Posted by bullrun168 > 2023-10-09 09:56 | Report Abuse

Wow, oil price spike up like mad !
Brent now at $88.37 +$3.79 +4.48 %

Posted by bullrun168 > 2023-10-09 09:59 | Report Abuse

‘Knee-jerk surge’: Oil experts predict market impact of Israel-Hamas conflict
PUBLISHED SUN, OCT 8 20233:08 AM EDT

https://www.cnbc.com/2023/10/08/israel-hamas-oil-experts-expect-knee-jerk-reaction-in-energy-markets.html

Crude oil prices could see a spike on Monday but the overall impact of the attack on Israel by Palestinian militants Hamas will likely be limited, energy experts told CNBC.
That’s provided the conflict does not escalate further, they said.
“We may see a knee-jerk surge in crude prices when markets open on Monday,” Vandana Hari, CEO of Vanda Insights, told CNBC via email.
“There will be some risk premium factored in as a default, until the market is satisfied that the event is not setting off a chain reaction and Mideast oil and gas supplies won’t be affected,” said Hari.
Militants from Hamas — designated by the U.S., European Union and the U.K. as a terrorist organization — infiltrated Israel by land, sea and air on Saturday, during a major Jewish holiday. The incursion came hours after the Islamist militants fired thousands of rockets into Israel from Gaza...

Posted by bullrun168 > 2023-10-09 10:07 | Report Abuse

Oil Jumps as Hamas’ Attack on Israel Fans Middle East Tensions
By Serene Cheong and Elizabeth Low October 9, 2023 at 6:05 AM

https://www.bloomberg.com/news/articles/2023-10-08/oil-rallies-by-more-than-3-after-hamas-attacks-against-israel

Oil surged 5% after Hamas’ surprise attacks on Israel over the weekend, the broadest and bloodiest in decades, threatened to inflame tensions in the Middle East.
West Texas Intermediate traded near $87 a barrel as a war-risk premium returned to markets. The combined death toll topped 1,100 as fighting headed into a third day, while the US said it was sending warships to the region.
The latest events in Israel don’t pose an immediate threat to oil supply, but there’s a risk the conflict could spiral into a more devastating proxy war, embroiling the US and Iran. Any retaliation against Tehran amid reports it was involved in the attacks could endanger the passage of vessels through the Strait of Hormuz, a vital conduit that Iran has previously threatened to close...

Posted by Felix999 > 2023-10-10 09:48 |

Post removed.Why?

Posted by Macgyver111 > 2023-10-10 20:35 | Report Abuse

US senator calls for bombing on Iran's oil infrastructure. This is part of USA strategy to hinder Iran support over Hamas group. Without oil, they have no money. Without money, the terrorism loses its biggest benefactor. Everybody talks about Iran being responsible. It is now time to make Iran pay for the price. Iran one of among opec13 members. Look like Israel wars against Palestine going to prolong quite some time. That mean more tighting in crude oil supply and brent might trading at higher level continuously.

Posted by aireez > 2023-10-12 11:58 | Report Abuse

soon sudden spike will take place ?!? ... everyone know and notice Vele starting full capacity for 2023 final qtr to boosting their revenue @ yearly profits .

Posted by aireez > 2023-10-12 12:10 | Report Abuse

Vele glory time will return and continue ... !!

Posted by aireez > 2023-10-12 12:31 | Report Abuse

Ding Dong ding dong later @ soon .... shooting to the star !!
😊

Posted by Macgyver111 > 2023-10-12 13:03 | Report Abuse

Hold tight..crude oil at our favorable side now. DCR for vele might improve further. Ini kali lah..

Posted by aireez > 2023-10-12 16:12 | Report Abuse

My view point ... this is the right time @ golden opportunity for PNB to get back the glory time and trust for the Vele Share Holders BUT also Mutual Fund investors such like the ASN and ASB which their dividen and bonus became less and alots of people selling the ASN @ ASB bank loans .

Posted by aireez > 2023-10-12 16:19 | Report Abuse

Once all the big Corporate Figure put their hand .... nothing to stop sudden spike where current price is 30%++ below the value !!

