BUMI ARMADA BERHAD
KLSE (MYR): ARMADA (5210)
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Last Price
0.515
Today's Change
+0.005 (0.98%)
Day's Change
0.50 - 0.52
Trading Volume
17,099,900
News and Blogs
Discussions
45 people like this. Showing 50 of 72,246 comments
I noticed that you guys talking about armada and shapoorji since 2023?
Nothing support the price.. gosh! 🙄🤔.
3 weeks ago
PTTEP has launched a tender for a replacement floating production storage and offloading (FPSO) vessel for the Kikeh oil and gas field offshore Malaysia, aiming for operations by 2028. The current FPSO, deployed in 2007, supports the Kikeh, Siakap North, and Petai fields, tied to a Spar dry tree unit in waters 1,320 meters deep. FPSO players, including MISC, Bumi Armada, and Shapoorji Pallonji Energy, and HBA have shown interest, with technical offers expected by November 2024. The new FPSO will have a production capacity of 40,000-46,000 barrels per day (bpd) of oil and 90 million cubic feet per day (MMcfd) of gas, smaller than the current unit's 120,000 bpd and 150 MMcfd capacity. However, the transition is challenging as the new FPSO must connect to the existing Spar platform, requiring complex integration. Market skepticism also persists due to PTTEP's push for cost-effectiveness, which may limit contractor enthusiasm. XX Despite plans for a new vessel, there's speculation about extending the existing FPSO's life. MISC, which will take full control of the current FPSO in 2025, performed recent maintenance that could extend its service life by 10-20 years. If PTTEP considers prolonging the current unit's lease, it could affect the bid process for the replacement.
3 weeks ago
Armada is going to be a stable Company with revenues from the Oil field in kalimantan. Armada akia
3 weeks ago
They can slowly explore Carbon capture etc, develop techs and services. The Potential is there. But strong stable n continuous revenue is needed. Which i think E&P is going to be good choice.
3 weeks ago
Armanda NAPS = 1.05 RM. Doesn't that mean if we sell off all assets pay back all liabilities we will still be left with 1.05 RM? which will probably yield more if we invest in some low risk bonds.
2 weeks ago
Ageetkumar most of the FPSOs are overstated. The recoverable amount will be much less. That value also assumes they complete the firm period and exercise all the optional periods, very optimistic. In reality, probably discount the NTA by 25% to 50% for an accurate picture.
2 weeks ago
Also, NTA would be badly hit (to the tune of around 10 sen) with the strong ringgit lately.
2 weeks ago
Armada seems getting attractive at this price range but its lack of new business bothers me somewhat to repurchase back some of what I sold off at average 58.5 sens a few months ago. Painfully or otherwise , I am still holding 30 % of my peak holding volume of Armada shares; it is a love and hate story with Armada for the last 9 years. Loving it for its seemingly stable business with long term FPSO contracts till the Woodside project cancellation and Armada lost in its legal process with client. Its current free cash flow is also attractive and has been properly utilized to pay down it huge debt. Hating it for its series of poor management antics track records with shareholders and more importantly for Not getting new business since Sterling V project. Market punish the shareholders with low prices due to lack of confidence due to its series of shortcoming . Nevertheless It has been my largest investment in my share investment portfolios all these years until lately. I made fair amount of money trading it partially to make up for Zero dividend in the last 9 years due to it price volatilities but I also absorbed missed opportunities costs for not investing in other " better" stocks all these years. I am wondering if time is running out for me with this love and hated stock while I tried investing in other stocks for the last 2-3 years but the lingering itch with Armada is still there ; perhaps waiting for its price to drop further to reach good reward/ risks ratio once again. I am struggling with this mixed love/hate sentiments with Armada as sometimes I wonder if Armada is a speculative or investment grade stock for me. I guess it all depends on our stock entry price .
2 weeks ago
That is normal for current oil stock, dayxng from 2.8 to 2.230, Perdxna from 0.5 to 0.33, velxsto 0.28 to 0.205, now is just depend which stock is undervalue and have the potential to going up.
2 weeks ago
oil companies during recession gets very ugly.
many offshore oilfields will be abandoned.
Exxon already sold off a lot of offshore to go onshore due to global warming smashing most offshore assets to pieces of flotsam and jetsam. 😁👍
2 weeks ago
UK => 2030 fusion reactor completed
US => early 2030s fusion reactor completed
China => 2035 fusion reactor completed.
crude oil prices today reflect all available news
2 weeks ago
The Chinese government has set a goal of building the first industrial prototype fusion reactor, which it has dubbed an “artificial sun,” by 2035, with officials hoping to begin large-scale commercial production of fusion energy by 2050. Nuclear fusion has become a national priority for China. They set a goal 2035, large scale is 2050. This is January 2024 news.
Oil price fall from 86 to 69 start from July not January, oil price drop because of economic data from China, Opec supply problem and economic worries. Now oil price going up from 69 to 75 because of US cut their interest rate.
2 weeks ago
khoo , do you have the full story to share ? who are going to bit that project ? thanks
2 weeks ago
Spencer the article claims Bumi Armada will be bidding. But these articles have been claiming the same rather frequently for the past decade with nary a win (except Armada Sterling V win in 2019).
2 weeks 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
Oil jumps over $3 a barrel as Middle East conflict stokes supply worry | 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 week ago
*** MISC acquiring Armada still ON *** Published 25 September 2024, 10:13
Malaysian national oil company Petronas has launched a pre-qualification exercise for a floating production, storage and offloading vessel required at its Sepat full-field development offshore Peninsular Malaysia.
1 week ago
Walaoeh, oil price spike up like mad !
Brent closed at=> $80.93 +2.88 +3.69 %
Heng ah, Ong ah, Huat ah !
3 days ago
TP all bullshit , from all AI i3 members,
Posted by LY Hoh > 4 minutes ago | Report Abuse
May i know what the TP for Armada? Thanks
3 days ago
THIs Guy sold 20,000,000 unit at average 0.5125 i guess when he collected from low at 45 over cents ... made a mil... and run ... last vol... b4 closing 4.45 pm was just 20 mil volume ... at 0.52 cents ... they buy in volume ... but dont worry ... with this Profit report ... anytime will test resistance at 0.550..
1 day ago
WE look at KLSE screener Q report ... 22Q3 --24Q 3 total profit more than 1 over Billion ... soon for another year Total borrow 2 billion ... soon will repay all... GOOD JOB already for such a turn around ...
23 hours ago
From my point of view of this Report we need to buy to keep from this low PE and monitor each Q report ... and have good rewards ..
2022-11-09 19:03
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Gabriel Khoo
Is this related misc fpso kikeh in sabah?
4 weeks ago