ICON OFFSHORE BERHAD

KLSE (MYR): ICON (5255)

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Last Price

1.05

Today's Change

-0.02 (1.87%)

Day's Change

1.04 - 1.08

Trading Volume

872,400


11 people like this.

12,155 comment(s). Last comment by bullrun168 1 month ago

k3nthiew

518 posts

Posted by k3nthiew > 2022-01-27 15:51 | Report Abuse

Hope Icon result will boost the price

Posted by bullmarket1628 > 2022-01-29 06:53 |

Post removed.Why?

Icon 888

2,301 posts

Posted by Icon 888 > 2022-01-31 09:57 | Report Abuse

Oil Touch 90 ke

Icon 888

2,301 posts

Posted by Icon 888 > 2022-02-02 22:52 | Report Abuse

Show time

Icon 888

2,301 posts

Posted by Icon 888 > 2022-02-04 03:32 | Report Abuse

Oil 90 lo

Icon 888

2,301 posts

Posted by Icon 888 > 2022-02-04 03:33 | Report Abuse

Today see Oil & gas lo

8888_

2,923 posts

Posted by 8888_ > 2022-02-04 10:43 | Report Abuse

Brent >USD 90 Icon order book to increase?

Posted by bullmarket1628 > 2022-02-04 16:32 |

Post removed.Why?

bestoobest

100 posts

Posted by bestoobest > 2022-02-04 17:08 | Report Abuse

any good news about this counter

Alexloc04

87 posts

Posted by Alexloc04 > 2022-02-04 17:27 | Report Abuse

This is an unervalued counter, time to adjust back...

bestoobest

100 posts

Posted by bestoobest > 2022-02-04 17:35 | Report Abuse

pse explain

Posted by bullmarket1628 > 2022-02-05 08:25 |

Post removed.Why?

bestoobest

100 posts

Posted by bestoobest > 2022-02-07 10:41 | Report Abuse

how about buying now

bestoobest

100 posts

Posted by bestoobest > 2022-02-07 10:45 | Report Abuse

what is the best price

bestoobest

100 posts

Posted by bestoobest > 2022-02-07 13:51 | Report Abuse

tku

Posted by bullmarket1628 > 2022-02-07 17:03 | Report Abuse

The best price is if u didn’t buy now @0.12
Don’t regret when :
ICON’s t.p by Feb 2022=> break above 0.20
t.p by Mar 2022=> break above 0.30
t.p by Jun 2022=> break above 0.60
t.p by Sep 2022=> break above RM1.00
t.p by Dec 2022=> break above RM1.50
t.p by Mar 2023=> break above RM2.00

Posted by maggigoreng > 2022-02-07 17:44 | Report Abuse

will it reach rm200.00 by 2025 then? or much higher

DickyMe

14,892 posts

Posted by DickyMe > 2022-02-07 18:50 | Report Abuse

@bullmarket1628
"ICON’s t.p by Feb 2022=> break above 0.20..."
=======================================

Don't Bullsheit!

cashflow

3,642 posts

Posted by cashflow > 2022-02-07 22:04 | Report Abuse

20 cents easy. TP 0.30 by end of the year

Posted by maggigoreng > 2022-02-08 09:20 | Report Abuse

TP 0.60 is not a dream, but nothing above that i think, unless oil price rockets even more

bestoobest

100 posts

Posted by bestoobest > 2022-02-08 10:31 | Report Abuse

i think we are all in the dream land

M55555

1,097 posts

Posted by M55555 > 2022-02-08 11:39 | Report Abuse

If can up already up long time . This is the max height it can go probably

Posted by maggigoreng > 2022-02-08 12:08 | Report Abuse

restructured, it was dog shit before

Posted by bullmarket1628 > 2022-02-08 16:42 | Report Abuse

Super great news !
Malaysia's National Recovery Council agrees to fully reopen borders without quarantine by March

Rashvinjeet S Bedi
08 Feb 2022 03:19PM (Updated: 08 Feb 2022 03:19PM)

https://www.channelnewsasia.com/asia/malaysia-reopen-borders-no-quarantine-mar-1-muhyiddin-national-recovery-council-2485591

M55555

1,097 posts

Posted by M55555 > 2022-02-10 09:44 | Report Abuse

Too many gambler. Hoping to make quick buck .Cannot hold longer than 2 days.

Mabel

24,209 posts

Posted by Mabel > 2022-02-11 17:21 | Report Abuse

Now should taste better than Maggie Ketam..

