Posted by junetan20 > 2019-06-26 15:06 | Report Abuse

Hmm... large volume today, will break 0.305?

Posted by Woodswater > 2019-06-26 16:00 | Report Abuse

Unlikely but hopefully, otherwise
https://klse.i3investor.com/m/blog/AmInvestResearch/211731.jsp

Posted by Woodswater > 2019-06-26 17:02 | Report Abuse

Likely pnb got such huge vol in hand. Can verify few days later announcement made dated 26th. Pnb swear to defend 30c Border until clearance of their holding. Their priority now obey from upper order just maintain/stable ti's label until next GE ( insider info)

Posted by Woodswater > 2019-06-26 17:21 | Report Abuse

Yayasan +ash both 11.6110% x 2 = 23.222 % x 8 billion shares = 1.85776 x 0.30 each share= RM 557 . 328 m . Only related proxies will b benefited during tis huge disposal at border of 30c as pnb issued right exercises b4 . I can only confirm after announcement made to verify such insider info news r fake/ real unless u got 557 . 328 m to absorb , otherwise just wait patiencely .

Posted by Woodswater > 2019-06-26 17:57 | Report Abuse

GlC holds markets shares during tough time. Proxies buying same price @30 c then enjoy fresh durian runtuh (musang King). Both investment also at 30c. Nothing wrong. Differ is just timing, whom n era.
Wakakakaka

Posted by Woodswater > 2019-06-26 19:25 | Report Abuse

Tough , really tough but pls don’t give up . Hope still here . Even best benefited among oil bullish Corp can’t even gain anything for itself and so on it’s loyal investors like us . What is meaning invest into O&G , and so on holding MYR ? I did a tougher investment b4 and stand pat then eventually rewards . Many many investments.............
Even my insider info was correct but won’t cos me disposed a single shares but holding ( so far paper gain) until it exceed 30c border !

Cheers , bro .

Posted by offshore > 2019-06-27 13:03 | Report Abuse

Wait until Petronas awards Velesto a contract with $100k day rate then there is hope. Even a PN17 company like Perisai already got it so when is Velesto?

Posted by SinGor > 2019-06-28 09:46 | Report Abuse

beside epf, there must be another big fish that has taken up all Amanah dumpings.....amanah throwing has no effect on price,

Posted by Rowie > 2019-06-28 18:19 | Report Abuse

Aiyoh........all the fund selling is via off mkt........u guys don't investigate one ah
Unnecessarily worry & come to wrong conclusion

Posted by IronShirt > 2019-06-28 20:57 | Report Abuse

rowie, pls show us where you get your info...Bursa on "Circumstances of sale didnt mention Direct Business Transaction "

Posted by Rowie > 2019-06-28 21:36 | Report Abuse

U can see all the off mkt trades on your trading platform everyday
Last few days for velesto it was shown. Hence u need to check everyday if there are any such trade for the shares that u own or for any share
Do yourself a favour, just ask your remisier if what I say is correct or not

Posted by IronShirt > 2019-06-29 11:19 | Report Abuse

on 2 ocassions, Amanah Bought 100m below 0.30 and the Sold back at 0.30( just manipulating
price before Q results, just Trading, make pocket money)
This current round, Sold at 0.30 (50m ) before quarter results so Buy back if price falls below 0.30
(support price)after Q results??? Expecting Bad Q results, isit.....All indications are 2Q results will be Good

Maybe this round change strategy, Sell low, Buy high (pump-pump).

Posted by SinGor > 2019-06-30 21:37 | Report Abuse

Amanah will lost 1m if buy back at 0.320 (sold at 0.30 for 50m) But amanah, will have a 62m Capital gain based on 3.115Bil shares holding

Posted by SinGor > 2019-06-30 21:38 | Report Abuse

Surely all out support at 0.32 to maintain 62m capital gain

Posted by bullstudent > 2019-07-01 12:15 | Report Abuse

almost time.

Posted by IronShirt > 2019-07-01 15:52 | Report Abuse

4:00pm....11m park to sell at 0.30....Amanah disposes in Open market

Posted by Sales > 2019-07-02 11:22 | Report Abuse

Mdnizam why you guys always promote Netx?

Posted by Surewind > 2019-07-02 22:22 | Report Abuse

AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 25-Jun-2019 Disposed 17,177,300
AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 24-Jun-2019 Disposed 30,000,000

Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 14,423,100 shares on 26-Jun-2019.

lol, this 2 just changing hands.. So, this means another 30 million eat by regular retailers??
Wow, kind of hard to believe if not eaten by other large funds.

I'm would be happy if they transact above $0.30 .

Posted by Flyinghorse > 2019-07-03 17:08 | Report Abuse

Hope tomorrow can go above 0.310

Posted by investortrader88 > 2019-07-03 18:42 | Report Abuse

https://www.thestar.com.my/business/business-news/2019/07/03/og-decommissioning-works-in-big-demand/

Posted by Woodswater > 2019-07-03 19:52 | Report Abuse

https://klse.i3investor.com/m/blog/kiasutrader/213378.jsp
https://www.thestar.com.my/business/business-news/2019/07/03/og-decommissioning-works-in-big-demand/

Posted by Stevarac > 2019-07-03 23:37 | Report Abuse

So, sell on news ? Lol

Posted by pepsicola1012 > 2019-07-04 09:12 | Report Abuse

@Stevarac , do u mean buy on news ?

