for running

Posted by Rowie > 2019-03-27 12:13 | Report Abuse

Thanks for input
Invest elsewhere please

Posted by Rowie > 2019-03-27 12:16 | Report Abuse

For the rest of us it’s ok cos low risk

Posted by Woodswater > 2019-03-27 12:42 | Report Abuse

Once hater professor comments here , v can expect bad karma comes .just visit Sap 13forum then u ll understand what I mean .i need rest a while liow.........

Wakakakaka

Posted by calvintaneng > 2019-03-27 13:22 | Report Abuse

VELESTO RIGS & HWUs WILL BE FULLY EMPLOYED FOR YEAR 2019

EVERYDAY ALSO GOING TO HAVE BUSINESS

FAR FAR BETTER THAN THOSE TIMES OF 2014 TO 2016 WHEN THEY WERE LEFT IDLE

SO VELESTO VELE VELE GOOD!!

Posted by sooaria > 2019-03-27 13:34 | Report Abuse

Thanks Calvin, Velesto, Vele Vele Good

Posted by CHLEONG888 > 2019-03-27 13:45 | Report Abuse

Most of us talk nonsense

Posted by stocking > 2019-03-27 14:25 | Report Abuse

For this stock, it is a matter of time before it fly, just continue collecting on weakness - 0.285 is cheap

Posted by Sales > 2019-03-27 14:31 | Report Abuse

Hi Sooaria! Have a great day ahead!

Posted by m3379 > 2019-03-27 14:41 | Report Abuse

Current JU rate is USD75K perday. Not below 60k. That is 2016 rate.