VELESTO ENERGY BERHAD

KLSE (MYR): VELESTO (5243)

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Last Price

0.185

Today's Change

0.00 (0.00%)

Day's Change

0.18 - 0.19

Trading Volume

14,988,400


29 people like this.

24,336 comment(s). Last comment by SinGor 5 hours ago

George99

259 posts

Posted by George99 > 2023-06-06 15:21 | Report Abuse

Pui. Can not move at all

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-06-06 17:01 | Report Abuse

Sabar sabar. Slow but steady.

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-06-06 17:03 | Report Abuse

Look at bumi Armada today's performance...sky diving man. 0.64c to 48.5c. Adoi!

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-06-06 17:11 | Report Abuse

Fpso Kraken shut down due to malfunction transformer. Takes at lease 1 to 2 month to get it run back. Luckily I already disposed few month back at 0.68c. Now all in Velesto.

Lewis Lee

1,695 posts

Posted by Lewis Lee > 2023-06-08 15:57 | Report Abuse

want to F this Velesto aka Very-slow counter also no energy already ......

Posted by Klse_faizan > 2023-06-08 16:37 | Report Abuse

Hahahaha…good news just to trap u.

SinGor

4,931 posts

Posted by SinGor > 2023-06-10 10:03 | Report Abuse

According to 100's of studies Done on contra play in DJ----98% players lost Half their money in 3 years.
My Velesto worth 191% today ( invest 8.5months ago---not even One years.---Bank FD pays 4% Max ) How to
compare 96% Gain & 4% in FD ?????????

Felix888

3,375 posts

Posted by Felix888 > 2023-06-10 10:52 | Report Abuse

SinGor mantap lah. 191% almost 2 folds. Congratulations 👏👏👏

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-06-11 09:23 | Report Abuse

Don't keep your 191% too long, stock market unpredictable anything can happen in upcoming months...example Bumi Armada. Just my 2c.

Lewis Lee

1,695 posts

Posted by Lewis Lee > 2023-06-12 15:39 | Report Abuse

why keep dropping ? also got rig's engine rosak kah ??? lol

Posted by Klse_faizan > 2023-06-12 20:26 | Report Abuse

Klu mau naik xperlu dia share good news ma.. taw2 naik saja. Ni sudah bg good news so turunla sikit

Posted by sharamancer > 2023-06-13 14:51 | Report Abuse

velesto power je

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-06-13 15:46 | Report Abuse

There's no easy money or free lunch in this world. Who ever bold enough and able to hold for longer will reap the benefit. Contra RIP.

Lewis Lee

1,695 posts

Posted by Lewis Lee > 2023-06-21 14:48 | Report Abuse

this " very slow" sleeping counter ... contra players RIP , long term investors also RIP ....

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-06-21 20:01 | Report Abuse

😴😎

SinGor

4,931 posts

Posted by SinGor > 2023-06-22 15:39 | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/Private-Equity-To-Revive-Asian-MA-With-A-Focus-On-Oil-And-Gas.html
__________________________

As stated above there are US$ 417 Bil " Dried Powder" ( meaning ready Cash ) in Private Equity willing to
supports any M&A----If Velesto wants to Rent / Buy 2nd Hand Rigs for Petronas Job--many private Equity
Cash are available

Stocker

1,497 posts

Posted by Stocker > 2023-06-22 16:33 | Report Abuse

Macam mau mari

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-06-22 17:52 | Report Abuse

If look at trend on today trading, price supposed to dip down bcoz mostly selling but dispite going down price going up. PNB/ Amanah slightly beli ke..

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-06-22 17:54 | Report Abuse

*Quietly

Posted by success2628 > 2023-06-27 10:26 |

Post removed.Why?

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-06-27 16:25 | Report Abuse

TP 0.35

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-06-28 08:19 | Report Abuse

Target TP 0.35c. Hold tight only the fittest will survive.

Posted by success2628 > 2023-07-02 09:29 | Report Abuse

Super Good news !
More & more companies rushing to be listed into KLSE !
There are 6 companies going to be listed in KLSE for July & early August 2023 ! 


1)Skyworld 10-7-2023 0.80

2)DC Healthcare 17-7-2023 0.25

3)MSTGOFT 20-7-2023 0.81

4)MYMBN 25-7-2023 0.21

5)Daythree 26-7-2023 0.30
6)KGW 1-8-2023 0.21

Felix888

3,375 posts

Posted by Felix888 > 2023-07-03 11:50 | Report Abuse

Steady! Don't spend money for unnecessary. Keep the rigs busy all the time is good enough!
https://www.nst.com.my/business/2023/07/926643/velesto-energy-moderately-spend-capex-achieve-financial-target-aspirations

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-07-03 12:06 | Report Abuse

Thanks Felix888 for sharing the good news.

Lewis Lee

1,695 posts

Posted by Lewis Lee > 2023-07-03 15:30 | Report Abuse

Wawasan 2030 ?! lol

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-07-04 13:19 | Report Abuse

Saudi Arabia extended 1 mil barrels output cut per day up to August. Russia and Algeria also join the party, agreed to curb supplies. Very good for DCR...

