VELESTO ENERGY BERHAD
KLSE (MYR): VELESTO (5243)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.195
Today's Change
+0.01 (5.41%)
Day's Change
0.185 - 0.20
Trading Volume
102,472,000
News and Blogs
Discussions
29 people like this. Showing 50 of 24,495 comments
just curious if PNB really find someone to acquire their 54% shares，what will happen to velesto？
3 weeks ago
54% stake at current price is a steal for a counter that’s going to be net cash soon.
Considering there is actually a strong team of COO and CFO doing their job both operationally and financially.
Will be exciting Q3,25 onwards.
2 weeks ago
Macgyver111 what you really think? You think velesto can rebound to 0.30 or should i sell at 0.19 lol
2 weeks ago
Why bother asking?
those sold will say better run while u can…
Those just bought will say to the moon!
2 weeks ago
mavisdrac
Macgyver111 what you really think? You think velesto can rebound to 0.30 or should i sell at 0.19 lol
Haha! You asked a very sensitive question that no one dares to tell you exactly what is going to happen in the future 😂😀😃. Follow your own instinct; trade wisely.
2 weeks ago
Looks uptrend.
When Whales see people say uptrend, they will push down price by 5 sen.😁👍🤜
2 weeks ago
A look ahead to 2025 fossil fuel market price..
https://oilprice.com/Energy/Crude-Oil/A-look-Ahead-to-2025-in-Oil.html
2 weeks ago
Price depends on Naga’s Utilization.
If all naga’s contracted, earning potential 60-80M profit a quarter.
Now only 3 Nagas contracted, that’s why price tanked.
Tenderbook increased from 3B to 5B, so if COO is really good; then have chance to get all naga’s contracted.
0 Naga contracted, PN17. 3 Naga contracted, this price. If all 6 naga’s contracted, easily above 30sen.
All depends on Nagas getting job.
2 weeks ago
Donald Trump wants shale producers to activate their drilling work, but it seems not many shale producers are aligned with Trump's idea. They've been slashed badly previously during the Biden administration by so-called green policy. Now, they are not keen to come back and do the drilling job unless Trump can pursue them with some special privilege, or else "drill, baby, drill" is not going to work out.
1 week ago
KUALA LUMPUR (Jan 15): Sarawak Premier Tan Sri Abang Johari Openg has commended Prime Minister Datuk Seri Anwar Ibrahim’s recognition of Sarawak state-owned Petroleum Sarawak Bhd (Petros) as the state's gas aggregator.
The state government and Petros will work closely with the federal government and national oil company Petroliam Nasional Bhd (Petronas) “to ensure that Petros carries out its role as the sole gas aggregator without interruption to the supply of gas for consumers, including investors”, said Abang Johari in a statement on Wednesday.
The collaboration will drive Malaysia, and in particular Sarawak, into becoming “an energy hub”.
“This cooperation will also enhance Malaysia’s global competitiveness in attracting investments, technological research and new industries, particularly petrochemical derivatives, and thus be aligned towards the creation of high-paying jobs and the economic growth of the nation,” said Abang Johari, who is also known as Abang Jo.
A day earlier, Anwar was reported as saying that while Petros had been granted authority as Sarawak's gas aggregator, it would not interfere with Petronas' existing operations.
4 days ago
It’s just some small small indirect lies amongst other promises and ‘blackouts’...or hideouts?
4 days ago
Drilling projects coming soon....!!
https://www.reuters.com/business/energy/malaysia-pm-says-petronas-retains-national-role-after-sarawak-gas-deal-2025-01-15/
2 days ago
When Velesto was 0.155 one month ago, I was thinking PNB must be kidding, another round of no brainer bet.
2 days ago
What’s the catalyst for this push? can anyone share a link for it? I have a decent position and am still red . I wasn’t sweating the post ER dump because of the cyclical nature in oil and gas counter. As long as the balance sheet is good, I’m holding.
18 hours ago
Has not traded above 20sen for over 3 months. Hopefully it can cross the 20sen a share barrier today. That would be a good sign.
18 hours ago
I have 500K share 17,16.5,16,15.5 and 15
But the problem is the other 1.7 mil shares bought above 20sen. 😂
16 hours ago
Hahaha RJ87. I have 600k shares that I bought and the last 4 years. My average is also above 20sen. I didn’t want to average down this time
15 hours ago
EPF didnT load yet.....10years ago Velesto at RM4, EPF still Goreng Kuat-Kuat everyday...
