If oil price go up to US$60 a barrel.
Then the last quarter impairment and write off later will become a few hundred millions EXTRA ORDINARY GAIN on GOOD WILL in coming quarter result.

hope can go above $0.82 soon

Wait for the latest 2014 annual report

lai lai.......Huat Ah, Ong Ah, Heng Ah.

YBhg Tan Sri Quek Leng Chan has bought a lot Alam shares at $1.35
Now only $0.66, more than half price.
I am not sure why he did not buy more to average down his purchase price.

Or Maybe he is buying using some proxy name ?

Petronas is still producing same number of oil and maybe even more.
Company like Barakah, Alam and Icon still providing the same services.
Basically there is no major changes.
So Barakah, Alam and Icon is actually undervalue stocks.

Petronas is still producing same number of oil and maybe even more.
Company like Barakah, Alam and Icon still providing the same services.
Basically there is no major changes.
So Barakah, Alam and Icon is actually undervalue stocks.

Petronas is still producing same number of oil and maybe even more.
Company like Barakah, Alam and Icon still providing the same services.
Basically there is no major changes.
So Barakah, Alam and Icon is actually undervalue stocks.

http://www.theedgemarkets.com/my/article/crude-oil-may-rebound-us80-3-5-years-franklin-templeton

http://www.theedgemarkets.com/my/article/crude-oil-may-rebound-us80-3-5-years-franklin-templeton

http://www.theedgemarkets.com/my/article/crude-oil-may-rebound-us80-3-5-years-franklin-templeton

US government approve export oil, US oil inventory will slowly lower and lower.
Good news.....so just hold on

US government approve export oil, US oil inventory will slowly lower and lower.
Good news.....so just hold on

ConocoPhillips received U.S. government approval to export ultra-light domestic oil, making it the latest firm to obtain approval to export minimally processed, super-light oil known as condensate.

Others with similar approvals include Royal Dutch Shell and pipeline companies Enterprise Products Partners and Plains All American LP.

ConocoPhillips received U.S. government approval to export ultra-light domestic oil, making it the latest firm to obtain approval to export minimally processed, super-light oil known as condensate.

Others with similar approvals include Royal Dutch Shell and pipeline companies Enterprise Products Partners and Plains All American LP.

ConocoPhillips received U.S. government approval to export ultra-light domestic oil, making it the latest firm to obtain approval to export minimally processed, super-light oil known as condensate.

Others with similar approvals include Royal Dutch Shell and pipeline companies Enterprise Products Partners and Plains All American LP.

US government approve export oil, US oil inventory will slowly lower and lower.
Good news.....so just hold on

US government approve export oil, US oil inventory will slowly lower and lower.
Good news.....so just hold on

US government approve export oil, US oil inventory will slowly lower and lower.
Good news.....so just hold on

Barakah can give dividend, meaning that Barakah is a good company.

The Board of Directors of Barakah wishes to announce that the Board had on 8 April 2015 recommended a first and final dividend of 2 sen per ordinary share, tax exempt under the single-tier system for the period ended 31 December 2014.

On the supply side, ConocoPhillips received U.S. government approval to export ultra-light domestic oil, making it the latest firm to obtain approval to export minimally processed, super-light oil known as condensate.

Others with similar approvals include Royal Dutch Shell and pipeline companies Enterprise Products Partners and Plains All American LP.

On the supply side, ConocoPhillips received U.S. government approval to export ultra-light domestic oil, making it the latest firm to obtain approval to export minimally processed, super-light oil known as condensate.

Others with similar approvals include Royal Dutch Shell and pipeline companies Enterprise Products Partners and Plains All American LP.

http://www.theedgemarkets.com/my/article/oil-prices-edge-back-6-pct-fall-outlook-weak

Direct (units) 908,156,894
Direct (%) 15.16
EPF holding so much SKPetro shares.
I am sure EPF do a lot of homework before accumulating more and more SKPetro shares.

some $0.66 and some $0,665

sorry key in error.....unit price bought $0.665

Added another 300K shares at $0.66 this morning.
Will accumulate more.....Waiting for more seller at $0.66.

For those who can't hold their shares, please sell fast, I am willing to buy more at $0.66.
Half the price compare to HL boss at $1.35

Buy now or you will regret end of the year or beginning next year.

there are still people cannot hold and force to sell.

Obviously someone is collecting at current price in no hurry and without letting the price go up inorder to buy cheap.

Fighting in Yemen raised concerns about the security of oil shipments from the Middle East. Analysts worry a proxy war might break out on the Arabian peninsula, home to the world's biggest oil fields, if the conflict draws in Saudi Arabia and rival Iran.

Fighting in Yemen raised concerns about the security of oil shipments from the Middle East. Analysts worry a proxy war might break out on the Arabian peninsula, home to the world's biggest oil fields, if the conflict draws in Saudi Arabia and rival Iran.

Do u think so ? Today thestar paper ?

DO u think so ? today thestar paper

http://www.thestar.com.my/Business/Business-News/2015/03/25/Oil-to-reach-$100-a-barrel-by-end-of-2016/?style=biz

Today thestar paper.

SAN FRANCISCO: Oil prices could hit $100 a barrel by the end of next year, U.S. oil magnate T. Boone Pickens said on Tuesday, revising his previous forecast which said they would reach that level as early as this year.
26/03/2015 08:43

http://www.thestar.com.my/Business/Business-News/2015/03/25/Oil-to-reach-$100-a-barrel-by-end-of-2016/?style=biz

Today thestar paper.

