Posted by DCang Akino > 2022-03-10 10:28 | Report Abuse

The war would drag for a long time. Penergy would go back to 0.95 in the near future.

Posted by bullmarket1628 > 2022-03-22 07:26 | Report Abuse

Oil Prices Jump As European Countries Consider Banning Russian Crude
By Tsvetana Paraskova - Mar 21, 2022, 9:00 AM CDT

https://www.google.com/amp/s/oilprice.com/Energy/Oil-Prices/Oil-Prices-Jump-As-European-Countries-Consider-Banning-Russian-Crude.amp.html

Oil prices rallied early on Monday amid EU consultations about potentially joining the U.S. in banning imports of Russian oil.
As of 7:45 a.m. ET on Monday, WTI Crude was up 3.87% at $108.91 and Brent Crude was trading up 3.93% at $112.30. 

Posted by virginvin > 2022-03-22 12:28 | Report Abuse

exercise day.oh yeah

Posted by bullmarket1628 > 2022-03-24 07:06 | Report Abuse

Oil jumps 5% as Caspian pipeline disruption adds to supply fears
By David Gaffen
March 24, 20223:17 AM GMT+8
Last Updated 4 hours ago. Energy

https://www.reuters.com/business/energy/oil-prices-resume-climb-after-us-stockpiles-drop-tight-market-2022-03-23/

NEW YORK, March 23 (Reuters) - Oil prices jumped 5% to over $121 a barrel on Wednesday as disruptions to Russian and Kazakh crude exports via the Caspian Pipeline Consortium (CPC) pipeline added to worries over tight global supplies.
The situation adds to market worries about the ripple effect of heavy sanctions on Russia, the world's second-largest crude exporter, after its invasion of Ukraine.
The CPC pipeline is a significant supply line for global markets, carrying around 1.2 million barrels per day of Kazakhstan's main crude grade, or 1.2% of global demand.

Brent crude futures settled up $6.12, or 5.3%, to $121.60, while U.S. West Texas Intermediate (WTI) crude futures rose $5.66, or 5.2%, to $114.93 a barrel.
Oil benchmarks have been steadily rallying since Russia invaded Ukraine a month ago in what it calls a "special operation" and United States and its allies slapped heavy sanctions on that nation, disrupting worldwide oil trade.
Russia exports between 4 million and 5 million barrels of crude every day, making it the world's second-largest exporter behind Saudi Arabia. Analysts have varying estimates of how much oil will be unable to make it to market.

Posted by DCang Akino > 2022-04-13 19:55 | Report Abuse

Penergy is seeking shareholders mandate to buy back it own shares in the coming May AGM.

Posted by virust > 2022-05-07 07:24 | Report Abuse

What happened when crude oil price keep going up?

Upstream O&G – pure upstream player Hibiscs is the first beneficiary in near term and share price already up more than 100%.

Downstream O&G – Hengyuan, PetronM and Petdag started to augur some profit as the rise of oil product spread price. Those share prices up 20 to 50% and need to take note that both Hengyuan and PetronM is pure downstream player.

O&G service provider – Dayang, Waseong, Penergy, Deleum, Uzma, Carimin and RL will be the last beneficiary with promising contract awarded from PETRONAS. Those share prices is on the move.

We are on the USD100++ Crude oil era which happened 10yrs ago couple with high inflation

Posted by bullmarket1628 > 2022-05-17 10:38 | Report Abuse

I think now O & G counters start booming is because the election is coming soon, market has to be hot hot only people can vote them to Win...

For those party whom can make market spike up like as 1990-1997 crazy hot stock market period, I will vote he/she Win !

Heng ah, Ong ah, Huat ah !

Posted by mrcrab > 2022-05-22 08:06 | Report Abuse

Bad quarter

Posted by DCang Akino > 2022-05-23 09:02 | Report Abuse

Very bad Q result !

Posted by DCang Akino > 2022-05-23 11:25 | Report Abuse

Lari kuat-kuat ！

Posted by DCang Akino > 2022-05-26 19:46 | Report Abuse

Very cheap liao ! Sapu kuat-kuat !

