Posted by ragesliew > 2020-06-08 23:18 | Report Abuse

See who is holding Vekesto shares.... PNB, KWAP, EPF..... not much liquidity.
Hence, hard for share to go up. People is concern future contract win, too many bad news although oil price go up. Long term wise, this is the only Malaysia jack-up rig company....

Posted by sharewiz118 > 2020-06-08 23:39 | Report Abuse

Crude oil price drop again disaster

Posted by limitupupup > 2020-06-08 23:43 | Report Abuse

good QR also pricing drop. Too heavy liao

Posted by sharewiz118 > 2020-06-09 00:00 | Report Abuse

Brent Crude oil price drop again .... sigh .... like that how to fly ?

Posted by sharewiz118 > 2020-06-09 00:17 | Report Abuse

tomolo sure got monkey start panic selling liao

Posted by PanjiAlam55 > 2020-06-09 00:46 | Report Abuse

Drop bcoz of "Monkey Jump on the bed" hehehehe

Posted by Huat8huat8 > 2020-06-09 01:00 | Report Abuse

Lol. Tmr will have lots of buy in. Consolidating means up. Up. Up an dthe long trend is up.

Posted by lanikai > 2020-06-09 01:33 | Report Abuse

Morgan Stanley: This Oil Rally Won’t Last
https://oilprice.com/Energy/Oil-Prices/Morgan-Stanley-This-Oil-Rally-Wont-Last.html

Sorry guys bad news for short-mid term investors.

Posted by lanikai > 2020-06-09 02:15 | Report Abuse

“Later on Monday, however, prices reversed course and were down by around 1 percent at 8:00 a.m. EDT during the OPEC+ video news conference at which Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said the extra cuts that the Kingdom and its Gulf allies had promised for June on top of their commitments would not be extended to July.”

Thats explain why the oil price is dropping. Latest news.

Posted by Kent33888 > 2020-06-09 03:24 | Report Abuse

Us oil stock all rise back the level before lock down, why malaysia can't? Lol don't think too much if you confident, if want sell then sell all slowly regret.

Posted by Godofgambler > 2020-06-09 06:56 | Report Abuse

Sell all and regret emo sitting in the corner of the room lol...
But from what i see... Anytime oil price will rockey...
Today drop 5%... But i guess anytime tomorrow will up 15%

Posted by JayC88 > 2020-06-09 06:57 | Report Abuse

lol no worry. i sold all last week, today collect back lower.

Posted by nasrulfahmi > 2020-06-09 07:50 | Report Abuse

get ready

Posted by Twowah123 > 2020-06-09 07:52 | Report Abuse

Crap. Oil Drop back

Posted by serpent100 > 2020-06-09 08:19 | Report Abuse

Don't worry be happy.... Up drop ia normal... Now already up.... Velesto can't up because like elephant

Posted by anson938 > 2020-06-09 08:25 | Report Abuse

ICE Brent Crude (Aug'20) (@LCO.1:Intercontinental Exchange Europe)
Export chart+ WATCHLIST
*Data is delayed | USD
Last | 1:14:03 AM BST Volume
41.26 +0.46 (+1.13%)

Oil rebounce back

Posted by JoshuaMS7 > 2020-06-09 09:09 | Report Abuse

oil up 41 usd velesto still 0.180 hehe

Posted by MoneyHeist > 2020-06-09 09:10 | Report Abuse

OnG stocks this week! Boom boom ciao guys. Good luck

Posted by fizz27 > 2020-06-09 09:30 | Report Abuse

Haih want to collect at 0.170 also hard now

Posted by JoshuaMS7 > 2020-06-09 09:42 | Report Abuse

Sold 0.180, waiting for lower and collect hehe..

Posted by intel > 2020-06-09 11:07 | Report Abuse

https://www.wsj.com/articles/oil-falters-as-libyan-u-s-production-threaten-to-mute-opec-cuts-11591620390

Posted by armadatuah2017 > 2020-06-09 11:36 | Report Abuse

only cheap people settle for small gain...later you'll see all will be flooding to chase high...

Posted by giinyang520 > 2020-06-09 11:36 | Report Abuse

Velesto is accumulating my friend. When time come , it will up like nobody business. Looking forward in a long run

Posted by bullrun1985 > 2020-06-09 11:50 | Report Abuse

@2017, you also all in velesto??

Posted by gnath_77 > 2020-06-09 12:24 | Report Abuse

huge accumulation detected (not sure when sharks gonna goreng all out soon to sky rocket the price... please be noted that Sharks/Institutions loves low valued good stocks to goreng since its easy to increase their profit margin compared to other higher priced stock :) don't sell for peanut profit... this stock will hover back above $0.45 cents once oil price is back to normal... may take time... but i'm long term for this...