Posted by offshore > 2019-07-04 09:21 | Report Abuse

You got to be dreaming. HWU assets are cheap. Don't expect much from this business segment. The value of all its HWU assets combined is not even equivalent to one jack-up rig. The real meat is in the offshore drilling business. If you have time, go to CCM and ask for the accounts of their offshore drilling and workover business and compare. Both activities are conducted under separate companies.

Posted by Khamir83 > 2019-07-04 09:32 | Report Abuse

velesto dont have any HWU.

Posted by offshore > 2019-07-04 10:14 | Report Abuse

Yes, they have HWUs. Please refer to page 6 of their 2018 AR.

Posted by Woodswater > 2019-07-04 10:47 | Report Abuse

Velesto Energy Berhad, previously known as UMW Oil & Gas Corp Bhd, is a multinational provider of drilling and oilfield services for the upstream sector of the oil and gas industry.

The company's line of products and services include drilling and workover services for exploration, development, and production of wells in Malaysia and southeast Asia through several offshore drilling rigs and hydraulic workover units.

Under the oilfield services segment, the company offers threading, inspection, and repair services for Oil Country Tubular Goods in various offshore markets.

Operating revenue is primarily derived from drilling services, which includes ownership and operation of several drilling rigs and hydraulic workover units, or HWUs. Rigs and HWUs are chartered through day-rate-based contracts.

Posted by SinGor > 2019-07-04 18:03 | Report Abuse

When all the Jack-Up Rigs are taken up, any extra revenue are welcome like HWUs. velesto is
locked up for 2 years ( most of its Jack-Up Rigs) and Day-Rate is stagnant

Posted by witchslayer > 2019-07-04 21:06 |

Post removed.Why?

Posted by offshore > 2019-07-04 23:53 | Report Abuse

When the day rate reaches $100 per day, then we can talk about 50 sen price target. Come on, Perisai already got it, when will Petronas give Velesto $100/d contracts?

Posted by HuatlaiOnglai > 2019-07-05 17:53 | Report Abuse

It’s pretty clear that Petronas is lending help to Perisai to stay afloat.

Posted by SuperPanda > 2019-07-07 11:40 | Report Abuse

EPF vs PNB lets see whom will be the winner here

Posted by SuperPanda > 2019-07-07 11:42 | Report Abuse

im accumulating if its retrace below .30 next week

Posted by koey > 2019-07-07 12:20 | Report Abuse

umwog is same velesto ?

Posted by offshore > 2019-07-08 10:40 | Report Abuse

Petronas helping a foreign company to stay afloat? I am speechless. So when will Petronas help local companies? Or is there really "help" as fantasized by some people?

Posted by SuperPanda > 2019-07-08 11:11 | Report Abuse

velesto is new name for umwog jst like sapura kencana petroleum change to sapura energy

Posted by SuperPanda > 2019-07-09 11:53 | Report Abuse

EPF needs to absorb PNB shares, otherwise it cannot go further up

If new contract win out, and PNB stop dispose then buy back, thats what awaits holders

Posted by Woodswater > 2019-07-09 17:12 | Report Abuse

https://klse.i3investor.com/m/blog/kianweiaritcles/214193.jsp

Posted by bullstudent > 2019-07-11 16:02 | Report Abuse

volume coming back

Posted by SuperPanda > 2019-07-11 16:27 | Report Abuse

EPF FM knew velesto have high chance to secure another jack up rig contract this year..

Once news out, .33 resistance will break

Posted by SuperPanda > 2019-07-11 16:27 | Report Abuse

Keep holding and accumulate if drop below .30

Posted by Money122 > 2019-07-11 22:51 | Report Abuse

Dismantling facilities or bringing in 6 billion contract oil and gas stocks to welcome "retirement tide" business opportunities
Nanyang Tue, Jul 02, 2019 - 1 week ago





KUALA LUMPUR (April 2): ​​Analysts pointed out that starting next year, local and regional oil and gas fields will usher in a wave of “retirement”, that is, old oil wells, platforms or facilities need to be scrapped or dismantled, which may bring value up to 60. Billion ring business opportunities.



Among them, the main winners will be Uzma (UZMA, 7250, main board energy stocks), Velesto energy (VELESTO, 5243, main board energy stocks), Shabra Energy (SAPNRG, 5218, main board energy stocks) and Dayan Enterprises ( DAYANG, 5141, main board energy stocks).

In the report, Dahua Jixian Securities analyst pointed out that in the report of PETRONAS's "2019 to 2021 Activity Outlook", the decommissioning project is a rapidly developing sub-field and a commitment of oil and gas companies to control environmental pollution. One.