Posted by corpsehunter69 > 2023-07-04 16:26 | Report Abuse

lai liao?

Lewis Lee

1,695 posts

Posted by Lewis Lee > 2023-07-05 09:44 | Report Abuse

Need to wait until 2030 baru Lai liao ! Lol

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-07-05 10:42 | Report Abuse

Not necessary end of the year

Felix888

3,375 posts

Posted by Felix888 > 2023-07-05 10:49 | Report Abuse

Not necessary by month of August this year.

Stocker

1,497 posts

Posted by Stocker > 2023-07-05 16:44 | Report Abuse

gogogo

Lewis Lee

1,695 posts

Posted by Lewis Lee > 2023-07-05 18:13 | Report Abuse

By July Lai liao !!! Hopefully !!! Lol

Felix888

3,375 posts

Posted by Felix888 > 2023-07-05 18:37 | Report Abuse

So fast ah

Felix888

3,375 posts

Posted by Felix888 > 2023-07-05 20:09 | Report Abuse

Press release 2 days ago:

"All of our rigs are contracted now and they are on firm contract until the middle of next year. We are already bidding for work for the end of 2024, 2025 and 2026," he said.

He said the prospect of Velesto's bidding is worth RM3.7 billion and it is a positive indication of the wealth of opportunities out there."

😍😍😍 3 billions bidding.. Each announcement naik 0.05 is good enough.

charlie chia

2,151 posts

Posted by charlie chia > 2023-07-05 21:43 | Report Abuse

Felice 888, which press release,can share the link

Felix888

3,375 posts

Posted by Felix888 > 2023-07-05 22:12 | Report Abuse





This link Charlie. All rigs currently 100% booked until mid of next year.


https://www.nst.com.my/business/2023/07/926643/velesto-energy-moderately-spend-capex-achieve-financial-target-aspirations

Felix888

3,375 posts

Posted by Felix888 > 2023-07-05 22:25 | Report Abuse

1st Half 2023, foreign funds bought total RM132.8 million of Velesto. Top 5, in the market after Gamuda, Airports, Celcomdigi and YTL.

Congratulations to Velesto!!

Source Maybank 1st Half Foreign Fund report released today.

Posted by Robert Waters > 2023-07-06 00:12 | Report Abuse

Drill baby, drill !!!
😎

charlie chia

2,151 posts

Posted by charlie chia > 2023-07-06 07:16 | Report Abuse

Thk felix888

EAGLE

389 posts

Posted by EAGLE > 2023-07-06 10:18 | Report Abuse

engine mau start

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-07-06 17:17 | Report Abuse

Ya already climb up one step...soon engine start.

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-07-06 17:23 | Report Abuse

Malaysia joined force with opec now.
The other three countries that also agreed to join the group are Azerbaijan, Brunei and Mexico. This will strengthen the crude oil price further...very good.

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-07-06 17:24 | Report Abuse

Velesto still damn cheap now..

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-07-06 17:28 | Report Abuse

Russia voluntary cut production 500,000 barrels per day to support stabilize the oil price.

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-07-11 16:24 | Report Abuse

😀

Felix888

3,375 posts

Posted by Felix888 > 2023-07-11 21:10 | Report Abuse

Walouehh next year`s job already awarded. RM60 million from PTTEP.

Congratulations!!!

Felix888

3,375 posts

Posted by Felix888 > 2023-07-11 21:19 | Report Abuse

One month one contract award, lama lama pecah 1.00.
https://www.klsescreener.com/v2/news/view/1175055

Posted by success2628 > 2023-07-11 21:25 | Report Abuse

Velesto Energy Secures US$13 Million Contract From Thai’s PTTEP
By Business Today Editorial -
July 11, 2023

https://www.businesstoday.com.my/2023/07/11/velesto-energy-secures-us13-million-contract-from-thais-pttep/

Velesto Energy Bhd’s (VEB) indirect wholly-owned subsidiary, Velesto Drilling Sdn Bhd, has secured a contract for the provision of one 10K Jack-Up Drilling Rig for Thailand’s PTT Exploration and Production Public Company Ltd (PTTEP) 2022-2023 exploration drilling programmes estimated to worth US$13 million (US$1=RM4.66).
In a filing with Bursa Malaysia today (July 11), it said the contract was secured from PTTEP’s subsidiaries — PTTEP HK Offshore Ltd, PTTEP Sabah Oil Ltd and PTTEP Sarawak Oil Ltd.
It said the contract, expected to commence in February 2023, is to drill two firm wells and Velesto Energy would assign its NAGA 3 for the contract.
Founded on June 20, 1985, PTTEP is Thailand’s national oil company and its main business is to explore and produce petroleum products, mainly natural gas, crude oil and condensate, with focus areas in Thailand, Southeast Asia and the Middle East.
NAGA 3 is a premium independent-leg cantilever jack-up drilling rig with a drilling depth capability of 9,144 metres and a rated operating water depth of approximately 106.68 metres.

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