Posted by Macgyver11 > 2022-01-18 15:00 | Report Abuse

Wow! Brent 87...fantastic man. 90 on the way

Posted by Expertise > 2022-01-18 16:29 | Report Abuse

Super bullish 88 now ,200coming when WHO announce end of pandemic

Posted by bullmarket1628 > 2022-01-19 06:39 |

Post removed.Why?

Posted by Macgyver11 > 2022-01-19 09:42 | Report Abuse

Wow! Brent going to hit 89 ready

Posted by bullmarket1628 > 2022-01-19 12:30 |

Post removed.Why?

Posted by Macgyver11 > 2022-01-19 12:35 | Report Abuse

Wow! Velesto now 0.14c

Posted by DonLee > 2022-01-21 16:56 | Report Abuse

wow wow ada ong sini

Posted by Team01 > 2022-01-21 17:40 | Report Abuse

It would be great if it can hit 1$$$

Posted by Macgyver11 > 2022-01-21 20:08 | Report Abuse

If hit 0.20c also consider good enough.

Posted by Macgyver11 > 2022-01-26 21:14 | Report Abuse

Wow! Oil 89+ now...soon going to touch 90. Good start for O&G counters. Come on velesto go go. Why still veleslow

Posted by bullmarket1628 > 2022-01-27 06:23 |

Post removed.Why?

Posted by JJchan > 2022-01-27 19:08 | Report Abuse

https://www.theedgemarkets.com/article/rm300m-gain-us-dollar-rise-oil-price

For every $1 increase Oil price, Malaysia wealth Or Petronas increase by RM300mil....
Oil at $100, Velesto should ask for more Drilling Price---Even West hit Recession, China and
ASEAN is still running at 4--6% Growth and there is actually less Oil output than pre-pandemic
bcos almost every Banker in West refused to pump money into Oil Drilling

Posted by Shines > 2022-01-28 13:39 | Report Abuse

Looks like not much effect on the oil price

Posted by jebatintrovert > 2022-01-28 13:51 | Report Abuse

Veleslow.

Posted by bullmarket1628 > 2022-01-29 06:56 |

Post removed.Why?

Posted by Macgyver11 > 2022-01-29 14:02 | Report Abuse

Meanwhile, Maybank IB Research singles out Velesto Energy Bhd, Icon, Malaysia Marine Heavy Engineering Bhd (MMHE), Wah Seong Corp Bhd and Dialog Group Bhd as key beneficiaries of Petronas’ domestic activities over the next three years.

This is based on the latest Petronas Activity Outlook 2022-2024 (PAO 2022-24).

“Icon and Velesto remain the best proxies to Petronas’ drilling programs, while MMHE, Wah Seong and Dialog are key beneficiaries of the fabrication, pipe-coating and maintenance works,” the research house points out.

Maybank IB Research also does not rule out a higher capex by Petronas in the second half of this year should oil prices continue to be strong.

“That said, capital remains key, for the higher oil price has led to higher costs and greater volatility, a setback and a concern to a sustainable recovery in the market,” it adds.

Areca’s Danny says Petronas is taking a conservative approach and sees crude oil price at US$50 to US$60 (RM209.50 to RM251.40) per barrel between 2022 to 2024.

“As long as Brent oil price remains above US$60 to US$65 (RM209.50 to RM272.35) per barrel mark, the activity level should remain encouraging.

“Crude oil prices could move higher based on the current situation and underinvestment in the past one to two years.

“However, prices are notoriously volatile, being as much driven by supply and demand issues, as well as speculative and derivative activities,” he adds.

Posted by Expertise > 2022-01-31 14:28 | Report Abuse

Haiya,hibiscus break above RM1….when you

Posted by ericlts8 > 2022-02-04 15:54 | Report Abuse

THIS COMPANY NEEDS NEW MANAGEMENT CHAIRMAN , CEO AND COO. PNB AND SHAREHOLDERS INJECTED BILLIONS THROUGH RIGHTS ISSUE OIL PRICE HAS RISEN TO RECORD HIGH BUT THIS COMPANYILL CANNOT PERFORM

Posted by bullmarket1628 > 2022-02-04 16:45 |

Post removed.Why?

Posted by Expertise > 2022-02-05 03:22 | Report Abuse

show time…..

Posted by bullmarket1628 > 2022-02-05 08:26 |

Post removed.Why?

