Posted by Lewis Lee > 2022-07-07 09:56 | Report Abuse

No eyes see d !
No announcement of winning contract , no plan, no news , no nothing , insiders are all quiet , what can you expect ?? Sth wrong with this lousy company !

Posted by Lewis Lee > 2022-07-07 09:58 | Report Abuse

My worry is since the sinking one of the “naga”, their reputation turned bad , can’t win contract , utilization rate staying at 40% plus ( burning cash with loss) F liao lah !!

Posted by Macgyver11 > 2022-07-07 14:23 | Report Abuse

Oh nooooo!

Posted by BLITZRIEG > 2022-07-07 15:44 | Report Abuse

Just let it drop....currently busy with other counter.

Posted by Macgyver11 > 2022-07-07 17:10 | Report Abuse

Smart investors appear to agree: three energy gurus led by Warren Buffett himself have chosen to follow the Oracle's time-tested market wisdom of being fearful when others are greedy, and greedy when others are fearful. Over the last few weeks, Buffett, Jerry Jones and Harold Hamm--three of the richest and most successful businessmen in the U.S.-- have doubled down on their oil and gas bets, using the selloff as a buying opportunity.

Between June 17 and June 22, Buffett bought 9 million shares of Occidental Petroleum (NYSE:OXY) for around $56 per share, which compares favorably with his previous purchase of OXY in the $50-58 range. In effect, Buffett now owns 25% of OXY, counting his warrants and total shares purchased. The Oracle of Omaha also owns a $20-billion stake in Chevron Corp. (NYSE:CVX). Warren Buffett is ranked the world's 7th richest person with a net worth of $96.9B. Unfortunately, Buffet has seen his net worth shrink by $13.4B in the year-to-date, mainly due to the poor performance of his other U.S. stock investments thanks to a wide market selloff.

Several weeks ago, the Wall Street Journal featured Dallas Cowboys owner Jerry Jones in a story detailing how the billionaire grew his $1.1B investment in natural gas producer Comstock Resources Inc. (NYSE:CRK) into $2.7B. Interestingly, Jones bought control of Comstock Resources at the depths of the gas bust before natural gas prices made a dramatic U-turn. Jerry Jones is #182 on the Bloomberg Billionaires Index with a net worth of $10.7B, marking a nearly 15% increase.

Meanwhile, Harold Hamm, majority owner of shale exploration giant Continental Resources (NYSE:CLR), has gone on an all-out war to buy back the company's minority stake. Earlier this month, Hamm offered to buy the remainder of the shale driller he and his family don't already own for $4.3 billion, or $70/share, claiming that his company is grossly undervalued. The Hamm Family collectively owns 83% of the total outstanding shares of common stock.

Posted by Macgyver11 > 2022-07-07 17:11 | Report Abuse

Follow the gurus...

Posted by Macgyver11 > 2022-07-07 17:13 | Report Abuse

Follow the gurus...our investment is pretty much small compared with them, why worried...ha!

Posted by Lewis Lee > 2022-07-07 18:07 | Report Abuse

The problem is …. Gurus bought into good reputable oil companies not lousy non-performing oil companies ….

Posted by DickyMe2 > 2022-07-07 19:04 | Report Abuse

Brent crude will collapse to US$40 in a year.

Posted by Macgyver11 > 2022-07-07 20:48 | Report Abuse

Some analysis including city index expected oil could drop as lower as US45/barrel meanwhile JP Morgan firmly believed that global oil prices could climb to a "stratospheric" $380/bbl if G7 nations succeed in imposing caps on the price of Russian oil and prompt Vladimir Putin to inflict retaliatory production cuts.

According to JPM, Russia's robust fiscal position means the country can afford to slash crude output by as much as 5M bbl/day without excessively damaging its economy. However, such a drastic reduction would be bad news for oil consumers as it would push Brent crude prices to $380/bbl.

Remember last year JP Morgan is the one who predicted oil could hit usd 100/bbl....

