http://www.thestar.com.my/business/business-news/2017/01/10/contract-securement-to-improve-earnings/

PETALING JAYA: SapuraKencana Petroleum Bhd’s (SapKen) securement of total contracts worth about RM1.34bil (US$300mil) is a re-rating catalyst that could unlock value and improve its earnings going forward.

Maybank IB Research, which is maintaining its buy call on the stock with a target price of RM2.30, on Tuesday said it views the contract win as a reflection of improving sentiment in the oil and gas sector.

Don't think can drop below 1.70
Should buy now and keep since got RM1.34 billions contracts.
When the gas projects start. SKpetro going to be very good.

what the F

http://www.thestar.com.my/business/business-news/2017/01/09/sapurakencana-gets-us$300m-contracts-boost/

http://www.theedgemarkets.com/my/article/sapurakencana-wins-rm134b-worth-contracts

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5308881

The Board of Directors of SapuraKencana Petroleum Berhad (“SapuraKencana” or “Company”) (“Board”) is pleased to announce that its wholly-owned subsidiaries have been awarded contracts with a combined value of approximately USD300 million (approximately RM1.34 billion, based on USD/MYR exchange rate of USD1: RM4.47).

http://www.thestar.com.my/business/business-news/2017/01/06/enra-unit-sets-up-jv-company-with-icon-oilfield/

PETALING JAYA: Enra Group Bhd’s unit has entered into a shareholder’s agreement to jointly set up a company and provide low-cost solutions to the upstream oil and gas (O&G) industry within and outside Malaysia.

In a filing with Bursa Malaysia yesterday, Enra said that its indirect wholly-owned subsidiary Enra Oil & Gas Services Sdn Bhd and ICON Oilfield Solutions Sdn Bhd, a wholly-owned subsidiary of ICON Engineering Pty Ltd of Australia, had entered into a shareholders’ agreement to set up a joint venture (JV) company to provide the O&G solutions.

octop......sell all your skpetro to me. Waiting for you.

Got any news ?

Heng Ah, Ong Ah, Huat Ah 2017 all Oil and Gas stocks.

Heng Ah, Ong Ah, Huat Ah 2017 all Oil and Gas stocks.

Heng Ah, Ong Ah, Huat Ah 2017 all Oil and Gas stocks.

Heng Ah, Ong Ah, Huat Ah 2017 all Oil and Gas stocks.

Heng Ah, Ong Ah, Huat Ah 2017 all Oil and Gas stocks.

Heng Ah, Ong Ah, Huat Ah 2017

once eat 0.28......then all the way to 0.30

0.275 eat all......coming

http://www.theedgemarkets.com/my/article/petronas-qualifies-iran-og-projects

http://www.thestar.com.my/business/business-news/2017/01/03/wah-seong-forms-jv-with-china-lesso-group/

Wah Seong Corp Bhd’s indirect wholly owned subsidiary Syn Tai Hung Trading Sdn Bhd (STHT) has entered into a joint venture and shareholder’s agreement with Lesso Home Service Holdings Limited (LHSH), an indirect wholly-owned subsidiary of China Lesso Group Holdings Limited.

Sunday petrol price up up up

Sunday petrol price up up up

Alam - Alarm clock is coming and very loud in 2017.

ear end window dressing
Icon to break - 0.40
Alam - 0.30
SKPetro - 1.80
Perisai - 0.12
Waseong - 0.85
Barakah - 0.70

ear end window dressing
Icon to break - 0.40
Alam - 0.30
SKPetro - 1.80
Perisai - 0.12
Waseong - 0.85
Barakah - 0.70

ear end window dressing
Icon to break - 0.40
Alam - 0.30
SKPetro - 1.80
Perisai - 0.12
Waseong - 0.85
Barakah - 0.70

ear end window dressing
Icon to break - 0.40
Alam - 0.30
SKPetro - 1.80
Perisai - 0.12
Waseong - 0.85
Barakah - 0.70

ear end window dressing
Icon to break - 0.40
Alam - 0.30
SKPetro - 1.80
Perisai - 0.12
Waseong - 0.85
Barakah - 0.70

Year end window dressing
Icon to break - 0.40
Alam - 0.30
SKPetro - 1.80
Perisai - 0.12
Waseong - 0.85
Barakah - 0.70

this is not a place for politics.
We are here to make $$ from Share market.
2017 is the year or Oil & Gas stocks.