Posted by rizal2020 > 2023-10-12 16:29 | Report Abuse

Bravo
Who knows 2morrow opening will be 30cts++
heheheheeee

Posted by rizal2020 > 2023-10-12 16:36 | Report Abuse

If not mistaken more 100k of 260 has been purchase and change hand

Posted by aireez > 2023-10-12 17:02 | Report Abuse

very interesting even oil price up and down this week Vele still closing at 260 and everyday trading volumes increasing ... good indicator @ signal lorrrr
The traders now focusing the real situation and VELE performance ( Annual Return - Perhaps )

Posted by rizal2020 > 2023-10-13 11:34 | Report Abuse

aireez
Ding Dong ding dong later @ soon .... shooting to the star !!
😊

Broo ... anything can be appen !
2day maybe

Posted by Lewis Lee > 2023-10-13 12:16 | Report Abuse

Instead of "shooting to the star", this counter more like sleeping with " twinkle twinkle little star " 🤣🤣

Posted by Felix999 > 2023-10-13 13:44 | Report Abuse

HLB said the rig utilization expected to drop in Q3 2023 and then run on full steam at Q4 2023.


Hong Leong Investment Bank (HLIB) Research said the company’s JU rig fleet utilisation rate would likely slump to about 50% compared with 88% in 2Q23 – below the breakeven point of 70%.

https://www.thestar.com.my/business/business-news/2023/10/13/velesto-rig-utilisation-rate-likely-to-drop#openShareModal

Posted by Felix999 > 2023-10-13 13:46 | Report Abuse

Expected some bumppy ride until Q4 2023 results announcement.

Posted by royalinvestor > 2023-10-13 15:30 | Report Abuse

Felix999
Hong Leong Investment Bank (HLIB) Research said the company’s JU rig fleet utilisation rate would likely slump to about 50% compared with 88% in 2Q23 – below the breakeven point of 70%.

Even utilization rate for Q3 abit low due to process needs but overrall performance for 2023 is improving and profitable ... somemore clear plan for better result will arise in Q4 to contribute excelent result and profit for the company toward 2025
tt y HLB revise the target drastically
"" HLIB Research, which is upgrading the stock to a “hold” from a “sell” with higher target price of 25 sen, said the global JU rigs crunch would continue to benefit Velesto by elevating its fleet utilisation and DCR.The brokerage firm has revamped its financial model for Velesto and reintroduced its forecasts for FY23, FY24, and FY25 at RM74.1mil, RM144.7mil and RM163mil respectively. ""
With the clear Position and Focus on VELE what is the investors target ?
i dt think the big investor will wait and cc for last call to grab the volumes where Q4 is started the progress and implementation .
The more waiting .... the price will be more attractive and worst case they dt want to miss the Vele boat

Posted by royalinvestor > 2023-10-13 15:38 | Report Abuse

aireez
Once all the big Corporate Figure put their hand .... nothing to stop sudden spike where current price is 30%++ below the value !

agree with you @aireez

Posted by Macgyver111 > 2023-10-13 16:35 | Report Abuse

HLB research doesn't make sense

Posted by Macgyver111 > 2023-10-13 16:42 | Report Abuse

Yes for me it doesn't make any sense. According to HLB out of 6 rigs 4 going for inspection and MO&R. That mean only 2 is operating...it also mean rigs utilization should be 33% not 50%.

Posted by Macgyver111 > 2023-10-13 16:43 | Report Abuse

I don't think velesto hv such a incompetence management to idle the rigs in such way despite those rigs already idle for quite long time during 2021/2022 (No contract) and any inspection or MO&R supposed to do then. This how Malaysia boleh land work...

Posted by Felix999 > 2023-10-13 16:47 | Report Abuse

Maybe some overlapping period, cannot be all 4 rigs going for maintenance and inspection at the same time. Some more during this peak period.

Posted by Macgyver111 > 2023-10-13 16:56 | Report Abuse

Ya agreed with you. HLB said likely they not sure also. Let see the 3Q result.

Posted by Macgyver111 > 2023-10-13 16:58 | Report Abuse

Rig 3, 4 and 6 supposed to work for Petronas 3Q onward as per the contract announcement recently.

