BUMI ARMADA BERHAD
KLSE (MYR): ARMADA (5210)
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Last Price
0.575
Today's Change
+0.02 (3.60%)
Day's Change
0.555 - 0.58
Trading Volume
48,289,900
News and Blogs
Discussions
44 people like this. Showing 50 of 70,317 comments
https://www.cnbc.com/2023/09/22/jpmorgan-says-oil-might-reach-150-gets-very-bullish-on-energy-stocks.html
Felix888’s Business Case Projection is based on USD 70 per barrel. JPMorgan says oil could spike to $150…..
Like that, Mabel will also to hold my Armada tickets for 10 years.
Meow Meow Meow
2 days ago
Bumi Armada Berhad provides services throughout the oil and gas value chain – from exploration through to field development construction, production and operations – via three central business units.
Business Units
1. Operations - The Operations business unit specialises in engineering, procurement, construction, commissioning, and the operations of floating oil and gas facilities as per the specific requirements of clients.
2. Gas Infrastructure
3. Subsea Construction
Having simultaneously managed and delivered several large projects safely, the company has developed a reputation for its project management capabilities. We deliver innovative solutions and quality facilities that incorporate leading technologies to cater to your needs in field development, production and storage.
As an integrated oilfield services provider wherever your company is, in terms of field development and production, Bumi Armada offers a range of capabilities from life of field surveys, production facilities, installation and operations. Drawing on our decades of experience we will bring innovative solutions to bear, provide quality facilities safely and services as well as incorporate leading technologies where appropriate.
2 days ago
The above is from Bumi Armada's website which has just been recently updated. It looks like they have added a new business unit on "Gas Infrastructure", and splitting "Subsea Construction" from their "Operations" business unit.
It's unclear what "Gas Infrastructure" entails, if it includes FSRU and FLNG or is referring to gas pipelines etc.
But the fact that they are creating this category, means that it will be a substantial business unit going forward.
2 days ago
Previously, there were only two business units. "Operations" and "Others". See the previous structure:
--------------------
The Group is organised into 2 reportable segments to reflect the nature of activities carried out by its business
units, as follows:
(i) Operations – provision of FPSO vessels, Floating Gas Solutions unit, OSV vessels, SC assets and marine
related services.
(ii) Others – consists of the following:
• Technology, Engineering and Projects – provision of engineering consultancy and project support
services.
• Corporate and others – Management services and corporate support services provided to subsidiaries
which are considered incidental to the Group’s operating business.
2 days ago
Indonesia Akia block total 2 Billion barrels oil waiting for Armada unit to dig it out. This is a huge huge potential for Bumi Armada.
Just the 2 billion barrels of oil, gross value =
2,000,000,000 barrels * $70 per barrel = $140,000,000,000 (140 billion dollars)
Or MYR 644 billion.
I going to hold my Armada tickets for 10 years. 🤣🤣🤣
1 day ago
RM0.55 a share invest in an upstream oil company has rights to dig an oil block with oil reserve more than MYR 644 billion. 抵到烂。
1 day ago
I bought a lot at 0.525, after Niki posted the Indonesia Akia block awarded to Armada unit. Average up for me.
1 day ago
https://www.upstreamonline.com/field-development/fpso-contractor-confirms-upstream-oil-and-gas-debut/2-1-1524271
Interesting tidbit: Market sources informed that Bumi is also finalising a second upstream permit in Indonesia.
1 day ago
Converting to upstream oil and gas player profit sharing based on production output. ✌✌✌
1 day ago
MIDF said BA needs minimum 3 years to see the Akia results. It is still early but the return is a jackpot. Don't wait until first oil only put in your bets. It will be very expensive by then.
1 day ago
Please sapu all free tickets in the market before AK think about privatization. This hidden gems is a jackpot.
If the price continue this low, it is a good opportunity for AK to privatize BA at lost cost.
1 day ago
I3licker another 0.03 to 60 cent.
If you listen to me bought Armada at 0.45, you should already have 26.7% paper gain by now but you starbun everyday asking is 60 cent already. Keep on your starbun lah, you won't make any money in share investment.
Posted by i3lurker > 1 month ago | Report Abuse
its 60 sen already?
1 day ago
still far away from my RM 1 target. I always think this stock is undervalued and should perform like dayang.
1 day ago
RM 1.00 is not a dream at all, this is a low target actually. It is undervalued, with good news keep flowing in it is time to show the market who is the real taikor in Malaysia oil and gas industry (don't count Petronas lah, that is the only S&P 500 in Malaysia).
