VELESTO (5243) Overview - VELESTO ENERGY BERHAD

Sell and invest elsewhere. No use waiting.

3 days ago

sheep

WHAT HAPPEN LIMIT DOWN..

3 days ago

vitac

0.150 buy

3 days ago

NorazmiAR

Just want to confirm with sifu here, is it worth collecting Velesto for medium-term holding (1 year). Price look irresistible

3 days ago

leeabraham

of late noted O&G did well with good Qtr results but prices get hammered down much; crazy, wonder why

3 days ago

Baby Shark

BUY !!!!!!

3 days ago

wahhh kong oledy

3 days ago

Baby Shark

Now time to buy..

3 days ago

specializedvenge

Can atleast give so div for me to buy groceries.

3 days ago

Harryww

The company made profits but the big fishes pushing down the prices, just to collect cheap.

3 days ago

SharehlderOppression

Operation wise
CEO Doing a fantastic job
Need his PR team to do more IR
Like the recent interview he did in The Edge Weekly

3 days ago

Sniper S

Loss money, price drop, make money, price also drop. Bursa is a hopeless market.

3 days ago

Trump is coming. US crude coming.

3 days ago

leeabraham

Loss money, price drop, make money, price also drop. Bursa is a hopeless market. agree much

3 days ago

Expertise

Means shark around here lor…so manipulate …as an investor do more home work …..shark money very hard earn

3 days ago

Rocky Mass

No indicators can be used against this counter i guess.. because biggest players decide whatever chart they wish...

3 days ago

Don't play2 if no holding power. Be afraid.

3 days ago

Sniper S

Whatever holding power also will disappear....

3 days ago

Seems like investors start to dump after the dividend payment..😀😃

3 days ago

Tigerchan

Have you get the dividend,

3 days ago

Six6thsense

I love ghost story. Time to watch this stock

3 days ago

Heavily manipulated. I think they already factored retailers psychology.

When uptrend, retailers can’t resist and buy high. When downtrend, retailer can’t hold and sell low.

If no one is buying, there won’t be 230mil shares transacted.

3 days ago

Six6thsense

Exited at the top. And now finding bottom to enter again

3 days ago

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3504757
________________________________

For the First Time Velesto TOLD Petronas we are Not interested in your Contract if you keep paying Peanut.
Management should told Petronas one year Ago and spare me the agony of screaming Poor Management
( boot Licker )

3 days ago

Vicky

Oil can never be good when Trump assume office next year 2025. According to Trump he will give more licence out to more US oil companies to drill more oil as to reduce the inflation. Meaning there will be always surplus of oil in the market. OPEC will be in vain to fight for higher oil price as oversupplies as a result. Cease fire in Lebanon and coming to Ukraine and Gaza will flooded the oil market thus oil price will be heavily down. Be ready to exit while you can.

3 days ago

Let see what Bankers said on Monday ( manipulators cousin )---When price movement becoming stale, they
will shake all the monkeys off the Tree

3 days ago

Most of Texas Oil are "sweet oil " Good for China Industries where pollution regulation are very Tight-----
Guess what China is going to impose 60% + 10% import Traffic on Texas Oil in 2025

3 days ago

Macam nothing to do with Petronas also.
3.2 Information on Carigali Hess

Carigali Hess is a joint venture Oil and Gas company between PC JDA Limited, Hess Oil Company of Thailand Ltd. Co. and Hess Oil Company of Thailand (JDA) Ltd. Carigali Hess based in Kuala Lumpur, is engaged in gas production in Block A-18 of the Joint Development Area administered by the Malaysian-Thailand Joint Authority (MTJA).

___________________________________

For the First Time Velesto TOLD Petronas we are Not interested in your Contract if you keep paying Peanut.
Management should told Petronas one year Ago and spare me the agony of screaming Poor Management
( boot Licker )

3 days ago

First you negotiate DayRate before you move Rig to another position---Velesto wants Higher Rate bcos
Indonesia is asking for bidding on new Drillings ( even India and Bangla are asking for Drilling Bid )

3 days ago

Think Velesto can weathered Trump's agenda: "Drill, baby, drill.". That is the main reason they implemented an onboard robotic system. Extract more oil with as low a cost as possible; even they can be profitable at the breakeven-point.

Oil prices in the global market
The average break-even price for tight oil has been falling, reaching an average of $44 per barrel. The average break-even price for onshore Middle East production is around $30 per barrel, while the average break-even price for offshore deepwater production is around $43 per barrel.