Posted by Epseps > 2023-10-13 21:50 | Report Abuse

That's y I also wonder y HLB made such comments

Posted by bullrun168 > 2023-10-14 07:19 | Report Abuse

Oil price spike up crazily !
Brent $90.89 +4.89 +5.69 %

Posted by bullrun168 > 2023-10-14 07:33 | Report Abuse

Oil surges nearly 6% after Israel begins ground raids into Gaza
By Stephanie Kelly
October 14, 20233:46 AM GMT+8

https://www.reuters.com/markets/commodities/oil-climbs-us-sanctions-stockpile-forecasts-raise-supply-concerns-2023-10-13/

NEW YORK, Oct 13 (Reuters) - Oil prices leapt nearly 6% on Friday, with Brent posting its highest weekly gain since February, as investors priced in the possibility that the conflict in the Middle East could widen as Israel began ground raids inside the Gaza Strip.
Israel's announcement marked a shift from an air war to ground operations to root out Hamas fighters a week after the militant Palestinian group's deadly rampage in southern Israel.

Brent futures settled up $4.89, or 5.7%, at $90.89 per barrel. U.S. West Texas Intermediate (WTI) crude gained $4.78, or 5.8%, to $87.69 a barrel.
Both benchmarks posted their highest daily percentage gains since April.
Brent also recorded a weekly gain of 7.5%, its biggest such increase since February. WTI climbed 5.9% for the week.
The conflict in the Middle East has had little impact on global oil and gas supplies, and Israel is not a big producer. Investors and market observers, however, are assessing how it could escalate and what it might mean for supplies from nearby countries in the world's top oil producing region.

Some residents in Gaza were abandoning their homes on Friday to escape from the path of an Israeli onslaught, after Israel ordered more than a million people to leave the northern half of the territory within 24 hours. Hamas told them not to go.
Iran's Oil Minister Javad Owji said on Friday oil prices are expected to reach $100 per barrel due to the current situation in the Middle East, according to the ministry's news agency SHANA…

Posted by serpent100 > 2023-10-17 17:18 | Report Abuse

Stock ni betul2 buat org x tau nk ckp apa lg …..

Posted by Klse_faizan > 2023-10-17 21:31 | Report Abuse

Hahaha.waiting2 smpai pak Jamal mmpus

Posted by Macgyver111 > 2023-10-18 15:37 | Report Abuse

Only bilis playing around...shark don't have appetite. Must wait patiently no choice.

Posted by bullrun168 > 2023-10-18 15:42 | Report Abuse

Oil jumps 2% as hospital blast increases Middle East tensions
By Arathy Somasekhar and Muyu Xu
October 18, 20232:16 PM

https://www.reuters.com/business/energy/oil-prices-jump-2-supply-worries-after-large-us-stock-drawdown-2023-10-18/

Oct 18 (Reuters) - Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions from the region.
Brent crude futures advanced $1.75, or 2%, to $91.65 a barrel at 0609 GMT. West Texas Intermediate crude (WTI) futures were up $1.91, or 2.2%, at $88.57 a barrel.
In earlier trade, both benchmarks gained more than $2 to touch their highest levels in two weeks.

Markets factored in risk premiums after hundreds of Palestinians were killed in a blast at a Gaza City hospital on Tuesday that Israeli and Palestinian officials blamed on each other.
Jordan then cancelled a summit it was to host with U.S. President Joe Biden and Egyptian and Palestinian leaders.
"The cancellation of a summit between Biden and Arab leaders reduces the likelihood of a diplomatic solution to the Israel Hamas conflict," Vivek Dhar, an analyst at Commonwealth Bank of Australia, said in a client note.
Markets are nervous about a threatened Israeli ground offensive in Gaza.
"A long occupation looms as the scenario that pushes Brent oil futures above $US100/bbl because it raises the risk that the Israel Hamas conflict expands and potentially draws in Iran directly," Dhar said.
Biden is set to visit Israel on Wednesday to show support for the country in its war with Islamist militant group Hamas. The White House said he will make clear he does not want the conflict to expand.

Also supporting oil prices, U.S. crude stocks fell by about 4.4 million barrels in the week ended Oct. 13, according to market sources citing American Petroleum Institute figures on Tuesday. That was much steeper than a 300,000 barrel draw that analysts had forecast.
Official U.S. government data is due later on Wednesday.
On the demand side, China's economy grew faster than expected in the third quarter, official data on Wednesday showed, suggesting a recent flurry of policy measures is helping to bolster a tentative recovery.
China's official data also showed that the country's oil refinery throughput in September hit a record daily rate, up 12% from a year earlier as refiners increased run rates to cater for strong demand for transport fuel over the Golden Week holiday and improving manufacturing.
But analysts sounded cautious on China's economic growth as the real estate sector remains a drag.
"The September data likely guarantee that China will hit its 'around 5%' growth target this year. That said, it will struggle to better it. The economic recovery is still in its infancy," Moody's Analytics economist Harry Murphy Cruise said in a note.

