Posted by bullmarket1628 > 2021-10-02 10:16 | Report Abuse

Today’s Sin Chew Jit Poh financial section front page got good news for all O&G counters !

油价起股价反跌 油气股料急起直追
特許费達協议 砂油气将活络
星洲日报 行业快门 洪建文/报道 2-10-2021

Kenanga Reseach upgrade O&G counters to 买进(BUY), 认为油气股股价和国际油价的”错配”，将带来短线交易和捞底的机会。
本地的油气活动之前受到封锁措施的打击，因此，该行看好2002年是复苏年，因为经济活动正重新开放、国家石油公司和全球企业将重新展开投资，尽管资本开销仍然低于疫情前。

Posted by Expertise > 2021-10-02 11:24 | Report Abuse

O&g hot topic now,all in with lowest price..wait for my profit

Posted by hafizisolehah88 > 2021-10-02 15:44 | Report Abuse

aummm

Posted by IronShirt > 2021-10-03 14:16 | Report Abuse

i think with Sap drops inside a shit Hole caused by former Ceo, most of Sap goreng kaki will Hit
Velesto next week instead. Make sure you check your seat belt First thing tomolo morning

Posted by Macgyver11 > 2021-10-04 07:43 | Report Abuse

Vroom!!

Posted by JuliusCeasar > 2021-10-04 08:09 | Report Abuse

Steady VELESTO.

Posted by koyokui > 2021-10-04 08:56 | Report Abuse

Buy energy shortage will increase oil price

Posted by bullmarket1628 > 2021-10-04 09:08 |

Post removed.Why?

Posted by hafizisolehah88 > 2021-10-04 09:25 | Report Abuse

ala... volume ciput

Posted by JuliusCeasar > 2021-10-04 11:31 | Report Abuse

Hmmmmmm! Not impressive at this moment. Oil price did hit again USD 80 but trading volume is not what been expected.
So, its confirmed higher oil price means nothing to this counter. Bullmarket1628 is dreaming all the while ..... Hahaha

Posted by JuliusCeasar > 2021-10-04 11:40 | Report Abuse

Coming soon back to square one.... 14 cent

Posted by Macgyver11 > 2021-10-04 14:31 | Report Abuse

Hahaha! Velesto really testing our limit. Wahai velesto pecut Lerr...

Posted by leeziichia > 2021-10-04 15:31 | Report Abuse

Get Sapura right now guys. Get at the lowest risk and lowest price.

Posted by Macgyver11 > 2021-10-04 17:04 | Report Abuse

leeziichia Get Sapura right now guys. Get at the lowest risk and lowest price.
04/10/2021 3:31 PM

Sapura has huge volume but price keep on plunging down (high debt + recent qtr bad). Unimaginable Velesto has less volume but price stable, Vele in recovery mode...I still believed its matter of time Vele to rise up. Patience will be rewarded soon.

Posted by JJchan > 2021-10-04 18:36 | Report Abuse

Tonite breaks $80, we got show tomolo

Posted by Macgyver11 > 2021-10-04 20:57 | Report Abuse

Velesto Energy (VELESTO, 5243, main board energy stock) has been awarded a drilling service contract worth US$12.4 million (approximately RM51.83 million) from Petronas Exploration.

According to the contract, Velesto Energy will be equipped with a "NAGA 2" jack-up drilling rig to drill up to 5 oil wells, and can extend the drilling of 1+1 oil wells.

We take the above contract slightly positive, as it can extend the operating period of the NAGA 2 jack-up drilling rig.

The daily rental rate (DCR) of the latest contract is expected to be US$70,000 to US$75,000 (approximately RM290,000 to RM310,000).

As far as we know, the utilization rate of jack-up drilling rigs in the first quarter of each year is generally low for two reasons. The first, December to February will usher in the monsoon; second, it will coincide with the customer capital expenditure planning cycle.

As for the NAGA 7 drilling rig that was slightly tilted due to damage to the support, we understand that Velesto Energy has received most of the US$135 million (approximately RM563 million) insurance compensation.

The company stated that the above funds will be used to repay loans and reduce its debt ratio.

Considering that the utilization rate of various drilling rigs under Velesto Energy has increased, we expect that the company's profitability in the second half of the year will be farewell to the weakness of the first half of the year.

As for the profit forecast, we currently maintain it unchanged.

Based on the above, we maintain the “Buy” rating and set the target price at 18 sen.

Posted by Macgyver11 > 2021-10-04 20:59 | Report Abuse

Read this interesting,


"As for the NAGA 7 drilling rig that was slightly tilted due to damage to the support, we understand that Velesto Energy has received most of the US$135 million (approximately RM563 million) insurance compensation".

Posted by Macgyver11 > 2021-10-04 21:00 | Report Abuse

Velesto already received RM563mil...walaoeh!!!

Posted by Macgyver11 > 2021-10-04 21:08 | Report Abuse

Hong Leong give tp 18 but think vele can go beyond that...

Posted by Expertise > 2021-10-05 00:05 | Report Abuse

Buy call from hongleong…hope tomorrow got volume

Posted by bullmarket1628 > 2021-10-05 07:32 | Report Abuse

October 5, 2021 3:46 AM +08Last Updated 4 hours ago
Energy
Oil settles above $81 with OPEC+ sticking to output increase
By Laura Sanicola

https://www.reuters.com/business/energy/oil-falls-ahead-opec-supply-policy-meeting-2021-10-04/

Posted by bullmarket1628 > 2021-10-05 07:33 | Report Abuse

Oct 4 (Reuters) - Oil jumped to a three-year peak on Monday after OPEC+ confirmed it would stick to its current output policy as demand for petroleum products rebounds, despite pressure from some countries for a bigger boost to production.
The producer club's decision to keep increasing oil output gradually sent prices sharply higher, adding to inflationary pressures that consuming nations fear will derail an economic recovery from the pandemic. read more
OPEC+ agreed in July to boost output by 400,000 barrels per day (bpd) each month until at least April 2022 to phase out 5.8 million bpd of existing production cuts.
Brent crude settled up $1.98, or 2.5%, to $81.26 a barrel. It rose 1.5% last week for a fourth consecutive weekly gain, and was back up to highs last seen in 2018.

