Posted by Atlas0103 > 3 weeks ago | Report Abuse

just curious if PNB really find someone to acquire their 54% shares，what will happen to velesto？

Posted by RJ87 > 3 weeks ago | Report Abuse

54% stake at current price is a steal for a counter that’s going to be net cash soon.
Considering there is actually a strong team of COO and CFO doing their job both operationally and financially.
Will be exciting Q3,25 onwards.

Posted by DukeTensia > 2 weeks ago | Report Abuse

Up up in the way!!!

Posted by mavisdrac > 2 weeks ago | Report Abuse

Macgyver111 what you really think? You think velesto can rebound to 0.30 or should i sell at 0.19 lol

Posted by RJ87 > 2 weeks ago | Report Abuse

Why bother asking?

those sold will say better run while u can…

Those just bought will say to the moon!

Posted by Macgyver111 > 2 weeks ago | Report Abuse

mavisdrac

Macgyver111 what you really think? You think velesto can rebound to 0.30 or should i sell at 0.19 lol

Haha! You asked a very sensitive question that no one dares to tell you exactly what is going to happen in the future 😂😀😃. Follow your own instinct; trade wisely. 

Posted by Balian de Ibelin > 2 weeks ago | Report Abuse

Looks uptrend.

When Whales see people say uptrend, they will push down price by 5 sen.😁👍🤜

Posted by RJ87 > 2 weeks ago | Report Abuse

Balian still haven’t collect enough

Posted by Macgyver111 > 2 weeks ago | Report Abuse

A look ahead to 2025 fossil fuel market price..
https://oilprice.com/Energy/Crude-Oil/A-look-Ahead-to-2025-in-Oil.html

Posted by RJ87 > 2 weeks ago | Report Abuse

Price depends on Naga’s Utilization.
If all naga’s contracted, earning potential 60-80M profit a quarter.
Now only 3 Nagas contracted, that’s why price tanked.

Tenderbook increased from 3B to 5B, so if COO is really good; then have chance to get all naga’s contracted.
0 Naga contracted, PN17. 3 Naga contracted, this price. If all 6 naga’s contracted, easily above 30sen.

All depends on Nagas getting job.

Posted by Macgyver111 > 2 weeks ago | Report Abuse

No worries, all is well. 2025 is Velesto's year to come back and shine. 

Posted by Balian de Ibelin > 1 week ago | Report Abuse

It's uptrend🤣
Wait till Whales see this message. 😁

Posted by Macgyver111 > 1 week ago | Report Abuse

Donald Trump wants shale producers to activate their drilling work, but it seems not many shale producers are aligned with Trump's idea. They've been slashed badly previously during the Biden administration by so-called green policy. Now, they are not keen to come back and do the drilling job unless Trump can pursue them with some special privilege, or else "drill, baby, drill" is not going to work out. 

Posted by serbatipu > 1 week ago | Report Abuse

Ini Kali la

Posted by Macgyver111 > 5 days ago | Report Abuse

KUALA LUMPUR (Jan 15): Sarawak Premier Tan Sri Abang Johari Openg has commended Prime Minister Datuk Seri Anwar Ibrahim’s recognition of Sarawak state-owned Petroleum Sarawak Bhd (Petros) as the state's gas aggregator.

The state government and Petros will work closely with the federal government and national oil company Petroliam Nasional Bhd (Petronas) “to ensure that Petros carries out its role as the sole gas aggregator without interruption to the supply of gas for consumers, including investors”, said Abang Johari in a statement on Wednesday.

The collaboration will drive Malaysia, and in particular Sarawak, into becoming “an energy hub”.

“This cooperation will also enhance Malaysia’s global competitiveness in attracting investments, technological research and new industries, particularly petrochemical derivatives, and thus be aligned towards the creation of high-paying jobs and the economic growth of the nation,” said Abang Johari, who is also known as Abang Jo.