Posted by freddiehero > 2022-05-26 20:31 | Report Abuse

mana boleh begitu..

Posted by DCang Akino > 2022-05-27 08:13 | Report Abuse

Up again Brent Crude Oil : 117.61 now !

Posted by DCang Akino > 2022-05-31 11:31 | Report Abuse

Brent Crude Oil price up again : 122.63 ! Heng Ong Huat Tan !

Posted by DCang Akino > 2022-06-04 08:02 | Report Abuse

Brent Crude Oil : Up 121.08 again ! Penergy Ji Bai Ho Se Liao !

Posted by DCang Akino > 2022-06-08 14:04 | Report Abuse

Brent Crude Oil up again: 121.17 ! Ji Bai Ho Se Liao !

Posted by DCang Akino > 2022-06-08 18:58 | Report Abuse

Brent Crude Oil up again : 122.06 now !

Posted by bullmarket1628 > 2022-06-10 07:06 | Report Abuse

Petronas ups annual capex to RM60 bil, makes first allocation for clean energy
SyafiqahSalim/theedgemarkets.com
June 09, 2022 16:20 pm +08

https://www.theedgemarkets.com/article/petronas-plans-rm60b-capex-2022-says-group-cfo

KUALA LUMPUR (June 9): Petroliam Nasional Bhd (Petronas) is allocating about RM60 billion for capital expenditure (capex) in financial year ending Dec 31, 2022 (FY22) compared with RM30.5 billion a year earlier as the Malaysian national oil company prepares for the resumption of business activities, which were earlier disrupted by Covid-19-driven movement restrictions, and as the group sets aside money for clean energy or non-hydrocarbon-related ventures.
"This year, we expect to almost double that [capex] amount which is RM60 billion, because of catch-up and the return of [business] activities. This is also the time we have to make inroads in some material steps into the non-hydrocarbon side of things," Petronas chief financial officer Liza Mustapha said on Thursday (June 9) at the MIDF Conversations event, which was held virtually.
MIDF group managing director Datuk Charon Mokhzani was the moderator for the event.
Liza said that out of Petronas' planned RM60 billion capex allocation for FY22, about RM40 billion has been earmarked for the oil and gas business besides non-hydrocarbon–related operations while the balance of the capex allocation has been earmarked to finance Petronas Chemicals Group Bhd's (PetChem) wholly-owned subsidiary Petronas Chemicals International B.V. (PCIBV) proposed acquisition of the entire stake in Sweden-based specialty chemicals group Perstorp Holding AB for €1.54 billion (about RM7.02 billion) from Financiere Foret S.A.R.L.
Petronas owns a 64.35% stake in PetChem, according to PetChem's latest annual report.
Looking ahead, Liza said non-hydrocarbon-related income is expected to account for about 30% of Petronas' revenue.
"[About] 30% of our revenue should be coming from something which is not related to hydrocarbons.
"We have to factor in [business] growth, otherwise, we will not be able to manage the energy transition and we will miss our target of achieving [net] zero [carbon] emissions by 2050," she said.
According to her, about 10% of Petronas' RM60 billion capex allocation for FY22 will be earmarked for non-traditional businesses such as specialty chemicals and solar energy.
"Previously, I think there was never a plan on what rate it should be [for the clean energy segment] because there was no allocation from the top. So, it didn't really take off.
"So, we need to rethink our decision on the capital allocation [for the clean energy segment] and put it aside, because if we leave it at that and let them go with the flow, we are going to be a year behind the target again," she said.
Petronas' financials improved in 1QFY22. In a statement on May 31, 2022, Petronas said profit after tax rose to RM23.44 billion in 1QFY22 from RM9.22 billion a year earlier while revenue climbed to RM78.75 billion from RM52.55 billion.
"Despite favourable [first quarter] performance, the high oil and gas prices are expected to remain vulnerable with increased volatility due to geopolitical and macro-economic uncertainties.
"Petronas will continue to strengthen our operational excellence to maximise value creation whilst intensifying our growth and sustainability agenda in Malaysia and internationally,” the company said.

