Posted by Akukakijudi > 2021-02-15 14:29 | Report Abuse

Kamon Velesto

Posted by maney > 2021-02-15 18:10 | Report Abuse

Just now touched 0.145!

Posted by maney > 2021-02-15 18:13 | Report Abuse

Really?
—-
Posted by Kopimilo > Feb 15, 2021 10:52 AM | Report Abuse

This is EPF golden goose?. Will EPF sell and reduced the holding equity?

Posted by Allantanks > 2021-02-15 22:51 | Report Abuse

Tak boleh pakai kaunter ini.

Posted by driller71 > 2021-02-16 01:19 | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/India-Boosts-Spot-Oil-Imports-As-Major-OPEC-Producers-Cut-Supply.html

Posted by meadow1628 > 2021-02-16 10:53 |

Post removed.Why?

Posted by stevenckheng > 2021-02-16 11:06 | Report Abuse

expecting bad QR ??

Posted by Lewis Lee > 2021-02-16 11:06 | Report Abuse

kaunter ini lambat macam kura-kura . . . . . . z z z z

Posted by bananachacha > 2021-02-16 11:10 | Report Abuse

Finally its moving!!!

Posted by meadow1628 > 2021-02-16 11:11 | Report Abuse

Yes, Velesto lai liao lai liao...
Now Velesto already traded at 0.155 +0.015 +10.7 %

Heng ah, Ong ah, Huat ah !

Posted by Ecentee > 2021-02-16 11:18 | Report Abuse

Sapura better or this counter better? Dunno which to choose to enter ?any suggestion?

Posted by meadow1628 > 2021-02-16 11:38 | Report Abuse

Now the turn for O & G theme to started to spike up like mad ...
As long as O & G theme will give you a few thousand % return in soonest of time !
Don't think too much, just sailang ...
If not not sure which one to choose, just divide it by 2 your capital,
half sailang on Sapnrg and the other half sailang on Velesto !

Heng ah, Ong ah, Huat ah !

Posted by TheArtofSelling > 2021-02-16 12:14 | Report Abuse

i love Mr Lewis Lee, after his comment... VELESTO fly
Mr Lewis Lee pls come back and make more comments
Gracia

Posted by Flybythenite > 2021-02-16 12:26 | Report Abuse

Oil now $63.66 Wow!

Posted by Flybythenite > 2021-02-16 12:27 | Report Abuse

Slow but steady also ok. Just Move with the flow !

Posted by Flybythenite > 2021-02-16 12:44 | Report Abuse

Recently Oil found in Sarawak right?

Posted by izoklse > 2021-02-16 12:47 | Report Abuse

yeah PETRONAS start giving contract for OSV and many other project.

Posted by Flybythenite > 2021-02-16 12:48 | Report Abuse

Petronas confirms gas discovery in Central Luconia, offshore Sarawak
Syahirah Syed Jaafar
theedgemarkets.com
February 10, 2021 18:41 pm +08
https://www.theedgemarkets.com/article/petronas-confirms-gas-discovery-central-luconia-offshore-malaysia

Posted by Flybythenite > 2021-02-16 12:49 | Report Abuse

I don’t like to chase high, I invested at real low last year. Haha! That’s what investment is all about right?

Posted by nasrulfahmi > 2021-02-16 13:32 | Report Abuse

0.30 is dam good

Posted by Expertise > 2021-02-16 14:02 | Report Abuse

Velestro got contract reward?

Posted by Jjkcl > 2021-02-16 14:10 | Report Abuse

contract announcement otw

Posted by Expertise > 2021-02-16 14:15 | Report Abuse

Good good

Posted by izoklse > 2021-02-16 14:17 | Report Abuse

Petronas invites bids for building of 16 OSVs

IN view of its ageing fleet of offshore support vessels (OSVs) for the oil and gas (O&G) industry, Petroliam Nasional Bhd (Petronas) has recently put out to tender the building of 16 such vessels.

It is understood that this is just the first batch of contracts up for grabs. The national oil firm’s plan is to build 100 vessels in four years — a move to phase out its old vessels, according to industry sources.

Currently, about 60% of the OSVs that are in service are at least 11 years old, which is not far from the 15-year limit imposed on these vessels.

