Posted by tkl88 > 2020-05-09 08:30 | Report Abuse

Wow, Fantastic !
Oil price continue to spike up to sky high!

Nymex closed at => $24.62 (+1.07) (+4.54 %)
Brent closed at => $30.88 (+1.42) (+4.82 %)

Huat ah ! Heng ah ! Ong ah !

Posted by NiagaUntOngSelalu > 2020-05-09 11:55 | Report Abuse

Velesto hit rock bottom end mac, just like other companies. Since then it has slowly zigzagging up. Sooner or later will be back to 0.3-.4 level. Its market capitalization is 1.19 billion....dont play play .

Posted by Mabel > 2020-05-09 12:03 | Report Abuse

Meow..

This ship is too big to fail..

Just hang on. The hurricane will be over soon. Right now just buy and forget revisit when the hurricane is over..

Just like you, i have collected enough. All the hard work has been done. Time to Goyang kaki and wait for it to explode.

It has happened before and it will happen again..

Meow Meow Meow

Posted by Chua Joe Beng > 2020-05-09 12:10 | Report Abuse

Velesto better or Sapura?

Posted by tkl88 > 2020-05-09 16:29 | Report Abuse

Walaoeh, Oil price going to be super bullish from now onwards !

一个月前卖不动，如今国际原油或将供应短缺！怎么回事？
https://www.baidu.com/#iact=wiseindex%2Ftabs%2Fnews%2Factivity%2Fnewsdetail%3D%257B%2522linkData%2522%253A%257B%2522name%2522%253A%2522iframe%252Fmib-iframe%2522%252C%2522id%2522%253A%2522feed%2522%252C%2522index%2522%253A0%252C%2522url%2522%253A%2522https%253A%252F%252Fmbd.baidu.com%252Fnewspage%252Fdata%252Flandingpage%253Fs_type%253Dnews%2526dsp%253Dwise%2526context%253D%25257B%252522nid%252522%25253A%252522news_9699743094647660452%252522%25257D%2526pageType%253D1%2526n_type%253D1%2526p_from%253D-1%2526innerIframe%253D1%2522%252C%2522isThird%2522%253Afalse%252C%2522title%2522%253Anull%257D%257D

金十数据
05-08 20:44百家榜创作者，金十数据官方帐号，优质财经领域作者

4月中旬，纽约油价惊现负值，让无数人陷入“投资扣光本金还要倒贴钱”的尴尬境地。我们刚刚被科普出现“负油价”的原因是，国际油市供应过剩。然而，不到一个月时间，有分析师就却指出，有迹象显示，国际原油市场可能很快就要从供应过剩，转为供应短缺。这到底是怎么一回事呢？

首先，我们可以从与国际原油市场关系最为密切的油轮收益情况中了解到当前乃至未来原油的供应情况。据国际航运新闻网最新报道，波罗的海国际航运公会（BIMCO）首席航运分析师指出，2020年第一季度，是近十年来大型油轮收益最高的季度之一。这主要是由于一季度油价暴跌，市场比较倾向于囤积原油，待价而沽，可囤油的油轮租金及运价就应声上涨。
据国际航运新闻网（International Shipping News）5月7日消息，近几周，全球原油油轮收益呈大幅下降趋势。短短九天内（4月22日-5月4日），从中东湾到美国湾的超大型油轮的收益就从16.24万美元/天，大跌至3.62万美元/天，降幅近八成。反证可得，这一信号可能意味着国际油市已经逐渐倾向于将原油取出使用，供应也很可能也将不再过剩。

此外，随着欧佩克（OPEC）的减产协议5月开始生效，国际油市逐渐从期货溢价（远期期货价格高于近期期货）向现货溢价（现货价格高于期货价格）转变。而国际原油市场的现货溢价鼓励投资者将石油从库存中取出使用。
此外，中国、美国等多个国家开始复工，也消耗库存原油，进一步提振了国际原油需求。据Market Watch最新公布的报告显示，近几天，由于美国能源部门连续两天抽走汽油库存，美国汽油需求在四周内又创新高。

而中国复工步伐的稳步推进，也将进一步推高原油需求。目前，中国炼化厂的生产已经恢复了70%的产能。而据美国能源情报集团（Energy Intelligence）预测，二季度，中国的能源需求将环比增长100万桶/日，增幅约为10%。

Posted by char1234 > 2020-05-09 19:32 | Report Abuse

slow slow counter.

Posted by Godofgambler > 2020-05-09 21:06 | Report Abuse

Sapura better mini petronas

Posted by Chua Joe Beng > 2020-05-09 22:13 | Report Abuse

I choose Velesto!!!

Posted by Macgyver11 > 2020-05-10 15:37 | Report Abuse

CMCO extended till 9 June. China more new cases.

Posted by Macgyver11 > 2020-05-10 15:39 | Report Abuse

Chain reaction on Tuesday. Opportunities to grab more

Posted by char1234 > 2020-05-11 01:18 | Report Abuse

Covid to China is history ...