Edited By: Chong Jin Hun

Posted by DCang Akino > 2022-06-10 19:49 | Report Abuse

Brent Crude Oil up again : 124.26 now !

Posted by bullmarket1628 > 2022-06-12 16:42 | Report Abuse

南详商报。财经新闻
传Icon岸外拟购沙布拉能源资产
2022年06月11日

https://www.enanyang.my/财经新闻/传icon岸外拟购沙布拉能源资产

（吉隆坡11日讯）Icon岸外（ICON，5255，主板能源股）将成为新一个沙布拉能源（SAPNRG，5218，主板能源股）的拯救者？
根据财经周刊《The Edge》报道，Icon岸外有意接手，沙布拉能源在联营的沙布拉贝克休斯（Sapura Baker Hughes TPS）手持的51%股权。

Icon岸外和沙布拉能源并未否认此收购计划。

已经陷入PN17、急需重组的沙布拉能源，在回应《The Edge》时直言：“作为重组计划，我们在重审所有资产和业务，包括沙布拉贝克休斯。”
Icon岸外则回应指，该集团一直不断找寻强化自身能力，和为所提供服务增值的机会。

“现在的财务状况，让我们有着强劲地位去追求一些有价值的并购活动。”
沙布拉贝克休斯是沙布拉能源与美国油气巨头贝克休斯，以51：49方式联营的油气服务公司，并负责为国家石油的浮动液化天然气设施提供维修服务。
报道特别称，这家联营公司是沙布拉能源“较成功的一个单位”；截至2021年1月财年，这家公司拥有超过2亿令吉资产，以及约1.58亿令吉负债，并获得3785万令吉税后净利。

Posted by HK_Wealth_Management > 2022-07-06 09:25 | Report Abuse

All the Oil and Gas company do not believe Crude Oil can be pushed down by Dollar due to supply chain totally broken from Russia, they keep buy the the Crude Oil future instead of hedging/sell the price cause them having huge loss from Crude Oil future, Do you think FED able to control the Crude Oil price directly or indirectly ? the truth proof that it can be.

Posted by bullmarket1628 > 2022-08-23 11:41 |

Post removed.Why?

Posted by bullmarket1628 > 2022-09-26 17:44 | Report Abuse

Tommorrow once the Donbast referendum being passed, then Russia will annexed those 4 Donbast regions from Ukraine, then will start war between Russia and Europe, then oil price will spike up to above USD $120 again !

Then all the O & G counters will spike up to sky high especially Penergy's price will break above RM1.00

Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-09-28 07:01 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-04 08:08 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-05 07:43 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-05 07:44 | Report Abuse

Oil prices could soon return to $100 as OPEC+ considers ‘historic’ cut, analysts say
PUBLISHED MON, OCT 3 2022 6:43 AM EDT

Lee Ying Shan @LEEYINGSHAN
Sam Meredith @SMEREDITH19

https://www.cnbc.com/amp/2022/10/03/opec-oil-prices-could-soon-return-to-100-a-barrel-analysts-say.html

KEY POINTS
* OPEC and non-OPEC producers, a group often referred to as OPEC+, will meet in Vienna, Austria on Wednesday to decide on the next phase of production policy.
* The oil cartel and its allies are considering an output cut of more than a million barrels per day, according to OPEC+ sources who spoke to Reuters.
* "The OPEC ministers are not going to come to Austria for the first time in two years to do nothing. So there's going to be a cut of some historic kind," said Dan Pickering, CIO of Pickering Energy Partners.

Posted by bullmarket1628 > 2022-10-06 07:18 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-06 07:42 | Report Abuse

White House Disappointed With OPEC’s ‘Shortsighted’ Decision
By Charles Kennedy - Oct 05, 2022, 12:00 PM CDT

https://oilprice.com/Energy/Energy-General/White-House-Disappointed-With-OPECs-Shortsighted-Decision.amp.html

A White House statement following the OPEC+ decision to defy the Biden administration with an output cut for November vows to find new ways to temper OPEC’s control over energy prices. 

