Posted by kennyqs > 2021-06-01 16:13 | Report Abuse

moving moving

Posted by bullmarket1628 > 2021-06-01 16:20 |

Post removed.Why?

Posted by JJchan > 2021-06-01 16:32 | Report Abuse

Naga 7 is not going to be savaged but going for insurance claimed as printed. Bullish now bcos Cash from Insurance can be used to Rent 2 or 4 Rigs if Velesto secured Contracts

Posted by JJchan > 2021-06-01 16:45 | Report Abuse

The Biggest Bet now is " secured Contract from petronas "

Posted by kennyqs > 2021-06-01 16:45 | Report Abuse

gogogo !

Posted by JJchan > 2021-06-01 16:47 | Report Abuse

Cost of Money is now Not a problem bcos of Money from Insurance Claim

Posted by Macgyver11 > 2021-06-01 16:56 | Report Abuse

https://www.theedgemarkets.com/article/petronas-quarterly-net-profit-doubles-boosted-wider-margin-and-absence-impairment

Petronas in extraordinary profit for 1st qtr (almost double). Possible of more contracts from Petronas soon.

Posted by Expertise > 2021-06-01 17:18 | Report Abuse

Wow wow on the way to usd100

Posted by JJchan > 2021-06-01 17:38 | Report Abuse

now we wait like fishing....Velesto will Leap very High when any Contract is secured ( just bcos
Velesto Got More capacity to Run more Rigs than before).....it is just a mind set...from owning a
Rig to renting a Rig

Posted by driller71 > 2021-06-01 18:58 | Report Abuse

...
Malaysian Owner To Abandon Sunken Drilling Rig

https://www.upstreamonline.com/rigs-and-vessels/malaysian-owner-to-abandon-sunken-drilling-rig/2-1-1018432

Posted by Flybythenite > 2021-06-01 22:02 | Report Abuse

Money money money! $$$! How much total insurance claims?

Posted by Flybythenite > 2021-06-01 22:03 | Report Abuse

Oil price 71.19 +1.87 +2.70%
:))

Posted by Flybythenite > 2021-06-01 22:17 | Report Abuse

No kidding! Sounds like very good news!
World stocks hit another record, oil up in big data week
Stock Markets2 hours ago (Jun 01, 2021 07:35AM ET)
https://www.investing.com/news/stock-market-news/asian-stocks-at-month-high-ahead-of-us-jobs-data-gold-rises-2519516

Posted by Flybythenite > 2021-06-01 22:19 | Report Abuse

OMG! Yes! :)
Brent hits highest since March on demand prospects
Commodities1 hour ago (Jun 01, 2021 08:39AM ET)
https://www.investing.com/news/commodities-news/brent-rises-to-near-70-on-demand-prospects-and-ahead-of-opec-meet-2519485

Posted by Jjkcl > 2021-06-01 22:23 | Report Abuse

insurance claim and high oil prices , up all the way

Posted by KAQ4468 > 2021-06-01 23:51 | Report Abuse

Peewiittttt

Posted by KAQ4468 > 2021-06-01 23:51 | Report Abuse

Pasti mariiiiii

Posted by KAQ4468 > 2021-06-01 23:51 | Report Abuse

40 cents kambing

Posted by KAQ4468 > 2021-06-01 23:52 | Report Abuse

Ini kali lah

Posted by Mambang > 2021-06-02 00:55 | Report Abuse

naik 2 bit ..lepas tu turun

Posted by JuliusCeasar > 2021-06-02 07:19 | Report Abuse

Maybe can go up! The potential is higher due to higher sentiment on oil market now. PNB maybe push up the price.

It's about luck now. Sometimes too confident would easy make people get trapped. Good luck guys! and happy trading.

I just watch first and put on my radar screen.

Posted by bullmarket1628 > 2021-06-02 09:10 |

Post removed.Why?

Posted by JJchan > 2021-06-02 10:20 | Report Abuse

For me, Management go for Insurance Claim is very Sound. Depreciating savage cost and downtime cost together with Interest payment on Naga 7 is Not worth it bcos Green Technology
is moving too fast. The most Velesto asset may last 10years. Oil price may go higher and higher
But Drilling may come to a complete Halt in 15years. There is going to be many Rig in Saudi &
MidEast that will be left Idle soon (Velesto can Rent these Rigs) Even Saudi is moving away from Oil----
Taking 400mil Insurance Claim and look for Other Biz venture is really a better Option

Posted by bullmarket1628 > 2021-06-02 16:32 |

Post removed.Why?

