Tarak turun lah 0.10c apalah lu org mangkuk ayun betui. Ckp berapa kali tak erti bahasa. Give me one reason why should go down to 0.10c despite qtr earning. Bursa will issue UMA enquiry already. This is not covid pandemic time lah. Mid to long term holder no issue intra trader kena kaw kaw lah tu pasai meroyan. Yang complaint bnyk2 ni mungkin kais pagi mkn pagi kot. Lol
after 1Q release ( with inflation #, Charter rate, Rigs efficiency---All known ) it is easy for Bankers to predict next Qr results----As i say before 30sens is just a small Hill, 40sens is new Top for next 45days before 2Q release
Past 2 years they're laterally out of free cash flow. This year mtd, just 3months alone they already generate free cash flow. Cash is king. Long term borrowing from 1bil to < 300mil (around 288mil). Velesto management keen to settle long term debt ( I dont why but there must be some reason). Receivable and inventory - customer still own them around 700mil. I believed the free cash flow will increase double after 2nd qtr onward. My 2c (Just do rough calculation)
Next QR different story already. Next QR will be a flying colours result. The price continue to fly after the QR release because the IBs raised the TP. Posted by Lewis Lee > 30 minutes ago | Report Abuse
So next time , remember to sell 1 day before QR release …. Then buy back later ? Lol
New contract 50 mils awarded ! Tomorrow pecut liao !!
KUALA LUMPUR: Velesto Energy Bhd said its sub-subsidiary Velesto Drilling Sdn Bhd has secured a contract from Vestigo Petroleum Sdn Bhd for the provision of a jack-up drilling rig.
In a filing with Bursa Malaysia, the group said the contract has an estimated value of US$10.9mil (RM50.32mil) and is expected to commence in Q4 2023.
The group said it has assigned its Naga 2 jack-up rig for the job, which entails the drilling of five firm wells.
"The provision of the above-mentioned service is expected to contribute to the earnings and net assets of VEB Group during the contract period for the financial period ending 31 December 2023," it added.
even with full utilization this year..as long as did not get higher rate for those rig plus higher opex, haizz susah mau cakap..lets hope the best qr coming forward
Velesto Energy has secured a contract worth an estimated USD10.9m (RM50.3m) from Vestigo Petroleum SB for its Naga 2 jack-up rig to drill five wells. The contract, awarded to Velesto’s wholly-owned unit Velesto Malaysian Ventures SB, is expected to commence in 4QFY2023, Velesto said. Vestigo, which develops small and stranded oil and gas (O&G) reserves, is a wholly-owned unit of Petronas Carigali Sdn Bhd.
Saudi voluntary cut output despite other opec+ countries stick with previous plan. Saudi want to maintain crude oil price above usa 80/ barrel....very good sign for DCR.
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Bon888
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Posted by Bon888 > 2023-05-26 13:24 | Report Abuse
Let it sell down, let it crash.