ya juz wonder who r those fools who are selling with maddogs, depressing the prices or they know something we dun know like poorer than expected qtr rpt? all due to tns kenanga & hlb that syndicates used as a vessel to depress the share.
All time high-demand will push the oil price to usd 100/barrel, said standard chartered...
Commodity analysts at Standard Chartered have buttressed that view saying their projections also imply large inventory draws peaking at 2.9 mb/d in August. However, their timing for when demand will hit a new high is a couple of months later than the IEA's. StanChart estimates that June demand was about 0.5 mb/d below August 2019's all-time high, but expects the record will be exceeded in the current month. According to the analysts, highly effective producer output restraint, led by Saudi Arabia, will create the conditions for a price rally that will take Brent prices above this year's high at $89.09/bbl onto their Q4-average forecast at $93/bbl, with a likely intra-quarter high above $100/bbl.
Seems this guy (HLI) just wake up from coma. Now start giving slightly good feedback but you know what, HLI already collected cheap ticket kaw-kaw...jerung no satu.
Velesto’s drilling orderbook currently stands at RM797mn. Meanwhile, its tenderbook stands at RM3.7bn which are for jobs in FY24-25. This consists of 14 short term contracts (mostly in SEA region) and 5 long term contracts (outside SEA region).
it's time for Velesto to re-emerge as the best energy industry company in the Asian region with multi-billion ringgit contracts that are extremely profitable
if net profit hit 30mil for 2Q23, it is consider very Good but the real explosive earning spike is 4Q23.....Then again market price could peak in Nov if everybody jumps in before 4Q23 announcement in Feb2024
ur rite SinGor ... i agree with rizal2020 this qtr report will be the base line where Velesto price start to soar above 30cts and gradually increase to reach the peak point by this year because from the company projection and plan 2Q23 is the best REVENUE , DCR and HWU ... therefor it will contribute better profit margin with good EPS somewhere 0.31++ hopefully
Possibility is there for Vele to earn net profit above 20mil. If 30mil + consider very good. I strongly believed contract from Hess carigali will give positive earning. The contract from Hess worth 630mil ( usd 135mil) and already commenced on Q4 2022 last year. And, with support of this two short terms contract which commence 1Q 2023 from ROC sarawak and PTTEP worth another RM125mil...yeah possibility is there. Hope earning from above contract visible in upcoming qtr (I didn't include in the GAIT contract). Monday everything will come to clear picture..
Very busy time for velesto as Q3 this year they hv to deploy their rigs for another Petronas contract (worth usd128mil)...regret Naga 7 no more available 😀. Drill baby drill
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....
ken
673 posts
Posted by ken > 2023-08-18 06:46 | Report Abuse
Good counter, but need a lot more time to go beyond 30sen. Patient will be ultimate winner ..