Posted by hafizisolehah88 > 2022-02-06 22:46 | Report Abuse

haiyaa

Posted by Macgyver11 > 2022-02-07 09:45 | Report Abuse

Touched 15c

Posted by Macgyver11 > 2022-02-07 17:39 | Report Abuse

Closed green 0.15c

Posted by Money122 > 2022-02-08 10:24 | Report Abuse

50cent soon

Posted by Team01 > 2022-02-08 16:32 | Report Abuse

20 cent soon

Posted by bullmarket1628 > 2022-02-08 16:45 | Report Abuse

Super great news !
Malaysia's National Recovery Council agrees to fully reopen borders without quarantine by March

Rashvinjeet S Bedi
08 Feb 2022 03:19PM (Updated: 08 Feb 2022 03:19PM)

https://www.channelnewsasia.com/asia/malaysia-reopen-borders-no-quarantine-mar-1-muhyiddin-national-recovery-council-2485591

Posted by nasrulfahmi > 2022-02-09 08:12 | Report Abuse

inikalilah

Posted by Team01 > 2022-02-11 17:49 | Report Abuse

Keep buying don’t sell help this counter Go to 20 Cent or more

Posted by bullmarket1628 > 2022-02-11 18:52 | Report Abuse

Superb good news from Velesto !

Posted by bullmarket1628 > 2022-02-11 18:52 | Report Abuse

Velesto's sustainability agenda
By Farah Adilla
February 11, 2022 @ 12:46pm

https://www.nst.com.my/business/2022/02/770547/velestos-sustainability-agenda

KUALA LUMPUR: Velesto Energy Bhd remains committed to its sustainability agenda as the world is putting more urgency into producing cleaner energy and reducing carbon emissions, said president and executive director Rohaizad Darus.
He said as global stakeholders were putting more emphasis on addressing the changing business climate, energy providers had to continue providing sufficient energy to the ever-hungry world as well as finding ways to address the climate change problems.

"The expectation now is to include measuring emissions and recognise the risks of climate change. It is no longer optional for the companies to adopt ESG (environmental, social and governance) values that support climate change agenda.
"Although it is not mandatory, it is something you have to do in order to ensure that you will continue to be backed by banks and other stakeholders.

"We cannot stop producing oil and gas (O&G) until renewable energy such as wind and solar are capable of meeting the energy demand, which will take a longer time.
"There are two ways — we either produce more clean energy, which is catching up right now, such as solar and wind, or you continue to produce O&G but must try to do it with lower emission," Rohaizad told the New Straits Times recently.
He said from 2019 to last year, the group's total carbon emissions had been reduced by eight per cent.
Moving forward, he said the company planned to reduce this number even further.
In ensuring that it was doing as much as possible to reduce emissions, Velesto had installed an automated power management system on its rigs, he added.
The system, he said, automatically controlled the number of engines running based on the amount of power required at any particular time.
"This makes our operation more efficient, with reduced fuel consumption besides reducing emissions.
"Besides that, we are studying to include further improvements on the rigs. For example, battery storage on our rigs, which may allow us to conserve energy while we operate.
"We are also looking at the possibility of generating solar power on our rigs and facilities. It will not be sufficient to fully meet our requirements but at least it will reduce the energy that we generate and purchase," he said.
Velesto is also part of the FTSE4Good Index Series constituent and a winner of the MSWG-Asean Corporate Governance Award 2020 (under the Asean Asset Class Award category).
The FTSE4Good Index Series is a series of benchmark and tradable indices for ESG investors that was launched in 2001.

Posted by bullmarket1628 > 2022-02-11 18:55 | Report Abuse

Like that next Monday Velesto probably will be limit up
to closed at=> 0.445 +0.30 +206.9 %

Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-02-12 08:37 |

Post removed.Why?

Posted by bullmarket1628 > 2022-02-12 10:22 | Report Abuse

Oil price soars 3% to 7-yr highs on Ukraine jitters, tight supplies
Saturday, 12 Feb 2022 6:40 AM MYT

https://www.thestar.com.my/business/business-news/2022/02/12/oil-price-soars-3-to-7-yr-highs-on-ukraine-jitters-tight-supplies

NEW YORK: Oil prices ended 3% higher on Friday at fresh seven-year highs as escalating fears of an invasion of Ukraine by Russia, a top energy producer, added to concerns over tight global crude supplies.
Russia has massed enough troops near Ukraine to launch a major invasion, Washington said, as it urged all U.S. citizens to leave the country within 48 hours.