In the latest Activity Outlook for 2021-2023, Petronas wrote that it was committed to ensuring operational safety during offshore transport. “Efforts are underway to replace the ageing fleet that is currently serving our operations through collaboration with the marine [fleet]. In addition, Petronas is currently considering options for new vessel technology for our operations that can accomodate 365 days operability per year, able to provide comfort to passengers during voyage and safe passenger transfer from vessel to platform and vice versa, among others.”

The newly built vessels will mainly be deployed for upstream activities, which are usually chartered on long-term contracts by oil majors.

Indeed, the national oil firm has already said this is an opportune time for local players and financiers to re-evaluate investment opportunities. “The Outlook depicts consistent demand for vessels supporting production operation from year to year,” says Petronas on the prospects for the OSVs for the oil production segment.


Although the industry is not out of the woods yet, industry sources say the invitation for bid is being sent out now considering that it takes 18 to 24 months to build one vessel. The building of the vessels will have been done by 2023, when a number of long-term charter contracts expire. The new OSVs will be just in time to replace the old ships.

Given the uncertainties on the horizon, Petronas is offering long-term charter contracts for each vessel even before they are built. Sources say the contracts will help protect OSV operators from the risk of not being able to secure contracts after the ships are built.

This time around, the tenure of the charter contracts is up to eight years. They will be structured as three-year contracts that are renewable for another three years plus a second renewal of two years.

Apart from earnings risks, the assurance of charter contracts in hand will also help ease the O&G players’ difficulties with obtaining financing — a major challenge that many have faced since the industry slumped into a prolonged downturn in 2015.

O&G players often face the problem of getting sufficient financing from banks to fund fresh contracts or projects that are hard to come by owing to the dearth of jobs during the current industrial recession. Consequently, this has formed a vicious cycle among the financially stressed companies. Because of their weak financial footing, they find it difficult to secure bank loans to execute any new projects that could save them from going belly up.

The recovery of global crude oil prices, which are nearing pre-Covid levels, gives a glimmer of hope of better prospects for the O&G industry after it experienced the collapse of oil prices to sub-zero last year.

Petronas’ efforts to replace its ageing vessels will be another boost to the OSV operators’ hopes of getting out of troubled waters soon, after struggling with job scarcity, depressed charter rates and overcapacity for five years.

Nevertheless, there are still concerns. Given the drought of decent long-term charter contracts, some OSV operators are expecting intense competition for Petronas’ new contracts, including from foreign bidders.

According to sources, Petronas has set a few requirements for new OSV contracts. One is that the new OSVs have to be built in the local shipyards and that the bidders have to obtain financing locally, including from foreign banks operating in Malaysia.

Some local players are keeping their fingers crossed that home-grown OSV operators will be considered first.

There is also a concern that Petronas may set ceiling prices that are too low, should there be any imposed on the bids. In the past, many charter contracts awarded were below some companies’ operating expenses. On the other hand, others may argue that these companies should have stepped up efforts for better cost management to stay competitive for jobs.

It should be noted that Petronas did mention the “prioritisation of local vessels will continue to be exercised” in its Activity Outlook report.

https://www.theedgemarkets.com/article/petronas-invites-bids-building-16-osvs

Posted by izoklse > 2021-02-16 14:19 | Report Abuse

All the best Velesto.

Posted by Flybythenite > 2021-02-16 16:49 | Report Abuse

Thank you for the news!

Posted by Flybythenite > 2021-02-16 16:50 | Report Abuse

Future is bright again!

Posted by EAGLE > 2021-02-16 17:08 | Report Abuse

Velesto to bid for OSV?

Posted by giinyang520 > 2021-02-16 18:20 | Report Abuse

Daily 1 send sound very positive! Go go go

Posted by sharewiz118 > 2021-02-16 19:32 | Report Abuse

Today volume 258,280,500, amazing !!!

