https://www.thestar.com.my/business/business-news/2022/06/27/sapura-energy-returns-to-the-black-with-rm919mil-net-profit-in-1q

RM91mil profit, that’s a good news after quarters of losses.

Reach Energy also can goreng easily :)
Sapura got few goreng scheme lined up already.

All investments has its risk averse scenarios. When everyone thought Sapura was dead, it bounced from 0.03 to 0.10 within days. When everyone think it is dead again, then another news will be out and again bounce. Then traders will be puzzled, damn, missed the ride. Haha. Take your bets, and enjoy the show. If you lose, you walk away like gentleman, if you win, buy your wife an expensive bag.

They still have wild card on their hand to goreng this counter. MOF assistance package. MOF did not deny the media statement. Just waiting for the right time.

https://youtu.be/sTEyEXF7PXw

They are betting their reputation on this. Watch the pledge

Sapura main EPC

https://www.offshore-technology.com/marketdata/salman-conventional-oil-field-brunei/

2nd round goreng coming, top up more already

Take it easy mate. There are reasons why whalers collect at 5c before news get published. It’s all for goreng purpose

Wow, great news. Secured 2.7B contracts. Friday gap up!

Kasi sapu semua

God can’t bring it back to life, but Politicians can if they intend to.

https://www.theedgemarkets.com/article/sapura-energy-and-22-units-obtain-restraining-order-until-march-next-year

So many months to go for Sapura to goreng and improve its contract rates and T&Cs across the board.

Share price will improve on MOF sentiment and renewed O&G commodities bull run. Brent at $125 per bbl now. All operators are paying expediting fees to secure rigs and don’t mind the premium. Let’s go!

Folks, nothing is ever linear. The global stock is pulling back due to the following reasons;
1) Rise in interest rates
2) Fear of inflation and increasing cost affecting companies margin.

All these due to rise of Oil and Gas prices too. The energy counters will eventually stabilise to pace up with commodities run. Dow and Nasdaq has pullback but Feds will intervene to stabilise the world economics eventually.

Holy crap. KLSE lost 25 points. Energy companies only stay afloat

Sapu je la. Whalers already collecting to position on MOF news

I bought more 5 cents. Let’s go. Announcement brewing, then don’t want to miss train again. Haha

Sapura receive lifeline for 9 months and so many things can happen during this period. MOF news also yet to be announced and they did not deny the media statement. Be patient and optimistic. It’s all in cronies game and we just ride along. Today break 5 cents, let’s see where it settles

After the extension approval, now this counter panas again. Whales already collect at 5cents and next round to goreng again

Like I’ve said. Once politicians announce publicly their stance, they will push for it. There are nearly thousands of people/loyalist in BN and UMNO gathering and you think their chiefs going to disappoint them.

https://klse.i3investor.com/web/announcement/detail/1696715

Great news! Sapura just receive lifeline extension on its creditor scheme for 9 months. Haha. Tomorrow fly again on motion for assistance package.

You guys think UMNO wants to disappoint their loyalist after Zahid and Najib gave big speech to save the Bumi company. Just see the news reeling out later. Then stock soaring again

Rileks. See the announcement then share goes very volatile

MOF hasn’t deny report
https://www.theedgemarkets.com/article/mof-inc-could-step-finance-sapura-energy

Sapu je la. Wait for the announcement

Sapura sapu la

It’s going to be a volatile move this week. With MOF news brewing and 10th June creditor scheme arrangement

No la, they won’t declare bankrupt. Government has huge stake in it. An assistance package is imminent. They are cooking the package behind the scene as we speak.

Awaiting MOF announcement this week. Let’s see if BN and UMNO will upheld their face on their agenda. Otherwise opposition will roast them and claim they were correct.

This game is not for everyone. Only real mens with balls can invest here.

Good news after market close, Tuesday fly :)

Short squeeze done. 6 cents clear today, then as FOMO effect build, price crusade higher

Timing of PN17 classification is very fishy. They already fall in that equity ratio criteria since many months ago. I think prior to MOF news, they pressuring such news so big boys in BN and UMNO can buy low again to make margins after news. Let’s see, I am still optimistic since MOF did not deny media report

Just watch how the goreng again. News brewing, and MOF did not deny the media statement. Once good news out, then all queue to buy higher than 6 cents again

Gangguan kepada pengeluaran, stok dan logistik era pandemik yang ditambah teruk oleh perang di Ukraine telah melonjakkan kadar inflasi dunia ke antara paras tertinggi sejak 40 tahun lalu.

(Saya pernah ramal pada pertengahan tahun lepas bahawa inflasi akan menjadi masalah besar sebab pandemik tapi saya tak terfikir akan ada perang di Ukraine)

Keadaan hari ini adalah keadaan amat luar biasa.

Masa 100 tahun sudah berlaku sejak pandemik global dahulu berlaku pada tahun 1920an.

Perang Ukraine merupakan krisis terbesar benua Eropah dan negara-negara barat sejak 80 tahun dahulu - iaitu ketika perang dunia kedua.

Jika nak kawal kesan-kesan kedua krisis ini secara sepenuhnya, amat susah tapi ini adalah cabaran global yang kerajaan perlu redakan dengan dasar-dasar yang baik serta adil.

