VELESTO ENERGY BERHAD
KLSE (MYR): VELESTO (5243)
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Last Price
0.19
Today's Change
0.00 (0.00%)
Day's Change
0.185 - 0.19
Trading Volume
5,008,800
Financial
Financial Year 2020
| Financial Year | Annual Audited Account | Annual Report | View | |
|---|---|---|---|---|
| Ann. Date | Ann. Date |
Discussions
29 people like this. Showing 50 of 24,294 comments
US Fed's 50-bp rate cut seen unleashing funds into Malaysian assets :: https://theedgemalaysia.com/node/727327
1 month ago
foreign buying, local quite----last round foreign selling, maybe different group started buying velesto again
1 month ago
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
1 month ago
Is Velesto paid in USD ? If so, won't its revenue get massively affected by RM appreciation ?
1 month ago
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 )
1 month ago
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.
1 month ago
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.
1 month ago
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.
1 month ago
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.
1 month ago
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
1 month ago
It seems Vestrol contron price not to increase it, then better to reverse it to 5 cent
1 month ago
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).
1 month ago
Walaoeh, oil price spike up like mad !
Brent closed at=> $80.93 +2.88 +3.69 %
Heng ah, Ong ah, Huat ah !
1 month ago
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.
4 weeks ago
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 🚀🚀🚀
3 weeks ago
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 )
3 weeks ago
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.
3 weeks ago
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.
2 weeks ago
https://oilprice.com/Latest-Energy-News/World-News/Indonesia-Looks-to-Revive-Its-Oil-and-Gas-Industry.html
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Velesto no longer has to depend on Petronas----I think Petronas will "lock-in " Velesto capacity in 2026--30
2 weeks ago
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 )
2 weeks ago
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...
2 weeks ago
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.
1 week ago
As far as I know, Trump got mentioned that if he wins the election, USA will pull out of the Paris agreement.
2 days ago
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Macgyver111
Don't make conclusion quickly. Need to break 0.25 first otherwise it's purely drive by Brent.
1 month ago