PETRONAS presented Memorandums of Understanding (MoUs) to five banks, which are Export-Import Bank of Malaysia Berhad, HSBC Bank Malaysia Berhad, Maybank, RHB Islamic Bank Berhad and United Overseas Bank (Malaysia) Berhad to provide financial solutions to Oil & Gas Services and Equipment (OGSE) vendors, via the Vendor Financing Programme for subcontractors, mid-tier and large companies in the sector.
The programme aims to improve access to financing and liquidity to local OGSE vendors, particularly subcontractors, where successful applicants will benefit from competitive rates and efficient financing processes from participating financial institutions.
1) Export-Import Bank of Malaysia 2) HSBC Bank 3) RHB BANK 4) UOB BANK 5) MAYBANK
These Banks are willing to invest in OGSE Companies like Carimin, Dayang & Penergy with FRESH FUNDING Means they SEE BRIGHT PROSPECTS AHEAD
As retail investors we Buy Penergy to get in the OGSE BOOM TIME
BETTER GET INTO PENERGY EARLY JUST LIKE BUYING CARIMIN (CURRYMEE AT 39 SEN) AND DAYANG AT 68 SEN
Thanks Mr calvin. fund limited load up 10 keping only. i just want to have limited fund to get big gain. too greedy. who knows by 2020 Penergy price go back to histry rm4++ . sama sama untung. Huat ah!!!
Ron90 company is good, got potential...but I am a bit sceptical about its current valuation ..based on too much speculations. 01/03/2019 21:37 X calvintaneng Ron90
Correct on current valuation
BUT market price itself 6 months or more ahead of time
Who knows how much Penergy will earn in another 6 months time?
Nobody knows. Only the market can tell for the time being
Market correct or not remains to be seen
BUT all the signs are there
1. Petronas chose 5 OGSE 2. Carimin, Dayang and penergy all reported increasing revenue 3. Petronas rope in 5 Banks to finance ogse players 4. Rapid in completion needs 54.7 million barrels of Crude oil 5. Earnings suddenly jumped in Dayang and Penergy balance sheet
6. If there are gathering rain clouds in the sky
Can we expect a coming shower?
7. AND SO WE INVEST WITH SOLID FACTS. FACTS BASED ON REAL LIFE CURRENTLY
Najib's brother resigned after election last year. The brother to Bustari is the ones distributing cash for BN's election campaign. He is the right hand man when comes to treasry.
Bustari Yusof: The man who quietly guides Najib's hand
"He would easily count as one of the PM's closest friends. They play golf (together) regularly and Mr Bustari often goes for holidays with the (Mr Najib's) family," noted a chief executive of a government-controlled commercial bank who knows Mr Bustari.
Mr Bustari's corporate flagship, OBYU Holdings, has extensive holdings in property and plantations in Sarawak. More recently, he has diversified into the construction, healthcare, and oil and gas exploration sectors.
Public-listed Petra Energy, in which Mr Bustari's private corporate vehicles own a collective 27.5 per cent interest, is a major beneficiary of marginal oil fields that were awarded to private players in the deep waters off Sarawak's coast.
StraitsTimes Singapore where Calvin is from reports this. Do you trust Straits Times or do you trust Calvin.
One great saying goes, "There is no movement without friction"
People are getting very jealous because you guys have picked the great Penergy and now running up very well
What pump and dump? How come Calvin got such power?
See Calvin promoted Carimin(currymee) at 39 seen. Did Calvin pumped currymee to the high of 94.5 sen?
If true then you guys better load up Penergy kaw kaw now as Calvin will do the same with Penergy
Calvin also promoted Naim the crony stock of mohb taib at 50 sen.
And Calvin so powerful to pump it 100% in just few weeks over Rm1.00?
Again if Calvin has so great ability then you guys must really hantam Penergy with all your might and put all your monies when you stand to gain the mostest...All in Penergy!!
1. Why Petronas needs to convince 5 banks to provide soft loans to O&G related companies, when they just need to issue LI..show that to any banks at Golden Triangle..berduyun2 bagi loan !!..funny thou?..unless, Petronas hv to convince them to spare money ..but why ar??..
2. Last 4 QRs, Petra lost 80 millions, this qr only untung 20, still need 60 to break even.
3. PIC does not require crude oil solely from malaysia waters la, import from Aramco and others.
so, hope Calvin can shed morel lights on the 3 question. I didnt discredit your info, its good to have healthy arguments.
But this one..sure fire..hehe..no doubt. Bustari was the most powerful man in malaysia, Jibby right-hand konco.
Public-listed Petra Energy, in which Mr Bustari's private corporate vehicles own a collective 27.5 per cent interest, is a major beneficiary of marginal oil fields that were awarded to private players in the deep waters off Sarawak's coast.
exactly, 1 profitable quarter already jumped for joy. Did you realise this is exercise for Najib's brother to release his shares. They are forging with accounts to make it look good. Calvin and his gang are just helping them. Kudos!!!