Of the 300 platforms in China, 11% or more have been in operation for more than 40 years; more than 200 wells should be scrapped.

Petronas needs to scrap 50 oil wells this year, and will scrap 40 and 60 oil wells in the next two years.
Petronas needs to scrap 50 oil wells this year, and will scrap 40 and 60 oil wells in the next two years.
Petronas scrapped 50 oil wells this year

Among them, Petronas needs to scrap 50 oil wells this year, and will scrap 40 and 60 oil wells in the next two years. In the scrapping process, hydraulic workover rigs, offshore support vessels and other ancillary services are required. It is believed that Uzma and Velesto energy can stand out.



Of the 50 wells that need to be scrapped this year, Uzma already has 36 hydraulic well workover contracts for oil wells; Velesto Energy also has at least 7 to 8 well contract schedules this year.

Other concessions include Dayang and Bida Energy, which provide connectivity and start-up (HUC) services (PENERGY, 5133, main board energy stocks), and large offshore support ship operator Icon (ICON, 5255, main board energy stocks) ) and Bodana (PERDANA, 7108, main board energy stocks), and wire rope service provider Dillon (DELEUM, 5132, main board energy stocks).

In terms of equipment disassembly, Petronas plans to require equipment for the next three years, including floating storage loading and unloading vessels, underwater test wellheads, light wellhead platforms, operating platforms, and large central processing platforms.

“To comply with these contracts, operators must have dock equipment, underwater cutting services, and shipping and weightlifting services.”

Among the oil and gas stocks tracked by the bank, Shabra Energy is fully qualified. Other offshore testers such as Dayan Enterprise and Bida Energy are also exploring the business opportunities of the decommissioning projects.

According to Dayan’s estimates, local and regional decommissioning demand may result in a contract of approximately RM6 billion. However, there is currently no formal tendering activity.



Regional decommissioning demand is huge

Analysts pointed out that even though Petronas's pace of implementation of decommissioning projects is slow, there is still a huge demand for decommissioning projects in the region.

According to a report by Wood Mackenzie, an international market consultancy, last year's report, there were 35,000 wells, 2,600 platforms, and more than 55,000 kilometers of pipelines in the Asia-Pacific region. The cost of decommissioning was more than $100 million (RM 414 million).

The agency predicts that each simple well-removal project will cost between RM2 million and RM4 million; as for large-scale demolition projects, the total value may be as high as RM80 million to RM100 million.

Opportunity to share a slice of the regional market, including Dai Le Group (DIALOG, 7277, main board energy stocks), Shabra Energy and Yunsheng Holdings (YINSON, 7293, main board energy stocks).

But analysts also stressed that the demand for decommissioning in the Asia-Pacific region is still in its infancy, meaning that all operators and regulators need time to prepare and learn to meet this "retirement tide", and may also suffer some losses due to mistakes.

Posted by Ron90 > 2019-07-12 09:16 | Report Abuse

EPF keep on increasing their stake..in the last 2 weeks alone (from 26 Jun), they bought another 50 million ....quite seldom to see EPF continuous buying spree...usually they just play with the market, buy and sell.

Posted by SuperPanda > 2019-07-12 10:54 | Report Abuse

Ron90, once new contract win announce, i project .33 will hit, then will move forward

you can see now it try to break .31, very soon to happen

Posted by SuperPanda > 2019-07-12 11:00 | Report Abuse

many made mistake enter too early in o&g in early 2018 plus trade concern.. made people lost money

the way i see it, 2H19 is actually the right time to buy this sector and keep it till end of year for short term and next year for mid term

i have velesto, reach, alam and armada in my holdings where these stocks now are trade at a very reasonable cheap price

if o&g market remain resilient till 2020, the investment made now will become big return (in case no recession whatsoever)

Posted by SuperPanda > 2019-07-12 11:02 | Report Abuse

i sold too early dayang and perdana, so now dont want to miss another good long ride from my others o&g pick this time

Posted by Mabel > 2019-07-12 12:09 | Report Abuse

I'm still holding...

Posted by Ron90 > 2019-07-12 12:16 | Report Abuse

dayang, perdana and curry mee are in the same boat..speculative shark play it altogether... Reach.. i already cabut while its still above 28c..coz it still retain that lousy CEO. ..

the only way forward for armada in the near term is to dispose their under utilize assets...to keep overhead low, than got money fto pay huge debt. susah dapat new contract for its FPSO, market not good everwhere.

Posted by offshore > 2019-07-13 08:33 | Report Abuse

I went to Yinson agm and the management was claiming it was so easy to get contract for FPSO. There was one contract where they were the single bidder so not sure what is the difficulty for Armada. Good shares are not cheap. When Velesto dropped below RM1, Yinson was RM3 and naturally it was low risk to buy Velesto instead of Yinson. Just look at Yinson price today.

Posted by CHLEONG888 > 2019-07-13 21:50 | Report Abuse

Yes, Velesto still consider relatively cheap, anticipate good return in the medium term, or even short term, by Sept 2019