Sebagai negara pengekspot komoditi yang besar, Malaysia ada kelebihan dalam situasi ini.

Harga-harga komoditi kini pada harga yang amat tinggi.

Harga sawit adalah 3 hingga 4 kali ganda berbanding harga sebelum pandemik bermula.

Harga gas asli pula naik sehingga 10 kali ganda lebih tinggi.

Itulah sebab Petronas mampu melaporkan keuntungan besar sebanyak RM23 bilion bagi 3 bulan pertama tahun ini.

Tidak mustahil sekiranya keuntungan mencecah RM100 bilion bagi keseluruhan tahun ini.

Keuntungan-keuntungan syarikat perladangan besar juga berganda 3 hingga 4 kali ganda berbanding sebelum pandemik.

Begitu juga dengan sektor pembuatan elektronik yang sedang berkembang pesat dengan permintaan dunia yang tinggi.

Kita terkesan dari satu sudut tetapi kita juga penerima manfaat dari kedua-dua krisis ini dari segi pendapatan susulan harga global komoditi yang mencecah paras tertinggi.

Sebab itu, ianya adalah adil dan patut bahawa kerajaan mengenakan cukai yang lebih ke atas sektor-sektor ini disamping memastikan sektor-sektor ini diberi perhatian khusus supaya mereka dapat memanfaatkan sepenuhya keadaan harga yang tinggi ini,

Erti kata lain kita memudahkan sektor-sektor ini meningkatkan pengeluaran tetapi kerajaan ambil sebahagian "durian runtuh" untuk membantu sektor-sektor lain yang terjejas serta untuk meredakan cabaran inflasi ketika ini

Dana yang lebih boleh digunakan untuk memberi lebih bantuan tunai kepada Rakyat paling terjejas dengan kenaikan harga.

Program pertanian dan penanaman makanan berskala amat besar boleh dimulakan dengan kerjasama kerajaan-kerajaan negeri supaya kita kurang bergantung kepada import.

Peruntukan bagi subsidi bahan makanan dan bahan binaan boleh dipertingkatkan agar pengeluar, pengimport serta sektor pembinaan tidak mengalami kerugian atau terpaksa henti beroperasi susulan harga yang tidak dapat dikawal.

Skim pinjaman mudah dengan jaminan kerajaan berskala lebih besar boleh disediakan bagi perniagaan-perniagaan yang sedang mengalami masalah.

Namun kesemua ini patut dipercepatkan dari segi perlaksanaan dan dikurangkan birokrasi sekiranya cadangan-cadangan ini diterima.

Speed and efficiency in execution is the priority.

Retailers throw based on panic sell. Whalers already collect even higher price. They will average up. See 6 cents disappear after. Then keep going up on news FOMO. I collected some more, haha.

Whalers and speculators will eat 6 cents before news out

Well let’s see about that

I don’t think yet. MOF did not deny the media statement. Market still priced in for official assistance package. There is still some hope and just wait for their announcement. I firmly believe BN and UMNO won’t just gamble their debate on saving Sapura. It’s an election motion behind the scene.
Possible news to come out
1) Petronas extends Pelaut contract, or renew its Pre-qualification for bid
2) MOF special grant on working capital
3) MOF could reverse sale of Sapura 3000 if secure working capital this month, presumably if T&C with Middle East company did not commercialise.
4) Petronas announces Sapura as subsidiary entity.
5) Creditors extend short term loan as long term.
6) Sapura forms a consortium with other players

As I had said. BN and UMNO will lose face if they don’t exercise the assistance package. Election is looming and they already committed to save this Bumi company.

BN and UMNO cannot u-turn, they’ve pledged for bailout or assistance package. Not having it done will eventually make them lose face. Have some faith. Market will decide in coming days and weeks.

They have 12 months to work on regularisation plan. Still long way, and by that time election, and then Bossku and MOF news, so many things along the way to turn the tide. Let’s not forget, this counter was 3 cents to 10 cents within days with political tides.

Haiya, all big companies are here. The government has lack its attention to boost domestic and foreign investments in KLSE. The government themselves are holding major stakes in most of these counters. They need to provide assistance package to revise the companies, otherwise there would not be anymore local companies flowering in Malaysia. Better just close Bursa market and go to Central Market play 4D

Sumatec is not owned by Gomen. Sapura is. Najib is right, as he had commented on Siltera. Gomen need to buffer the working capital and turnover the company. Business was bad during downturn, but why sell asset when market is booming. They only need working capital to roll, and with new contract rates and T&Cs with current market, can easily recover those losses over years.

Just topped up Rm100K

Politicians are market drivers. BN and UMNO would lose their election grip if they don’t adhere to their motion for assistance package. Opposition will crush them for the fake promises.

Bargain price! Sapu la. Anytime in coming days

https://www.thestar.com.my/business/business-news/2022/06/01/sapura-energy-expects-improved-operating-environment

Most legacy contracts without C-19 provisions will expire 2023. New bidding rounds already account for high crude price and C-19. Future looks good. They need the working capital only. MOF can help short term.

Just see the U-turn, Petronas issue news like Serba. And then MOF news. All rally up like heaven again :)

Waiting for syndicate to goreng ICON offshore, they make millions of profit for the past 4 quarters and price action still sluggish. It’s just about time.

Sapura and Serba still have another goreng mode