Oil going to $60, companies to start spending again: Oil CEOs

http://www.cnbc.com/2016/06/07/oil-going-to-60-companies-to-start-spending-again-oil-ceos.html

http://www.cnbc.com/2016/06/07/oil-going-to-60-companies-to-start-spending-again-oil-ceos.html

Oil going to $60, companies to start spending again: Oil CEOs

http://www.cnbc.com/2016/06/07/oil-going-to-60-companies-to-start-spending-again-oil-ceos.html

Oil going to $60, companies to start spending again: Oil CEOs

Oil going to $60, companies to start spending again: Oil CEOs

http://www.cnbc.com/2016/06/07/oil-going-to-60-companies-to-start-spending-again-oil-ceos.html

Buy now and fast. Oil price very strong could hit US$60 soon.
Next year between US$80 to $90

Buy now and fast. Oil price very strong could hit US$60 soon.
Next year between US$80 to $90

Buy now and fast. Oil price very strong could hit US$60 soon.
Next year between US$80 to $90

Buy now and fast. Oil price very strong could hit US$60 soon.
Next year between US$80 to $90

Buy now and fast. Oil price very strong could hit US$60 soon.
Next year between US$80 to $90

Buy now and fast. Oil price very strong could hit US$60 soon.
Next year between US$80 to $90

http://www.thestar.com.my/business/business-news/2016/06/03/alam-maritim-tenders-for-over-rm2b-projects/

Can SKPetro be the 2nd Petronas in 5 years time ?
Have own oil and gas field.

EGM passed. Once they have set the date and price for ESOS. they will push the price up.
Now they will still keep it low so that they could by ESOS at a cheaper price.

he Board of Directors of Alam Maritim Resources Berhad ("the Company") is pleased to announce that all the resolutions as set out in the Notice of the Extraordinary General Meeting ("EGM") dated 29 April 2016 were duly passed by the shareholders present and voting by show of hands at the Company's EGM held today.

hng33......where do u get the news ?

With the current Brent oil price US$50. Once Petronas come up some good news. Oil stocks fly north.

With the current Brent oil price US$50. Once Petronas come up some good news. Oil stocks fly north.

With the current Brent oil price US$50. Once Petronas come up some good news. Oil stocks fly north.

Yesterday bought at 0.34......no plan to sell.

Waiting to buy at 0.34.....please sell to me.

Perisai result also very bad, but after sometime the share price back to normal because everyone know the current price already factor in.
So Alam should be OK. Buy when the price drop and hold. Should be back to normal soon.
Oil price is almost US$50. Petronas should revise the rate higher.

They announce Q1'16 very bad result so that they could buy cheaper during ESOS.
Let see what will happen after ESOS date and price fixed.

Hi i_investor,
Are u sure the latest Alam Financial report Paul still got 8% shares ?
Where did u get the news on MISC merge or takeover Alam ?
Recently Alam shares very high trading volume.

I am asking i_investor ?

Anyone got any insider new ?
MISC and ALAM MARITIM M&A ?
Should be good news.

KUALA LUMPUR (May 17): Offshore service vessel player Icon Offshore Bhd expects the oil and gas sector's activities to increase as oil prices recover further, which, in turn, would benefit the company.

"We think as we move forward there is light at the end of the tunnel. As the oil prices stabilise, there will be a little more activities coming in the market which will help us," Icon Offshore managing director Amir Hamzah Azizan told reporters after its annual general meeting today.

He also noted that initiatives taken by the company to restructure its capital and operating cost, and drive fleet utilisation through competitive bidding has already shown positive signs.

He hopes the company will maintain its utilisation rate of 60% and aggressively tender new projects.

As at March 31, Icon Offshore has an order book of RM640.1 million.

As for the expansion overseas, he said the company will focus on the Brunei market.

Currently, the contribution of its expansion outside Malaysia stands at 27%.

http://www.theedgemarkets.com/my/article/icon-offshore-sees-better-prospects-oil-prices-improve

Always think positive so that our body is cancer free.
Negative person can get cancer and die faster.

Oil is going to break US$50 soon.
Imagine if oil touch US$60 end of the year.
ALAM can go up as high as RM0.60

http://www.theedgemarkets.com/my/article/oil-prices-jump-goldman-sachs-says-market-flips-deficit

http://www.theedgemarkets.com/my/article/oil-prices-jump-goldman-sachs-says-market-flips-deficit

http://www.theedgemarkets.com/my/article/oil-prices-jump-goldman-sachs-says-market-flips-deficit

Based on the current oil price, Q2'16 if no more impairment, financial result should be good.

http://www.thestar.com.my/business/business-news/2016/05/16/upside-for-skpetro-on-plans-to-monetise-gas-reserves/

KUALA LUMPUR: Maybank Investment Bank Research (Maybank IB Research) says SapuraKencana Petroleum’s (SKPetro) plans to unlock and monetise its gas reserves is a “major catalyst” which has not been factored by the market yet.

