SuperPanda btw, the price now .175, by end month qr report will be a loss report, how to go 30c?
Stock Market is about "Forward Earnings"....Look at Glove Counters, still on SuperNormal profit path......But stock price Drops without a "parachute"
After Thursday announcement buy Saudi ( still cut output), it is Clear Washington And Saudi is on a War Path bcos of Khashoggi's Murder by Saudi Crown Prince. More and more Oil disruptions will come if American let Houthi Rebel attacks Saudi Oil Fields and Saudi Cutting Oil exports to balloon Oil price to 150 to Kill American Economy ----Covid Recovery
im so happy to tell you what i said a few week a go now become reality that oil price BRENT as per expected will touch 70 - 80 USD. It is very simple, many OPEC country especially those from middle east need oil price to go beyond 80 USD because they need to cover back ballooning debt and to pay their expensive budget and stimulus package due to COVID 19. Many or of this country depend almost 60 %- 90 % on oil revenue. They have been draining their own coffer last year and in order to survive they need Oil above 80 USD and beyond.
PNB already knows the next 2 qtrs will be a loss, they will sell slowly and you will find the price hard to go up a lot later compare to hibscs, penergy, hengyuan and many more _________________ IronShirt Yayasan / PnB son sold 398,342,260 on 18 dec 20....Monday PNB will collect back 400million.
I don't think so PNB will sell its equity in Velesto or else they will do it long time ago especially during the worse pandemic time. Velesto, solely control by bumis and right now whereby the fuel price hot sky rocket....do you think they want to dump it...nope!!. This is what going to happen, PNB will act behind the scene to pursued Petronas to give more contracts and I think that's already in the midst of happening, matter of time for announcement soon...maybe after the qtr. Just 2c opinions.
Harga minyak dunia naik. Tapi velesto no jobs. Tapi harga velesto tetap naik juga enventho without job. Another theory is bumi will try to save velesto by giving jobs. Another one goes with these 2 quarters velesto will show negative result with implication its share price will go down. With all the theories going around I will still keep my shares simply because I can afford to keep it and still wait for price to reach RM1 eventually before selling.
U.S. will defend troops and interests after rocket attack in Iraq, Defense Secretary says
Secretary of Defense Lloyd Austin said those responsible for carrying out last week’s rocket attack against an Iraqi base that hosts American troops will be held accountable.
Situation: all operators (oil company) now is aiming to use drill rigs with offline capabilities for serious cost savings (such as Borr rigs). Fact is all Naga rigs are not equipt with offline capabilities & are lagging behind.
But, PNB owns 60% of Velesto. If other operators such as Vestigo, Petrofac are not keen on using the Naga rigs, then PNB via govt's hammer will definitely TELL Petronas to use Velesto's rigs no matter what.
Reality... there will always be Naga rigs operating for Petronas' projects. Most likely at least 4 Naga rigs will have jobs in Petronas at high drilling activities.
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....
Macgyver11
2,492 posts
Posted by Macgyver11 > 2021-03-06 11:10 | Report Abuse
Go velesto break the 0.20c wall..hehe!