Posted by driller71 > 2021-02-24 18:57 | Report Abuse

I've been in the O&G for the past 30 years & every year "experts" have been saying that it's a dying industry. O&G is a cyclic business, yes that's true. But not dying. Dont be fooled by the so called "experts". All the green & renewables will not be able to support global energy requirement for industries & daily life needs. Let's see if solar can be used to make all your daily life items that are fossil fuel based.

The majors might be realigning their focus to renewables to diversify, but the core business is still fossil fuel. Check out Petronas...more drilling activities are being planned for many fields in the coming years.

I've gone thru downturns in 1998, 2003, 2008, 2014 and now 2020 (due to Covid). It's cyclic, the industry has rebounded and it will rebound again. Covid will be gone one day....just like many pandemics before. Just enjoy the ride folks...

Posted by Jjkcl > 2021-02-24 18:58 | Report Abuse

Correct

Posted by meadow1628 > 2021-02-24 19:39 |

Post removed.Why?

Posted by driller71 > 2021-02-24 22:22 | Report Abuse

https://us.yahoo.com/finance/news/whispers-100-oil-return-crude-080249153.html

Posted by izoklse > 2021-02-24 23:04 | Report Abuse

world growth engine i.e US,China,Europe,India, East Asia and Southeast Asia just warming up with the arrival of vaccine. Gradual business opening and market opening up. It is a huge opportunity for oil to rally further reach 70 - 80 USD or even more than that as many part of the world i.e Central Asia, Central America,middle east, The whole Latin America and the whole Africa continent still far from vaccination program as this will cause the demand to increase gradually.

Posted by izoklse > 2021-02-24 23:26 | Report Abuse

Texas Refinery Restarts Could Take Until April

https://oilprice.com/Energy/Energy-General/Texas-Refinery-Restarts-Could-Take-Until-April.html

Posted by meadow1628 > 2021-02-25 04:20 |

Post removed.Why?

Posted by hzboi > 2021-02-25 07:01 | Report Abuse

Show time today. As I speculated, big banks were trying to shake off the ikan bilis yesterday.

Posted by IronShirt > 2021-02-25 08:33 | Report Abuse

Asia Oil trading Not started yet...Last nite Oil already 67.04

Posted by IronShirt > 2021-02-25 09:02 | Report Abuse

When Oil was 70 before plunging 50%, Velesto was 30cents....WonT be long before Velesto
returns to 30cents

Posted by nasrulfahmi > 2021-02-25 09:07 | Report Abuse

very good today

Posted by BlackHorse99 > 2021-02-25 09:15 | Report Abuse

washing washing

Posted by Flybythenite > 2021-02-25 11:01 | Report Abuse

$66.40 now! Still can’t fly yet?

Posted by Flybythenite > 2021-02-25 11:02 | Report Abuse

Buy for mid term investment very gooding la!

Posted by Flybythenite > 2021-02-25 11:05 | Report Abuse

Sure after covid everyone travel, need fuel. Fool proof counter!

Posted by air01557 > 2021-02-25 11:17 | Report Abuse

Perhaps when oil hits $100

Posted by Allantanks > 2021-02-25 13:31 | Report Abuse

naik 200 usd counter pun sleep la. Overweight ini

Posted by wan161 > 2021-02-25 15:18 | Report Abuse

sabar itu indah ..

Posted by Flybythenite > 2021-02-25 18:39 | Report Abuse

When shoot better overshot kaw2! Hold us MCO here for so many days!

Posted by Allantanks > 2021-02-25 20:14 | Report Abuse

Kalau Salah, tak Indah

Posted by djibaok > 2021-02-25 20:51 | Report Abuse

Eay bila mao naek dahhhhh

Posted by anaktodak > 2021-02-25 22:25 | Report Abuse

hold for long term.

Posted by hzboi > 2021-02-26 10:04 | Report Abuse

https://www.reuters.com/article/us-usa-syria-strike/exclusive-u-s-carries-out-airstrike-against-iranian-backed-militia-target-in-syria-officials-say-idUSKBN2AP33D

US just airstriked Syria. If the middle east is destabilized... oil prices will....

Posted by driller71 > 2021-02-26 13:31 | Report Abuse

Dengar2... 2 rigs sudah dapat award from Petronas... when will Velesto announce?

Posted by djibaok > 2021-02-26 14:37 | Report Abuse

wow terbaek driller.... hari minggu kot annouce...