The research house said on Monday that its unchanged sum-of-parts based target price of RM2.00 for the integrated oil and gas service provider offered a 27% upside on this move.

“Unlocking and monetising its gas reserve is high on SAKP’s agenda, a major catalyst not factored in by the market yet,” it said in a note.

It added that while the market was likely to be concerned over a report that Petrobras is renegotiating contracts for pipe-laying support vessels (PLSV) in Brazil, the situation is less hostile than expected.

It said The Petrobras job accounts for 6%-8% to SAKP’s earnings per annum.

According to an Upstream article, Petrobras is carrying out a fresh round of contract renegotiations with its PLSV clients.

Petrobras currently has 16 PLSVs operating in Brazilian waters and has ordered another seven newbuilds with delivery scheduled by late 2017.

The SAKP-Seadrill JV has two contracts with Petrobras.

Maybank Research said its earnings forecasts, Buy call and RM2 target price were unchanged.

“Any price weakness from the Petrobras PLSV contract concern is an opportunity to accumulate,” it said.

http://www.cnbc.com/2016/05/15/oil-prices-rise-on-nigeria-venezuela-disruptions.html

Oil stock is going recover in the afternoon.

http://www.cnbc.com/2016/05/15/oil-prices-rise-on-nigeria-venezuela-disruptions.html

Oil price going to recover in afternoon.

http://www.cnbc.com/2016/05/15/oil-prices-rise-on-nigeria-venezuela-disruptions.html

Oil stocks is going to fly high in the afternoon.

He said well-integrated oil and gas (O&G) stocks are one area the fund manager believes could pique investor appetite.
MIDF Research analyst Aaron Tan said it may be time to accumulate O&G stocks now, but with caution.

http://www.theedgemarkets.com/my/article/plantation-and-og-bright-spots-stock-market

http://www.theedgemarkets.com/my/article/plantation-and-og-bright-spots-stock-market

He said well-integrated oil and gas (O&G) stocks are one area the fund manager believes could pique investor appetite. MIDF Research analyst Aaron Tan said it may be time to accumulate O&G stocks now, but with caution.
The research firm also has a “buy” call on SapuraKencana Petroleum Bhd.

“SKP (SapuraKencana) covers 90% of the value chain. Since the drop in oil prices in 2014, we found the correlation between prices and SKP is very strong, around 90%,” he said.

http://www.theedgemarkets.com/my/article/plantation-and-og-bright-spots-stock-market

He said well-integrated oil and gas (O&G) stocks are one area the fund manager believes could pique investor appetite. MIDF Research analyst Aaron Tan said it may be time to accumulate O&G stocks now, but with caution. “If you look at Icon Offshore Bhd, which won the ExxonMobil [RM42 million vessel supply] contract recently,

Alam buyer are a group of smart person. They can just wait and wait for seller to throw down.
Seller is always the loser because they can't hold for long term.

1 MDB problems no end.......really hate them

Opportune time to accumulate
We see values emerging from the recent fall in share price (19% YTD), attributed much to the recent Seadrill’s block sale. At current levels, the stock is oversold and attractively valued (26% upside to our TP). With its high beta, it offers a good trading proxy to the potential rebound in oil prices. Positive newsflows from its gas fields would be a strong catalyst.

Opportune time to accumulate
We see values emerging from the recent fall in share price (19% YTD), attributed much to the recent Seadrill’s block sale. At current levels, the stock is oversold and attractively valued (26% upside to our TP). With its high beta, it offers a good trading proxy to the potential rebound in oil prices. Positive newsflows from its gas fields would be a strong catalyst.

A good entry level, limited downside
The recent share price correction following Seadrill’s exit from SAKP is an opportunity to accumulate and trade on valuations (oversold, undervalued), beta and potential catalysts. Unlocking and monetising its gas reserve is high on SAKP’s agenda, a major catalyst not factored in by the market yet. Our unchanged SOP-based TP offers a 26% upside.

Petronas will re active some projects when Brent Oil price above US$50.
Buy now........don't sell.

Petronas will re active some projects when Brent Oil price above US$50.
Buy now........don't sell.

Petronas will re active some projects when Brent Oil price above US$50.
Buy now........don't sell.

After the ESOS, Alam is going to fly high.

If they push the price too high now, they need to pay for more during ESOS. So don't sell cheap to them. Hold on, don't sell.