Posted by ITreeinvestor > 2023-12-13 18:08 | Report Abuse

Fresh FPSO front-runner emerges for challenging TotalEnergies Angola project

https://www.upstreamonline.com/exclusive/fresh-fpso-front-runner-emerges-for-challenging-totalenergies-angola-project/2-1-1566991

Posted by rohank71 > 2023-12-14 00:07 | Report Abuse

Oil going lower, dragging BA lower. Instead of seeing BA price, better see Oil price. I don't think this fall is operation driven, i.e., ASV. More like BA prices falls = Oil price fall.

Posted by RayLee > 2023-12-14 15:09 | Report Abuse

Oil market is controlled by US now ... see when they are going to release some good news and make their oil companies make big bucks

Posted by Sslee > 2023-12-16 10:21 | Report Abuse

Armada at RM 0.51
Price/NAPS is 0.51
Annualized PE based on last two quarters EPS is 5.09
Will still perform well for next 6 months ROI.

Posted by rohank71 > 2023-12-17 02:54 | Report Abuse

Best to value Armada on DCF valuation as it's not an infinite life bz. Each of its 4 FPSO has its own life... all depends if something new happens. If nothing new, they just return the net cash balance to shareholders. (Potential 1.50 to 2.50 over next 4 to 10 yrs). CGS Analyst report has the numbers. AK already old better let current contracts expire and close shop. All JVs sell to Indian Partners.

Akai, is a surprise.. but let's see if there will be any development in the near term.

Posted by RayLee > 2023-12-19 11:17 | Report Abuse

Hong Leong Investment Bank (HLIB) Bhd has maintained its "overweight" call on the oil and gas (O&G) sector, as the research firm anticipates that oil price will persist within the range of US$85-US$80 per barrel in 2024.
https://klse.i3investor.com/web/pricetarget/research/69947

Posted by nikicheong > 2023-12-19 17:59 | Report Abuse

From checks with my sources, Armada Sterling V is being repaired. One faulty pump is being replaced while another will arrive by the end of this week.

Tentatively, they're looking at attempting first oil in the 2nd week of January 2024.

Take everything with a large pinch of salt (yet keep your fingers crossed at the same time) as the project has been beset with never ending delays.

Posted by RISK8888 > 2023-12-20 09:07 | Report Abuse

Wow good news! Buy now at low price sell when first oil confirm!

Posted by Macgyver11 > 2023-12-20 12:45 | Report Abuse

Long-time hedge fund manager, Doug Kass give bold oil price prediction for year 2024. Doug Kass got 40 years experience in this field and former research Director for Leon Cooperman's omega advisors.....

Kass's outlook suggests that the U.S. will experience sluggish growth rather than a recession. If so, oil demand will stabilize, making the market more vulnerable to geopolitical uncertainty, including Presidential election-year saber-rattling by North Korea, China, and the Middle East.

"With Russia and Saudi Arabia conspiring on production cuts, the price of oil exceeds $110/barrel, and the price of a gallon of gasoline in the U.S. approaches $6," warns Kass.

A possible oil price increase to $110 or more wouldn't be good news for consumers' wallets, but oil companies would welcome it.

In 2023, oil exploration and production companies' financial results were hampered by lower prices and tough year-over-year comparisons to 2022, when prices and profitability were high. If Kass is correct, the opposite could be true in 2024. A resurgence in prices and easier 2023 comparisons could make oil stocks big winners next year.

Posted by Justaboylearning > 2023-12-20 15:44 | Report Abuse

So much resistance at 0.52

Posted by RayLee > 2023-12-21 11:03 | Report Abuse

Is it possible for oil price to go up to $110/barrel again...? Personally, I think it's very hard

Posted by Macgyver11 > 2023-12-21 12:21 | Report Abuse

I think possibility is there...for 100pb

Posted by Macgyver11 > 2023-12-21 12:24 | Report Abuse

Something interesting caught my eye when I read last paragraph of this news. Saudi and Russia want Joe Biden out in next presidential election. Donald Trump is in favourable now.

"I think OPEC members like Saudi Arabia and allies like Russia would prefer to see Donald Trump reelected, and they may therefore try to drive prices up ahead of the election. It will be harder for President Biden to win reelection if gasoline prices are skyrocketing ahead of the election, so this will be something to watch in 2024".