A day earlier, Anwar was reported as saying that while Petros had been granted authority as Sarawak's gas aggregator, it would not interfere with Petronas' existing operations.

Posted by Expertise > 5 days ago | Report Abuse

very soon…

Posted by Skywalker00 > 4 days ago | Report Abuse

It’s just some small small indirect lies amongst other promises and ‘blackouts’...or hideouts?

Posted by Hansek > 4 days ago | Report Abuse

brent 82 d, but veleslow still no moving laggard

Posted by Rwan88 > 3 days ago | Report Abuse

Velesto hot today...

Posted by RJ87 > 3 days ago | Report Abuse

4pm suddenly Damm hot…

Posted by RJ87 > 3 days ago | Report Abuse

Naga get project announcement soon

Posted by Atlas0103 > 3 days ago | Report Abuse

I also believe got new project soon cause suddenly spike at 4 pm lol

Posted by Vincenzo888 > 3 days ago | Report Abuse

Drilling projects coming soon....!!

https://www.reuters.com/business/energy/malaysia-pm-says-petronas-retains-national-role-after-sarawak-gas-deal-2025-01-15/

Posted by SinGor > 2 days ago | Report Abuse

back to previous TP 30cents

Posted by Vincenzo888 > 2 days ago | Report Abuse

SinGor 0.28 I cukup makan already.
I not greedy.

Posted by Vincenzo888 > 2 days ago | Report Abuse

When Velesto was 0.155 one month ago, I was thinking PNB must be kidding, another round of no brainer bet.

Posted by necessity > 1 day ago | Report Abuse

HESS drilling on march confirm..its on!!!!

Posted by EAGLE > 1 day ago | Report Abuse

ranca ranca walao

Posted by Ninja _07 > 1 day ago | Report Abuse

Good start for the year! Next stop is 0.24

Posted by Macgyver111 > 1 day ago | Report Abuse

Hopefully it will break 0.20

Posted by bhza2012 > 1 day ago | Report Abuse

Go valesto

Posted by nich0las > 1 day ago | Report Abuse

Add more, Ang Pow mari liao. If got new project will stand with Armada.

Posted by hzboi > 1 day ago | Report Abuse

What’s the catalyst for this push? can anyone share a link for it? I have a decent position and am still red . I wasn’t sweating the post ER dump because of the cyclical nature in oil and gas counter. As long as the balance sheet is good, I’m holding.

Posted by prudentinvestor > 1 day ago | Report Abuse

Has not traded above 20sen for over 3 months. Hopefully it can cross the 20sen a share barrier today. That would be a good sign.

Posted by Macgyver111 > 1 day ago | Report Abuse

Time to reward the long-term investors. 

Posted by RJ87 > 1 day ago | Report Abuse

I have 500K share 17,16.5,16,15.5 and 15
But the problem is the other 1.7 mil shares bought above 20sen. 😂

Posted by specializedvenge > 1 day ago | Report Abuse

Only reloaded tiny portion last few days at 0.155.
Gone angpow

Posted by hzboi > 23 hours ago | Report Abuse

Hahaha RJ87. I have 600k shares that I bought and the last 4 years. My average is also above 20sen. I didn’t want to average down this time

Posted by SinGor > 23 hours ago | Report Abuse

EPF didnT load yet.....10years ago Velesto at RM4, EPF still Goreng Kuat-Kuat everyday...
Although # shares outstanding has increased But major holders didnT let Go (or cannot let Go bcos losing
underwear also cannot cover back )

Posted by RJ87 > 22 hours ago | Report Abuse

hzboi, Now you don't feel so bad anymore huh?

First entry was 20.5 and 21.5 sen for 500K shares Jan 2024, then took profit at 26.5 and 29.5. Then up, to 30+sen. Damm am tui. During the selldown, I start sapu at 25.5 sen. Sapu abit abit, now got 1.7million shares above 20sen.
Another 500K shares same price for Perdana 20, 20.5 sen same time. Already put a mental note take profit Velesto buy perdana. But perdana already above 40sen. End up take profit perdana keep velesto. So hem dy lo.

