Posted by Macgyver11 > 2021-05-10 19:14 | Report Abuse

Agreed with you all guys. Velesto need time to recover unless they get back the damage compensation from insurance company or they can up the sunken naga 7 immediately....and to bring up the naga 7 to surface that's impossible right now.

Posted by Macgyver11 > 2021-05-10 19:15 | Report Abuse

Another bad year for Velesto...PNB mesti pening punya.

Posted by Macgyver11 > 2021-05-11 18:03 | Report Abuse

PNB masih sayang lagi velesto..kikiki

Posted by Macgyver11 > 2021-05-12 18:13 | Report Abuse

https://www.energyvoice.com/oilandgas/asia/322012/analyst-upgrades-velesto-after-rig-working-for-conocophillips-sinks-off-malaysia/

Posted by sheep > 2021-05-14 10:58 | Report Abuse

Aiyoh, oil price continue it’s bear run !
Brent closed at $66.69 ‪-- 0.36 -- 0.54%‬

‪Gone ah, Die ah, Run ah !‬
wakakaka

Posted by bullmarket1628 > 2021-05-15 12:27 |

Post removed.Why?

Posted by Macgyver11 > 2021-05-18 09:49 | Report Abuse

Why today velesto hot buying...

Posted by IronShirt > 2021-05-18 11:07 | Report Abuse

tomolo 1Q21 out. I think Good. Usually if results bad, 3--4days before Qr. out price starts falling

Posted by pestariang > 2021-05-18 11:14 | Report Abuse

how to know man i already check on their website it not release can someone share with me

Posted by Macgyver11 > 2021-05-18 14:26 | Report Abuse

Qtr blm release lagi bro tapi ada significant sign that qtr coming going to be good (prediction lah kata org lah). By see the transaction buying volumes today some investors able determine the qtr result either good or bad. Sometime insider get the news first before us...dia pe beli banyak2.

Posted by Macgyver11 > 2021-05-18 14:32 | Report Abuse

Forget about the sunken naga 7 bcoz that one still under insurance negotiations but rest of the velesto naga still operating and earning profit. Oil price stabil at us68/69 and suppose qtr should gain...I guess

Posted by Cikam > 2021-05-18 15:09 | Report Abuse

Ok im in

Posted by Macgyver11 > 2021-05-18 15:56 | Report Abuse

Brent us70+. Expected oil price shoot due to Israel war.

Posted by Expertise > 2021-05-18 18:00 | Report Abuse

Hot hot Brent us70

Posted by Mrtorking > 2021-05-18 18:40 | Report Abuse

qr comey kita raya sekali lagi

Posted by Macgyver11 > 2021-05-18 18:52 | Report Abuse

https://www.klsescreener.com/v2/news/view/829403/%E7%97%85%E6%AF%92%E5%A8%81%E8%83%81%E6%88%90%E9%9A%90%E5%BF%A7-%E6%B2%B9%E4%BB%B7%E5%A4%A7%E8%B5%B7-%E6%B2%B9%E6%B0%94%E8%82%A1%E5%8A%A8%E8%B5%B7%E6%9D%A5

Posted by Mabel > 2021-05-18 19:43 | Report Abuse

Bila mau up to 20 sen...

Brent up ...

Meow

Posted by Macgyver11 > 2021-05-18 19:58 | Report Abuse

There's 3 things we need to focus here...

Number 1..if insurance compensation claims success then velesto faith will be totally change ( blessing in disguise or something good happens in bad)..read below

Velesto’s sunk Naga 7 rig prompts CGS-CIMB’s upgrade to ‘add’, higher target price
Lam Jian Wyn

theedgemarkets.com

May 05, 2021 11:53 am +08

Velesto’s sunk Naga 7 rig prompts CGS-CIMB’s upgrade to ‘add’, higher target price
-A+A
KUALA LUMPUR (May 5): The sinking of Velesto Energy Bhd’s Naga 7 rig offshore Sarawak yesterday has prompted CGS-CIMB to upgrade the company to "add" while raising its target price to 19.5 sen from 17 sen prior.