Meanwhile, U.S. retail sales increased more than expected in September, spurring expectations of another interest rate hike by the Federal Reserve by year-end. Interest rate hikes to curb inflation can slow economic growth and reduce oil demand.
Venezuela's government and its political opposition on Tuesday agreed to electoral guarantees for 2024 presidential elections, paving the way for possible U.S. sanctions relief that could eventually boost oil supplies.

Posted by Macgyver111 > 2023-10-20 10:16 | Report Abuse

This is in my view of point...price hold very strong @ 25c to 26c. Somebody controlled it very well, don't want the price drop dramatically (to give cheap ticket) nor allowed it to shoot up very fast and give free meal to short players.

Posted by Macgyver111 > 2023-10-20 16:35 | Report Abuse

Brent crude seen breaching US$150 if Hamas-Israel war escalates, Malaysia to get revenue boost

Latest - TA give TP 0.33c now.

Posted by royalinvestor > 2023-10-23 12:38 | Report Abuse

Macgyver111
This is in my view of point...price hold very strong @ 25c to 26c. Somebody controlled it very well, don't want the price drop dramatically (to give cheap ticket) nor allowed it to shoot up very fast and give free meal to short players.

agree with you bro ...

still ding dong for the right time to do sudden spike
I think it will appen soon maybe within this week or b4 Nov 2023

Posted by Macgyver11 > 2023-10-23 12:49 | Report Abuse

As for now I think energy stock is preferable as crude oil might elevated higher due geopolitical factor.

https://oilprice.com/Latest-Energy-News/World-News/Allianz-Trade-Says-Oil-Could-Hit-140.html

Posted by Macgyver11 > 2023-10-23 20:55 | Report Abuse

https://youtu.be/eZPlMyKhXTs?feature=shared
Occidental CEO talk about oil price, the important of carbon capture and future of fossil fuel. Carbon capture really work and very Nation should hv at lease 2 carbon capture plant to regulate co2 in air. If this really happens then fossil will remain more longer and EV not going to survive longer.

Posted by Macgyver11 > 2023-10-24 12:12 | Report Abuse

Today based on 8 analysts recommendation,
Strong buy - 3
Hold - 4
Sell - 1
Recommendation from hold turn to buy. Very good indication indeed. Later strong buy.

Posted by faizalanuar > 2023-10-25 01:34 | Report Abuse

weekly indicator looks promising..engine gonna start kaa...

Posted by TurkeyFig > 2023-10-25 13:23 | Report Abuse

When can 30sen?

Posted by Macgyver11 > 2023-10-25 13:29 | Report Abuse

Maybe but oil price getting weaker..war in between Ukraine/Russia calm down as Putin collapse due to cardiac and Israeli war against Gaza easing...Saudi is the saviour now.

Posted by Macgyver11 > 2023-10-26 13:40 | Report Abuse

Macgyver11

https://fortune.com/2023/10/25/toyota-chairman-akio-toyoda-electric-vehicles-ev-ford-gm-tesla-earnings-elon-musk/


Tesla EV cars popularity going down, profit depleting...consumers returning back to combustion engine (fossil fuel).

Posted by Macgyver11 > 2023-10-26 13:43 | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/Honda-GM-Ditch-5B-Plan-To-Jointly-Develop-Affordable-EVs.html

Even world number one car maker Honda ditching out plan to make affordable EV cars...fossil fuel gaining popularity again, yet i hope world keep on build more Carbon capture facilities to accommodate the climate changes

Posted by TiGongPoPiPopi > 2023-10-29 15:18 |

Post removed.Why?

Posted by Felix1510 > 2023-10-29 16:44 | Report Abuse

Masuk masuk!! Banyak banyak kasi masuk!! Kaya banyak cepat!!

Posted by SinGor > 2023-10-29 16:46 | Report Abuse

30sen just breakeven for PNB, nothing to shout about

Posted by Epseps > 2023-10-29 21:24 | Report Abuse

But waiting for PNB to push above 30sen for so looooooong...

Posted by Macgyver11 > 2023-10-30 17:18 | Report Abuse

Around corner...sabar

Posted by TiGongPoPiPopi > 2023-10-31 10:57 |

Post removed.Why?