Posted by TalkNumberOne > 2023-09-27 12:20 | Report Abuse

Insider so smart la. Hahaha how to pay? and why you come here? Will be an unanswered misery.

Posted by Felix888 > 2023-09-27 13:59 |

Post removed.Why?

Posted by BobAxelrod > 2023-09-27 14:48 | Report Abuse

Wise men speak because they have something to say; Fools speak because they have to say something ----- Plato

Posted by sapurainsider > 2023-09-27 16:01 | Report Abuse

Retarxd ---- Bob

Posted by Ron90 > 2023-09-27 16:14 | Report Abuse

if green QR, that can rfeach 7 cents la.. :-)

Posted by TalkNumberOne > 2023-09-27 16:35 | Report Abuse

Hahaha siao kia bising also not forgetting to hantam sendiri. Hahaha where to get this kind of people

Posted by SinGor > 2023-09-27 17:16 | Report Abuse

BobAxelrod
Wise men speak because they have something to say; Fools speak because they have to say something - Bob
_______________________________________

Wise man shout bcos Nobody listen----Fools talk bcos they think alike

Posted by kyliew > 2023-09-27 17:20 | Report Abuse

Tonight, tomorrow or Friday?

Posted by kyliew > 2023-09-27 17:21 | Report Abuse

If this Q2 profit, then it's 2 consecutive quarters green.. Got hope. If otherwise, then we only can pray

Posted by Elaphe > 2023-09-27 17:36 | Report Abuse

This felix cannot understand the difference between sales revenue , net profit and debt.

Posted by Elaphe > 2023-09-27 17:48 | Report Abuse

Ahya red is good, there is a chance to collect.. if strong green then it will break 6.0sen. If weak green, expect 5.0sen to 5.5sen. If red then 4sen to 4.5sen

Posted by BobAxelrod > 2023-09-27 18:23 | Report Abuse

Fe-Licks-kants doesn't know Accounting?......That's well known worldwide.

Give him a 20c coin, he cannot differentiate from the value of a RM5 note.....

To him, 1-2 Billions can solve a 15+ Billions Debt.......

To him the Total Revenue is the total funds available funds to settle Debt payments.....He doesn't have Cost of Sales, Expenses and Taxes.......same as he can move the Assets Valuation up and down as and when he likes....

Laugh die you!!!

Posted by kyliew > 2023-09-27 18:49 | Report Abuse

Green.. OK great

Posted by kyliew > 2023-09-27 18:49 | Report Abuse

Got hope

Posted by kyliew > 2023-09-27 18:49 | Report Abuse

Q2 profit

Posted by kyliew > 2023-09-27 18:53 | Report Abuse

Result out

Posted by ncy810116 > 2023-09-27 18:56 | Report Abuse

not bad...

Posted by Tomato778 > 2023-09-27 19:17 | Report Abuse

haha.. boleh la..

Posted by TalkNumberOne > 2023-09-27 19:33 | Report Abuse

Mana siao Kia? Haha pants drop? But I confirm siao kia will ask how about 15 billion debt. 😂😂😂

Posted by kyliew > 2023-09-27 20:00 | Report Abuse

Won contract 1.6 billion..

Posted by Elaphe > 2023-09-27 20:05 | Report Abuse

Expect 5sen or perhaps 4.5sen... weak green.

Posted by sapurainsider > 2023-09-27 20:27 | Report Abuse

Another kong kam coming out .. Elaphe never see you retaxd comment before , suddenly come tokok hahahha funny .. laugh die you

Posted by Nikmon > 2023-09-27 20:39 | Report Abuse

No progress update on restructure...fail...delisting by end of Nov and winding petition all linining up in Mar24... it must finalize immediately and required few months to execute it

Posted by Eric Lim > 2023-09-27 20:46 | Report Abuse

and the end sure ask Petronas come to help

Posted by SinGor > 2023-09-27 21:05 | Report Abuse

this Qr results is more like a soft Cushion to break any Fall in price. Any upbeat push will reach 10sens with
$90 Oil price as "Lubricant"

Posted by izoklse > 2023-09-27 21:32 | Report Abuse

Holy Shxx this PN 17 counter beg

Sapura Energy bags RM1.4 bil job for gas complex in Angola, reports profitable 2Q

https://theedgemalaysia.com/node/684175

Posted by Nikmon > 2023-09-27 22:42 | Report Abuse

The aforesaid extension of time is without prejudice to Bursa Securities’ right to proceed to suspend the trading of the listed securities of SEB and to de-list the Company in the event:

(i) the Company fails to submit its regularisation plan to the relevant regulatory authorities on or before 30 November 2023;

(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; or

Risk is very high now...delisting..CEO target to close a principle deal by end of year..