Calling it a possible “blessing in disguise”, analyst Raymond Yap said the valuation impact of the sunk rig may be positive as its insurance claims may exceed the written-off net book value (NBV) which is estimated at RM400 million.

“First, the Naga 7 is fully insured and the insurance value is pegged to the outstanding debt secured on the rig,” he said.

Number 2 ....if 1st qtr gain and two more new contracts announcement. ..velesto will be in good financial position in second half of the year. Read this paragraph by cimb also...

“Second, given Petronas’s desire to support local asset owners with drilling jobs, Velesto may potentially experience an increase in its overall utilisation rates after the removal of the Naga 7, with the work for Naga 7 reallocated to Velesto’s other rigs. Third, the write-off of the Naga 7 may reduce Velesto’s depreciation expense,” he observed.

Number 3...things that need to be cautioned is that if if velesto fail to recoup from insurance claim then velesto most probably hv to spend around 20 mil to salvage the sunken naga 7 rig...that really bad man...

Hope number 1 & 2 favourable for velesto and for all of us as investors. Hopefully with god blessed.

Posted by Flybythenite > 2021-05-18 21:41 | Report Abuse

Sounds very good Macgyver11 ! What went down must go up! :)))

Posted by Flybythenite > 2021-05-18 21:41 | Report Abuse

Indeed blessing in disguise!

Posted by Flybythenite > 2021-05-18 21:42 | Report Abuse

Brent oil Day's Range: 69.19 - 70.23 :)

Posted by JoshuaMS7 > 2021-05-19 14:34 | Report Abuse

Seems like down further later!! Run first!!

Posted by kuliguo > 2021-05-19 14:56 | Report Abuse

velesto share price: how much is the good price to buy and keep?

Posted by JoshuaMS7 > 2021-05-19 15:30 | Report Abuse

covid cases 6000++, tonight govern might announce close like mco 1.0!! Run faster!!

Posted by pestariang > 2021-05-19 16:07 | Report Abuse

joshua the price would be 0.14 and 0.145 only , i also hoping i would be done at 0.11

Posted by SleepingForest > 2021-05-19 16:32 | Report Abuse

Yea the price won't move much . Just 0.005-0.01 only . We already saw much much this counter can drop and rise after mco . So many people will not throw the price

Posted by JoshuaMS7 > 2021-05-19 20:46 | Report Abuse

really 0.14 and 0.145 only? think might go down more this few days...

Posted by pestariang > 2021-05-20 15:10 | Report Abuse

it would depend on the Q1 report. If show profitable i dont think it will go down further.

Posted by yingzhe17 > 2021-05-20 16:41 | Report Abuse

Short sellers !

Posted by Macgyver11 > 2021-05-20 17:08 | Report Abuse

Brent drop..

Posted by pestariang > 2021-05-20 18:06 | Report Abuse

that why it had been drop so i would be peti sejuk again if droping below 60

Posted by pestariang > 2021-05-20 18:12 | Report Abuse

MELBOURNE (Reuters): Asian energy officials on Wednesday (May 19) disputed the International Energy Agency's (IEA) call for no new oil, natural gas and coal investments for the world to be able to reach net-zero carbon emissions by 2050, viewing that approach as too narrow.

The IEA, which has previously championed the oil and gas industry, this week outlined a path to net-zero emissions that suggested stopping new investments in oil, gas and coal supply, retiring coal-fired plants in advanced economies by 2030, and banning sales of new internal combustion engine cars by 2035.

Energy companies in Australia, the biggest carbon emitter per capita among the world's richest nations, and officials in Japan and the Philippines said there were many ways to get to net zero, even as the IEA said its pathway was "the most technically feasible, cost-effective and socially acceptable".

Akihisa Matsuda, the deputy director of international affairs at Japan's Ministry of Economy, Trade and Industry (METI), said the government has no plans to immediately stop oil, gas and coal investments.

"The report provides one suggestion as to how the world can reduce greenhouse gas emissions to net zero by 2050, but it is not necessarily in line with the Japanese government's policy," he said.

