Posted by meadow1628 > 2021-02-04 08:52 | Report Abuse

Argus Live: Crude prices could surge to $80/bl in 2021
Published date: 27 January 2021

https://www.argusmedia.com/en/news/2181082-argus-live-crude-prices-could-surge-to-80bl-in-2021

Posted by meadow1628 > 2021-02-04 08:52 | Report Abuse

Global crude prices could soar to $80/bl this year because of severe inventory shortages and rising demand, but US shale producers are unlikely to ramp up production, a panel of experts told the Argus Live Crude Summit today........

Posted by sheep > 2021-02-04 09:05 | Report Abuse

with this award and more, Utilisation of Icon fleet of vessels will increase for sure...wakakakaka

Posted by 118_ > 2021-02-04 09:28 | Report Abuse

18 sen by CNY?

Posted by Anti_banker > 2021-02-04 10:16 | Report Abuse

IPO 1.8 why can allow? Bankers=con?

Posted by BanglaMan > 2021-02-04 10:29 | Report Abuse

Told you already.. will never change even if oil price 100... too many retailers stucked at high price.. once price up everyone will dump..

Posted by Abdulazizba > 2021-02-04 15:28 | Report Abuse

i guess we have to wait for QR to come out and see the EPS. If improve sure it will go front otherwise go behind

Posted by Abdulazizba > 2021-02-04 15:32 | Report Abuse

im holding since last year at average price of 0.06.. everyday i see ICON at offshore. Business is there but timing are not so good now. Once Petronas improve expenditure than local O&G player will flourish..

Posted by BanglaMan > 2021-02-04 22:17 | Report Abuse

Say already,, will never go up...

Posted by BanglaMan > 2021-02-05 09:22 | Report Abuse

Aikksss drop when oil near 1 year high? Kek

Posted by meadow1628 > 2021-02-05 10:37 |

Post removed.Why?

Posted by BanglaMan > 2021-02-05 11:49 | Report Abuse

Icon price continue to drop while oil price up... shows results will be bad

Posted by meadow1628 > 2021-02-05 17:51 |

Post removed.Why?

Posted by wickedlion > 2021-02-05 19:55 | Report Abuse

no-fly-zone continues on...

Posted by meadow1628 > 2021-02-05 23:23 | Report Abuse

Maybank IB: Icon Offshore expected to turn profitable in FY21
By INTAN FARHANA ZAINUL
Friday, 05 Feb 2021 11:57 AM MYT
https://www.thestar.com.my/business/business-news/2021/02/05/icon-offshore-to-turn-profitable-in-fy21-says-maybank-ib

PETALING JAYA: Icon Offshore Bhd is expected to be profitable this year driven by its million ringgits worth of contract for its newly acquired jack-up drilling rig.

Maybank IB Research estimated that Icon would turn profitable in the financial year 2021 from its rig’s ops, generating a net profit of US$6mil-US$8mil per annum, while its offshore support vessel (OSV) operation would lower lowers its losses on thanks to higher utilisation level at 62%.

“We are positive on Icon for securing a contract for its jack-up rig. We are positive that it would be the catalyst to turning its financials around,” it said in a report yesterday.

On Wednesday, Icon announced that it had secured a US$13.3mil (RM53.85mil) order to supply a jack-up drilling rig to Petrofac (Malaysia-PM304) Ltd, raising the group’s order book to RM768.8mil.

The duration of the contract is for 180 days or six months 6 months up to September 2021.

The project is for Icon's newly acquired jack-up rig that it bought from Perisai Petroleum Teknologi Bhd for US$42.54mil (RM177mil).

“We are positive, but not entirely surprised, by this development. Based on the contract value, it equates to a daily charter rate (DCR) of US$74,000, and as such appears to be above the prevailing market of US$68,000-US$70,000,” it said

It pointed out that that the contract tenure is shorter than that initially expected but would be in line, should Petrofac exercise the extension option.
Maybank IB remains it “buy” calls on Icon and expected that while the outlook is improving but the pace of recovery will be gradual, backed by its continuous efforts to optimise costs and OSV utilisation.

Merger and acquisition is a key catalyst to unlocking values, it added.

“OSVs DCR, utilisation and operating expenditure are Icon’s key earnings drivers. Variations in any of these parameters will impact profitability.

“Prolonged weakness in OSV utilisation and earnings expected would have a detrimental impact to its cash flows,” Maybank IB said.

Posted by Trader Lo > 2021-02-07 05:37 |

Post removed.Why?

