"This has sparked speculation that a merger between Sapura Energy and Velesto could be on the table, given their common shareholder and the fact that their businesses fit rather well."
"Shahril brushes aside the speculation of a merger. “A merger is going down the wrong road,” he remarks."
There is no synergy in merging with Sapnrg. Just stick to the core business. The global offshore drillers like Transocean or Seadrill just focus on one business, not diversified at all.
All rigs working now plus workover units towards end of Q3, so current quarter revenue probably around 120 million RM and flat profit. But then Q4 should be much better (150 million RM?) and next year trend also very positive. So flying up will depend on investor's confidence in company future...
Exactly my points, confidence is generally slow to come back. Opec is aiming at stabilizing the oil price. Activity level looks promising but rate still at the low end, so expect steady but slow uptrend...not flying
Velesto Energy Bhd has urged the government to provide incentives to financial institutions to encourage them to lend more support to local oil and gas (O&G) players. Its president Rohaizad Darus said such support remains crucial for local players, especially the small and medium enterprises (SMEs), to get adequate financial backing from financiers. Join group whatsp at 6011 5796 8095 to get counter live updates and TP with proper entry and exit details.
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ivan9511
3,854 posts
Posted by ivan9511 > 2018-09-12 15:43 | Report Abuse
buy