U.S. oil settled up $1.74, or 2.3%, to $77.62 a barrel after gaining for the past six weeks, and was at its highest since 2014.
"Given the demand picture and the outcome of the OPEC meeting, the overall sentiment around crude is bullish," said John Kilduff, partner at Again Capital LLC in New York.
Demand for coal and natural gas has exceeded pre-COVID-19 highs with oil closely trailing, according to energy watchdog, the International Energy Agency. Three-quarters of global energy demand is still met by fossil fuels, with less than a fifth by non-nuclear renewables.
OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, has faced pressure from some countries to add back more barrels to the market as demand has recovered faster than expected in some parts of the world.

Four OPEC+ sources told Reuters recently that producers were considering boosting output by more than had already been agreed. read more
The oil price rally has also been fuelled by an even bigger increase in gas prices, which have spiked by 300%, prompting switching to fuel oil and other crude products to generate electricity and for other industrial needs.

Posted by JuliusCeasar > 2021-10-05 08:55 | Report Abuse

Hopefully Sharks/ Syndicates come and gorengggg this stock today......

Steady VELESTO!

Posted by JuliusCeasar > 2021-10-05 08:58 | Report Abuse

Look like tendency share price going higher is higher than going down..... Buying momentum should be strong today.... Go go up VELESTO

Posted by bullmarket1628 > 2021-10-05 12:00 |

Post removed.Why?

Posted by bullmarket1628 > 2021-10-05 12:07 |

Post removed.Why?

Posted by koyokui > 2021-10-05 14:39 | Report Abuse

Velesto que seem suspicius they will push. Bought some

Posted by JuliusCeasar > 2021-10-05 15:27 | Report Abuse

This is the game of sharks / Syndicates. They are here in the forum now and it's all depend on them. Hopefully they gorengggg the shares and push up the prices.
It's nothing to do with higher oil price...... It is more due to GORENGGGG FACTOR.

Posted by zanbini > 2021-10-05 16:03 |

Post removed.Why?

Posted by IronShirt > 2021-10-05 17:54 | Report Abuse

https://oilprice.com/Energy/Energy-General/China-Cant-Keep-Up-With-Surging-Energy-Demand.html

Petronas will be next making Hundreds of Billion. Saw how 3X ASP brings Billion to TG, Super,
and Harta....PNB should goreng Velesto to RM 1.0 to recover massive losses by SAP.

Posted by EAGLE > 2021-10-05 22:49 | Report Abuse

Bila mau fly ini kaunter?

Posted by hisaishi > 2021-10-06 08:38 | Report Abuse

selamat pagi velesto

Posted by JoshuaMS7 > 2021-10-06 08:41 | Report Abuse

Wait oil price reach 100 usd sure fly very high!

Posted by Expertise > 2021-10-06 08:45 | Report Abuse

Shark join the game?

Posted by JuliusCeasar > 2021-10-06 11:12 | Report Abuse

Yuppp! They are here but they just warm-up the engine.

Posted by EAGLE > 2021-10-06 11:21 | Report Abuse

Fly ka tak fly neh?

Posted by JuliusCeasar > 2021-10-06 11:28 | Report Abuse

EAGLE early to say..... If not today could be tomorrow Thursday or Friday.

Posted by JuliusCeasar > 2021-10-06 11:31 | Report Abuse

Volume trading currently is not impressive. So, need to wait longer.

Posted by EAGLE > 2021-10-06 13:23 | Report Abuse

Ok

Posted by JJchan > 2021-10-06 19:00 | Report Abuse

Dead on Target is 20cents short term----just need a few $ dollar push up in Oil price.

Posted by JJchan > 2021-10-06 19:02 | Report Abuse

If Gas price still breaching new High in EU,--- 30cents is just Cheese Cake in November

Posted by Macgyver11 > 2021-10-06 20:32 | Report Abuse

https://youtu.be/YB4j4gEbv_U

Posted by musso77 > 2021-10-06 21:26 | Report Abuse

this counter is soooo sloowwwww

Posted by investor2021trading > 2021-10-06 21:36 | Report Abuse

for Oil n Gas, only gud stock is Hibiscus!

Posted by JJchan > 2021-10-07 00:58 | Report Abuse

short term push has nothing to do with stock or no stock. It is All about Bankers making sure
their Loan ( Hundreds of Millions) to velesto are safe. Look at AAX, 24 billion reported loss, price
remains at 0.08 regardless what Happen.......

Posted by JuliusCeasar > 2021-10-07 08:39 | Report Abuse

This counter is to slowwwwwww moving up lorrr!
Two straight days Monday and Tuesday yesterday trading volume not very impressive..... Past historical data never telling lies.

Posted by koyokui > 2021-10-07 09:08 | Report Abuse

Buy velesto. Recent quatter reoport good

Posted by SleepingForest > 2021-10-07 14:37 | Report Abuse

OnG have to buy and keep . This counter very slow moving . Too much shares . Small traders like you and me cannot do anything. Just wait

Wait for epf , pnb , pnp to buy in . Until then just wait .

Posted by JuliusCeasar > 2021-10-08 08:55 | Report Abuse

Ok! Let support VELESTO today. Could be today is the day it's hit back 16 cent. Go go up VELESTO!!

Posted by bullmarket1628 > 2021-10-08 09:56 |

Post removed.Why?