1 day ago
This I3licker bad mouth all bursa counter forums in IE except his 6% dividend Maybank. Told him buy Armada easily get 20% 30% return he starbun ma.
Posted by randy793 > 11 minutes ago | Report Abuse
Felix, who is i3lurker? why he so lcly?
1 day ago
Good closing💪💪💪
Continue moving up next Friday.
Guys a jackpot waiting for us in 3 to 5 years time. That 2 billion barrels of oil waiting for Armada to dig it out from the kalimatan sea.
23 hours ago
My biggest ever share investment is in Armada. If Armada hit RM 1.00 and above, I may consider early retirement.
23 hours ago
I not sailang. I still have property investments. Most of my investment is in properties.
23 hours ago
Oil climbs 3% as steep US crude stocks draw adds to supply concerns
By Arathy Somasekhar
September 28, 2023 3:06 AM
https://www.reuters.com/markets/commodities/oil-prices-edge-higher-markets-focus-supply-tightness-2023-09-27/
HOUSTON, Sept 27 (Reuters) - Oil prices surged 3% on Wednesday to the highest settlement in 2023, after a steep drop in U.S. crude stocks compounded worries of tight global supplies.
Brent crude futures closed up $2.59, or 2.8%, at $96.55. It breached $97 a barrel during the session.
U.S. West Texas Intermediate crude futures (WTI) climbed $3.29, or 3.6%, to $93.68. The session high was over $94.
U.S. crude stocks fell by 2.2 million barrels last week to 416.3 million barrels, government data showed, far exceeding the 320,000-barrel drop analysts expected in a Reuters poll.
Crude stocks at the Cushing, Oklahoma, storage hub, delivery point for U.S. crude futures, fell by 943,000 barrels in the week to just under 22 million barrels, the lowest since July 2022, data showed.
"The market is being led up by storage numbers as we are getting to the minimum operational inventories at Cushing," said Andrew Lipow, president of Lipow Oil Associates.
Stockpiles at Cushing have been falling closer to historic low levels due to strong refining and export demand, prompting concerns about quality of the remaining oil at the hub and whether it will fall below minimum operating levels.
Prices fell last week but were rallying again as markets worried about tight supplies heading into winter, following production cuts of 1.3 million barrels a day to the end of the year by Saudi Arabia and Russia of the Organization of the Petroleum Exporting Countries and allies known as OPEC+.
"Until a decision to raise production is made, the global energy market will remain tight," Ole Hansen, Head of Commodity Strategy at Saxo Bank, said.
10 hours ago
Oil Prices ‘Melt Up’ in a March Toward $100 a Barrel
By Stanley Reed Sept. 27, 2023, 12:50 p.m. ET
https://www.nytimes.com/2023/09/27/business/oil-price-100-barrel.html
Analysts have raised their forecasts for oil prices, as they try to understand Saudi Arabia’s intentions with recent production cuts.
Many energy analysts think that oil prices will soon rise above $100 a barrel for the first time in more than a year, since the turmoil that followed Russia’s invasion of Ukraine. The price of Brent crude, the international benchmark, has gained about 30 percent since the start of July, trading at about $96.50 a barrel on Wednesday.
“I think prices are starting to melt up,” said Robert McNally, president of Rapidan Energy Group, a research firm.
Driving the rise, analysts say, is the deep reduction in oil output orchestrated by Saudi Arabia over the last year. The kingdom’s ability and willingness to add and subtract supplies gives it substantial sway over the market for this crucial commodity.
Climbing oil prices increase energy costs for consumers and businesses, weighing on the global economy. In the United States, the price of crude oil accounts for about half the price of gasoline. Rising pump prices are squeezing motorists, complicating the Federal Reserve’s fight against inflation and stoking concerns over the Biden administration’s economic stewardship…..
6 hours ago
Semua pikir Besok akan naik tp pagi2 jer naik, after 10am akan drop back to 0.57…saham Klu senang Semua org dh x perlu kerja
18 minutes ago
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Felix888
This is a very good business model. Previously BA borrow huge amount of money build the ship, starts collecting charted fees after first oil production. Contract could be cancelled by oil company. Huge risk but fixed return.
This new business model, still borrow money to build the FPSO but after the first oil profit sharing the oil production output as the PSC contract owner. The return is higher but with lower risk.
2 days ago