In the market, there are plenty of people like me/us. But then, the difference is they die die claim they bought lowest. Macam la pretending money here allows them to spend imaginary money they thought they earned.

Posted by Atlas0103 > 19 hours ago | Report Abuse

ok good news coming for Naga 4

https://www.upstreamonline.com/exploration/petronas-on-an-exploration-roll/2-1-1766491

Posted by Atlas0103 > 19 hours ago | Report Abuse

ok good news coming for Naga 4

https://www.upstreamonline.com/exploration/petronas-on-an-exploration-roll/2-1-1766491

Posted by Macgyver111 > 19 hours ago | Report Abuse

Maybe there is an announcement soon, one for Naga 4 and another for Naga 8. Fingers crossed.

Posted by prudentinvestor > 18 hours ago | Report Abuse

Good news. Should easily overcome 20sen barrier tomorrow morning.

Posted by Atlas0103 > 18 hours ago | Report Abuse

tmr opening price high chance 20sen, if this week really able to across 23sen, then the show will come but a bit difficult I think haha

Posted by Vincenzo888 > 16 hours ago | Report Abuse

Once Naga 8 awarded new contract you will see price above 0.25 and this is minimum.

Posted by goey1960 > 14 hours ago | Report Abuse

Recent Developments:

NAGA 2, NAGA 4, and NAGA 6 Contracts: On March 22, 2024, Velesto announced that its subsidiary, Velesto Drilling Sdn. Bhd., received Notices of Assignment from PETRONAS Carigali Sdn. Bhd. for the provision of jack-up drilling rigs NAGA 2, NAGA 4, and NAGA 6. These contracts, valued at approximately USD 73 million, USD 94 million, and USD 97 million respectively, commenced on February 7, 2024, and are set to continue until February 6, 2026.

NAGA 6 Special Periodical Survey (SPS): In October 2024, Velesto completed the mandatory five-year SPS for NAGA 6 at the Labuan shipyard. The maintenance included essential class recertification, equipment upgrades, and repairs. Following the SPS, NAGA 6 resumed its two-year contract with PETRONAS Carigali Sdn. Bhd. in Sarawak.


NAGA 8 Contract Suspension and SPS: On November 29, 2024, Velesto announced the suspension of NAGA 8's contract due to the early completion of its drilling program. The company took this opportunity to accelerate the SPS for NAGA 8, positioning the rig for future opportunities. Velesto is actively pursuing tenders across domestic and regional markets for NAGA 8 and other rigs in its fleet.

NAGA 5 Maintenance and Contract Negotiations: As of January 2025, NAGA 5 is undergoing a 55-day major maintenance program at a shipyard in Tuas, Singapore, after completing a two-year integrated rig, drilling, and completion (I-RDC) contract. Velesto is in the final stages of securing a new two-year development contract for NAGA 5, expected to commence upon completion of the maintenance in January 2025.

These developments reflect Velesto's strategic efforts to maintain and enhance its rig fleet, ensuring readiness for upcoming opportunities in the oil and gas sector. THE EDGE MALAYSIA

Posted by prudentinvestor > 3 hours ago | Report Abuse

Velesto is no longer a teenager now. It has just turned into an adult. hahaha

Posted by hzboi > 1 hour ago | Report Abuse

RJ87 When they started dividend i lost my objectivity and diamond handed. Because that usually signals a company turning around. I totally should’ve taken profit then but I went to top up. Velesto's latest balance sheet is the best in 5 years but got dump like crazy. I hope it’s manipulation to shake out the Ikan bilis. Been waiting for big sharks like EPF to come in a for a while now. Hoping this goes up and up!!

Posted by Baby Shark > 40 minutes ago | Report Abuse

Hahaha..I no greedy, another 1 or 2 cent I sure sell
Nowadays Malaysia share market cannot d.. anytime bankrupt