Let's see

Posted by Macgyver11 > 2022-07-07 20:51 | Report Abuse

And,

Let's see...dickyme2 or JP Morgan

Posted by Macgyver11 > 2022-07-07 20:56 | Report Abuse

Don't underestimate velesto and BOD.....They're working silently.
Follow the guruuuuus....

Posted by Macgyver11 > 2022-07-08 12:09 | Report Abuse

Today Goldman Sachs is bullish on oil price and believed oil can surpass usd140/bbl....

Oil prices may be dropping, but oil is still headed for $140 per barrel, Goldman Sachs told CNBC on Thursday, and could even hit $140 in the face of a recession.

Posted by Macgyver11 > 2022-07-08 12:12 | Report Abuse

Wonder why the great investments gurus choose O&G stocks

Follow the guruuuuus...ha!

Posted by mf > 2022-07-08 12:13 | Report Abuse

Former Japanese Prime Minister Shinzo Abe gravely injured in shooting
Abe, Japan’s longest-serving prime minister, was giving a speech in the city of Nara ahead of an election for the upper house of Parliament, NBC News reports.

Posted by Lewis Lee > 2022-07-12 15:54 | Report Abuse

Big lao sai again ah !!!
Going to catch up with oil brother - Sapura Energy soon ah !!!!

Posted by sharewiz118 > 2022-07-12 15:55 | Report Abuse

Que at 0.08 cent

Posted by EAGLE > 2022-07-13 14:44 | Report Abuse

Crashing!

Posted by nicholas99 > 2022-07-13 16:37 | Report Abuse

brent crash. follow crash. easy as ABC. recession coming too.

Posted by Lewis Lee > 2022-07-13 17:50 | Report Abuse

5c is the next target !

Posted by EAGLE > 2022-07-14 13:03 | Report Abuse

If 2nd quarter result still loss, potential sapura situation?

Posted by Macgyver11 > 2022-07-14 16:22 | Report Abuse

Sapura high dept & poor management. Veleslow different story, dept manageable...tarak hutang tarak susah. Velesto under recovery from 2020 & 2021 downfall due to global covid catastrophic. Can't depend on 2nd qtr profit as for now but future recovery is imminent, but you must consider the oil price also. High oil price mean high daily rigs rate.

Posted by Macgyver11 > 2022-07-14 16:24 | Report Abuse

Sorry debt (spelling error)

Posted by Lewis Lee > 2022-07-14 16:35 | Report Abuse

8c big barrier got bombed !!!!

Posted by Lewis Lee > 2022-07-14 16:38 | Report Abuse

Macgyver ,

I agree with you ... but the resistance price keep being bombed everyday non stop !!

only two possibilities :-
either insider / big shareholders know sth bad we don't or
too many shareholders over reacted and panic selling ??

Posted by Macgyver11 > 2022-07-14 16:44 | Report Abuse

Other stocks also plunging down even consecutive qtr returned to black...look at Armada, hibiscus, dialog & etc. One thing is clear, no fund flowing in from foreign investors. Foreign Investors moving away from bursa. Our country got bunch of lousy administrators. If DSAB become PM, sure meletop one.

Posted by Macgyver11 > 2022-07-14 16:49 | Report Abuse

Our insiders is powerless to influence the stock price drastically, only foreign IB got huge fund...they buy huge equities from our stock market but now they're throwing.

Posted by Macgyver11 > 2022-07-14 16:56 | Report Abuse

Foreingn IB also react to crude oil price. They assumed Brent is crashing. Buy and keep lah sure got recovery one. The famous investors gurus also buying O&G counters...they not dump

Posted by wongcheehui83 > 2022-07-14 17:14 | Report Abuse

PNB is the major shareholder.
sapura energy ald fail, they won't let this fail again, else they will no face.
no matter how, they will try to push it up........
observe this month or this few months, a couple of news or story will come out

Posted by specializedvenge > 2022-07-14 17:45 | Report Abuse

Wah.. Ini lesson manyak expensive

Posted by EAGLE > 2022-07-14 20:25 | Report Abuse

Izzyy your racist comment have no place here. Go someplace else.

