Posted by sarifahselinder > 2014-11-14 12:35 | Report Abuse

ni pun satu lagi si jantan yang kena hentam kuat kuat...... mati pucuk juga???

akan naik lagi??

Posted by chillicharlie > 2014-11-15 17:01 | Report Abuse

Like all oil and gas counters, downgraded by 30% from its previous high.But take note with low volume. High of 3+ and now only 2 ringgit. I believe certain traders simply traded on the shares on the back of the sliding crude oil price. good luck to them . Howevewr be guided by value. Note the NTA is 1.51 so not much room to go down

Posted by chillicharlie > 2014-11-15 17:57 | Report Abuse

Refer to Public Invest Nov 6th report for valuation. Target price 2.80+ based on existing business .Take note now KBM RSC is producing 20000+bpd , capex is expected to be fully repaid by end 2014/early 2015. and profits from the RSC to accrue and accounted in 2015. After capex paid back from KBM cluster investment, Company cashflow will be very strong. Profits for 2015 will also include maiden contribution from KBM RSC (8 years service contract ) Good level to start accumulating shares. Good luck

Posted by ericoconut > 2014-11-24 14:19 | Report Abuse

Nine-month net profit 27.886 million (increased 118.15%)

Posted by chillicharlie > 2014-11-24 15:48 | Report Abuse

This level of profits is expected and it is achieved from its traditional businesses of hook up and commissioning, topside major maintenance and offshore service vessels.However,take note in 2015 and onwards,, additional income stream from KBM RSC cluster starts as Company can only account income /remuneration fees from KBM RSC cluster after reimbursement of capex which is expected to be fully reimbursed by end of 2014 /early 2015. By then, Company will be in a very strong cash position and having recurring remuneration fees. Then we should be seeing profit levels at RM90 + million per year

Posted by Jim Sted Power > 2015-01-26 11:04 | Report Abuse

other O&G counter so hot, I think this counter wil hot soon

Posted by rlch > 2015-01-26 23:57 | Report Abuse

Underperform O&G counter, touching 52week low today despite the others does not drop that much.

Posted by Jim Sted Power > 2015-01-27 15:02 | Report Abuse

wait LTH and EPF buy back

Posted by rlch > 2015-01-27 15:38 | Report Abuse

Just 11 days ago PublicInvest give TP RM2.40 why still no energy?
http://klse.i3investor.com/servlets/ptres/27631.jsp

Posted by rlch > 2015-01-30 15:33 | Report Abuse

Why no buying support for this Najib brother and Wah Seong counter?

Posted by rlch > 2015-02-02 21:13 | Report Abuse

Oil up again. Energy to return?

Posted by Jim Sted Power > 2015-02-03 12:57 | Report Abuse

sure back to RM1.5++

Posted by r°Moi > 2015-02-04 11:01 | Report Abuse

and.... so... all the O&G counters is living happily ever after................ Yes? No? Yes? No?


or are they just doing a dead cat.... ????

Posted by Ah Ha > 2015-02-05 12:46 | Report Abuse

this public bank analyst must have brought many O&G share. Don't think their suggested TP is correct?

Posted by r°Moi > 2015-02-06 08:55 | Report Abuse

TP from PE of 16x... and oil prices at 70 per bbl..


PBB appears to still believe in Stanta Claus

Posted by rlch > 2015-02-06 09:04 | Report Abuse

HLIB give TP RM1.83. Buy.

Posted by vroompower99 > 2015-02-06 12:35 | Report Abuse

somebody keep selling non-stop from Wed. until now

Posted by r°Moi > 2015-02-06 17:24 | Report Abuse

Emmmm... only managed to get part of my queue at 1.30 yesterday : (

People jumped queue at closing with their trick... must try to master that

Posted by bullrun18 > 2015-02-08 13:08 | Report Abuse

Fly to 1.60 Tomorrow .

Posted by vroompower99 > 2015-02-09 12:50 | Report Abuse

everyday should be the same party, keep selling non-stop...

how to go up ?

maybe this party have some negative info.

can anyone share any bad news on penergy that is not announce yet ?

Posted by vroompower99 > 2015-02-13 12:31 | Report Abuse

no more selling.

selling subsided. buy now....

Posted by rlch > 2015-02-13 12:44 | Report Abuse

Yes a buy now. Oil has rebounded and Penergy is still a laggard O&G counters.

Posted by r°Moi > 2015-02-16 12:12 | Report Abuse

More than 18% gain from 1.30.... Definitely must master how to jump queue.......

Posted by r°Moi > 2015-02-16 15:51 | Report Abuse

Sold.......

To start again.. this time no more shit from queue jumpers

Posted by rlch > 2015-02-17 11:41 | Report Abuse

Oil still up. Why Penergy remain a laggard?

Posted by rlch > 2015-02-17 18:49 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1880629

Posted by r°Moi > 2015-02-18 08:19 | Report Abuse

Emmmm... only got part of what I intended to buy back... suppose to buy slowly...