SAN FRANCISCO: Oil prices could hit $100 a barrel by the end of next year, U.S. oil magnate T. Boone Pickens said on Tuesday, revising his previous forecast which said they would reach that level as early as this year.

http://www.theedgemarkets.com/my/article/jf-apex-securities-maintains-buy-sapurakencana-trims-target-rm321

JF Apex Securities maintains Buy on SapuraKencana, trims target to RM3.21

http://www.theedgemarkets.com/my/article/most-sapurakencana%E2%80%99s-negatives-priced

Most of SapuraKencana’s negatives priced in...Maintain buy with lower target price of RM2.80
If oil price go back to $60-$70 per barrel....SKpetro can hit $3.50

SKPetro said in FY2015, the drilling division secured a total of 14 opportunities worldwide, comprising of five new contracts and nine contract extensions – adding approximately RM5.1bil to the droup’s order book.
Its offshore construction and subsea services division took delivery of the Sapura Diamante and Sapura Topazio and marked the start of its operations in Brazil. Both Brazilian PLSVs were delivered ahead of schedule and currently operating at more than 99% utilisation.
SKPetro said it took delivery of SK 1200 and SK 3500 which have successfully completed their maiden projects in China and Thailand.
The fabrication, hook-up and commissioning division successfully completed key projects including the fabrication of TTM EVA platform, the commissioning and hook-up of the Kebabangan platform and the completion of brownfield works for Samarang Phase 2.
“This year saw the start of brownfield works in the Tapis EOR project for ExxonMobil. In total, we won contracts to build 11 offshore structures this year totaling RM2.17bil in value,” it said.
The most recent projects include EPCC of Baronia & Tukau WHPs for Petronas Carigali and Phase 3 Brownfield work for CPOC.
The energy division produced 5.1 mmboe from our Peninsula Malaysia fields. We had a 100% exploration success rate with 5 significant gas discoveries in SK408 totaling more than 3TCF of gas.
It also signed two new exploration blocks in Sabah (SB331 & SB332) and signed a US$400mil acquisition of three production sharing contracts in Vietnam with Petronas Carigali. These additions position us well for future growth through expansion to new markets.

Quterly Revenue increase to RM2,394,466,000.00 from RM1,884,211,000.00
Yearly Revunue increase to RM9,943,019,000.00 from RM8,378,776,000.00

Last year NTA RM1.70
This year NTA RM2.01
increase of 31 cents.....consider very very good.

Earning per share 23.93 sen......PE ratio less than 10.......very good.
Q4 proift less as expected, can still make profit is consider very good. Year to year profit up around 40%
NTA RM2.10.
Target price RM2.80

Don't understand why so many COWARD selling Alam shares.

If really the oil price can go up based on the above new.
Then it's time to buy.

http://www.thestar.com.my/Business/Business-News/2015/03/24/Downside-risks-for-SapuraKencana-limited/?style=biz

“We do not rule out SKPetro impairing its E&P assets in its upcoming 4QFY1/15 results due out today, due to the low oil price effect. However, the impact is likely to be manageable (less than RM100mil), and non-cashflow related,” it said.

SKPetro’s long-term prospect remains intact. Its orderbook visibility of RM19.1b will be sufficient to allow it to weather the subdued operating environment, impacting its financial aspects over the next two years.

http://www.thestar.com.my/Business/Business-News/2015/03/24/Downside-risks-for-SapuraKencana-limited/?style=biz

KUALA LUMPUR: Maybank Investment Bank Research believes the risk-reward is turning attractive for SapuraKencana Petroleum (SKPetro) as the negatives have been largely priced in.

It had on Tuesday maintained its Buy call but it also cut the FY16-FY17 core earnings forecasts by 33%-35% and lowered the target price by 26% to RM2.80 from RM3.80.

today thestar paper.
http://www.thestar.com.my/Business/Business-News/2015/03/24/US-crude-drops-towards-$47/?style=biz

The U.S. shale oil industry may have forever abandoned its heavy-spending ways in the face of sliding crude prices, Schlumberger Ltd, the world's No.1 oilfield services provider, said.

* Spending cuts already announced by producers - to the tune of 25 to 60 percent - have dropped the rig count by 45 percent since late 2014, and output will soon decline or flatten out so prices can recover, said Schlumberger Chief Executive Paal Kibsgaard. - Reuters
24/03/2015 09:32

today thestar paper.
http://www.thestar.com.my/Business/Business-News/2015/03/24/US-crude-drops-towards-$47/?style=biz

The U.S. shale oil industry may have forever abandoned its heavy-spending ways in the face of sliding crude prices, Schlumberger Ltd, the world's No.1 oilfield services provider, said.

* Spending cuts already announced by producers - to the tune of 25 to 60 percent - have dropped the rig count by 45 percent since late 2014, and output will soon decline or flatten out so prices can recover, said Schlumberger Chief Executive Paal Kibsgaard. - Reuters

http://www.marketwatch.com/story/this-big-us-fracker-is-most-likely-to-keep-the-oil-flowing-2015-03-17

During a discussion on the future of the U.S. shale-oil industry earlier this month, Phil Flynn, senior market analyst at Price Futures Group, and James Williams, an economist at WTRG Economics, said they expected a major decline in shale-production output during the second half of 2015 to cause a big rebound in prices.

The number of active U.S. oil and natural-gas rigs declined by 56 in the week ended March 20, to 1,069, according to Baker Hughes BHI, -0.67% That is 41% fewer active rigs than a year ago.

Do you all think this is true ?