As most O&G stocks like Carimin, Naim, Dayang & Penergy have gone up 100% to 200% from its lows Raider has unearthed another Great O&G Stock yet to run up
That Stock is Sapnrg.
At Its early days of IPO (2013 to 2014) Sapnrg O&G Was As High As Rm7.00
But in Year 2014 Due to Brent Crude Oil price crashed to a low of USD27 Petronas cut down from 39 Oil Rigs to only 14 Oil Rigs
As a result Sapnrg 0&G business contracted & its share price collapsed all the way till now (Sapnrg was later sold to Amanah Saham Bumi)
AND NOW THESE ARE SOME VERY GOOD TURNING POINTS FOR Sapnrg
1) PETRONAS HAS INCREASED UPSTREAM EXPENSE FROM RM11.5 BILLIONS (2018) TO RM15 BILLIONS (2019) THIS YEAR
That means that there will be EXTRA 30% CASH INFUSION INTO UPSTREAM O&G ACTIVITIES
CARIMIN, DAYANG, PENERGY, BINTULU PORT HAVE SEEN INCREASING REVENUES DUE TO O&G ACTIVITIES FOR YEAR 2018. AND GOING INTO YEAR 2019 IT WILL SEE EVEN MORE ACTIVITIES
All Due to these Factors
2)) Brent Crude Price has gone back up above USD65.00 per barrel
SO IT IS VIABLE TO EXTRACT MORE OIL
3) Govt wants more Dividend from Petronas (Currently Petronas gave Rm24 Billions usual dividend PLUS A Special Dividends of RM30 Billions = Total Rm54 BILLIONS)
4) RAPID REFINERY In Completion also require EXTRA 54.7 MILLION BARRELS OF CRUDE YEARLY So all these Converging Factors Have Fired Up O&G Stocks
5) Sapuranrg HAS RECEIVED 6 JOB AWARDS SINCE YEAR 2018
Making a Very Good Track Record of securing over Rm 5 Billion Ringgit Revenue for Year 2018 & 2019 And More Jobs going into Year 2019 as PETRONAS IS STEPPING UP OIL EXPLORATION. At the moment sapnrg got rm 16 billion order books in hand.
6) SEEING SUCH GOOD PROSPECTS PNB BUMI HAS BOUGHT More sapnrg raising their stake from 12% to 48% injecting about Rm 2 billion loh...!!
7) ALTHOUGH Sapnrg HAS 16 BILLION SHARES ITS TOP 30 HOLDERS ARE AMANAH SAHAM BUMI, PNB & TOP LOCAL & FOREIGN FUNDS 80% ARE OWNED BY THESE STRONG HOLDERS. Only 4 billion shares are in freefloat.
8) SINCE PENERGY, CARIMIN & DAYANG HAVE ALREADY RUN UP SO MUCH IN PRICE IT IS A WISE STRATEGY TO TAKE SOME PROFITS IN THESE & BUY SOME LAGGARD Sapnrg.
9) Sapnrg COULD BE ANOTHER DAYANG OR A HIDDEN GEM...raider has estimated it overtake Pchem mkt capitalization in 3 yrs time loh..!!
10) JUST LIKE NAIM WAS SOLD DOWN TO 45 SEN AFTER CAPITAL EXERCISE Sapnrg HAS ALSO BEEN SOLD DOWN TO ONLY 23.5 SEN (DUE TO CAPITAL EXERCISE RECENTLY)
Share just like NAIM AT 50 SEN. NAIM REACHED RM1.00 FOR 100% UPSIDE RECENTLY
SO Sapnrg IS NOW 32 SEN
WHAT IS THE TARGET PRICE FOR Sapnrg?
Raider HAS A 3 YEAR TARGET PRICE FOR Sapnrg AT RM 3.00 loh...!!
ya..but for our market..people buy on hype..they dont even know what they are buying..n sadly..they dont even know why they are selling...they just like quock bucks...and also quick losses
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....
Goldensnow
285 posts
Posted by Goldensnow > 2019-03-12 15:13 | Report Abuse
Penergy slowed down even with oil prices up?