“This will benefit everyone in the value chain across the board and who runs concurrent to Petronas’ 2019 to 2021 activity outlook report,” he told TMR.
He said several listed O&G firms are poised to benefit from this scenario. This includes previously maligned counters like Sapura Energy Bhd, Velesto Energy Bhd and Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE).
Velesto reduced its net loss by 84.2% year-on-year to RM17.89 million for the fourth quarter ended Dec 31, 2018, on lower asset impairments and improved rig utilisation. The drilling and oilfield service provider was previously listed as UMW Oil & Gas Corp Bhd.
Uzma has secured a contract in Indonesia while this company is still begging for contracts from Petronas. See the difference between a GLC and entrepreneur driven company.
Posted by dragonslayer > Mar 15, 2019 10:29 AM | Report Abuse
Aiyo....calvin kor kor chun is chun...but sometimes...sell call on other ctrs...also beh chun lah...cannot keep hoot other ctrs to promote own ctrs…..unfair lah….church evangelist cannot like this lah…..lol...aiyoyo...kikiki
Yes dragon
Okok
Calvin is doing what he preaches
See
I cutloss in other stocks to buy Oil & Gas stocks like Velesto, Penergy & Destini
SO I PRACTISE WHAT I PREACH
I hope dragod do very well this year of O&G Bull run
Posted by stockraider > Mar 15, 2019 11:09 AM | Report Abuse X
Ask yourself do u want to be simply trying to be moderate when u r really cocksure of surewin leh ??
Yes why u want to waste time and indulge in the academic of plus & minus....when behind our head already calculated big big very explosive surewin coming mah....!!
Just rush & get the ball quickly and play mah....!!
Posted by stockraider > Mar 15, 2019 10:48 AM | Report Abuse X
I leave it to u to see after 3 yrs and 3 mths...i reiterate my well intention here loh....!!
1. THE CALL TO BUY SAPNRG AT RM 0.30 TO RM 0.35 ARE DESIGNED TO GIVE U MAX PROFITS TO U...IF U FOLLOW RAIDER'S INVESTMENT GUIDELINE wholeheartedly LOH..!! THERE ARE NO FLAWS AND NOT TOO OPTIMISTIC LOH...!! WHY LEH ?? THIS IS BCOS RAIDER MAKE A CALL ONLY A FEW MONTHS AFTER THE TURNAROUND FACTORS OF SAPNRG BECOME VISIBLE AND SAPNRG SHARE PRICE IS STILL UNDERVALUE WITH HUGE MARGIN OF SAFETY MAH...!!
2. RAIDER IS COMPLETELY HONEST WITH U LOH...AND GIVE U the MAX OPPORTUNITY TO MAKE A KILLING ON SAPNRG, UNLIKE PEOPLE LIKE PHILIP AND 3iii AFTER BUYING QL AND NESTLE FOR MORE THAN 10 YRS...COME TO PROMOTE TO U WITH NO MARGIN OF SAFETY AND OVERVALUE WITH PE MORE THAN 50X after 10 yrs when there are no more exceptional margin mah!.
3. RAIDER JUST WANT U TO BE veli RICH, AND SHARE THE huge BOUNTY of sapnrg WITH RAIDER together, BCOS I M A VERY GENEROUS PERSON...IF I GET VERY RICH ALONE...I FEEL VERY LONELY LOH......!!
Posted by Choivo Capital > Mar 15, 2019 10:46 AM | Report Abuse
Raider.
You cannot deny that SSLEE has his point.
You're always very optimistic and strong in promotion in your stocks. And many did not end up well.
Evergreen Hengyuan
etc.
May i suggest you be more moderated. If one only talks about the good thing, but not the bad, that says something.
go see Media good news Umno will sell its stake in Media Prima, the country's biggest media conglomerate, according to the party's acting president Mohamad Hasan.
Last month, the Malay-based party sold its 31.6 percent stake in Kumpulan Utusan, whose flagship publication Utusan Malaysia had previously been kept alive with Umno's money.
“We will sell our stake in Media Prima as there is nothing much we can do. We can’t put out our own news, and we do not have board representation.
“At least it (the sale) can cover us for another two-and-a-half years,” Mohamad said in an interview with news portal Free Malaysia Today (FMT).
“Umno is a big organisation and it needs a lot of money to maintain it. Running the headquarters has substantial costs. Even paying salaries is difficult now," he said.
Media Prime controls four television channels (TV3, NTV7, 8TV and TV9), three newspapers (New Straits Times, Berita Harian and Harian Metro) and four radio stations (Fly FM, Hot FM, One FM and Kool FM).
Umno decided to monetise part of its assets after its bank account was one of 900 frozen by MACC over transactions tied to the 1MDB scandal last year.
However, Mohamad sees a silver lining in the defeat of BN in May 2018 after six decades in power. He believes that Umno will make a comeback with the co-operation of PAS.
'Parasites are now gone'
“I believe the defeat was a blessing in disguise," said Mohamad, who is also known as Tok Mat.
“The parasites are now gone. We lost because we were arrogant and egotistical, and people were turned off. So now we have to lose these bad characteristics,” he said.
Mohamad, who is also Umno's number two, took charge of the party in December 2018 in the wake of president Ahmad Zahid Hamidi going on leave after being slapped with a number of corruption charges.
Finally decided to exit with little profit taking after a year period holding..huh. Wish to re-enter soon......in order to attend this coming AGM. Good luck guys!
Petronas must drill faster as. brent willl stay high until june ..thats what Saudi wants..Hibiscus also will sell crude as much as possible in this firt and 2nd quarters
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sooaria
804 posts
Posted by sooaria > 2019-03-15 09:07 | Report Abuse
fast buy more