Posted by char1234 > 2020-05-11 01:18 | Report Abuse

oil price stuck at 30....

Posted by willc48 > 2020-05-11 16:02 | Report Abuse

useless company. Any companies that founded by Chinese Malaysians and forced to sell off to BN cronies can now have their karma and cursed.

Posted by Chua Joe Beng > 2020-05-11 16:10 | Report Abuse

Amitabha!

Posted by Mabel > 2020-05-11 19:43 | Report Abuse

@Chua Joe Beng Velesto better or Sapura?
09/05/2020 12:10 PM

Let me put it this way...

With Velesto my dinner is usually Lobsters and Alaskan King Crabs..

Sapura, unfortunately my dinner tend to be limited to KFC..

Velesto operator are more generous than Sap operator..

Meow

Posted by stevie2k > 2020-05-11 19:51 | Report Abuse

@mabel what is ur tp for velesto after oil became stable soon?u know anything?tell us more about velesto please,u seem to be very knowledgable,often saw u in o

Posted by RedEagle > 2020-05-11 21:08 | Report Abuse

0.13?

Posted by stevie2k > 2020-05-11 21:22 | Report Abuse

should topup more if it hit that price

Posted by Remo > 2020-05-11 21:51 | Report Abuse

https://www.theedgemarkets.com/article/saudi-arabia-slash-june-oil-output-extra-1-mil-bpd-%E2%80%94-ministry

Posted by Chua Joe Beng > 2020-05-11 22:29 | Report Abuse

@Mabel-i did invested in Sapura n made some! This time, i think Velesto will up faster!

Posted by Mabel > 2020-05-11 23:25 | Report Abuse

@stevie2k @mabel what is ur tp for velesto after oil became stable soon?u know anything?tell us more about velesto please,u seem to be very knowledgable,often saw u in O&G
11/05/2020 7:51 PM

@Chua Joe Beng @Mabel-i did invested in Sapura n made some! This time, i think Velesto will up faster!
11/05/2020 10:29 PM

Brent is strong, hence all relate oil companies, there's nothing to worry about if you are looking at a window of opportunity of 12 months. Any recovery less than 12 months is a bonus.

Between these two Upstream Battleships, I'm more confidence with Velesto with 3 consecutive profits vs Sapnrg with 5 consecutive loss. For me Velesto is Investments Grade while Sapnrg is Trading Grade. Based on past cycle, Velesto Operator is more generous compare to Sapnrg.

As for Velesto Target Price, Short term, I'm looking at 20 due current sentiments. Long term I'm looking at 40. FYI, I used to chase when the price was above 40. The Technical Chart for Moving Average 200 MACD is pointing towards 40. What I did is to just BUY and FORGET. Revisit when the volatility stabilize.

All the best and continue to stay invested.

Meow..

Posted by Allantanks > 2020-05-12 00:26 | Report Abuse

The Motley Fool


Search
Ticker or Keyword

Saudi Arabia Moves to Bolster Oil Prices With Further Cut, Says Report
The kingdom says it is going to cut production by an additional million barrels a day.
Howard Smith
Howard Smith
(TMFBuilt2Last)
May 11, 2020 at 12:10PM
Saudi Arabia has announced further oil production cuts that will reduce its output to the lowest level in 18 years, according to a Bloomberg report. The 1 million barrel a day cut is in addition to output cuts previously announced based upon an agreement among OPEC members and other allies. In April, Saudi officials said the nation was producing oil at a rate of 12.3 million barrels per day. With all the announced cuts, oil output will fall to about 7.5 million barrels a day. The oil production cuts are an attempt to stabilize the market and raise prices.

This level of production is Saudi Arabia's lowest since 2002, according to the report. Saudi Oil Minister, Prince Abdulaziz bin Salman, said "We have to be ahead of the curve. The voluntary cuts will further expedite the rebalancing process."

Posted by stevie2k > 2020-05-12 05:43 | Report Abuse

@mabel thanks,appreciate that

Posted by Chua Joe Beng > 2020-05-12 07:25 | Report Abuse

got u...meow meow!

Posted by nicholas99 > 2020-05-12 10:26 | Report Abuse

operator...

Posted by limkokthye > 2020-05-12 10:38 | Report Abuse

valesto house burn, faster run

Posted by hohoho123 > 2020-05-12 10:40 | Report Abuse

https://www.klsescreener.com/v2/news/view/674999

Posted by hohoho123 > 2020-05-12 10:44 | Report Abuse

（吉隆坡9日讯）由于油价低企，岸外支援船（OSV）业者面对营运和融资困境，国家石油（PETRONAS）考虑集结这些供应商，成立一个油气商业信托。

《The Edge》财经周刊报道，国油总裁兼总执行长丹斯里旺祖基菲里上月底和一些岸外支援船的业者展开线上对话时，提出了岸外支援船商业信托架构。



根据他的简报，这项信托会集合国油的岸外支援船供应商，这包括了不少上市的油气公司。

国油会成立一个特别用途公司，来执行国油综合物流控制塔（ILCT）的租约，并和信托管理人紧密合作，来监督该信托的财务运作。

这些资产的损益会计入到信托中，管理人会将收益分发给单位信托持有人。

200510x1103_noresize



唯一出路？

简而言之，单位信托持有人也会是岸外支援船公司、参与的金融机构和银行等的股东。

国油认为，岸外支援船业者正面临租金低迷、供应过剩，以及流动性紧缩的危机，银行也要承受这些公司贷款违约的压力。

他在简报中写到：“整合，是不是唯一的出路呢？”