Posted by speakup > 2023-09-27 22:48 | Report Abuse

No bailout dah guarantee PH kalah GE16

Posted by Nikmon > 2023-09-27 22:51 | Report Abuse

Sapura Energy’s debt restructuring efforts, which underpins its regularisation strategy, are progressing positively.

Without the principle agreemey by Nov, will Bursar accept the regulisation plan, after 2 years of extensions, would Bursar extend again...

Posted by Felix888 > 2023-09-27 23:01 | Report Abuse

This quarter results actually not bad. Cash flow from operating activities RM 200 million. Cash is flowing in this is different from Serbak got profit no cashflow.

Wow secured new contract worth RM 1.4 billion. Wtf PN17 company could get billions job 🤑🤑

I`m not accounting background people, I don't give a fxck to FRS guidelines. As investor, it is good enough if I'm able to read P&L, BS and cash flow statement.

FRS guidelines leave it to shoplot auditor.

Posted by DickyMe > 2023-09-27 23:28 | Report Abuse

(P)enjudi (N)egara (B)angsat
continues their loss reduction by buying @low price.
A look at the Q indicates who they are,
of course the constitutionally protected one and highly sensitive creatures.
The Q indicates desperation to reduce loss.
Of course lapdogs will arrive soon to ridicule.

Posted by DickyMe > 2023-09-27 23:30 | Report Abuse

As usual, extension will be given, it's predictable.

Posted by Felix888 > 2023-09-28 00:22 | Report Abuse

Brent Oil price going to break USD 100, Sapura Energy got good chance break 0.07.

Posted by Felix888 > 2023-09-28 00:39 | Report Abuse

Yeaer 2013 oil and gas industry glory days is coming soon.

Posted by Mabel > 2023-09-28 04:42 | Report Abuse

KUALA LUMPUR (Sept 27): Sapura Energy Bhd, which reported its second consecutive profitable quarter on Wednesday, said it has secured a US$300 million (RM1.4 billion) contract from Azule Energy Angola BV for a gas complex in Angola — the Angola Northern Gas Complex (NGC) project.

Posted by Mabel > 2023-09-28 04:42 | Report Abuse

For the second quarter ended July 31, 2023 (2QFY2024), Sapura reported a net profit of RM42.81 million or 0.27 sen per share, versus a net loss of RM2.59 million or 0.02 sen per share a year ago.

Sapura attributed 2QFY2024’s profitability to lower depreciation, higher share of profit from joint venture and associate, as well as favourable foreign exchange gain from the appreciation of US dollar against the ringgit.

Revenue, however, dipped 2.5% to RM1.14 billion in 2QFY2024 from RM1.17 billion in 2QFY2023, mainly due to the completion of a project under its drilling businesses.

The group's earnings before interest, taxes, depreciation and amortisation (Ebitda) also dropped in 2QFY2024 compared to the preceding quarter, mainly due to project delays within its engineering and construction (E&C), and operations and maintenance (O&M) business segments.

Its drilling business segment, meanwhile, continued to demonstrate robust performance, the group said, driven by lower operating expenses and the commencement of new contracts.

“The exploration and production business segment, operated through the SapuraOMV Upstream joint venture, also maintained consistent performance during the reviewed quarter, albeit with a slight decline in average gas production, mainly due to a scheduled shutdown,” it said.

For the first six months of FY2024 (1HFY2024), the oil and gas engineering firm’s net profit more than doubled to RM188.89 million from RM89.34 million in the previous corresponding period, while revenue grew 1.7% to RM2.09 billion from RM2.06 billion.

Sapura said its 1HFY2024 results showcased its resilience in overcoming multiple operational challenges, including escalating project and financing costs, as well as a lack of access to bank guarantees and working capital, which in turn affected order book replenishment.

“We are building on our steady recovery to set the stage for future growth. To maintain this positive momentum, we will continue to improve the group’s cashflow and Ebitda, and strengthen operational efficiencies to protect project margins and drive consistent results,” said Mohd Anuar.

“Addressing our unsustainable debt remains a crucial part of our sustainability, and we will continue to make every effort to resolve this with all relevant stakeholders,” he added.

As part of Sapura’s debt restructuring, the group said it has validated RM1.5 billion worth of overdue claims from approximately 2,000 trade creditors.

“Operationally, we continue to geographically reposition ourselves to capture opportunities, in particular with E&C and O&M segments. Meanwhile, drilling remains the group’s solid base with 10 rigs contracted to clients across Thailand, Malaysia and Africa. Furthermore, the divestment of the group’s 50% stake in SapuraOMV is ongoing,” said Sapura.

“The group will continue its effort to address the unsustainable debt and Practice Note 17 status, facilitated by CDRC (Corporate Debt Restructuring Committee), and is hopeful of reaching a principal agreement with its MCF (multi-currency financing) financiers by end of this year,” it added.