Posted by anaktodak > 2021-02-26 15:30 | Report Abuse

next week harga up kpd 20sen la..

Posted by Flybythenite > 2021-02-26 17:53 | Report Abuse

Got write up about Velesto!
https://simplywall.st/stocks/my/energy/klse-velesto/velesto-energy-berhad-shares/news/how-many-velesto-energy-berhad-klsevelesto-shares-do-institu

Velesto Energy Berhad is not owned by hedge funds. Our data shows that Permodalan Nasional Berhad is the largest shareholder with 50% of shares outstanding. This essentially means that they have extensive influence, if not outright control, over the future of the corporation. Urusharta Jamaah Sdn Bhd is the second largest shareholder owning 5.0% of common stock, and Employees Provident Fund of Malaysia holds about 4.2% of the company stock.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance.

Posted by Flybythenite > 2021-02-26 17:54 | Report Abuse

We ikan bilis holds 31% :)
The general public, with a 31% stake in the company, will not easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Posted by moneycome123456 > 2021-02-27 10:27 | Report Abuse

QR not yet out ?

Posted by JJchan > 2021-02-27 11:10 | Report Abuse

According to 2019 annual report, ikan Bilis hold 12.81% ( PNB + AmanahRaya= 58% ) Small Funds plus nominees holds the Rest....Ikan Bilis got No say in this Counter

Posted by JJchan > 2021-02-27 11:12 | Report Abuse

PNB will use Amanah to sapu if PNB wants Velesto to move. Normally they will buy between 100--
300 mil in 2--3days period

Posted by djibaok > 2021-02-27 15:43 | Report Abuse

sambal bilis bun

Posted by willc48 > 2021-02-27 19:45 | Report Abuse

problem is mgmt too bumi controlled. no offence. sell to chinese, sure kau tim good Hari Raya angpau for them.

Posted by Macgyver11 > 2021-02-27 19:55 | Report Abuse

Man man...once it's break 0.20 then nothing can stop..chill

Posted by EAGLE > 2021-02-27 23:39 | Report Abuse

How is bumi controlled a problem? Enlighten.

Posted by Safirdhaus > 2021-02-28 10:08 | Report Abuse

Willc48 what a dumb statement

Posted by Allantanks > 2021-02-28 11:17 | Report Abuse

sell to Chinese? s+See la Chinese compfsny hwgb, lambo, kanger, xox, ....... All kill blood bath. Tak pakai otak pikir.

Posted by Jjkcl > 2021-02-28 11:30 | Report Abuse

Nothing to do with race, market decides

Posted by SinGor > 2021-03-01 08:06 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/02/27/petronas-allocates-more-capex-for-domestic-ops

Petronas increasse Local Capex. More Drilling Job for Velesto

Posted by Chaostrader > 2021-03-01 12:51 | Report Abuse

Be patient...windfall coming...all the stars/signs seem to be aligned. Other O&G counters hv all moved up...this baby a little slow...but coming.

Posted by Macgyver11 > 2021-03-01 14:00 | Report Abuse

Come on Velesto, kasi pecah sama itu great wall 0.20c...

Posted by maxcore > 2021-03-01 14:10 | Report Abuse

loading up more..

Posted by Allantanks > 2021-03-01 15:23 | Report Abuse

Pecah la. Ah gua operator.

Posted by anaktodak > 2021-03-01 16:02 | Report Abuse

huge play at .17 and new wall setup

Posted by prince4 > 2021-03-01 16:09 | Report Abuse

US 10 year bond YIELD Spike high .Expect local and foreign funds money would flow out in big cap and mid cap stock because everybody scare buy high losses money . This month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling stocks for make money so now no prospects cannot buy and hold.High debt company cannot hold ,high prices stock cannot hold .

Posted by JJchan > 2021-03-01 17:25 | Report Abuse

need Qr result to push higher

Posted by izoklse > 2021-03-01 18:43 | Report Abuse

heheh petronas open tender dah tu. apa lagi.

Posted by SinGor > 2021-03-02 08:21 | Report Abuse

https://www.theedgemarkets.com/article/petronas-launches-malaysia-bid-round-2021-offers-13-exploration-blocks

Velesto delay Qr results to Bid for Petronas Job

Posted by jguy > 2021-03-02 09:17 | Report Abuse

gfm already up. a matter of time before this goes fast too. loading bullets

Posted by HuatlaiOnglai > 2021-03-02 18:00 | Report Abuse

Delaying qtr result in most cases is a bad qtr