Flybythenite Yup Rig service. But we noticed oil price does influence its up/downs
22/04/2021 7:07 PM

I think there's correlation in between oil price and local rigs operators. Read they article after the 2020 final qtr released....

KUALA LUMPUR (March 24): Oil rig operator Velesto Energy Bhd sank into the red in the fourth quarter ended Dec 31, 2020 (4QFY20), reporting a net loss of RM493.29 million from a net profit of RM10.2 million a year earlier.

This was largely impacted by an impairment loss of RM460.6 million for the rig assets, which were impacted by the volatility in oil prices and global economy compounded by the Covid-19 pandemic, said Velesto in a filing with Bursa Malaysia today.

They mentioned "VOLATILITY IN OIL PRICE"

Do you all notice that during oil price trading below usd 50 /barrel, there is no contract awarded to non of the rigs operator or upstream player. Contracts awarded when oil break usd 60. Oil price playing crucial role to determine or bidding for contract. In other hand stock price moves up/down aligned with to the crude oil maybe due to fear selling by investors.

Bot mahu karam, 0.38 mahu mari. Hari Raya offer

https://www.klsescreener.com/v2/news/view/818985/thhe-buys-destini-s-stake-in-ship-building-joint-venture

Obviously I see lot of people trap here buying @ high price. They just give good comments even though they knew the true fact about AA...they try to console their heart.

Mimpi lerr engkau...

Ok lah itu if oil price able to sustain usd 60 and above. For our local players is more than good enough and profitable. Usd 66 is about RM 272 per barrel. If Velesto can survived during oil price trading @ usd 30/40 per barrel...now more better ma....

Guys, brent reversed to downtrend

Before elevate up....

Might go down further to the actual fundamental price..just guessing. Below 0.40 is bonus.

The devastation that C19 gives to airlines & tourism is unimaginable. To recover back not easy at least one to two years perhaps maybe more and in other hand debt will keep on accumulating as long as planes still grounded...invest wise, your money your choice. TF don't know who you are bcoz we all like tiny ants for them.

TSTF mahu jual nasi lemak..drone will deliver to you door steps...peeewiiit!!

Ya kah...

Trap..caution

Turun lagi turun lagi saya tunggu 50c mari...kikiki

Hahaha imagine and see how plane going to run using electricity...lol.

Let see which one break the 0.20 first...knm or velesto

Let see which one break the 0.20 first...knm or velesto

Huhuhu..turun lagi turun lagi...lelong lelong

The biggest mistake that our govn do is to allowed pasar Ramadan open. Very hard to control human being especially in the crowded area....this will increase the c19 cases.

World in the midst of planning, opening the border with the strict sop. That's good news so far..

https://www.astroawani.com/berita-malaysia/sempadan-negara-perlu-dibuka-segera-sop-ketat-bantu-pulih-sektor-pelancongan-293588

https://www.astroawani.com/berita-malaysia/sempadan-negara-perlu-dibuka-segera-sop-ketat-bantu-pulih-sektor-pelancongan-293588

Why worried..we collect as below as 0.12c/0.13c..kikiki!

https://thekapital.my/tangan-ghaib-di-sebalik-saham-penny-stock-di-bursa-malaysia/

Turun lagi turun lagi next week.. kikiki!. ..lelong! lelong!

https://www.bharian.com.my/bisnes/pasaran/2021/04/807122/harga-minyak-mentah-di-paras-tertinggi-dalam-sebulan

Wow! Guys brent now usd67+

Look back velesto record in 2019 once EPF and PNB start to acquired batch by batch....oh man! Its pushed the price drastically. It's full of excitement sailing with them.

JuliusCeasar Brent oil hit again USD 66.... Stock price still not moving up......

Wait for big fund buyers to join in.. if brent can break us 70 and stabilise strong over there then it will give more confident to the institutional buyers (Epf, khazanah and so on). The scenario will be totally different after that..trust me. Patience

Kena pau Kaw kaw...kiki

Turun lagi turun lagi...kikiki

If like that one more contract coming soon..

Wow! Brent now usd66+ guys...

CIMB downgraded to 0.05c...but nampak ok sje. Well support and Director confident.

Amazingly he keep on buying....hahaha!

Not hope...director is the last one to die (bcoz he hold most of it) kikiki!

Sapura, knm and perdana sdh goyang hari ini...velesto still strong.

Selling already exhausted..

2nd round TP is coming...buy 0.03c sell at 0.045c.

No news is the good news...haha

JJchan another 2 contract win will surely ends Velesto in Full Circle , back to 30cents
12/04/2021 8:42 AM

Yup exactly...still got one more indication to look for before the price hike up.

Institutional investors

Adohai!!

https://www.malaymail.com/news/malaysia/2021/04/09/govt-refines-sop-for-international-tourism-via-licenced-tour-operators/1965306

Itu dia...

There is another two more velesto royal customers that even issue any tender yet...

1) Mubadala petroleum and..
2) Hess carigali

Hope velesto can bid another contract from either one.

KNM - closed 0.19c
Velesto - closed 0.18c

So many new joiner said velesto not moving. Remember velesto was trading @ 0.14c on 1st Jan 2021..within couple month moved to 0.18c. Is that fantastic.

Wow so many MOU, so many discovery of new oil fields. Petronas need more rigs service from our local players. More short/long term contract will be issuing out by petronas soon. Among the 24 active tenders mostly from Petronas. Velesto = Gold mine...

https://oilprice.com/Energy/Crude-Oil/Southeast-Asia-Looks-To-Increase-Offshore-Oil-Production.html

CEO very confident AA will rise back.....apa lagi mahu takut..kikiki

Canteeeek!!!

Buy buy buy..don't regret after. Velesto = Gold mine.