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2021-03-03 17:10 | Report Abuse
You all ada dengar news that Velesto will be bought over by an entity?
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2021-02-26 13:31 | Report Abuse
Dengar2... 2 rigs sudah dapat award from Petronas... when will Velesto announce?
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2021-02-25 08:04 | Report Abuse
The problem with SAPNRG is oil price can go high... go lah up to USD70... USD75, but share price naik by 0.5 sen, 1 sen, 1.5 sen only
Then when oil price correction down, turun back to USD55 or USD60, SAPNRG price akan turun back to 10sen...11sen easily.
Haiya
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2021-02-24 18:57 | Report Abuse
I've been in the O&G for the past 30 years & every year "experts" have been saying that it's a dying industry. O&G is a cyclic business, yes that's true. But not dying. Dont be fooled by the so called "experts". All the green & renewables will not be able to support global energy requirement for industries & daily life needs. Let's see if solar can be used to make all your daily life items that are fossil fuel based.
The majors might be realigning their focus to renewables to diversify, but the core business is still fossil fuel. Check out Petronas...more drilling activities are being planned for many fields in the coming years.
I've gone thru downturns in 1998, 2003, 2008, 2014 and now 2020 (due to Covid). It's cyclic, the industry has rebounded and it will rebound again. Covid will be gone one day....just like many pandemics before. Just enjoy the ride folks...
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2021-02-24 18:54 | Report Abuse
I've been in the O&G for the past 30 years & every year "experts" have been saying that it's a dying industry. O&G is a cyclic business, yes that's true. But not dying. Dont be fooled by the so called "experts". All the green & renewables will not be able to support global energy requirement for industries & daily life needs. Let's see if solar can be used to make all your daily life items that are fossil fuel based.
The majors might be realigning their focus to renewables to diversify, but the core business is still fossil fuel. Check out Petronas...more drilling activities are being planned for many fields in the coming years.
I've gone thru downturns in 1998, 2003, 2008, 2014 and now 2020 (due to Covid). It's cyclic, the industry has rebounded and it will rebound again. Covid will be gone one day....just like many pandemics before. Just enjoy the ride folks...
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2021-02-23 07:23 | Report Abuse
Goldman Sachs... $75/bbl oil price by summer
https://www.barrons.com/articles/oil-at-75-a-barrel-by-summer-goldman-analysts-forecast-is-bullish-for-energy-stocks-51614013047?siteid=yhoof2
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2021-02-23 06:53 | Report Abuse
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2021-02-22 18:48 | Report Abuse
Rumors that will be confirmed by this week...
2 of the Velesto's rigs will be awarded drlling contracts by Petronas....hot hot hot news. Buy, buy, buy.
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2021-02-22 12:28 | Report Abuse
Saoura keep competing for new projects....
https://www.upstreamonline.com/energy-transition/oil-and-gas-contractor-giants-chase-offshore-wind-project-prize/2-1-962727
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2021-02-18 20:51 | Report Abuse
Sapnrg keep chasing for new businesses
https://www.upstreamonline.com/energy-transition/oil-and-gas-contractor-giants-chase-offshore-wind-project-prize/2-1-962727
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2021-02-17 21:25 | Report Abuse
Really makes me feel that Kenanga's analysts are ... outdated number crunchers.
https://klse.i3investor.com/m/priceTarget/58502.jsp
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2021-02-17 18:35 | Report Abuse
Something much bigger coming.....
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2021-02-16 19:34 | Report Abuse
Actually, Jerun "could easily be worth over US$1 billion (RM4.04 billion)" as per below:
https://www.theedgemarkets.com/article/aminvestment-jerun-cpp-job-drive-sapura-energys-order-book-momentum
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2021-02-15 14:22 | Report Abuse
None of Velesto's rigs are working for Petronas right now...
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2021-02-06 09:56 | Report Abuse
That's true....that's why should not be too attached to the O&G counters as it's a cyclic industry. Now it's under downturn... time to buy & ride out the cycle. Once it's uptrend, don't dream of becoming multi billionaire like John D. Rockefeller by hanging in there too long. Exit with the handsome return. When to exit? That you have to do the research, follow the market supply & demand lah. It's your own due diligince.
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2021-02-06 08:35 | Report Abuse
As an investor, dont be too attached to the O&G counters... but, when it's under cyclic downturn, you buy. Ride it out, once it's uptrend, sell. You'll be happy with the returns.