Posted by Allantanks > 2021-02-16 19:39 | Report Abuse

Waiting for the big green candle+ later give u red one. Lol

Posted by linheng > 2021-02-17 03:23 | Report Abuse

Haha. 12.5 cents all gloom. Dare not buy. Now 15cents all gungho.
Thats a 20% increase already. I take profit slowly. Down can buy again

Posted by izoklse > 2021-02-17 03:26 | Report Abuse

$100 Oil: Big Banks Believe A New Oil Supercycle Is Beginning

https://oilprice.com/Energy/Oil-Prices/100-Oil-Big-Banks-Believe-A-New-Oil-Supercycle-Is-Beginning.html

Some of the world’s biggest names in oil trading and analyzing can’t seem to get on the same page when it comes to predicting what will happen next for the volatile commodity.

Some, like Jeffrey Currie of Goldman Sachs and Christyan Malek of JPMorgan, according to the Financial Times, are confident that oil is ready for the next supercycle—a prolonged rise in the price of oil.

And when they refer to this rise, they’re talking $80, or even $100 per barrel.

Others, like oil analyst Arjun Murti who correctly predicted the last $100+ per barrel achievement seen between 2008 and 2014, say that talk of this next supercycle may be a bit hasty.

For Malek, he sees a situation where demand outstrips supply, before “we don’t need it in the years to come.”

The reason for supercycle predictions is simple: stimulus packages, most notably the stimulus package that the U.S. government is expected to roll out, are expected to boost consumption.

And according to Currie, this stimulus will create a “significant, commodity-intensive consumption” as the stimulus package is mostly targeting lower and middle-income households.

“These people don’t drive Teslas,” Currie explained. “They drive SUVs”.

Murti, on the other hand, thinks that if oil demand were to increase by a half a million barrels per day over the next year, it wouldn’t be enough to outstrip supply.

As a point of reference, global oil demand sank roughly 10 million barrels per day as a result of the pandemic in 2020.

If, however, oil demand were to pick up steam by as much as 1.4 million barrels per day, a supercycle may follow.

Veteran trader Pierre Andurand told the Financial Times that the fate of oil prices rests on OPEC—specifically on how much oil they supply.

Standing in the way of the next supercycle, says Andurand, could be Iran returning to the global oil markets, and OPEC’s production in general.

Retired veteran trader—a particularly successful one that made a not-so-small fortune on oil’s last supercycle—Andy Hall, sees the oil market in “terminal decline” the Financial Times writes, and likened any price rally as a dead cat bounce.

By Julianne Geiger for Oilprice.com

Posted by nasrulfahmi > 2021-02-17 11:18 | Report Abuse

can touch 19 sen?

Posted by TedTock > 2021-02-17 11:21 | Report Abuse

Yes I think so. Even 30 sen in the near future, in my opinion.

Posted by Flybythenite > 2021-02-17 11:32 | Report Abuse

Brent Crude $63.62 now! :)

Posted by Flybythenite > 2021-02-17 11:32 | Report Abuse

Up up up!

Posted by Flybythenite > 2021-02-17 11:33 | Report Abuse

As long as oil is up, this counter will be up!

Posted by signalmw > 2021-02-17 11:50 | Report Abuse

Top up top up TH 40 sen

Posted by signalmw > 2021-02-17 12:08 | Report Abuse

Salang

Posted by Flybythenite > 2021-02-17 12:27 | Report Abuse

Go go go!

Posted by Flybythenite > 2021-02-17 12:27 | Report Abuse

Up up up!

Posted by Ecentee > 2021-02-17 12:35 | Report Abuse

I see more light in sapura than velesto..i enter sapura yesterday today earn already..haha

Posted by xiaogumin88 > 2021-02-17 14:23 | Report Abuse

no shark come to this counter..

Posted by meadow1628 > 2021-02-17 15:26 |

Post removed.Why?

Posted by anaktodak > 2021-02-17 15:41 | Report Abuse

velesto trading at 0.16, any news on project coming? or they going to float price at 0.20..

Posted by meadow1628 > 2021-02-17 15:45 |

Post removed.Why?

Posted by meadow1628 > 2021-02-17 15:52 | Report Abuse

Wow, why suddenly spike up like mad ???
Now Velesto already at 0.165 +0.015 +10 %

Heng ah, Ong ah, Huat ah !

Posted by LossAversion > 2021-02-17 15:53 | Report Abuse

Dont move, complain. Spke, also complain???

Go, Velesto, Go... Finally charging ahead!

Posted by meadow1628 > 2021-02-17 16:01 |

Post removed.Why?