Although # shares outstanding has increased But major holders didnT let Go (or cannot let Go bcos losing
underwear also cannot cover back )
14 hours ago
hzboi, Now you don't feel so bad anymore huh?
First entry was 20.5 and 21.5 sen for 500K shares Jan 2024, then took profit at 26.5 and 29.5. Then up, to 30+sen. Damm am tui. During the selldown, I start sapu at 25.5 sen. Sapu abit abit, now got 1.7million shares above 20sen.
Another 500K shares same price for Perdana 20, 20.5 sen same time. Already put a mental note take profit Velesto buy perdana. But perdana already above 40sen. End up take profit perdana keep velesto. So hem dy lo.
In the market, there are plenty of people like me/us. But then, the difference is they die die claim they bought lowest. Macam la pretending money here allows them to spend imaginary money they thought they earned.
13 hours ago
ok good news coming for Naga 4
https://www.upstreamonline.com/exploration/petronas-on-an-exploration-roll/2-1-1766491
10 hours ago
ok good news coming for Naga 4
https://www.upstreamonline.com/exploration/petronas-on-an-exploration-roll/2-1-1766491
10 hours ago
Maybe there is an announcement soon, one for Naga 4 and another for Naga 8. Fingers crossed.
10 hours ago
tmr opening price high chance 20sen, if this week really able to across 23sen, then the show will come but a bit difficult I think haha
9 hours ago
Once Naga 8 awarded new contract you will see price above 0.25 and this is minimum.
7 hours ago
Recent Developments:
NAGA 2, NAGA 4, and NAGA 6 Contracts: On March 22, 2024, Velesto announced that its subsidiary, Velesto Drilling Sdn. Bhd., received Notices of Assignment from PETRONAS Carigali Sdn. Bhd. for the provision of jack-up drilling rigs NAGA 2, NAGA 4, and NAGA 6. These contracts, valued at approximately USD 73 million, USD 94 million, and USD 97 million respectively, commenced on February 7, 2024, and are set to continue until February 6, 2026.
NAGA 6 Special Periodical Survey (SPS): In October 2024, Velesto completed the mandatory five-year SPS for NAGA 6 at the Labuan shipyard. The maintenance included essential class recertification, equipment upgrades, and repairs. Following the SPS, NAGA 6 resumed its two-year contract with PETRONAS Carigali Sdn. Bhd. in Sarawak.
NAGA 8 Contract Suspension and SPS: On November 29, 2024, Velesto announced the suspension of NAGA 8's contract due to the early completion of its drilling program. The company took this opportunity to accelerate the SPS for NAGA 8, positioning the rig for future opportunities. Velesto is actively pursuing tenders across domestic and regional markets for NAGA 8 and other rigs in its fleet.
NAGA 5 Maintenance and Contract Negotiations: As of January 2025, NAGA 5 is undergoing a 55-day major maintenance program at a shipyard in Tuas, Singapore, after completing a two-year integrated rig, drilling, and completion (I-RDC) contract. Velesto is in the final stages of securing a new two-year development contract for NAGA 5, expected to commence upon completion of the maintenance in January 2025.
These developments reflect Velesto's strategic efforts to maintain and enhance its rig fleet, ensuring readiness for upcoming opportunities in the oil and gas sector. THE EDGE MALAYSIA
5 hours ago
Post a Comment
Featured Posts
Latest Videos
MQ Trading Signals
Time
Signal
Duration
Type
2025-01-20 15:15:00
EMA 5
5 Mins
BUY
2025-01-20 14:35:00
EMA 5
5 Mins
SELL
2025-01-20 12:15:00
TURTLE SYSTEM 20
5 Mins
SELL
2025-01-20 12:15:00
TURTLE SYSTEM 55
5 Mins
SELL
2025-01-20 12:00:00
ADX
5 Mins
SELL
Apps
Top Articles
1
HLBank Research Highlights
2
RHB Investment Research Reports
Market Strategy - Data Centre-Artificial Intelligence Party Pooper
3
HLBank Research Highlights
4
Kenanga Research & Investment
Renewable Energy - Big News, Another 2GW LSS Incoming (OVERWEIGHT)
5
Mercury Securities Research
6
PublicInvest Research
Northern Solar Holdings Bhd - Solar RE Specialist with PV Asset Portfolio
7
TA Sector Research
8
PublicInvest Research
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
Macgyver111
No worries. Baba Vanga predicted a rebound this time... all the way to 0.35 😅😄.
3 weeks ago