For the last two and half year, very few exploration project where conducted world wide including Malaysia due to less investment budget and low oil price. Now that oil price show bullish sign since a month now, many international and national O&G company need to restart their exploration and drilling activity and tberefore Drilling rigs like P102 and P103 most likely to get a continuation contract based on lease or even purshase basis,, I dont think Perisai will give up easaly on those two new rigs...he already have a contract with Petronas for the first one, now these two may get same approach...
Brent oil price even higher, closed at record hight since 2015, now stand at 59.02 usd,, this give more opportunity to Perisai to increase the chance of having new contract or extending current contracts.
Hi B4B4, nice to see you here, intrested, 0.05 is a good price, however you need to queu alot to catch is, you can try, if not perhaps 0.055 still safe.
perisai has 4 oil rigs... even if they lelong at 250m per rig...total they will get 1b. today perisai mkt cap is around 64m ringgit. So u think tabong haji as major shareholder will want this bger to go bust? by the way...we are talking about 1 billion USD.
still remember those days when at prime, this counter sky rocketed like there is no tomorrow. 1.4/ 1.5..then come the bastards of shale players, OPEC trapping us here!
Yes, same operators, keep selling miserable 5 ringgit budget to get it down every time it move up.. well other tryed alot in Hibiscus and failed dramatically, when there is appetite, you can't stop us..
whether it goes up or down its just a guessing game...the fact remains that they have 4 rigs @ usd 1b at least. enuf to pare down its debts and pay off everyone?
Perisai have rig 101 wich is contracted to Petronas for two years for a value of 47 milion usd. also he suppose to take over two new rigs 102 & 103 but he did not do that . yet.. also he own a MODU and one FPSO Kamelia and couple of Supply boats..etc.....anything else anyone know..?
As i know both newly built PP102 and 103 only cost perisai USD400 billion ,each for usd200 million..Ur lelong price of USD250 million per rig for used rigs is higher than new one.
What lextcs said is not a news. So there is no bad or good news.ur sentences seems Thr is a very true news tat perisai lelong their rigs.make ppl misunderstood easily man.
Lextcs pun misleading. Since when perisai got 4 oil rigs? Only got PP101 and MOPU currently. PP102 and PP103 contract already terminated by PPL shipyard.Newly build PP102 and PP103 only cost USD200 million each. Then how can be lelong price(like lextcs siad if lelong) can be USD 250 million since the new one only USD 200 million.
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....
GM68
1,581 posts
Posted by GM68 > 2017-09-25 16:05 | Report Abuse
http://www.nasdaq.com/article/oil-price-fundamental-weekly-forecast-8211-bullish-traders-will-decide-whether-to-buy-strength-or-weakness-cm850115