Next Tuesday 3rd Jan 2017 - oil price sure go up very high.
ALAM break 0.30

Next week 2017.....officially oil cut.
Oil price fly......oil stock fly higher.

ALAM is one of the cheapest and good Oil & Gas stock now.
Buy fast

ALAM going to break 0.30 next week.

ICON now 0.39.......then ALAM should be at least 0.30.

Feng Shui master from Hong Kong say 2017 is the year or oil & Gas stocks.

Feng Shui master from Hong Kong say 2017 is the year or oil & Gas stocks.

Feng Shui master from Hong Kong say 2017 is the year or oil & Gas stocks.

Feng Shui master from Hong Kong say 2017 is the year or oil & Gas stocks.

Feng Shui master from Hong Kong say 2017 is the year or oil & Gas stocks.

Feng Shui master from Hong Kong say 2017 is the year or oil & Gas stocks.

only stupid person will sell now.

Perisai need to submit application to BURSA in order to remove from PN17.
Buy now......once out of PN17. Perisai can break 0.10 and all the way up.
They have already factor all impairment last quarter. Next quarter should be better.

now 0.275.......0.30 coming soon

Now 0.27 eat all.......someone cash rich really want in control of ALAM so badly.

once out of PN17.....can go back to 0.10

going for 0.40 soon

Going to break 0.30 soon

this time is real

0.26 eat all.........coming already....watch out

http://www.theedgemarkets.com/my/article/higher-oil-prices-benefit-sapurakencana

Initiate add call with a lower target price of RM1.87: SapuraKencana Petroleum Bhd is the product of the merger of SapuraCrest Petroleum Bhd and Kencana Petroleum Bhd in 2012, which brought together the drilling rig, pipe-laying and subsea construction businesses on one side, and yard fabrication business on the other.

Subsequent to the merger, SapuraKencana expanded its tender drilling rig business by purchasing Seadrill Ltd’s assets in 2013, and then purchased Newfield Malaysia Holding Inc’s oil and gas (O&G) blocks in 2014. The result is an O&G giant in the local context, with tentacles across the entire value chain.

SapuraKencana’s energy business is currently producing from legacy oil blocks in Peninsular Malaysia at a loss, based on spot oil prices. But when gas from the SK310 B15 block starts producing from late financial year 2018 forecast (FY18F), and gas from SK408 begins flowing from late FY19F, we expect SapuraKencana Energy Inc to enjoy a major uplift in profits.

Gas from these two blocks are sweet and relatively inexpensive to develop, while Petroleum Nasional Bhd is a keen buyer and willing to sign lucrative gas sales agreements with the wellhead suppliers, in our view.

SapuraKencana Drilling Asia Ltd (SKD) has a 50% market share in the global tender drilling rig business. Tender rigs offer a niche drilling solution, unlike the more popular jack-up rigs. As such, there are only 30 tender rigs available for charter globally, and only eight competitors of SKD.

Speculative new building orders have been few and fleet growth is limited. These dynamics have kept SKD’s earnings before interest, taxes, depreciation and amortisation margins high at 40% to 50%, and although we have projected net losses for SKD in the next few years, we believe they will be manageable to the group as a whole.

We believe SapuraKencana won RM3.8 billion in new engineering and construction (E&C) contracts in the nine months of 2016, from Feb 1 to Oct 31, slightly more than the revenue recognised in the period, keeping its E&C order book from depleting. In our view, this is no small feat given the reduced willingness by oil majors to spend and pricing pressures. Separately, the Brazil pipe-laying support vessel joint venture continues to do well, with an almost 100% technical utilisation and charters paid on time.

SapuraKencana achieved core net profit in excess of RM1 billion in the three years to FY16, as a result of the order book accumulated prior to the oil price downturn. But we expect FY17F net profit to fall, and medium-term net profit to remain depressed, as the higher-margin order book is depleted. Street estimates appear to be too bullish, in our view.

Given the weak earnings outlook, the stock has already lost around 70% of its value since peaking in late 2013 and appears to have reached a valley in the past six months, in our view, suggesting that the bad news is already in the price.

With planned action by the Opec and non-Opec nations to curtail oil output from Jan 1, 2017, we think sentiment could improve as higher oil prices benefit SapuraKencana directly via its energy output, and indirectly by way of a possible improvement in drilling and subsea construction asset utilisation. — CIMB Research, Dec 21