3 days ago

Quick Look on the book looks good.
PnL Statement - 09/24 - 09/23 RM'000
Revenue - RM 1,084,370 - RM 855,803
Finance Cost - RM29436 - RM34393 (Decrease RM5mil)
Profit After tax - RM152549 - RM32841 (Increase RM119m)

Balance Sheet
Inventories - RM112,765 - RM178709
Receivables - RM402739 - RM363490 (increased RM39mil)
Cash - RM198822 - RM132215 (increased RM67mil)
Current Asset - RM716770 - RM676299 (increase RM40mil)

Trade Payables - RM311578 - RM260202 (increased RM51mil)
Short Term Loan - RM62320 - RM114288 (decreased RM51mil)
Current Liabilities - RM397362 - RM384525 (no much)
Long term - RM161417 - RM244326 (decreased RM83mil)
Total Liabilities - RM561251 - RM632237 (decreased RM71mil)

Cash Flow
Depreciation and Amortization - RM188,330 - RM147672
Operating Profit RM412020 - RM223115 (increased RM188mil)
Cash Generated RM378864 - RM280344 (increased RM98mil)

Investing Cash RM147323 - RM107273 (increased RM40mil)

Repayment RM105120 - RM151372
Dividend 20539

The way I read the report, If Velesto use their RM192M cash pays off RM161M long term debt; All the nagas are free. And RM1,084,370,000 revenue, operating expenses RM866826 - RM 188,330, Cash generated is RM405m for every RM1b orderbook. By end Q4,2025, We should see at least RM600m in cash and free 6 nagas.

3 days ago

Naga 2, 4, 6 recently completed SPS - contracted until Q1, 2026.
Naga 3 recently completed SPS - contracted until Nov,24. Not sure if there will be extension
Naga 5 Undergoing SPS
Naga 8 contract until Feb 2025 instead of Oct,25. Finish work early. (Can start SPS early)

Naga 2,3,4,6,8 generating revenue for Q4,24. Naga 2,4,6,8 for Q1,25. And Naga 2,4,6 for Q2,25
So look out for announcement for Q1,25 for Naga 3-5 tender and Q2,25 for Naga 8.

If got easily another RM1B revenue. Then we can expect to see 600-800mil in cash by end of Q4,25.

3 days ago

All depend on oil price. Trump taking over the White House in January 2025. Hopefully, OPEC+ will maintain the oil price in the 65 to 70 range.

2 days ago

https://oilprice.com/Energy/Crude-Oil/Exxon-Pours-Cold-Water-On-Trumps-Drill-Baby-Drill-Plans.htmlhttps://oilprice.com/Energy/Crude-Oil/Exxon-Pours-Cold-Water-On-Trumps-Drill-Baby-Drill-Plans.html

2 days ago

during trump administration 2016-2020. Oil price went up.
Plus, I don’t think trump allows oil price to come down and kill their oilfield in US.
Their per barrel price is not cheap to drill. For his donors sake, he has to make OPEC+ to keep the price up by capping production (which is bad for velesto) Now, the concern is if OPEC+ wanna bankrupt ONG by dropping the price again.

https://www.macrotrends.net/2480/brent-crude-oil-prices-10-year-daily-chart

1 day ago

Such a double edge sword for oil. Increase production, and increase exploration(good for velesto) but reduce oil price (bad for velesto.)

1 day ago

hzboi

this company honestly break my heart. Result is 30 times better but stock price go down. Only velesto

1 day ago

speakup

It's called Sell On Good News

1 day ago

All because of an ongoing dispute between Petronas and the Sarawak government for sole discretion of gas. Investors and institutions are skeptical about the future of Petronas; it will affect the Petronas revenue if Sarawak wins the court case. There are two different types of ordinance: Petronas follows the Petroleum Development Act, which was amended in 1974, while Sarawak refers to the All Mining Ordinance (OMO), which was established in 1954. The worst nightmare for the federal government is that they worry other states like Sabah, Kelantan, and Terengganu might follow Sarawak's footsteps. What do you all think? Who will win?

1 day ago

prudentinvestor

No reason why its share price should drop to this level. Time is ripe for a sharp rebound.

23 hours ago

I assumed this dispute was not between Petronas and Sarawak; it is between the federal power vs state power. Various analyses said that Malaysia could go bankrupt if Sarawak wins. We are affected as well, especially those who are contributing to EPF. EPF and Amanah are the biggest shareholders; moreover, 20% to 30% of federal government revenue comes from Petronas.

23 hours ago

Expected to see a massive rally only if Petronas wins the dispute. Institutional will rush in buying O&G counters, especially Petronas, and Velesto is not left behind.

23 hours ago

stop blocking at 0.165 and close 0.17 today

11 hours ago

give shorties a short squeeze and can close 0.175 today.

11 hours ago