We might see higher crude oil price in 2024. Higher CO price mean higher DC rate. Higher DC rate good for O&G.

Posted by stainlyho37 > 2023-12-21 15:23 | Report Abuse

watch out Armada....!!

Posted by stainlyho37 > 2023-12-21 15:30 | Report Abuse

extreme winter for the past week...again oil surge..!!!??

Posted by myongcc5 > 2023-12-24 10:22 | Report Abuse

Merry Christmas. God bless all of you.

Posted by eugenewong794 > 2023-12-24 10:50 | Report Abuse

Higher crude oil prices might be good for this stock but its bad for inflation which central banks have been trying to bring down by raising interest rates, as well as bad for malaysia, cos of subsidised petrol, so higher crude oil prices might lead to inflation increasing which means interest rate staying higher for longer, hope the red sea incident gets resolved, either way investing in O&G is a good hedge against inflation

Posted by DickyMe > 2023-12-24 11:49 | Report Abuse

Maybe, but not for long period.
Economy will be at stake when price increase and demand drops, which is an automatic reaction. When contraction happens every other activities shrink to fit demand of the time.
Hence, unemployment is certain and circulation of money shrinks. Domino effect!

Posted by Mabel > 2023-12-24 21:38 | Report Abuse

Haha don't worry...Santa is cuming to town..

NEW YORK (Dec 23): Wall Street is counting on the so-called Santa Claus Rally to bring record highs as markets close out 2023 with strong gains. The S&P 500 is up over 4% in December alone and has risen 24% this year, bringing it within 1% of a new all-time high. The benchmark index is also on track for its eighth straight positive week.

If history is any indication, that momentum is likely to continue in the short term. The end of the year tends to be a strong period for stocks, a phenomenon dubbed the “Santa Claus Rally”. The S&P 500 on average has gained 1.3% in the last five days of December and first two days of January, according to data from the Stock Trader's Almanac going back to 1969. Those gains have been pinned on reasons varying from buying before the new year following tax-related sales to general holiday hopefulness.

This year, optimism is high. The Federal Reserve (Fed) surprised investors earlier in December by signaling that its historic monetary policy tightening is likely over and projecting rate cuts into 2024, following signs that inflation is continuing to moderate. Data on Friday supported that trend, showing annual US inflation, as measured by the personal consumption expenditures price index, slowed further below 3% in November.

Bursa Malaysia is anticipated to stage a rebound next week, buoyed by continuous support from foreign funds and improving economic conditions. From a technical perspective, the FTSE Bursa Malaysia KLCI (FBM KLCI) failed to surpass the critical resistance level of 1,465 despite a few attempts, followed by four consecutive days of decline and broke below the 20-day exponential moving average (EMA) on Friday. However, as the index has managed to hold above its 50-day EMA, the odds of an upside move are increasing. Hence, we believe the benchmark index is still in a consolidation mode with a slight positive bias.

As such, we anticipate the benchmark index to trend within the 1,450-1,470 range for next week, with immediate support at 1,450 followed by 1,440. On a Friday-to-Friday basis, the FBM KLCI fell 7.87 points to end the week at 1,454.38 versus 1,462.25 a week ago.

Meow

Posted by RayLee > 2023-12-26 11:01 | Report Abuse

Seems like OPEC is slowly losing control of the oil market ...

https://www.moneycontrol.com/news/business/commodities/crude-oil-prices-hover-below-80bbl-amid-angolas-opec-exit-decision-higher-crude-output-11953161.html

Posted by vespa > 2023-12-28 09:27 | Report Abuse

All quiet on the western front

Posted by Justaboylearning > 2023-12-28 10:02 | Report Abuse

wonder if Felix dumped all the shares

Posted by RayLee > 2023-12-28 12:21 | Report Abuse

Oil prices expected to remain flat in 2024...Seems like oil counters likely to remain flat as well

https://www.thestar.com.my/business/business-news/2023/12/28/oil-prices-expected-to-remain-flat-in-2024

Posted by nikicheong > 2023-12-28 17:20 | Report Abuse

A sad and quiet end to the year. Here's to hoping there is a lot more positivity to come next year.

From what I gather, the Armada Sterling V is undergoing pre-commisioning works once again. The target remains to achieved first oil in the 2nd week of the new year.

Posted by Justaboylearning > 2023-12-29 12:01 | Report Abuse

Happy New Year Niki, fingers crossed for second week!