Posted by hisaishi > 2021-06-02 17:19 | Report Abuse

chill 1st..75 then enter..haha

Posted by Macgyver11 > 2021-06-02 18:03 | Report Abuse

Brent 71+

Posted by Macgyver11 > 2021-06-02 18:05 | Report Abuse

If tonight break 75 another rally tomorrow...

Posted by Flybythenite > 2021-06-02 18:48 | Report Abuse

71.06 +0.81 +1.15%

Posted by Flybythenite > 2021-06-02 18:49 | Report Abuse

Many countries start reopening... need oil to restart engine!

Posted by Jjkcl > 2021-06-02 19:18 | Report Abuse

no oil no plane fly

Posted by Skywalker00 > 2021-06-02 19:26 | Report Abuse

How many time must say... they are not oil suppliers la... even if oil is 200usd... rigs stay idle ... still lose money.

Posted by Macgyver11 > 2021-06-03 04:55 | Report Abuse

Brent strong..oil rises on opec optimism.

Posted by bullmarket1628 > 2021-06-03 06:48 |

Post removed.Why?

Posted by JJchan > 2021-06-03 09:06 | Report Abuse

Petronas need more Oil and more drilling----MCO3 need another 48Bil----Where Gov is going to
get the Money???? Only Petronas

Posted by koyokui > 2021-06-03 09:25 | Report Abuse

Comercial airllines still rely on oil for now.

Posted by bullmarket1628 > 2021-06-03 09:47 |

Post removed.Why?

Posted by darksith > 2021-06-03 11:16 | Report Abuse

Velesto reached > RM4 in 2014!

Posted by pestariang > 2021-06-03 11:23 | Report Abuse

2014 too far meh jan 2020 reach 0.38

Posted by kennyqs > 2021-06-03 11:24 | Report Abuse

wow ! this round fly up to rm0.40 enough

Posted by JuliusCeasar > 2021-06-03 11:26 | Report Abuse

Steady VELESTO!

Posted by Flybythenite > 2021-06-03 13:23 | Report Abuse

Oil Up as Investors Bet on Fuel Demand Surpassing Supply
Commodities49 minutes ago (Jun 03, 2021 12:30AM ET)
https://www.investing.com/news/commodities-news/oil-up-as-investors-bet-on-fuel-demand-surpassing-supply-2522040

Posted by Flybythenite > 2021-06-03 13:24 | Report Abuse

:)))
71.84 +0.49 +0.69%

Posted by Flybythenite > 2021-06-03 13:25 | Report Abuse

Going $72 anytime now! :)) OMG!

Posted by JuliusCeasar > 2021-06-03 14:01 | Report Abuse

Brent oil price is already touched USD 72 but actually oil price is not key factor that push the price goes up.

Maybe investors are coming back due to confidence on their better prospect of this company getting more contract awards.

Posted by Jjkcl > 2021-06-03 14:08 | Report Abuse

0.30

Posted by obakh222 > 2021-06-03 15:22 | Report Abuse

If velesto startbrenting rig and able to produce more oilfield it will be good for investors but less profit for company because of rent cost la... Ya?

Posted by Flybythenite > 2021-06-03 17:05 | Report Abuse

Rent is cheaper than owning own assets.

Posted by Flybythenite > 2021-06-03 17:06 | Report Abuse

Oil rises as demand picture improves and suppliers keep supply tight
Commodities2 hours ago (Jun 03, 2021 02:50AM ET)
https://www.investing.com/news/commodities-news/oil-rises-for-a-third-day-on-expectations-for-fuel-demand-pickup-2522009

Posted by Flybythenite > 2021-06-03 17:08 | Report Abuse

Assets subject to depreciation. So I guess what “happened” was blessing in disguise

Posted by JuliusCeasar > 2021-06-03 17:09 | Report Abuse

Today closed up by 1 cent. Look like something is happening!
Total trading volume actually not very impressive but still can go up by 1 cent. Hmmmmmm!!!