Well, this counter looks good. Ready to break the ceiling. Looking for some funds.
I wonder what was keeping it down all year, or so ?
I think I will help with a small investment.

For armada investors, being tolerant of pain, disappointment and delay is necessary.
Then there are rewards long term.
Greedy Gary (CEO) is buying or loading up on free / discounted shares.
That is a good sign.

Brace yourself for a strong selling action. Hope it will be short lived. 0.93 and below
Crude oil will drag hibiscus 🌺

Darn, I begin to like it. Maybe I will tap in a bit.

Oh my gosh. I was actually looking for teck guan and ended up here. Sorry for the intrusion. I am gone.
:-)

Would do good to update this article. Even opening hours have changed.

Looks like another good day of consolidation for hibiscus 🌺

I read the anouncement from Indonesian Ministry of Energy that Niki Chong provided.
What Bumi Armada won is the right to carry out seismic testing. (Tender 1).
Other tenders (2 and 3) involved exploratory wells.
__________________________________________________________
1.
Akia
Fleet Consortium Etan Limited &
Pexco Tarakan NV
Study G&G;
Acquisition and reprocessing of 750 km2 3D seismic data

I had a quick look. It seems to me that it is not difficult to collect at rock bottom price of 0.065.
When I get my hands on some cash ...

Not a very good day for oil stocks, but good day for crude oil

🛢

Is this company planning to generate any profit at all ?
They seem to just go in loss like it is the normal part of business.

Now, that does NOT seem fair. Stuffing minority shareholders with ticket that company knows will stop to trade.

I read this article with great interest. Good topic, catching story. But no substance. No prediction of demand, supply, cost. Just pulling prices out of thin air.
New way of writing.

Very good action on back of brent oil. Hold on and be thankful later.

Sell ? I am thinking of buying more. Entry below RM 1.

Normally the EPCC+ contractor has to operate the unit until the PAC (Performance Acceptance Certificate) which may take 6 months ++. So good prospects for extra revenues for Armada.

I remember discussing with someone here that Armada Sterling V will be 6+ months offshore on site, and most here agreed that it would NOT be that long. And there we are, already in month 8, no sign of any certificate, or even first oil.

This really is a rocket outfit lately. Nothing in O&G comes close in performance in last month. I think I missed the boat. From low 60s to high 80s in a month.

This really is a rocket no. 2 after Hibiscus. Nothing in O&G comes close in performance in last week. Except that is still in the range. Rangebound or trapped.

This really is a rocket. Nothing in O&G comes close in performance in last week.

RayLee, I agree. I actually switched from Yinson to Armada 3 years ago. Both companies have similar staff (from Msia), use same equipment and shipyards, etc. So they should have their share of problems too. Yinson just does better PR. Time will even things out eventually. We were doing good before Kraken.

At one time I tried to find negative stories about Yinson. I searched for FPSO delay, stoppage, failure, problem, issue etc. on google and came up with nothing on Yinson. But a few armada articles came up.

My guess is that all the history of underperformance, suing clients in Australia, previous issues with Kraken, problems in Nigeria, etc. resulted in negative reputation. Client chose someone else to operate an asset that Armada created and had experience with.

I had it for 5 years. Made miniscule profit. But still, better than other energy counters.
Giving it another look.
Maybe this time ?

Looking weak today ... despite good oil price.

After some research - looks good to me.

A momentous charge towards RM 1,00 coming up.

New contract to be anounced ? Insiders in the know are buying ...

Thank you for that great update confirming that all is being handled, Niki.

Very interesting article (Fat/thin). I recommend.

Slow here today, yet oil 80+ USD. Where is James when we need them ....
:-)
Should be a good week after run up in a few other energy stocks.
😉

Good going here. Everyone is here too.
:-)

Going steady is what this company needs. Just make quarterly revenues.

This is becoming too rich for me to watch. There is a limit to every play.

This is really good. Oil price > 80 USD sure will go long way to bring it above RM 1.00.

Good news travels fast. This one traveled even faster than expected.

Thank you niki.
So per your exact calculation lost money is: 0.62 x 120 = 74.4 mln RM.
Add repair cost, minus credit for shutdown maintenance.
Contract will have more detailed clauses.

I was kidding. Really, just a piece of kit.

Financial impact:
On the back of the envelope: 60 days at half production (2 mln myr rate) is 60 million ringit. Repair costs are minimal. Also some shut-in is back credited from planned maintenane period Q3 2023.

Guys, act wisely. I mean LONG here !!!
IB analysts will have to update their target prices.
Some put 6 months of no production on Kraken. Reduced earnings significantly.
This all has to be corrected. Give it a day or two.
Selling now is hurting your own interest.

Congratulations all Longs in Armada.
Thank you for those who brought the news, shared opinion or asked questions.
I would definitely not sell now until it gets closer to 60.
Revise catalyst list by NikiCheong.

Going strong cosidering Sapura, Armada and EA Tech down sharply.
Brent very near 80 USD per barrel.
No worry.

The news would be the PN17 uplift ?
Looks like I am too late to the party. The ship has sailed.

I reside in Sarawak because there is no better place. However, Sabah may offer even more wild opportunities, like this one. Would be good to visit the site, or at least the area.

A rainy good morning from a rainy Sarawak. All good here. Still slow with Uzma.

A rainy good morning from a rainy Sarawak. All good here.

It is going there. Give it some time.

Cameia goes ahead:
_________________________
LEAD PLANNING ENGINEER
Paris , France
Back Apply now
Job Reference 1190710
Location Paris , France
Industry Oil & Gas - FPSO
Function Planning / Scheduling
Job Type Contract
Date Added June 23, 2023
PROJECT :
The service covered by this document is part of the project: CAMEIA FPSO

OBJECT :
The service requested relates to the performance of the service: LEAD PLANNING ENGINEER

DESCRIPTION :
The activity of this service will focus on: LEAD PLANNING ENGINEER for floaters projects in execution

SKILLS REQUIRED:
For the performance of this service, the Account Holder must provide the skills described below:
? English and Primavera P6 knowledge
? Experience on Floaters projects in execution (FPSO, FSRU, FPU, GBS) would be appreciated

SCHEDULE:
Start of benefits: ASAP
Duration of benefits: 12 MONTHS

GEOGRAPHIC LOCATION :
In order to access the input data and to facilitate exchanges with people who have in-depth knowledge of the project, the service will be carried out within the integrated team in the offices of Saipem SA.

Not sure if I need it. No time to study depth.

Yes, Hibiscus eventually goes with oil.
But better not say it here. SOPHISTICATED investors hate this claim.
So the correlation graph is a shock to some.

Yes, but eventually it goes with oil.
But better not say it here. SOPHISTICATED investors hate this claim.