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2015-12-18 07:51 | Report Abuse
Marketwatch 18thDec 2016.......
Oil briefly rebounds to $100
While oil prices CLF6, -0.37% are under a lot of pressure heading into 2016, they will soon rally and bring $100 a barrel back onto the horizon. This will happen as OPEC — after struggling with the economic pain of weak oil prices — decides to cut production and break the downward price spiral, triggering a quick recovery with investors rushing to re-enter the market.
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2015-12-18 07:51 | Report Abuse
Marketwatch 18thDec 2016.......
Oil briefly rebounds to $100
While oil prices CLF6, -0.37% are under a lot of pressure heading into 2016, they will soon rally and bring $100 a barrel back onto the horizon. This will happen as OPEC — after struggling with the economic pain of weak oil prices — decides to cut production and break the downward price spiral, triggering a quick recovery with investors rushing to re-enter the market.
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2015-12-18 07:50 | Report Abuse
Marketwatch 18thDec 2016.......
Oil briefly rebounds to $100
While oil prices CLF6, -0.37% are under a lot of pressure heading into 2016, they will soon rally and bring $100 a barrel back onto the horizon. This will happen as OPEC — after struggling with the economic pain of weak oil prices — decides to cut production and break the downward price spiral, triggering a quick recovery with investors rushing to re-enter the market.
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2015-12-17 13:11 | Report Abuse
KUALA LUMPUR: AmResearch believes SapuraKencana’s current order book will provide earnings support over the next two to three years, despite the weak sector outlook.
Its RM21bil order book accounts for 2.2 x financial year ending Jan 31, 2017 forecast revenues.
It maintains a Buy call on SapuraKencana with an unchanged target price of RM2.45/share, pegged to an 2016 PE of 14x.
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2015-12-15 13:10 | Report Abuse
Maintain buy with an unchanged target price (TP) of 42 sen: Icon Offshore Bhd is on a roll. The charter win for its utility tug vessel is its seventh win for 2015. The daily charter rate (DCR) and tenure are better than we initially expected. Cost management is progressing well — we estimate that Icon can still take another 20% hit on the DCR, and still survive and be cash-flow “neutral”. Icon offers a unique mergers and acquisitions (M&A) perspective (absent from its peers), a major rerating catalyst. Our TP, based on one times enterprise value (EV)/replacement value methodology, offers a 22% upside.
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2015-12-11 16:19 | Report Abuse
Buyer can wait.
Seller cannot tahan.
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2015-12-11 14:28 | Report Abuse
How does Bursa work up or approve IPO RM1.80.....based on what ?
Now only RM0.35.......undervalue and over sold ?
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2015-12-08 16:01 | Report Abuse
The Sabah Sarawak Gas Pipeline is a network of onshore pipeline that link Sabah Oil and Gas Terminal in Kimanis, Sabah and PETRONAS LNG Complex in Bintulu, Sarawak. The length of the pipeline is 503km. The scope of the Contract include inspection, testing, repair and maintenance of the pipes and related infrastructures to maintain the pipeline integrity.
The Contract duration is for two years from 1 December 2015 until 30 November 2017. PGB has the option to extend the Contract period for an additional one year.
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2015-12-07 15:10 | Report Abuse
The Board of Directors of SapuraKencana Petroleum Berhad (“SapuraKencana” or “Company”) (“Board”) is pleased to announce that wholly-owned subsidiary companies within the SapuraKencana Group have been awarded contracts and extensions with a combined value of approximately USD72 million (approximately RM300 million, based on USD/MYR exchange rate of USD1: RM4.2).
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2015-12-07 11:11 | Report Abuse
ALAM cash rich company.
Just Hold for long term......return could be better than BANK interest.
Only GOD know when oil price could return to USD60.
Only GOD know when there will be another WAR.
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2015-12-02 07:49 | Report Abuse
KUALA LUMPUR (Dec 1): Alam Maritim Resources Bhd ( Valuation: 1.50, Fundamental: 1.40) has been awarded a RM26 million contract from Petroliam Nasional Bhd (Petronas) for the provision of engineering, procurement, construction, installation and commissioning (EPCIC) of a pipeline for TCOT Effluent Discharge Line Extension Project, measuring one kilometer.
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2015-11-26 08:55 | Report Abuse
Market value is only half of NTA price......50% discount
BUY
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2015-11-26 08:54 | Report Abuse
ALAM Q3'15 NTA = RM0.94
Undervalue stock.
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2015-11-25 08:59 | Report Abuse
ICON Q3'15 NTA - RM0.9317
Undervalue stock
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2015-11-24 16:47 | Report Abuse
Malaysian oil supplies to India last month were the highest in six months, the data showed.
http://www.theedgemarkets.com/my/article/india-oil-imports-asiapac-spike-oct-refiners-tap-new-routes
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2015-11-24 16:46 | Report Abuse
http://www.theedgemarkets.com/my/article/india-oil-imports-asiapac-spike-oct-refiners-tap-new-routes
Malaysian oil supplies to India last month were the highest in six months, the data showed.