Posted by snwong13 > 2021-02-07 08:05 | Report Abuse

.
Markets signalled warning signs of market rally!

https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-congress-fast-tracks-biden-stimulus-plan-apple-disney-stocks/

Posted by BanglaMan > 2021-02-08 08:47 | Report Abuse

Oil price how high also same.. oil counters are doomed..

Posted by meadow1628 > 2021-02-08 09:57 |

Post removed.Why?

Posted by HuatlaiOnglai > 2021-02-08 11:07 | Report Abuse

Oil is expected to hoot above $60/tong today. Petronas expected to announced some tender award soon.

Posted by BanglaMan > 2021-02-08 13:18 | Report Abuse

Nonsense lol

Posted by HuatlaiOnglai > 2021-02-08 13:39 | Report Abuse

Fuyoh, Oil pecah bumbung $60/tong already. Banglaman you wrong again. Next Petronas announcement.

Posted by cashflow > 2021-02-08 14:41 | Report Abuse

Icon soon 25 cents

Posted by HannahM > 2021-02-08 15:03 | Report Abuse

Still heavy...so many sellers. Let’s fly together

Posted by sarawakian63 > 2021-02-08 15:36 | Report Abuse

Up when many counters down why Banglaman complain? If true Banglaman better go back his country.

Posted by BanglaMan > 2021-02-08 22:11 | Report Abuse

Hahahahhaa announcement? U see the price got move? Hahahahahahahahha joker counter

Posted by meadow1628 > 2021-02-09 00:07 |

Post removed.Why?

Posted by cashflow > 2021-02-09 09:09 | Report Abuse

Icon anytime will soar up. Been consolidated for long now.

Posted by BanglaMan > 2021-02-09 09:13 | Report Abuse

I already say, oil price 100 also no difference

Posted by meadow1628 > 2021-02-09 10:57 |

Post removed.Why?

Posted by meadow1628 > 2021-02-09 10:59 | Report Abuse

Don’t worry, now start post pandemic, oil price will towards USD $150 per barrel...
That time ICON’s price will be at least RM12 to RM52

Posted by Miz Raya Bloom > 2021-02-09 11:01 | Report Abuse

ada lagi banglaman?
kikiki

Posted by BanglaMan > 2021-02-09 12:41 | Report Abuse

Oil price 1 juta also same icon still 11.5cents...

Posted by BanglaMan > 2021-02-09 12:41 | Report Abuse

I am never wrong...

Posted by Miz Raya Bloom > 2021-02-09 15:00 | Report Abuse

banglaman keep your opinion to yourself ler

Posted by Miz Raya Bloom > 2021-02-09 15:01 | Report Abuse

other people nak buat duit ler

Posted by jepun_77 > 2021-02-09 16:11 | Report Abuse

Just relax..the time will come

Posted by auxsin88 > 2021-02-09 16:23 | Report Abuse

Totally agree with you

Posted by BanglaMan > 2021-02-09 16:30 | Report Abuse

Hahahahahhahaha results sure bad la so many sellers yeah 2030 will up to 15 cents

Posted by BanglaMan > 2021-02-09 16:30 | Report Abuse

Oops drop again, nearly 18m shares were disposed.

Agak2 la don’t kena trap by sharks

Posted by HannahM > 2021-02-09 16:48 | Report Abuse

People selling because want to use money for cny lah...chill first, later will fly for sure

Posted by BanglaMan > 2021-02-10 09:25 | Report Abuse

Bye bye icon continue dropping while oil price continue up

Posted by 5354_ > 2021-02-10 14:21 | Report Abuse

Ex-Icon CEO new EPF CEO good news?

Posted by 5354_ > 2021-02-10 14:22 | Report Abuse

Fly when? EPF buy only can fly?

Posted by Arsenewenger8383 > 2021-02-10 14:28 | Report Abuse

Hehehe... big money coming...

Posted by Arsenewenger8383 > 2021-02-10 14:30 | Report Abuse

27yr experience in O&G.. last position in O&G was Icon.. hehehe...

Posted by Arsenewenger8383 > 2021-02-10 14:33 | Report Abuse

current price very cheap if EPF new boss want to put some EPF money here.. huge discount.. now oil in recovery phase, just nice to enter.. hehehe..

Posted by newbie5354_ > 2021-02-10 15:13 | Report Abuse

15-20 sen Icon need new EPF CEO?

Posted by meadow1628 > 2021-02-10 18:42 |

Post removed.Why?

Posted by BanglaMan > 2021-02-10 19:52 | Report Abuse

What a joker la u all, from oil price to EPF ceo which is not even related. It won’t move beyond 12 cents this year la wahahahahahhhahahahah say already 2025 will go up 12 cents wahahahahhahaha so many in denial to this shitty atock