Sapura Energy shares gained half sen or 10% to close at 5.5 sen on Wednesday, giving the group a market capitalisation of RM878.85 million.

Posted by bullrun168 > 2023-09-28 06:24 | Report Abuse

Oil price spike up Like mad…
Brent $96.55 +2.59 +2.76 %

Posted by bullrun168 > 2023-09-28 06:41 | Report Abuse

Oil climbs 3% as steep US crude stocks draw adds to supply concerns
By Arathy Somasekhar
September 28, 2023 3:06 AM

https://www.reuters.com/markets/commodities/oil-prices-edge-higher-markets-focus-supply-tightness-2023-09-27/

HOUSTON, Sept 27 (Reuters) - Oil prices surged 3% on Wednesday to the highest settlement in 2023, after a steep drop in U.S. crude stocks compounded worries of tight global supplies.
Brent crude futures closed up $2.59, or 2.8%, at $96.55. It breached $97 a barrel during the session.
U.S. West Texas Intermediate crude futures (WTI) climbed $3.29, or 3.6%, to $93.68. The session high was over $94.
U.S. crude stocks fell by 2.2 million barrels last week to 416.3 million barrels, government data showed, far exceeding the 320,000-barrel drop analysts expected in a Reuters poll.

Crude stocks at the Cushing, Oklahoma, storage hub, delivery point for U.S. crude futures, fell by 943,000 barrels in the week to just under 22 million barrels, the lowest since July 2022, data showed.
"The market is being led up by storage numbers as we are getting to the minimum operational inventories at Cushing," said Andrew Lipow, president of Lipow Oil Associates.
Stockpiles at Cushing have been falling closer to historic low levels due to strong refining and export demand, prompting concerns about quality of the remaining oil at the hub and whether it will fall below minimum operating levels.

Prices fell last week but were rallying again as markets worried about tight supplies heading into winter, following production cuts of 1.3 million barrels a day to the end of the year by Saudi Arabia and Russia of the Organization of the Petroleum Exporting Countries and allies known as OPEC+.
"Until a decision to raise production is made, the global energy market will remain tight," Ole Hansen, Head of Commodity Strategy at Saxo Bank, said.

Posted by bullrun168 > 2023-09-28 06:48 | Report Abuse

Sapura Energy bags RM1.4 bil job for gas complex in Angola, reports profitable 2Q
By Chester Tay / theedgemalaysia.com
27 Sep 2023, 08:46 pm

https://theedgemalaysia.com/node/684175

KUALA LUMPUR (Sept 27): Sapura Energy Bhd, which reported its second consecutive profitable quarter on Wednesday, said it has secured a US$300 million (RM1.4 billion) contract from Azule Energy Angola BV for a gas complex in Angola — the Angola Northern Gas Complex (NGC) project.
The contract's scope of work comprises engineering services, transportation, installation and related activities for the Quiluma and Maboqueiro Platform of the Angola NGC project, according to Sapura’s stock exchange filing on Wednesday. The works are expected to be completed by the fourth quarter of 2026.
In a statement released together with Sapura’s quarterly results, the group said the Angola job is a “notable” win for the group, raising its order book to RM6.3 billion, of which over 60% of its contracts are for jobs outside Malaysia.