The good old days for Dayang, Petra are all gone. Still dreaming? Calvin is master of promoting cheap stocks but these are poor quality companies. Useless management. He is only good at looking a discount on NTA without consideration on its quality. His idea of making money is to look for companies with discount but most of times these are poor managed companies. Then he will promote kaw kaw, write every hour. Even his article, he is the one who comment the most - poor chap - to promote. A massive conman from Singapore. if he does that on Singapore stocks, the SGX will already come after him. Here in malaysia he is just taking advantage of people's ignorance.
Mark strongly the Calvin's words in CAPITAL LETTERS & in brackets). They are the answers
Ron90 1. Why Petronas needs to convince 5 banks to provide soft loans to O&G related companies, when they just need to issue LI..show that to any banks at Golden Triangle..berduyun2 bagi loan !!..funny thou?..unless, Petronas hv to convince them to spare money ..but why ar??..
{{{BANKS HAVE LENT TO THEIR NOSE IN BOTH HOUSE & CAR LOANS. Car dealers have complained that out of 10 sales up to 3 or 5 buyers unable to get loans. Same goes for houses in the secondary market. Out of 10 houses loan application. More than 30% are rejected.
SO SINCE 5 BAMKS AGREE TO GIVE LOANS THAT MEANS THAT OGSE IS VIABLE
2. Last 4 QRs, Petra lost 80 millions, this qr only untung 20, still need 60 to break even. (((I ALREADY REPLIED THIS SAME QUESTION: THE TURNAROUND IS PROGRESSIVE
STAGE 1) MAKE LOSSES STAGE 2) MAKE LESS LOSSES STAGE 3) MAKE SMALL PROFIT STAGE 4) MAKE MORE PROFIT STAGE 5) MAKE EVEN MORE FANTASTIC PROFIT
NOW PENERGY IS AT STAGE BETWEEN 3 & 4 . MAKE PROFIT NEITHER SMALL NOR BIG
AND BY THE TIME YOU "SEE" PENERGY MAKE FANTASTIC PROFIT YOU THINK PENERGY WILL STILL BE BELOW ONE RINGGIT?}}}
3. PIC does not require crude oil solely from malaysia waters la, import from Aramco and others.
(((DEMAND IS FOR 300,000 BARRELS. ARAMCO OLNY SUPPLIES 150,000 BARRELS OR HALF. SO PETRONAS MUST FIND THAT EXTRA 54.7 MILLION BARRELS OF CRUDE. FROM WHERE? YOU CAN'T GET IT OUT OF THIN AIR. YOU MUST PUMP IT OUT FROM OIL WELLS. AND YOU NEED OIL RIG, OIL PLATFORM, MAN POWER, TRANSPORTING VESSELS TO DO ALL THAT.))))
(((AND MORE IN RAPID THERE IS STILL PLENTY OF LANDS. ANOTHER 800 ACRES IN DIALOG HAND. WILL THERE BE REFINERY NO. 2 & REFINERY NO. 3? NEEDING EVEN MORE CRUDE OIL See even SINGAPORE HAS 3 REFINERIES Singapore Exxon Singapore Refinery (ExxonMobil), 605,000 bbl/d Singapore Refining Corporation Jurong Island Refinery (Singapore Refining Corporation), 285,000 bbl/d Shell Pulau Bukom Refinery (Royal Dutch Shell), 500,000 bbl/d))))
so, hope Calvin can shed morel lights on the 3 question. I didnt discredit your info, its good to have healthy arguments.
AND Tan Sri Bustari bought and bought Penergy shares all the way after that
So change of Govt has spurred Tan Sri Bustari to buy even more Penergy shares?
NO. His buying has nothing to do with politics
Then why did he buy so much?
Answer:
BECAUSE HE SEES PENERGY GOING TO MAKE TONNES AND TONNES FROM MONIES FROM PETRONAS NEW DEMAND FOR CRUDE OIL DUE TO COMPLETION OF PENGERANG RAPID REFINERY
1 Clearly U donno how bank works la..in fact banks keep on looking for any opportunity to provide loan..will call u day and night to get loan from them. If I got LI from Petronas, within seconds they will call u for appointment !! Petronas is a reputable company not fly by night one.
2. wrong answer. 3QR loss bigger than 2QR,
3. wrong answer gain - RAPID for regional, oil from middle east, indonesia etc..Singapore got 3 refineries But Singapore no even got a oil filed to dig. ----------- by the way, Singapore should worry big when RAPID starts production kan.. mana tahu la, next month Brunai starts sending their oil tanks..huhu.
I don mean Petra is no good, no yet hard evidence to support the rapid increase ..to avoid pump and dump..so, take profit and reduce exposure.
Honestly Calvin, Do U still hold 100%, prior to to recent gain??
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ramada
3,955 posts
Posted by ramada > 2019-03-01 11:59 | Report Abuse
One word only — unsustainable.