Britain also advised its nationals to leave Ukraine as Prime Minister Boris Johnson impressed the need for NATO allies to make it absolutely clear that there will be a heavy package of economic sanctions ready to go, should Russia invade Ukraine.
Brent crude futures settled US$3.03, or 3.3%, higher at $94.44 a barrel, while U.S. West Texas Intermediate crude rose $3.22, or 3.6%, to $93.10 a barrel.

Both benchmarks touched their highest since late 2014, surpassing the record highs hit on Monday, and posted their eighth consecutive week of gains on growing concerns about global supplies as demand recovers from the coronavirus pandemic.
Trading volumes spiked in the last hour of trading, with volumes for global benchmark Brent climbing to their highest in more than two months.
"The market doesn't want to be short going into the weekend... if an invasion appears to be imminent and you know that there will be retaliatory sanction that will result in a disruption in natural gas and oil supplies," Andrew Lipow, president of Lipow Oil Associates in Houston.
The International Energy Agency raised its 2022 demand forecast and expects global demand to expand by 3.2 million barrels per day (bpd) this year, reaching an all-time record 100.6 million bpd.
The energy watchdog's report follows the Organization of the Petroleum Exporting Countries' warning earlier this week that world oil demand might rise even more steeply this year on a strong post-pandemic economic recovery.
The IEA added that Saudi Arabia and the United Arab Emirates could help to calm volatile oil markets if they pumped more crude, adding that the OPEC+ alliance produced 900,000 bpd below target in January.
The two OPEC producers have the most spare production capacity and could help to relieve dwindling global oil inventories that have been among factors pushing prices towards $100 a barrel, deepening inflation worldwide.
The Biden administration responded to high prices by again stating this week that it has been talking with large producers about more output, as well as the possibility of additional strategic releases from large consumers, as it did late last year.
Indirect U.S.-Iran nuclear talks resumed this week after a 10-day break. A deal could see the lifting of sanctions on Iranian oil and ease supply tightness.
In the United States, drillers added the most oil rigs in a week in four years, with the rig count, an indicator of future production, rising 19 to 516, its highest since April 2020, energy services firm Baker Hughes Co said.- Reuters

Posted by hafizisolehah88 > 2022-02-12 22:49 | Report Abuse

kasi bom!

Posted by EAGLE > 2022-02-14 09:31 | Report Abuse

Super hot crude oil price.

Posted by nasrulfahmi > 2022-02-14 09:48 | Report Abuse

volume ok

Posted by bullmarket1628 > 2022-02-14 10:17 |

Post removed.Why?

Posted by EAGLE > 2022-02-14 16:19 | Report Abuse

Ramai mau cabut kaunter ini?

Posted by bullmarket1628 > 2022-02-15 06:52 |

Post removed.Why?

Posted by bullmarket1628 > 2022-02-15 12:26 |

Post removed.Why?

Posted by Izzyy > 2022-02-15 17:09 | Report Abuse

Oil almost $100 but still sleeping..

Posted by Shines > 2022-02-15 18:38 | Report Abuse

Washing clothes

Posted by Expertise > 2022-02-15 21:19 | Report Abuse

too weighing,not a easy job…keep it up

Posted by specializedvenge > 2022-02-16 11:03 | Report Abuse

Oil price
70 0.16
80 0.15
90 0.14
Apa ini

Posted by nasrulfahmi > 2022-02-16 11:27 | Report Abuse

sudah pening...tidak tahu apa sudah jd

Posted by Shines > 2022-02-16 18:52 | Report Abuse

Ini orang cakap share prices not in temdam with oil ptices haha

Posted by Macgyver11 > 2022-02-16 19:08 | Report Abuse

Only qtr result will decide velesto fate. Lets hope for good qtr...supposed velesto should return to black after consider the amount of contracts that they received last year from Petronas.

Posted by SleepingForest > 2022-02-16 21:42 | Report Abuse

The qr will be good .. insurance money from sarawak oil rig already masuk ..

The problem is this counter depends in institutional investors.. once they masuk the price will shoot up to 0.2++ small investors like us cannot do anything ..

Just buy and wait la .. this price is still good enough to enter

Posted by Macgyver11 > 2022-02-16 21:42 | Report Abuse

I believed there will be new contracts announcement soon. Those contracts that velesto received last year from Petronas is based on short term contracts...despite rising oil price, Petronas in good position to renew or awarded more new contract to Velesto....most probably soon after the qtr release.