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2015-11-24 16:46 | Report Abuse
Malaysian oil supplies to India last month were the highest in six months, the data showed.
http://www.theedgemarkets.com/my/article/india-oil-imports-asiapac-spike-oct-refiners-tap-new-routes
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2015-11-24 16:45 | Report Abuse
Malaysian oil supplies to India last month were the highest in six months, the data showed.
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2015-11-24 16:45 | Report Abuse
Malaysian oil supplies to India last month were the highest in six months, the data showed.
http://www.theedgemarkets.com/my/article/india-oil-imports-asiapac-spike-oct-refiners-tap-new-routes
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2015-11-24 16:44 | Report Abuse
Malaysian oil supplies to India last month were the highest in six months, the data showed.
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2015-11-24 09:14 | Report Abuse
KUALA LUMPUR (Nov 23): Upstream oil and gas service provider Perisai Petroleum Teknologi Bhd ( Valuation: 1.70, Fundamental: 0.30) saw its third quarter net profit surge 4.3 times year-on-year (y-o-y) to RM9.63 million or 0.81 sen per share, on higher contributions from its joint ventures (JVs) and marine segment, and a higher foreign exchange (forex) gain.
This is compared to a net profit of RM2.23 million or 0.19 sen per share a year ago; meanwhile, its latest quarterly revenue was 9.9% higher at RM49.14 million from RM44.72 million in the previous year, its filing to Bursa Malaysia today showed.
Perisai said the higher share of contributions from its JVs was largely from its floating, production, storage and offloading unit Perisai Kamelia, while its higher forex gain was reflected in its 'other income', which came in at RM11.39 million versus RM823,000 previously.
As for the y-o-y revenue rise, Perisai said it was due to a full three months' revenue generated from its jack-up drilling rig Perisai Pacific 101 in the quarter, compared to approximately two months in the previous quarter ended Sept 30, 2014 (3QFY14) and a higher conversion exchange rate.
Meanwhile, for the nine-month period ended Sept 30, 2015 (9MFY15), Perisai registered a net profit of RM18.27 million from RM204,000, up 89.6 times, largely due to the same reason that boosted its latest quarterly profit rise.
Its latest cumulative revenue was up 2.4 times at RM159.53 million, versus RM66.37 million previously, primarily due to a full nine months of revenue generated from Perisai Pacific 101, as compared to approximately two months in 9MFY14, and a higher conversion exchange rate.
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2015-11-24 09:09 | Report Abuse
Perisai - NTA RM1.26
undervalue stock
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2015-11-24 09:05 | Report Abuse
Does that means SKPetro is going to have their own 18 oil wells ?
SKPetro is going to be the 2nd Petronas in Malaysia?
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2015-11-24 09:04 | Report Abuse
http://www.thestar.com.my/Business/Business-News/2015/11/23/UMW-O-G-secures-offshore-drilling-contract-from-SapuraKencana/?style=biz
The company told Bursa Malaysia that UMW Malaysian Ventures, through its wholly-owned subsidiary UMW Offshore Drilling Sdn Bhd had received a letter of award for the job from SapuraKencana Petroleum Bhd’s energy division.
UMW-OG did not reveal the contract’s value, but said it involved up to 18 wells with an extension option for three additional wells.
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2015-11-19 11:12 | Report Abuse
This article first appeared in The Edge Financial Daily, on November 19, 2015.
KUALA LUMPUR: Barclays Corporate Banking plc predicts that demand for oil will triple in 2016, and that oil price, which is now about US$45 (RM197.55) per barrel, will rise to US$50 per barrel by end-2015 and to US$60 per barrel next year.
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2015-11-19 11:11 | Report Abuse
This article first appeared in The Edge Financial Daily, on November 19, 2015.
KUALA LUMPUR: Barclays Corporate Banking plc predicts that demand for oil will triple in 2016, and that oil price, which is now about US$45 (RM197.55) per barrel, will rise to US$50 per barrel by end-2015 and to US$60 per barrel next year.
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2015-11-19 11:10 | Report Abuse
This article first appeared in The Edge Financial Daily, on November 19, 2015.
KUALA LUMPUR: Barclays Corporate Banking plc predicts that demand for oil will triple in 2016, and that oil price, which is now about US$45 (RM197.55) per barrel, will rise to US$50 per barrel by end-2015 and to US$60 per barrel next year.
http://www.theedgemarkets.com/my/article/barclays-sees-oil-demand-tripling-next-year-oil-price-reach-us60-barrel
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2015-11-19 11:09 | Report Abuse
This article first appeared in The Edge Financial Daily, on November 19, 2015.
KUALA LUMPUR: Barclays Corporate Banking plc predicts that demand for oil will triple in 2016, and that oil price, which is now about US$45 (RM197.55) per barrel, will rise to US$50 per barrel by end-2015 and to US$60 per barrel next year.
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Stock: [BARAKAH]: BARAKAH OFFSHORE PETROLEUM BHD
2015-12-18 07:52 | Report Abuse
http://www.marketwatch.com/story/this-outrageous-prediction-says-oil-will-hit-100-in-2016-2015-12-16?dist=tbeforebell