Meow Meow Meow

bestoobest

100 posts

Posted by bestoobest > 2022-02-11 18:40 | Report Abuse

we are in the middle of the tunnel

madguy

674 posts

Posted by madguy > 2022-02-12 01:45 | Report Abuse

time to fly ?

Posted by bullmarket1628 > 2022-02-12 08:41 |

Post removed.Why?

Posted by bullmarket1628 > 2022-02-12 09:02 | Report Abuse

Super great news !
ICON grabbed a big contract
worth USD9.6 million
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3232390

Announcement details
Description: AWARD BY CONOCOPHILLIPS SARAWAK LIMITED AND CONOCOPHILLIPS SARAWAK OIL LIMITED (COLLECTIVELY BE REFERRED AS CONOCOPHILLIPS SARAWAK) FOR PROVISION OF A JACK-UP RIG FOR CONOCOPHILLIPS 2022 DRILLING CAMPAIGN TO I OILFIELD SERVICES SDN BHD (FORMERLY KNOWN AS PERISAI OFFSHORE SDN BHD) (IOSSB).

1.INTRODUCTION
The Board of Directors (“Board”) of Icon Offshore Berhad (“ICON/Company”) is pleased to announce that its subsidiary company, IOSSB has received a letter of award from ConocoPhillips Sarawak for the provision of a Jack-Up Rig, namely Icon Caren for ConocoPhillips Sarawak’s 2022 drilling campaign.
 
2.BACKGROUND/DETAILS OF THE AWARD
ConocoPhillips Sarawak had on 23 December 2021 issued a letter of award to IOSSB for the provision of a jack-up rig to drill three (3) wells plus one (1) well which is expected to commence in the 2nd quarter of 2022 . The Contract has an estimated value of USD9.6 million.
 
3.FINANCIAL EFFECTS ON ICON
The contract award is expected to contribute positively to the earnings, order book, and net assets of ICON for the financial year ending 31 December 2022.
 
4.RISKS ASSOCIATED WITH THE AWARD
IOSSB is of the view that the risks associated with the contract award are mainly operational risks such as accidents and unexpected breakdowns of the rig with such risks being mitigated through the undertaking of routine dry-docking inspections, repairs, and regular maintenance based on IOSSB’s comprehensive planned maintenance program. Together with IOSSB’s strict health, safety, and security policy and procedures, IOSSB is of the further view that the likelihood and impact of these risks are considered to be manageable within an acceptable level.
 
5. CONFIDENTIALITY
In accordance with the terms of the letter of award, IOSSB has received approval from ConocoPhillips Sarawak on the content and the release of this announcement.
 
6.DIRECTORS' AND SHAREHOLDERS' INTEREST
None of the directors, major shareholders of ICON, and/or persons connected with the directors or its major shareholders have any interest, direct or indirect in the Award.
 
7.DIRECTORS' STATEMENT
Our Board believes that the contract award is in the best interest of IOSSB and the holding company, ICON.

Date Announced: 11 Feb 2022

Posted by bullmarket1628 > 2022-02-12 09:12 | Report Abuse

Oil price spike up crazily + grabbed a big contract
worth USD9.6 million ,

Like that next Monday ICON definitely
will be limit to closed at=> 0.42 +0.30 +250 %
already liao lah !

Heng ah, Ong ah, Huat ah !

maf1964

466 posts

Posted by maf1964 > 2022-02-12 09:29 | Report Abuse

in your dreams

Posted by bullmarket1628 > 2022-02-12 10:28 | Report Abuse

Oil price soars 3% to 7-yr highs on Ukraine jitters, tight supplies
Saturday, 12 Feb 2022 6:40 AM MYT

https://www.thestar.com.my/business/business-news/2022/02/12/oil-price-soars-3-to-7-yr-highs-on-ukraine-jitters-tight-supplies

NEW YORK: Oil prices ended 3% higher on Friday at fresh seven-year highs as escalating fears of an invasion of Ukraine by Russia, a top energy producer, added to concerns over tight global crude supplies.
Russia has massed enough troops near Ukraine to launch a major invasion, Washington said, as it urged all U.S. citizens to leave the country within 48 hours.

Britain also advised its nationals to leave Ukraine as Prime Minister Boris Johnson impressed the need for NATO allies to make it absolutely clear that there will be a heavy package of economic sanctions ready to go, should Russia invade Ukraine.
Brent crude futures settled US$3.03, or 3.3%, higher at $94.44 a barrel, while U.S. West Texas Intermediate crude rose $3.22, or 3.6%, to $93.10 a barrel.