Earlier on Wednesday, members of OPEC+ said they would cut November production quotas by 2 million bpd, citing the “uncertainty that surrounds the global economic and oil market outlooks”. 

The decision immediately led to a more than 2% increase in Brent crude and WTI prices and goes directly against the Biden administration’s attempts to lobby Saudi Arabia for higher production to bring prices down. 

Shortly after the release of an OPEC+ press release detailing the output cuts, the White House said, “In light of today's action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC's control over energy prices.”

Posted by bullmarket1628 > 2022-10-07 07:12 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-08 07:37 |

Post removed.Why?

Posted by faridfet > 2022-12-01 11:18 | Report Abuse

Congrats GPS Sarawak. Congrats PBB Sarawak.

Posted by 8888_ > 2022-12-05 03:22 | Report Abuse

Fadillah Yusof TPM. Finally can Penergy move above RM 1 like Dayang?

Posted by virust > 2022-12-05 06:03 | Report Abuse

Penergy already up 30% after election. Cash rich company of 110mil while market cap 270mil and can wait for Block SK433 in Miri which operated by company started to produce oil next year.

Posted by 8888_ > 2022-12-05 10:14 | Report Abuse

You operator? Dayang up so much can even QR less good than Penergy?

Posted by 8888_ > 2022-12-05 10:24 | Report Abuse

Maybe I should propose Anwar to change EPF, TH CEO also? Don't blame me if current EPF, KWAP, TH, PNB CEO lose job haha.

Posted by 8888_ > 2022-12-05 10:31 | Report Abuse

Dayang latest QR EPS only 4.57 sen and dividend 1.5 sen why RM 1.36 can also less than Penergy 2 sen and EPS 7.57 sen.

Posted by 8888_ > 2022-12-05 10:33 | Report Abuse

1st Jan 2023 EPF, TH new CEO; only Penergy >RM 1?

Posted by fooming > 2022-12-05 11:22 | Report Abuse

Demand is probably heading south again in China given what's going on," he said. "I think the key point with China right now is the risk that you get a forced reopening. That means it'll be self-imposed lockdowns where people don't want to get on trains, don't want to get to work and demand goes further south

Posted by 8888_ > 2022-12-05 11:56 | Report Abuse

Anwar must go only Penergy >RM 1?

Posted by chongwee > 2022-12-07 09:00 | Report Abuse

Counter is gathering strength...

Posted by Kedahan > 2022-12-07 09:14 | Report Abuse

Down today is truth.

Posted by Change_ > 2022-12-08 10:43 | Report Abuse

Bursa, EPF, TH CEO no change? Then PM must change.

Posted by sarawakian63 > 2022-12-19 11:31 | Report Abuse

Fadillah Yusof DPM if no support Anwar can Anwar be PM10?

Posted by fregend > 2023-01-04 09:30 | Report Abuse

Good news but no volume as usual

Posted by yewyin33 > 2023-01-06 08:30 | Report Abuse

Petra Energy is providing maintenance and other services to Petronas oil rigs. Even if oil price drops, Petronas will continue to pump oil and require maintenance by Petra Energy. As a result, it will continue to report increasing profit in the next many quarters.

Posted by yewyin33 > 2023-01-06 08:32 | Report Abuse

You must read my articles to make money, Koon Yew Yin

Posted by pang72 > 2023-01-11 18:43 | Report Abuse

Uncle is right. PENERGY is underrated now... 90c nia...

Posted by pang72 > 2023-01-11 18:44 | Report Abuse

If 28c p. A with Pe10 will be rm2. 80..

Every one HUAT huat rabbits year!!

Posted by pang72 > 2023-01-11 20:57 | Report Abuse

Petra Energy, an oil and gas company involved in providing a range of integrated brownfield services for upstream oil and gas industry in Malaysia, is 29.04 per cent-owned by Shorefield Resources Sdn Bhd, a private investment vehicle of Tan Sri Bustari Yusof.

Bustari is the brother of Fadillah