Very strong no more 45 ready...buy buy.

Buy buy going to break 55 soon. Ini kali ler

Buy buy while you can. Don't chase high

Sharks is buying, opportunities to grab now

Buy buy buy 0.13c already

Aiyo drop pulak..pening

Brent 82 ready..come on Velesto

May day may day...back to ground zero

Bumi Armada attempting to extend technical rebound, says RHB Retail Research
TheEdge Mon, Jan 03, 2022 07:13am - 6 hours


KUALA LUMPUR (Jan 3): RHB Retail Research said Bumi Armada Bhd attempted to extend its technical rebound.

In a trading stocks note today, the research housed said that the stock, on several occasions during the past week, tested the 47.5 sen immediate resistance.

“If the breakout happens, expect the momentum to propel the stock towards the next resistance of 49.5 sen, followed by 53 sen.

“In the event it drops below the 44.5 sen support, the stock may resume the downward movement,” it said.

KUALA LUMPUR (Jan 3): Maybank Investment Bank Bhd (Maybank IB) has maintained its positive stance on Malaysia’s oil and gas (O&G) sector, premised on steady Petronas activity outlook (PAO) for the year 2022 and an even steadier outlook in 2023 to 2024.

In a research note on Monday (Jan 3), it said the national oil company reported a mixed performance in terms of planned versus actual activities in 2021, but the latest PAO edition reflected a cautious, optimistic outlook for 2022 and improving positivity in 2023 to 2024, based on the level of activities planned.

The research house said offshore support vessels, hook-up and commissioning equipment and material (supply of line pipes) and underwater services segments had outperformed during the year.

On the other hand, offshore drilling, pipeline installation, decommissioning, offshore maintenance, construction and modification operations were the underperformers.

Meanwhile, the offshore fabrication, floaters (floating production storage and offloading, floating production storage and offloading), subsea structures, offshore installation and general facilities maintenance or plant turnaround operations met expectations, it said.

“In general, Petronas remained cautiously optimistic for 2022, with a relatively similar year-on-year expectation vis-à-vis 2021. It is however more positive in 2023-24.

“That said, we see Velesto Energy Bhd, Icon Offshore Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE), Wah Seong Corp Bhd and Dialog Group Bhd as key beneficiaries of Petronas’ domestic activities over the next three years.

“Segment-wise, Icon and Velesto remained the best proxies to its drilling programmes. MMHE, Wah Seong, Dialog are key beneficiaries of the fabrication, pipe-coating, maintenance works while Icon is a key feature for exposure to the OSV space,” said Maybank IB.

As for oil price, the research house said its estimates remained unchanged at US$75 (RM313)-US$80 per barrel (bbl) for 2022.

Should oil prices continue to be strong throughout 2022 and surpass the target, the bank said it does not rule out increased activities and capital expenditures (capex) from the second half onwards.

“That said, capital remains key, for the higher oil price has led to higher costs and greater volatility — a setback and a concern to a sustainable recovery in the market.

“Based on its five-year capex plan of RM200 billion to RM225 billion or an average of RM40 to RM45 billion per annum in 2021 to 2025, Petronas said 9% of the overall capex will be for its green energy agenda.

“Among its climate goals include a commitment to net-zero carbon emission by 2050 and zero routine flaring by 2030,” Maybank IB added.

https://amp.scmp.com/news/china/science/article/3161522/coronavirus-worst-stage-pandemic-may-end-2022-who-chief-says

https://amp.scmp.com/news/china/science/article/3161522/coronavirus-worst-stage-pandemic-may-end-2022-who-chief-says.

Dump all glove and health care stocks. Pile up O&G for 2022...Good prospect coming.

Happy new year 2022

Meow 2022

No window dressing..

Ya collect lagi..Yahoo!

Friday as usual

Average crude oil price for month of November USA 81.54/b. Even daily oil trading price looks volatile but monthly average showing uptrend. Oil trading in between USD 70 to 75 pb next year, that's Opec+ forecast. IB forecast expected Velesto return to extraordinary profitable year end qtr. As oil price stabil at USD 70 in coming year, more short and long terms contracts will be awarded to Velesto. Buy low sell high

Hope velesto will start with new chapter next year....

Board Director En Rohaizad out (retired) and will replace by En Megat Zariman Abdul Rahim. En Zariman is former Bumi Armada offshore service head.

The Board further announces the appointment of Encik Megat Zariman Abdul Rahim ("Encik Megat") as the President and Non-Independent Executive Director of VEB, effective from 25 February 2022. Encik Megat has 31 years of extensive oilfield business which includes 7 years of international working experiences. He brings solid industry background and strong proven leadership in both corporate and operations

Good lah can collect more..kikiki

Something good news coming..maybe opec+ meeting positive

Weak

Soft

Red

One more contract due to announcement..

Harimau definitely got hope but hv to wait until next year when their qtr shows profitable back.

Why suddenly volume very high

Oil price trading above usd 70 + more contract from Petronas, still qtr loss. Apo nok dikato..Emm!

Qtr net loss of 52,042mil. Very bad qtr.

Today not for o&g counters. Today glove counters excellent rally. Harta up rm1.00

Most of oil counters already climbed up to highest level except Velesto.

Qtr maybe today or tomorrow. Oil price back steady.

The newly spread of omicron virus is part of Joe biden agenda.

China not going to release SPR. China very smart, playing wayang kulit only.

Ideal time to collect i guess. After the opec+ meeting oil will shoot up again. Omicron virus not serious treat as reported by news, news just over acted. Most probably opec will cut output or stick with initial plan. Joe biden already learned his lesson by releasing SPR.

Monday

Bunga raya sdh layu...tak ada orang siram air ke. Adoi!

Told already earlier. Bizzybone said SPR release won't effect the oil price bcoz already priced in...betui ke ni, now what happen la. Luckily I disposed half of my shares earlier @50 and now waiting for correct time to re-enter again. Covid cases rise in Europe plus unpredictable of future oil price created worried to the investors...of course they will dump first. Fundamentally Armada is good with profitable qtr but market sentiment is not good now. Currently the best choice we hv is to follow Mr Market.

Unless you become minister...blh lompat ke sana ke sini mil masuk poket. Kikiki

Qtr maybe release today or tomorrow...should be good result.

Then got any other way to make easy money...

bizzybone Macgyver11, if you're so scared, don't play stocks la. Go play ping pong.

I'm not worry. I will collect more if price drop 40..lol
Kikiki. I can play ping pong also.

Oil price end up higher after SPR release by USA and India. Let see today movement...

0.40 mari adoi!!

0.60 mari..

https://finance.yahoo.com/news/u-announces-coordinated-oil-release-120427141.html

Someone keep on collecting...possibility of good qtr coming ahead.

Oil price war in between Opec+ and USA/China. Not good currently. Just caution.

Qtr green..patience