Posted by ken2004 > 2023-12-07 11:01 | Report Abuse

US oil prices slide below US$70 a barrel; mixed day for global stocks, not bcs of this more likely instead of covid risk

Posted by Expertise > 2023-12-07 12:26 | Report Abuse

20cents first batch collected…8 cts dream or not a dream

Posted by Macgyver11 > 2023-12-07 13:09 | Report Abuse

Max 0.18c (I guess la). While oil is recovering after sharp fall...

Posted by Macgyver11 > 2023-12-07 13:13 | Report Abuse

"Oil markets may have been oversold," which could mean the recovery is a "short-term rebound," said Tina Teng, a markets analyst with CMC Markets, in a note.

In the previous session, the market was "spooked" by data showing U.S. output remains near record highs even though inventories fell, analysts at ANZ said in a note.

This tell us that API reading is manipulating..

Posted by Macgyver11 > 2023-12-07 13:16 | Report Abuse

I3lurker forget to put 0.1 in front..anyway I hope he will get his TP.

Posted by Macgyver11 > 2023-12-07 13:29 | Report Abuse

I collected some also..waiting for 0.185 to collect another batch (if lucky la)..Velesto Vice President (Datuk Norzaidi) and Datuk Ling also collect @ 0.215c and above. If price can go as lowest as 0.08c, definitely they won't collect now...

Posted by Macgyver11 > 2023-12-07 13:51 | Report Abuse

Look like selling pressure exhausted...let see the second half of trading trend and from there we can get some clear picture..

Posted by Macgyver11 > 2023-12-07 13:53 | Report Abuse

Ok noted thank i3lurker...👍

Posted by Macgyver11 > 2023-12-07 14:22 | Report Abuse

I3lurker, correct me if I'm wrong,

Cushing storage capacity 90mil barrels
Currently they only achieved storage level of 33%...there's huge gap of emptiness in there. This not included the SPR with draw last year. Just my 2c.

Posted by Jonathan Keung > 2023-12-08 12:17 | Report Abuse

We need to respect this forum. Refrain from touching the 3R . Stick to related news flow and avoid promoting non related counters

Posted by JamesTalk > 2023-12-08 16:37 | Report Abuse

Today is a good day

Posted by Macgyver11 > 2023-12-08 16:48 | Report Abuse

Brent rebound back. Velesto will follow the sentiment.

Posted by RJ87 > 2023-12-09 21:45 | Report Abuse

BobAxelrod33,

Care to share what’s the total debt for velesto? Yinson, Armada and bla bla bla all got high debts. Most OnG/Construction/Property/IndustrialProd(metal) all got high debt. They operate on debts. As long as, operating profit above finance cost, all is good. But of cos, not all investor has a stomach for floating oil price with fixed finance charges and payment term.

I think you say what you say because you can only understand PnL statement.
But if you can answer question below correctly especially question 3, you might have different opinion.
1) What’s velesto’s cash generated from operation and finance expense?
2) What’s velesto’s total debt, short-term debt vs trade receivables and current asset.
3) Where does depreciation and amortization parked in PnL statement and what happens to asset depreciated to 0 and sold later?

Posted by RJ87 > 2023-12-09 22:05 | Report Abuse

Singor is probably right, when comes the quarter with reduced depreciation and amortization, that will be interesting PnL statement to read. Buy some and look back during Q4, 2024

Posted by Lewis Lee > 2023-12-14 13:44 | Report Abuse

TP 0.33 coming soon !

Posted by sheep > 2023-12-14 16:00 | Report Abuse

cross trading big big volumes...

Posted by Expertise > 2023-12-14 18:51 | Report Abuse

Good news from Sapura will Malaysia energy stock turnaround to bull market?

Posted by Macgyver11 > 2023-12-14 20:54 | Report Abuse

Petronas had guided a total capex of RM300 billion over the next five years, representing a 43 per cent increase from its previous five-year period.

"We believe this guidance remains intact, also taking into consideration that Petronas typically backloads towards 4Q of the year (as a reference, 4Q22 made up 45 per cent of its 2022 full-year capex)," Affin Hwang said.

Petronas' net-cash pile still stands at a healthy RM108 billion, down slightly from the previous few quarters, but improved remarkably since end-2020 of RM52 billion.