Posted by nasrulfahmi > 2020-06-09 12:32 | Report Abuse

its good what

Posted by DChosen2 > 2020-06-09 12:35 | Report Abuse

if shark want goreng, elephant also can fly.. Velesto was goreng up to 19 C few weeks back when brent was priced at 33USD. Just dont know when.

Posted by JoshuaMS7 > 2020-06-09 13:56 | Report Abuse

yaya after lunch got show ya??

Posted by aiman168 > 2020-06-09 14:28 | Report Abuse

waiting for 0.19 today

Posted by serpent100 > 2020-06-09 14:42 | Report Abuse

Oil up velesto maintenance
Oil maintenance velesto drop
Oil drop velesto drop....

Haizzzz

Posted by williamtkb > 2020-06-09 14:52 | Report Abuse

Giant don't want to push up. Just hold and wait lo

Posted by fizz27 > 2020-06-09 14:57 | Report Abuse

Holding and collecting :)

Posted by Alvin8866 > 2020-06-09 14:58 | Report Abuse

agree...so rubbish

Posted by icepumpkin > 2020-06-09 15:04 | Report Abuse

huge collection

Posted by gnath_77 > 2020-06-09 15:06 | Report Abuse

@icepumpkin yes, there is more buying volume today for accumulation

Posted by syahir2u > 2020-06-09 15:29 | Report Abuse

collecting from bilis...

Posted by Alvin8866 > 2020-06-09 15:41 | Report Abuse

waiting......waiting....waiting......Zzzzzzzzz

Posted by giinyang520 > 2020-06-09 15:46 | Report Abuse

Agree with Gnath. Before crisis hit, price had slowly back to 30 cents but unfortunately MCO start and oil war had pull it down to 10 cents that time but the long term value is 40-50 cents in upcoming 6 months time or faster

Posted by m3379 > 2020-06-09 15:51 | Report Abuse

Contract for Velesto rigs under Petronas are not renewed for 2H of 2020. All contracts bidding to recommence for activity for 2Q of 2021

Posted by MonsterX > 2020-06-09 15:55 | Report Abuse

@m3379 got link for that news?

Posted by gnath_77 > 2020-06-09 17:02 | Report Abuse

@giinyang520 yeap... thats why i'm not monitoring the stock much on O&G... now its too volatile because of lack of synergy between oil producers on the production cut & oil war... but REMEMBER, this oil price cannot sustain... this is far lower than the minimum price they need to sell per barrel in order regain back their cost... now they can because it is short term, but there will be a time small oil players will be killed and supply glut will overtake... i expect about 6 months to 1 year it will be really HIGH before oil price correction...

Posted by VenFx > 2020-06-09 17:06 | Report Abuse

Ulesto why no move geh ?
Umw swing up to heaven already

Posted by gnath_77 > 2020-06-09 17:12 | Report Abuse

@VenFx u have any sense what is UMW and what is Velesto ? u even know why UMW went up or you don't know ? u even know what is UMW's portfolio and what is Velesto's portfolio ? your knowledge is akin comparing mee goreng & strawberry, asking why one appreciated on value while the other depreciated in value.

Posted by anson938 > 2020-06-09 21:30 | Report Abuse

WTI Crude (Jul'20)
@CL.1:New York Mercantile Exchange
*Data is delayed | USD
Last | 9:19:04 AM EDT
38.02
-0.17 (-0.45%)

Oil climb back from lowest

Posted by fizz27 > 2020-06-09 22:06 | Report Abuse

As an investor, you should know how to ignore and cut noises. Do your own research to evaluate . For me I personally believe this is an undervalued counter.

Posted by sharewiz118 > 2020-06-09 23:11 | Report Abuse

was hoping for an eagle but got a damn snail .... sigh ...

Posted by AnchoviesswimwithSha > 2020-06-09 23:36 | Report Abuse

This stock has been always in the Top Volume for the past couple of weeks, yet the price never shoot up

Posted by anson938 > 2020-06-09 23:56 | Report Abuse

ICE Brent Crude (Aug'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 4:45:03 PM BST
40.84
+0.04 (+0.10%)
1D

Up... Up.... Up..

Posted by CHLEONG888 > 2020-06-10 05:40 | Report Abuse

True, an undervalue counter, just cannot move up

Posted by anson938 > 2020-06-10 06:14 | Report Abuse

ICE Brent Crude (Aug'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 11:00:00 PM BST
40.87
+0.07 (+0.17%)

Oil stable nearly 41 usd per barrel