Petra Energy Bhd is an investment holding company providing a comprehensive range of brownfield services to the upstream oil and gas industry in Malaysia. It operates through services, marine assets, and production and development and production departments. The company provides building commissioning and maintenance, engineering, operations and maintenance, oilfield optimization, retrofitting, domestic ship re-leasing, geophysical, design and process equipment manufacturing services; packaging and supply engineering equipment, as well as project management, procurement and logistics services. Penergy 5133: ~ Estimated 2019 eps = 16 sen, pe = 10 times, stock price = RM1.60 ~The company has 94.3M in cash as of 31/12/2018 Borrowing is 123.5M Net borrowing is 29.2M It is a good stock balance in the upstream oil and gas service stocks. ~ The investment bank has collected enough oceans and started to pull up. It will lead oil and gas stocks, such as penergy, carimin, to buy in the industry recovery period, and the performance will be worth seeing. ~Penergy is not subject to debt interference and the number of shares is small, and the best trend and easy rise in oil and gas stocks. ~ The latest quarterly report in the last quarter of 2018 earned up to 10.8% (20.88 million / 191.8 million) ~2019 Q1.Q2.Q3 and last year's comparative performance will be greatly improved, it is likely to resume dividends, the company's oil and gas stocks expected to become net cash within 18 months, the fundamentals are strong. Do not buy when (RM1.07). ~ Buying shares is to look at the company's future net profit prospects. The recent Q4 performance earned 10.8% and the turnover was RM191 million. Conservatively take RM150 million, 2019 for the whole year, 150 million ✘ 4 = 600 million MYR, and earn 8%, net profit is 48M The number of shares of the company is 321.750m. 48m/321.750m=EPS is 14.9 cents Take pe10 times, reasonable price = RM1.49 Personal sharing, buying and selling.
Petra Energy to acquire more marine fleet by Aziz Hassan BINTULU: Sarawak-based Petra Energy Berhad is looking at buying more work barges, work boats and supply vessels to support its increasing role in the offshore brown field work, particularly in the oil and gas hubs in Sabah and Sarawak.
Executive director and chief operating officer Ahmadi Yusoff said the proposed aquisitions will be premised on a right mix of vessel portfolio and growing opportunities in offshore oil and gas operations. The company’s current fleet comprises three workbarges and two work boats.
He told a media briefing in conjunction with the Kumang cluster onshore tie-in facilities handing over ceremony here last night that the project, involving procurement, construction and commissioning of the tie-in at the Malaysia LNG Sdn. Bhd. SC-2 and Bintulu integrated facilities onshore upgrading and modifications, was completed ahead of schedule on August 30.
In recognition of its health safety and environment standards, Petra Energy received accolades from Petronas Carigali and MLNG for 835,000 safe manhours achievement for the project earlier this month.
Ahmadi, who has been instrumental in the turnabout operations at the Kumang project office, said that currently the group’s major contracts include the hook-up construction and commissioning (HUCC) contract for Petronas Carigali awarded last December.
Another is the Sabah/Sarawak HUCC and major maintenance contract awarded in late 2008.
According to Ahmadi, the company’s immediate priority was to focus on onshore brown field opportunities in Sabah and Sarawak like in Kimanis (Sabah), Labuan and Bintulu as well as developing hubs in Peninsular Malaysia as part of its expansion plans.
These include opportunities in areas of topside major maintenance and construction; hook-up and commissioning in the immediate and short-term besides marginal and small field redevelopment in the medium to long term.
“We also see strong growth potential in fabrications work for the oil and gas industry,” he said, adding that Petra Energy has established a collaboration with Labuan Shipyard and Engineering to undertake minor and major fabrication works and had acquired a facility in Tanjung Kidurong here.
The two new yards will complement its current fabrication facilities in Shah Alam and Labuan.
On human capital needs, Ahmadi said the company, currently supported by a professional, technical and contract workforce of about 2,600, will continue to grow its human capital portfolio in the core business areas.
At present it is working closely with the Dayak Chamber of Commerce and Industry of Sarawak to assist in youth development, especially in skills training programme. At the same time Petra Energy plans to reinforce its partnerships and collaboration with all oil and gas majors in the industry. — Bernama
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures surged to a new high for the year this week. The markets are being underpinned by the OPEC-led production cuts and the U.S. sanctions against Iran and Venezuela, which have helped tighten the global supply. However, Friday’s spike to the upside is likely being fueled by increased demand for risky assets and firmer U.S. Treasury yields, which have dampened concerns over a U.S. recession later in the year. The catalyst behind the price action is the optimism created by the resumption of the trade negotiations between the United States and China.
Strong First Quarter Performance
Crude oil is set to post its biggest first quarter gain in 10-years. Additionally, WTI futures are in a position to rise for a fourth straight week and are set for a first quarter gain of 31 percent. Brent futures are set to post a gain of 27 percent for the first quarter.
CNBC says, “For both futures contracts, the first quarter 2019 is the best performing quarter since the second quarter of 2009 when both gained about 40 percent.”
Er Kong seng: 多项提案 描述PETRA ENERGY BERHAD(“PEB”或“公司”) (I)建议更新现有股东授权以回收收益或交易性质的相关方交易; (II)建议续签本公司购买其自有股份的授权;和 (III)建议采纳本公司的新章程 PEB董事会希望在即将于2019年5月23日召开的本公司第十三届年度股东大会上寻求股东批准以下提案: -
(i)建议续订现有股东对收益或交易性质的经常性关联方交易的授权;
(ii)建议续订本公司购买其本身股份的权力;和
(iii)建议采纳本公司新章程。
(统称为“提案”)
向股东发出的通函/声明载列有关上述建议的详情,将于适当时候寄发予股东。
本公告日期为2019年4月2日。
MULTIPLE PROPOSALS Description PETRA ENERGY BERHAD ("PEB" OR "THE COMPANY") (I) PROPOSED RENEWAL OF EXISTING SHAREHOLDER MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE; (II) PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES; AND (III) PROPOSED ADOPTION OF A NEW CONSTITUTION OF THE COMPANY The Board of Directors of PEB wishes to seek shareholders’ approval for the following Proposals at the forthcoming Thirteenth Annual General Meeting of the Company to be convened on 23 May 2019:-
(i) Proposed Renewal of Existing Shareholder Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature;
(ii) Proposed Renewal of Authority for the Company to Purchase Its Own Shares; and
(iii) Proposed Adoption of a New Constitution of the Company.
(Collectively referred to as "the Proposals")
A Circular/Statement to Shareholders which sets out details on the abovementioned Proposals will be despatched to the shareholders in due course.
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....
8888_
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Posted by 8888_ > 2019-03-27 10:59 | Report Abuse
Brent USD 68 so Mar'19 even better qtr for Penergy?