Affin Hwang said the beneficiaries of higher Petronas capex would include Velesto Energy Bhd and Dayang Enterprise Holdings Bhd.

Velesto, being the largest drilling rig provider in the country, is expected to see a higher demand of jack-up drilling rigs in Malaysia.

Petronas under its latest Activity Outlook report guides that it would require 12/14 jack-up drilling rigs for 2023/2024 (up from nine in 2022).

Meanwhile, Dayang potentially may benefit from both Petronas' increased demand for offshore maintenance, construction and modification, and hook-up and commissioning.

Posted by James Ng > 2023-12-15 20:42 | Report Abuse

[转贴] [Video:浅谈VELESTO ENERGY BERHAD, VELESTO, 5243] - James的股票投资James Share Investing
https://klse.i3investor.com/web/blog/detail/general/2023-12-15-story-h-212373033

Posted by SinGor > 2023-12-19 19:04 | Report Abuse

HongLeong holds a Big chunk of Velesto, they are in promotion mode. The modus operandi is same for ALL
Institution Buyers. If you see Bankers attacking share price and give very Low TP----It means they missed
"The Boat"----Bankers are Paid to make Money for Bank NOT to give Free TP advise to Public

Posted by Macgyver11 > 2023-12-20 12:36 | Report Abuse

Long-time hedge fund manager, Doug Kass give bold oil price prediction for year 2024. Doug Kass got 40 years experience in this field and former research Director for Leon Cooperman's omega advisors.....

Kass's outlook suggests that the U.S. will experience sluggish growth rather than a recession. If so, oil demand will stabilize, making the market more vulnerable to geopolitical uncertainty, including Presidential election-year saber-rattling by North Korea, China, and the Middle East.

"With Russia and Saudi Arabia conspiring on production cuts, the price of oil exceeds $110/barrel, and the price of a gallon of gasoline in the U.S. approaches $6," warns Kass.

A possible oil price increase to $110 or more wouldn't be good news for consumers' wallets, but oil companies would welcome it.

In 2023, oil exploration and production companies' financial results were hampered by lower prices and tough year-over-year comparisons to 2022, when prices and profitability were high. If Kass is correct, the opposite could be true in 2024. A resurgence in prices and easier 2023 comparisons could make oil stocks big winners next year.

Posted by Macgyver11 > 2023-12-21 11:42 | Report Abuse

Oil & Gas - Petronas Activity Outlook 2024-2026
Source : KENANGA, Price Call : SELL, Price Target : 0.17
Last Price : 0.225, Upside/Downside : -0.055(24.44%)

This guy never hold any of the Velesto shares. I don't know why this guy targeting Velesto among many O&G companies out there. Most probably this guy waiting for cheap ticket below 0.17c...hahaha!

Posted by Macgyver11 > 2023-12-21 12:12 | Report Abuse

Something interesting that caught my eye when I read the at last paragraph of this news. Saudi and Russia want Joe Biden out in next presidential election. Donald Trump is in favourable now.

"I think OPEC members like Saudi Arabia and allies like Russia would prefer to see Donald Trump reelected, and they may therefore try to drive prices up ahead of the election. It will be harder for President Biden to win reelection if gasoline prices are skyrocketing ahead of the election, so this will be something to watch in 2024".

We might see higher crude oil price in 2024. Higher CO price mean higher DC rate. Higher DC rate mean higher profit for Vele.

Posted by Macgyver11 > 2023-12-21 12:43 | Report Abuse

RHB IB said Velesto Energy Bhd is set to benefit from the improving drilling outlook in the next three years, and higher HWU utilisation will further enhance its earnings gains, together with Uzma Bhd.

Posted by JamesTalk > 2023-12-21 18:35 | Report Abuse

Kenanga say sell & HLIB buy call

Posted by RJ87 > 2023-12-21 21:50 | Report Abuse

Those buy liao want up…those try to collect cheap ticket want down…
Lazy to see sometimes…

Posted by Macgyver11 > 2023-12-22 12:03 | Report Abuse

That's nature of stock market..what to do.

Posted by RJ87 > 2023-12-22 12:16 | Report Abuse

Just wait next QR…no choice hv to buy liao…

report 50M profit, gonna gap up to 30sen.

