Posted by linheng > 2020-05-15 08:58 | Report Abuse

Think people will use private car more than public transport. So oil demand will be faster than the rest

Posted by nicholas99 > 2020-05-15 09:04 | Report Abuse

Oil price rebound is inevitable. Velesto should not only wait for the oil to rebound. They should look for ways to increase revenue further.

Posted by Elmerbaby > 2020-05-15 09:13 | Report Abuse

there she goes

Posted by 5354_ > 2020-05-15 09:14 | Report Abuse

Down 50% since PN takeover by backdoor why must support them?

Posted by nicholas99 > 2020-05-15 09:17 | Report Abuse

all good oil counters go up.

Posted by armadatuah2017 > 2020-05-15 09:32 | Report Abuse

velesto income is fixed with the number of their fleets.. they only need to utilise all their fleets to go up.. targetting 80% which will raise their shares price to at least RI price...Y2020 will be good year for Velesto...and Im shifting investment into this counter..

Posted by Allantanks > 2020-05-15 10:57 | Report Abuse

Velesto if wanna up, the seller should not be too cluttered give space up ma.

Posted by Allantanks > 2020-05-15 10:58 | Report Abuse

The good signs is two months b4, buyers no always less 20 percent than seller. Now is terbalik

Posted by Twowah123 > 2020-05-15 12:56 | Report Abuse

Wow good. Time for up shorterm tp 0.2...

Posted by Alan Punpipi > 2020-05-15 13:01 | Report Abuse

Oil prices rose after the International Energy Agency predicted that the drop in demand for crude this year would not be as severe as initially thought and supply is expected to drop to a 9-year low. Brent crude jumped almost 7% to $31.51 a barrel.

Posted by Alan Punpipi > 2020-05-15 13:37 | Report Abuse

(Hot Stocks) Share prices of Bursa Malaysia-listed oil and gas (O&G)-related companies, including Velesto Energy Bhd and Hibiscus Petroleum Bhd, rose about 4% each in active morning trade today after crude oil prices registered big gains a day earlier. Brent and US oil futures rose 6.7% and 9% respectively after the International Energy Agency (IEA) forecast lower global stockpiles in the second half of 2020 (2H20) amid concerns that a second surge in Covid-19 infections could happen in the coming months.

Posted by newbie9893 > 2020-05-15 13:47 | Report Abuse

time to recollect velesto, high change will spike up this afternoon session with support of big volumn

Posted by nicholas99 > 2020-05-15 13:59 | Report Abuse

With everyone wearing mask and practising social distancing at all time. The surge won't be as much as the first one even if there is one. China open, US open, Europe open next. Oil will go up.

Posted by Allantanks > 2020-05-15 14:02 | Report Abuse

Have faith in human adaptability. We can't hide at home. Even if this covic is here to stay, we will find way to coexist. I believe mco may continue, but it will not block or stop people from travelling in the end. No good, no job, no work, is worse than death. Just a change of lifestyle. And those Arabian countries are smart one, they would control the oil price la. Their only income leh, if tourism hit bad.

Posted by Allantanks > 2020-05-15 14:04 | Report Abuse

Brent up 32 d. Wti 28.16

Posted by Macgyver11 > 2020-05-15 14:18 | Report Abuse

Where is our friend tkl88 oil price break 0.32...he supposed to say
Huat ah! Hang ah! Ong ah!

Hehehe!

Posted by linheng > 2020-05-15 14:22 | Report Abuse

WTI Crude 28+. Brent Crude 32+

Posted by Remo > 2020-05-15 14:36 | Report Abuse

Tunggu dulu.. SHOW belom start lagi pun...

Posted by nicholas99 > 2020-05-15 14:43 | Report Abuse

mestilah beli sebelum show start.

Posted by NiagaUntOngSelalu > 2020-05-15 14:52 | Report Abuse

Fly velesto fly

Posted by NiagaUntOngSelalu > 2020-05-15 14:53 | Report Abuse

Highly undervalued....time to move up

Posted by Remo > 2020-05-15 14:56 | Report Abuse

nicholas99 --> I mean jgn jual dulu. Show belom start. Hahahaha

Posted by armadatuah2017 > 2020-05-15 14:57 | Report Abuse

fabulous, ship is moving to the direction we navigate.

Posted by armadatuah2017 > 2020-05-15 14:57 | Report Abuse

at least wait till 0.30 RI price... it shouldly will hit the threshold again as we bought cheaper tickets than PNB.....they will goreng

Posted by Gemstar > 2020-05-15 15:03 | Report Abuse

Hold tight goin to 0.180 follow knm foot step

Posted by Chong Betta > 2020-05-15 15:53 | Report Abuse

ok Gemstar, hold tight since this morning...

Posted by Allantanks > 2020-05-15 16:05 | Report Abuse

Need big volume. Can relax drink coffee.

Posted by Twowah123 > 2020-05-15 16:12 | Report Abuse

Why velesto too far left behind. Suppose to be around perdana n armada .they already reach 0.2.

Posted by Twowah123 > 2020-05-15 16:15 | Report Abuse

Fcuk !