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2021-02-06 08:16 | Report Abuse
I've been in the O&G for the past 30 years & every year "experts" have been saying that it's a dying industry. O&G is a cyclic business, yes that's true. But not dying. Dont be fooled by the so called "experts". All the green & renewables will not be able to support global energy requirement for industries & daily life needs. Let's see if solar can be used to make all your daily life items that are fossil fuel based.
The majors might be realigning their focus to renewables to diversidy, but the core business is still fossil fuel. Check out Petronas...more drilling activities are being planned for many fields in the coming years.
I've gone thru downturns in 1998, 2003, 2008, 2014 and now 2020 (due to Covid). It's cyclic, the industry has rebounded and it will rebound again. Covid will be gone one day....just like many pandemics before. Just enjoy the ride folks...
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2021-02-04 08:57 | Report Abuse
Sapnrg is too heavy.... after the rights issue keluar end 2018, sudah jadi berat mcm dinasour... RM1 price in 2016/2017 is now equal to RM0.4 post rights issue
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2019-09-27 14:57 | Report Abuse
Honestly... potential is good esp with gas sale reasy by Q4... but need to cut OPEX
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2019-09-27 14:56 | Report Abuse
Summary of financial performance:
▪ Revenue grew by 87 per cent quarter-on-quarter to RM1.9 billion, with net loss narrowing to
RM116.3 million
▪ Engineering & Construction segment recorded more than 100 per cent increase in profit-before-tax
of RM27.2 million
▪ Drilling segment posted a 39 per cent improvement on a loss-before-tax to RM35.7 million
▪ First gas is on track for SK408 phase 1, providing an additional income stream from Q4 FY20
▪ Secured new contract wins totalling RM774 million
▪ Value of cumulative new contract wins year-to-date amounts to approximately RM3.1 billion,
bringing the order book value to RM16.3 billion
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2019-09-24 09:24 | Report Abuse
Heard from the grapevine... you want to know why PNB took up 40%? Supposedly to save Maybank...Maybank is the major underwriter... if no taker, Maybank in deep shit.
Do your research to see if this is true or not.
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2019-09-17 23:00 | Report Abuse
Esok Sapura turun balik to 0.275
https://us.yahoo.com/finance/news/oil-falls-more-1-market-011352626.html
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2019-09-17 12:53 | Report Abuse
"Saudi Aramco officials are growing less optimistic that there will be a rapid recovery in oil production after the attack on the giant Abqaiq processing plant, a person with knowledge of the matter said.
All eyes are on how fast the kingdom can recover from the weekend’s devastating strike, which knocked out roughly 5% of global supply and triggered a record surge in oil prices. Initially, it was said that significant volumes of crude could being to flow again within days, but it may now take longer than previously thought to resume operations at the plant, the person said, asking not be named before an official announcement. The company is scheduled to provide an update later today."
https://www.bloomberg.com/news/articles/2019-09-16/aramco-said-to-be-less-optimistic-on-pace-of-oil-output-recovery
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2019-09-17 12:43 | Report Abuse
Situation is bad.... supply from Saudi will be affected for "weeks" or even "months"
"One photo appears to show a row of four spherical tanks each with similar puncture marks, indicating a highly accurate strike. Those vessels are important because they are part of a process to remove hydrogen sulfide, a highly corrosive chemical that needs to be taken out of crude before it can be refined. Without that, most refineries would struggle to process Saudi crude."
https://www.bloomberg.com/news/articles/2019-09-16/photos-that-show-how-attack-crippled-saudi-arabia-s-oil-output
Stock: [SAPNRG]: SAPURA ENERGY BERHAD
2021-03-03 21:36 | Report Abuse
I've been in the O&G for the past 30 years & every year "experts" have been saying that it's a dying industry. O&G is a cyclic business, yes that's true. But not dying. Dont be fooled by the so called "experts". All the green & renewables will not be able to support global energy requirement for industries & daily life needs. Let's see if solar can be used to make all your daily life items that are fossil fuel based.
The majors might be realigning their focus to renewables to diversify, but the core business is still fossil fuel. Check out Petronas...more drilling activities are being planned for many fields in the coming years.
I've gone thru downturns in 1998, 2003, 2008, 2014 and now 2020 (due to Covid). It's cyclic, the industry has rebounded and it will rebound again. Covid will be gone one day....just like many pandemics before. Just enjoy the ride folks...