Posted by SinGor > 1 month ago | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/OPEC-Says-Phasing-Out-Oil-Is-Just-A-Fantasy.html
_______________________________________________
EU forcing others developing countries to go Green has suddenly losses All its teeth bcos BRICS suddenly
formed----BRICS are saying United Nations can kiss "my ass" on Climate policy. To pass ANY UN policy,
you need only EU and USA( total control ), now we have United BRICS council ( i coined this name ) controlling 59% of World trade

Posted by Rehan > 1 month ago | Report Abuse

Is Velesto paid in USD ? If so, won't its revenue get massively affected by RM appreciation ?

Posted by SinGor > 1 month ago | Report Abuse

Management didnT used Forex gain / loss in recognising Net profit so you see little impact ( QoQ. But higher ringgit will surely low profit ( a certain extend only ) bcos Contracts are in US$---However if ringgit trend is strong
management can always hedge against spare parts ( drill Bits, piping and even salary in Thailand & Vietnam )

Posted by Macgyver111 > 1 month ago | Report Abuse

https://timesofindia.indiatimes.com/india/iran-israel-conflict-lufthansa-frankfurt-to-hyderabad-mumbai-flights-return-to-germany-swiss-says-india-flights-to-get-longer/articleshow/113861739.cms

Israel -iran conflict started...Brent might touch usd 80 again.

Posted by Macgyver111 > 1 month ago | Report Abuse

https://theedgemalaysia.com/node/727729

Posted by Macgyver111 > 1 month ago | Report Abuse

https://www.thestar.com.my/business/2024/10/02/oil-rises-on-escalating-tensions-in-the-middle-east

Posted by mikeann > 1 month ago | Report Abuse

https://www.cnbc.com/2024/10/03/crude-oil-prices-today.html

Posted by diuleiloumei > 1 month ago | Report Abuse

Too heavy , rocket reached Beirut d, but velesto still not moving

Posted by bullrun168 > 1 month ago | Report Abuse

Oil jumps over $3 a barrel as Middle East conflict stokes supply worry
By Georgina Mccartney
October 4, 2024 3:14 AM GMT+8
Reuter

HOUSTON, Oct 3 (Reuters) - Oil prices surged on Thursday as concerns mounted that a widening regional conflict in the Middle East could disrupt global crude flows.
Brent crude futures settled up $3.72, or 5.03%, at $77.62 a barrel. U.S. West Texas Intermediate (WTI) crude futures settled up $3.61, or 5.15%, to $73.71.
Brent futures reached an intraday high of $77.89 per barrel, while WTI futures peaked at $73.97 per barrel, both hitting one-month highs.

Posted by prudentinvestor > 1 month ago | Report Abuse

Small investors won't be able to move the market. You need institutional investors/syndicates to drive up the market. We are just followers and sadly often the losers.

Posted by xcraft > 1 month ago | Report Abuse

As long as oil price stay strong, it will move eventually.

Posted by prudentinvestor > 1 month ago | Report Abuse

If you want strong oil price now then pray for full scale war in the Middle East but then only oil and may be plantation counters will go up while the rest will tumble.

Posted by Macgyver111 > 1 month ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/10/04/velesto-energy-signs-mou-with-slb-to-improve-rig-capabilities

Posted by James_Bond > 1 month ago | Report Abuse

Let’s rock Velesto! Haha!

Posted by SinGor > 1 month ago | Report Abuse

Listening to news last 2 days, it looks almost sure Israel will strike Iran Oil Export terminals----Maybe next week
Oil will breach $ 80 +++ Iran will surely Hit Israel with 200++Ballistics Missile Again---My guess war
will not End so easily in 2024

Posted by Macgyver111 > 1 month ago | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/Irans-Oil-Tankers-Flee-Biggest-Export-Terminal-Fearing-Israeli-Attack.html

Posted by YieldSeeker > 1 month ago | Report Abuse

Huge volume here. Got chance to break out?

Posted by blackmamba87 > 1 month ago | Report Abuse

Expectation will be O.3, already a few months still not going up also...

Posted by Tigerchan > 1 month ago | Report Abuse

It seems Vestrol contron price not to increase it, then better to reverse it to 5 cent

Posted by Macgyver111 > 1 month ago | Report Abuse

No worries. One major attack on Iran's oil production facility will change the O&G counters perspective forever for this year and the coming years. Iran is the 7th largest oil producer in the world (estimate 4.6 billion barrels per day). 

Posted by bullrun168 > 1 month ago | Report Abuse

Walaoeh, oil price spike up like mad !
Brent closed at=> $80.93 +2.88 +3.69 %
Heng ah, Ong ah, Huat ah !

Posted by Macgyver111 > 1 month ago | Report Abuse

https://oilprice.com/Energy/Oil-Prices/Wild-Oil-Price-Forecasts-Some-Predict-350-if-Strait-of-Hormuz-Is-Blocked.html

Posted by Macgyver111 > 1 month ago | Report Abuse

https://www.upstreamonline.com/exploration/petronas-carigali-completes-two-malaysia-wildcats-next-offshore-probe-imminent/2-1-1721040

Posted by Macgyver111 > 1 month ago | Report Abuse

Can't find HL numbers of shares held. I assumed that they already disposed of it. The latest I saw, KWAP joined in. Some signal that the big shark is showing interest now. 