Posted by Robert Waters > 2023-12-29 16:37 | Report Abuse

Happy New Year 2024 to all BA interested. Let's hope for a revival of the stock next year.

Posted by zonefinder > 2023-12-29 16:51 | Report Abuse

Happy New Year to our fellow Armadians. Be patient, our Time will come...

Posted by zonefinder > 2023-12-29 16:51 | Report Abuse

Happy New Year to our fellow Armadians. Be patient, our Time will come...

Posted by myongcc5 > 2023-12-29 17:00 | Report Abuse

HAPPY NEW YEAR!

Posted by 8dragon > 2023-12-29 17:29 | Report Abuse

The conclusion is, all IB TP has proven incorrect 😂😂

Posted by Tommy88 > 2023-12-29 18:39 | Report Abuse

Many analysts call to BUY with much higher TP… but the the share is just not performing 😏

Posted by Jerichomy > 2023-12-29 19:14 |

Post removed.Why?

Posted by Jerichomy > 2023-12-29 19:15 |

Post removed.Why?

Posted by rohank71 > 2024-01-03 11:31 | Report Abuse

BA at 50 looks like there is 2 play...

Posted by rohank71 > 2024-01-03 12:15 | Report Abuse

When TunM goes down will BA another Astro?

Posted by ITreeinvestor > 2024-01-03 13:11 | Report Abuse

(Jan 3): Bumi Armada Bhd is poised for sequential earnings growth in the coming quarters, amid better quarter-on-quarter contributions from the Armada Kraken floating production storage and offloading (FPSO) unit, and first oil being achieved in Oil and Natural Gas Corporation Ltd's KG-DWN-98/2 in the coming weeks.

Posted by nikicheong > 2024-01-03 13:24 | Report Abuse

According to my sources, the Armada Sterling V is once again ready to receive first oil. Awaiting for ONGC side now. Unknown as to how long this may take, but should be soon. Fingers crossed no more mishaps now!

Posted by Justaboylearning > 2024-01-03 18:43 | Report Abuse

Let’s go Niki , bought another 600 lot at 0.495

Posted by armadatuah2017 > 2024-01-03 18:53 | Report Abuse

Look at the buying queue volume....darn huge!!! 20 million shares

Posted by rohank71 > 2024-01-04 09:15 | Report Abuse

Looking bullish. Tech Analysis looks good for a rebound.

Posted by TimCoke > 2024-01-04 14:32 | Report Abuse

good news soon

Posted by ITreeinvestor > 2024-01-04 15:34 | Report Abuse

stay tune

ONGC nears contract award on flagship offshore redevelopment project

https://www.upstreamonline.com/field-development/ongc-nears-contract-award-on-flagship-offshore-redevelopment-project/2-1-1577644

Posted by Justaboylearning > 2024-01-04 16:40 | Report Abuse

Can anybody bypass the paywall? Can't see

Posted by nikicheong > 2024-01-04 18:15 | Report Abuse

@ITreeinvestor what's the relevance to Bumi Armada?

Posted by Felix666888 > 2024-01-04 19:19 |

Post removed.Why?

Posted by Felix666888 > 2024-01-04 19:21 | Report Abuse

My biggest investment holding still Armada.

Posted by Justaboylearning > 1 week ago | Report Abuse

wonder if Felix dumped all the shares

Posted by KimSua > 2024-01-05 11:07 | Report Abuse

net short position peak 0.95/0.96 this week (tue/wed) short covering till 0.93% yesteday, i see the same trend today. So...don't miss the boat

Posted by TimCoke > 2024-01-05 15:16 | Report Abuse

buy now before its too late ya

Posted by 8dragon > 2024-01-05 17:29 | Report Abuse

Another dull year for O&G counters as oil prices will be traded within
70-80/pb...

Posted by Mabel > 2024-01-06 12:08 | Report Abuse

Why Are Billionaires Loading Up On Oil?

The most powerful investors in the world are loading up on energy investments.
Warren Buffett invested over $50 BILLION.
Billionaire Ken Griffin increased his holdings by 150%.
Carl Icahn has made a billion-dollar bet!

Why exactly?

It may be because they see a continued rise of oil on the way.
JP Morgan analysts have pegged the future price of oil at $380 per barrel.
That would send oil companies skyrocketing.

Future Meownaires