Posted by beruang emas > 2015-02-18 10:29 | Report Abuse

Petra Energy Gets Umbrella Contract From Petronas Carigali
KUALA LUMPUR (Bernama) -- Petra Energy Bhd's unit, Petra Resources Sdn Bhd (PRSB), has been awarded an umbrella contract by Petronas Carigali Sdn for the provision of spot charter marine vessel services from 2015 to 2017 on a non-exclusive basis.In a filing to Bursa Malaysia, Petra Energy said the service covered.... ( more in TERAS FINANCIAL NEWS )

Posted by r°Moi > 2015-02-18 11:00 | Report Abuse

Got more this morning

Well.. suppose buying at bit higher prices is ok, important is the price is going up after you bought

Posted by rlch > 2015-02-18 21:59 | Report Abuse

Latest TP from Public Bank RM2.40. Buy for 54% upside.
http://klse.i3investor.com/servlets/ptg/5133.jsp

Posted by maxlim > 2015-02-19 21:28 | Report Abuse

Oil price dropping so much....becareful

Posted by rlch > 2015-02-20 10:37 | Report Abuse

maxlim, oil up again today. Penergy has just won O&G contract from PETRONAS Carigali for 2 years which Public Bank has yet to include in their latest RM2.40 TP.

Posted by maxlim > 2015-02-22 21:11 | Report Abuse

yeap...lastly because of usa inventory lower then expectation. so, i think the oil stay at this level or event go up for this short period

Posted by r°Moi > 2015-02-23 08:17 | Report Abuse

Similar with its normal typical purchases....

when Petronas purchases umbrella it will of course naturally be big : ) HaHa

But this is not the contract that I am in here for...

Posted by rlch > 2015-02-23 10:34 | Report Abuse

Coming today. RM1.60 breach, next RM1.70?

Posted by rlch > 2015-02-23 10:43 | Report Abuse

Najib brother is among shareholders. Expect PETRONAS contract to continue flow in even they cut capex.

Posted by r°Moi > 2015-02-23 12:10 | Report Abuse

Buy.. sit on it a bit... for big contact

Posted by r°Moi > 2015-02-23 16:05 | Report Abuse

Huat ah!!

Posted by rlch > 2015-02-24 09:19 | Report Abuse

Tabung Haji has bought before at higher price. Will they continue to buy as they want to invest more in O&G stocks now that price is low?

Posted by rlch > 2015-02-24 10:02 | Report Abuse

Penergy remain those few manage to win new PETRONAS O&G contract in current low oil price environment.

Posted by vroompower99 > 2015-02-25 12:20 | Report Abuse

after earnings announced, sell

Posted by chillicharlie > 2015-02-25 22:00 | Report Abuse

Its pleasing to note better results for 2014 and better dividend payout. Congratulations however, the Board needs to elaborate more on Company's investment in the KBM cluster. There is no mention at all in activity progress except to note that Advances to Associate company has increase to some RM 150 + million.When is this going to be repaid? From what can be read from research reports KBM cluster has already produced 4 million barrels thus far and if so Petronas, the owner of KBM would have to a large extent paid off the capex by now. Question, why no mention of activity progress even by way of note in the Accounts as this segment is part of Penergy's core business. Whisl't It can be appreciated that disclosures of KBM activities has to get prior Petronas consent, Penergy's Management need to address this obvious lack of information flow with regard to KBM activities and progress to investors. Timely informative activity report on KBM cluster investment should be made available to investors at large as they would then begin to understand value it brings to Penergy group, Notwithstanding the above lack of information flow, one must congratulate Penergy for taking on the KBM cluster investment and turning it into a great investment. Just please provide investors with timely reports on this very profitable KBM cluster investment.

Posted by r°Moi > 2015-02-26 09:31 | Report Abuse

PEnergy has not been spared by the effects of low oil prices... and has taken in the full impact in the last 3 months

Zoom in and focus on the GP%.... see how low it has gone down

If this is going to be the norm till oil prices go up... then not good lo.... Try to annualise the last 3 months and see for yourself

Posted by chillicharlie > 2015-02-26 10:34 | Report Abuse

Turnover for the Dec quarter was 221+ million and GP was 22+m. This is after providing a further 5 million for write down on inventories. Slight dent on margins noted but not too much of concern.
More interesting observation is Penergy's investment in Associate company (30%) involved in KBM cluster Risk Service Contract awarded by Petronas.
Penergy has employed RM 190 million in Investment and Loan to the Associate. This translate to 36+ % of Penergy's shareholders funds. KBM cluster it seems has already produce 4 million barrels thus far. As its a major and significant investment by Penergy, why the Management's deafening silence vis a vis information with regard to the business progress on this KBM cluster investment. Perhaps its about time Penergy sets up an Investors Relationship Dept to handle corporate issues.

Posted by r°Moi > 2015-02-26 12:18 | Report Abuse

Due to low oil prices... Petronas has no doubt started asking for discount way back wef Oct 2014


Pernegy's GP% has dropped by about 31% due to lower rates.... 31% is for sure a big blow for months years to come


Low oil prices will also make the recovery of capex for KBM slower... and delay its contribution... for how long more need to wait? ???

Posted by rlch > 2015-02-26 12:28 | Report Abuse

TP RM1.93 by RHB. More realistic than PBB, I think.
http://klse.i3investor.com/blogs/rhb/71222.jsp

Posted by rlch > 2015-02-26 12:49 | Report Abuse

TP RM 1.88 by PublicInvest.
http://klse.i3investor.com/blogs/PublicInvest/71234.jsp

Posted by yennie1125 > 2015-02-28 10:57 | Report Abuse

this counter still undervalue and cheap if compare to other o&g counter . i predict oil will go slowly up day by day and stable 68 to 70 .don't miss the change,goodluck

Posted by rlch > 2015-03-01 16:30 | Report Abuse

Some news in latest Edge.(No indication of a halt to risk service contracts).

Posted by rlch > 2015-03-04 08:57 | Report Abuse

2sen dividend coming and so far 3 research houses this year have average 20% TP higher than RM1.56.