Posted by Macgyver111 > 1 month ago | Report Abuse

https://www.bloomberg.com/news/articles/2024-10-12/us-expects-israel-to-hit-iran-s-military-energy-sites-nbc-says

Latest news. If this materialize, then oil price will skyrocket 🚀🚀🚀

Posted by bosskubakery > 1 month ago | Report Abuse

Velesto timing?

Posted by SinGor > 1 month ago | Report Abuse

Israel has phosphorus bomb if they really want to burn down even metal pipings ( phosphorus bomb can
generate extreme Heat which will melt metal pipe --massive damage in making---I heard Israel PM say many
many times )

Posted by EAGLE > 1 month ago | Report Abuse

Boring...

Posted by diuleiloumei > 1 month ago | Report Abuse

Hezbollah drone already hit Israel, velesto still sleeping dying

Posted by Ninja _07 > 1 month ago | Report Abuse

Armada sudah naik.. velesto pula turun

Posted by Macgyver111 > 1 month ago | Report Abuse

Velesto banyak fragile, oil price turun sikit dia jatuh mendadak. Oil price naik banyak dia jalan flat..banyak susah mahu predict ini velesto, tapi apa-apa boleh berlaku dalam stock market. Kena sabar je ler.

Posted by Macgyver111 > 1 month ago | Report Abuse

Tomorrow budget presentation, hopefully boleh jalan.

Posted by Goodwill5 > 1 month ago | Report Abuse

Torday, Velesto plotted a pair of Bottom Tweezers candle stick which signify trend will be reversed to ascend and make breakout resistance of RM0.25.

Posted by Macgyver111 > 4 weeks ago | Report Abuse

👍👍👍👍 hopefully bro.

Posted by SinGor > 4 weeks ago | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/Indonesia-Looks-to-Revive-Its-Oil-and-Gas-Industry.html
______________________

Velesto no longer has to depend on Petronas----I think Petronas will "lock-in " Velesto capacity in 2026--30

Posted by SinGor > 4 weeks ago | Report Abuse

Indonesia population come very near 300mil ( Malaysia only 34mil ) Indon cannot afford EV within next 10yrs
so they have to depend on Oil extraction---Any Rigs movement from Malaysia water to Indonesia is fast and
cost much Less, ----much lower than said Thailand or Vietnam ( got monsoon weather )

Posted by CaptainRoz > 4 weeks ago | Report Abuse

sit tight with Velesto

Posted by Macgyver111 > 3 weeks ago | Report Abuse

https://www.upstreamonline.com/field-development/petronas-looking-to-build-on-its-thriving-business-offshore-indonesia/2-1-1727926


This will justify what SinGor mentioned earlier. Referring to this article, most probably, Velesto will divert their rigs to Indonesia off shore for an up-coming new contract, which is still under PETRONAS, but I guess PETRONAS will pay them much higher DCR...

Posted by Macgyver111 > 3 weeks ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/10/29/petronas-plans-significant-expansion-in-indonesia

JAKARTA: Malaysian national oil company Petroliam Nasional Bhd (PETRONAS) plans an “aggressive” expansion in Indonesia that will see it create a hub for its operations in East Java and invest in exploration in the country’s far-flung eastern regions, its Indonesia head says.

Indonesian President Prabowo Subianto’s government, which took office this month, has pledged to bolster energy development, aiming to reverse a decades-long decline in output by the former Organisation of the Petroleum Exporting Countries member.

Posted by Expertise > 2 weeks ago | Report Abuse

Trump won ,is it our money safe now?

Posted by Macgyver111 > 2 weeks ago | Report Abuse

😂🤣😂 nice question.

Posted by Macgyver111 > 2 weeks ago | Report Abuse

As far as I know, Trump got mentioned that if he wins the election, USA will pull out of the Paris agreement. 

Posted by Hansek > 2 weeks ago | Report Abuse

this stock tak boleh pakai one eventhough missle already launched

Posted by Expertise > 2 weeks ago | Report Abuse

make veleslow great again….

Posted by SinGor > 1 week ago | Report Abuse

3 assassins Capture by FBI who are suppose to KILL Trump before election are Hired by Iran ( revenge killing
bcos Trump ( US President then-- Order ) Iran General to be killed in a Drone strike )--Big Question on Monday,
Will Biden ask Israel to strike Iran next week bcos US policy is,-- USA can kill Iran General but Iran cannot kill
USA President ( not a fair world )

Posted by xcraft > 1 week ago | Report Abuse

https://www.petronas.com/media/media-releases/petronas-enhances-ep-technology-two-new-mous

Posted by Sniper S > 1 week ago | Report Abuse

What's wrong with Velesto?

Posted by Macgyver111 > 1 week ago | Report Abuse

The potential merger between MISC and Bumi Armada is heating up. Petronas owns 51% of MISC's stake. Refer to the past news: PNB is willing to do the same if there is a good buyer. PNB also holds 13.25% of Bumi Armada shares. What's going to happen next, no one knows. 

Posted by blacksmith > 1 week ago | Report Abuse

Stoopid counter

Posted by gkungpat > 1 week ago | Report Abuse

Sesuai la tu dengan nama Veleslow.. 🤭🤭🤭