Don't listen to those rumor's of share consolidation. Kazanah will not do it this round because they have no money. They went for the rights issue last time at high price. They will ask Petronas to give projects to Velesto. Off course the big fish will collect kaw kaw first. See how they block at 12.5 cents last week. I buy until scared and Q at 11.5 cents. With interest rate going down, its good for both banks and company to refinance the old loans with new. Off course the Bankers want to see new projects. Just wait until the negotiations for refinancing is completed
KUALA LUMPUR (Feb 10): Sapura Energy Bhd said today that its wholly-owned subsidiaries and joint venture (JV) company have been awarded RM1.85 billion worth of contracts and contract extensions, comprising engineering and construction, and drilling works in Saudi Arabia, Thailand, Brunei and Malaysia.......
Oil price keep going up & up & up up up... All O& G companies will getting more & more big projects... Tommorrow on-wards will be the turn for O & G theme started to spike up to sky high !
Next week you will see all IB and Investor coming to attack oil & gas counter. The reason they believe price of brent will surpass 70 USD because many oil & gas company not planning to restart drilling or operation anytime soon as they see covid 19 situation not really stable yet even with the introduction of vaccine. However everywhere in the world storage now going into lower level. No Production. No Supply increase. Many rigs still on ideal and not going to restart anyway soon. You are seeing oil price now sky rocketing. Even Many Opec Nation want the price at least at 80 USD for them to survive and cover their budget and stimulus.
petronas 's lousy CEO, pls do sth and award rig contracts , oil price shoot up already still doing nothing ? tak mahu gorek oil kah ? Government makan apa ??
Velesto s CEO shall go and approach other oil major to get rig contract, surely oil back to USD60, pre-covid level, many oil majors are interested to produce oils for good profit !!!
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....
Lewis Lee
1,695 posts
Posted by Lewis Lee > 2021-02-09 09:42 | Report Abuse
Should sack petronas CEO for slow in awarding contract !!