"Japan needs to protect its energy security including a stable supply of electricity, so we will balance this with our goal of becoming carbon neutral by 2050."

Japan was the region's third-largest carbon emitter in 2019, after China and India, according to the BP Statistical Review of Energy.

Australia's top oil and gas industry and mining lobby groups said there was "no one size fits all" for decarbonisation.

"The IEA report doesn't take into account future negative emission technologies and offsets from outside the energy sector -- two things that are likely to happen and will allow vital and necessary future development of oil and gas fields," Australian Petroleum Production and Exploration Association Chief Executive Andrew McConville said.

Australia's top independent gas producer, Woodside Petroleum, said it still aims to make a final investment decision for an US$11 billion investment to develop a new gas field off Western Australia in late 2021.

"For its part, Woodside is working with its customers, all of whom are in countries that have committed to net zero, to ensure we can supply them with the energy they are seeking in order to achieve their decarbonisation pathways," a Woodside spokeswoman said.

Australia on Wednesday committed A$600 million ($467 million) in taxpayer funds to build a new gas-fired power station to back up wind and solar power, which Energy Minister Angus Taylor said was a pragmatic move.

In the Philippines, where coal is set to be the dominant power source for years even after a ban on new coal plant proposals, Energy Secretary Alfonso Cusi said the energy transition should be "fuel and technology-neutral".

Cutting finance for oil, gas and coal without considering efficiency and competitiveness would "set back the Philippines' aspiration to join the ranks of upper middle-income countries," he said.

While the world is moving to renewable energy, demand for coal is still expected to be strong in the next few decades as some countries are still building new coal-fired power plants, said Hendra Sinadia, executive director at Indonesia Coal Mining Association.

Posted by Macgyver11 > 2021-05-20 22:07 | Report Abuse

Don't worry fossil fuel still be around in our life time.

Posted by Macgyver11 > 2021-05-20 22:29 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/05/20/rising-demand-to-support-oil-prices

Posted by JoshuaMS7 > 2021-05-21 10:25 | Report Abuse

Will history repeating?

Posted by pestariang > 2021-05-21 10:31 | Report Abuse

hold it may be drop below 0.11 since lockdown around the world making the demand slump,
when demand slump oil price cheap, when oil price cheap is not profitable for oil and gas company

Posted by pestariang > 2021-05-21 10:41 | Report Abuse

when not profitable for oil and gas company no contract issue, when no contract issue velesto pisang, when velesto pisang quater result show unprofitable, when show unprofitable share price would be drop.

Posted by DaisyWhite92 > 2021-05-21 18:23 | Report Abuse

Terpaksa jadi investor

Posted by Jjkcl > 2021-05-21 18:35 | Report Abuse

oil prices super up

Posted by shark3011 > 2021-05-21 21:44 | Report Abuse

Next week going to drop till 0.10....history will repeat.

Posted by bullmarket1628 > 2021-05-22 12:41 |

Post removed.Why?

Posted by KAQ4468 > 2021-05-23 10:45 | Report Abuse

peewwiittttt

Posted by KAQ4468 > 2021-05-23 10:46 | Report Abuse

velesto ... 13 cents become 43 cents

Posted by KAQ4468 > 2021-05-23 10:46 | Report Abuse

apa lagi mau !!!

Posted by KAQ4468 > 2021-05-23 10:46 | Report Abuse

i like !!!

Posted by Macgyver11 > 2021-05-23 13:38 | Report Abuse

https://oilprice.com/Energy/Energy-General/Oil-Stabilizes-After-Volatile-Week.html

Posted by driller71 > 2021-05-24 13:36 | Report Abuse

When is the Q1 report expected to be announced?

Posted by bullmarket1628 > 2021-05-24 14:41 |

Post removed.Why?

Posted by Skywalker00 > 2021-05-25 03:52 | Report Abuse

Can explain why oil up can up?. Not selling or producing oil.. only oil and gas contract equipments supplier/contractor... some more one sink already.

Posted by bullmarket1628 > 2021-05-25 07:13 |

Post removed.Why?