Posted by Abdul Samad Abdul Rahman > 2019-03-29 21:06 | Report Abuse

68.31

Posted by JJchan > 2019-03-29 21:33 | Report Abuse

I think i already found 4 JUR for leased( Gulf of Thailand, Vietnam, Australia, Ningbo China)
So far only problem is Petronas DCR rate 70K/Day----too Low ( Saudi Area DCF worst 55K)

Posted by SuperPanda > 2019-03-30 11:12 | Report Abuse

as long as oil price good, drillers will be good.. common sense investing

Posted by SuperPanda > 2019-03-30 11:14 | Report Abuse

next quarter will be better profit, below 30c is a good price

i ve been holding before the qtr result out .235

Posted by Mabel > 2019-03-30 19:28 | Report Abuse

BTW I read somewhere that there are about 2,700 O&G companies in Malaysia, mostly are SME. Only about 50 are listed in Bursa.

Amongst this 50, which is the biggest with End to end capabilities?

If anyone has insight on this, appreciate if you can share your thoughts in this.

Posted by offshore > 2019-04-01 07:18 | Report Abuse

I would say Sapnrg is the biggest in terms of service offerings.

Posted by Woodswater > 2019-04-01 08:16 | Report Abuse

@mabel , pls do ur own homework as well while so many sides n masters did
https://klse.i3investor.com/m/blog/www.eaglevisioninvest.com/198327.jsp

Wakakakaka

Posted by offshore > 2019-04-01 08:26 | Report Abuse

Sapnrg truly is the biggest in terms of debts too.

Mabel, oil and gas is a big industry and your question is too general. It involve upstream and downstream and then further segregated by 1st, 2nd and 3rd tier. 1st tier is at the highest value chain like oil companies which subcon to 2nd tier like Velesto. Then the 2nd tier also engage 3rd tier on some of the support services like manpower, catering or shipyard.

Posted by IronShirt > 2019-04-01 10:36 | Report Abuse

waiting for announcement.......coming, coming today maybe......Rigs must start work, already first week 2Q19

Posted by offshore > 2019-04-01 11:22 | Report Abuse

Why are we so anxious about contracts? This company is already hitting high utilization and gets preference from Petronas so contracts winning is like a given thing for this company. The bigger concern is when and how fast the DCR will move up.

This price level is like the bottom already but you have to set your expectation right. This counter is not going fly but crawl its way up. It hit the high of RM4.40 and i assume investors were paying this price on the assumption all rigs were operational at the highest DCR. Supposing that history will repeat in future, I am actually looking at a highest price of RM1.20 at best because the shares are a lot more diluted now than it was at RM4.40.

Posted by roslaom > 2019-04-01 11:55 | Report Abuse

Jangan jual

Posted by hanifanip85 > 2019-04-01 12:33 | Report Abuse

up....^^

Posted by Woodswater > 2019-04-01 12:46 | Report Abuse

I work at Petronas as high position so many year, announcement won 't b made unless qr nearby May
Wakakakaka

Posted by pfcm > 2019-04-01 14:16 | Report Abuse

https://www.theedgemarkets.com/article/discussion-sabah-oil-royalty-take-place-after-sarawaks

Posted by Myeye > 2019-04-01 15:49 | Report Abuse

~.~ wish all the best ~.~

Posted by JJchan > 2019-04-01 18:21 | Report Abuse

woodswater-----Petronas announced All contracts at One go?

Posted by JJchan > 2019-04-01 18:23 | Report Abuse

Hahaha---EPF is Buying---so goreng time begin---Tomolo i break my Piggy and wallop first

Posted by Woodswater > 2019-04-01 18:36 | Report Abuse

TX, jj sifu. I'm also very grateful fou sifu u n Master Calvin so hard promoting vele by u'r guys very professional advice n analys to us. Since the Lizardslayer comment n delete few times last week until sudden disappear right here but now quarrel at talam forum these few days. I just accu talam shares now since target for vele achieved last 2 weeks. Durian Musang King seems dropping here liow. Cheers!

Posted by Woodswater > 2019-04-01 18:43 | Report Abuse

U forgot about u'r firecracker liow!

Wakakakaka

Posted by JJchan > 2019-04-01 18:50 | Report Abuse

Firecracker for 01 Jan 2020

Posted by JJchan > 2019-04-01 18:52 | Report Abuse

maybe arrived 1.50 who know? EPF... 3.50 also dare to Buy in 2014/5

Posted by Woodswater > 2019-04-01 19:13 | Report Abuse

May I know how much is u'r target price since u have reveal what I thought?!

Wakakakaka

Posted by Andersonkhoo > 2019-04-01 19:19 | Report Abuse

EPF welcome onboard !!!

Posted by Ron90 > 2019-04-01 19:47 | Report Abuse

everybody now in velesto, pnb, epf..dont sell..hold on tight..soon will fly to the moon.

buy velesto is nothing to do with someone recommendation...some of us have bought very early and still holding velesto. Please ler..dont claim master sifu here.

Posted by ramada > 2019-04-01 19:50 | Report Abuse

Today RM0.29, tomorrow RM0.30. Then repeat this non-stop.