Posted by Macgyver11 > 2023-12-23 08:05 | Report Abuse

https://oilprice.com/Energy/Energy-General/Buffetts-Berkshire-Hathaway-Raises-Occidental-Stake-To-277.html

Posted by SinGor > 2023-12-26 19:15 | Report Abuse

Why TA is so excited about year-end sudden push to 0.33?? Normal Institution Rebalancing will come in first
2 weeks in Jan 2024 ( maybe TA already All In )

Posted by YieldYieldExpert > 2023-12-27 11:39 | Report Abuse

oil price every up, oil stock when will follow?

Posted by SinGor > 2023-12-27 14:41 | Report Abuse

The Vice-president of Operation bought shares on 5 Dec 23, ---25 days before Qr Ends tell alot. I think he
is trying to make Quick profit from 4Q23 results

Posted by RJ87 > 2023-12-27 20:14 | Report Abuse

it's Kenanga vs TA.
Everytime Kenanga talk shit, TA rebut. I think Q4 is gonna be gonna be good.

Just don't know how good.

Posted by Macgyver11 > 2023-12-28 10:51 | Report Abuse

As good as can bring the share price up to 0.36c..my guess. That's why BOD buying now to get free bonus before Ramadan and Raya. They not going sell for penny profit. 0.36 and above very good profit for them and for us also...🤣😂

Posted by Macgyver11 > 2023-12-28 11:09 | Report Abuse

See this previous transaction from both of this BOD..

1) 4/9/2023
Datuk Ling Kien Sing
Disposed - 2,009,100 shares @ 0.25c (RM 502,275)

2) 5/9/2023
Norzaidi (VP)
Disposed - 143,000 shares @ 0.26c (RM 37,180)

Earlier before the the 3rd qtr announcement. They knew it 3rd performance not as expected, so they disposed first to collect later...smart move isn't it..

Posted by Macgyver11 > 2023-12-28 11:14 | Report Abuse

Latest transaction..

1/12/2023
Datuk Ling Kien Sing
Purchase - 2,370,000 shares @ 0.22c

5/12/2023
Norzaidi (VP)
Purchase - 140,000 @ 0.215c

Waiting for correct timing to TP again..we should follow them also...😀😎

Posted by Macgyver11 > 2023-12-28 11:21 | Report Abuse

Bilis always miss the opportunities (miss the boat dispite they didn't realise now is the correct time to collect), always buying after spike (high price) where sharks throw to them and hope for lump sum profit...that's not practicable.

Posted by Macgyver11 > 2023-12-28 11:32 | Report Abuse

The war start in between kenanga (TP 0.17c) , TA (TP 0.33c) and HL (0.27c)...

My personal, I think HL win first...hahaha!
Hope lah...nothing wrong ma

Posted by Lewis Lee > 2023-12-28 18:51 | Report Abuse

BIMB give TP 0.30 !

Posted by EAGLE > 2023-12-28 20:30 | Report Abuse

Macam suda ready mau explode.

Posted by Lewis Lee > 2023-12-29 20:12 | Report Abuse

Ku ku bird sudah explode “Very slow “ pun masih tak explode ! 😂

Posted by YieldYieldExpert > 2024-01-02 15:52 | Report Abuse

why won't move 1

Posted by Macgyver11 > 2024-01-03 08:29 | Report Abuse

Sabar just hold few more month. HLIB add in more shares under balance fund few week ago.

Posted by Macgyver11 > 2024-01-03 08:32 | Report Abuse

Now shark is swimming around there and here like headless chicken. Investment bank and foreign fund hold tight.

Posted by Lewis Lee > 2024-01-03 16:07 | Report Abuse

sabar to hold until 2030 lah .... until bankrupted and delisted !! 😂

Posted by Macgyver11 > 2024-01-03 20:30 | Report Abuse

Mahu cepat kaya beli skim cepat kaya...🤣😂.

Posted by Lewis Lee > 2024-01-04 15:14 | Report Abuse

"Very slow" jadi saham cepat kaya aku pun puas hati lah !! 🤣😂

Posted by Macgyver11 > 2024-01-04 18:37 | Report Abuse

Call tu BOD suruh tukar saham jadi saham cpt kaya..bukan lu sja puas hati semua warga veryslow puas ma..

Posted by Felix666888 > 2024-01-04 19:17 |

Post removed.Why?

Posted by Felix666888 > 2024-01-05 11:30 | Report Abuse

Steady Bom ah Bom Bibi