同时，简报中还特别提及持股多家油气公司的国民投资机构（PNB），不过没有点出后者的意愿。

国投的投资组合包括Velesto能源（VELESTO，5243，主板能源股）、沙布拉能源（SAPNRG，5218 ，主板能源股）、国油气体（PETGAS，6033，主板公用事业股）、国油贸易（PETDAG，5681，主板能源股）、国油石化（PCHEM，5183，主版工业股）、马国际船务（MISC，3816，主板交通与物流股）和世霸动力（SERBADK，5279，主板能源股）。

Posted by Allantanks > 2020-05-12 11:00 | Report Abuse

Operator runs so fast XD

Posted by Allantanks > 2020-05-12 11:08 | Report Abuse

Oil inventories report for USA coming out tmr. Should be less than expected.

"United States Crude Oil Inventories"

http://www.investing.com/economic-calendar/eia-crude-oil-inventories-75

Posted by nicholas99 > 2020-05-12 11:28 | Report Abuse

operator go carepls liao.

Posted by Godofgambler > 2020-05-12 16:38 | Report Abuse

Goinng to fly soon....
Oil getting more and more xpensive

Posted by tkl88 > 2020-05-12 17:31 | Report Abuse

Wow, Fantastic !
Oil price continue to spike up !

As at 5.30pm,
Nymex at => $24.88 (+0.74) (+3.07 %)
Brent at => $30.07 (+0.44) (+1.48 %)

Huat ah ! Heng ah ! Ong ah !

Posted by Macgyver11 > 2020-05-12 18:00 | Report Abuse

Fly where, fly to the moon ha..break 0.18 pun semput - semput...lol

Posted by CITADEL > 2020-05-12 18:01 |

Post removed.Why?

Posted by stevie2k > 2020-05-12 19:03 | Report Abuse

be patience guys

Posted by CHLEONG888 > 2020-05-12 20:52 | Report Abuse

This tlk88 siok sendiri

Posted by Allantanks > 2020-05-12 20:57 | Report Abuse

He flies everywhere one.

Posted by NiagaUntOngSelalu > 2020-05-12 21:51 | Report Abuse

Tomorrow will push up to 18 cents

Posted by Godofgambler > 2020-05-12 22:00 | Report Abuse

Oil is getting hotter...
Dont know when will explode...

Posted by tkl88 > 2020-05-13 00:46 | Report Abuse

Wow, Amazing !
Oil price continue to spike up to sky high !

As at 12.38am,
Nymex at => $25.82 (+1.68) (+6.96 %)
Brent at => $30.21 (+0.58) (+1.96 %)

Huat ah ! Heng ah ! Ong ah !

Posted by Baby Shark > 2020-05-13 08:07 | Report Abuse

No Holland la..

Posted by uniteen > 2020-05-13 10:59 | Report Abuse

NiagaUntOngSelalu Tomorrow will push up to 18 cents
12/05/2020 9:51 PM
****
wah, this NiagaUntOngSelalu really talk cock man. say will push up to 18 cents, now 0.135 instead. luckily this is stock market. people tend to spit out crap whenever they like.

Posted by sailang85 > 2020-05-13 11:14 | Report Abuse

Urusharta (MOF) exchanged 3mil shares with EPF, and bought extra 4mil shares. Why would MOF buy so much :) Surely something is brewing right.

Posted by linheng > 2020-05-13 11:17 | Report Abuse

Why price keep going down. Any suspension of Rig Contracts with Petronas

Posted by umashankj > 2020-05-13 12:06 | Report Abuse

hi lin heng, yes, plenty of suspension. see naga rigs below:

Perisai PP101 - suspended
PVD3 - terminated
PVD1 - soon to be stack
PVD2 - soon to be stack
Vantage Aquamarine - stack until further notice
Borr Mist - contract cancelled
Naga3 - terminated
Naga5 - soon to be stack
Naga6 - soon to be stack
Aban8 - soon to be stack

Posted by linheng > 2020-05-13 12:25 | Report Abuse

Thanks. All this belong to Velesto?

Posted by umashankj > 2020-05-13 12:25 | Report Abuse

no sir, only naga rigs.

Posted by BlackWhite > 2020-05-13 12:43 | Report Abuse

G always buy bad assets to help failing companies like in the 97 crash

Posted by Lee6565 > 2020-05-13 13:34 | Report Abuse

this stock still can hold?