Sapura said it remains committed to its strategic direction of rebalancing its global portfolio and deploying key assets in regions where it can be competitive.
“We are actively repositioning ourselves geographically to seize opportunities across all our business segments, bidding right and pursuing major projects in Africa, the Mediterranean, the Atlantic and the Asia-Pacific region,” said group CEO Datuk Mohd Anuar Taib. “The trusted partnerships we have built with clients have helped us to navigate limited liquidity issues, enabling us to win more work."
For the second quarter ended July 31, 2023 (2QFY2024), Sapura reported a net profit of RM42.81 million or 0.27 sen per share, versus a net loss of RM2.59 million or 0.02 sen per share a year ago.
Sapura attributed 2QFY2024’s profitability to lower depreciation, higher share of profit from joint venture and associate, as well as favourable foreign exchange gain from the appreciation of US dollar against the ringgit.
Revenue, however, dipped 2.5% to RM1.14 billion in 2QFY2024 from RM1.17 billion in 2QFY2023, mainly due to the completion of a project under its drilling businesses.
The group's earnings before interest, taxes, depreciation and amortisation (Ebitda) also dropped in 2QFY2024 compared to the preceding quarter, mainly due to project delays within its engineering and construction (E&C), and operations and maintenance (O&M) business segments.
Its drilling business segment, meanwhile, continued to demonstrate robust performance, the group said, driven by lower operating expenses and the commencement of new contracts.
“The exploration and production business segment, operated through the SapuraOMV Upstream joint venture, also maintained consistent performance during the reviewed quarter, albeit with a slight decline in average gas production, mainly due to a scheduled shutdown,” it said.
For the first six months of FY2024 (1HFY2024), the oil and gas engineering firm’s net profit more than doubled to RM188.89 million from RM89.34 million in the previous corresponding period, while revenue grew 1.7% to RM2.09 billion from RM2.06 billion.
Sapura said its 1HFY2024 results showcased its resilience in overcoming multiple operational challenges, including escalating project and financing costs, as well as a lack of access to bank guarantees and working capital, which in turn affected order book replenishment.
“We are building on our steady recovery to set the stage for future growth. To maintain this positive momentum, we will continue to improve the group’s cashflow and Ebitda, and strengthen operational efficiencies to protect project margins and drive consistent results,” said Mohd Anuar.
 “Addressing our unsustainable debt remains a crucial part of our sustainability, and we will continue to make every effort to resolve this with all relevant stakeholders,” he added.
 As part of Sapura’s debt restructuring, the group said it has validated RM1.5 billion worth of overdue claims from approximately 2,000 trade creditors.
“Operationally, we continue to geographically reposition ourselves to capture opportunities, in particular with E&C and O&M segments. Meanwhile, drilling remains the group’s solid base with 10 rigs contracted to clients across Thailand, Malaysia and Africa. Furthermore, the divestment of the group’s 50% stake in SapuraOMV is ongoing,” said Sapura.
“The group will continue its effort to address the unsustainable debt and Practice Note 17 status, facilitated by CDRC (Corporate Debt Restructuring Committee), and is hopeful of reaching a principal agreement with its MCF (multi-currency financing) financiers by end of this year,” it added.
Sapura Energy shares gained half sen or 10% to close at 5.5 sen on Wednesday, giving the group a market capitalisation of RM878.85 million.

Posted by Cockcroach > 2023-09-28 07:20 | Report Abuse

Great news!

Posted by TalkNumberOne > 2023-09-28 07:28 | Report Abuse

Siao kia where are you? Pants drop already couldn’t pull it back up Ah? Doesn’t matter la nothing to see also

Posted by BobAxelrod > 2023-09-28 07:49 | Report Abuse

Kaput!...exactly the kind of QR expected.....Not Red but incomparable to PREVIOUS quarter, not comparing to previous year!!

Same as in Serba, fling out some A4 paper as Contracts for completion in 3 years, and with some party on Pluto....

"...unsustainable Debts......and is hopeful of reaching agreement......" keywords to their Restructuring Plans......and praying isn't going to cut it, not this time and Creditors are banging hard on doors.....no more games and delays.....

Overall, status remains the same until Bursa due date for Restructuring Plans......and IF OTHERWISE.....face the music........as what is happening in NY Court case against Trump.

Locked and loaded, and ready to fire...........laugh die you!!

Posted by BobAxelrod > 2023-09-28 07:58 | Report Abuse

Tomorrow Friday afternoon (USA) Powell schedule for Town Hall meeting and talks of the Economic health and direction of Interest Rate.

1st October (Sunday) Feds would shutdown if consensus not reached....As always, they would manage to pull things off and higher Debts Ceiling etc, etc.....

Ringgit crashed through 4.705 yesterday, FDI still pulling out.......

And you still think there's Bailout???

Laugh die you!!!

Posted by BobAxelrod > 2023-09-28 08:10 | Report Abuse

Sure, bring it on....I would like to see 6.5c and then Operators have the chance to dump another 330 millions shares, just like last week.......laugh die you!!!

Posted by BobAxelrod > 2023-09-28 08:14 | Report Abuse

You want to put your money (or your shoe) where your mouth is??......


Posted by Ron90 > 15 hours ago | Report Abuse

if green QR, that can rfeach 7 cents la.. :-)

Posted by SinGor > 2023-09-28 09:01 | Report Abuse

Looks like BOb Cannot sleep last nite, start posting 8:00AM while most supporters still having Good Dream
last nite. Most Dreams are Bankers with their most Beautiful GRO receiving Bank Deposit from "Supporters "

Posted by sapurainsider > 2023-09-28 09:03 | Report Abuse

A few more secured contract coming up soon

Posted by TalkNumberOne > 2023-09-28 09:10 | Report Abuse

hahahaha well said singor. And terima kasih insider.🤣🤣🤣siao kia you got to hold it strong, sleepless night coming

Posted by TalkNumberOne > 2023-09-28 09:23 | Report Abuse

Siao Kia I am very free le, come entertain me la. Don’t go hiding, you got nothing to hide for. You are a walking joke.

Posted by Felix888 > 2023-09-28 09:26 |

Post removed.Why?