Same as armada ....... CEO sell then resign....... something to do with TGOFFS before legal action between two foes blurred out everythng? Like IMDB? mystery? misteri...
As a stakeholders cum investor.................the boards should sack the CEO.................it....paint very bad picture for the company ...............future
how can u compare Icon with Knm????? Both different in O&G biz. Icon is OSV ship charter. Knm is downstream oil fabrication. If want to compare Icon.... compare Icon with Alam Maritim. They are both same biz, direct competitors.
Compare Icon with KNM is like compare orange and lemon. Both citrus family, but different fruit. Compare orange with orange.... compare Icon with Alam.
hello rich, nothing special about the umbrella contract, many other have it too. they still need to bid for the dcr before the contract is awarded. Alam , Silk, and many other non listed osv companies secured the contracts too. And rich, even if Icon is majority owned by government their chances of grttingjobs are like others too. no preference as far as PETRONAS is concern. you good service you will be rewarded and if you screw up by giving poor services and poor performance you will have your vessels laid up at anchorage. I have been in this business far too long not to understand PETRONAS ways. you bagus you kerja as you performance will have a chain reaction to other related parties.
ConocoPhillips received U.S. government approval to export ultra-light domestic oil, making it the latest firm to obtain approval to export minimally processed, super-light oil known as condensate.
Others with similar approvals include Royal Dutch Shell and pipeline companies Enterprise Products Partners and Plains All American LP.
Petronas is still producing same number of oil and maybe even more. Company like Barakah, Alam and Icon still providing the same services. Basically there is no major changes. So Barakah, Alam and Icon is actually undervalue stocks.
Qobulls,you probably bought Icon around mid Feb. You don't feel sad cos' those applied IPO at RM1.85 still licking the wounds if they haven't sold when it was listed.Now you have to wait till oil px stablised ~USD 60. Icon will probably goes back to RM1.20.Good Luck!
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
The One
2,949 posts
Posted by The One > 2015-03-20 15:31 | Report Abuse
• if MD or CEO or directors of a company continuously selling their shares.. then you all know what to expect, right?