Posted by williamtkb > 2020-05-15 16:26 | Report Abuse

big guys keep selling. Maybe only 1 day show

Posted by Allantanks > 2020-05-15 16:43 | Report Abuse

Because got many hit and run players gua. Lol. Earn 3 percent let go, earn 3 percent let go. buy sell non stop. Never collect one. Lol

Posted by Macgyver11 > 2020-05-15 16:53 | Report Abuse

Velesto slow and steady..relax

Posted by EdenOfSaudi > 2020-05-15 17:29 | Report Abuse

TP 0.2 don’t worry it will reach anyhow.

Posted by Gemstar > 2020-05-15 17:38 | Report Abuse

Knm closin vry sui leh... velesto too many pump and dump kaki ;)

Posted by Gemstar > 2020-05-15 17:39 | Report Abuse

Nvmlah 0.20 cent above sure will hit ...

Posted by Godofgambler > 2020-05-15 18:28 | Report Abuse

Tp0.30 for sure..
Velesto is mini petronas....

Posted by EdenOfSaudi > 2020-05-15 19:41 | Report Abuse

I was expecting today to hit 0.15 haha. Honestly I don’t mind If it drops and I am very happy collect 0.13 and below.

Posted by EdenOfSaudi > 2020-05-15 19:44 | Report Abuse

Other than OG counters, you can check out potential glove and mask counters Esceram and Mtag.

Posted by Alan Punpipi > 2020-05-16 04:36 | Report Abuse

Brent: $32.68 (4.98%)
WTI: $29.54 (7.18%)

Posted by Alan Punpipi > 2020-05-16 04:44 | Report Abuse

Oils Futures update:
Oil - WTI (JUL) 2922 5.01%
Oil - WTI (AUG) 2982 +4.21%
Oil - Brent (JUL) 3223 +3.55%
Oil - Brent (AUG) 3260 +3.13%

Posted by izoklse > 2020-05-16 05:37 | Report Abuse

monday maybe this one can increase in price further

Posted by Twowah123 > 2020-05-16 06:07 | Report Abuse

The most drag behind in OG. Hibi almost 0.6 ready. The highest since the price decline in early march. While velesto price now idstill far away from the highest recorded in early apr (0.18). By right it should hit 0.18 today at least.

Most other OG already exceed their highest price recorded in early apr.

Posted by Twowah123 > 2020-05-16 06:10 | Report Abuse

Meaning 0.14 is too cheap n undervalue OG as of now. If want to hantam, hantam sailang all in this counter on monday sure got many rooms to sail at least 0.2 first TP

Posted by Gemstar > 2020-05-16 07:00 | Report Abuse

Monday open 0.150 oil rally are comin back

Posted by Alan Punpipi > 2020-05-16 09:27 | Report Abuse

An Intrinsic Calculation For Velesto Energy Berhad (KLSE:VELESTO) Suggests It’s 27% Undervalued and more room for upsides

Posted by Alan Punpipi > 2020-05-16 09:40 | Report Abuse

FOMO = Fear Of Missing Out Ini Kalilah !!! More Rigs will be utilized due to shale shutdown in future !!! Meaning more maintenance contract !!!

Posted by tkl88 > 2020-05-16 09:42 | Report Abuse

Wow, Fantastic !
Oil price continues it’s bull run man !

Nymex closed at => $29.71 (+2.15) (+7.80 %)
Brent closed at => $32.84 (+1.71) (+5.49 %)

Like that next week share price for all stocks especially O & G stocks in KLSE will be spike up to sky high already !

Huat ah ! Heng ah ! Ong ah !

Posted by Allantanks > 2020-05-16 10:04 | Report Abuse

OPEC member Nigeria has reined in oil production to bring Africa’s top crude exporter into line with an agreement among producers to curb output, Minister of State for Petroleum Timipre Sylva said. “The cut for Nigeria is about 417,000 barrels per day (bpd), which is about 23% of our production

Posted by IronShirt > 2020-05-16 10:22 | Report Abuse

very sure next week Oil will continue to climb.....It is Sap's Tp to reach 20cents and Velesto should
hit 35cents. Velesto 1st Qr results should be very Good, all Rigs running 100%. All Europe & US countries are opening up but USA shale rigs are plunging and Saudi & Co are cutting Output again
in June. Basically Oil demand in June is Higher than Oil Output (IEA projection)
https://www.ogj.com/general-interest/economics-markets/article/14174167/iea-2020-second-half-could-see-oil-demand-exceed-supply

Posted by linheng > 2020-05-16 10:49 | Report Abuse

I bought 4 O&G counter about 3 wks ago. Velesto, Bumi Armada, Perdana and Hibiscus. Bought the least Hibiscus ( Seems they are directly involved in producing oil ). I calculate the ratio of current price over the 52 wk high is see how much the various counters have rebounded. Hibuscus is the best. 58c/$1.15 ie 50.88%; Bumi Armada is 19.5/55.5 ie 35.14%; Velesto is 14/41 ie 34.1% and Perdana is 18.5/55.5 ie 33.33%.
Which counter you guys thick is better off fundamentally. Some research papers seems to suggest Velesco got better Balance Sheet but the share share is not doing so well