Posted by wongcheehui83 > 2022-07-14 21:02 | Report Abuse

purely affected by KLCI

Posted by wongcheehui83 > 2022-07-14 21:02 | Report Abuse

izzyy pls go away, we are not welcome u

Posted by wongcheehui83 > 2022-07-14 21:02 | Report Abuse

dony force us rude to u

Posted by Macgyver11 > 2022-07-14 22:51 | Report Abuse

Oil price dropping meanwhile buffet is building up his equity in O&G ....



Warren Buffett’s Berkshire Hathaway has bought another 4.3 million shares in Occidental Petroleum, bringing its total stake in the company to 19.2 percent, Reuters has reported, citing an SEC filing by Buffett’s investment vehicle.

The stock purchase is the latest in a series that has seen Berkshire Hathaway increase its interest in Oxy from less than 14 percent to close to 20 percent. This has prompted talk that the investment firm might be planning to take over the oil major.

Posted by Michael Kwok > 2022-07-14 23:46 | Report Abuse

Downgrade velesto below 4 cents.any upturn will be short lift.
Price 7.5 cents
14/7/2022 11.47 pm.

Posted by maxprofit2020 > 2022-07-15 09:19 | Report Abuse

base on wkly trend, it shall reach bottom within one month timeframe, now still in downtrend

Posted by Macgyver11 > 2022-07-15 14:46 | Report Abuse

I think max can go is 0.07c (or perhaps in worse case 0.06). Oil gaining momentum back. I don't think oil will crash below Usd 80bbl. If crude oil can maintain average around 90 to 100usd then there's no reason veleslow can drop far below. 2c opinions.

Posted by Macgyver11 > 2022-07-15 14:50 | Report Abuse

Jack up rigs market will booming with current oil price and oil consumption.

Posted by koyokui > 2022-07-19 09:18 | Report Abuse

Buy velesto lowest price ever

Posted by Lewis Lee > 2022-07-19 11:40 | Report Abuse

How low can you go ??

Posted by Lewis Lee > 2022-07-19 17:33 | Report Abuse

https://klse.i3investor.com/web/blog/detail/kianweiaritcles/2022-07-19-story-h1626223066-Kenanga_Oil_Gas_Sector_Outlook_Understanding_the_Fundamentals_of_Black_
watch this video clip, kenanga didn't comment good on Velesto (at 1:09:40)

Posted by Lewis Lee > 2022-07-19 17:43 | Report Abuse

Basically, if "very slow" could not win contract from international players instead of petronas, they will be loss making in 2022 & 2023 !! As petronas projection for their rigs are flatish for these 2 years !!

Posted by SinGor > 2022-07-20 16:28 | Report Abuse

Lewis Lee https://klse.i3investor.com/web/blog/detail/kianweiaritcles/2022-07-19...
watch this video clip, kenanga didn't comment good on Velesto (at 1:09:40)
___________________________
Kenanga is a massive Trader and protector of thousand small punters( on their account )---they made money first and ask their retailers to push later----How can you TRUST kenanga when they are your competitor???

Posted by SinGor > 2022-07-20 16:30 | Report Abuse

Kenanga paid their analyst RM10,000 a month so that you can make money?????????????Who are you?

Posted by Macgyver11 > 2022-07-20 16:51 | Report Abuse

Cannot trust this IB, they all paid to do so....number one shark.

Posted by Shines > 2022-07-20 20:14 | Report Abuse

Agreed

Posted by koyokui > 2022-07-21 13:47 | Report Abuse

Moving now good

Posted by SinGor > 2022-07-24 15:55 | Report Abuse

https://oilprice.com/Energy/Energy-General/Halliburton-Q2-Income-Surges-As-Global-Drilling-Activity-Rises.html

Halliburton sees "multiple years of increase Drilling activities"

Posted by SinGor > 2022-07-24 17:59 | Report Abuse

https://finance.yahoo.com/news/warren-buffett-morning-brief-july-23-110012203.html

WarrenBuffet EndGame Buys---Oil Asset Why????