Posted by Hotstuff > 2019-04-01 19:51 | Report Abuse

3m shares is just 900k. dust for EPF

Posted by JJchan > 2019-04-01 20:28 | Report Abuse

i think KWAP will be announcing soon---acquired above 5% ( Too Bad LTH holland already)

Posted by Ron90 > 2019-04-01 21:18 | Report Abuse

true ..29-30 before next QR, or new rig got job.. .. but the real value is actually in the WA.

Posted by DoomStock > 2019-04-01 22:19 | Report Abuse

PNB selling to flushed out weak holders while EPF taking this opportunity to collect more.

Reason because more charter announcements in the coming months as Velesto capitalises on Petronas’ drilling programs for 2019. “Overall, with an improving outlook over the next 12-months, any short-term weakness in share price is an opportunity to accumulate,” said Maybank IB Research which pegged a ‘buy’ call on the stock.

For those still sceptical, have you ever wonder why are the big boys buying? Hehehehe..

Posted by SuperPanda > 2019-04-02 05:11 | Report Abuse

oil price new high, fund will goreng to 33c soon

Posted by SuperPanda > 2019-04-02 05:12 | Report Abuse

by end year if oil price sustain above 60, vele will be >0.4

Posted by 263263 > 2019-04-02 08:04 | Report Abuse

Today must stand at 0.305

Posted by sooaria > 2019-04-02 09:15 | Report Abuse

Good Morning All,

Posted by sooaria > 2019-04-02 09:15 | Report Abuse

27 Mar 2019 Acquired
3,000,000 EMPLOYEES PROVIDENT FUND BOARD

Posted by sooaria > 2019-04-02 09:16 | Report Abuse

Now you know why we keep on saying accumulate velesto, and keep

Posted by sooaria > 2019-04-02 09:16 | Report Abuse

This is Calvin chun chun call

Posted by sooaria > 2019-04-02 09:17 | Report Abuse

Velesto has hit RM0.3 this morning, will keep on going higher

Posted by sooaria > 2019-04-02 09:17 | Report Abuse

buy more on weakness and keep

Posted by sooaria > 2019-04-02 09:17 | Report Abuse

EPF buying Velesto Mar 27, 2019

Posted by Sales > 2019-04-02 11:03 | Report Abuse

Good morning! All the chun chun stock are in good momentum. Huat ah!!!

Posted by Platinum_investor > 2019-04-02 11:14 | Report Abuse

Don’t say I never tell you all…I’m with Calvin….additional points not
known to many

1) Confirmed Velesto will be getting awards from more than 2 major oil
operators vele vele soon
2) Velesto is the only local rig owner in Malaysia and priority will
be given to them by PETRONAS
3) Velesto rigs utilization will be above 90% if not 100% this year
and remain high for the next few years
4) Velesto jack up rigs are very much in demand compared to tender
assist rigs (Sapura sold off this division previously)
5) Velesto got impacted by the negative market sentiment unnecessarily
all because Sapura case (see point no. 4 above). So once the general
market understand this sooner than later, the share price will go up
slowly but surely. My target is at least 1.00 by year end.

Don’t believe me? This is not written by me. See report from PETRONAS here and do your simple math
https://www.petronas.com/ws/sites/default/files/Media/PETRONAS%20Activity%20Outlook%202019-2021.pdf
(Page 23 & 24)

Posted by offshore > 2019-04-02 12:07 | Report Abuse

What you said is known by many people. What I want to know is how much is the DCR for these new contracts? I bet the contract value will not be disclosed.

I also doubt Sapnrg sold their tender rig business. They are the biggest tender rig player in the world now after buying from Seadrill. They will realise a big loss if they sell now.

Posted by Rowie > 2019-04-02 12:16 | Report Abuse

To convince the mkt, velesto needs to get some contracts soon.

Posted by sooaria > 2019-04-02 12:30 | Report Abuse

All Velesto sharesholders buy more and keep , dun sell , EPF buying

Posted by JJchan > 2019-04-02 12:44 | Report Abuse

Goodwill account said Sapnrg "maybe" pays about 8 billion "more" for Seadrill (bcoz of this account
i am never bullish on Sap-----Goreng Okay )

Posted by Woodswater > 2019-04-02 13:26 | Report Abuse

Glad c u here again , dragon . Need ur presence to chase away epf . V need buy more n more n more .tqvm

Wakakakaka

Posted by IronShirt > 2019-04-02 13:56 | Report Abuse

JJ, why Sap management never question Shahrill overpaid Seadrill for so much??? maybe got
funny Biz involved.

Posted by bearbull > 2019-04-02 13:56 | Report Abuse

To all still neutral investor, my advise to u is that too much of fundamental is unhealthy for u....in the end all fundamental number and theory claim here are just rubbish

Posted by DoomStock > 2019-04-02 14:13 | Report Abuse

Lol

Posted by offshore > 2019-04-02 15:21 | Report Abuse

Yes, RM1 is only a slogan, that I very agree. Current oil price is $70. Based on simple maths, for the share price to triple to RM0.90, the oil price must also triple. Do you think this is possible for the oil price to ever reach $210?