Both benchmarks touched their highest since late 2014, surpassing the record highs hit on Monday, and posted their eighth consecutive week of gains on growing concerns about global supplies as demand recovers from the coronavirus pandemic.
Trading volumes spiked in the last hour of trading, with volumes for global benchmark Brent climbing to their highest in more than two months.
"The market doesn't want to be short going into the weekend... if an invasion appears to be imminent and you know that there will be retaliatory sanction that will result in a disruption in natural gas and oil supplies," Andrew Lipow, president of Lipow Oil Associates in Houston.
The International Energy Agency raised its 2022 demand forecast and expects global demand to expand by 3.2 million barrels per day (bpd) this year, reaching an all-time record 100.6 million bpd.
The energy watchdog's report follows the Organization of the Petroleum Exporting Countries' warning earlier this week that world oil demand might rise even more steeply this year on a strong post-pandemic economic recovery.
The IEA added that Saudi Arabia and the United Arab Emirates could help to calm volatile oil markets if they pumped more crude, adding that the OPEC+ alliance produced 900,000 bpd below target in January.
The two OPEC producers have the most spare production capacity and could help to relieve dwindling global oil inventories that have been among factors pushing prices towards $100 a barrel, deepening inflation worldwide.
The Biden administration responded to high prices by again stating this week that it has been talking with large producers about more output, as well as the possibility of additional strategic releases from large consumers, as it did late last year.
Indirect U.S.-Iran nuclear talks resumed this week after a 10-day break. A deal could see the lifting of sanctions on Iranian oil and ease supply tightness.
In the United States, drillers added the most oil rigs in a week in four years, with the rig count, an indicator of future production, rising 19 to 516, its highest since April 2020, energy services firm Baker Hughes Co said.- Reuters

bestoobest

100 posts

Posted by bestoobest > 2022-02-13 19:40 | Report Abuse

is it true a S T A R is born

pineapple123

2,472 posts

Posted by pineapple123 > 2022-02-13 21:29 | Report Abuse

wei, SAPNRG, VELESTO all mati, what makes u think Icon is florishing?

newguy0801

1,616 posts

Posted by newguy0801 > 2022-02-13 23:19 | Report Abuse

A lot of people thought that ICON is an oil producing company but it is actually more like a support vessel company. So, it can just ride along the oil rally but under small influence (low rise/drop) no matter how O&G trend goes.

cicakman

7,796 posts

Posted by cicakman > 2022-02-14 15:05 | Report Abuse

PRU Counter in the making.

suprnoob

1,130 posts

Posted by suprnoob > 2022-02-14 15:20 | Report Abuse

wo wo wooooo

Posted by bullmarket1628 > 2022-02-15 06:50 |

Post removed.Why?

hafizsmj

45 posts

Posted by hafizsmj > 2022-02-15 08:52 | Report Abuse

@pineapple.. do your own research and oil and gas not mati yet.

Posted by bullmarket1628 > 2022-02-15 12:27 |

Post removed.Why?

cashflow

3,642 posts

Posted by cashflow > 2022-02-16 09:44 | Report Abuse

ICON still hasn’t take off yet. Waiting for the big bull spike

madguy

674 posts

Posted by madguy > 2022-02-17 01:31 | Report Abuse

aih .. when wan spike lol

M55555

1,097 posts

Posted by M55555 > 2022-02-17 10:34 | Report Abuse

Apa la punya i con..

newguy0801

1,616 posts

Posted by newguy0801 > 2022-02-17 17:30 | Report Abuse

Dato' Sri Hadian Bin Hashim, the managing director of ICON Offshore has just subscribed to 1.65 million units of share at RM 0.105 per unit (12.5% discount based on the closing price, RM 0.12) on 15/02/2022 through ESOS.

Posted by bullmarket1628 > 2022-02-17 18:12 | Report Abuse

World’s Most-Important Oil Price Tops $100, Signals More to Come
https://www.bloomberg.com/news/articles/2022-02-16/world-s-most-important-oil-price-just-took-out-100-a-barrel

By Alex Longley+Follow
February 17, 2022, 3:52 AM GMT+8

Posted by bullmarket1628 > 2022-02-17 18:12 | Report Abuse

Forget the futures market, the world’s most important oil price just smashed through $100 a barrel with every sign it is going to push higher. 
Dated Brent, the price of cargoes bought and sold in the North Sea, reached $100.80 a barrel on Wednesday for the first time since 2014, according to S&P Global Platts, the company that publishes the marker. Price spreads in the futures market are pointing to one the tightest markets ever.....

Mabel

24,209 posts

Posted by Mabel > 2022-02-18 15:19 | Report Abuse

Director buying...

Brent touches USD 100

Icon bila mau starts rally

Meow Meow Meow

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